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Cable Update (GBPUSD)

  • #221,181
  • Apr 23, 2010 11:26am Apr 23, 2010 11:26am
for the weekend
Attached File(s)
File Type: pdf 15 Rules of a Successful Trader.pdf   84 KB | 332 downloads
  • #221,182
  • Apr 23, 2010 11:27am Apr 23, 2010 11:27am
What a bunch of Crap. I bought 3 times on the way down this morning. I also bought 5 times on the way down on Sunday night telling you and everyone else exactly what I was doing. You were just so hell bent on going short and didnt take the time to listen. I have seen your calls and I am dam glad I am making my own because I wouldnt want yours. When you have been around 20 years come and see me> I dont need this thread and thanks to you I will not have to worry about it anymore. I want to appologize to the newbys, but this is the type of person I do not want to deal with, they think they know it all and in actuallity, they no nothing at all.


Quoting cloggie
One can draw all the trendlines on H4 and D1 to justify cable going up, today was purely driven by a 180 pip move on the euro. People here can brag all they want about justifying their long in the face of every signal for a bear move this morning. The day was a big buy on euro and that's all there is to it. Unless someone posts their tradecalls here claims of 1500 pips a week is just BS to me.
  • #221,183
  • Apr 23, 2010 11:33am Apr 23, 2010 11:33am
Ah wise words from a guy who lost $75,000.00 and makes fake claims at the end of the week for 1500 pips. Don't let the door hit you in the @ss on the way out.


Quoting Nene
What a bunch of Crap. I bought 3 times on the way down this morning. I also bought 5 times on the way down on Sunday night telling you and everyone else exactly what I was doing. You were just so hell bent on going short and didnt take the time to listen. I have seen your calls and I am dam glad I am making my own because I wouldnt want yours. When you have been around 20 years come and see me> I dont need this thread and thanks to you I will not have to worry about it anymore. I want to appologize to the newbys, but this is the type of person I...
  • #221,184
  • Apr 23, 2010 11:35am Apr 23, 2010 11:35am
Quoting A-speculator
Yups.. I wouldn't dare shorting cable again.. No more counter trend trading I guess.. Maybe, we might closed doji on D1. Have you seen EJ? what a move..
yesterday around 8:30pm est, i put a limit buy for e/j 123.35 (my daily pivot was 123.32 based on NY market closing hours). i had a dream last night and in the dream, i set the pivot calculation to have this pair based on the Japanese market closing hours. this morning when i woke up, i switched the time, and the low was almost dead smack on the pivot.

i'm not making this shit up.

after going back through a few months, pivot calculation based on the Japanese market hour seems to be a lot better than NY closing hours. anyone else trading this pair using pivots? what do you use as your time for calculation?
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 16 KB
  • #221,185
  • Apr 23, 2010 11:36am Apr 23, 2010 11:36am
I knew a person named Besca
His knowledge grew lesser and lesser
Once it grew so small that he new nothing at all
And today he is college professor
  • #221,186
  • Apr 23, 2010 11:40am Apr 23, 2010 11:40am
Today's PA seems changed a lot of things (like my bearishness - it only last for one day.. ). Seems like a lot of movement today, and I didn't take any of them, just shorting cable.

Let's recall what's happen today. During london, the price action has actually tells me that I was not in the right direction. As I mentioned before, regardless of what the outcome of the news, the most important thing is the sentiment of the news. Now, price has actually told me that shorting was not a good idea. If it was, it will shows by closing several candles below the support. But, being a human being, sometimes my emotion overshadow the reality in front of me, that's what exactly happen today.

Now, where we are? Exactly the same spot as yesterday with candles closed above the support.. again.

With that said, I call it a day.. Trade Safe everyone.. challoz..
Attached Image (click to enlarge)
Click to Enlarge Name: charts.gif Size: 29 KB
  • #221,187
  • Apr 23, 2010 11:43am Apr 23, 2010 11:43am
Quoting 9000rpm
yesterday around 8:30pm est, i put a limit buy for e/j 123.35 (my daily pivot was 123.32 based on NY market closing hours)....
Here is my chart on EJ.. Hope you can figure out as why the price rebound..

cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: charts.gif Size: 30 KB
  • #221,188
  • Apr 23, 2010 11:44am Apr 23, 2010 11:44am
Inverted Head and Shoulders is staring me right in the face on the 4H.

S/L 5320
Long 5380
T/P 5445

http://img22.imageshack.us/img22/5604/gbpusd42310.gif

Uploaded with ImageShack.us
  • #221,189
  • Apr 23, 2010 11:45am Apr 23, 2010 11:45am
Quoting malcolmb14
seems 60 min gu being accumulated ..... lets see what next week brings
Hi Mal
Day didn't end yet
Very interested to see where will close
  • #221,190
  • Apr 23, 2010 11:53am Apr 23, 2010 11:53am
short @ 5358
tp @ 5258
sl @ 5403

close the platform and wait for next week open... win or busted!
Be a sniper not a jumper
  • #221,191
  • Apr 23, 2010 12:01pm Apr 23, 2010 12:01pm
rooom plz take easy this thread is the best in ff we are not here to brag about a trade or how many pips we make a week or a day its about u own way of trade and if its working for u or not we have a lot of new comers and they wanna learn how to trade most of them have tiny accounts and most of them they are losing why not teach them how to trade how to manege their account when to open and close nothing wrong with long term trading long or short if u have a big azz acc. if not its to risky to stay long and add and see u acc blown lets learn teach help care lets be a family
  • #221,192
  • Apr 23, 2010 12:09pm Apr 23, 2010 12:09pm
Quoting kill56
rooom...
Hey bro
Do u trade American futures downJ , S&P 500
I don't trade it but keep an eye on it , Seems to me the top on weekly
What do u think?
  • #221,193
  • Apr 23, 2010 12:10pm Apr 23, 2010 12:10pm
Question:

Is there a place that states what the pivot point is for a FX Pair?

I dont have pivot on the charting software
I have no enemy; I make Incautiousness my Enemy.
  • #221,194
  • Apr 23, 2010 12:14pm Apr 23, 2010 12:14pm
Quoting jimobiwan
Question:

Is there a place that states what the pivot point is for a FX Pair?

I dont have pivot on the charting software
http://www.actionforex.com/technical...-200603205734/

refer there... not just pp, support n resistance as well are given.
Be a sniper not a jumper
  • #221,195
  • Apr 23, 2010 12:15pm Apr 23, 2010 12:15pm
Quoting Dabek FX
Inverted Head and Shoulders is staring me right in the face on the 4H.

S/L 5320
Long 5380
T/P 5445

http://img22.imageshack.us/img22/5604/gbpusd42310.gif

Uploaded with ImageShack.us
oh man, I've seen this pattern blatantly misused so many times.
That is not an inverted head & shoulders staring at you.
An inverted head & shoulders is a bottom reversal chart pattern. It usually appears after the third continuation rejection following a DOWNTREND.
Attached chart below is a proper inverted head & shoulders pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: euh1.gif Size: 26 KB
Thank You
  • #221,196
  • Apr 23, 2010 12:24pm Apr 23, 2010 12:24pm
Quoting wormboy
oh man, I've seen this pattern blatantly misused so many times.
That is not an inverted head & shoulders staring at you.
An inverted head & shoulders is a bottom reversal chart pattern. It usually appears after the third continuation rejection following a DOWNTREND.
Attached chart below is a proper inverted head & shoulders pattern.
Bravo.. that is a very basic trading theory.. if u are a newbie then dont worry, u are on the right track.. good luck..
  • #221,197
  • Apr 23, 2010 12:32pm Apr 23, 2010 12:32pm
Quoting sierra
http://www.actionforex.com/technical...-200603205734/

refer there... not just pp, support n resistance as well are given.

Thanks for that.
I have no enemy; I make Incautiousness my Enemy.
  • #221,198
  • Apr 23, 2010 1:07pm Apr 23, 2010 1:07pm
Quoting 9000rpm
yesterday around 8:30pm est, i put a limit buy for e/j 123.35 (my daily pivot was 123.32 based on NY market closing hours). i had a dream last night and in the dream, i set the pivot calculation to have this pair based on the Japanese market closing hours. this morning when i woke up, i switched the time, and the low was almost dead smack on the pivot.

i'm not making this shit up.

after going back through a few months, pivot calculation based on the Japanese market hour seems to be a lot better than NY closing hours. anyone else trading this...
pople get so caught up in pivots and moving averages as s/r and bounce lines they forget about the simple things in life.

The reason ej found support was due to the last pivot low also prior time it arrive at 123.5 there was massive buying shon on chart

eu bears are going to get it handed to them ...their arse and margin called account that is...

Attached Image (click to enlarge)
Click to Enlarge Name: chart04b.jpg Size: 159 KB
Blogging daily now at www.volume.zone
  • #221,199
  • Apr 23, 2010 1:12pm Apr 23, 2010 1:12pm
Quoting jimobiwan
Thanks for that.
heres another one bit more in depth, need sign up and recieve daily. for market and fx.
http://pivotfarm.com/daily-trader-notes.html
  • #221,200
  • Apr 23, 2010 1:58pm Apr 23, 2010 1:58pm
  •  melba
  • | Joined Nov 2009 | Status: ...just surfing the wave... | 97 Posts
Quoting kill56
for the weekend
..thks Kill , basics always useful .........i closed my last short at 60 for a 12 pips loss , and a peaceful week end ....it does seem a bit stronger tonight so i'd rather wait till monday .....see u all nxt wk..
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