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Cable Update (GBPUSD)

  • #260,701
  • Oct 15, 2010 7:45am Oct 15, 2010 7:45am
Quoting bbakker
Doesn't matter if the news was good in YOUR eyes. The market does not care what YOU think.
And what exactly meant that?
Gentle manners?
  • #260,702
  • Oct 15, 2010 7:49am Oct 15, 2010 7:49am
From 4H to 5 Min it is bullish. I am using Ichimoku. Good luck everyone.
  • #260,703
  • Oct 15, 2010 7:50am Oct 15, 2010 7:50am
Quoting bbakker
Doesn't matter if the news was good in YOUR eyes. The market does not care what YOU think.
right, I was just saying the manufacturing index and other results being quite positive? and we dont know anything more about QE than we did before.
  • #260,704
  • Oct 15, 2010 7:51am Oct 15, 2010 7:51am
Quoting Delite
And only just - it bounced straight off 6055. Have you had a good week?
Flat week for me. You win some, you lose some, but it is all part of my learning experience.

Still tweaking my trading plan with all my experiences in the market and the parameters I will be using, so at this stage for me it is not about making money. It is taking longer than I expected...

Have a nice weekend!
  • #260,705
  • Oct 15, 2010 7:53am Oct 15, 2010 7:53am
Using demo is good until you win consistently for a while.
  • #260,706
  • Oct 15, 2010 7:54am Oct 15, 2010 7:54am
Quoting pip4master
thinking to 1.6000 level cabel correction before going up back

There is WR1 in between at 6059. Be interesting to see if that now acts as support.
  • #260,707
  • Oct 15, 2010 7:55am Oct 15, 2010 7:55am
Quoting Wgold2
right, I was just saying the manufacturing index and other results being quite positive? and we dont know anything more about QE than we did before.
Too true and QE2 has, for the most part, already been priced into the market. I wish you success with your trading. I will wait until Sunday opening now. Looks like it was a bull trap! Well played!
  • #260,708
  • Oct 15, 2010 7:57am Oct 15, 2010 7:57am
Quoting edmturk
Using demo is good until you win consistently for a while.
Micro is even better. You will get the emotional feelings associated with winning and losing REAL money.
  • #260,709
  • Oct 15, 2010 7:57am Oct 15, 2010 7:57am
It is coming down but it is generally bullish.
  • #260,710
  • Oct 15, 2010 7:59am Oct 15, 2010 7:59am
Lost almost $5000 last year and am using demo until February and if successfull i will go live. So far tripled my demo account. See if i survive.
  • #260,711
  • Oct 15, 2010 8:02am Oct 15, 2010 8:02am
Quoting bbakker
Still tweaking my trading plan with all my experiences in the market and the parameters I will be using, so at this stage for me it is not about making money. It is taking longer than I expected...

Have a nice weekend!
I bet their are many on here that can relate to that my friend.

You have a good relaxing weekend too
  • #260,712
  • Edited 8:19am Oct 15, 2010 8:08am | Edited 8:19am
I have a demo accout also, but i just got aprooved form FXCM for the real thing. ( a little scary) I've ben reading this forum for the last couple of week's. I'm hoping to get a little advice from tme to time . These guy's seem to be realy good. Good luck
  • #260,713
  • Oct 15, 2010 8:09am Oct 15, 2010 8:09am
Quoting edmturk
It is coming down but it is generally bullish.
good one..
  • #260,714
  • Oct 15, 2010 8:10am Oct 15, 2010 8:10am
Quoting edmturk
It is coming down but it is generally bullish.
not for long. that spike earlier was sold into bigtime.
Thank You
  • #260,715
  • Oct 15, 2010 8:11am Oct 15, 2010 8:11am
Quoting JanPoko
And what exactly meant that?
Gentle manners?
I was not being rude, just stating the facts!

It really doesn't matter what we think is going to happen in the market, because the market will always be right. We can project, conjecture, guess and analyse to our hearts content, whatever we think, it will have no reflection as to what the market is going to do. That is your thought for the weekend my friend.
  • #260,716
  • Oct 15, 2010 8:17am Oct 15, 2010 8:17am
Quoting Rockie
I have a demo accout also, but i just got aprooved form FXCM for the real thing. ( a little scary) I've ben reading this forum for the last couple of week's. I'm hoping to get some good direction. These guy's seem to be realy good. Good luck
If you're smart, you will have opened a Micro account with a $1000 or so. I wish you success with your trading!
  • #260,717
  • Oct 15, 2010 8:20am Oct 15, 2010 8:20am
Quoting wormboy
not for long. that spike earlier was sold into bigtime.
Agree.. PA showed a rejection meaning something fishy around that res. for the next hours we should see some drop. We will see 1.58 again.. we will see.
  • #260,718
  • Oct 15, 2010 8:29am Oct 15, 2010 8:29am
Did that move down take everyone here by surprise or was it me missing something? I think i will be avoiding the news from now on
Enter Signature
  • #260,719
  • Oct 15, 2010 8:30am Oct 15, 2010 8:30am
This is a typical buy signal on Eurjpy. although i dont trade on fridays.. i rarely do.

Attached Image


entry was on 114.25 and sl 114.09 TP??? Self defined.






Get Rich or Donate to brokers... Life is all about Choices.
  • #260,720
  • Oct 15, 2010 8:33am Oct 15, 2010 8:33am
Quoting trendspider
Here's how i see it.

It will try to reach higher edge of the channel where it intersects with fib 161 at 6095 .
From there i'll short.
Ok, it bounced strongly from the top channel edge back inside. If this holds we may see 5880 levels again...
Attached Image (click to enlarge)
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