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Cable Update (GBPUSD)

  • #244,701
  • Aug 10, 2010 5:45pm Aug 10, 2010 5:45pm
Quoting kill56
right click on market watch click on show all u will see all of them
thank you
  • #244,702
  • Aug 10, 2010 5:46pm Aug 10, 2010 5:46pm
Dumb question here folks. How do i make it so when open this thread I see the latest post first? as of now every time I open it I see quicksilvers post from Nov 2006.
  • #244,703
  • Aug 10, 2010 5:59pm Aug 10, 2010 5:59pm
Quoting rosssurf
Dumb question here folks. How do i make it so when open this thread I see the latest post first? as of now every time I open it I see quicksilvers post from Nov 2006.
click on unread or the little arrow next to the person's name who last posted.
  • #244,704
  • Aug 10, 2010 6:08pm Aug 10, 2010 6:08pm
Quoting ubaidahsan
so you never catch the falling knife means you never go buy when market creates low without any confirmation?because as you are saying so i think after 40-50 pips you go long or short m i right?

Ub
Not necessarily after 40-50...not always inside of the safety zones. I have a dozen charts on just cable for my cable trades. Everything under constant scrutiny and a lot of market idea or trend plays.


The falling knives. I do watch and play off of fractal patterns. While continuing to ride the tide, I see no issue in dropping a hedge in for the final spike, depending on the movement for the day. How, Where, Why? Well, nothing keeps you more attentive to market then money on the line. A hedge here, short ride there, all adds up.

My counters are played off a 1m chart and work with a select set of moving average crosses. I set mark at 100 pips and look at adding on the first 20 after the move, and will add if and as the plays grow.

Typically these plays will generate 200-300 per week on multiple lots (minis) and I am currently working with a fella to help me generate a robot that will work with this logic. All in the name of fun and money.

1m chart below...the rest of my analysis and trend plays are with other charts watching a series of moving averages, no lag moving averages and kills TCCI which works much the same as an adjustable hulls average...all this to see what I need to see to keep me out from being in the red.
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #244,705
  • Aug 10, 2010 6:27pm Aug 10, 2010 6:27pm
Fractal play off the MA cross.
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #244,706
  • Aug 10, 2010 7:39pm Aug 10, 2010 7:39pm
so much for the spike.
Let's see if this ltl holds or goes.
Attached Image (click to enlarge)
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Thank You
  • #244,707
  • Aug 10, 2010 7:45pm Aug 10, 2010 7:45pm
Quoting wormboy
so much for the spike.
Let's see if this ltl holds or goes.
goes.
Attached Image (click to enlarge)
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Thank You
  • #244,708
  • Aug 10, 2010 8:30pm Aug 10, 2010 8:30pm
Quoting Pickensrulz
short at 15875

15885 was a key level on my chart. A failure to close an hourly bar above this level and a downmove is to be expected.
Short stays open; target is open; stops to BE
  • #244,709
  • Aug 10, 2010 9:43pm Aug 10, 2010 9:43pm
Good day to you all,

Another day. Funny how the market plays participants. 20 hours ago, 80% spoke of lows and 1.5340 - 1.5320 was discussed. 8 hours ago, a lot of traders changed bias and 1.60xx to 1.65xx was discussed. No wonder accounts do not last....

Well, at least I attempt to be different

More serious note:

Above price, the cluster of the 50% line of last week @ 1.5845 and the 50% line of this week @ 1.5850 coupled with the daily open @ 1.5847 may provide a temper.

The high of last month @ 1.5719, coupled with the monthly open @ 1.5708 provides the base for now.

Add the 1.5800 round number area, and we are basically floating.

Curveballs will continue to come your way.

Wish you all success!

Regards
Attached Image
  • #244,710
  • Aug 10, 2010 9:51pm Aug 10, 2010 9:51pm
And I was right... My TP was hit around 17:08, probably GMT?

Now I'll be a little bit busy outside trading...

Quoting HowieTrader
I think that the pair is still in bullish momentum as shown in 4H TF chart...

Long @ 1.57907, looking above 1.83ish level, and eager to be stopped out @ around 1.574ish level should the market can prove me wrong...
  • #244,711
  • Aug 10, 2010 9:58pm Aug 10, 2010 9:58pm
Quoting TauTrader
Good day to you all,

Another day. Funny how the market plays participants. 20 hours ago, 80% spoke of lows and 1.5340 - 1.5320 was discussed. 8 hours ago, a lot of traders changed bias and 1.60xx to 1.65xx was discussed. No wonder accounts do not last....

Well, at least I attempt to be different

More serious note:

Above price, the cluster of the 50% line of last week @ 1.5845 and the 50% line of this week @ 1.5850 coupled with the daily open @ 1.5847 may provide a temper.

The high of last month @ 1.5719, coupled with the monthly...
I had a fun time collecting both ways

http://img261.imageshack.us/img261/4931/12797941.gif
  • #244,712
  • Aug 10, 2010 10:02pm Aug 10, 2010 10:02pm
Quoting HowieTrader
And I was right... My TP was hit around 17:08, probably GMT?

Now I'll be a little bit busy outside trading...
Good for you. I thought you were a bit lucky entering under the resistance and just before news. Wish I have your courage.

Interesting development atm, if the next trendline breaks we may be in for another rally.
  • #244,713
  • Aug 10, 2010 10:14pm Aug 10, 2010 10:14pm
Quoting trending
Good for you. I thought you were a bit lucky entering under the resistance and just before news. Wish I have your courage.

Interesting development atm, if the next trendline breaks we may be in for another rally.
single men are always more courageous than married men, who become wet cats after marriage
  • #244,714
  • Aug 10, 2010 10:17pm Aug 10, 2010 10:17pm
Quoting forexlion
single men are always more courageous than married men, who become wet cats after marriage


Hey lion,

would you like to trade funny YouTube vids to pass the time?
  • #244,715
  • Aug 10, 2010 10:25pm Aug 10, 2010 10:25pm
Quoting gotpips92
Hey lion,

would you like to trade funny YouTube vids to pass the time?
Not right now, I am on ftp updating my site www.forexlionfx.com maybe later when I am free
  • #244,716
  • Aug 10, 2010 10:26pm Aug 10, 2010 10:26pm
4 hour down trend till 1.5900 taken out , selling rallies for now , as although they are holding rates and as odd as this sounds if the global stock markets get a pounding down as the daily chart of the s&p suggest usd will be safe haven

gu is due for some form of retrace anyway

for now i have 5650 as potential target , again 5900 last pivot high is the ceiling on this.

Attached Image (click to enlarge)
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Quoting TauTrader
Good day to you all,

Another day. Funny how the market plays participants. 20 hours ago, 80% spoke of lows and 1.5340 - 1.5320 was discussed. 8 hours ago, a lot of traders changed bias and 1.60xx to 1.65xx was discussed. No wonder accounts do not last....

Well, at least I attempt to be different

More serious note:

Above price, the cluster of the 50% line of last week @ 1.5845 and the 50% line of this week @ 1.5850 coupled with the daily open @ 1.5847 may provide a temper.

The high of last month @ 1.5719, coupled with the monthly...
Blogging daily now at www.volume.zone
  • #244,717
  • Aug 10, 2010 10:27pm Aug 10, 2010 10:27pm
Quoting malcolmb14
4 hour down trend till 1.5900 taken out , selling rallies for now , as although they are holding rates and as odd as this sounds if the global stock markets get a pounding down as the daily chart of the s&p suggest usd will be safe haven

gu is due for some form of retrace it would seem.

for now i have as potential target , again 5900 last pivot high is the ceiling on this.

Attachment
Attached Image (click to enlarge)
Click to Enlarge Name: chart2610.png Size: 225 KB
Blogging daily now at www.volume.zone
  • #244,718
  • Aug 10, 2010 10:31pm Aug 10, 2010 10:31pm
Quoting malcolmb14
Attachment
check EURGBP 4 HOUR

then comment on cable
  • #244,719
  • Aug 10, 2010 10:35pm Aug 10, 2010 10:35pm
Quoting forexlion
check EURGBP 4 HOUR

then comment on cable

nice bear flag ... mmmm I guess my down move on gu must be wrong then
Blogging daily now at www.volume.zone
  • #244,720
  • Aug 10, 2010 10:45pm Aug 10, 2010 10:45pm
Quoting malcolmb14
nice bear flag ... mmmm I guess my down move on gu must be wrong then

or daily abc correction with up move to 161.8 expansion 61.8 retrace

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Blogging daily now at www.volume.zone
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