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Cable Update (GBPUSD)

  • #235,601
  • Jul 5, 2010 10:15am Jul 5, 2010 10:15am
the chart
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  • #235,602
  • Jul 5, 2010 10:26am Jul 5, 2010 10:26am
Quoting wormboy
i cleared the shorts @5103 cloggs.
reversed small long @5094 with 15 pips stop

here's why I cleared shorts & reversed. high probability setup + low risk is always a good thing .
Good luck.
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Thank You
  • #235,603
  • Jul 5, 2010 10:29am Jul 5, 2010 10:29am
Quoting javapips
well, actually there is nothing wrong with post an acc (if the acc owner is 'ok' too). you know jemmy? he ever post his acc (complete with graph, max lose, win, drawdown, etc) and we have good talk about that, cos from that we could see how jemmys psychology when trading, that could be a good lesson for us.
but it will be different if someone post his acc to be 'cocky', (well some peoples do that), you know it's just like a kid that 'show off ' in front of his friends "look look, did you see that? i could...
Java, I do not know Jimmy or his post but what is the harm if we leave these people alone instead of making comments - it wastes such a lot of time and space also spoiling atmosphere - some time I get bored reading the languae of many posters here... I posted earlier, one should only talk about what he is doing or what is the best thing to do under the circumstances and no need to make comment on what others are doing.
The best example of this WB - he makes his post but does not say this or that about others. I think it will improve the atmosphere here - as you know it has gone down very much with people using abusive language !

Anyway, What can't be cured has to be endured----
  • #235,604
  • Jul 5, 2010 10:35am Jul 5, 2010 10:35am
analysis please
  • #235,605
  • Jul 5, 2010 10:45am Jul 5, 2010 10:45am
Hey guys and gals

I have not posted much here in a long time but do read it often.I just wanted to get my thoughts in and post a chart.I have some good support in the 1.5100 range on my 4hr so I am long with a 30 pip s/l and I have a target of 1.5350 but that could change.Trade well!!
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Please ask questions and share your experiences with us all!
  • #235,606
  • Jul 5, 2010 10:45am Jul 5, 2010 10:45am
Quoting wormboy
i cleared the shorts @5103 cloggs.
reversed small long @5094 with 15 pips stop
Just got back, mine got stopped at the TL. Not going to CT this just yet, still expecting more consolidation on the H4 here. London closed, and NY pissed, am flat now on cable from an intraday perspective.
  • #235,607
  • Jul 5, 2010 11:02am Jul 5, 2010 11:02am
Quoting malcolmb14
what charts you looking at .. not same as mine . Make sure your internet connection is on

50 down 100 up 50 down.... make that 200 pip , all on very pre defined areas of s/r and in very nice 50 pip blocks

oh yeah forgot you liekly running ,t4 .. so maybe you did not get the 1st 50 pip in your chart

Attachment
So the pound did 300 what a joke is this how we count pips now! You guys sometimes are to much to understand! Its not a NEW PLATFORM I need its a new METHOD OF THINKING!
  • #235,608
  • Jul 5, 2010 11:22am Jul 5, 2010 11:22am
Quoting wormboy
i can't find me dancing bear
i like to think he just gone to stretch his legs...be back soon..cup of tea an all that
All systems of divination, like music itself,work through patterns.
  • #235,609
  • Edited 11:57am Jul 5, 2010 11:33am | Edited 11:57am
Quoting kingsteven
Hey it's better than GU, GU only move 33 pips.
King you need a new way of thinking & a new platform. I dont need to brag how many pips I made I show charts & where I WILL get in, in ADVANCE not after the move! Then its up to whoever listens to ask if I changed because the market CHANGES! If I reverse I can only tell you after I make my decision unless you ask before! Oh by the way closed shorts went long at 1.5110 because the price STOPPED DEAD ON 38.2 Fib so we might be reversing here or getting retrace till near upper APF Trendline. Here is my adjusted APF & if we dont retrace we have to break that before going any lower but I dont see that happening right now! Also if you look at the USDX & EUR/GBP 1HR Charts you will see that they confirm a retracement there you go my friend have a nice day!
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  • #235,610
  • Jul 5, 2010 11:42am Jul 5, 2010 11:42am
Hey guys!

I have a doubt about cam.

I have two setups called GMTshiftSun and GMTshift and I know they represent the time, but I dont know how they do that. So I want to know which number should I put on them. I'm in Brazil, GMT -3, its 13:40 now.

Thanks
  • #235,611
  • Jul 5, 2010 11:55am Jul 5, 2010 11:55am
i got head n shoulder forming....
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Gold Expedition Return This Year: -15.9%
  • #235,612
  • Jul 5, 2010 12:04pm Jul 5, 2010 12:04pm
Quoting baruch
Hey guys!

I have a doubt about cam.

I have two setups called GMTshiftSun and GMTshift and I know they represent the time, but I dont know how they do that. So I want to know which number should I put on them. I'm in Brazil, GMT -3, its 13:40 now.

Thanks
sorry man was busy but u got mail any way

my settings with windsor
gmtshiftsun =6.0
gmtshift=0.0

in u case try

shiftsun =6.0
shift=-3

my DP IS 15170 TRY to change the shift to match mine keep the shiftsun at 6.0
  • #235,613
  • Jul 5, 2010 12:06pm Jul 5, 2010 12:06pm
Quoting budak baru
i got head n shoulder forming....
You also have a BULL FLAG so witch one is going to win! You must be a newbie & I can tell you this dont try to imagine what might form you are nowhere near a head & shoulders & you will blow your account in less then 48hrs thinking like this because your brain will make you marry your position. And when you get married its till DEATH DO US PART!

I was short yesterday till 1.50 I said but this morning things had changed so I had to change or I would be giving my pips & money back.
  • #235,614
  • Jul 5, 2010 12:08pm Jul 5, 2010 12:08pm
Quoting Allseeingeye
You also have a BULL FLAG so witch one is going to win! You must be a newbie & I can tell you this dont try to imagine what might form you are nowhere near a head & shoulders & you will blow your account in less then 48hrs thinking like this because your brain will make you marry your position. And when you get married its till DEATH DO US PART!

v cool
  • #235,615
  • Jul 5, 2010 12:10pm Jul 5, 2010 12:10pm
Quoting budak baru
i got head n shoulder forming....
I would call this an inverted and ascending scallops, with a start of a bull flag but you are 2 hours away from the close of this bar to confirm the flag. To trade either pattern, you got to watch the throwback.
  • #235,616
  • Jul 5, 2010 12:12pm Jul 5, 2010 12:12pm
Quoting budak baru
i got head n shoulder forming....
I wouldn't take this as a head & shoulder pattern. A current left shoulder could as well be a head of a previous half formed H&S. But that's just 2 cents from a newbie
  • #235,617
  • Jul 5, 2010 12:16pm Jul 5, 2010 12:16pm
You can tell London is closed and NY is having a piss up, we are jumping on the noobs...... Nothing else to do with no market open.
  • #235,618
  • Jul 5, 2010 12:16pm Jul 5, 2010 12:16pm
Quoting mihazupan1
I wouldn't take this as a head & shoulder pattern. A current left shoulder could as well be a head of a previous half formed H&S. But that's just 2 cents from a newbie
Go to chartpatterns dot com & start to go backwards in your charts to see how you can form different patterns because they are excellent indicators if they conform with other technical's & especially fundamentals!

http://www.chartpatterns.com/
  • #235,619
  • Jul 5, 2010 12:17pm Jul 5, 2010 12:17pm
Quoting Allseeingeye
You also have a BULL FLAG so witch one is going to win! You must be a newbie & I can tell you this dont try to imagine what might form you are nowhere near a head & shoulders & you will blow your account in less then 48hrs thinking like this because your brain will make you marry your position. And when you get married its till DEATH DO US PART!

I was short yesterday till 1.50 I said but this morning things had changed so I had to change or I would be giving my pips & money back.
very irritating no respects other.im newbie and im here before u.
Gold Expedition Return This Year: -15.9%
  • #235,620
  • Jul 5, 2010 12:18pm Jul 5, 2010 12:18pm
Quoting budak baru
i got head n shoulder forming....
Go to chartpatterns dot com & start to go backwards in your charts to see how you can form different patterns because they are excellent indicators if they conform with other technical's & especially fundamentals!

http://www.chartpatterns.com/
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