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Cable Update (GBPUSD)

  • #212,921
  • Apr 5, 2010 2:08am Apr 5, 2010 2:08am
Quoting kill56
take it man its too sexy look at the fiber

it will be a crazy day till the US
ah wouldnt have it any other way lol
  • #212,922
  • Apr 5, 2010 2:18am Apr 5, 2010 2:18am
Nice solid base formed up at around 1.5225. If it breaks this, we should be able to see 1.5190. Currently holding my shorts from 1.5277, waiting to hit my target of 1.5200, then I'll be done for the day. 1.5525 should be good for some long scalps, but beware, the fundamentals are not supporting any Longs.

Cheers
  • #212,923
  • Apr 5, 2010 2:18am Apr 5, 2010 2:18am
Quoting bbakker
No takers then?
I take it. Long now.
(Although it is a bit against my signals.)

M15 Chart
http://i39.tinypic.com/5ciu0l.jpg

H1 Chart
http://i44.tinypic.com/fyhnyx.jpg
Smile Chankl78
  • #212,924
  • Edited 4:12am Apr 5, 2010 2:19am | Edited 4:12am
Quoting acumen
Additionally... my thoughts on tonight worked out well on the e/u also.

Mike

http://www.youtube.com/watch?v=M4S4v0PeKd8
Working out just like you said although it breached (EDIT: touched on MT4, lol) your trendline on opening I am sure Tuesday will confirm the direction.

Nice video, what do you use for your capture application?

Just got round to watching this so it is nice to see some confirmation of my short position I opened last night, but I'm giving the scalping a miss.
  • #212,925
  • Apr 5, 2010 2:21am Apr 5, 2010 2:21am
Quoting chankl78
I take it. Long now.
(Although it is a bit against my signals.)
If it is AGAINST your signals, why are you taking it? For a quick scalp?
  • #212,926
  • Apr 5, 2010 2:22am Apr 5, 2010 2:22am
Quoting bbakker
If it is AGAINST your signals, why are you taking it? For a quick scalp?
Yup. of cos.
Smile Chankl78
  • #212,927
  • Apr 5, 2010 2:30am Apr 5, 2010 2:30am
Quoting chankl78
Yup. of cos.
It would help distinguish your trades. I'm guilty of non-declaration too, but I avoid scalping unless the day's range is unperturbed.
  • #212,928
  • Apr 5, 2010 2:36am Apr 5, 2010 2:36am
Quoting kill56
take it man its too sexy look at the fiber

it will be a crazy day till the US
Fibre bounced of the 1st support line @13473. Maybe open a short if it gets back to just below DP. Need to bath the kids now as one has had an explosion
  • #212,929
  • Apr 5, 2010 2:37am Apr 5, 2010 2:37am
Quoting bbakker
It would help distinguish your trades. I'm guilty of non-declaration too, but I avoid scalping unless the day's range is unperturbed.
Agreed... this is not an ideal market for scalping, but if you managed to catch the GU at 1.5225, one could have made some tidy change by now... still I think the risk is not worth the 10-15 pips
  • #212,930
  • Edited 2:57am Apr 5, 2010 2:46am | Edited 2:57am
Quoting Bitstream
Agreed... this is not an ideal market for scalping, but if you managed to catch the GU at 1.5225, one could have made some tidy change by now... still I think the risk is not worth the 10-15 pips
Too quiet... testing 15240 again as I write this.

Can't wait for nappy free day

EDIT: and back to DP
  • #212,931
  • Apr 5, 2010 2:49am Apr 5, 2010 2:49am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Thanks Magix!

I think they have made it private now and I haven't chatted in a long time. Will try to pop and see if I can gain access to his room.

Yup, indeed it is helpful to have ma's on chart. Even banks use them with S/R levels and gauging price.

Thanks matey, you are a good trader yourself with no bias of price just what you see, and that makes you a well deserved candidate for my vouch!

Hope all goes good for us in the end.

ta
ams


Quoting Magix
Last time I was in chat with Mike was at at the hideout....
  • #212,932
  • Apr 5, 2010 2:52am Apr 5, 2010 2:52am
I see you have me in mind.... Tell me......


Quoting Ctic
OK, last option here then... Call this guy....

[center]fendi
Member

Member Since Mar 2008
189 Posts
fendifx G/U Bias still Long
[color=blue][font=Verdana]Are...
  • #212,933
  • Apr 5, 2010 2:54am Apr 5, 2010 2:54am
Quoting bbakker
Fibre bounced of the 1st support line @13473. Maybe open a short if it gets back to just below DP. Need to bath the kids now as one has had an explosion
Hi bbakker,

Would you like give CHART PATTERN for Confirm, please...
You're SENIOR Member Now (with 4 Vouch)
Always looking the GREAT, never left GOOD Point...
  • #212,934
  • Apr 5, 2010 3:03am Apr 5, 2010 3:03am
I think ctic has a problem that needs to be checked out, if i am the man he's referring to then i am right here. Give it to me now...



Quoting javapips
becarefull C...,everyone could be Wrong and have some mistakes,...don't always use him as a 'target' or you will have bad luck...

hope green pips for you..,
  • #212,935
  • Apr 5, 2010 3:11am Apr 5, 2010 3:11am
Interesting seeing people talk about you even in your absent. I made entries based on short and long term, at the point where someone is here is referring to the trend short term was long, so i don't get it. why the beef??
  • #212,936
  • Apr 5, 2010 3:11am Apr 5, 2010 3:11am
Quoting ams
Thanks Magix!

I think they have made it private now and I haven't chatted in a long time. Will try to pop and see if I can gain access to his room.

Yup, indeed it is helpful to have ma's on chart. Even banks use them with S/R levels and gauging price.

Thanks matey, you are a good trader yourself with no bias of price just what you see, and that makes you a well deserved candidate for my vouch!

Hope all goes good for us in the end.

ta
ams
hi man

u are a good trader have been here for awhile why not share with us some of u knowledge and join the voodoo boodoo club
  • #212,937
  • Apr 5, 2010 3:32am Apr 5, 2010 3:32am
Quoting ams
Thanks Magix!

I think they have made it private now and I haven't chatted in a long time. Will try to pop and see if I can gain access to his room.

Yup, indeed it is helpful to have ma's on chart. Even banks use them with S/R levels and gauging price.

Thanks matey, you are a good trader yourself with no bias of price just what you see, and that makes you a well deserved candidate for my vouch!

Hope all goes good for us in the end.

ta
ams
Nah, not private.

I logged in, said hi to some of the traders, talked some stocks and seen the forex chat still in session.

Free membership, and even without, you can still view MP's threads and forex charting school.

Pop in and say hi, friendly group over there, but not that much about forex, except what MP does with his clan. Separate section for the forex, and the chat, when I was in chat, was me, a bot and one guy. Not much chatting.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #212,938
  • Apr 5, 2010 3:35am Apr 5, 2010 3:35am
Quoting Tsar
Hi bbakker,

Would you like give CHART PATTERN for Confirm, please...
You're SENIOR Member Now (with 4 Vouch)
Don't really do fibre much and try to concentrate on cable, but they do go hand in hand, so I'll try my best!

I am still trying to work out the MT4 tools without the manual No need to RTFM, but getting there slowly. Here is my 1st attempt

Attached Image (click to enlarge)
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DP (GMT) and 1st S/R are in red, trend in yellow. Blue area might be a sell area for me with either a tight SL above DP or it might reach R1, so give it more room to breath for the long-term, so a SL above R1 and even better... slightly above last week's high. I will decide nearer the time and on PA, although there is a distinct lack of that today.

Don't do what I say, you have your own mind to make your own decisions
  • #212,939
  • Apr 5, 2010 3:36am Apr 5, 2010 3:36am
Quoting fendi
Interesting seeing people talk about you even in your absent. I made entries based on short and long term, at the point where someone is here is referring to the trend short term was long, so i don't get it. why the beef??
I think what Ctic was saying...

That your targets were absolutely remiss and that your charting abilities even more so based on the bullish forecasts on a sliding market.

After boasting about writing books we would have read, and coming up with really bad calls, I think he really questions the value of anything that might be offered in any of your writing.

But, this is just a guess....don't quote me on it.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #212,940
  • Apr 5, 2010 3:39am Apr 5, 2010 3:39am
we in this range..may go either way..if it goes up then bull flag
Attached Image (click to enlarge)
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