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Cable Update (GBPUSD)

  • #252,621
  • Sep 13, 2010 7:42am Sep 13, 2010 7:42am
Quoting kotemamak
having red the thread in a while, and how the supposedly "newbies" consistently gets picked out by the resident big boys here for their inferior technical approach, i'm quite surprised no one picked out yours except for magix.
I did already for years......but some of these baby-traders.....just believe in their 10vs.....
Non licet omnibus adire Corinthum
  • #252,622
  • Sep 13, 2010 7:58am Sep 13, 2010 7:58am
Quoting javajames
I did already for years......but some of these baby-traders.....just believe in their 10vs.....
good one James. I like it.........
  • #252,623
  • Sep 13, 2010 8:05am Sep 13, 2010 8:05am
Quoting javajames
I did already for years......but some of these baby-traders.....just believe in their 10vs.....
Good one
  • #252,624
  • Sep 13, 2010 8:07am Sep 13, 2010 8:07am
Quoting kotemamak
having red the thread in a while, and how the supposedly "newbies" consistently...
  • #252,625
  • Sep 13, 2010 8:08am Sep 13, 2010 8:08am
http://www.forexfactory.com/showpost...stcount=252596

Sorry for these 10vs.....was already on the good side.....
And then again...........when they are still digging to find their good calls.....
Attached Image (click to enlarge)
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Non licet omnibus adire Corinthum
  • #252,626
  • Sep 13, 2010 8:15am Sep 13, 2010 8:15am
Quoting javajames
http://www.forexfactory.com/showpost...stcount=252596

Sorry for these 10vs.....was already on the good side.....
And then again...........when they are still digging to find their good calls.....
too earlier buy..... not yet
  • #252,627
  • Sep 13, 2010 8:23am Sep 13, 2010 8:23am
Darn ema 200. D1 ---> H4 ---> D1 ---> H1 ---> M1/M15/M30 --> M5 --- > ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #252,628
  • Sep 13, 2010 8:24am Sep 13, 2010 8:24am
Quoting manize
Darn ema 200. D1 ---> H4 ---> D1 ---> H1 ---> M1/M15/M30 --> M5 --- > ?
Just remove the 200 from a couple of them charts mani, and let this bitch really rock.

lol

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #252,629
  • Sep 13, 2010 8:35am Sep 13, 2010 8:35am
Quoting Magix
Just remove the 200 from a couple of them charts mani, and let this bitch really rock.

lol

She's already rocking and rolling all over the world
  • #252,630
  • Sep 13, 2010 8:37am Sep 13, 2010 8:37am
Quoting Magix
Just remove the 200 from a couple of them charts mani, and let this bitch really rock.

lol

D1 --> H4 ---> D1 ---> H1 ----> here she goes D1 again man !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #252,631
  • Sep 13, 2010 8:43am Sep 13, 2010 8:43am
can anyone explain to me when there is so much negative sentiment in the market, then why equitites have been shooting up with pratically no retraces...im looking at the DOW and it looks to be heading towards 10713 if not more, surely this risk sentiment would mean cable should be rising alongside it...
  • #252,632
  • Sep 13, 2010 8:44am Sep 13, 2010 8:44am
Quoting AdrianHNV
She's already rocking and rolling all over the world
Nooooooooooo....

We been hitting this same area for almost 3 weeks now. H4 200EMA to Daily 200EMA....

http://www.forexfactory.com/showpost...stcount=248400
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #252,633
  • Sep 13, 2010 8:45am Sep 13, 2010 8:45am
A confirmed break of 15390 and I will take a short.
  • #252,634
  • Sep 13, 2010 8:46am Sep 13, 2010 8:46am
S10 200ema is my directional take and currently thats down, if your not planning to hold for 2weeks, why use anything longer.


Waiting to take a Long on a move above currently.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #252,635
  • Sep 13, 2010 9:00am Sep 13, 2010 9:00am
Quoting monkey@forex
can anyone explain to me when there is so much negative sentiment in the market, then why equitites have been shooting up with pratically no retraces...im looking at the DOW and it looks to be heading towards 10713 if not more, surely this risk sentiment would mean cable should be rising alongside it...
Well I don't pretend to be an expert but i will try to answer.

When equitiies on the DOW are traded they are done so in USD. This means investors are selling another currency and buying USD...well since the DOW stocks are quoted in USD. Now in the case for cable when the DOW moves up this means investors are buying into the market so require to buy USD and sell the GBP hence GBP/USD moving downwards. This is only true if there is no positive news in England where the FTSE 100 attracts new investors as a result selling of USD and buying GBP helping the cable move up.

I hope this made sense.
Our beliefs are based on logic and the pursuit of clearity.
  • #252,636
  • Sep 13, 2010 9:08am Sep 13, 2010 9:08am
A bear flag forming.

If the bear flag holds we may have an uptrend for a while. If it breaks I'm sure there are no short of speculation on where it is heading.
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  • #252,637
  • Sep 13, 2010 9:10am Sep 13, 2010 9:10am
Risk aversion is the phenomenon when investors buy up safe-haven assets or currencies, such as the USD and/or JPY, because they don't feel confident with the state of the economy and thus steer clear of riskier assets. This usually becomes the prevailing risk sentiment when negative economic news comes out, especially from the US. Risk appetite or risk tolerance, on the other hand, is when investors pursue higher-yielding risky assets because they are confident with the economic outlook. When risk tolerance is the prevailing sentiment in the market, currencies other than the USD and JPY benefit from this so you would probably make profits by taking a long position on those. And when risk aversion is all over the market, you can go with the flow and buy up safe-haven currencies.
  • #252,638
  • Sep 13, 2010 9:12am Sep 13, 2010 9:12am
(@ monkey forex)when there is risk aversion u see eur/jpy,gbp/jpy selling hard like 2 weeks back hope u are in the clear now
  • #252,639
  • Sep 13, 2010 9:18am Sep 13, 2010 9:18am
Quoting Gbp/usd
Well I don't pretend to be an expert but i will try to answer.

When equitiies on the DOW are traded they are done so in USD. This means investors are selling another currency and buying USD...well since the DOW stocks are quoted in USD. Now in the case for cable when the DOW moves up this means investors are buying into the market so require to buy USD and sell the GBP hence GBP/USD moving downwards. This is only true if there is no positive news in England where the FTSE 100 attracts new investors as a result selling of USD and buying GBP helping...
Thanx. You've made brilliant sense.
All systems of divination, like music itself,work through patterns.
  • #252,640
  • Sep 13, 2010 9:27am Sep 13, 2010 9:27am
Long in play here, the trend is trying hard to turn up, but sadly it's failing.


If it works I get 20 - 40pips, if it fails I have 7 at risk, good Risk to Reward ratio
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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