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Cable Update (GBPUSD)

  • #208,121
  • Mar 19, 2010 11:16am Mar 19, 2010 11:16am
QUESTION FOR OUR SENIORS

do a our american counterparts trade on cable as we do?? i e GBP/DOLLAR or do they have an inverse Cable like US/GBP......
I am only asking to make sure that our support lines are the same ,, ie 1.5000 1.5050 ect,,,,
Ta room
  • #208,122
  • Mar 19, 2010 11:16am Mar 19, 2010 11:16am
Quoting pawpaw1000
well, my 50% fib from the last move is sitting at around 73 but havent had enough experience to feel comfortable with fibs so use the rather safe than sorry stance...

what you think about fibs?
I like fibs and use them to gauge exits and to gauge the strength of a reversal/extension. If we go up my initial target is 5079 as that was a moment of hesitation on the way down and may well turn into resistance on the way up, next is 5089 as it was on the way down, followed by 5126 the previous breakout support.
  • #208,123
  • Mar 19, 2010 11:16am Mar 19, 2010 11:16am
wormy nothing left all the meet is gon
Attached Image
  • #208,124
  • Mar 19, 2010 11:18am Mar 19, 2010 11:18am
Looks like some of the big boys still having shorts.
  • #208,125
  • Mar 19, 2010 11:19am Mar 19, 2010 11:19am
Quoting bbakker
I told you not to... you're not wrong there! Beautiful
are u happppppy now i told u sooooooooooo
  • #208,126
  • Mar 19, 2010 11:19am Mar 19, 2010 11:19am
Quoting Honored
Wormboy,how do u find momentum. I am new here and what is PA ?
what indi do i use. thanks for teaching me in advance
I use better Volume indi, are those bars at the bottom , the momentum ?
Quoting FroggyPipes
hello how do you see the momentum (this macd(12,26,9) on H1 ???) and what strong mean? thks in advance

I do not use indicators. froggy i just use macd to spot divergence that's it.
I have to apologise in advance, I don't teach. I discuss trade opportunities at my thread if you're interested.

I have posted this a few times for the new guys. I personally rate these traders. Please take your time to read their stuff.

Wayne Jackson
1. http://www.forexfactory.com/showthread.php?t=27286

Fti
1. http://www.forexfactory.com/showthread.php?t=57639


Good luck
Thank You
  • #208,127
  • Mar 19, 2010 11:21am Mar 19, 2010 11:21am
this time i am out for real no more eitchy fingers
  • #208,128
  • Mar 19, 2010 11:21am Mar 19, 2010 11:21am
Quoting Pyramus
Looks like some of the big boys still having shorts.
False breakout? profit taking? no close below 4995 yet.
  • #208,129
  • Mar 19, 2010 11:21am Mar 19, 2010 11:21am
Quoting kill56
wormy nothing left all the meet is gon
lol
Thank You
  • #208,130
  • Mar 19, 2010 11:22am Mar 19, 2010 11:22am
Inserted Video
  • #208,131
  • Mar 19, 2010 11:22am Mar 19, 2010 11:22am
reckon just a stab, nothing real
@pawpaw1000 on Twitter
  • #208,132
  • Mar 19, 2010 11:24am Mar 19, 2010 11:24am
Quoting pawpaw1000
reckon just a stab, nothing real
Spot on, sucker break.
  • #208,133
  • Mar 19, 2010 11:25am Mar 19, 2010 11:25am
Quoting cloggie
Spot on, sucker break.
might scalp it back up to 24...
@pawpaw1000 on Twitter
  • #208,134
  • Mar 19, 2010 11:26am Mar 19, 2010 11:26am
Quoting wormboy
I do not use indicators. froggy i just use macd to spot divergence that's it.
I have to apologise in advance, I don't teach. I discuss trade opportunities at my thread if you're interested.

I have posted this a few times for the new guys. I personally rate these traders. Please take your time to read their stuff.

Wayne Jackson
1. http://www.forexfactory.com/showthread.php?t=27286

Fti
1. http://www.forexfactory.com/showthread.php?t=57639


Good luck

oki thks
  • #208,135
  • Mar 19, 2010 11:27am Mar 19, 2010 11:27am
Quoting pawpaw1000
might scalp it back up to 24...

Why scalp for a few pips with a low R/R when you can find 2-3 break outs a day for 200-300 pips?

You want to scalp because you feel weird not having a trade on the book?

Don't let me stop you, this one is not going to reach 24
  • #208,136
  • Mar 19, 2010 11:27am Mar 19, 2010 11:27am
Attached Image
  • #208,137
  • Mar 19, 2010 11:28am Mar 19, 2010 11:28am
Quoting cloggie
Why scalp for a few pips with a low R/R when you can find 2-3 break outs a day for 200-300 pips?

You want to scalp because you feel weird not having a trade on the book?

Don't let me stop you
perhaps...
@pawpaw1000 on Twitter
  • #208,138
  • Mar 19, 2010 11:29am Mar 19, 2010 11:29am
Quoting pawpaw1000
perhaps...

If you scalp this one I reckon it is going to stop at 50115
  • #208,139
  • Mar 19, 2010 11:30am Mar 19, 2010 11:30am
Quoting pawpaw1000
perhaps...
it is where I lose most of my money and also what I do when I'm bored

maybe cut it out?
@pawpaw1000 on Twitter
  • #208,140
  • Mar 19, 2010 11:31am Mar 19, 2010 11:31am
Whatever happens now.. its funny how many want to call an end to the bear feast again when they were just slapped what 250 pips ago earlier today??

I will wait to see with my much fatter pip account sitting on the bear profits so far. LOL

I will take another position for a scalp if oil breaks its daily low in the next 90 min

B
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