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Cable Update (GBPUSD)

  • #226,961
  • May 17, 2010 4:58am May 17, 2010 4:58am
Look Daily 1 chart --> She goes start to perform a nice bullish pin bar once moves above 1.4475 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #226,962
  • May 17, 2010 5:01am May 17, 2010 5:01am
It looks like today is producing a fine hammer on the daily chart, I wonder if we will get a reversal from here? Closed my longs for a nice profit - finally in profit for the day! Starting to wonder if it was a good idea closing them...

Anyone else think we are due a reversal up to the 1.5 mark?
  • #226,963
  • May 17, 2010 5:04am May 17, 2010 5:04am
Quoting Bleek
I don't like TA (and I never, ever, listen to PA) on my charts, personally I believe it clouds judgement.
Well, I suppose it's TA without the TA in a way, because if you are making notes of things like (for instance) daily highs and lows and London openings for example, the analysis has already been done in them figures as things seem to follow them (e.g. fibs).

Whatever method you use, it's obviously working!!!

I've downloaded a load of historical data actually to sift through in good old excel to see if I can come up with a few ideas. It's doubtful, but you never know until you try!
Back to basics, it has to be for me!
  • #226,964
  • May 17, 2010 5:09am May 17, 2010 5:09am
at 4H tf i got uptrend signal..
it valid or not?
master...
plz comment..
Revesal Trader
  • #226,965
  • May 17, 2010 5:17am May 17, 2010 5:17am
Quoting BadTradingFi
Well, I suppose it's TA without the TA in a way, because if you are making notes of things like (for instance) daily highs and lows and London openings for example, the analysis has already been done in them figures as things seem to follow them (e.g. fibs).

Whatever method you use, it's obviously working!!!

I've downloaded a load of historical data actually to sift through in good old excel to see if I can come up with a few ideas. It's doubtful, but you never know until you try!
Tip.

Immediately after large swings there are consolidations and range trading possiblities become available. Great news if you follow and averaging system.
  • #226,966
  • May 17, 2010 5:19am May 17, 2010 5:19am
Quoting OldReigatian
Afternoon all, see a few differing views on here with bias to short side. Just lodged a short at 1.4459 as its about 200 pips above daily low. Reasonably confident there will be a dip even if we see daily close headed north, so I'm happy to take a 30 pip on this trade.

Who thinks we are likely to see consolidations between here and 1.50?

Keep lucky
Closed at 1.4437 for 22 pips.

EDIT: Should have stayed in longer!!
  • #226,967
  • May 17, 2010 5:27am May 17, 2010 5:27am
Quoting OldReigatian
Closed at 1.4437 for 22 pips.

EDIT: Should have stayed in longer!!
Good pipping! I think we will see a consolidation and rise back to 1.5. want to get back in long, just waiting for an entry. Soon, I think..
  • #226,968
  • May 17, 2010 5:28am May 17, 2010 5:28am
Quoting OldReigatian
Closed at 1.4437 for 22 pips.

EDIT: Should have stayed in longer!!

any regrets now
  • #226,969
  • May 17, 2010 5:30am May 17, 2010 5:30am
hi all

i hope every body got some green

last night was great and sweet

best of luck to all of u
  • #226,970
  • May 17, 2010 5:32am May 17, 2010 5:32am
Quoting The Magician
Good pipping! I think we will see a consolidation and rise back to 1.5. want to get back in long, just waiting for an entry. Soon, I think..
Back in for long at 1.4406 tp around 1.446

EDIT; Sorry trading off iphone. quoted the bid price at time. Think trade booked somewhere around 1.4409/10
  • #226,971
  • May 17, 2010 5:32am May 17, 2010 5:32am
http://fxdom.ru/uploads/posts/126923...pusd-weely.gif
  • #226,972
  • May 17, 2010 5:33am May 17, 2010 5:33am
Quoting kill56
hi all

i hope every body got some green

last night was great and sweet

best of luck to all of u
Yes, voodoo magic

Early to sleep last night so missed it all, however looking like a bit more upward movement might be on the way soon. Hope so at least, my banking shares are tumbling with every cable drop!
Back to basics, it has to be for me!
  • #226,973
  • May 17, 2010 5:35am May 17, 2010 5:35am
Quoting mygoldenpips
at 4H tf i got uptrend signal..
it valid or not?
master...
plz comment..
Time will tell the truth !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #226,974
  • May 17, 2010 5:35am May 17, 2010 5:35am
Quoting OldReigatian
Back in for long at 1.4406 tp around 1.446
I'm also in again long at 410
  • #226,975
  • May 17, 2010 5:40am May 17, 2010 5:40am
Quoting BadTradingFi
Yes, voodoo magic

Early to sleep last night so missed it all, however looking like a bit more upward movement might be on the way soon. Hope so at least, my banking shares are tumbling with every cable drop!

will a fter 300pips drop a retrace is ok but i dont see much of a strong move it will be limited from here but cable is crazy u know that
  • #226,976
  • May 17, 2010 5:49am May 17, 2010 5:49am
Quoting kill56
will a fter 300pips drop a retrace is ok but i dont see much of a strong move it will be limited from here but cable is crazy u know that
Agreed. After 1.4460 I think it will be a fast ride back down towards close of London. Wouldn't be surprised to see daily low tested again by close of play. voodoo boodoo yoodoo Idont
  • #226,977
  • May 17, 2010 5:55am May 17, 2010 5:55am
Quoting The Magician
I'm also in again long at 410
Meeting beckons. Out at 1.44168 for (drum roll) about 10 pips max.

Set short entry order at 1.4470 but not convinced it will get that high now.

Never mind.
  • #226,978
  • May 17, 2010 5:57am May 17, 2010 5:57am
With elections in mind, i think CABLE right now is a dangerous place to be ! At times the pound won't obbey the euro !
  • #226,979
  • May 17, 2010 6:16am May 17, 2010 6:16am
Quoting OldReigatian
Meeting beckons. Out at 1.44168 for (drum roll) about 10 pips max.

Set short entry order at 1.4470 but not convinced it will get that high now.

Never mind.
Yeah I agree.. shorting at 1.4470.

But again not very sure about whether it will reach that.
  • #226,980
  • May 17, 2010 6:18am May 17, 2010 6:18am
Hey guys does anyone trade GOLD here!!!

Any suggestions.
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