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Cable Update (GBPUSD)

  • #257,601
  • Sep 30, 2010 2:42pm Sep 30, 2010 2:42pm
Quoting chazzle
Sunsi,Nate thanks guys - FF is a great resource for us
No problem. I like your style in trading. It works for you, and doesn't immediately make you reget putting in a trade if it goes against you instantly.
  • #257,602
  • Sep 30, 2010 2:49pm Sep 30, 2010 2:49pm
Quoting Nate04
No problem. I like your style in trading. It works for you, and doesn't immediately make you reget putting in a trade if it goes against you instantly.
its about absorbing the movement in price,so it slows things down in your own head and plus,you can profit from a bias rather than having to be exact-you don't have to be a fortune teller!
  • #257,603
  • Sep 30, 2010 2:58pm Sep 30, 2010 2:58pm
Quoting Sunsi
Will do!
Learning alot from reading your posts.
The last 4 weeks I have avg around 200 pips in profit.
I still have alot to learn, but it`s a start!one year ago I was losing.

You need the patience to wait for the right trigger and the determination to take it. That only comes with time, it takes 10,000 hours of screen time just to be mediocre. There are no shortcuts, there is no system. You just need to find your edge, a way of trading that suits your mentality and thought process. Some like to scalp, some like to position trade, there are H4 swing traders, all have potential for making money, you just need to find something that suits you.
  • #257,604
  • Sep 30, 2010 3:02pm Sep 30, 2010 3:02pm
Quoting cloggie

http://www.forexfactory.com/attachme...3&d=1282915956

Compliments Cloggie, impressive ! Eizo screens ?
________________________________ Errare humanum est
  • #257,605
  • Sep 30, 2010 3:02pm Sep 30, 2010 3:02pm
Quoting Geppy
Yep, the uptrend is actually still intact. So for those position players... buy and hold is the name of the game still.
Nice to b in an agreement bro
Have 10 open positions 1 under water so far all is good.
Let's c what Asia will Do.
  • #257,606
  • Sep 30, 2010 3:05pm Sep 30, 2010 3:05pm
Quoting MisterTrader
Compliments Cloggie, impressive ! Eizo screens ?

They are digital Samsungs in portrait mode driven of 2 Z600's with dual Quad I7's and dual NVDIA's with 32Gb of ram each. And I run dual SQL servers for datafeed and currency correlation.
  • #257,607
  • Sep 30, 2010 3:10pm Sep 30, 2010 3:10pm
hi guys, do you know why gbp/usd downed so much?
  • #257,608
  • Sep 30, 2010 3:14pm Sep 30, 2010 3:14pm
wat are the current levels of gbp,, is it going to 1.5800 ?? or gonna go down to 1.5600???
  • #257,609
  • Sep 30, 2010 3:23pm Sep 30, 2010 3:23pm
go long for retrace now?
Hero calls followed by margin calls...
  • #257,610
  • Sep 30, 2010 3:25pm Sep 30, 2010 3:25pm
shalll go long or short ??????
  • #257,611
  • Sep 30, 2010 3:29pm Sep 30, 2010 3:29pm
Quoting tigican
hi guys, do you know why gbp/usd downed so much?
Obvious the movements of GBP and USD.
Look at USDX for the major influance:
Attached Image


Compare GU with EU to find strength/weakness of GBP (at least that's what I do) and it is weakness atm.

With some imagination you can see a bull-flag developing with USDX.
At the moment USDX is trending down so pushing up GU a little.
Lower TL of flag lies around 78.87 (my POI) where if it is respected GU could imo turn down again.
Don't be a hero. Don't have an ego. Always question yourself
  • #257,612
  • Sep 30, 2010 3:29pm Sep 30, 2010 3:29pm
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Good day everyone

long from 15680 and 15700 because of falling wedge on M30 and H1.

Good luck everyone

Regards
  • #257,613
  • Sep 30, 2010 3:29pm Sep 30, 2010 3:29pm
Quoting raasmasud
shalll go long or short ??????
i think, it will be flat when asian's stock market open. it is nearly weekly pivot and unstable.
  • #257,614
  • Sep 30, 2010 3:33pm Sep 30, 2010 3:33pm
Quoting USD-Bear
Obvious the movements of GBP and USD.
Look at USDX for the major influance:
Attachment

Compare GU with EU to find strength/weakness of GBP (at least that's what I do) and it is weakness atm.

With some imagination you can see a bull-flag developing with USDX.
At the moment USDX is trending down so pushing up GU a little.
Lower TL of flag lies around 78.87 (my POI) where if it is respected GU could imo turn down again.
thanks USD-Bear. i imagined, there was news about gbp.
  • #257,615
  • Sep 30, 2010 3:46pm Sep 30, 2010 3:46pm
Quoting tigican
i think, it will be flat when asian's stock market open. it is nearly weekly pivot and unstable.
so the trend is up ?
  • #257,616
  • Sep 30, 2010 3:52pm Sep 30, 2010 3:52pm
Quoting raasmasud
so the trend is up ?
trendline was broken. i think, down.
  • #257,617
  • Sep 30, 2010 3:59pm Sep 30, 2010 3:59pm
Quoting raasmasud
so the trend is up ?

This is a trading thread, not a place for rookies to get signals. Do yourself a favour and visit www.babypips.com and start there.
  • #257,618
  • Sep 30, 2010 4:01pm Sep 30, 2010 4:01pm
yezza...more bear for tomorrow!!!
  • #257,619
  • Sep 30, 2010 4:10pm Sep 30, 2010 4:10pm
where o where do we short this sucker??

Could retrace a lot right before 3am, I may wait till then so i can get a better entry!
  • #257,620
  • Edited 4:27pm Sep 30, 2010 4:13pm | Edited 4:27pm
Quoting tigican
trendline was broken. i think, down.
I see 5636 as the last swing low on h4 and 5513 on daily so until at least the H4 swing low is broken, I'd say we still heading up. Got a Higher High today even though we dropped like crazy...

Wasn't here today, went castle hopping but what a crazy day!

anyone else like to correct me?

Opened a long at 5705 and targeting 5850... s/l below low of today...
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