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Cable Update (GBPUSD)

  • #206,121
  • Mar 15, 2010 1:03pm Mar 15, 2010 1:03pm
Nah, I'm done for today, cant see how anything is gonna change tonight and dont have any clear opinion on it either so I'm out...

Good luck to all and see tommorrow morning, looking for another drop like today
@pawpaw1000 on Twitter
  • #206,122
  • Mar 15, 2010 1:03pm Mar 15, 2010 1:03pm
Bit of a dollar bear rally until Dodd is finished talking me thinks.
  • #206,123
  • Mar 15, 2010 1:04pm Mar 15, 2010 1:04pm
Hi Traders,

US clocks have already gone back this weekend so oil will open at 1pm and equities 1.30pm

Here is a short video (normally about10 minutes) of the markets talking about my view on the week ahead from the proxies to currencies, commodities and equities (US only).

http://www.thehamiltons.co.uk/14-03_10/14-03_10.html
Attached Image (click to enlarge)
Click to Enlarge Name: 15-03-2010 15 mins gbp.jpg Size: 78 KB
  • #206,124
  • Mar 15, 2010 1:08pm Mar 15, 2010 1:08pm
Quoting forexlion
O cable in heaven, thy kingdom come, thy will be done, ........
Quoting forexlion
we have not even begun
Quoting forexlion
touch down, i am out of shorts here
the journey is not over yet
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cable.gif Size: 25 KB
Click to Enlarge Name: cable2.gif Size: 16 KB
  • #206,125
  • Mar 15, 2010 1:22pm Mar 15, 2010 1:22pm
Quoting cinex
ForexLion
May I ask you to share with me (us) type of rsx indicator you have attached to your chart, the setting of it or could you share the indicator itself on forum ? Looks interesting could you tell something about it and something general about your strategy ? I would like to know what factors you take when making decisions. I hope it is not a secret Cheers
and here is the link for decision maker

http://www.random.org/coins/?num=1&c...decision-maker
Attached File(s)
File Type: mq4 RSX.mq4   3 KB | 320 downloads
  • #206,126
  • Mar 15, 2010 1:34pm Mar 15, 2010 1:34pm
Quoting papapips
A gift from the trading gods?
I don't see it? Please excuse my ignorance, but I am fairly new to this game. Is this a combination of candlestick formation and RSI? Please could you be so kind to elaborate.

Thanks and have a great evening.
  • #206,127
  • Mar 15, 2010 1:41pm Mar 15, 2010 1:41pm
Quoting bbakker
I don't see it? Please excuse my ignorance, but I am fairly new to this game. Is this a combination of candlestick formation and RSI? Please could you be so kind to elaborate.

Thanks and have a great evening.
Good day to you,

A post in hindsight - no value. Don't bother...

Regards
  • #206,128
  • Mar 15, 2010 1:45pm Mar 15, 2010 1:45pm
Quoting bbakker
I don't see it? Please excuse my ignorance, but I am fairly new to this game. Is this a combination of candlestick formation and RSI? Please could you be so kind to elaborate.

Thanks and have a great evening.
I think its candle stick formation, very nice reversal formation I should add.
  • #206,129
  • Mar 15, 2010 1:47pm Mar 15, 2010 1:47pm
Quoting TauTrader
Good day to you,

A post in hindsight - no value. Don't bother...

Regards
hi Tau, long time no see http://t0.gstatic.com/images?q=tbn:H...vya_Manian.jpg
  • #206,130
  • Mar 15, 2010 1:49pm Mar 15, 2010 1:49pm
Forexlion , master I assume I should use the magic coin to choose the right indicator, before each trade.

(Thanks)
  • #206,131
  • Mar 15, 2010 1:50pm Mar 15, 2010 1:50pm
Quoting lexazver
I think its candle stick formation, very nice reversal formation I should add.
Could somebody please let me know what formation were talking about. I'm also very new and would love to learn
@pawpaw1000 on Twitter
  • #206,132
  • Mar 15, 2010 1:50pm Mar 15, 2010 1:50pm
Quoting bbakker
I don't see it? Please excuse my ignorance, but I am fairly new to this game. Is this a combination of candlestick formation and RSI? Please could you be so kind to elaborate.

Thanks and have a great evening.

I so blind and can't see any candle formation... But we approach a Channel and that aint good at-all. So be weary!!
  • #206,133
  • Mar 15, 2010 1:51pm Mar 15, 2010 1:51pm
Quoting forexlion
hi Tau, long time no see http://t3.gstatic.com/images?q=tbn:C...binoculars.jpg
Good day to you, Forexlion

It helps when you remove the protective caps...

Kidding..

Hope you are doing well. See you around, my friend

Regards to you
  • #206,134
  • Mar 15, 2010 1:55pm Mar 15, 2010 1:55pm
away after london close still spot no sell no buy lets call the wise man to flip the coin heads or heads tail or tail i must be high
  • #206,135
  • Mar 15, 2010 1:57pm Mar 15, 2010 1:57pm
Gentlemen,

our friend was referring to the reversal pattern / pin bar off the SR level that happened this morning...

Therefor no current value - in hindsight.

Regards
Attached Image
  • #206,136
  • Mar 15, 2010 1:59pm Mar 15, 2010 1:59pm
Quoting TauTrader
Good day to you,

A post in hindsight - no value. Don't bother...

Regards
En een mooie dag voor jou vriend,

Without explanation, I tend to agree. He's put the worm on the hook, but then doesn't cast his rod. I have an open mind to any trading strategy so long it is well explained. If people just give tidbits, it's a waste of time.

Met vriendelijke groeten
  • #206,137
  • Mar 15, 2010 2:02pm Mar 15, 2010 2:02pm
Quoting TauTrader
Gentlemen,

our friend was referring to the reversal pattern / pin bar off the SR level that happened this morning...

Therefor no current value - in hindsight.

Regards
In 1Hr chart, there is a reversal one also which looks like shoulder . Pattern did not finish its formation. If confirmed, maybe 200 pips down. Interresting pattern to follow.
No Signal, No Trade. No fundamenals, No headache.
  • #206,138
  • Mar 15, 2010 2:05pm Mar 15, 2010 2:05pm
Quoting bbakker
En een mooie dag voor jou vriend,

Without explanation, I tend to agree. He's put the worm on the hook, but then doesn't cast his rod. I have an open mind to any trading strategy so long it is well explained. If people just give tidbits, it's a waste of time.

Met vriendelijke groeten

man my strategy have 2 darn d cu b;;;;;;;;;;;;;;;;;;;;;bs and u dont like
  • #206,139
  • Mar 15, 2010 2:15pm Mar 15, 2010 2:15pm
the room is boring like cable we need some action
Attached Image
  • #206,140
  • Mar 15, 2010 2:17pm Mar 15, 2010 2:17pm
Congrats to all that made some pips today. I was out of the market as no time for trading

Just wanted to post this chart

Heavy buying in the 1,5020 zone last 10 hours. The move down overnight was another one of those ' oh look politics in the UK is falling apart' kind of move. Much like the 400 pip one we saw the other week that got bought into heavily . I would not be surprised for this to test 1.5240 level in next 24 hours

It will be an interesting week for both buyers and sellers and intraday there will be loads of chances for both .

Attached Image (click to enlarge)
Click to Enlarge Name: chart04b.jpg Size: 161 KB
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