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Cable Update (GBPUSD)

  • #245,421
  • Aug 13, 2010 1:36am Aug 13, 2010 1:36am
Quoting DemoTrader
my stop are large and never get hit because i close my loosing trades and go with the current trend, 1.5840 is where my s/l is at.
Ah yes lol, far enough i'd say
COT: The precious data ignored
  • #245,422
  • Aug 13, 2010 1:36am Aug 13, 2010 1:36am
Now to get back out of my imagination, can i ask something tht is prob going to sound really dumb but has been bothering me for a few weeks now.
when me and another guy compair charts 4h and daily, our charts diff so my thoughts are obv our broker times are diff, but wht time is the best for your broker to be on, i mean tht could seriously mess up your annalysis or am i mistaken??
Funny, but all out charts 1h and less are the same, can anyone please explain that to me.

Sorry please mind my spelling i am a horrible speller.
  • #245,423
  • Aug 13, 2010 1:38am Aug 13, 2010 1:38am
Quoting kuroro001
Ah yes lol, far enough i'd say
not realy a short term trader, my trades last from 1 to 5 days.
  • #245,424
  • Aug 13, 2010 1:41am Aug 13, 2010 1:41am
Quoting CoffeeDrinke
Now to get back out of my imagination, can i ask something tht is prob going to sound really dumb but has been bothering me for a few weeks now.
when me and another guy compair charts 4h and daily, our charts diff so my thoughts are obv our broker times are diff, but wht time is the best for your broker to be on, i mean tht could seriously mess up your annalysis or am i mistaken??
Funny, but all out charts 1h and less are the same, can anyone please explain that to me.

Sorry please mind my spelling i am a horrible speller.
i prefer broker time frame to match the market, market opens and close at 5pm ny time every day, this time should be the start of your daily candle/bar
  • #245,425
  • Aug 13, 2010 1:42am Aug 13, 2010 1:42am
Quoting DemoTrader
not realy a short term trader, my trades last from 1 to 5 days.
Between 1 to 3 for me...i like closing trade once london is close though...unless i see a possibility of a continuation.

Well right now it's not really ready to go down...maybe once london open
COT: The precious data ignored
  • #245,426
  • Aug 13, 2010 1:45am Aug 13, 2010 1:45am
Quoting kuroro001
Between 1 to 3 for me...i like closing trade once london is close though...unless i see a possibility of a continuation.

Well right now it's not really ready to go down...maybe once london open
anything special about closing your trades when london close? any reason behind that?
  • #245,427
  • Aug 13, 2010 1:48am Aug 13, 2010 1:48am
Quoting DemoTrader
i prefer broker time frame to match the market, market opens and close at 5pm ny time every day, this time should be the start of your daily candle/bar
Kwlio thanks.
Damn i completly forgot about tht, silly old me.
  • #245,428
  • Aug 13, 2010 1:51am Aug 13, 2010 1:51am
its a friday lol. seriously cannot guess where she go. btw. 5 min trends is up. and reject to down for two times. just grab it what u got.
  • #245,429
  • Aug 13, 2010 1:51am Aug 13, 2010 1:51am
Quoting DemoTrader
anything special about closing your trades when london close? any reason behind that?
Yes because i don't like the way it move between london close and it's opening the day after.
I don't like the asian session...sometimes it reverse what london did...so london can take position at better prices.
Like today i'd say...anyway we'll see if london short gbp ...which i hope
COT: The precious data ignored
  • #245,430
  • Aug 13, 2010 1:58am Aug 13, 2010 1:58am
Quoting Scipionz
You are like your avatar, a joker!

I'm not trying to be "something for you'".
You asked me a question I answered and now you are trying to say that I play the big head?!
Get some logic first!

Don't ask I wont answer. Or better just pass aside my post instead of trying to start words war.

Showing multiple chart is worthless, you have all them at home and can make the work form what I said.

You can play big heads whit the newby,[/b] but I been here way before (whit my 10V[/u][/b]) and you were showing me respect...
1. Yes i am joker.
2. I have no time to play big head with any newbies nor u. Wasting my time.
3. The bold word = is just what i want. Why..mmm...so many un-ethic people doing this which i do not know what the reason behind. In aus, gucc is one of the obvious guys. Overhere I am identifed a few of them as well as some other place. Funny ! n what u try to prove/do or what u get? Seriously..Its really funny to me !.

Stop and i am off from FF for a while....chow
  • #245,431
  • Aug 13, 2010 2:06am Aug 13, 2010 2:06am
Quoting kuroro001
Yes because i don't like the way it move between london close and it's opening the day after.
I don't like the asian session...sometimes it reverse what london did...so london can take position at better prices.
Like today i'd say...anyway we'll see if london short gbp ...which i hope
With what i am seeing on my 4H, london is not going to short GBP...but who knows, i might be wrong.
  • #245,432
  • Aug 13, 2010 2:07am Aug 13, 2010 2:07am
Quoting grashid
1. Yes i am joker.
You know how many times i have wanted to be delt a joker in poker, just neva comes, these new decks of today just arnt the same imagine tht a deck without a joker, man poker is rigged lol
  • #245,433
  • Edited 2:31am Aug 13, 2010 2:12am | Edited 2:31am
We have hit a supply zone (1.5712-15663) and this could be a turning point. The zone is too large for my SL, but EURUSD has a smalller supply zone and I am going to short fibre. Good luck people!
  • #245,434
  • Aug 13, 2010 2:13am Aug 13, 2010 2:13am
Quoting hicomm
With what i am seeing on my 4H, london is not going to short GBP...but who knows, i might be wrong.
If this hourly candle ain't a reverse one we're going towards 1,5700.
This candle should show us what to do
COT: The precious data ignored
  • #245,435
  • Aug 13, 2010 2:15am Aug 13, 2010 2:15am
Quoting grashid
1. Yes i am joker.
Get some fu*king logic you clown, YOU did ask me a question and I been gentle enough to answer you.

Then you did start your favorite game witch is the war of words.
So, yes, you can get lost now! Maby your are the one trying to proove something whit your rude and dumb attitude...

And I bet I do 5 times the money you do if you ever do some, and keep respect in my relation.
This place is to share tough, so if I lose your time so then just don't ask me question stupid ass!

Get some logic in what you say, clown!
"Flip that coin!"
  • #245,436
  • Aug 13, 2010 2:15am Aug 13, 2010 2:15am
Quoting GlobalMacro
I ran some more numbers and got more supporting evidence that the last drop below 1.5650 down to 1.5562 may have been a downthrust...

Also look at the chart below to find some confluence support lines from historical price action at the descending wedge we are at right now....

Are we looking at a floor right in the face (a la 1.60 ceiling...)?

...cya later!
yup...looking good for longs...she was looking for a floor and found it at 1.5562...

broke out of the descending wedge on M30 as well and 100 pips off that low printed yesterday...
Attached Image (click to enlarge)
Click to Enlarge Name: M30.gif Size: 10 KB
Hear the music before the song is over ...
  • #245,437
  • Aug 13, 2010 2:16am Aug 13, 2010 2:16am
Watch out for the Friday morning 'spikes', just because Pound and Euro have gone up for the last 3 hours doesn't mean anything has really changed, YET.

I believe we will have too wait till later in the day too see if this is a real reversal or not.
  • #245,438
  • Aug 13, 2010 2:19am Aug 13, 2010 2:19am
Quoting GlobalMacro
yup...looking good for longs...she was looking for a floor and found it at 1.5562...

broke out of the descending wedge on M30 as well and 100 pips off that low printed yesterday...
i dunno why...but it seems asian session people tend to sell
Verily, in every difficulties there is relief
  • #245,439
  • Aug 13, 2010 2:21am Aug 13, 2010 2:21am
Quoting AdrianHNV
Watch out for the Friday morning 'spikes', just because Pound and Euro have gone up for the last 3 hours doesn't mean anything has really changed, YET.

I believe we will have too wait till later in the day too see if this is a real reversal or not.
The situation over the past few days hasn't changed...we're still in a bearish mode
So i guess it's "safer" to short rallies
COT: The precious data ignored
  • #245,440
  • Aug 13, 2010 2:24am Aug 13, 2010 2:24am
Quoting AdrianHNV
Watch out for the Friday morning 'spikes', just because Pound and Euro have gone up for the last 3 hours doesn't mean anything has really changed, YET.

I believe we will have too wait till later in the day too see if this is a real reversal or not.
when people thinks its a real reversal some people might thinks that correction finished becarefull
Verily, in every difficulties there is relief
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