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Cable Update (GBPUSD)

  • #223,501
  • May 4, 2010 12:46am May 4, 2010 12:46am
Quoting forexlion
n e v e r forecast

trade what u see infront of ur eyes on chart

nice
Verily, in every difficulties there is relief
  • #223,502
  • May 4, 2010 12:54am May 4, 2010 12:54am
Quoting fivedollar
There's always some level of forecasting involved in various degrees right?
There are forecasting ... but the trick is to make sure your forecasting doesn't break your trading rules.
  • #223,503
  • May 4, 2010 12:58am May 4, 2010 12:58am
Cable just touched the 1.5200 level ... game on.

I'm waiting for the price action. Expecting to see a good long signal. Or maybe I will get a short signal. Let's see what market has in store for us.

Never predict. Just take whatever market throws at you.
  • #223,504
  • May 4, 2010 1:08am May 4, 2010 1:08am
Quoting luqmanz
Cable just touched the 1.5200 level ... game on.

I'm waiting for the price action. Expecting to see a good long signal. Or maybe I will get a short signal. Let's see what market has in store for us.

Never predict. Just take whatever market throws at you.
Short for today, see whether able to go long tomorrow.
Face both Win and Lose bravely
  • #223,505
  • May 4, 2010 1:11am May 4, 2010 1:11am
here`s my plan:

(this spring i find myself very sick and have lots of scary stuff ahead of me, so using forex, stock trade, gardening and sudoku to distract me from my fears)

been a trader for years and always struggled with forex but the passion keeps me coming back...i usually watched the lower time frames and failed. my new decisoin is the focus on the 4hr chart.

i scanned my old templates, some created by myself, and many from traders on ffactory. i have set up 14 gu charts (don`t laugh) and have at least 28 indicators as well as PA to help in my decisions.

next i found this thread for gu traders and their current trade ideas. now that has been interesting and helpful...lol. as i scanned the posts and decisons of others, i continually sifted through my 14 gu charts. and held to my short conviction. it was great to have a first win.

excuse the rambling and thx for the forex discusssion...farmhand
  • #223,506
  • May 4, 2010 1:16am May 4, 2010 1:16am
bla bla bla bla .. break ltl = timbeerrrrrrrrr.
bla bla bla bla .. else = ping pong back to 5330
Attached Image (click to enlarge)
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Thank You
  • #223,507
  • May 4, 2010 1:17am May 4, 2010 1:17am
Quoting ngiler
I know what you mean.. but i will not forecast anymore I will speculate
Good idea, I did it by hedging +20 pips target each surrounding DP no SL.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #223,508
  • May 4, 2010 1:17am May 4, 2010 1:17am
How to Tell the Sex of a Fly

http://img85.imageshack.us/img85/2171/82101047.gif

A woman walked into the kitchen to find her
husband stalking around with a fly swatter

'What are you doing?'
She asked.

'Hunting Flies'
He responded.

'Oh. ! Killing any?'
She asked.

'Yep, 3 males, 2 Females,' he replied.


http://img85.imageshack.us/img85/2835/30903133.gif

Intrigued, she asked.
'How can you tell them apart?'

He responded,
'3 were on a beer can,
2 were on the phone.
  • #223,509
  • May 4, 2010 1:22am May 4, 2010 1:22am
Quoting forexlion
How to Tell the Sex of a Fly

http://img85.imageshack.us/img85/2171/82101047.gif

A woman walked into the kitchen to find her
husband stalking around with a fly swatter

'What are you doing?'
She asked.

'Hunting Flies'
He responded....
That is a good one.
  • #223,510
  • May 4, 2010 1:28am May 4, 2010 1:28am
where is gu goin to land??
Attached Image (click to enlarge)
Click to Enlarge Name: may 4 2.gif Size: 25 KB
  • #223,511
  • May 4, 2010 1:31am May 4, 2010 1:31am
PMI came out earlier than expected, or just my computer playing tricks ?
  • #223,512
  • May 4, 2010 1:32am May 4, 2010 1:32am
am waiting ...
  • #223,513
  • May 4, 2010 1:33am May 4, 2010 1:33am
long @173 sl 163
Verily, in every difficulties there is relief
  • #223,514
  • May 4, 2010 1:41am May 4, 2010 1:41am
May the 4th, be with you!

Hey Wormie, I still owe you a beer - do you know Mark Becker in Gabs?
May the forex be with you |
  • #223,515
  • May 4, 2010 1:42am May 4, 2010 1:42am
Prim
What is your rational behind a long .. No real support ..against trend... not good news ??
  • #223,516
  • May 4, 2010 1:51am May 4, 2010 1:51am
Quoting lietuve
PMI came out earlier than expected, or just my computer playing tricks ?
Manuf PMI comes out 2 minutes early to Rueters subscribers. Along with a few other GBP news events. Check the explanation window.
  • #223,517
  • May 4, 2010 1:53am May 4, 2010 1:53am
Quoting primzvicious
long @173 sl 163
set sl @173

go green all the way
Verily, in every difficulties there is relief
  • #223,518
  • May 4, 2010 1:58am May 4, 2010 1:58am
See you all 2 morrow.

Happy pipping
Attached Image (click to enlarge)
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BE THE BEST YOU CAN BE AND BE IT TODAY
  • #223,519
  • May 4, 2010 2:00am May 4, 2010 2:00am
Quoting Pip Hunterr
Manuf PMI comes out 2 minutes early to Rueters subscribers. Along with a few other GBP news events. Check the explanation window.
You are right, thanks.
  • #223,520
  • May 4, 2010 2:01am May 4, 2010 2:01am
looks like a 30 min reversal candle, anyone long?
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