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Cable Update (GBPUSD)

  • #215,261
  • Apr 9, 2010 7:59am Apr 9, 2010 7:59am
Quoting BadTradingFi
[left]...
Please add references to your cut and paste jobs, most of them out there are just junkmail and would be nice to know its source to judge its usefullness.
  • #215,262
  • Apr 9, 2010 8:01am Apr 9, 2010 8:01am
Did I say up???
I meant down...

Have a nice weekend
  • #215,263
  • Apr 9, 2010 8:01am Apr 9, 2010 8:01am
Quoting OldReigatian
Made the big mistake of reading posts, changing my mind, rather than sticking with my strategy................ bang goes 100 pips today.

If I had stuck to my own beliefs we would have hit the 1.5380 and been up instead of down. Note to self: Dont change your strategy based on others.

Don't know what posts you have been reading but most of us called 538 this morning.
  • #215,264
  • Apr 9, 2010 8:02am Apr 9, 2010 8:02am
Quoting kill56
lets see if the dixy break above 81.50 we need that for shorts
Dixy Dean? He must be more than 81.5 years old by now, surely

In all seriousness, I really need dixy to break 81.5 cos I've collected my thoughts, sorted out my trades, going back to my beliefs and that is that despite what Malcolm's HMA says - I think it's going down!!!!!!!!!!!
  • #215,265
  • Apr 9, 2010 8:04am Apr 9, 2010 8:04am
Quoting egkid
Hi Mal
Well done bro wasn't easy week
http://www.forexfactory.com/showthre...11#post3607311

whats up bro its crazy friday how are u
  • #215,266
  • Apr 9, 2010 8:06am Apr 9, 2010 8:06am
Quoting cloggie
Please add references to your cut and paste jobs, most of them out there are just junkmail and would be nice to know its source to judge its usefullness.
Sorry, just added, from http://www.investica.co.uk/comment.htm and the only reason I saw it was because of it appearing on a scrolling news feed thing.
Back to basics, it has to be for me!
  • #215,267
  • Apr 9, 2010 8:07am Apr 9, 2010 8:07am
Quoting cloggie
On your first chart with the rounded top the PA crossed below the ma, actually technically the ma crossed above the PA
aah, sorry but when you said ma cross I thought you were talking bout the cross of say 50ma with 25ma...

Anyhow, Like I said this morning, I am biased south and dont see this baby going higher than 5420, not this week or next week!!!

Theres a freaking election soon with a very possible loss for ruling party with the ones replacing looking to cut spending and be more efficient...

I personally agree that bailing out etc is not good, but the market loves that shite...

This baby is going FAAAAAR down, and soon. Next week?
@pawpaw1000 on Twitter
  • #215,268
  • Apr 9, 2010 8:07am Apr 9, 2010 8:07am
Quoting OldReigatian
Dixy Dean? He must be more than 81.5 years old by now, surely

In all seriousness, I really need dixy to break 81.5 cos I've collected my thoughts, sorted out my trades, going back to my beliefs and that is that despite what Malcolm's HMA says - I think it's going down!!!!!!!!!!!

man dont misss with mal he is a voodoo boodoo its friday but i think we will kiss 15400 then down from there
  • #215,269
  • Apr 9, 2010 8:09am Apr 9, 2010 8:09am
Quoting cloggie
Out at 534, this is not going anywhere, no solid PA below 534 to write home about.
I'm sticking with mine for the moment!
  • #215,270
  • Apr 9, 2010 8:10am Apr 9, 2010 8:10am
Quoting OldReigatian
Made the big mistake of reading posts, changing my mind, rather than sticking with my strategy................ bang goes 100 pips today.

If I had stuck to my own beliefs we would have hit the 1.5380 and been up instead of down. Note to self: Dont change your strategy based on others.
I agree about 75%. I've had a brilliant new perspective this week thanks to people here. I've followed some trades, ignored others, and changed my mind because of other people too. Yes, in hindsight some were mistakes and I should have either followed my gut instinct or just stayed out (or indeed jumped in), but hindsight is a brilliant tool.
Back to basics, it has to be for me!
  • #215,271
  • Apr 9, 2010 8:11am Apr 9, 2010 8:11am
Cos I'm stuck at work through the week I find flicking back and forth between the rates screen and what I'm working on a pain.

Does anyone know if theres a live feed website out there that you can download that presents itself as a marquee strip going across the top/bottom of your screen. Would be most useful for me as I wouldnt have to keep flicking back and forwards
  • #215,272
  • Apr 9, 2010 8:12am Apr 9, 2010 8:12am
Quoting pawpaw1000
aah, sorry but when you said ma cross I thought you were talking bout the cross of say 50ma with 25ma...

Anyhow, Like I said this morning, I am biased south and dont see this baby going higher than 5420, not this week or next week!!!

Theres a freaking election soon with a very possible loss for ruling party with the ones replacing looking to cut spending and be more efficient...

I personally agree that bailing out etc is not good, but the market loves that shite...

This baby is going FAAAAAR down, and soon. Next week?

Have a look at the 25ma on H4 and the daily, then you may want to reconsider your statement. The last time the 25 crossed on the daily we gained 400 pips. The time before that 800, the time before that 300, the time before that 700. And that is only in the last few months, following the 25ma cross to the upside would have given you a possible 2000+ pips without even trading the retraces on H1/H4. Following the 25 on H4 would have given you over 5000 for the same period.

I will do my analysis for the week over the weekend, but I can see 57+ by next week.
  • #215,273
  • Apr 9, 2010 8:13am Apr 9, 2010 8:13am
Quoting kill56
whats up bro its crazy friday how are u
Hi Bro
Watch and write Notes For some pairs
  • #215,274
  • Apr 9, 2010 8:15am Apr 9, 2010 8:15am
Quoting bbakker
I'm sticking with mine for the moment!

Got my 85 out of cable plus some from fibre, bit shy of target because of that short from last night. May entertain another trade before 1600 UK if the right setup comes along.
  • #215,275
  • Apr 9, 2010 8:16am Apr 9, 2010 8:16am
Added long @ 1.5326
Don't be a hero. Don't have an ego. Always question yourself
  • #215,276
  • Edited 8:30am Apr 9, 2010 8:18am | Edited 8:30am
Quoting manize
Hi bro , thanks for the nice butterfly, give me a new spirit to hold the short.
Your Welcome, Bro

I give you DOUBLE S/R as DIAGONAL and Work Well.
This is Nice Tool Indi for your Style.

You can found in Under CHART Pattern, Bro.
Hopefully can be useful.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-04-09_Double SR.jpg Size: 273 KB
Attached File(s)
File Type: ex4 Trendline_Force.ex4   15 KB | 320 downloads
Always looking the GREAT, never left GOOD Point...
  • #215,277
  • Apr 9, 2010 8:21am Apr 9, 2010 8:21am
Quoting cloggie
Have a look at the 25ma on H4 and the daily, then you may want to reconsider your statement. The last time the 25 crossed on the daily we gained 400 pips. The time before that 800, the time before that 300, the time before that 700. And that is only in the last few months, following the 25ma cross to the upside would have given you a possible 2000+ pips without even trading the retraces on H1/H4. Following the 25 on H4 would have given you over 5000 for the same period.

I will do my analysis for the week over the weekend, but I can see 57+ by...
I still reckon we going down cloggs... will re-evaluate now at 5320 but if it drops through I reckon we safe as house on the drop (funny seeing as we just had housing crises so maybe not so safe?)
@pawpaw1000 on Twitter
  • #215,278
  • Apr 9, 2010 8:23am Apr 9, 2010 8:23am
Quoting pawpaw1000
I still reckon we going down cloggs... will re-evaluate now at 5320 but if it drops through I reckon we safe as house on the drop (funny seeing as we just had housing crises so maybe not so safe?)

I am not saying not to trade the retraces, but once the 25 crosses on H4/daily you will get greater rewards focusing on the longs. Today we still have another 60 pips to go to the upside. We are now at the 50% retrace of the day with bullish candles on H4, I know where my money is on....
  • #215,279
  • Apr 9, 2010 8:23am Apr 9, 2010 8:23am
Quoting cloggie
Got my 85 out of cable plus some from fibre, bit shy of target because of that short from last night. May entertain another trade before 1600 UK if the right setup comes along.
I missed it this morning. Oh well, there are plenty of mornings left
  • #215,280
  • Apr 9, 2010 8:27am Apr 9, 2010 8:27am
Quoting Bull_Bear
Selling the retrace....

1.5388.. SL.. 1.5430.. TP.. 1.5320
TP hit..... Buy order activate

1.5320.. SL.. 1.5275.. TP.. 1.5430
Veni, Vidi, Vici (We came, we saw, we conquered)
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