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Cable Update (GBPUSD)

  • #203,641
  • Mar 4, 2010 11:46pm Mar 4, 2010 11:46pm
Quoting Ctic
From what I have seen in this forum, many are torn. In addition, many different styles of trading here. A lot has the bearish view with the trend and some are starting to feel more bullish. I personally think we are going to the 1.54 - 1.56 area before continuing downward. However, I will be on the lookout for trend reversal if it should happen. In the meantime I will continue to scalp/swing trade, contra trend trade, and trend trade and do what I do. If it works, why try to fix it.

C.
With ya there brother.

Target on the H4 puts us into 1.5577, and well, again moving target, and right in your kill zone...again, not unreasonable really..but more than just holding support here, we need to see a little movement.

The one thing I read that you wrote is that nothing goes straight up or straight down, and that's pretty much the way I see things as well.

If there is a trade to be had...well, I don't see too many reasons not to take it....

>>shrugs shoulders<<

This would be a pretty dull place if we all seen things the same..

Be like 1 post and 76 replies going, yep.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #203,642
  • Mar 4, 2010 11:51pm Mar 4, 2010 11:51pm
Quoting digger1
lol magix , I chimed in being upside down right side up and vise versa yesterday , I will be the 1st to tell you I aint got a clue lol, but by the end of yesterday I ended up with a decent day . I understand sometimes I just dont implement it right
With ya there brother...

Every once in a while I find myself hitting the trigger and than do one of them "Oh Dammit" head smacking things.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #203,643
  • Mar 4, 2010 11:53pm Mar 4, 2010 11:53pm
Quoting Magix
With ya there brother.

Target on the H4 puts us into 1.5577, and well, again moving target, and right in your kill zone...again, not unreasonable really..but more than just holding support here, we need to see a little movement.

The one thing I read that you wrote is that nothing goes straight up or straight down, and that's pretty much the way I see things as well.

If there is a trade to be had...well, I don't see too many reasons not to take it....

>>shrugs shoulders<<

This would be a pretty dull place if we all seen things the same.....

Yep...




Lol..I am with you there brother. Again, good to see our targets match up as usual. And your right, a little movement would be nice. My grandma moves faster than it's moving and she passed away 3 years ago.
  • #203,644
  • Mar 4, 2010 11:57pm Mar 4, 2010 11:57pm
Quoting Magix
With ya there brother.

Target on the H4 puts us into 1.5577, and well, again moving target, and right in your kill zone...again, not unreasonable really..but more than just holding support here, we need to see a little movement.

The one thing I read that you wrote is that nothing goes straight up or straight down, and that's pretty much the way I see things as well.

If there is a trade to be had...well, I don't see too many reasons not to take it....

>>shrugs shoulders<<

This would be a pretty dull place if we all seen things the same.....
I like your last two sentences Magix....I learned long ago to trade what I see and what I think - not what other's see. HOWEVER, that's not to say that by sharing back and forth; I truly believe it helps us to 'hone' our skills; to recheck our analysis and decisions; and generally be a little more careful with what we do. So I for one love the fact that we're all seeing similar charts - but assess them so very differently...I know it keeps me on my toes for which I'm truly grateful to all
  • #203,645
  • Mar 5, 2010 12:11am Mar 5, 2010 12:11am
Every single forum I am subscribed too is dead last post here 12 minutes ago, others 48 minutes ago, yet others 26 hours ago. What the hell, are we all just mesmorized staring at charts that are not even moving...lol. I hope not.
  • #203,646
  • Mar 5, 2010 12:14am Mar 5, 2010 12:14am
Quoting Ctic
Every single forum I am subscribed too is dead last post here 12 minutes ago, others 48 minutes ago, yet others 26 hours ago. What the hell, are we all just mesmorized staring at charts that are not even moving...lol. I hope not.
26 hours ago?

Must have made all their money early this week, take the rest of the week off....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #203,647
  • Mar 5, 2010 12:25am Mar 5, 2010 12:25am
Quoting Magix
26 hours ago?

Must have made all their money early this week, take the rest of the week off....
Yeah I don't know what is up with that one.
  • #203,648
  • Mar 5, 2010 12:28am Mar 5, 2010 12:28am
Quoting Ctic
From what I have seen in this forum, many are torn. In addition, many different styles of trading here. A lot has the bearish view with the trend and some are starting to feel more bullish. I personally think we are going to the 1.54 - 1.56 area before continuing downward. However, I will be on the lookout for trend reversal if it should happen. In the meantime I will continue to scalp/swing trade, contra trend trade, and trend trade and do what I do. If it works, why try to fix it.

C.
Hi Ctic,

GU will UP First in in Peak (around) Alphabet III
And then go DOWN...

She made TWO Mountain !
If She will make ONE Mountain again, in my View :

BEARISH, The Three Drives Pattern
Chart Pattern in my Post #200340



Notice :
I'm can NOT Drawing Good, so Sorry.
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Always looking the GREAT, never left GOOD Point...
  • #203,649
  • Mar 5, 2010 12:44am Mar 5, 2010 12:44am
Long on the Cable @ 1.5031. Yesterday price entered me into my Long position. Please keep in mind that the NFP News Release is Today. I have reduced the initial risk of this investment by 84.83%. If price can push up some more a few hours before the NFP, I will either close the trade or move my Stop Loss into the green.
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  • #203,650
  • Mar 5, 2010 12:54am Mar 5, 2010 12:54am
gu 99% will go down at current price....
I'll wait before enter long
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Pride of opinion is a characteristic of losing traders
  • #203,651
  • Mar 5, 2010 12:58am Mar 5, 2010 12:58am
Quoting forexlion
Me short with target of 4780, but we will see targets below 4780 on this move

ADP came out stronger than expected, NFP will do the same and will drive dollar strength pushing cable down.

I am bookmarking this post in my signature for future reference.
follow up post #1
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  • #203,652
  • Mar 5, 2010 1:33am Mar 5, 2010 1:33am
Quoting forexlion
Me short with target of 4780, but we will see targets below 4780 on this move

ADP came out stronger than expected, NFP will do the same and will drive dollar strength pushing cable down.

I am bookmarking this post in my signature for future reference.
followup post #2

4 hour support is history
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  • #203,653
  • Mar 5, 2010 1:42am Mar 5, 2010 1:42am
Trading simple way,

Peter
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Jesus Christ is my only Lord !
  • #203,654
  • Mar 5, 2010 1:44am Mar 5, 2010 1:44am
Malc do you know any demo platfrom which has ES in it?

Quoting malcolmb14
tomorrow we have NFP

here is my take
ES ended today on highs but on NO volume .. this is called a no demand bar , in fact the last three days the volumes have been lower and lower and today printed the lowest volume of all on an UP day since 1068

NFP on the news they are talking baout it being effected by snow storms. Hold on so a snow storm hits and all of a sudden everyone is laid off ?

A statistic researched, recorded and reported by the U.S. Bureau of Labor Statistics intended to represent the total number of paid U.S. workers of any...
  • #203,655
  • Mar 5, 2010 1:49am Mar 5, 2010 1:49am
Prayers aren't going to help the Pound. I think we have a repeat. We go down to one of my favorite fib expansions.

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Disclaimer: Unless it doesn't!


As as long as we get there, who cares how we got there.


JD
It's Easy To Get In;.. It's Hard To Get Out
  • #203,656
  • Mar 5, 2010 1:52am Mar 5, 2010 1:52am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Folks,


Could you please let me know of any broker with currency indicies (dollar, pound etc) in their demo mt4 ?


Thanks
ams
  • #203,657
  • Mar 5, 2010 1:54am Mar 5, 2010 1:54am
Quoting forexlion
followup post #2

4 hour support is history
Hi forexlion; I'm with you. I had a nice run down on this last night and am back on. However, I don't like the look of the possible "divergence" setup on the 4hr chart; its first wave is looking out of line with the 1.4782 low and I'm wondering if this might "reverse" at around 14854. It would still give a 4hr divergence but at 1.4854 which is also a fib support. If it did pull up at this level; there would then be a high probability of a 1,2,3 being put in place on the daily for a trip north. It'd be nice to see a little more strenght in this down move though....
  • #203,658
  • Mar 5, 2010 2:00am Mar 5, 2010 2:00am
Quoting forexlion
Me short with target of 4780, but we will see targets below 4780 on this move

ADP came out stronger than expected, NFP will do the same and will drive dollar strength pushing cable down.

I am bookmarking this post in my signature for future reference.
PTI [Profit Taking Index] 19 means nobody is interested in booking profits here
Attached Image (click to enlarge)
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  • #203,659
  • Mar 5, 2010 2:00am Mar 5, 2010 2:00am
Quoting ams
Folks,


Could you please let me know of any broker with currency indicies (dollar, pound etc) in their demo mt4 ?


Thanks
ams

You can try admiral markets they surely have eur, usd but some other also,

Peter
Jesus Christ is my only Lord !
  • #203,660
  • Mar 5, 2010 2:04am Mar 5, 2010 2:04am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Many thanks Peter!

Quoting hipcio
You can try admiral markets they surely have eur, usd but some other also,

Peter
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