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Cable Update (GBPUSD)

  • #210,941
  • Mar 27, 2010 7:09pm Mar 27, 2010 7:09pm
darn we are crackforex heads

hey magix whats for dinner bro
  • #210,942
  • Mar 27, 2010 8:02pm Mar 27, 2010 8:02pm
Quoting kill56
darn we are crackforex heads

hey magix whats for dinner bro
Broccoli cheddar rice and BBQ Chicken.

Old Skewl!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #210,943
  • Mar 27, 2010 8:15pm Mar 27, 2010 8:15pm
what you think about this tool???

thanks.
Attached Image
  • #210,944
  • Mar 27, 2010 9:25pm Mar 27, 2010 9:25pm
Sentiment:- Bearish
Reason:-

  1. Fundamental – There are a lot of uncertainties in politics and economy. Budget deficit is also increasing.
  2. Technical – GBPUSD is having minor pullback (retracing to Wave 4 zone) after slightly strong bearish movement. http://myinvest888.files.wordpress.c...ng?w=484&h=198
    Compare to EURUSD, GBPUSD bearish strength is not as strong as EURUSD. Furthermore, until today, GBPUSD still unable to break 1.4780.

To do:-

  1. Retracement trend trading – I will monitor the movement of GBPUSD on H4 to add short position.
    http://myinvest888.files.wordpress.c...ng?w=484&h=248

  • #210,945
  • Mar 28, 2010 5:10am Mar 28, 2010 5:10am
Dear Senior traders
Many thanks to all who took
the precious time to share with newbies
like me on the mkt general direction
and forces that propels it.

cheers

IMHO pound is preety volatile right now.
if u r scalping than there are pips to be made
  • #210,946
  • Mar 28, 2010 5:34am Mar 28, 2010 5:34am
We'll be going into next week still looking to sell rallies (scalping excluded).
D1 bearish flag is valid. Previous H4 close before friday's fixing also indicated that buyers are not in control. Will only look to revert to buying if price can close above 5000 handle.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gudd.GIF Size: 17 KB
Click to Enlarge Name: guh4.gif Size: 27 KB
Thank You
  • #210,947
  • Mar 28, 2010 5:39am Mar 28, 2010 5:39am
Questions of bullish divergence was raised last friday.
That remains to be seen.
Attached chart below shows that the previous divergence retraced towards 50% fib level & sold off. Again, last Friday's divergence retraced & tested at the 50% level, & failed to close above.
We're not ruling out a bullish move but, at this point we have more reasons to remain bearish, only negated by a breach of 5000 handle.
Time will tell.
Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: guh1.gif Size: 38 KB
Thank You
  • #210,948
  • Mar 28, 2010 5:58am Mar 28, 2010 5:58am
Quoting malcolmb14
so much foir my theories of yesterday

though yeah baby hit it 1.4900 for sure wake up with 150 pip in bag ...lol instead woke up stopped out.
malcolmb , you are such a great market chartist, however you lost this time because you were contrarian to your previous posts of taking 25 -50 pips. You didn't see the bottom at 1.48 and take profits and then re-enter. I know that when you have other commitments to look after and also sleep is not easy those days to make long term guesses with tight SL..But you were covered in losses as you sorted in another trade higher...

You ve prooven time and time again your skills, and also your honest character admiting lost trades..
  • #210,949
  • Mar 28, 2010 6:13am Mar 28, 2010 6:13am
Quoting wormboy
Questions of bullish divergence was raised last friday.
That remains to be seen.
Attached chart below shows that the previous divergence retraced towards 50% fib level & sold off. Again, last Friday's divergence retraced & tested at the 50% level, & failed to close above.
We're not ruling out a bullish move but, at this point we have more reasons to remain bearish, only negated by a breach of 5000 handle.
Time will tell.
Good luck.
darn wormy thats too sexy chart for the room its horny too
  • #210,950
  • Mar 28, 2010 6:21am Mar 28, 2010 6:21am
Quoting kill56
good call bad call great call nice chart bad chart bad ppl good ppl

we do learn every day from each others

why making a fusssss about a bad call and forget about the hard work these ppl do every day to teach no body is perfect dam it why not give them a break

thanks for all the hard work from the great ppl in the room and the heck with ppl come here to showoff
here we go again
  • #210,951
  • Mar 28, 2010 6:31am Mar 28, 2010 6:31am
Quoting kill56
darn wormy thats too sexy chart for the room its horny too
kill ... you are one horny 54 year old man!
Thank You
  • #210,952
  • Mar 28, 2010 6:41am Mar 28, 2010 6:41am
Quoting wormboy
kill ... you are one horny 54 year old man!
how did u know bro
  • #210,953
  • Mar 28, 2010 6:45am Mar 28, 2010 6:45am
Quoting kill56
how did u know bro
  • #210,954
  • Mar 28, 2010 7:28am Mar 28, 2010 7:28am
a nice but not sexy toy to play with old file i found in my pc
Attached Image (click to enlarge)
Click to Enlarge Name: ndaily cable.gif Size: 32 KB
Attached File(s)
File Type: mq4 Golden_section_v3.2.mq4   48 KB | 343 downloads
  • #210,955
  • Mar 28, 2010 7:30am Mar 28, 2010 7:30am
Quoting wormboy
Questions of bullish divergence was raised last friday.
That remains to be seen.
Attached chart below shows that the previous divergence retraced towards 50% fib level & sold off. Again, last Friday's divergence retraced & tested at the 50% level, & failed to close above.
We're not ruling out a bullish move but, at this point we have more reasons to remain bearish, only negated by a breach of 5000 handle.
Time will tell.
Good luck.
May be I am wrong....but I think that it is going to range atleast till friday, then it will depend on the figures nfp....

Kind regards
mkashif
  • #210,956
  • Mar 28, 2010 7:48am Mar 28, 2010 7:48am
tsar msn bro
  • #210,957
  • Mar 28, 2010 11:03am Mar 28, 2010 11:03am
Quoting cosmoras
malcolmb , you are such a great market chartist, however you lost this time because you were contrarian to your previous posts of taking 25 -50 pips. You didn't see the bottom at 1.48 and take profits and then re-enter. I know that when you have other commitments to look after and also sleep is not easy those days to make long term guesses with tight SL..But you were covered in losses as you sorted in another trade higher...

You ve prooven time and time again your skills, and also...

thanks .. this was not a losing trade .. just break even but frustrating for sure not taking 50 pip on that one.

you are right this market is not the kind of market to take swing trades

However I started looking at charts carefully and noticed atr on dialy is about 150 right now , so I am aiming to take trades of 100 pip rather than 25 to 50 pip. In other words trying to pick tops and bottoms of days

Oddly enough I said to my trading partner that night before bed , that we should take profit 1.4810 and run it up back to 1,4900 as i could see buyers coming in , but the plan was to see if that weakness in dj would follow thru Friday and take gu down thru support.

There is always next week to grab a few pips.... and other trades will always be there
Blogging daily now at www.volume.zone
  • #210,958
  • Mar 28, 2010 11:10am Mar 28, 2010 11:10am
Quoting kill56
a nice but not sexy toy to play with old file i found in my pc
Hello bro
Wish u nice green week
Nice but hard to understand it same concept like this
Attached Image (click to enlarge)
Click to Enlarge Name: larry.gif Size: 31 KB
  • #210,959
  • Mar 28, 2010 11:14am Mar 28, 2010 11:14am
Quoting malcolmb14
thanks .. this was not a losing trade .. just break even but frustrating for sure not taking 50 pip on that one.

you are right this market is not the kind of market to take swing trades

However I started looking at charts carefully and noticed atr on dialy is about 150 right now , so I am aiming to take trades of 100 pip rather than 25 to 50 pip. In other words trying to pick tops and bottoms of days

Oddly enough I said to my trading partner that night before bed , that we should take profit 1.4810 and run it up back to 1,4900 as i could see...
Hello bro
I know it's g/u thread but have a question
What's ur view about aud/jpy Up or down on long TF

Thanks
  • #210,960
  • Mar 28, 2010 11:20am Mar 28, 2010 11:20am
Quoting egkid
Hello bro
Wish u nice green week
Nice but hard to understand it same concept like this
hey bro greeny all the way best of luck

bro when i look at it i see this thats way its not sexy

thats why i am going west cairo in the middle now
Attached Image
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