Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#225,981
May 12, 2010 5:11am May 12, 2010 5:11am

Exsilium
| Joined Nov 2009 | Status: Trader | 259 Posts

BoE Governor Merving King affirmed, on a press conference after the release of the Inflation Report, that the financial crisis is "far from over" and warned about potential dangers of a sovereign debt crisis. Furthermore, King said that the monetary policy committee has "not ruled out further bond purchases.".

What the hell does that mean for price movement? I honestly cant tell if thats good or bad.

#225,982
May 12, 2010 5:12am May 12, 2010 5:12am

Bull_Bear
Joined Mar 2009 | Status: FX | 3,789 Posts

Quoting Clouds

Disliked

it's not an up trend, it's consolidation. 5050 was highs, 4750 is lows, i think it'll break to down side, but good luck....

Ignored

Yup agreed its in a down trend but retracement is on the cards for me.

The drop was not US strength its GBP weakness in the EUR/GBP. Thats what my charts tell me rather than continued momentum. Lets see, make sure you lock her in mate, good luck clouds.

Veni, Vidi, Vici (We came, we saw, we conquered)

#225,983
May 12, 2010 5:12am May 12, 2010 5:12am

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

Quoting TheCatsPJs

Disliked

Hey Kill does the Camerilla need to be adjusted everyday to remain accurate if so what are the settings you would advise?

Your help would be appreciated and will save me having to trial and error it

Cheers
Cats

Ignored

no need but u can play with GMT shift sun its working till now the best sitting is 6.0

#225,984
May 12, 2010 5:13am May 12, 2010 5:13am

Clouds
Joined Apr 2008 | Status: Trader | 7,674 Posts

Quoting Exsilium

Disliked

I made about 100 pips yesterday with the belief that it would run to 4650... had hoped to make 200 but TS got hit, but here we are at 5000 area again and while everything seems to point down, im at a total loss for anything beyond 2-3 hours into the future, lol... and evidently i cant even glimpse that far as within 5 minutes my SL gets hit, lol.

Ah well, its all good, im still up, not as far as I was for the month, but up is up. Ill take it.

Ignored

the volatility is amazing. i can't look at anything less than 4 hr chart, sometimes 1 hr

#225,985
May 12, 2010 5:15am May 12, 2010 5:15am

CoffeeDrinke
| Joined Apr 2010 | Status: AFRIKANER :D | 449 Posts

KILL
That link to the thread you gave me i downloaded tht scripts now what i drag it onto my chart just nothing or then a bell jumps up and says some error, and yes my expert advisors thing is on.
The pc gods hate me

, complete dummy when it comes to stuff concerning pc's

#225,986
May 12, 2010 5:19am May 12, 2010 5:19am

MrCBee
| Joined Sep 2009 | Status: Trader | 29 Posts

Im in long 4915 also have sell limits at 5000 and 5115. Wait and see

#225,987
May 12, 2010 5:21am May 12, 2010 5:21am

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

Quoting CoffeeDrinke

Disliked

KILL
That link to the thread you gave me i downloaded tht scripts now what i drag it onto my chart just nothing or then a bell jumps up and says some error, and yes my expert advisors thing is on.
The pc gods hate me , complete dummy when it comes to stuff concerning pc's

Ignored

add them to expert and to exoert/indis look up click on the man with blue hat expert advisor have to be on

now look down u will see indicators expert advisor and custom indis

click on expert u will see them click on it

#225,988
May 12, 2010 5:22am May 12, 2010 5:22am

Clouds
Joined Apr 2008 | Status: Trader | 7,674 Posts

eur/usd is crashing, i think gbp/usd may follow shortly

#225,989
May 12, 2010 5:24am May 12, 2010 5:24am

Bull_Bear
Joined Mar 2009 | Status: FX | 3,789 Posts

Buy EUR

1.2665.. SL 1.2580 TP 1.2930

Veni, Vidi, Vici (We came, we saw, we conquered)

#225,990
May 12, 2010 5:40am May 12, 2010 5:40am

Geppyg
| Commercial User | Joined Mar 2009 | 1,423 Posts

Quoting Bull_Bear

Disliked

Buy EUR

1.2665.. SL 1.2580 TP 1.2930

Ignored

Hi BB,

I have been buying dips myself...Swing are not favourable just scalping at present...

Currently am long on both cable and euro
from 5:00 this morning...
Both Free Trades..

Have a good Day

Let Price determine your future!

#225,991
May 12, 2010 5:47am May 12, 2010 5:47am

Bull_Bear
Joined Mar 2009 | Status: FX | 3,789 Posts

Quoting Geppyg

Disliked

Hi BB,

I have been buying dips myself...Swing are not favourable just scalping at present...

Currently am long on both cable and euro
from 5:00 this morning...
Both Free Trades..

Have a good Day

Ignored

G bro, good to hear mate. You are the quiet achiever mate, don't make alot of noise but make a bit of BEER MONEY TM

Veni, Vidi, Vici (We came, we saw, we conquered)

#225,992
May 12, 2010 5:48am May 12, 2010 5:48am

bzyqe
| Joined Aug 2008 | Status: Trader | 75 Posts

Quoting kill56

Disliked

here u go bro

Ignored

thanks

#225,993
May 12, 2010 6:11am May 12, 2010 6:11am

bdbfx
| Commercial User | Joined Apr 2010 | 13 Posts

Quoting Exsilium

Disliked

Got a link for that EA?

MY SL was penetrated by about 7 pips and now its 50 pips up?? You gotta be joking me... pisses me off so much.

And to make matters worse the indicators i use, which are pretty reliable are telling me to enter again long at 4976.

Im scared, lol.

Ignored

Don't want to put links but just google manage the pip. You can hide stop losses by controlling them with the ea. You still should put a hard stop loss in for communication outage or computer failure however. For instance I can put a hidden stoploss peel offs at -34 -50 -54 -60 and a hard stop loss at -100 or -150. You still have the same risks, but the difference is the broker doesn't know about it because the EA send a close order at the negative profit levels. For those who have brokers out there that don't allow stop losses, which is crazy but at least you could use this. I think the guys have a download from there website. It has other features as well but I can't remember them all. The only things I really use is the take loss, take profit, and the trainer application they have.

Later

#225,994
May 12, 2010 6:19am May 12, 2010 6:19am

Fr3ed0x
| Joined Apr 2010 | Status: Trader | 122 Posts

any suggestions?

#225,995
May 12, 2010 6:21am May 12, 2010 6:21am

omar79
Joined Apr 2009 | Status: Trader | 120 Posts

buy 1.4925
s/ 1.4860
t/p 1.5100

Winning isn't Everything...Winning is THE ONLY THING

#225,996
May 12, 2010 6:22am May 12, 2010 6:22am

Geppyg
| Commercial User | Joined Mar 2009 | 1,423 Posts

Quoting Bull_Bear

Disliked

G bro, good to hear mate. You are the quiet achiever mate, don't make alot of noise but make a bit of BEER MONEY TM

Ignored

Hi BB,

To be honest ..the elections kept me quiet.
Just like yourself I swing trade so I generally have time to post but currently 10-15 Roundtrips on a pair takes a lot more time....

Have a wonderful trading day

Take it easy
Geppyg
( P.S I have started long term positioning for the euro...as well)

Let Price determine your future!