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Cable Update (GBPUSD)

  • #262,041
  • Oct 27, 2010 9:30am Oct 27, 2010 9:30am
Quoting bigwal
Delite,

I use to be more of a longer term trader, the swap to intraday i should pay more attention to news.

After my last post we had a push down so iam hanging with it and looking @ 200ema 4hr for support again if we stay below 1.5800

W
Good for you! The weekly pivot is also in that area (H4 200EMA).
  • #262,042
  • Oct 27, 2010 9:34am Oct 27, 2010 9:34am
HERE ARE MY OPEN TRADES

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PROPER PIP COUNT.... GUESS??? 662 and counting for the week.
  • #262,043
  • Oct 27, 2010 9:40am Oct 27, 2010 9:40am
Quoting pips stunner
HERE ARE MY OPEN TRADES

Attachment

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Attachment

Attachment

PROPER PIP COUNT.... GUESS??? 662 and counting for the week.

PipStunner - you trade all of these other currencies, but only post in the Cable thread. It doesn't seem fair that we should hog all of your expertise. Maybe some people on the other threads would appreciate your presence?
  • #262,044
  • Oct 27, 2010 9:47am Oct 27, 2010 9:47am
just checking the subsequent pa since my own trading session finished earlier this Uk morning, it's a takle of the 76.4% fibs, both involved in a confluence of other supp/res factors that saw price rise from the current intraday low 5758 and find supply at the confluence of said 76.4% 5895-5758 with the descending trend line on 1hr and the previous 1hr swing hi zone...at the current intraday hi. The current intraday lo was at the 76.4% 5716-5895.

G/L

http://www.easy-upload.net/fichiers/...1027164554.gif
ex member
  • #262,045
  • Oct 27, 2010 9:48am Oct 27, 2010 9:48am
Quoting Delite
PipStunner - you trade all of these other currencies, but only post in the Cable thread. It doesn't seem fair that we should hog all of your expertise. Maybe some people on the other threads would appreciate your presence?
Lol, absolutely it seems somehow indulgant on our part, I am sure others would relish the chance of learning of your boasts, ooops, sorry trades !
ex member
  • #262,046
  • Oct 27, 2010 10:02am Oct 27, 2010 10:02am
Quoting Delite
PipStunner - you trade all of these other currencies, but only post in the Cable thread. It doesn't seem fair that we should hog all of your expertise. Maybe some people on the other threads would appreciate your presence?
lol.. nice touch!

Here is an interesting read about how the markets work. Not aimed at you Delite, but rather than post twice, I thought I get it in this post. This one is courtesy of Rob (priceaction) via twitter and it is a great analogy of how the markets work!

http://powerlinetrader.com/2010/07/3...-oliver-velez/

Still waiting on 1.5730, although I have already cashed in some of my short position. DIX will hit supply at ~78.50 and we might go back down from here (Dollar weakness). If the equity markets continue to show weakness, this bounce in the DIX might even reach 80. Great for my long-term shorts on EU, but I missed the boat on GU. Still, I don't want all of my eggs in the dollar basket!
  • #262,047
  • Oct 27, 2010 10:02am Oct 27, 2010 10:02am
Stop moved to 1.57994

If it makes the 4hr ema im out or if price goes back my stop will take me out. Either way im going to be trialing this.

Thank Magix, for going over this with so many people.

W
I need to finish something i started
  • #262,048
  • Oct 27, 2010 10:09am Oct 27, 2010 10:09am
That last move happened quick.

I am flat, over and out!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd out.gif Size: 28 KB
I need to finish something i started
  • #262,049
  • Oct 27, 2010 10:16am Oct 27, 2010 10:16am
Quoting bigwal
That last move happened quick.

I am flat, over and out!

Well done! I have used Magix M1 20/200 crossover today and gained 57 pips! It is really good for me, because having analysed waves, S&R and price action and drawn suitable conclusions, I now actually get a visual trigger, which is what is needed at the moment.

Thanks Magix!

Will post charts tomorrow.
  • #262,050
  • Oct 27, 2010 10:19am Oct 27, 2010 10:19am
Quoting bbakker
lol.. nice touch!

Here is an interesting read about how the markets work. Not aimed at you Delite, but rather than post twice, I thought I get it in this post. This one is courtesy of Rob (priceaction) via twitter and it is a great analogy of how the markets work!

http://powerlinetrader.com/2010/07/3...-oliver-velez/

Still waiting on 1.5730, although I have already cashed in some of my short position. DIX will hit supply at ~78.50 and we might go back down from here (Dollar...

Great article! So very true...
  • #262,051
  • Oct 27, 2010 10:20am Oct 27, 2010 10:20am
Quoting bigwal
That last move happened quick.

I am flat, over and out!
Magix aka Deuce says two touches of the MA and then it normally breaks. This is the second touch, maybe a small bounce back up and then down again. For me demand is at 1.5750-1.5764 and I still have my sights set on 1.5730 today.... but I could be wrong. Whatever happens, I have made my pips today on both EU and GU.

Still, it was an excellent trade using Magix's MAs, so well played and nicely done
  • #262,052
  • Oct 27, 2010 10:21am Oct 27, 2010 10:21am
Delite,

Same for me, its the visual trigger.

pound has been very up and down, im not interested in capturing every pip on the moves.

But this method could suit me fine.

Im outta here.

w
I need to finish something i started
  • #262,053
  • Oct 27, 2010 10:23am Oct 27, 2010 10:23am
Quoting bigwal
Thats why i put up the chart, see if he has any input on it.

Warren
The only thing that would make the chart look better is if the MAs were not so flat and "weaving" , but hey-looks like it worked great,possible 65 there,good work
  • #262,054
  • Oct 27, 2010 10:24am Oct 27, 2010 10:24am
Quoting grashid
http://www.youtube.com/watch?v=xT0Cw38RSDo



2 more day to go........
Tell us my friend, how can you be so sure this drop will occur in 2 days? Will US GDP figure be the catalyst?
  • #262,055
  • Oct 27, 2010 10:26am Oct 27, 2010 10:26am
Quoting Delite
You've probably seen it already, but Magix posted this morning on 20/200 MA crosses on the M1 chart. Fits in nicely with your 10/20 pip targets...
Delite-I don't trade any lower than M15...not good for me or my account...

hope all is good with you
  • #262,056
  • Oct 27, 2010 10:26am Oct 27, 2010 10:26am
Quoting bbakker
Magix aka Deuce says two touches of the MA and then it normally breaks. This is the second touch, maybe a small bounce back up and then down again.

B - can you please explain which t/f you are looking at? I can't see this as being a second touch on any t/f. Help...!
  • #262,057
  • Oct 27, 2010 10:28am Oct 27, 2010 10:28am
Quoting chazzle
Delite-I don't trade any lower than M15...not good for me or my account...

hope all is good with you

Ha! Yes, I know what you mean! Right now the immediacy of the M1 suits me!

How is your other thread going?
  • #262,058
  • Oct 27, 2010 10:29am Oct 27, 2010 10:29am
bbakker,

I am trying the smaller t/f, used daily and weekly for about 3 years now and decided that i wanted to become a more flexible trader.

Any timeframe, sideways or trending market.

We all know it forms the same patterns and pa, on 1 minute upto weekly t/f

The lower t/f has been difficult for me to adjust to, but its looking more promising .

Thanks for your kind words.

w
I need to finish something i started
  • #262,059
  • Oct 27, 2010 10:31am Oct 27, 2010 10:31am
Delite,

I think bbakker means the second touch of 200ema on 4hr
I need to finish something i started
  • #262,060
  • Oct 27, 2010 10:32am Oct 27, 2010 10:32am
Quoting bigwal
Delite,

I think bbakker means the second touch of 200ema on 4hr

Duh! Sorry - such a blonde...
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