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Cable Update (GBPUSD)

  • #249,641
  • Aug 29, 2010 10:16am Aug 29, 2010 10:16am
Quoting pawpaw1000
Nah, was busy doing some research! soo much to know, wonder if I'll ever get it all learnt!

Btw, He really did help me alot, I have improved markably in the last 5 months and last week had my first full week profitable, and did it again this week (although just 1.5%!)

I used to be one of the boys that would go long in a downtrend and just keep letting it run with a 100 pip stop. And believe me, I got stopped

So we going on with trading now or what? Still trying to get a place to watch the ES chart and looking at correlation between...
im making peace not war. im glad your on the right track, more pips to you
  • #249,642
  • Aug 29, 2010 10:17am Aug 29, 2010 10:17am
Quoting Precap2
I ain't gonna permit ya to write about my own God in those small letters. You done it one too many man. Stop it I warn you
My God would always be proud of me, lil defender hahahaha

Holla for peace!
. please forgive me
  • #249,643
  • Aug 29, 2010 10:24am Aug 29, 2010 10:24am
Quoting fxoxford
remember this guy, man this guy use to post some good stuff i mean it seems like everything he post came true, never back it up with any proof but he will post some good trade / chart set-up, then some newbie gave him a few grand, then this newbie check his account and trade history then bam the guy blew his account in a week, this guy no longer post on this forum again after he was expose. just cause you post all that good stuff doesn't mean a damn thing if you can't trade.
wrong.

abuawad did not blow his client's account. The client was not a newbie, he just invested in & couldn't tolerate drawdown & started making noise. And unlike jacko, abuawad returned back his client's money within a few days to avoid the hassle.
Abuawad was a respected member of this thread. He did his part in sharing & we were grateful for his contributions & was here a whole lot longer than you have. So, don't talk shit about things you don't know. Stick to your stuff. Any of you lot who feel that charts setup & analysis is a waste of time & plain baseless trade calls are enough should seriously think about opening another thread to do that.
Thank You
  • #249,644
  • Aug 29, 2010 10:25am Aug 29, 2010 10:25am
Quoting vosterfxandy
i don't even trust myself, lol!


Neither do I sometimes.
  • #249,645
  • Aug 29, 2010 10:26am Aug 29, 2010 10:26am
Quoting bucko
http://www.metatube.com/en/videos/37...-Tony-Robbins/

September crash?
I think tony robbins is a great guy..i have same view..i really thinking usd is heading towards a collapse..i never listen to people and just do what the chart say..and they screaming usd is in trouble..

we are heading for tough times i feel.. take care folks
  • #249,646
  • Aug 29, 2010 10:26am Aug 29, 2010 10:26am
Quoting bucko
http://www.metatube.com/en/videos/37...-Tony-Robbins/

September crash?
Historically the months of September and October are good for crashes. Will one happen? Who knows, but if I have the right position if and when it does occur, I will be benefitting from it. If on the other side, my SL will protect my ar$e! So statistically speaking there is a small probability of one occurring in September.
  • #249,647
  • Aug 29, 2010 10:27am Aug 29, 2010 10:27am
im quite sure the price will reach at 1.5740, eventhough the candles are still inside the triangle, but the sign of bullish is strong. the candles formation seems like bullish flag, and if you see at 15min chart there is doji at 61.8%(38.2%) and fibo retracement coincide at 61.8%(38.2%) retracement.
p=
Attached Image (click to enlarge)
Click to Enlarge Name: target price.gif Size: 26 KB

Attached Image (click to enlarge)
Click to Enlarge Name: target price 15min.gif Size: 24 KB


http://www.forexfactory.com/newattac...0cd406d8e47f13
yesterday was good, today is the best, tomorrow is amazing.....
  • #249,648
  • Aug 29, 2010 10:29am Aug 29, 2010 10:29am
Quoting pawpaw1000
Still trying to get a place to watch the ES chart and looking at correlation between S&P 500 and GU seems marked! Good way to maybe get a headstart on GU?
I use Brocotrader for my equities chart.
They have preatty much all the equities market on chart.
http://www.brocompany.com/trading-pl.../broco-trader/

If you trade asian session, then you can watch Nikkei / Hang Seng / ASX200.
If you trade London, then you can watch FTSE and DAX.
If you trade NY, you watch can DOW & SP500.

If equities go up, usualy USD is down, so this favorise up move on GU.
Only talking about equities there, you can add USDX GBPX, gold, oil, futures etc...

Hope this help.
"Flip that coin!"
  • #249,649
  • Aug 29, 2010 10:29am Aug 29, 2010 10:29am
Quoting nAVIN2007
I think tony robbins is a great guy..i have same view..i really thinking usd is heading towards a collapse..i never listen to people and just do what the chart say..and they screaming usd is in trouble..

we are heading for tough times i feel.. take care folks
Agreed Navin...

I think it will be worse than 29... but thats just me!

NWO and biblical prophecies come to mind

But hey, I love them conspiracy theories!

If US stock market crashes I guess the Dollar also gonna take a beating hey...
@pawpaw1000 on Twitter
  • #249,650
  • Aug 29, 2010 10:32am Aug 29, 2010 10:32am
Quoting Precap2
Saying you went long at that tweezers bottom is great, but saying you still have the long open isn't. I also went long but not at 1.5390, it was later. I wasn't on desk when the tweezers occurred. Those are short-term profits, you don't hold them unless you have lil or no knowledge of trend.

Bless ya.
why not?

1. H4=daily=weekly : min 200-250 pips from 5460 area where we may seen this month august close in DOJI or nice pin where this NFP could be very very interesting for shorter. I am expecting this formation in monthly will happen ~ 566 area. so 5720-5780 or even 5800 test would not suprising me.
2. Yen interentation father mother story still not conclusive yet where japan need help from US n EU as 'both of them still refuse to improve' their currentcies vs exporting activity. But japan is ready for that and they need to improve their export activity as well. so when this will happen...mmm...interesting.

http://www.bloomberg.com/news/2010-0...rdination.html

p/s: Prim, hope u get the answer when u PM b4. So look like till 2nd target n not able to go to my 3rd target yet where it bounce to an upper side first from just nice 5380 area before that massive down . I could be wrong as well, n hope u understand now, chart never lie. Regardless what ever people say, it still there...

happy weekend all n take care

g
  • #249,651
  • Aug 29, 2010 10:34am Aug 29, 2010 10:34am
Quoting wormboy
...Any of you lot who feel that charts setup & analysis is a waste of time & plain baseless trade calls are enough should seriously think about opening another thread to do that.
I second that
  • #249,652
  • Aug 29, 2010 10:38am Aug 29, 2010 10:38am
Quoting pawpaw1000
Agreed Navin...

I think it will be worse than 29... but thats just me!

NWO and biblical prophecies come to mind

But hey, I love them conspiracy theories!

If US stock market crashes I guess the Dollar also gonna take a beating hey...
yup we on the same page any1 can say what they want abt this whole NWO thing..it was said b4..there comes a stage where the theory and the reality need to come together..and i dunno about u but i see them fusing right about now..usd is in big trouble is all i know..

cable to me looks like its in a start of recovery..time gonna tell my friend (birth of amero BS is coming )
  • #249,653
  • Aug 29, 2010 10:39am Aug 29, 2010 10:39am
Quoting wormboy
wrong.

abuawad did not blow his client's account. The client was not a newbie, he just invested in & couldn't tolerate drawdown & started making noise. And unlike jacko, abuawad returned back his client's money within a few days to avoid the hassle.
Abuawad was a respected member of this thread. He did his part in sharing & we were grateful for his contributions & was here a whole lot longer than you have. So, don't talk shit about things you don't know. Stick to your stuff. Any of you lot who feel that charts setup & analysis is a waste of...
  • #249,654
  • Aug 29, 2010 10:41am Aug 29, 2010 10:41am
Quoting grashid
blom, tengah tunggu game real madrid. lani tengah main call of duty 4
Thank You
  • #249,655
  • Aug 29, 2010 10:46am Aug 29, 2010 10:46am
Quoting wormboy
blom, tengah tunggu game real madrid. lani tengah main call of duty 4
sempoi...aku barca team......

aku dah pindah ...tak lepak penang dah....sp plak...next year insyallah back to KL
ari tu nampak ko bawak anak ko naik kete merc lama pak hang....comei siut...aku ada belakang masa tu..tak sempat nak hon n lambai ko dah masuk simpang umah hg....sorry

anyway selamat ari raya bro....
  • #249,656
  • Aug 29, 2010 10:47am Aug 29, 2010 10:47am
es trades almost 24 hours. It closes for 2.5 hours after us closes ,

there is one session called globex running about 3:30 pm pst thru to 6:30 am pst.

6.30 is when the us market opens

bulk of volume on es is about 6 am PST on , 1st 2 hours of us and last 1.5 hours are the only time worth trading es .

If you look on friday gap up open , sell gap .... close support 1044 ( went a touch lower) then big doji and vol spike on 15 and up she went for rest of day ... no point in staring at screen and trying to pick a top , es will kill you if you do .... it adheres very strictly to s/r lines .... very strictly .. likey due to being autotraded ALOT




Quoting pawpaw1000
Jeepers Cloggs,

Just had a look at the correlation between ES and GU and it is amazing...

Please someone correct me if I am wrong but as I see it:

The es starts at 1500 gmt and is then traded until about 2100 gmt.

As ES falls, so does GU... Thats my observation of this week...

GU made significant moves as soon as ES opened.

Any thing else or mistakes I've made...

Thanks in advance!

PS Already found one mistake, I was looking at the S&P 500 chart and not the ES futures chart. Any links to the said chart?
Blogging daily now at www.volume.zone
  • #249,657
  • Aug 29, 2010 10:53am Aug 29, 2010 10:53am
Quoting grashid
sempoi...aku barca team......

aku dah pindah ...tak lepak penang dah....sp plak...next year insyallah back to KL
ari tu nampak ko bawak anak ko naik kete merc lama pak hang....comei siut...aku ada belakang masa tu..tak sempat nak hon n lambai ko dah masuk simpang umah hg....sorry

anyway selamat ari raya bro....
lor ..
takpa, takdak rezeki. Maybe next time

Selamat Hari Raya bro maaf zahir batin
Thank You
  • #249,658
  • Aug 29, 2010 10:54am Aug 29, 2010 10:54am
Quoting Scipionz
I use Brocotrader for my equities chart.
They have preatty much all the equities market on chart.
http://www.brocompany.com/trading-pl.../broco-trader/

If you trade asian session, then you can watch Nikkei / Hang Seng / ASX200.
If you trade London, then you can watch FTSE and DAX.
If you trade NY, you watch can DOW & SP500.

If equities go up, usualy USD is down, so this favorise up move on GU.
Only talking about equities there, you can add USDX GBPX, gold, oil, futures etc...

Hope this help.
Thanks scip,

I did notice though this week as s&P dropped, so did GU???
@pawpaw1000 on Twitter
  • #249,659
  • Aug 29, 2010 10:54am Aug 29, 2010 10:54am
forgot to attach my chart...here u go
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU-daily.jpg Size: 148 KB
Click to Enlarge Name: gu-h4.jpg Size: 167 KB
  • #249,660
  • Aug 29, 2010 10:54am Aug 29, 2010 10:54am
Quoting nAVIN2007
yup we on the same page any1 can say what they want abt this whole NWO thing..it was said b4..there comes a stage where the theory and the reality need to come together..and i dunno about u but i see them fusing right about now..usd is in big trouble is all i know..

cable to me looks like its in a start of recovery..time gonna tell my friend (birth of amero BS is coming )
lol, see what your amero gets you when commodities skyrocket you really think the money coming out of the dollar is going to get reinvested in some other paper currency thats as worthless as the usd some will but the majority will be in commodities , the high commodities prices brought everything to a screeching halt the last time around , lets see how high they get this time
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