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Cable Update (GBPUSD)

  • #213,101
  • Apr 5, 2010 2:57pm Apr 5, 2010 2:57pm
Quoting mary4x
Malcolm, I would love to follow along as you help BadTradingFi. If you're open to that, how would it happen? Make it a Rookie or a Journal thread or something?

u have to join the voodoo boodoo club
  • #213,102
  • Apr 5, 2010 3:06pm Apr 5, 2010 3:06pm
Quoting kill56
u have to join the voodoo boodoo club
Don't forget the voodoo doll of cable. It's like pin the tail on the donkey, a lot harder than it looks!

P.S. What's the secret password, my doll is ready (I have plenty of them with two young girls!)
  • #213,103
  • Apr 5, 2010 3:07pm Apr 5, 2010 3:07pm
room dos any body loking at the cady as an indicator its almost a darn US dollar

dannnnnnn its oil
  • #213,104
  • Apr 5, 2010 3:11pm Apr 5, 2010 3:11pm
Quoting bbakker
Don't forget the voodoo doll of cable. It's like pin the tail on the donkey, a lot harder than it looks!

P.S. What's the secret password, my doll is ready (I have plenty of them with two young girls!)
only the queen have it i will ask her to pass it to u the wise man have it for sure he is the king
  • #213,105
  • Apr 5, 2010 3:18pm Apr 5, 2010 3:18pm
Quoting mary4x
Malcolm, I would love to follow along as you help BadTradingFi. If you're open to that, how would it happen? Make it a Rookie or a Journal thread or something?
that would be a good idea for a thread, maybe just a short one, if they are open to it. Often the best way to learn in this business is look back at the losing trades to see what went wrong
Blogging daily now at www.volume.zone
  • #213,106
  • Apr 5, 2010 3:21pm Apr 5, 2010 3:21pm
I've been looking over my shoulder for more than a month; trying to spot the 'war' to justify the oil price... It sure isn't consumption.
That said, it is increasingly difficlt for me to correlate the PA's of any of the currency pairs. Certainly G/C is not trading as it should. My guess is that the weaker currencies are loosing the 'race to devalue' competition. This makes sense because their central banks do not have the clout to move the prices.

I need some moral support in my thinking. Could someone please analyse my chart?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 22 KB
Ah Luv the smell of a good prediction in the mornin!
  • #213,107
  • Apr 5, 2010 3:21pm Apr 5, 2010 3:21pm
Quoting kill56
i will be trading this sh;;;;;;;;;;;;;;;;;t when i look at dixy hanging above 80. eur under 13500 no way in hell cable is going to break that darn 15330 the hek with it it will come back to me

i might be wrong and i am crazy
hey Kill, this is not about the direction long or short,floating is floating,...add another position without close that could finish your acc,...keep trading like that and someday i will say bye bye to you...


but i hope you are lucky this time...

i have short too right know... let's wait till London Open..,what?? still to long so let me sleep first...
I will be the number one Manager.
  • #213,108
  • Apr 5, 2010 3:22pm Apr 5, 2010 3:22pm
Quoting malcolmb14
that would be a good idea for a thread, maybe just a short one, if they are open to it. Often the best way to learn in this business is look back at the losing trades to see what went wrong
Bookkeeping is an arduous task, but will pay dividends once studied!
  • #213,109
  • Apr 5, 2010 3:23pm Apr 5, 2010 3:23pm
how r u guys??? what u think guys short or long ??
NB thank you kill56 for the mail
  • #213,110
  • Apr 5, 2010 3:28pm Apr 5, 2010 3:28pm
Quoting malcolmb14
usd news nfp all good
housing news smoking ...

so now lets look at chart

clear sellers at top of channel 1.5300. We have to wait for next session to see reaction to this. So far I have only seen calls of 1.7000..lol.... that cracked me up but each to their own .
GU could be in this 400 pip wide channel for weeks still .
All I know for now is we saw sellers on NFP . LOW volume testing top iof channel in non existant session last 24 hours and now selling off that channel top on 60 / 30 and 15m in volumes.

At the monent I...
1.70 Well ....My chart Not suggest that at all Beside
Government debt in the United Kingdom he reaches 11.4% , Any way as u said Each to their OWN

My view still the same
http://www.forexfactory.com/showthre...11#post3607311
  • #213,111
  • Apr 5, 2010 3:29pm Apr 5, 2010 3:29pm
Quoting javapips
hey Kill, this is not about the direction long or short,floating is floating,...add another position without close that could finish your acc,...keep trading like that and someday i will say bye bye to you...


but i hope you are lucky this time...

i have short too right know... let's wait till London Open..,what?? still to long so let me sleep first...
I'm sure the wise old man has his SL in there. You don't say bye bye to wise old men (Remember, he is 53 and he has been in the game for 6 years)
  • #213,112
  • Apr 5, 2010 3:30pm Apr 5, 2010 3:30pm
Quoting javapips
hey Kill, this is not about the direction long or short,floating is floating,...add another position without close that could finish your acc,...keep trading like that and someday i will say bye bye to you...


but i hope you are lucky this time...

i have short too right know... let's wait till London Open..,what?? still to long so let me sleep first...
good luck to u

and if i ad i close as soon as it gives me some green till now i am realy happy i could close @ 15330 and still up thank god
  • #213,113
  • Apr 5, 2010 3:41pm Apr 5, 2010 3:41pm
Quoting bbakker
I'm sure the wise old man has his SL in there. You don't say bye bye to wise old men (Remember, he is 53 and he has been in the game for 6 years)
53 yes old hell no active yes darn the new baby is coming soon any day now and its a boy
  • #213,114
  • Apr 5, 2010 3:42pm Apr 5, 2010 3:42pm
I always look for the ema's to crunch together into
a tight compression pattern such as this on the 1m.

Seems to always signals sudden imminent movement
to follow. The magnitude often depends on the tf.

Want to know the direction.... never ask me. Higher
tf's help which also may be developing compression.

Dr. D.
Attached Image
  • #213,115
  • Apr 5, 2010 3:42pm Apr 5, 2010 3:42pm
Quoting Tsar
Hi bbakker,

Would you like give CHART PATTERN for Confirm, please...
You're SENIOR Member Now (with 4 Vouch)
Quoting bbakker
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

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...
Attached Image (click to enlarge)
Click to Enlarge Name: eu_050410_2100_1hr.gif Size: 27 KB


How's that for the conclusion on my 1st MT4 chart? Not bad for a beginner Now only if I hadn't moved my SL so early, ROFL!
  • #213,116
  • Apr 5, 2010 3:53pm Apr 5, 2010 3:53pm
Quoting kill56
53 yes old hell no active yes darn the new baby is coming soon any day now and its a boy
Congrats man! Your nappy days are just about to start I've had to deal with 3 explosions today, one was everywhere!

The youngest one will be turning 2 soon, potty training is just around the corner, hallef**kinglujah!
  • #213,117
  • Apr 5, 2010 4:01pm Apr 5, 2010 4:01pm
Quoting fourxtrader
I always look for the ema's to crunch together into
a tight compression pattern such as this on the 1m.

Seems to always signals sudden imminent movement
to follow. The magnitude often depends on the tf.

Want to know the direction.... never ask me. Higher
tf's help which also may be developing compression.

Dr. D.
how about the 5 minute chart Dr? not yet? if the market still like this till London open do you think 5 minute ema's will together?
I will be the number one Manager.
  • #213,118
  • Apr 5, 2010 4:05pm Apr 5, 2010 4:05pm
Quoting bbakker
Congrats man! Your nappy days are just about to start I've had to deal with 3 explosions today, one was everywhere!

The youngest one will be turning 2 soon, potty training is just around the corner, hallef**kinglujah!
love family this the fifth the youngest she is 18 medical school in north carolina and the oldest 28
  • #213,119
  • Apr 5, 2010 4:12pm Apr 5, 2010 4:12pm
Quoting kill56
love family this the fifth the youngest she is 18 medical school in north carolina and the oldest 28
Never too old to add, but certainly left a big gap, just like cable on opening yesterday

I am going to put some a sell order in for 15315 with a SL at 15335 before I go to bed, if it hasn't already hit my open. I will leave fibre for now and have another peek in the morning.
  • #213,120
  • Apr 5, 2010 4:14pm Apr 5, 2010 4:14pm
Quoting javapips
how about the 5 minute chart Dr? not yet? if the market still like this till London open do you think 5 minute ema's will together?

Less than 5 min after the previous post it did shoot up a bit only
to test the previous weekly high which seems to be the barrier
at 1.5297 but didn't close above. On the lower end we have the
weekly open at 1.5279... so a narrow range that needs to be
decisively broken.

The 5m and higher are all separating in their ema patterns. I
should have said, the higher tf compression or separation patterns
developing may give direction.

Dr. D.
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