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Cable Update (GBPUSD)

  • #248,961
  • Aug 26, 2010 7:33am Aug 26, 2010 7:33am
Quoting CoffeeDrinke
I fully agree, pips are the shit man
exactly my point.
  • #248,962
  • Aug 26, 2010 7:34am Aug 26, 2010 7:34am
Quoting gammase1
Hello J,

Summer is over in London, unfortunately.

All is good with me, though. I hope it's the same for you and your family.

I am greatly looking forward to the start of September, a time when I'll once again increase my risk exposure.

Good to see you posting more on here.

Cheers, Paul
summer is over? you don't mean officially right?
  • #248,963
  • Aug 26, 2010 7:35am Aug 26, 2010 7:35am
Quoting cloggie
"good" number, es and dow gaining momentum.
If you have a moment, would be most grateful if you would explain the relationship between es / dow futures and cable. Thanks.
  • #248,964
  • Aug 26, 2010 7:38am Aug 26, 2010 7:38am
Pips Stunner,

Your holy grail-ness, where have you been hiding since your Aug 19th post at 5:02 EST/10:02 BST

You told us all to go long and that we were quote "dumb asses" to be short.

That was at 1.5640.

You forgot to suggest that we might want to have at least a 275-300 pip stop loss in order to follow your stellar advice.

Since you have fuzzed out your account balance, i'm guessing you did follow your own advice.

I did not. So my account has not been "Pips Stunned"


Quoting pips stunner
still playing hard ball. miss ya all'

Attachment
Quoting pips stunner
keep losing while i keep posting my 200% statement increase in 2 months here. there is nothing like the holy grail, i am the holy grail and i lose pips too. but i told you all i am going long for the next 2 weeks.
  • #248,965
  • Aug 26, 2010 7:50am Aug 26, 2010 7:50am
Quoting qwertymyfx
summer is over? you don't mean officially right?
No

London will stay on BST until Sunday, October 31, 2010 at 2:00 AM
when clocks are moved to Sunday, October 31, 2010 at 01:00:00


  • #248,966
  • Aug 26, 2010 7:52am Aug 26, 2010 7:52am
Quoting AdrianHNV
No

London will stay on BST until Sunday, October 31, 2010 at 2:00 AM
when clocks are moved to Sunday, October 31, 2010 at 01:00:00


Thank you, kind lady, for clarifying that point.
  • #248,967
  • Aug 26, 2010 7:56am Aug 26, 2010 7:56am
Quoting gammase1
Thank you, kind lady, for clarifying that point.
emmmmm no probs,,,,,,,,, nice to bee right sometimes
  • #248,968
  • Aug 26, 2010 7:59am Aug 26, 2010 7:59am
Quoting AdrianHNV
emmmmm no probs,,,,,,,,, nice to bee right sometimes
heh, i wish my trades were right more than just sometimes.
  • #248,969
  • Aug 26, 2010 8:01am Aug 26, 2010 8:01am
Quoting AdrianHNV
No

London will stay on BST until Sunday, October 31, 2010 at 2:00 AM
when clocks are moved to Sunday, October 31, 2010 at 01:00:00


then i guess u mean that your clothes are soaking wet.

hahaha!!
  • #248,970
  • Aug 26, 2010 8:03am Aug 26, 2010 8:03am
Quoting AdrianHNV
No

London will stay on BST until Sunday, October 31, 2010 at 2:00 AM
when clocks are moved to Sunday, October 31, 2010 at 01:00:00


If David Cameron has his way we will be on permanent summertime!

http://www.telegraph.co.uk/news/news...ummertime.html

Of course it means the Scots will be in the dark for a lot of the time, not much change I suppose
  • #248,971
  • Aug 26, 2010 8:06am Aug 26, 2010 8:06am
Quoting uksnowman
If David Cameron has his way we will be on permanent summertime!

http://www.telegraph.co.uk/news/news...ummertime.html

Of course it means the Scots will be in the dark for a lot of the time, not much change I suppose
  • #248,972
  • Aug 26, 2010 8:08am Aug 26, 2010 8:08am
Quoting qwertymyfx
heh, i wish my trades were right more than just sometimes.

They will bee................

Simple is as simple does...........as in all businesses.
  • #248,973
  • Aug 26, 2010 8:18am Aug 26, 2010 8:18am
wow, what a crappy day... Good thing I haven't been sitting here all day.

See you later...
@pawpaw1000 on Twitter
  • #248,974
  • Aug 26, 2010 8:40am Aug 26, 2010 8:40am
Good day to you,

Going nowhere slowly. GU will probably close in the 1.5530 / 1.5535 region today.

Current support offered by Monday's close @ 1.5511 in confluence with Tuesday's high @ 1.5512. Breaking this will take you to 1.5492 ( 50% line of this week)

Trade well and do not get a bloody nose http://a.imageshack.us/img687/3641/beatupy.gif

Regards
  • #248,975
  • Aug 26, 2010 8:44am Aug 26, 2010 8:44am
Better to discuss time and seasons than to trade on such a day

Bless ya all
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #248,976
  • Aug 26, 2010 8:45am Aug 26, 2010 8:45am
I think the better chances are of going down as going up has been in disagreement all London session.
To Your Success!!
  • #248,977
  • Edited 9:03am Aug 26, 2010 8:46am | Edited 9:03am
Quoting Fudomyo
As far as GU is concerned, we still haven't clearly broken out of the indecision area. We are trading above the Weekly and Monthly Pivot, but PA is still bearish on the daily chart. The recent move up could well be positioning for a drop off the US Data. (15600 is an area on many people's radar for bullish trend continuation, but also a great place to position price for the next leg down). Until we have a clearer picture, my medium term bias is short, but since we are in a small range, near SR targets with tight stops is the safest bet. ....
I guess it is all in how you interpret the charts. When I look at the daily chart, I see a move up starting from May thru beginning of Aug. Then I see a fib retracement. I have a fib line going from 1.5122 to 1.5996 (last major move up) and the movement since then has been a retracement to just below the 61.8 (1.5456). Yesterday's daily candle was a piercing line, which, from what I read, is a high reliability bullish reversal pattern. Am I way off in my interpretation? We're following the ABCD pattern, so I'm expecting a move to 1.6234 (the 27.2 fib extension) over the next month or so.


EDIT: Also should mention that today's candle opened above my trendline, so I more convinced of a reversal at this point.
  • #248,978
  • Aug 26, 2010 8:46am Aug 26, 2010 8:46am
Quoting Fudomyo
Besides SR, a good trick so you don't get caught on the wrong side of the smaller range trades is throw a fast RSX on a 15M/5M scalping chart. This one is set to Len 6. nice for confirming entries/exits OB/OS on the lower TFs.
this seems like a great tool to add to the toolbox. I must admit I am still not that confident in my scalping abilities. Do you have any links to where this type of indicator use is discussed in a bit more detail?

Do you mind explaining what period is the black MA on the RSX and how you are using that i.e. as an MA cross for trend change or is that just the 14MA to show the longer term trend overlayed on the short term?
  • #248,979
  • Aug 26, 2010 8:53am Aug 26, 2010 8:53am
Quoting TauTrader
Good day to you,

Going nowhere slowly. GU will probably close in the 1.5530 / 1.5535 region today.

Current support offered by Monday's close @ 1.5511 in confluence with Tuesday's high @ 1.5512. Breaking this will take you to 1.5492 ( 50% line of this week)

Trade well and do not get a bloody nose http://a.imageshack.us/img687/3641/beatupy.gif

Regards
Hey TT , Have to respectively disagree lol, Had some big time divergence on the macd and have popped above the averages on the chart that represent the macd , same thing happened on the hourly yesterday and we got the big push to these levels , last weeks high area is starting to look pretty decent lol, just had this little flag pattern on the 4 hour, will see what happens, no time table tho lol cheers and good tradeing to you my friend
Attached Image (click to enlarge)
Click to Enlarge Name: 4 hour.jpg Size: 190 KB
  • #248,980
  • Aug 26, 2010 9:02am Aug 26, 2010 9:02am
Quoting ndsouz
I think the better chances are of going down as going up has been in disagreement all London session.


Did you see what happened at the Asian session between 4.15 and 5.00 GMT today? Until that spike is explained, don't discountenance a northern move
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