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Cable Update (GBPUSD)

  • #250,381
  • Sep 1, 2010 2:05pm Sep 1, 2010 2:05pm
Nice adive brother i appreciate it
but to my technical and some fundamentals
it should test 15400 before anoy up move and i dont see 1.5570 today or tomorrow brother eu mt i sold GBPJPY ALSO GOOD TO SEL HERE
ITS JUST MY TECHNICALS
TRADE.WISELY
GOODL UCK GUYS

Quoting malcolmb14
pip... dx weakness I posted the other day on the daily played right our into my hands... 82 may be broken here

GU I am buying off 1.5440 , taking profit 1.5470 , even though we had an upthrust on the 30 min this morning there has been limited selling pressure on GU , for me buy dips is nice safe way to go till that changes

looking for further moves up in London to 1.5575 area

Days range completed at 1.5450 and over extedned at 1,5490. Hence the sideways movement for now , same with eu . Sure some of the more expereinced traders ( magik) are...
Don't compare your Trades with Others
  • #250,382
  • Sep 1, 2010 2:07pm Sep 1, 2010 2:07pm
Quoting zameer
hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
Navin is talking here about naked trading i.e. trading charts without using moving average indicators. A tip from me would be to click on Cloggies profile and then click on his posts. Me and loads of people on this thread and others have found his posts to be the most succinct education in trading to be found anywhere. There are others here who are equally fun and educational at the same time, however i find Cloggies posts to be the easiest to comprehend. i am very much a learner. Anything you dont understand Google it. Just type in Fibs.,Candles, Trend lines whatever and the result is copious. Good Luck
All systems of divination, like music itself,work through patterns.
  • #250,383
  • Sep 1, 2010 3:08pm Sep 1, 2010 3:08pm
still got short with trailing stop at -17pips...

Up 17 at moment so be

Got TP at 5420 but can't watch this anymore... CRAZY boring!

See you all for LO!

pawpaw out!
@pawpaw1000 on Twitter
  • #250,384
  • Sep 1, 2010 3:54pm Sep 1, 2010 3:54pm
Mal...

Just a follow up chart on my 1m Pip Counter Reversals....

After the trigger side long and 100 pips, we seen a reversal and sell off...waited for the Moving Averages to cross on a spike down. Thus far, this has been the low on the day and would have made a few nice sheckles had I been here for the play...I did grab a couple longs as Price hit the yellow line, but never got my TP so I hold. Unless we see an all out mass Exodus on Longs, we should close the day positive momo. Asian Session from yesterday proved to be a buyers market, I am going to go under the assumption that with the positive close on the day, buys off bottom and daily support holding that we will continue on up. This is my swing...these are my 1m charts...and this is one of my play strategies.

Chart 1 from this morning,
Chart 2 current, showing the spike low on the Moving Average Cross, counter exit and long position opportunities.

Again, not a strategy for everybody...just to give you an idea that we watch the same money moving in the same directions, this is how and what I play around with.

Attached Image(s) (click to enlarge)
Click to Enlarge Name: dailyrange.jpg Size: 81 KB
Click to Enlarge Name: 1mtriggerplay.jpg Size: 87 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #250,385
  • Sep 1, 2010 5:22pm Sep 1, 2010 5:22pm
It's triangle.
Where will go? UP or DOWN?
  • #250,386
  • Sep 1, 2010 9:30pm Sep 1, 2010 9:30pm
i'm waiting for HPI.
yesterday was good, today is the best, tomorrow is amazing.....
  • #250,387
  • Sep 1, 2010 10:12pm Sep 1, 2010 10:12pm
Quoting yurijap
It's triangle.
Where will go? UP or DOWN?
Yes!
******************* I'd rather make money than be right.
  • #250,388
  • Sep 1, 2010 10:28pm Sep 1, 2010 10:28pm
Played nicely to the daily pivot...not huge money here but a few on the grab...watching to see if we hold support here and move on back up...

A little long biased currently, until I see reason not to be.

Huddled masses look like the 5m and 15m 200 are the support in this area. Trigger southside on 5m chart and my bias will change.
Attached Image (click to enlarge)
Click to Enlarge Name: pivot.jpg Size: 84 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #250,389
  • Sep 1, 2010 10:47pm Sep 1, 2010 10:47pm
Quoting yurijap
It's triangle.
Where will go? UP or DOWN?
still donno yet...
  • #250,390
  • Sep 1, 2010 11:37pm Sep 1, 2010 11:37pm
Good day,


Trade well

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gu3.gif Size: 29 KB
  • #250,391
  • Sep 1, 2010 11:46pm Sep 1, 2010 11:46pm
Quoting malcolmb14
also eyeing that flag ... only thing bothering me is the upthrust move i saw on 30 min chart at starts US session , but so far reaction to that is muted

1.5440 is key support right now ( high volume pivot 5days back ) , then above us there is a cluster of these at 1.5530 area...

I am hoping it drops into 1.5420 for a nice low risk long in london

Attachment

did not reach my 1,5420 , so trying a long 1.5430 ....
Blogging daily now at www.volume.zone
  • #250,392
  • Sep 2, 2010 12:39am Sep 2, 2010 12:39am
any sign of breaking 1.5430 ???
  • #250,393
  • Sep 2, 2010 12:42am Sep 2, 2010 12:42am
Hi everybody. How big can be effect of the news in 20 min ?
  • #250,394
  • Sep 2, 2010 1:01am Sep 2, 2010 1:01am
Quoting malcolmb14
did not reach my 1,5420 , so trying a long 1.5430 ....
patience, malc patience , mkt moves in its time not ours
  • #250,395
  • Sep 2, 2010 1:08am Sep 2, 2010 1:08am
i go short, perhaps it will reach 1.373
yesterday was good, today is the best, tomorrow is amazing.....
  • #250,396
  • Sep 2, 2010 1:08am Sep 2, 2010 1:08am
Quoting digger1
patience, malc patience , mkt moves in its time not ours
close for 10 pip when it stalled on todays poc .... noticed gu does these shakes out last few days .. made almost the same move yesterday . Now lets see what London has for us
Blogging daily now at www.volume.zone
  • #250,397
  • Sep 2, 2010 1:12am Sep 2, 2010 1:12am
Attached Image (click to enlarge)
Click to Enlarge Name: 2septm15.gif Size: 24 KB
yesterday was good, today is the best, tomorrow is amazing.....
  • #250,398
  • Sep 2, 2010 1:16am Sep 2, 2010 1:16am
Quoting danielabas
Attachment
you sold 10 pip above major support 1.5400 .... good luck
looks like buyers came in on the bad news dip

If you get a 15 min close under 1.5390 then you may have a decent drop , other than that we may have just seen days low

watch the 30 min here .... if you get a doji I would get rid of sell . They did exactly the same move in frankfurt yesterday
Blogging daily now at www.volume.zone
  • #250,399
  • Sep 2, 2010 1:19am Sep 2, 2010 1:19am
Someone mentioned a flag yesterday. Just completed.
Attached Image
  • #250,400
  • Sep 2, 2010 1:21am Sep 2, 2010 1:21am
Quoting malcolmb14
you sold 10 pip above major support 1.5400 .... good luck
looks like buyers came in on the bad news dip

If you get a 15 min close under 1.5390 then you may have a decent drop , other than that we may have just seen days low

watch the 30 min here .... if you get a doji I would get rid of sell . They did exactly the same move in frankfurt yesterday
yeah, my mistake, thx malcolmb.been fooled by news....
yesterday was good, today is the best, tomorrow is amazing.....
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