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Cable Update (GBPUSD)

  • #217,261
  • Apr 14, 2010 7:03am Apr 14, 2010 7:03am
Quoting rasc00
Yeah - there's Spain & ireland too
PIGS will never fly
  • #217,262
  • Apr 14, 2010 7:03am Apr 14, 2010 7:03am
Quoting pawpaw1000
peter schiff...

http://www.youtube.com/watch?v=S8HRRQ6JkCw

and look for his other videos...
  • #217,263
  • Apr 14, 2010 7:05am Apr 14, 2010 7:05am
Quoting free4440273
PIGS will never fly
the stone have wings tooo
  • #217,264
  • Apr 14, 2010 7:06am Apr 14, 2010 7:06am
Quoting free4440273
so I guess you dont agree... Search youtube for "peter schiff laughed at" and see how people like you laughed in 2007. He predicted this recession and he says we are just getting started...

But hey, what does he know, just watch s/r...

G2G TRAIN AGAIN!!!

gl with the news...
@pawpaw1000 on Twitter
  • #217,265
  • Apr 14, 2010 7:07am Apr 14, 2010 7:07am
Quoting pawpaw1000
so I guess you dont agree... Search youtube for "peter schiff laughed at" and see how people like you laughed in 2007. He predicted this recession and he says we are just getting started...

But hey, what does he know, just watch s/r...

G2G TRAIN AGAIN!!!

gl with the news...
i bet he did!
  • #217,266
  • Apr 14, 2010 7:08am Apr 14, 2010 7:08am
Quoting pawpaw1000
so you will stay long until you see a bearish sign like a engulfing candle with a confirmation or a rounded top etc on the daily chart? You then scale down and look for entries on the shorter tf's??
currently my swing trade positions are based on building long positions.
I already mentioned if price close below 5300 level then I will begin selling, else I'd be looking to sell from a much higher level. And I will not only look for just bearish candle formations, it has to form at a significant supp/res level. Current D1 price had all failed to close below 5380, so I see no reason to start building short positions. We're talking about long term as you suggested earlier of course.
I daytrade as well, & I scalp lower tf on a higher margin. So long term bias don't mean anything to me when scalping. Here's an example of earlier scalps taken at lo earlier:
trade:
1. http://www.forexfactory.com/showpost...stcount=217149

That's the only time i scale down to the ltf - to scalp.
makes no sense to watch the m15 when you're planning to trade large swings. You can afford to lose a bit of precision in your entry & you have to be generous with the emergency stops if you plan to ride the big moves. It's very rare to be able to ride a 600 pip trade on a 30 pips risk.
Thank You
  • #217,267
  • Apr 14, 2010 7:08am Apr 14, 2010 7:08am
Quoting wormboy
the tl indicator is rubbish. wait till you get into consolidation & it starts to repaint every 2-3 bars

Plot them manually
what indi to u use the hand indi or lion 59 indi 20m to US news
  • #217,268
  • Apr 14, 2010 7:14am Apr 14, 2010 7:14am
Quoting free4440273
good luck with that!
Not by luck, the chart says so. Need to monitor to confirm the turn around.
Face both Win and Lose bravely
  • #217,269
  • Apr 14, 2010 7:15am Apr 14, 2010 7:15am
Quoting Cowboy11
Not by luck, the chart says so. Need to monitor to confirm the turn around.
  • #217,270
  • Apr 14, 2010 7:17am Apr 14, 2010 7:17am
ok no pre news scalping opportunities arisen so it looks like stand aside and see what materialises.

Have set my trades to capture the swings either down or up, so pretty much on auto pilot for my longer term trades.

Still going to have finger at the ready to catch any whip saw actions that may occur which will hopefully bag me a 100 or more pips over the immediate news period.

GL everybody...........
  • #217,271
  • Apr 14, 2010 7:21am Apr 14, 2010 7:21am
here we go folks -- <15mins till data!
  • #217,272
  • Apr 14, 2010 7:23am Apr 14, 2010 7:23am
Quoting wormboy
the technical analysis fallacy see how your thought process is interfering with your decision making?
It's not what you believe that counts brother. It's what's printed on the charts.
This is the d1, good enough for long run point of view.

D1 chart:
1. http://cdn.forexfactory.com/attachme...1&d=1271201757

As you can see, the bullish trend is not shifting yet. Stop looking the other way (at boys) till you have to
  • #217,273
  • Apr 14, 2010 7:24am Apr 14, 2010 7:24am
Quoting pawpaw1000
peter schiff...

http://www.youtube.com/watch?v=S8HRRQ6JkCw

and look for his other videos...
lolllll!!!
  • #217,274
  • Apr 14, 2010 7:27am Apr 14, 2010 7:27am
Quoting bbmac
15min trigger Closed as a bullish PB candle but trade struggling, so have abandoned at B/e..targets therefore not met.

G/L

That set-up off the 15min bullish PB candle is up but has still not met it's targets as I write this...I have already exited but if I were still in I would come out and be flat at U.s data due in a couple of mins.

G/L
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ex member
  • #217,275
  • Apr 14, 2010 7:31am Apr 14, 2010 7:31am
Quoting wormboy
currently my swing trade positions are based on building long positions.
I already mentioned if price close below 5300 level then I will begin selling, else I'd be looking to sell from a much higher level. And I will not only look for just bearish candle formations, it has to form at a significant supp/res level. Current D1 price had all failed to close below 5380, so I see no reason to start building short positions. We're talking about long term as you suggested earlier of course.
I daytrade as well, & I scalp lower tf on a higher margin. So...


Very busy at work, no time for ff today. Out tonight, so probably see you all on here tomorrow and I will have some catching up to do with little gems like this.
  • #217,276
  • Apr 14, 2010 7:32am Apr 14, 2010 7:32am
cables going up!!!!!!!!!!!!!!!!
  • #217,277
  • Apr 14, 2010 7:33am Apr 14, 2010 7:33am
decent data and bulls have nothing!
  • #217,278
  • Apr 14, 2010 7:34am Apr 14, 2010 7:34am
citifx going long gbpusd 5425 stop 5310., targetting 6000 area...latest from my newsfeed

G/L
ex member
  • #217,279
  • Apr 14, 2010 7:34am Apr 14, 2010 7:34am
Quoting OldReigatian
cables going up!!!!!!!!!!!!!!!!

yessssssssssssss
  • #217,280
  • Apr 14, 2010 7:35am Apr 14, 2010 7:35am
Quoting kill56
yessssssssssssss
come on my little pippy's, come to daddy
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