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Cable Update (GBPUSD)

  • #227,561
  • May 19, 2010 4:22am May 19, 2010 4:22am
Quoting winsome
volitility index for nyse. work out from the the amount of pottys/ calls on the nyse.
ok
  • #227,562
  • May 19, 2010 4:29am May 19, 2010 4:29am
Dame flu knocked me on my arse for the last couple of days, am back online now....

It's a buy...

1.4265.. SL 1.4190.. TP 1.4400
Attached Image (click to enlarge)
Click to Enlarge Name: cable.JPG Size: 128 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #227,563
  • May 19, 2010 4:32am May 19, 2010 4:32am
Quoting Magix
The dollar value is not the importance, but the percentage and pip gains are. If you can make money in the micros, it will help infinitely when moving up into the bigger trades.
One of the most important bits of advice!!!

I, like many others probably, have gone in all guns blazing and bagged a few good trades for modest pips but big bucks. This leads to the inevitable feeling of invincibility, and then the downfall and emptying of accounts

As Yoda once didnt say, pips lead to cockiness, cockiness leads to greed, greed turns to suffering.
Back to basics, it has to be for me!
  • #227,564
  • May 19, 2010 4:33am May 19, 2010 4:33am
Quoting 4xStar
I was beginning to wonder if you ever slept....
he has EA to post a thread
Verily, in every difficulties there is relief
  • #227,565
  • May 19, 2010 4:35am May 19, 2010 4:35am
Quoting Bull_Bear
Dame flu knocked me on my arse for the last couple of days, am back online now....

It's a buy...

1.4265.. SL 1.4190.. TP 1.4400
Been wondering where you are ... Tks for confirming my view. Long. Sorry no Chart - do not use MT4.- TP Open.
  • #227,566
  • May 19, 2010 4:35am May 19, 2010 4:35am
Quoting Magix
One of the points I have been trying to show with the micro account that I am trading is what can be accomplished with consistent gains. The dollar value is not the importance, but the percentage and pip gains are. If you can make money in the micros, it will help infinitely when moving up into the bigger trades.
One trick I am using with my micro account is to think in terms of standard lots .. so if I am up 20 pips on a trade, instead of thinking "only $2 profit, that's not much" I think: "$200 profit .. is that enough for this trade? "
Helps put things in perspective... and makes me realize even the smaller profits can add up quickly .. 5 of those a day would be $1k per day. Not bad.
******************* I'd rather make money than be right.
  • #227,567
  • May 19, 2010 4:44am May 19, 2010 4:44am
Quoting vilas
Been wondering where you are ... Tks for confirming my view. Long. Sorry no Chart - do not use MT4.- TP Open.
No problems V, It is a counter trend trade and risk are scewed higher.

Lets see how she plays out, good Luck.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #227,568
  • May 19, 2010 4:49am May 19, 2010 4:49am
usa futures all making new lows for the day. ym (dow futures) -109
  • #227,569
  • May 19, 2010 5:11am May 19, 2010 5:11am
If the next two 2hr candles close above current candle open then this is probably a good buy - could be a reversal
  • #227,570
  • Edited 5:46am May 19, 2010 5:13am | Edited 5:46am
Quoting Bull_Bear
Dame flu knocked me on my arse for the last couple of days, am back online now....

It's a buy...

1.4265.. SL 1.4190.. TP 1.4400
Welcome back BB, I went long as well at 1.4265 but my target is a level between 1.4314 / 443, where I plan to go short there then ! GL !

My review ---> current weekly S1 1.4277 is in play, may spike up may sipke down there for about at least 50 - 100 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #227,571
  • May 19, 2010 5:42am May 19, 2010 5:42am
Quoting Bull_Bear
Dame flu knocked me on my arse for the last couple of days, am back online now....

It's a buy...

1.4265.. SL 1.4190.. TP 1.4400
Missed the chance to post this live. I have decided to slaped her down at 1.4276

Closed @ 1.4276

She's looking Heavy to the downside

Sell @ 1.4276.. SL 1.4330.. TP 1.4170
Attached Image (click to enlarge)
Click to Enlarge Name: cable.JPG Size: 129 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #227,572
  • May 19, 2010 5:42am May 19, 2010 5:42am
Re test o 1424 low but doubt it has the legs!!
  • #227,573
  • May 19, 2010 5:48am May 19, 2010 5:48am
Quoting manize
Welcome back BB, I went long as well at 1.4265 but my target is a level between 1.4314 / 443, where I plan to go short there then ! GL !

My review ---> weekly S1 1.4277 is in play, may spike up may sipke down there for about at least 50 - 100 pips !
Thnks bro dame bug got me hard.

I've just slaped her down again, look to go long a little further down for me now.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #227,574
  • May 19, 2010 5:56am May 19, 2010 5:56am
Quoting Bull_Bear
Missed the chance to post this live. I have decided to slaped her down at 1.4276

Closed @ 1.4276

She's looking Heavy to the downside

Sell @ 1.4276.. SL 1.4330.. TP 1.4170
Nice done, mine is at BE !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #227,575
  • May 19, 2010 6:03am May 19, 2010 6:03am
Quoting manize
Nice done, mine is at BE !
Possible support line at 4236 to watch
Trade what you see never what you think!
  • #227,576
  • May 19, 2010 6:24am May 19, 2010 6:24am
Possible start of a move up, very low risk trade stop under last low.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 19th may 2010.gif Size: 22 KB
  • #227,577
  • May 19, 2010 6:36am May 19, 2010 6:36am
looks like we don't have to wait till friday. what a crazy 24 hours. To think that I use to navigate these waters without a good chart and attention to the price action. (thanks magix and mb)

I think i'll have to leave my pivot points aside just for now. It looks like hedge funds are unwinding some risky bets and in these circumstances, any pivotal support points are there to be broken me thinks.

Fundamentally i'm hesitant on shorting it at these levels (too far too fast).

Nor am i keen on going long. (charts says NO)

I'm confused and paralyzed. The other option is to take 10 pips back and forth but that's hard work for little ROI me thinks.

Maybe times like this, its good to take a little holiday.
  • #227,578
  • May 19, 2010 7:48am May 19, 2010 7:48am
Quoting fxsignal
Possible start of a move up, very low risk trade stop under last low.
Agree ! 1.4277 still in play where M15 candle has shown a strong bend up !
Critical area in my view is 1.4343 - 1.4407 !

PPI and CPI news 7.30 am --> no good for USD, actual < forecast !
Attached Image (click to enlarge)
Click to Enlarge Name: 180510.gif Size: 77 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #227,579
  • May 19, 2010 8:01am May 19, 2010 8:01am
Quoting manize
Agree ! 1.4277 still in play where M15 candle has shown a strong bend up !
Critical area in my view is 1.4343 - 1.4407 !

PPI and CPI news 7.30 am --> no good for USD, actual < forecast !
On MT4 Try

Alt + F + i + Enter + (filename) + Enter

Then just attach what u get here, instead of the whole thingy with diapers and everything
  • #227,580
  • May 19, 2010 8:04am May 19, 2010 8:04am
Quoting forexlion
On MT4 Try

Alt + F + i + Enter + (filename) + Enter

Then just attach what u get here, instead of the whole thingy with diapers and everything

end result is a chart without diapers

http://img232.imageshack.us/img232/1043/cable.gif
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