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Cable Update (GBPUSD)

  • #212,861
  • Apr 4, 2010 7:07pm Apr 4, 2010 7:07pm
Quoting wormboy
Here is the chart again:
1. http://www.forexfactory.com/showpost...postcount=5957

Price did not close below major support. Not on mine.
And my stop was placed @1.5170
How is that high risk?



You're right, ALMOST a guessing game. Except it's not.

Good luck with your trades.
I see your logic and it seems like a solid trade to me... Should've seen it myself

well done on the pips brother!
@pawpaw1000 on Twitter
  • #212,862
  • Apr 4, 2010 7:27pm Apr 4, 2010 7:27pm
Quoting pawpaw1000
I see your logic and it seems like a solid trade to me... Should've seen it myself

well done on the pips brother!
Don't kid yourself here Paw.

Friday, NFP, EASTER long weekend.

Market drops a 120 off top.

A buy for a hold on this is MARKET SUICIDE.

Don't be coaxed into the "What I shoulda done".

IF under any normal circumstance you would have taken a long on Friday on a sell market, you would have lost your ass.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #212,863
  • Apr 4, 2010 7:55pm Apr 4, 2010 7:55pm
Quoting Maeglin
as if it was that size malcom
lol.....thankfully you did take it as a joke....
Blogging daily now at www.volume.zone
  • #212,864
  • Apr 4, 2010 8:25pm Apr 4, 2010 8:25pm
Quoting malcolmb14
Why is easy cause recession is NOT over . Here in Vancouver we may be on the brink of the real one to start...
Quoting egkid
I dedicate this song for everyone help to Recovery we are going to it next weeks
http://www.youtube.com/watch?v=RXDpF...eature=related
Recession is over if you not believe check this link out

http://www.forexfactory.com/showthre...ry#post3478852
  • #212,865
  • Apr 4, 2010 8:34pm Apr 4, 2010 8:34pm
Quoting malcolmb14
wow ... 125,000 full time jobs created ..... ( not included 48,000 temp positions) . wow ... AND RECESSION IS OVER .... A GIVE ME A BREAK !!!

Yet unemployment rate is 9.7% (15 mil) , with undeclared unemployment running at 16 % (25 million or the population of canada)
So in other words to get to about 5% unemployment they have to create 8 million jobs. That is 8 years of job growth at 125 k per month . Also how can we suddnely jump from -35 k to +125 k ..... talk about fudged numbers
8 wounder >> Employment rate
  • #212,866
  • Apr 4, 2010 8:47pm Apr 4, 2010 8:47pm
Quoting Bitstream
Whoa didn't expect such a large gap up... Limit sell at 1.5277 placed, hope lady luck shines on me and strikes my 1.5277..
1.5277 was the top of my ATR Band so I deemed it to be a good entry. 1.5277 filled! I was running out the door so didn't have time to write much. My case for the Cable to go down.

1)Fri - NFP results were much better than expected, in fact its a 3 yr record breaker.

2)Mon - Pending Home Sales forcast is -0.7% up from -7.5%. Even if it misses forecast by a bit, say it hits -3%,its still excellent news. You can have a small margin of error and its still good.

By the way how do i attach images? When i click the "Attach image" button, it asks me for a URL, but my chart pic is on my HDD...
  • #212,867
  • Apr 4, 2010 8:52pm Apr 4, 2010 8:52pm
Quoting Bitstream
1.5277 was the top of my ATR Band so I deemed it to be a good entry. 1.5277 filled! I was running out the door so didn't have time to write much. My case for the Cable to go down.

1)Fri - NFP results were much better than expected, in fact its a 3 yr record breaker.

2)Mon - Pending Home Sales forcast is -0.7% up from -7.5%. Even if it misses forecast by a bit, say it hits -3%,its still excellent news. You can have a small margin of error and its still good.

By the way how do i attach images? When i click the "Attach image" button, it asks...
There is also a field to upload an image from your hd
Nil Desperandum Illegitimi Carborundum
  • #212,868
  • Apr 4, 2010 9:09pm Apr 4, 2010 9:09pm
Quoting Bitstream
1.5277 was the top of my ATR Band so I deemed it to be a good entry. 1.5277 filled! I was running out the door so didn't have time to write much. My case for the Cable to go down.

1)Fri - NFP results were much better than expected, in fact its a 3 yr record breaker.

2)Mon - Pending Home Sales forcast is -0.7% up from -7.5%. Even if it misses forecast by a bit, say it hits -3%,its still excellent news. You can have a small margin of error and its still good.

By the way how do i attach images? When i click the "Attach image" button, it asks...
BUT - the latest polls are much better for a Conservative Party win at the election. http://www.bloomberg.com/apps/news?p...d=aThtfWGKAJi0
Nil Desperandum Illegitimi Carborundum
  • #212,869
  • Apr 4, 2010 9:14pm Apr 4, 2010 9:14pm
Quoting rasc00
BUT - the latest polls are much better for a Conservative Party win at the election. http://www.bloomberg.com/apps/news?p...d=aThtfWGKAJi0
The implications of either side winning is still unclear and difficult to quantify. Its like a joker card in the deck. In any case,the election is still a while more... we will play that card when it reaches the top of the deck...

Thank you for binging that to the fore... the elections element had fallen off my radar after the UK GDP announcements.
  • #212,870
  • Apr 4, 2010 10:09pm Apr 4, 2010 10:09pm
Quoting acumen
my little trend line coupled with the PP did work.

i believe i said price would stop there.. it did.

i only look for 25 on a trade.

i didn't take the trade on the g/u but i believe i specifically said e/u... maybe i didn't it.

m
no worries , the way it was written sounded like both
  • #212,871
  • Apr 4, 2010 10:41pm Apr 4, 2010 10:41pm
Quoting pawpaw1000
I see your logic and it seems like a solid trade to me... Should've seen it myself

well done on the pips brother!
Thanks.
Good luck with your trades
Thank You
  • #212,872
  • Apr 4, 2010 10:47pm Apr 4, 2010 10:47pm
pp are my main method. 99 % of the time i do break outs.

Quoting wormboy
Good stuff mike
Do you scalp the pvps off the m15? I do it on the lower ie, m1/m5 as I find the m15 too slow. On high impacts I would allow six bars after the m1 or 1 off the m5 before taking it.
Its all in the mind.
  • #212,873
  • Apr 4, 2010 10:49pm Apr 4, 2010 10:49pm
gu is over extended at this time i see drop to 5220is reigon before heading north again tom

Quoting £Check
morning guys,

the market should move slow again today, but i dont understand why we saw the bounce back to 528x

i see that we will have a fall back to 519x again from this region

what do you guys expect in play?
Its all in the mind.
  • #212,874
  • Apr 4, 2010 10:54pm Apr 4, 2010 10:54pm
Quoting 5abi
pp are my main method. 99 % of the time i do break outs.
makes the two of us. breakouts & day open to gauge strength. only the simple stuff for me. just wondering if mike uses the m15 for the breakouts because my approach to scalp the pvp are almost similar, just that I use a slightly lower tf.
Thank You
  • #212,875
  • Apr 4, 2010 10:56pm Apr 4, 2010 10:56pm
Quoting Ctic
What I don't get, if he is a day trader, and lives in the U.S. why is he trading at night? Last time I looked out my window it is pitch black.. lol. Sorry, had to throw a little humor in the situation.
wht are you doing up ctic , or are you a swing trader and like the night life lol
  • #212,876
  • Apr 4, 2010 10:58pm Apr 4, 2010 10:58pm
Quoting acumen
too damn stressful.

i day trade now.

25 to 30 PIPS then pull stops to BE or look for the next trade.

thanks.

PS - all the videos are free.

okay.
now I would think the opposite! m15 scalps for me, that would be stressful. just waiting for one bar to finish, i'll probably bite my fingers off lol

thanks
Thank You
  • #212,877
  • Apr 4, 2010 11:01pm Apr 4, 2010 11:01pm
Quoting acumen
you have to have a customer prior to finding new ones.

i haven't sold one copy so keep you thong on.

however... from the tone of your posts you might want to watch the videos and pick up some pointers on how to trade.

m
Interesting video and good stuff. But, I still like my fibs better. ended to the pip before NFP @ 161.8. could of placed short in w/ stop above 161.8 and ride down.
http://www.forexfactory.com/showpost...&postcount=196
  • #212,878
  • Apr 4, 2010 11:02pm Apr 4, 2010 11:02pm
Quoting wormboy
okay.
now I would think the opposite! m15 scalps for me, that would be stressful. just waiting for one bar to finish, i'll probably bite my fingers off lol

thanks
ah wormie you would do just fine with your kung fu mastery
  • #212,879
  • Apr 4, 2010 11:03pm Apr 4, 2010 11:03pm
Quoting Ctic
Interesting video and good stuff. But, I still like my fibs better. ended to the pip before NFP @ 161.8. could of placed short in w/ stop above 161.8 and ride down.
http://www.forexfactory.com/showpost...&postcount=196
you can take a naked chart... put fibs on it... use MM and beat the market every single day.

m
  • #212,880
  • Apr 4, 2010 11:08pm Apr 4, 2010 11:08pm
Quoting acumen
you can take a naked chart... put fibs on it... use MM and beat the market every single day.

m
That is exactly what I do. Those that know me in here know that I am very good with the fibs. That chart that was posted there was the fib for the weekly candle. All week up till friday, bulls drove it up to that 161.8, hard pressed to go beyond that.
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