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Cable Update (GBPUSD)

  • #231,321
  • Jun 13, 2010 6:42am Jun 13, 2010 6:42am
Quoting forexlion
Monday, Cable will open with a HUGE GAP upwards, closer to 1.46729 or above

well the current rate is 1.46729

lion
  • #231,322
  • Jun 13, 2010 6:44am Jun 13, 2010 6:44am
Quoting forexlion
Problem is that all weapon manuals are in russian, I have no choice but to learn the language.
i have the manuals for ss300 u want it
  • #231,323
  • Jun 13, 2010 6:47am Jun 13, 2010 6:47am
hi all

go here and see if lion is right

http://www.xe.com/
  • #231,324
  • Jun 13, 2010 7:02am Jun 13, 2010 7:02am
Quoting newbie_fx
One thing about EW5 I believe is always trade wave 3 only and that too when high of wave1 is broken significantly. Other than that is all guess work. I think this picture will help. I am not recommending anything as my scenario has not yet met.
The new wave could be a start of new EW5 downwards or is retracement wave of the whole big up move means it is wave 2 and may start forming wave 3 but it must break high of wave 1 other wise this is new wave1 in downwards direction.
My view only trade wave 3.
Any way I would also appreciate a feedback from...
Thanks i appreciate the feedback and i will try to do some more reading ....
  • #231,325
  • Jun 13, 2010 7:43am Jun 13, 2010 7:43am
Hi Newbie..EW only has a few rules..other than that their are many variations and probabilities...why would you only trade one wave? Yes wave 3 is ALMOST ALMOST always the largest wave..but it can also just be as big as other waves RULE: wave 3 cannot be smallest wave
There are extensions to learn about..yes w5 may be a failur and indicate a turnaround or it may be equal to w1 or it may be an extension and be the length of w1+3..Momentum and MacD are great indicators to look for divergence. I am posting som basic info from book: Elliot Wave Principle by Robert Balan..a friend gave me. I hope this helps!
Quoting newbie_fx
Thanks mate, I know that but I think you might want to read this;
[color=#333333][color=#333333][font=Tahoma]
Wave 5[font=Tahoma][color=#333333] is supported by retail forex traders (normal folks like you and me), not institutional traders (the herd). Wave 5 tends to lack the momentum generated by the Wave 3 rally. This move will create divergence that can be measured on any technical oscillator, MACD, stochastics etc. Once the highs of Wave 3 are broken by Wave 5, the rally loses steam and starts...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: wave1-3 001.jpg Size: 191 KB
Click to Enlarge Name: wave 5 001.jpg Size: 197 KB
  • #231,326
  • Jun 13, 2010 8:17am Jun 13, 2010 8:17am
Quoting forexlion
Monday, Cable will open with a HUGE GAP upwards, closer to 1.46729 or above

well the current rate is 1.46729

Dude?? Where did you get those figures??
  • #231,327
  • Jun 13, 2010 8:28am Jun 13, 2010 8:28am
Quoting usdivers
Dude?? Where did you get those figures??

I think we will see an up
and a drop like a stone!!

teb
  • #231,328
  • Jun 13, 2010 8:43am Jun 13, 2010 8:43am
Quoting StarChild
Hi Newbie..EW only has a few rules..other than that their are many variations and probabilities...why would you only trade one wave?...
Hi mate,
We are on the same side and we are fighting sharks. My view they can easily manipulate market with their 1000 lots. Every thing comes with a pinch of salt and they would not put it on a platter for us as they want us to loose for them to win. As you said there are many probability of failures of 5 and 2 and even 4 if it goes below high of 1. But 3 is the safest once it goes above 1 not many chances of failing that cause at most it can turn out to be 123 wave but we still make money.
In the end my ID suggests everything and I am ready to debate not argue and I don't consider myself a pro though I am in this since 1 year. peace.
Thank you.
  • #231,329
  • Jun 13, 2010 8:49am Jun 13, 2010 8:49am
Nameste Brother! We are fighting together on many levels! Peace to you and ALL!
Quoting newbie_fx
Hi mate,
We are on the same side and we are fighting sharks. My view they can easily manipulate market with their 1000 lots. Every thing comes with a pinch of salt and they would not put it on a platter for us as they want us to loose for them to win. As you said there are many probability of failures of 5 and 2 and even 4 if it goes below high of 1. But 3 is the safest once it goes above 1 not many chances of failing that cause at most it can turn out to be 123 wave but we still make money.
In the end my ID suggests everything and I am ready to...
  • #231,330
  • Jun 13, 2010 8:57am Jun 13, 2010 8:57am
kill56..
how to see the gap forexlion told about..
if using ex.com now price only at 45555
my broker stop at 4547..
Revesal Trader
  • #231,331
  • Jun 13, 2010 8:58am Jun 13, 2010 8:58am


Quoting TEB63
I think we will see an up
and a drop like a stone!!

teb
Attached Image (click to enlarge)
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  • #231,332
  • Jun 13, 2010 9:01am Jun 13, 2010 9:01am
Quoting mygoldenpips
kill56..
how to see the gap forexlion told about..
if using ex.com now price only at 45555
my broker stop at 4547..
I get the same prices here, I was wondering where he is getting his information from???
  • #231,333
  • Jun 13, 2010 9:23am Jun 13, 2010 9:23am
As the hedge funds and banks have traders trading big lots. They must be having business lunches and meetings and are friends with other institutional traders. They must be getting together and saying lets everybody sell at certain level/price and belt the tripe out of GU today and make that scary spike and suck in lots of retail traders.
I think there are many big traders here too and combine everyone here we all decide that on a certain day we all will sell/buy GU and get them once in for all. But then who puts bell on the cat first.
Which means we all are individually fighting an army who has an upper hand.

But imagine for once we all get together we can surely beat them in their own game.


don't take it too serious...http://cdn.forexfactory.com/images/icons/icon12.gif
  • #231,334
  • Jun 13, 2010 9:35am Jun 13, 2010 9:35am
Quoting usdivers
I get the same prices here, I was wondering where he is getting his information from???
yeah..
if that true..i can smile
coz i got 1 op..
buy gu..
now +33pips
my SL is + 1pips
if gap up..i happy
if down..hit my SL..got 1pips..
Revesal Trader
  • #231,335
  • Jun 13, 2010 10:08am Jun 13, 2010 10:08am
Quoting mygoldenpips
yeah..
if that true..i can smile
coz i got 1 op..
buy gu..
now +33pips
my SL is + 1pips
if gap up..i happy
if down..hit my SL..got 1pips..
IF the market opens on a gap against your trade, it will close at the first available price, if your tp is +1 and market gaps 50 against, your trade will still close at -50. Weekend holds can be dangerous for just that, you have no control and no safety nets on you trades.

There are a lot of pips to be made when we can trade what we see...there is a lot of bloodshed that can wipe out your weekly gains on a weekend guess.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #231,336
  • Jun 13, 2010 10:10am Jun 13, 2010 10:10am
Quoting Magix
IF the market opens on a gap against your trade, it will close at the first available price. Weekend holds can be dangerous for just that, you have no control and no safety nets on you trades.

There are a lot of pips to be made when we can trade what we see...there is a lot of bloodshed that can wipe out your weekly gains on a weekend guess.

yeh..
but dont worry sir..
alredy locking my SL at +1pips
if gap down..
will hit my SL..
Revesal Trader
  • #231,337
  • Jun 13, 2010 11:02am Jun 13, 2010 11:02am
NO GREED, NO FEAR, NO HOPE: why hopeless to make a prayer.
In this forex battle only devil listens to player,s prayers. Satan is of no help
  • #231,338
  • Jun 13, 2010 11:13am Jun 13, 2010 11:13am
Quoting mygoldenpips
kill56..
how to see the gap forexlion told about..
if using ex.com now price only at 45555
my broker stop at 4547..
bro lion is a good trader but crazy like to have fun i dont see any gap till now lets see how the market opens

in the main time the advice is not to keep any positions open in the weekend its risky
  • #231,339
  • Jun 13, 2010 11:35am Jun 13, 2010 11:35am
Quoting kill56
bro lion is a good trader but crazy like to have fun i dont see any gap till now lets see how the market opens

in the main time the advice is not to keep any positions open in the weekend its risky

cant help sir,to greed..
Revesal Trader
  • #231,340
  • Jun 13, 2010 11:54am Jun 13, 2010 11:54am
hi all some thing to play with

dont ask me read below i am not good at it

http://www.iforex-indicators.com/ell...indicator.html
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