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Cable Update (GBPUSD)

  • #240,661
  • Jul 23, 2010 9:17am Jul 23, 2010 9:17am
Quoting HowieTrader
Agreed... Spent most of my time reading online article (maybe some ebooks, was not sure it is legal or not...)

Anyway, I know some websites that are quite resourceful, but anyone know if it is OK to promote other websites inside the forum? I'm not getting banned for those action if it is not OK...

I've posted websites before, but maybe there is a rule about it.. I think links in the forum are alright.
"Keep your eyes on the helpers" - Mr. Rogers
  • #240,662
  • Jul 23, 2010 9:18am Jul 23, 2010 9:18am
F*&$ ME!

Swissy baby.. to the moon... Cable and Euro are dead!

Inserted Video
"Keep your eyes on the helpers" - Mr. Rogers
  • #240,663
  • Jul 23, 2010 9:18am Jul 23, 2010 9:18am
Quoting forex_growth
hey bro where can I find good information on reverse signals etc...? Im still a newbie and struggled a few months ago and obviously did very badly - lack of patience! anyway Im back in - only small stuff so this week I made 200 bucks and last week 700, which isnt much but Im only trading 50 cents and 1 dollar

anyway at the moment Im relying alot on the information here and off friends, then looking at my own charts and pivots (sometimes trend lines - although they dont look very good LOL) and making my own decision whether I think its worth...
The best place to start is candles and patterns, know your flag from your pendant, your babies from your clouds and harami's. Know the probability of success of each and how to spot them quickly on each and every TF. Then have a study on TL's, fibs, pivots and MA's. Then know your correlation between pairs, commodities and stock indices. Then put it all together and start watching the charts.
  • #240,664
  • Jul 23, 2010 9:19am Jul 23, 2010 9:19am
Quoting xenu
OK, that's cool, so, do you see answer here, on this topic?
yeah thanks no worries
"Millionaires don't use astrology, billionaires do"
  • #240,665
  • Jul 23, 2010 9:20am Jul 23, 2010 9:20am
The pair is seen traded in a close range; Shorts should aware that there is a good support @ 1.53410 in 1H TF which is a Kijun-sen line...
RSI is starting to form a curvy shape, probably Longs are kicking in or maybe just people taking profits (I don't know for sure...)

Anyway, the major pressure would be the news to be released later, it is about Bank's stress test about something... (Can't tell if it is important compared to my chart behavior)
Attached Image
  • #240,666
  • Jul 23, 2010 9:22am Jul 23, 2010 9:22am
Quoting 4xStar
Lady Sterling: "Now .. where was I before I was so RUDELY interrupted by that stupid rumor...."
Ladt Sterling " Oh b@lls. cant be bothered with all this cr@oop anymore, arefter all it is end week ,just going to wash me hair,paint ones nails and show the visitors 'round tommorrow...shall have a little lie down first. Monday ,is. after aarrrrlll. another day"
All systems of divination, like music itself,work through patterns.
  • #240,667
  • Jul 23, 2010 9:23am Jul 23, 2010 9:23am
Quoting forex_growth
thanks bro youre right... hmmmm why didnt I think of that...?! or maybe its cus I read a forum full of good experienced traders who have been there and done it and know whats good to read and whats not good to read... If a med student ever asked me a similar question, I'd say you know theres too much to learn and impossible to learn it all.. so concentrate on this and that and you'll do well!

but then again I like to help people.. its called karma!
good answer
  • #240,668
  • Jul 23, 2010 9:27am Jul 23, 2010 9:27am
Quoting forex_growth
beauty thanks guys - good point on searching forum!
hehehehe, bet you're glad about that.
  • #240,669
  • Jul 23, 2010 9:28am Jul 23, 2010 9:28am
Quoting forex_growth
thanks bro youre right... hmmmm why didnt I think of that...?! or maybe its cus I read a forum full of good experienced traders who have been there and done it and know whats good to read and whats not good to read... If a med student ever asked me a similar question, I'd say you know theres too much to learn and impossible to learn it all.. so concentrate on this and that and you'll do well!

but then again I like to help people.. its called karma!
Post a chart man, we will help. It is too hard to help people individually in this setting. If I am around and you have a candlestick question and a chart I will tell you what I think, and that is the best I can do for you.
"Keep your eyes on the helpers" - Mr. Rogers
  • #240,670
  • Jul 23, 2010 9:32am Jul 23, 2010 9:32am
I think I'll pass the Bank's stress test result, just now I got something else to do rather than waiting for the result...

Last but not least, I see a little candle body in my 30m TF chart: maybe a tweezer? (Is it correct??) A sign of reversal perhaps? Don't know and don't care for now actually..

Happy trading all...
Attached Image
  • #240,671
  • Jul 23, 2010 9:33am Jul 23, 2010 9:33am
Here you are guys...how the bulls*it was done...

FULL STRESS TEST METHODOLOGY
http://www.reuters.com/article/idUSLDE66M1FF20100723
  • #240,672
  • Jul 23, 2010 9:35am Jul 23, 2010 9:35am
CNBC reporting we are going to get the overall result at 1600 and the individual at 1630.
  • #240,673
  • Jul 23, 2010 9:35am Jul 23, 2010 9:35am
Quoting 4xStar
I've just finished checking your posts over the past few days
cheers 4xstar
you're welcomed to post your thoughts, ideas or questions there anytime you want.
Have a good one!
Thank You
  • #240,674
  • Jul 23, 2010 9:39am Jul 23, 2010 9:39am
Quoting HowieTrader
I think I'll pass the Bank's stress test result, just now I got something else to do rather than waiting for the result...

Last but not least, I see a little candle body in my 30m TF chart: maybe a tweezer? (Is it correct??) A sign of reversal perhaps? Don't know and don't care for now actually..

Happy trading all...
Not a tweezer, and I am done for the weekend.. mind is already on Jennifer Nettles..... lol
"Keep your eyes on the helpers" - Mr. Rogers
  • #240,675
  • Jul 23, 2010 9:40am Jul 23, 2010 9:40am
Inserted Video
"Keep your eyes on the helpers" - Mr. Rogers
  • #240,676
  • Jul 23, 2010 9:40am Jul 23, 2010 9:40am
We may see a breakdown of the correlation today once the report comes out. The UK banks did fine on the last stress test so should pass today with no problems. There are plenty of EU banks that will fail, mostly Spanish, Greek and 1 German one. That should sever the correlation after 1630 all going well.
  • #240,677
  • Jul 23, 2010 9:43am Jul 23, 2010 9:43am
welp hope whoever is trading now know the exit/entry levels.
price is now all over the place.
The D1 is bullish, the H4 is bullish & the H1 is bearish.
The mid levels on m5 is showing support is currently holding up & if price close back above the desc utl1, there is likely a retest of previous high earlier. Else, if price close below the asc ltl1 & current support, cable will retest 5300 again.
Personally I reckon the bullish formation on the D1 holds more weight above the rest of the tf & buying dips will usually yield higher profit. But hey, it's friday, so be careful.

Good luck
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Click to Enlarge Name: g5.gif Size: 23 KB
Thank You
  • #240,678
  • Jul 23, 2010 9:44am Jul 23, 2010 9:44am
5min again led the way on the band deviation and oscillator divergence re the short down from current i/day hi, 5450 area;
http://i26.tinypic.com/2mpweic.gif
So, how true is this 15min hidden divergence?
http://i26.tinypic.com/287i2xl.gif

G/L
ex member
  • #240,679
  • Jul 23, 2010 9:46am Jul 23, 2010 9:46am
Sooo...

Whilst they decide what they wanna be, I'm going to light the BBQ - get the wine, the wife and a couple of steaks.

Wish you all a great weekend ahead. Do spend time with your loved ones and rest well.

Regards
Attached Image
  • #240,680
  • Jul 23, 2010 10:03am Jul 23, 2010 10:03am
Quoting cloggie
We may see a breakdown of the correlation today once the report comes out. The UK banks did fine on the last stress test so should pass today with no problems. There are plenty of EU banks that will fail, mostly Spanish, Greek and 1 German one. That should sever the correlation after 1630 all going well.

Correlation is inverting while the spread between Spanish/Portuguese vs German debt keeps widening and the euro keeps tripping over itself.
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