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Cable Update (GBPUSD)

  • #229,221
  • May 31, 2010 5:43am May 31, 2010 5:43am
Quoting profxtrader
LOL = Long or Long. The only two choices hardcore bulls have.

OK this is fun, but PA is getting silly. I'm going to go take a nap and wake up for the non-existent US session.

Oh, many thax.

Kant u see dat 2day is turning out beautiful already? Have a nice nap but it won't be dull, all day
  • #229,222
  • May 31, 2010 5:46am May 31, 2010 5:46am
Still a newbie. So expect mistakes...
Attached Image (click to enlarge)
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  • #229,223
  • May 31, 2010 5:52am May 31, 2010 5:52am
Quoting profxtrader
LOL = Long or Long. The only two choices hardcore bulls have.

OK this is fun, but PA is getting silly. I'm going to go take a nap and wake up for the non-existent US session.



Oh many thanx.

Have a nice nap but it won't be dull all day
  • #229,224
  • May 31, 2010 6:04am May 31, 2010 6:04am
Closed the long at 1.4510. Now will enter at 1.4400. Good luck to all !
  • #229,225
  • May 31, 2010 6:31am May 31, 2010 6:31am
Quoting Bydyke
For me, the ultiamte is to become a confident and consistent trader like Cloggie, Magix, etc. And there is no better day to play around the market than on such a difficult day as this.

Have u noticed that since London was supposed to have opened (supposing today had not been a holiday) GU has not been respecting the Pivot points? Now if u are able to squeeze out pips such a tumultous scenario, wouldn't u be singing hurrah!
I just want to make money and I don't on days like this so I'll pass. Instead I write in forums
  • #229,226
  • May 31, 2010 6:39am May 31, 2010 6:39am
hi,
If I can get some review on my analysis on last page 15282 post 229230.
A brief description on possible move would be appreciated.
I know there are many pros on this thread.
  • #229,227
  • Edited 7:07am May 31, 2010 6:42am | Edited 7:07am
There's no clear trend now but the daily cable is below the 14 day EMA, there's a chance that it'll visit the low again.
  • #229,228
  • May 31, 2010 6:43am May 31, 2010 6:43am
Quoting Haymaker
Closed the long at 1.4510. Now will enter at 1.4400. Good luck to all !
you think it will get to 1.4400 today ?
what happened to your previous target of 1.4600 ? lol
  • #229,229
  • May 31, 2010 7:36am May 31, 2010 7:36am
I was right after all. I guess price action is the king when it comes to trading.
It is leading rather than lagging.
Trade closed with nice +40.
done for the day.
Attached Image (click to enlarge)
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  • #229,230
  • May 31, 2010 7:55am May 31, 2010 7:55am
Quoting newbie_fx
I was right after all. I guess price action is the king when it comes to trading.
It is leading rather than lagging.
Trade closed with nice +40.
done for the day.
i think wave 5 is not complete yet my wave 5 target is 1.4765
Gold Expedition Return This Year: -16.4%
  • #229,231
  • May 31, 2010 8:04am May 31, 2010 8:04am
Quoting Honored
you think it will get to 1.4400 today ?
what happened to your previous target of 1.4600 ? lol
Dude, what is up with you? Obviously since he closed his position he decided that his target was no longer valid. In trading sometimes the conditions of the trade are changed and you're an idiot to stay in out of spite or stubbornness... but then again a trader would know that...

I just read your posts and it seems like you're just in here to laugh at others observations while adding absolutely nothing to the value of the thread. If you disagree with someones analysis, post some of your own.. but then again, like I said above... a trader would..
Every time you use 'hopium' in a post, God kills a kitten.
  • #229,232
  • May 31, 2010 8:07am May 31, 2010 8:07am
Quoting Bydyke
Oh, many thax.

Kant u see dat 2day is turning out beautiful already? Have a nice nap but it won't be dull, all day
LOLZZZZZZ
Enter Signature
  • #229,233
  • May 31, 2010 8:07am May 31, 2010 8:07am
Well all I care is my daily target.
RSI(5) is starting to show signs of divergence. check out M5
Dont want to be greedy. that's all.
good luck to you, mate.http://cdn.forexfactory.com/images/icons/icon7.gif
  • #229,234
  • May 31, 2010 8:19am May 31, 2010 8:19am
It's undecided but still stays below the 14 day EMA. Possible downside risk. Therefore I've closed all my long positions. Happy trading everybody!
  • #229,235
  • May 31, 2010 8:19am May 31, 2010 8:19am
Well I am not trading today, not enough volume for my liking, but glancing at the charts, there is nothing in the way till 4567, H4 is starting to look like Cable has bottomed out, this week will tell; I may have to change my sentiment we reached my first target I set back in the beginning of March, my second target may need revising.
  • #229,236
  • May 31, 2010 8:41am May 31, 2010 8:41am
Quoting malcolmb14
hope mag does not mind but i refined his template a wee bit

here it is .. vsa and hulls with the cam and pivots on eu

the hulls is coloured hulls setting 34 on one and 50 on other

these will keep you in trend and very often stop you getting out of trade to early and simplify the movign averages mag uses somewhat

what a day on eu .. simple trading

with the green and red for trends and when 50 and 34 line up you cannot go wrong

the template mag uses work for him ... this is just my simple version as all those movign averages confuse...
Malcolm,

Can you post this template? Thanks.
  • #229,237
  • May 31, 2010 9:10am May 31, 2010 9:10am
Wish to all of you good trading in this bored day. Up to now, except scalping, nothing is really moving. Even scalping in EU and UJ, some wins, some losses and in general a flat day, nothing special was added to my account. No real signal to enter yet to GU. I'll wait more two hours, if nothing is here, i'll consider that tomorrow will be a very good trading day. Let's be optimist.
No Signal, No Trade. No fundamenals, No headache.
  • #229,238
  • May 31, 2010 9:32am May 31, 2010 9:32am
give attention at this hour..
I will be the number one Manager.
  • #229,239
  • May 31, 2010 9:42am May 31, 2010 9:42am
Quoting javapips
give attention at this hour..
Why is that?
Every time you use 'hopium' in a post, God kills a kitten.
  • #229,240
  • May 31, 2010 10:06am May 31, 2010 10:06am
make much money
we sold at 14524 X 3 lots
A little beginner trader since 2006
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