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Cable Update (GBPUSD)

  • #214,821
  • Apr 8, 2010 10:20am Apr 8, 2010 10:20am
Looking at my 15 and 30 mins repectively cable still have the power to hit 1.5302 and from there I think we may see it coming down. Well, looking at the forum posts, traders still believe that DP is not yet broken. But if you take a look at your Stoch and RSI you will see that sellers are just prediciting not using the real tools men. Common, I bought at today first support ad I came out live with 100 pips. I still believe that 1.5302, today first resistance line, is a good one to consider this time. 4H chart is shooting up Moving Averages are crosing upward signifying and upward trend.
  • #214,822
  • Apr 8, 2010 10:28am Apr 8, 2010 10:28am
Hey everybody look at you 15 minutes chart and check the last candle. A good one for the trend.
  • #214,823
  • Apr 8, 2010 10:34am Apr 8, 2010 10:34am
Quoting pawpaw1000
oooookkkkaaaaayyyy...

that is freaking ridiculous!!! WOW! I'm actually drooling...

You do trading fulltime I presume?

You have like 10 people trading under you or something..

Am truly awed!
You are also easy to tease ..
******************* I'd rather make money than be right.
  • #214,824
  • Apr 8, 2010 10:34am Apr 8, 2010 10:34am
Quoting tundeakins
Hey everybody look at you 15 minutes chart and check the last candle. A good one for the trend.
If by trend, you mean sideways....

You can look at the last 7 days.

LOL
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #214,825
  • Apr 8, 2010 10:48am Apr 8, 2010 10:48am
Quoting 5abi
between 2 - 3 p and 6-7 east time, reversals happen due to mostly profit taking. in any case, most action is between 2 am est and 11 am est. i have found these hours to be better for trading. Asian session my worst.

Just been looking at your monthly analytics for this calendar year, your percentage is getting progressively worse. Is there any reason for this (apart from the obvious) ie have you been taking bigger risks or is it because you seem to prefer long trades and the £/$ has been weakening?

Also, is this a report you get through your broker or is it something you have knocked up yourself to keep a track of your trades?
  • #214,826
  • Apr 8, 2010 10:52am Apr 8, 2010 10:52am
While I was out to lunch I found out that our little friend was out a little late last night and slept through the first half of the NY session....I left him a little surpise under the tree to wake him up! Let see if it works

http://1.bp.blogspot.com/_Dui8IAY9uq...0/deadbear.jpg
  • #214,827
  • Apr 8, 2010 10:55am Apr 8, 2010 10:55am
Quoting 4xStar
You are also easy to tease ..
aah darnit...

you got me!!!
@pawpaw1000 on Twitter
  • #214,828
  • Apr 8, 2010 10:56am Apr 8, 2010 10:56am
My .2 cents #456
  • #214,829
  • Apr 8, 2010 10:56am Apr 8, 2010 10:56am
report is broker feed from oanda. I dont trade much on that account at the moment- the other broker I have is not supported by myfxbook.

thanks for your observation, I feel an urge to bring that account up to speed

Quoting OldReigatian
Just been looking at your monthly analytics for this calendar year, your percentage is getting progressively worse. Is there any reason for this (apart from the obvious) ie have you been taking bigger risks or is it because you seem to prefer long trades and the £/$ has been weakening?

Also, is this a report you get through your broker or is it something you have knocked up yourself to keep a track of your trades?
Its all in the mind.
  • #214,830
  • Apr 8, 2010 10:58am Apr 8, 2010 10:58am
Quoting TheLastCoke
My .2 cents #456
hey there,

Anyone can draw a bunch of lines on a chart but nobody really knows where we going...

Yes, we are in a wedge and when it breaks we will move ALOT! but no one knows where...

good guess though.
@pawpaw1000 on Twitter
  • #214,831
  • Apr 8, 2010 11:00am Apr 8, 2010 11:00am
Quoting pawpaw1000
aah darnit...

you got me!!!
If you want to see the original pic...
You can save as bg to remind yourself of the toys awaiting the successful trader
Attached Image (click to enlarge)
Click to Enlarge Name: successful-trader.jpg Size: 52 KB
******************* I'd rather make money than be right.
  • #214,832
  • Apr 8, 2010 11:00am Apr 8, 2010 11:00am
Quoting pawpaw1000
hey there,

Anyone can draw a bunch of lines on a chart but nobody really knows where we going...

Yes, we are in a wedge and when it breaks we will move ALOT! but no one knows where...

good guess though.
With all due respect, there is a ABCDE count for that pennant. That count can can give you a BIG ''guess''.
  • #214,833
  • Apr 8, 2010 11:04am Apr 8, 2010 11:04am
14oo cloggs, and we starting down HOPING!
@pawpaw1000 on Twitter
  • #214,834
  • Apr 8, 2010 11:05am Apr 8, 2010 11:05am
Quoting 5abi
report is broker feed from oanda. I dont trade much on that account at the moment- the other broker I have is not supported by myfxbook.

thanks for your observation, I feel an urge to bring that account up to speed
do you know if fxcm supports myfxbook? Would love to give it a try. My cruddy old excel spreadsheets are a pain to keep updated and although the pivot tables are good, I am sure an off the shelf would do it much better.

Also on 15 minute chart of gu and gbp/eur the trend lines have pulled apart significantly enough for me to consider that both gu short is worth going for and a gbp/eur is worth going for reason being is they always pull apart and then come back together.

Its a good marker for me from an entry point perspective.
  • #214,835
  • Apr 8, 2010 11:07am Apr 8, 2010 11:07am
fxcm standard? last i checked no they dont. MT4 different story.

Quoting OldReigatian
do you know if fxcm supports myfxbook? Would love to give it a try. My cruddy old excel spreadsheets are a pain to keep updated and although the pivot tables are good, I am sure an off the shelf would do it much better.
Its all in the mind.
  • #214,836
  • Apr 8, 2010 11:10am Apr 8, 2010 11:10am
Quoting TheLastCoke
With all due respect, there is a ABCDE count for that pennant. That count can can give you a BIG ''guess''.
Daily chart may play on this pattern also coke
Attached Image (click to enlarge)
Click to Enlarge Name: gud1_090410.gif Size: 34 KB
  • #214,837
  • Apr 8, 2010 11:20am Apr 8, 2010 11:20am
Quoting special0nefx
Daily chart may play on this pattern also coke
thats the one i'm liking
@pawpaw1000 on Twitter
  • #214,838
  • Apr 8, 2010 11:21am Apr 8, 2010 11:21am
Quoting special0nefx
Daily chart may play on this pattern also coke
Honestly, I just see this as a double bottom for now as I posted it before. The neck for this W will have to decide.
  • #214,839
  • Apr 8, 2010 11:24am Apr 8, 2010 11:24am
Well, both my 4hr and 1hr wedge have been broken to the upside...Now we must hope 5280 holds and sends us back down.

My 5360 and 5275 stops are moved to 5290 to cut my loses if 5280-85 doesnt hold and will reevaluate from there.

Attached Image (click to enlarge)
Click to Enlarge Name: 4hrbreak.jpg Size: 247 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 1hrbreak.jpg Size: 248 KB


On a good note....The U/J is acting just as planned
  • #214,840
  • Apr 8, 2010 11:29am Apr 8, 2010 11:29am
Quoting TheLastCoke
Honestly, I just see this as a double bottom for now as I posted it before. The neck for this W will have to decide.
The reason i stick to this because she still inside correction zone. This will be wave 4 for EW count. Therefore wave 5 will be going down
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