Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

Last Post
1 11505 11506 Page 11507 11508 11509 43752
1 Page 11507 43752

#230,121
Jun 6, 2010 9:07am Jun 6, 2010 9:07am

Tsar
Joined Dec 2009 | Status: The New Legend™ | 4,846 Posts

Quoting Baby-Trader

Disliked

Guys,
Be careful , if 1.42 broken we will see 1.35 faster than you can imagin.
the problem is what will happen if that 1.35 didn't hold.
See the chart.

Ignored

Nice INFO, Bro

I got Smell it in My Post #225234 May 10, 2010 1:10am
Almost ONE Month ago...

Always looking the GREAT, never left GOOD Point...

#230,122
Jun 6, 2010 9:09am Jun 6, 2010 9:09am

Tsar
Joined Dec 2009 | Status: The New Legend™ | 4,846 Posts

Quoting wormboy

Disliked

dx approaching very strong supp/res level ard 90.
be prepared for wild swings. attached chart here

good luck

Ignored

Hey Dragon... ops Wormie.
Nice to meet you again, Bro

Thank's for Analysis about DX

Always looking the GREAT, never left GOOD Point...

#230,123
Jun 6, 2010 9:22am Jun 6, 2010 9:22am

Tsar
Joined Dec 2009 | Status: The New Legend™ | 4,846 Posts

Quoting cloggie

Disliked

Here is the first inkling of trouble at the powerhouse, if they are starting to curtail spending how are they expected to bailout the rest of them:

http://online.wsj.com/article/BT-CO-...atestheadlines

http://news.bbc.co.uk/1/hi/business/10249804.stm

http://www.businessweek.com/news/201...-spending.html

Ignored

Hi cloggie,

Thank's so much your INFO, Bro

Always looking the GREAT, never left GOOD Point...

#230,124
Jun 6, 2010 9:53am Jun 6, 2010 9:53am

fixme1too
| Joined Apr 2006 | Status: Senior Member | 1,257 Posts

Thanks for accepting me in Bro.....

Quoting kill56

Disliked

welcome to the crackforex house

i like what i see keep it up

Ignored

#230,125
Jun 6, 2010 10:54am Jun 6, 2010 10:54am

theforexpert
| Joined Jul 2008 | Status: Trader | 115 Posts

To everyone who loves Cable like I do, this is for you... cash in before market open; just don't forget you're jumping on the train for a long ride

Attached Image (click to enlarge)

Click to Enlarge

Name: gbpusd-h4.gif
Size: 22 KB

From the tips to the dips, it's all about the pips

#230,126
Jun 6, 2010 11:31am Jun 6, 2010 11:31am

Artie
| Joined Mar 2010 | Status: Trader | 101 Posts

Here's my analysis to start the week. I'm not looking down yet.

Weekly
1. Coming off the 78.2 fib
2. Last week gravestone doji (inverted pin bar) and prev week rickshaw doji - indicates uncertainty at the moment and could mean a change in trend
3. Side note for the long term - trend is down, but move above 5525 brings a pennant formation into play
H4
1. At the 61.8 fib
2. 4445 PPZ has some good S/R history - more than just the last couple of months (the trendline is theoretical for now)
H1
1. First target - 4545 just above 38.2 fib. MAs should be converging just above that level.
2. All possible targets with fib & PPZ in yellow boxes.

My ace in the hole is Wormie's DXY analysis Amazingly consistent.

I'm flat now and will wait for the MAs and Cams to lead the way.

If I'm wrong, then I'll look down to 4375 - 78.2 fib and the next LTL, but will still keep eventual upside as an option (see H4 chart). Feedback is appreciated.

Attached Image(s) (click to enlarge)

Click to Enlarge

Name: gbpusd W 20100606a.gif
Size: 23 KB

Click to Enlarge

Name: gbpusd H4 20100606a.gif
Size: 26 KB

Click to Enlarge

Name: gbpusd H1 20100606a.gif
Size: 24 KB

The market is always right.

#230,127
Jun 6, 2010 12:13pm Jun 6, 2010 12:13pm

malcolmb14
Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts

Quoting newbie_fx

Disliked

If you sink your head in what I have written. This is for beginners. And if you keep reading further than 2 lines you will find out that you can trade with 1:50 leverage maximum. Initial money management helps you not to blow your account like so many traders do. My point is to protect your initial investment.

If you start with the rules of this MM you will never suffer a Margin Call. Later you can start with trading big if you start becoming successful.

Thanks for your reply anyway.

Newbie_fx

Ignored

good post and you are on the right track .

mm is key in this game , you can have the best system in the world but if you have one bad trade with to much leverage boom goes the account
Those that say they make 1600% in 2 weeks ON account (not on trade) are risking almost all their account per trade. as soon as market gfoes out of range and into trend they are not ready ready for ... kaboom

as mentioned last week those that are still in this business in 10 years and making money at it are those that manage risk the best , not those with the best systems

Blogging daily now at www.volume.zone

#230,128
Jun 6, 2010 12:17pm Jun 6, 2010 12:17pm

malcolmb14
Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts

Quoting mouse09

Disliked

Guys, my strategy is 5-8% every day (compound).

I have lost very much already.

Could you explain me please, is it safe if I'm making 5% when I catch 45 pips?

*I'm ONLY gbp/usd trader and usually shut off my orders if I see minus 70 pips.

Ignored

5-8% is to high . What do you risk to make this and how many trades do you do that are profitable

if you risk 5% to make 5% you need to be profitable more than 55% of the time to make it worth your while.

I am a fairly advanced trader and I have about 70% accuracy on trades , but my losses are much smaller than my gains.

look to risk only 1% on account make per trades , look to make 1 to 1.5 % per trade ( 50 pip stop to 75 pip tp ) , keep track of %age profitable trades,. If you are under 50% you better look at your trading skills before you go any further .

hope this helps

Blogging daily now at www.volume.zone

#230,129
Jun 6, 2010 12:21pm Jun 6, 2010 12:21pm

malcolmb14
Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts

Quoting ramksanj

Disliked

I have read the post by Kill56 and have drawn the fib on the chart attached, can you please have a look and let me know if i have done it right.
Also as per my understanding after reading the earlier post is it right to make the assumption that as it has retraced to 38.2 it is now expected that it would fall to the 138.2 levels, if it fails to move up and beyond the 23.6 levels.

Please help me with my understanding ....

Many thanks for your kind help.

Ignored

here is where fib expansion come in handy

you have a high , low and lower high , or a 1-2-3 sell formation on which you can place fe ... the 61.8 is our 1st target

Attached Image (click to enlarge)

Click to Enlarge

Name: eu05.gif
Size: 29 KB

Blogging daily now at www.volume.zone

#230,130
Jun 6, 2010 12:24pm Jun 6, 2010 12:24pm

fixme1too
| Joined Apr 2006 | Status: Senior Member | 1,257 Posts

low so far 4432 which isn 261.8 of that prev wave on 4 hour chart lets see if we can now go up 78% of this 261.8 which would be that 4629 area i have been speaking of oanda is open now and we just bounced right off of 1.4432

Attached Image (click to enlarge)

Click to Enlarge

Name: pound 4 hr s.gif
Size: 15 KB

#230,131
Jun 6, 2010 12:24pm Jun 6, 2010 12:24pm

malcolmb14
Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts

follow up

here is a euro chart .... on shorter time frames with fib expansions the 100 and then the 161.8 are you targets

think it is by chance price move down to the 161.8 today on eu at open

Attached Image (click to enlarge)

Click to Enlarge

Name: chart2292.png
Size: 140 KB

Quoting malcolmb14

Disliked

here is where fib expansion come in handy

you have a high , low and lower high , or a 1-2-3 sell formation on which you can place fe ... the 61.8 is our 1st target

Attachment

Ignored

Blogging daily now at www.volume.zone

#230,132
Jun 6, 2010 12:29pm Jun 6, 2010 12:29pm

fixme1too
| Joined Apr 2006 | Status: Senior Member | 1,257 Posts

Attached Image (click to enlarge)

Click to Enlarge

Name: pound 4 hr sl.gif
Size: 17 KB

#230,133
Jun 6, 2010 12:33pm Jun 6, 2010 12:33pm

malcolmb14
Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts

s and p and fib expansions on daily .... 1-2-3 sell formation , bounced off 78.6 to form bear flag , breaking bear flag in coming week with target 161.8 at 916.

this may take gu down to 1.3680 seen in 2001

Attached Image (click to enlarge)

Click to Enlarge

Name: chart2293.png
Size: 171 KB

Blogging daily now at www.volume.zone

#230,134
Jun 6, 2010 12:39pm Jun 6, 2010 12:39pm

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

hi all

mal thanks for the help

till now we are gaping down

gu 14432

eu 11947

#230,135
Jun 6, 2010 12:48pm Jun 6, 2010 12:48pm

hhitch
| Joined Jun 2006 | Status: Trader | 451 Posts

I like this one looks like symmetrical H & S. might fool some people into going long then fall like a rock

Quoting kill56

Disliked

my 2drakhmas i might be wrong
http://cdn.forexfactory.com/attachme...1&d=1275839389

Ignored

"The real genius is knowing when to stop." - Marc Faber

#230,136
Jun 6, 2010 1:19pm Jun 6, 2010 1:19pm

cloggie
Joined Oct 2009 | Status: Trader | 15,211 Posts

Oanda has 44121 and 19244 for fibre.

#230,137
Jun 6, 2010 1:35pm Jun 6, 2010 1:35pm

Baby-Trader
Joined Oct 2009 | Status: Trader | 1,342 Posts

Quoting malcolmb14

Disliked

here is where fib expansion come in handy

you have a high , low and lower high , or a 1-2-3 sell formation on which you can place fe ... the 61.8 is our 1st target

Attachment

Ignored