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Cable Update (GBPUSD)

  • #242,681
  • Aug 3, 2010 7:17am Aug 3, 2010 7:17am
Afternoon guys. Lunchtime.

Hoping for one more spike up to 1.5960 then follow it down by 100 pips to close the day at today's low.

Keep lucky all.
  • #242,682
  • Aug 3, 2010 7:19am Aug 3, 2010 7:19am
I trade a very very simple approach (that most people here would laugh at) on GU 1H...and an old school trend following system on EU Daily...[/quote]


You'll be surprised at the number of people who will appreciate your old school system.

Would you be kind enough to share it?
  • #242,683
  • Aug 3, 2010 7:20am Aug 3, 2010 7:20am
UK Economic need India (Source: BBC)

http://www.bbc.co.uk/blogs/thereport..._in_india.html
No Need 2 Say Good Bye...!!!
  • #242,684
  • Aug 3, 2010 7:25am Aug 3, 2010 7:25am
So far the Bulls are losing and we are now testing the lTL on the M15, once that goes the CT-ers will laugh and the ones holding longs from this morning may want to have a close look at their stops.
  • #242,685
  • Aug 3, 2010 7:31am Aug 3, 2010 7:31am
i am enjoying it and even works well gold so far made fortune.....But i missed euro had buy order at 13145 dp stops below previous high 13115 ...but i covered it with gold ..

thanks trading is a little easy and having sit around laptop all the time


Quoting cloggie
So far the Bulls are losing and we are now testing the lTL on the M15, once that goes the CT-ers will laugh and the ones holding longs from this morning may want to have a close look at their stops.
We cannot direct the winds but we can adjust our sail.
  • #242,686
  • Aug 3, 2010 7:32am Aug 3, 2010 7:32am
bailed + 15 on my short at the TL
  • #242,687
  • Aug 3, 2010 7:37am Aug 3, 2010 7:37am
1.6000 could well be here today, with reports like the last 3 from across the pond.
  • #242,688
  • Aug 3, 2010 7:38am Aug 3, 2010 7:38am
Quoting pj11500
bailed + 15 on my short at the TL

Not a bad play the lTL is holding nicely. We are ranging quite a bit between significant levels today which can be a bit of a killer for those lacking in patience.
  • #242,689
  • Aug 3, 2010 7:40am Aug 3, 2010 7:40am
got stopped with +10 ... that was my personal record only on gu nailed 135 pips. 100 eu, 100 oil... only last thing to watch - news in 1,5h. Great day.
  • #242,690
  • Aug 3, 2010 7:41am Aug 3, 2010 7:41am
Quoting cloggie
So far the Bulls are losing and we are now testing the lTL on the M15, once that goes the CT-ers will laugh and the ones holding longs from this morning may want to have a close look at their stops.
crowd's 100+% certain of a trend now(!?)...phasing in and distributing into upthrusts...best rr...
Hear the music before the song is over ...
  • #242,691
  • Aug 3, 2010 7:50am Aug 3, 2010 7:50am
Quoting GlobalMacro
crowd's 100+% certain of a trend now(!?)...phasing in and distributing into upthrusts...best rr...
but forexlion's super duper elliot wave software is pointing to 1.75 now!
Thank You
  • #242,692
  • Aug 3, 2010 7:52am Aug 3, 2010 7:52am
can anyone help me or tell me how to put the correct box in my chart??
the arrow is where i start the box.. the high n the low range
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  • #242,693
  • Aug 3, 2010 7:53am Aug 3, 2010 7:53am
Quoting wormboy
but forexlion's super duper elliot wave software is pointing to 1.75 now!
Attached Image
  • #242,694
  • Aug 3, 2010 7:53am Aug 3, 2010 7:53am
Quoting Bydyke
I trade a very very simple approach (that most people here would laugh at) on GU 1H...and an old school trend following system on EU Daily...

You'll be surprised at the number of people who will appreciate your old school system.

Would you be kind enough to share it?[/quote]

Sorry,

Sharing the approaches I use would not only be inappropriate in this thread but also would be useless. If I intended to share all this, I would start a thread in "trading systems"...and that is something I'm not willing to do.

Sharing this in a place like FF is like offering Pogos to the whole world at the same time...very few will like it...and the rest will puke and treat you like an idiot for eating it...I don't need that.

Make your own thinking...then your own trading.

Good Luck !
It's all about your stomach lining...
  • #242,695
  • Aug 3, 2010 7:54am Aug 3, 2010 7:54am
Please can somebody who is really familiar with the box trading system open a separate tread so we can get all the info at one place...

thanks
  • #242,696
  • Aug 3, 2010 7:59am Aug 3, 2010 7:59am
Hi cloggie and 4xstar what do you two think of this trade it is one i would normally do because a with trend HL. but have i done the PA reading around the boxes right?

It faked out of box number 3 at london open would not have short on the break casue aginst trend and bigger TFs it faked out down to daily mid resistance 1,RN also the top of the overngiht range,20ema and micro trendline (not shown).
I wouldn't have the confidence to just jump in so would wait for a HL signal and enter above the bar that white arrow is pointing at which will also take you back into the pre LO range at box number 3 target between 15950-15960 (half number and DR1).

would either have you entered diferntly?

Cheers.
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  • #242,697
  • Aug 3, 2010 7:59am Aug 3, 2010 7:59am
Quoting patmarch
Ok I see ! I'll leave you alone now cause i'm sure you have much else to do than answering my questions this morning. Many thanks for your time and educational comments !

I trade a very very simple approach (that most people here would laugh at) on GU 1H...and an old school trend following system on EU Daily...so my analysis are confined to a quick look at the 1H close and the daily close...it takes around 30 min of my day and makes me good money. But everytimes I read well educated and intelligent comments like yours...it makes me think I should...


Keeping it short and simple is unbeatable any day.

Would you mind to share?
  • #242,698
  • Aug 3, 2010 8:00am Aug 3, 2010 8:00am
Quoting special0nefx
hahaha haram hang wat lawak.
k dinner time. lapaq nasik!
Thank You
  • #242,699
  • Aug 3, 2010 8:02am Aug 3, 2010 8:02am
Quoting wormboy
but forexlion's super duper elliot wave software is pointing to 1.75 now!
not on this pair, right?...E/G maybe?
Hear the music before the song is over ...
  • #242,700
  • Aug 3, 2010 8:05am Aug 3, 2010 8:05am
Quoting Bydyke
Keeping it short and simple is unbeatable any day.

Would you mind to share?
Breakouts...that's all I'll say....

simple approaches are waaaayyyyy to complicated to explain
It's all about your stomach lining...
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