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Cable Update (GBPUSD)

  • #263,061
  • Nov 3, 2010 11:40am Nov 3, 2010 11:40am
50% retrace held the bottom for the moment. once we knock above R1, looking for more upside. 16103 next test above this area.
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  • #263,062
  • Nov 3, 2010 11:55am Nov 3, 2010 11:55am
Quoting Fudomyo
50% retrace held the bottom for the moment. once we knock above R1, looking for more upside. 16103 next test above this area.

theres a hell of a lot diversion, because i have such a strong bullish stance..i failed to sell when we were at the high as the only signal i had really was the div bearish..

anyways just pointing it out..
hope u well bro?
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  • #263,063
  • Nov 3, 2010 12:00pm Nov 3, 2010 12:00pm
I'm really starting to freak out now... Who are you man ?

Quoting cloggie

4007 holding, 4023 giving will set the way to 4038, but you got to give it time here to consolidate first she is not going to move in a hurry. Let it run through a few test cycles so you can have a visual aid to use for direction.
Hello.
  • #263,064
  • Nov 3, 2010 12:00pm Nov 3, 2010 12:00pm
Quoting Fudomyo
50% retrace held the bottom for the moment. once we knock above R1, looking for more upside. 16103 next test above this area.
heyy...you steal my chart dude..,

happy trading..
I will be the number one Manager.
  • #263,065
  • Nov 3, 2010 12:02pm Nov 3, 2010 12:02pm
Quoting cloggie

4007 holding, 4023 giving will set the way to 4038.

Job done, simples.

Next 4053

http://programmerblacksmith.files.wo...4/spoon3_1.jpg
  • #263,066
  • Nov 3, 2010 12:02pm Nov 3, 2010 12:02pm
Quoting nAVIN2007
theres a hell of a lot diversion, because i have such a strong bullish stance..i failed to sell when we were at the high as the only signal i had really was the div bearish..

anyways just pointing it out..
hope u well bro?
hey bro! is going well.

how're you doing?

yeah, saw that. I've got bearish divergence on the 4H and up too. (thought I might sneak in a cheeky long before FOMC anyway...lol)
  • #263,067
  • Nov 3, 2010 12:05pm Nov 3, 2010 12:05pm
Quoting javapips
heyy...you steal my chart dude..,

happy trading..
rofl...

actually that was wrong chart.... this one's a bit more updated.
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  • #263,068
  • Nov 3, 2010 12:05pm Nov 3, 2010 12:05pm
Quoting emene
I'm really starting to freak out now... Who are you man ?
Trading is not very complicated, it is the retailers that make it so.
  • #263,069
  • Nov 3, 2010 12:06pm Nov 3, 2010 12:06pm
Quoting cloggie

Next 4053

Like taking candy from a baby.

Next 4068
  • #263,070
  • Nov 3, 2010 12:08pm Nov 3, 2010 12:08pm
16103 TP hit
  • #263,071
  • Nov 3, 2010 12:08pm Nov 3, 2010 12:08pm
Done. My mental health is in danger. There's so much I can handle. So do you know what happened before the Big Bang that created our universe ?

Quoting cloggie
Job done, simples.

Next 4053

http://programmerblacksmith.files.wo...4/spoon3_1.jpg
Hello.
  • #263,072
  • Nov 3, 2010 12:09pm Nov 3, 2010 12:09pm
Quoting emene
. So do you know what happened before the Big Bang that created our universe ?

Yup a retailer blew his account on a margin call because he could not figure out how to trade despite his 600 indicators and threw his PC out the window.

Joking aside there are plenty here that get their calls right.
  • #263,073
  • Nov 3, 2010 12:10pm Nov 3, 2010 12:10pm
Quoting cloggie
Like taking candy from a baby.

Next 4068

I had enough here; covered. A few pips shy of target. Can't win them all.
  • #263,074
  • Nov 3, 2010 12:11pm Nov 3, 2010 12:11pm


Well; you've just found why Bill Gates called it Windows then. Great.

Quoting cloggie
Yup a retailer blew his account on a margin call and threw his PC out the window.
Hello.
  • #263,075
  • Nov 3, 2010 12:13pm Nov 3, 2010 12:13pm
Quoting Fudomyo
16103 TP hit
TP??? i plan it till 6270 tomorrow... (sure if not break last low)
I will be the number one Manager.
  • #263,076
  • Nov 3, 2010 12:14pm Nov 3, 2010 12:14pm
Quoting javapips
TP??? i plan it till 6270 tomorrow... (sure if not break last low)
You are going to hold trades over FOMC with likely 200-300 pips swings and spreads going to 150 pips? Hope your stops and margin can handle that.

Unless you are a position trader I would recommend very strongly against holding anything that you cannot afford to lose over FOMC, either that or take of all your stops except a TP, but even that one can get hit with 200 pips against you on slippage and a cr@p broker.

We have been building towards this moment for 6 weeks, don't go p!ssing it all away on a gamble.
  • #263,077
  • Nov 3, 2010 12:20pm Nov 3, 2010 12:20pm
Quoting javapips
TP??? i plan it till 6270 tomorrow... (sure if not break last low)

not trading during FOMC announcement (just some small trades atm to stay awake) will go back in afterwards.
  • #263,078
  • Nov 3, 2010 12:21pm Nov 3, 2010 12:21pm
This is my chart from this morning. I guess the main thing I lack is knowing what to do with it, cause it seems the levels seems pretty ok. Damn !

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Hello.
  • #263,079
  • Nov 3, 2010 12:22pm Nov 3, 2010 12:22pm
Quoting cloggie
You are going to hold trades over FOMC with likely 200-300 pips swings and spreads going to 150 pips? Hope your stops and margin can handle that.

Unless you are a position trader I would recommend very strongly against holding anything that you cannot afford to lose over FOMC, either that or take of all your stops except a TP, but even that one can get hit with 200 pips against you on slippage.
well, i have a good broke-r...they guaranty about SL, it will be hit even there is slip, and no doubt about that..,cos many time price didn't touch my SL, they hit it also...


ps: actually i don't know what is FOMC... (please tell me )
I will be the number one Manager.
  • #263,080
  • Nov 3, 2010 12:23pm Nov 3, 2010 12:23pm
Quoting emene
This is my chart from this morning. I guess the main thing I lack is knowing what to do with it, cause it seems the levels seems pretty ok. Damn !


Well researched and thought out, just trade the d@rn thing, start making decisions and don't go waiting for something to happen by then it is too late.

Have a look at bbmac's posts too, he is the king of divergence here.
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