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Cable Update (GBPUSD)

  • #263,181
  • Nov 3, 2010 12:32pm Nov 3, 2010 12:32pm
Quoting wormboy
but in all honesty i don't think it's your technical approach that needs polishing ..

Nah, just turn your screen upside down, that fixes that in an instant....



I am done for the day, yooro is topping out, bit of profittaking on Cable. Tomorrow is another day...

Cable to 6052 and euro to 4083

See y'all.
  • #263,182
  • Nov 3, 2010 12:35pm Nov 3, 2010 12:35pm
Quoting darrenware
Hi Brian

I have been studying the S & D would you say the rectangle marked on my chart is the new Demand area.

Or am i way off mark here?

Thanks

Darren

EDIT: on the 4h it extends to 1.6093
That is correct! A previous supply area that is now a demand area. Resistance that has turned support!
  • #263,183
  • Nov 3, 2010 12:36pm Nov 3, 2010 12:36pm
Quoting cloggie
Nah, just turn your screen upside down, that fixes that in an instant....



I am done for the day, yooro is topping out, bit of profittaking on Cable. Tomorrow is another day...

Cable to 6052 and euro to 4083

See y'all.
lol, i hear that works too

see ya tomorrow, have a good one
Thank You
  • #263,184
  • Nov 3, 2010 12:38pm Nov 3, 2010 12:38pm
Quoting wormboy
lol, i hear that works too

see ya tomorrow, have a good one

I do it here, as soon as I see 10 guys calling short, I add to my longs, at least I know where my money is coming from.......


See you tomorrow, am going to focus a bit more on trading and a bit less on BS-ing here though.
  • #263,185
  • Nov 3, 2010 12:38pm Nov 3, 2010 12:38pm
Quoting wormboy
support where darren? what level?
around the 1.6115 level on chart marked to the left below - the rectangle boxes
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 67 KB
Enter Signature
  • #263,186
  • Nov 3, 2010 12:41pm Nov 3, 2010 12:41pm
Quoting cloggie
If you are going to dump dollars, where do you think you should go Sterling or euro?

Don't go figuring just look at the daily on both and see the larger increase in euro vs Sterling and you can tell pretty easily where the smart money is going.

Assume/assure.....
Cross pair analysis also helps. Look at EURGBP to see which one is the stronger of the two and in the last couple of months it has been the Euro! Therefore Euro longs against the dollar would have paid more than Sterling longs against the dollar!
  • #263,187
  • Nov 3, 2010 12:41pm Nov 3, 2010 12:41pm
Quoting darrenware
around the 1.6115 level on chart marked to the left below - the rectangle boxes
don't you mean resistance?
that's the reason i said i'd want 115 to clear before i take a place a new buy
Thank You
  • #263,188
  • Nov 3, 2010 12:42pm Nov 3, 2010 12:42pm
Quoting wormboy
don't you mean resistance?
that's the reason i said i'd want 115 to clear before i take a place a new buy
Yeah sorry....doh!
Enter Signature
  • #263,189
  • Nov 3, 2010 12:48pm Nov 3, 2010 12:48pm
Great thanks...slowly getting there

Quoting bbakker
That is correct! A previous supply area that is now a demand area. Resistance that has turned support!
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  • #263,190
  • Nov 3, 2010 12:54pm Nov 3, 2010 12:54pm
Quoting darrenware
Yeah sorry....doh!
orite. you're not wrong then as far as I'm concerned. Bias is still bullish, but I'll only buy after 115 is cleared. Not gonna wait for it tho, i have the alert set.
Catch you tomorrow. Trade safe!
Thank You
  • #263,191
  • Nov 3, 2010 12:56pm Nov 3, 2010 12:56pm
Quoting wormboy
Trade safe!
I'll try
Enter Signature
  • #263,192
  • Nov 3, 2010 1:07pm Nov 3, 2010 1:07pm
looks like gains capped for now by Oct15 high of 16107...see if it holds,I am short just below this level
Attached Image (click to enlarge)
Click to Enlarge Name: savem.PNG Size: 41 KB
  • #263,193
  • Nov 3, 2010 1:15pm Nov 3, 2010 1:15pm
Hi can anybody recommend a book or website that can guide you through writting a trading plan?
I am finding it diffcult to get one written out.

Cheers.
  • #263,194
  • Nov 3, 2010 1:18pm Nov 3, 2010 1:18pm
Quoting reflex
Hi can anybody recommend a book or website that can guide you through writting a trading plan?
I am finding it diffcult to get one written out.

Cheers.
Check out the attachments in this thread -
http://www.forexfactory.com/showthread.php?t=4073
  • #263,195
  • Nov 3, 2010 1:20pm Nov 3, 2010 1:20pm
I am taking a break from FF for a while. Work is picking up in the run-up to Xmas, which is our busiest time of year as the Telcos implement their changes to their systems and I have a lot of personal stuff to sort out too. Wish you all success with your trading and see you soon!
  • #263,196
  • Nov 3, 2010 1:24pm Nov 3, 2010 1:24pm
Quoting bbakker
I am taking a break from FF for a while. Work is picking up in the run-up to Xmas, which is our busiest time of year as the Telcos implement their changes to their systems and I have a lot of personal stuff to sort out too. Wish you all success with your trading and see you soon!
see you Monday LO then bb (lol)
  • #263,197
  • Nov 3, 2010 1:24pm Nov 3, 2010 1:24pm
Quoting bbakker
Check out the attachments in this thread -
http://www.forexfactory.com/showthread.php?t=4073
Cheers bbakker.
  • #263,198
  • Nov 3, 2010 1:24pm Nov 3, 2010 1:24pm
Quoting wormboy
you're not stupid, you're just new. you'll only be stupid if you keep on doing it next time. forget about it, time to move on
it remember me the time when i did the same thing.......... but now i am stable and getting much from this forum specially from u !
  • #263,199
  • Nov 3, 2010 1:25pm Nov 3, 2010 1:25pm
Quoting bbakker
I am taking a break from FF for a while. Work is picking up in the run-up to Xmas, which is our busiest time of year as the Telcos implement their changes to their systems and I have a lot of personal stuff to sort out too. Wish you all success with your trading and see you soon!
Cheers....have a good one
Enter Signature
  • #263,200
  • Nov 3, 2010 1:30pm Nov 3, 2010 1:30pm
Quoting bbakker
I am taking a break from FF for a while. Work is picking up in the run-up to Xmas, which is our busiest time of year as the Telcos implement their changes to their systems and I have a lot of personal stuff to sort out too. Wish you all success with your trading and see you soon!
All the best bro. Take care but don't leave it too late to return to the madhouse.
You've got to be IN IT to WIN IT!
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