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Cable Update (GBPUSD)

  • #254,761
  • Sep 21, 2010 9:31am Sep 21, 2010 9:31am
Quoting chazzle
lots of different ways to trade Geppy,I've made 140 pips so far by sitting in front of charts all day
Yup... I stated that in the part regarding lifestyle choice.
check out my blog: forexmademillionaire dot com
  • #254,762
  • Sep 21, 2010 9:34am Sep 21, 2010 9:34am
Quoting wormboy
hi pawpaw

no I don't mind sharing. Although I'll answer you in my thread.

Have a good one
Heya Wormy,

I'd love to repost the question on your forum but I am not as highly esteemed as the guys posting there (vouch Limit)
@pawpaw1000 on Twitter
  • #254,763
  • Sep 21, 2010 9:52am Sep 21, 2010 9:52am
Trading like sport and i c it like swimming maybe because i enjoy both
First Thing u have to got stable technique i mean system lol
2-Stuck with it
3-Develop ur technique Not change it ( less time to ur TP)
4-50% Of ur success depends on your psychology

When considering swimming technique for any stroke, analysis should follow the format described below, in this order:

1. Leg kick
3. Timing
2. Arm cycle
4. Breathing The leg kick will control the body position in the water, while the arm cycle will provide the propulsive force. The timing between the two is vital to the efficiency of the given stroke in order to provide a greater speed through the water with minimum wasted energy. Finally, breathing tech-nique should be analysed to ensure that when you breathe your overall technique is not disrupted in any way that would cause a breakdown in efficiency.
PS:
I don't mean to say i'm great or good trader it just thought came to my mind , I'm still Learning from all of U
  • #254,764
  • Sep 21, 2010 9:53am Sep 21, 2010 9:53am
Quoting TauTrader
Good day to you,

Further to my previous post, and without attempting to bore you, what I see in a bigger picture.

1) If we have to take into account the movement since start of last week, bullishness ruled. The pink line is the general directional support for this statement.

2) However, bringing into account the current week, we are in bearish territory for the week, but still slightly bullish over the 2 weeks combined.

3) Adding the daily activity, we are neither - we are back at the starting price for today.

So - only a clear break above...


[email protected] perfectly bounced 100wma on 4h , still floating.lets see what happen...
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  • #254,765
  • Sep 21, 2010 10:05am Sep 21, 2010 10:05am
Attached Image
  • #254,766
  • Sep 21, 2010 10:22am Sep 21, 2010 10:22am
Quoting Purple
I dont usually post this much, but yesterday some noob magix psyched me up... i promise i will go away after today and post no trades of mine like this much and boost.. coz its not my nature.
Gotta love these pissy little fellas to keep the entertainment value up.

WTG Purple....

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #254,767
  • Sep 21, 2010 10:33am Sep 21, 2010 10:33am
Quoting Purple
I understand... http://cdn.forexfactory.com/images/s.../yim/happy.gif but yeah... maybe I am more foolish than you, but he is the biggest fool to say something like that, being humble and respectful is the key to be successful in life.
Quoting Purple
I would contribute to trading when I want to, its my choice, not yours, but if I see anyone abusing or insulting someone for no reason at all I will protest ... if you got a problem with that than dont put up with it and keep quite... dont jump on the bandwagon and try to be a jackass next time. http://cdn.forexfactory.com/images/s.../yim/happy.gif
I feel so humbled, respected and successful after being called a jackass.
  • #254,768
  • Edited 10:53am Sep 21, 2010 10:40am | Edited 10:53am
A quick look at the charts...

A few goodies thrown into the mix with the help of huskyboy...Link here if your interested...

Showing that as we went into London close, we were at a period of being overbought...thus, no further spike into London close.

Currently we have brought that overbought value down without losing support of roll over price...

Consolidation area a little more clear, I believe if we can hold this area through FOMC we stand a pretty good shot at moving on up the chart.

The longer look...well, we still haven't quite touched down to the H4 200EMA, so there is still that as a possibility, but it really ain't that far down to this support range...1.5496.

The chart shows we are still in a bit of a bearish mode, but we are fairly close to support...whatcha gunna do?

Well, scalp the range or wait for a break either way...not gunna hafta wait to long IMO.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #254,769
  • Sep 21, 2010 10:41am Sep 21, 2010 10:41am
Quoting trending
I feel so humbled, respected and successful after being called a jackass.
Buwahahahahahahahaha...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #254,770
  • Sep 21, 2010 10:53am Sep 21, 2010 10:53am
Quoting Magix
A quick look at the charts...

A few goodies thrown into the mix with the help of huskyboy...

Showing that as we went into London close, we were at a period of being overbought...thus, no further spike into London close.

Currently we have brought that overbought value down without losing support of roll over price...

Consolidation area a little more clear, I believe if we can hold this area through FOMC we stand a pretty good shot at moving on up the chart.

The longer look...well, we still haven't quite touched down to the H4 200EMA, so there...
Looks about right to me. I am short looking to close at or about todays low, might get a fake into the FED news or maybe with the news. Either way I then look to get long rapidly.

Good Luck.
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  • #254,771
  • Sep 21, 2010 11:04am Sep 21, 2010 11:04am
Good luck everybody
  • #254,772
  • Sep 21, 2010 11:10am Sep 21, 2010 11:10am
Heres my FOMC ladder 1st entry in@15535
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  • #254,773
  • Sep 21, 2010 11:22am Sep 21, 2010 11:22am
FOMC statement: "...the pace of economic recovery is likely to be modest in the near term."

bad for dollar, less risk aversion
  • #254,774
  • Sep 21, 2010 11:23am Sep 21, 2010 11:23am
Result
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  • #254,775
  • Sep 21, 2010 11:28am Sep 21, 2010 11:28am
fly cable fly

Inserted Video
Thank You
  • #254,776
  • Sep 21, 2010 11:32am Sep 21, 2010 11:32am
Quoting spivvster
FOMC statement: "...the pace of economic recovery is likely to be modest in the near term."

bad for dollar, less risk aversion

That's not why the dollar is dropping, read the next paragraph. Further QE still an option, that is why the dollar is sinking like a lead balloon.

Why hold on to the dollar when Heli-Ben is going to drop trillions of them on the market, basic supply-demand.

Who cares about a recovery, it is a race to the bottom, the markets are driven by supply.
  • #254,777
  • Sep 21, 2010 11:36am Sep 21, 2010 11:36am
Missed my buy order by a mere 70 pips. HOW CLOSE WAS THAT?
  • #254,778
  • Sep 21, 2010 11:36am Sep 21, 2010 11:36am
Quoting wormboy
There's a bigger one on the H4, except it's on the opposite side.
Just a heads up. Good luck with your trades.
The H4 pb has come out good and the descending channel now is broken together with the dp. If this candle close at least 50% of it's range, sayonara bears.

Good luck
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Thank You
  • #254,779
  • Sep 21, 2010 11:42am Sep 21, 2010 11:42am
any suggestions on taking profit
  • #254,780
  • Sep 21, 2010 11:42am Sep 21, 2010 11:42am
mentioned gu shake out last night to 1.5500 area , then long to 1.5700 area. I did not really belive it would happen but all trades were in place and so far so good.

market crazt ..

will update daily later but for swingers that love patterns daily has a cup and handle that if we close above 1.5600 today is complete. 1.6000 target
Blogging daily now at www.volume.zone
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