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Cable Update (GBPUSD)

  • #247,541
  • Aug 20, 2010 5:43am Aug 20, 2010 5:43am
Quoting joemiami
yes i did, right before it dumped.. S&P 500 tipped me off

Joe, this is now the 3rd day here that you only trade the retraces for a handful of pips and ignore the intraday trend, ever thought about looking at things slightly differently? Seeing the retraces as an opportunity to get a better price rather then as a trade in itself?
  • #247,542
  • Aug 20, 2010 5:44am Aug 20, 2010 5:44am
What are favorite pages to have open to check on breaking news on futures, forex etc? I'm checking out fxstreet and bloomberg .. any other suggestions to get forex-relevant news as it breaks?
******************* I'd rather make money than be right.
  • #247,543
  • Aug 20, 2010 5:45am Aug 20, 2010 5:45am
Quoting forexlion
got it

finally i am in
any update ...?
  • #247,544
  • Aug 20, 2010 5:46am Aug 20, 2010 5:46am
Quoting gammase1
Well done.

However, if you must post how many pips you've won, then publish the relevant trades as and when you take them, together with your thought process, rather than retrospective details of your profitable trades only.

Having posters come on here talking only about winning pips adds no value to the forum.


ok sorry about that.......will try and post the reasons why as well as the results...... sorry not able too on this old comp which I use only for FF too post graphs, but will put into words my reasonings for each trade, if I'm able too.
  • #247,545
  • Aug 20, 2010 5:46am Aug 20, 2010 5:46am
Quoting fatguy
any update ...?
Yeah, down 50
  • #247,546
  • Aug 20, 2010 5:47am Aug 20, 2010 5:47am
Quoting cloggie
Joe, this is now the 3rd day here that you only trade the retraces for a handful of pips and ignore the intraday trend, ever thought about looking at things slightly differently? Seeing the retraces as an opportunity to get a better price rather then as a trade in itself?
Cloggie, yes, ur right, Im pissed off with myself for it too
  • #247,547
  • Aug 20, 2010 5:48am Aug 20, 2010 5:48am
Quoting forexlion
buy a pda n trade, lazy bug
I have an iPhone and in theory I can trade from it, but I like to see my MT4 charts on my widescreen monitor for analysis before I put trades on.

In matter of fact, now that I cannot day trade anymore, I am trading much less, but I am also trading much better! Go figure! Less is more rings true in my case and hence I am reluctant to start trading from my iPhone. iPhone 4 now that I have a bumper for it, so that I stop blocking the signal with their not-so-clever antenna
  • #247,548
  • Aug 20, 2010 5:48am Aug 20, 2010 5:48am
So that previous 1hr/4hr swing lo zone to weds lo @ 5497 gives to the downside, it falling in that general previous weekly swing hi zone 5520-5440. Speaking of that prev weekly sw hi zone=potential rbs, we we talking here last week about 5469-40 being the most confluence in that weekly zone consisting of:

5469-48 prev dly sw hi zone
5468-40 prev 4hr sw lo zone
5456 61.8% 5117-5997
5469 50% 4944-5997

The 200sma on the daily also breeched and the daily ascending channel has been well and truly breeched to the downside

Below here and a 4 fib cluster present on the daily t/f 5366-5322
5366 = 38.2% 4345-5997
5346 = 61.8% 4944-5997
5329 = 76.4% 4870-5997
5322 = 38.2% 4229-5997

G/L

http://www.easy-upload.net/fichiers/z.2010820124358.gif
ex member
  • #247,549
  • Aug 20, 2010 5:49am Aug 20, 2010 5:49am
Quoting fatguy
any update ...?
still holding my long from 5520

this market does not deserve my money, will close it green, even if it is just 1 pip
  • #247,550
  • Aug 20, 2010 5:50am Aug 20, 2010 5:50am
Quoting wormboy
*l*
  • #247,551
  • Aug 20, 2010 5:50am Aug 20, 2010 5:50am
Quoting joemiami
Cloggie, yes, ur right, Im pissed off with myself for it too

The last couple of days the intraday retrace was helped by the fundies, there are none today to interrupt the techie play, nothing holding her up really.
  • #247,552
  • Aug 20, 2010 5:52am Aug 20, 2010 5:52am
Quoting cloggie
I love the "what goes down must come up" strategy.

We have taken out any stop that has been down here for days, es is tanking, all dollar crosses are up, no news to give her a rally, we are below the hourly TL, and it is raining in London. Good place for a long I guess.
Isn't it... what goes up must come down

I heard that 'Pin the donkey's tail' is also a good Forex strategy
  • #247,553
  • Aug 20, 2010 5:52am Aug 20, 2010 5:52am
looking for short, waiting for confirmation.......



have a great weekend......

good trading to all



pipgame
Attached Image (click to enlarge)
Click to Enlarge Name: 4gu h1.gif Size: 46 KB
  • #247,554
  • Aug 20, 2010 5:53am Aug 20, 2010 5:53am
Quoting bbakker
Isn't it... what goes up must come down


Had to reverse it to fit the scenario.
  • #247,555
  • Aug 20, 2010 5:53am Aug 20, 2010 5:53am
Quoting cloggie
The last couple of days the intraday retrace was helped by the fundies, there are none today to interrupt the techie play, nothing holding her up really.
by the way, this move exposed daily 200 ema
  • #247,556
  • Aug 20, 2010 5:53am Aug 20, 2010 5:53am
Quoting forexlion
still holding my long from 5520

this market does not deserve my money, will close it green, even if it is just 1 pip

is that an ice-pip
  • #247,557
  • Aug 20, 2010 5:59am Aug 20, 2010 5:59am
This is a fun ride 1,5420!?

Waiting!
----------------------

Souvenir:


http://cdn.forexfactory.com/images/s...n/post_old.gif Aug 12, 2010 7:08am
Quoting Scipionz
Why not a usual and boring 61.8% correction of last leg up (1.5115/1.5969) @ 1.5457?!

It sure look like a long ride down (over 400 pips), but ride up been ''worst" (900pips!!!!!!!!!!!) LOL!
So this ain't the biggest suprise of last decade!

Weeeeeeeeeeeeee....! (sound when I ride GU down)



LOL!
"Flip that coin!"
  • #247,558
  • Aug 20, 2010 6:00am Aug 20, 2010 6:00am
Quoting 4xStar
What are favorite pages to have open to check on breaking news on futures, forex etc? I'm checking out fxstreet and bloomberg .. any other suggestions to get forex-relevant news as it breaks?
For amalgamated news, click on the news tab in FF. Marketwatch.com, although you will find that they always sound bullish even if the market is tanking

Personally I stopped looking at news and only check the calendar to ensure I don't enter the market 30mins before a news release.
  • #247,559
  • Aug 20, 2010 6:03am Aug 20, 2010 6:03am
Quoting cloggie
Yeah, forgot about him, he must be close to 500 in the hole by now.
Quoting digger1
thats funny man
Quoting GlobalMacro
Quoting gammase1
Perfect comic timing, Azim!
he kept banging on goin long & holy grail. must be goin holy shit right now lol

i'm outta here. have a good one fellas.
Thank You
  • #247,560
  • Aug 20, 2010 6:03am Aug 20, 2010 6:03am
Quoting wormboy
same as before mate. 1.5420
who woulda thunk ...
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