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Cable Update (GBPUSD)

  • #217,581
  • Apr 14, 2010 4:18pm Apr 14, 2010 4:18pm
Quoting cloggie
Well yeah am not a total fool and I figured that out without any help from some of the other guys on some of the other threads.... Oh and it was yesterday's S1
be good and sweet ones
  • #217,582
  • Apr 14, 2010 4:37pm Apr 14, 2010 4:37pm
Quoting bbakker
Considering this afternoon's spat, I found this excellent post that should serve you all as a reminder, as I am not the only one who thinks like this! Remember my earlier words when I first joined this forum. WHEAT and CHAFF!

Here is the original link to this post -
http://www.forexfactory.com/showthre...72#post3569772

Here is the summary for you lazy people -

Amusing how public forums and public washrooms are privy to the same smells, both coming from similar types of crap.

When somebody who...
Some fine words to be sure....

Muwahahahaha.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #217,583
  • Apr 14, 2010 4:39pm Apr 14, 2010 4:39pm
Quoting mygoldenpips
for long pos...
what your entry sir?
tp and sl?
Well.... I can see why some people do not just simply post their calls on this forum as this could be construed as giving them out without real analysis behind them and maybe I should refrain from doing so too.

In this case I will have some reasoning behind it.

My small long entry is at 15470, but there could still be some downside. Daily Pivot is ~15439, so therefore my SL is well below that @15380, that is 90 pips and so that I can sleep soundly.

I am looking at longer-term trades and moving away from scalping/day-trading to position/swing trading, so I have no TP in mind, although malcolm has kindly provided one for me.

I will create another long order @ DP with a SL @15380. This will be double in size of my previous long, with the same SL. 15385 is a strong S/R line from previous days hence setting my SL just below it.

Good luck with your trading! Remember... please do not what I say, you have your own mind, to make your own decisions.

Goodnight!
  • #217,584
  • Apr 14, 2010 4:43pm Apr 14, 2010 4:43pm
Quoting Magix
Some fine words to be sure....

Muwahahahaha.


Goodnight Count von Count!

Inserted Video
  • #217,585
  • Apr 14, 2010 4:45pm Apr 14, 2010 4:45pm
Quoting bbakker
Well.... I can see why some people do not just simply post their calls on this forum as this could be construed as giving them out without real analysis behind them and maybe I should refrain from doing so too.

In this case I will have some reasoning behind it.

My small long entry is at 15470, but there could still be some downside. Daily Pivot is ~15439, so therefore my SL is well below that @15380, that is 90 pips and so that I can sleep soundly.

I am looking at longer-term trades and moving away from scalping/day-trading to position/swing...
are u sure heck why not u have work tmo
  • #217,586
  • Apr 14, 2010 4:48pm Apr 14, 2010 4:48pm
Quoting kill56
are u sure heck why not u have work tmo


Goodnight bro! See you in 5 or so hours!
  • #217,587
  • Apr 14, 2010 4:50pm Apr 14, 2010 4:50pm
Quoting bbakker


Goodnight bro! See you in 5 or so hours!

sweet forex dreams
  • #217,588
  • Apr 14, 2010 4:54pm Apr 14, 2010 4:54pm
Must thanks all the people here for good advice & help.

My summary till date for this week.

707462010.04.12 10:35sell0.05gbpusd1.543481.541821.535522010.04.12 13:331.53937-0.300.000.0020.55
711382010.04.12 13:38sell0.05gbpusd1.538711.544341.536712010.04.12 13:481.53671-0.300.000.0010.00
711682010.04.12 14:00buy0.05gbpusd1.538541.531691.560002010.04.12 15:051.53863-0.300.000.000.45
713032010.04.12 15:05sell0.05gbpusd1.538641.543771.534002010.04.12 16:391.53812-0.300.000.002.60
714432010.04.12 16:39buy0.05gbpusd1.538121.520001.548662010.04.12 17:021.53697-0.300.000.00-5.75
714532010.04.12 16:44sell0.05gbpusd1.537681.539681.532552010.04.13 02:301.53471-0.300.00-0.1814.85
715052010.04.12 17:02buy0.05gbpusd1.537201.537611.554002010.04.13 09:551.53832-0.300.00-0.095.60
732582010.04.13 04:57buy0.05gbpusd1.534591.531151.555002010.04.13 05:571.53468-0.300.000.000.45
737072010.04.13 09:42buy0.05gbpusd1.539921.540221.554002010.04.13 14:581.54016-0.300.000.001.20
737382010.04.13 10:00buy0.05gbpusd1.539051.540221.554002010.04.13 14:581.54016-0.300.000.005.55
747782010.04.13 17:24buy0.05gbpusd1.537281.532241.538362010.04.13 21:381.53836-0.300.000.005.40
763872010.04.14 03:14sell0.05gbpusd1.540441.539001.536542010.04.14 07:401.53910-0.300.000.006.70
763962010.04.14 03:30buy0.05gbpusd1.541171.537151.544002010.04.14 03:541.54159-0.300.000.002.10
764342010.04.14 04:53buy0.05gbpusd1.542711.541211.555002010.04.14 15:061.54384-0.300.000.005.65
766272010.04.14 07:50buy0.05gbpusd1.540451.529231.555002010.04.14 12:331.54183-0.300.000.006.90
770822010.04.14 12:38buy0.10gbpusd1.543121.537721.555002010.04.14 15:061.54382-0.600.000.007.00
771902010.04.14 15:21buy0.10gbpusd1.544931.541681.548652010.04.14 16:081.54750-0.600.000.0025.70
775102010.04.14 16:56sell0.10gbpusd1.548101.560001.546602010.04.14 18:111.54781-0.600.000.002.90

So happy to see my account is finally growing in the direction of +.
Thanks so much Everyone.
Smile Chankl78
  • #217,589
  • Apr 14, 2010 4:58pm Apr 14, 2010 4:58pm
Quoting chankl78
Must thanks all the people here for good advice & help.

My summary till date for this week.
18:11 1.54781 -0.60 0.00 0.00 2.90

So happy to see my account is finally growing in the direction of +.
Thanks so much Everyone.
  • #217,590
  • Apr 14, 2010 5:00pm Apr 14, 2010 5:00pm
good morning. nothing's changed, we're still bullish & I plan to maintain long position since the D1 had confirmed a bullish close. 5380 is now the safety net to the bias. This is a long term position, so will still scalp when see fit.
Have a great day.

Previous day chart:
1. http://cdn.forexfactory.com/attachme...1&d=1271201757
Attached Image (click to enlarge)
Click to Enlarge Name: gud.gif Size: 20 KB
Thank You
  • #217,591
  • Apr 14, 2010 5:00pm Apr 14, 2010 5:00pm

1 of 1
UK Mar Consumer Confidence Falls Sharply From February High

--UK Nationwide Mar Consumer Confidence 72 Versus 81 in Feb

--UK Nationwide Confidence Falls Back To December 2009 Level

--UK Nationwide Mar Expectations Index 105 Versus 116 in Feb

--UK Nationwide Mar Spending Index 96 Versus 94 in Feb

--UK Nationwide Expectations Index Lowest Since Aug 2009

------------------------------------------------------------------------

UK consumer confidence fell back sharply in March having hit a two

year high in February with expectations leading the way down according

to the latest Nationwide Consumer Confidence survey. The Nationwide

Consumer Confidence Index fell to 72 in March from a revised 81 in

February matching its December reading. The expectations index dropped

to 105 in March from 116 in February its lowest level since August last

year with Nationwide suggesting uncertainty generated by the looming

May 6 may be hurting sentiment.
4/14/2010 7:01:16 PM



UK Mar Consumer Confidence Falls Sharply From High...
  • #217,592
  • Apr 14, 2010 5:18pm Apr 14, 2010 5:18pm
looks like fresh short stops are the target before chinese gdp numbers. Stops @5515 level might want to take precaution.
Good luck.
Thank You
  • #217,593
  • Apr 14, 2010 5:23pm Apr 14, 2010 5:23pm
Quoting wormboy
Trying to counter "gaps" at weekly open is dangerous. Yes they always close, but know that they don't necessarily close/retrace back immediately or the same day. Some can take the whole week, sometimes more.
It's not safe practise.
Just trying to point out.
EuroUsd just made a great example of what I was trying to say last Saturday.
That the "gap must close" mentality is dangerous. EuroUsd "gap" is still there.
Thank You
  • #217,594
  • Apr 14, 2010 5:34pm Apr 14, 2010 5:34pm
Quoting chankl78
Must thanks all the people here for good advice & help.

My summary till date for this week.

70746...
Congratulation!
Great Bodies are Engineered not Born
  • #217,595
  • Apr 14, 2010 5:56pm Apr 14, 2010 5:56pm
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Seems like the 1.5490 area is the ceiling....
  • #217,596
  • Apr 14, 2010 6:02pm Apr 14, 2010 6:02pm
Quoting MarkH
Seems like the 1.5490 area is the ceiling....
for now....
  • #217,597
  • Apr 14, 2010 6:07pm Apr 14, 2010 6:07pm
looks like a bearish divergence alert to me... long may be short lived..
Attached Image (click to enlarge)
Click to Enlarge Name: gu 15410.gif Size: 18 KB
Be a sniper not a jumper
  • #217,598
  • Apr 14, 2010 6:13pm Apr 14, 2010 6:13pm
  •  MarkH
  • | Joined Oct 2009 | Status: "Show Me The Money" - Jerry McGuire | 222 Posts
Quoting sierra
looks like a bearish divergence alert to me... long may be short lived..
Good eye... I see it too.
  • #217,599
  • Apr 14, 2010 6:15pm Apr 14, 2010 6:15pm
Quoting wormboy
Just trying to point out.
EuroUsd just made a great example of what I was trying to say last Saturday.
That the "gap must close" mentality is dangerous. EuroUsd "gap" is still there.
Gap doesn't always closed completely.. 2008 has seen scenario like that. If I'm not mistaken, before the massive down move in GJ, in the 19x.xx area (192 or 197, i'm can't remember) the gap still open till now..
  • #217,600
  • Apr 14, 2010 7:18pm Apr 14, 2010 7:18pm
i might be wrong
Attached Image (click to enlarge)
Click to Enlarge Name: h4 cable.gif Size: 24 KB
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