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Cable Update (GBPUSD)

  • #223,181
  • Apr 30, 2010 5:54pm Apr 30, 2010 5:54pm
Guys u still here Market closed.
“Happiness? A good cigar, a good meal, a good cigar and a good woman - or a bad woman; it depends on how much happiness you can handle.”
George Burns
  • #223,182
  • Apr 30, 2010 7:27pm Apr 30, 2010 7:27pm
read with me


http://forexarena.blogspot.com/searc...ART%20PATTERNS

http://forexarena.blogspot.com/searc...Trading%20Tips
  • #223,183
  • Apr 30, 2010 8:10pm Apr 30, 2010 8:10pm
thanks Kill. this is timeless advice. I have been trading since dotcom (relatively new to fx) and it wasn't until i unobligingly adopted rules 1,2,9 and 10 that i started turning around from many years of loss/stagnancy

Too many traders jump into the deep end first without thinking about these fundamentals. I was one of them (still not perfect of course) and although i accept it as experience to some degree, i would much rather not wasted so many years.

as for FX, still very much learning the value of judging and responding to PA. I'm not big on charts anymore, but respect the pivot points and trying to fine tune my ability to read panic and greed. all techniques need to be continually refined and remain adaptable to current events, but it goes to show if you adhere to the fundamentals first you can still be well ahead without a top notch system (although you still need a system)

A top notch system I believe would keep you further ahead.

love rule 9. that's one of my favourites. you have to take money out above your designated "threshold" and aim to do it consistently (if you are unable to, then revisit your system). There is something magical about this this rule. Besides It makes you feel bloody fantastic to see that your hard work pays off tangibly.






Quoting kill56
read...
  • #223,184
  • Apr 30, 2010 10:22pm Apr 30, 2010 10:22pm
Quoting egkid
Guys u still here Market closed.
“Happiness? A good cigar, a good meal, a good cigar and a good woman - or a bad woman; it depends on how much happiness you can handle.”
George Burns
Go and catch Iron Man 2.
Great Bodies are Engineered not Born
  • #223,185
  • Apr 30, 2010 11:01pm Apr 30, 2010 11:01pm
I just got an email from Twee, requesting the name of my old thread so that it could be properly re-instated on request from other members. The thread is still there, will fall under the same name, and will be improved upon as we go.

Near future plans...

The 5m money plan.
The cams Long range forecasts. (A lot of hope held for hands from the TRUE CAMS MASTER Digger01)
The Moving Average way to follow the money.

Thanks to those who have supported and followed the MTF, I look forward to working with you in the very near future.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #223,186
  • Apr 30, 2010 11:08pm Apr 30, 2010 11:08pm
Quoting Magix
I just got an email from Twee, requesting the name of my old thread so that it could be properly re-instated on request from other members. The thread is still there, will fall under the same name, and will be improved upon as we go.

Near future plans...

The 5m money plan.
The cams Long range forecasts. (A lot of hope held for hands from the TRUE CAMS MASTER Digger01)
The Moving Average way to follow the money.

Thanks to those who have supported and followed the MTF, I look forward to working with you in the very near future.
I had requested twee, its time u got out of the dustbin
  • #223,187
  • May 1, 2010 12:59am May 1, 2010 12:59am
Quoting bbakker


1.5225 is my next 'Digger' target if we break 1.5280 convincingly. All good in the hood!
lol, didnt quite make tht far for the day, a good target to aim for tho as we were trading below fridays open . Myself I have been using the weekly levels more as I am a little short on time atm. I had longs from thursday daily open which was the 1.52 area with a tgt of the weekly open which was hit , alas I wasent here to participate in shorts from the weekly open but made some greenie tgting the weekly open area . Your mt4 charts figure the pivot levels different than my ensign charting does and they dont have all the levels , hope to be able to figure out whats different , may not be till my planting season is over with but will figure out eventually . Anyhow , a chart on this weeks action , price could not push thru last weeks high (also the quartely pivot area ) dropped thru the weekly open and has now tested it and possibly could drop more going into next week, my daily pivot held it up friday , what ever happens there will be some tradeable moves , cheers all , and kill hope you had lots of greenie the past week
Attached Image (click to enlarge)
Click to Enlarge Name: 60 minute.jpg Size: 154 KB
  • #223,188
  • May 1, 2010 1:33am May 1, 2010 1:33am
Quoting forexlion
if cable does not break 5182

my call is for 6011 in April

5182 is the decision level

http://www.forexfactory.com/showpost...27&postcount=7

http://img534.imageshack.us/img534/1043/cable.gif
eerrr uumm , the number you have called is no longer in service , if you feel you reached this number in error please hang up and try your call again . ah well maybe this month , have a great weekend man
  • #223,189
  • May 1, 2010 2:41am May 1, 2010 2:41am
Quoting digger1
eerrr uumm , the number you have called is no longer in service , if you feel you reached this number in error please hang up and try your call again . ah well maybe this month , have a great weekend man
markets change rapidly

malcolm gave a call for 5500 on friday, what happend

not his fault, if market decides to drop

are you going to slay him too ??

grow up
  • #223,190
  • May 1, 2010 2:44am May 1, 2010 2:44am
Quoting forexlion
markets change rapidly

malcolm gave a call for 5500 on friday, what happend

not his fault, if market decides to drop

are you going to slay him too ??

grow up
must of not been in big bold black letters, missed it lol, wasent slaying anybody man , everyone is wrong at times dude ,mal is long from 1.70 remeber ha ha
  • #223,191
  • May 1, 2010 2:54am May 1, 2010 2:54am
I'm still hold my long..it's doesn't matter if the market goes down because i have covered my long with short.. We'll see 5500 next week. Bullish still in play. Will add some more long.. Happy trading. Everyone have different strategies in market.
  • #223,192
  • May 1, 2010 4:14am May 1, 2010 4:14am
Quoting Magix
I just got an email from Twee, requesting the name of my old thread so that it could be properly re-instated on request from other members. The thread is still there, will fall under the same name, and will be improved upon as we go.

Near future plans...

The 5m money plan.
The cams Long range forecasts. (A lot of hope held for hands from the TRUE CAMS MASTER Digger01)
The Moving Average way to follow the money.

Thanks to those who have supported and followed the MTF, I look forward to working with you in the very near future.
  • #223,193
  • Edited 1:28pm May 1, 2010 4:22am | Edited 1:28pm
Attached Image (click to enlarge)
Click to Enlarge Name: 100430_gu_h4.jpg Size: 143 KB


Zoomed in:

Attached Image (click to enlarge)
Click to Enlarge Name: 100430_gu_h4_zoom.jpg Size: 128 KB


Blue line indicates the last price point on Friday on ACM. The bright red line which was a supporting trendline is now a resistance trendline. We have a doji and a possible shooting star as the last two candlesticks which might indicate upturn although the MAs are moving apart which could indicate we are still going down. We hit the resistance line @15316 on the last two candles. Where does it mean we are going? I am not sure is the honest answer. Long-term although theoretically we are still in an uptrend, it is weakening and we seem to be ranging between 1.513 and 1.552 and we are in the middle of this range, so lets see what happens on Sunday evening. Monday is a public holiday in the UK, so there will be less volume. Elections take place next week and on Freaky Friday we will know the result and hopefully a clearer direction will have taken place. Enjoy your weekend!
  • #223,194
  • Edited 4:51am May 1, 2010 4:37am | Edited 4:51am
Quoting digger1
lol, didnt quite make tht far for the day, a good target to aim for tho as we were trading below fridays open . Myself I have been using the weekly levels more as I am a little short on time atm. I had longs from thursday daily open which was the 1.52 area with a tgt of the weekly open which was hit , alas I wasent here to participate in shorts from the weekly open but made some greenie tgting the weekly open area . Your mt4 charts figure the pivot levels different than my ensign charting does and they dont have all the levels , hope to be able...
Hope the planting is going well!
  • #223,195
  • May 1, 2010 5:38am May 1, 2010 5:38am
Quoting Magix
I just got an email from Twee, requesting the name of my old thread so that it could be properly re-instated on request from other members. The thread is still there, will fall under the same name, and will be improved upon as we go.

Near future plans...

The 5m money plan.
The cams Long range forecasts. (A lot of hope held for hands from the TRUE CAMS MASTER Digger01)
The Moving Average way to follow the money.

Thanks to those who have supported and followed the MTF, I look forward to working with you in the very near future.
  • #223,196
  • May 1, 2010 5:50am May 1, 2010 5:50am
Quoting bbakker
Attachment

Zoomed in:

Attachment

Blue line indicates the last price point on Friday on ACM. The bright red line which was a supporting trendline is now a resistance trendline. We have a doji and a possible shooting star as the last two candlesticks which might indicate upturn although the MAs are moving apart which could indicate we are still going down. We hit the resistance line @15316 on the last two candles. Where does it mean we are going? I am not sure long-term although theoretically we are still in an uptrend,...
i like what i see
  • #223,197
  • May 1, 2010 5:58am May 1, 2010 5:58am
Quoting digger1
lol, didnt quite make tht far for the day, a good target to aim for tho as we were trading below fridays open . Myself I have been using the weekly levels more as I am a little short on time atm. I had longs from thursday daily open which was the 1.52 area with a tgt of the weekly open which was hit , alas I wasent here to participate in shorts from the weekly open but made some greenie tgting the weekly open area . Your mt4 charts figure the pivot levels different than my ensign charting does and they dont have all the levels , hope to be able...
master voodoo cam

enjoy the weekend greeny all the way

with u and the wise man voodoo team is doing great i hope we will have nothing but green this week best of luck to all of this great thread
  • #223,198
  • Edited 9:59am May 1, 2010 9:42am | Edited 9:59am
Attached Image (click to enlarge)
Click to Enlarge Name: 100501_gbpusd_wo.png Size: 75 KB


I have made a couple of modifications on the early post which can be found here -
http://www.forexfactory.com/showthre...25#post3688425

I have added a set of fibs which also lined up with two of my S/R lines. The white vertical line should be 2am in the UK on the 7th May. This is roughly when the results start coming in, although you do get some early ones come in that may result in some whipsaw action. I think most polling stations close by 10pm UK time.

Two blue areas I have highlighted are possible targets within the current trendlines as 2 trendlines meet a S/R line, the smaller one around the time of the election results, whereas the bigger one doesn't come into sight until the following week.

No long-term punts for me at this stage, until we meet areas of interest. Like Pawpaw, I will be trading of the m5 chart to bag me 20+ pips at a time. I will be doing it the voodoo boodoo way
  • #223,199
  • Edited 11:41am May 1, 2010 11:10am | Edited 11:41am
room help needed her

any body knows how the scan wave work its an mt4 indi

http://forexarena.blogspot.com/2010/...indicator.html
  • #223,200
  • May 1, 2010 1:48pm May 1, 2010 1:48pm
Quoting bbakker
Attachment

I have made a couple of modifications on the early post which can be found here -
http://www.forexfactory.com/showthre...25#post3688425

I have added a set of fibs which also lined up with two of my S/R lines. The white vertical line should be 2am in the UK on the 7th May. This is roughly when ....
Nice chart again and very useful. I'd drawn something myself out of curiosity but yours adds a lot more to it so useful to see that.

As per an earlier post I made, I think news is going to be a big infulence this week not just because of the election, so I'm wondering if your lower target may hit short term but then after the election, who knows......

Again, excellent chart and great to see I was making some of the right lines finally

Also, thanks to Magix for good info a couple of days ago and a brilliant thread for us noobs!!
Back to basics, it has to be for me!
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