Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#217,261
Apr 14, 2010 7:03am Apr 14, 2010 7:03am

free4440273
| Joined Jun 2007 | Status: Trader | 988 Posts

Quoting rasc00

Disliked

Yeah - there's Spain & ireland too

Ignored

PIGS will never fly

#217,262
Apr 14, 2010 7:03am Apr 14, 2010 7:03am

free4440273
| Joined Jun 2007 | Status: Trader | 988 Posts

Quoting pawpaw1000

Disliked

peter schiff...

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

and look for his other videos...

Ignored

#217,263
Apr 14, 2010 7:05am Apr 14, 2010 7:05am

kill56
Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts

Quoting free4440273

Disliked

PIGS will never fly

Ignored

the stone have wings tooo

#217,264
Apr 14, 2010 7:06am Apr 14, 2010 7:06am

pawpaw1000
Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts

Quoting free4440273

Disliked

Ignored

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

free4440273
| Joined Jun 2007 | Status: Trader | 988 Posts

Quoting pawpaw1000

Disliked

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...

Ignored

i bet he did!

#217,266
Apr 14, 2010 7:08am Apr 14, 2010 7:08am

wormboy
Joined Jan 2009 | Status: Not bothered. | 18,084 Posts

Quoting pawpaw1000

Disliked

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??

Ignored

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

kill56
Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts

Quoting wormboy

Disliked

the tl indicator is rubbish. wait till you get into consolidation & it starts to repaint every 2-3 bars

Plot them manually

Ignored

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

Cowboy11
| Joined Oct 2009 | Status: Choose a good PROJECTOR model | 717 Posts

Quoting free4440273

Disliked

good luck with that!

Ignored

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

free4440273
| Joined Jun 2007 | Status: Trader | 988 Posts

Quoting Cowboy11

Disliked

Not by luck, the chart says so. Need to monitor to confirm the turn around.

Ignored

#217,270
Apr 14, 2010 7:17am Apr 14, 2010 7:17am

OldReigatian
| Joined Mar 2010 | Status: Trader | 449 Posts

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

free4440273
| Joined Jun 2007 | Status: Trader | 988 Posts

here we go folks -- <15mins till data!

#217,272
Apr 14, 2010 7:23am Apr 14, 2010 7:23am

forexlion
| Additional Username | Joined Sep 2009 | 8,623 Posts

Quoting wormboy

Disliked

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

Ignored

#217,273
Apr 14, 2010 7:24am Apr 14, 2010 7:24am

fxvoilaaa
| Joined Jan 2010 | Status: Trader | 732 Posts

Quoting pawpaw1000

Disliked

peter schiff...

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

and look for his other videos...

Ignored

lolllll!!!

#217,274
Apr 14, 2010 7:27am Apr 14, 2010 7:27am

bbmac
Joined Jul 2007 | Status: Trader | 5,392 Posts

Quoting bbmac

Disliked

15min trigger Closed as a bullish PB candle but trade struggling, so have abandoned at B/e..targets therefore not met.

G/L

Ignored

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

ba1ker
Joined Feb 2010 | Status: Inactive | 6,482 Posts

Quoting wormboy

Disliked

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...

Ignored

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