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Cable Update (GBPUSD)

  • #263,581
  • Nov 5, 2010 10:38am Nov 5, 2010 10:38am
Quoting darrenware
Ok if you want me to have a little flutter then it will move upto 1.6263 (the high at 6.30am today) and drop to the DP.

I am so confident of this i am NOT trading it
I tell lies

Quoting darrenware
Taking a small short to the DP from the fib 61.8 @ 1.6244
Closed manually when it touched dp, Thats me done for the day....have a great weekend guys

Took TP at 1.6218
Enter Signature
  • #263,582
  • Nov 5, 2010 10:42am Nov 5, 2010 10:42am
Quoting Dayboy001
Is there anything interesting about this correlation??

Other than whilst i have been watching it the GBP has dropped 40pips

Check out redwood11's post on the last page....chart sums it up
Enter Signature
  • #263,583
  • Nov 5, 2010 10:45am Nov 5, 2010 10:45am
Quoting darrenware
I tell lies



Closed manually when it touched dp, Thats me done for the day....have a great weekend guys

Took TP at 1.6218
same here, was originally short biased myself at outset of NFP
gonna TP here at 1.6205 good enough for the week

gl all, enjoy the wknd
  • #263,584
  • Nov 5, 2010 10:45am Nov 5, 2010 10:45am
Quoting Dayboy001
Is there anything interesting about this correlation??

Other than whilst i have been watching it the GBP has dropped 40pips

Crap, I thought it was safer shorting EU.
  • #263,585
  • Nov 5, 2010 10:46am Nov 5, 2010 10:46am
Quoting bigwal
That Red he da man.

Very good info on his thread, infact, price is everything!

W
Just had a quick look, and yes, you are quite right!

More reading for the weekend...!
  • #263,586
  • Nov 5, 2010 10:55am Nov 5, 2010 10:55am
Quoting GlobalMacro
Oh yeah baby...that's how it's done...that's how we love it...

skeed skeed...

Skeed skeed...some more...alright...

she's on her best way to End the week on a bearish note...
Hear the music before the song is over ...
  • #263,587
  • Nov 5, 2010 11:08am Nov 5, 2010 11:08am
Quoting Dayboy001
Thanks,

never looked at USD/CAD before whats the correlation like ?
I'd like to refer you to GM's posts but in case you dont want to go there, briefly,: USD/CAD is genarally believed to be a commodities currency. It has opposite correlation to the AUD/USD almost to the same degree as EUR/CHF . It therefore is considered as a primary opposite correlation (technically)to most currencies trading against the dollar. OK guys bring it on, am i wrong as ever.Try putting up the six majors and watch for a while. Perhaps six months or so.

Hey,GM..i'still got some salmon on the fire. Good to see you back,mun.
All systems of divination, like music itself,work through patterns.
  • #263,588
  • Nov 5, 2010 11:24am Nov 5, 2010 11:24am
Quoting redsword11
Attachment



other open trade - closed most of it

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this pair mirrors dx


also short aud from supply


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  • #263,589
  • Nov 5, 2010 11:29am Nov 5, 2010 11:29am
Quoting kaspopsicle

Hey,GM..i'still got some salmon on the fire. Good to see you back,mun.
Hi Kas, how are you?....keep 'em in a safe place for me, will you?...some day I'm gonna show up and never wanna leave again...
Hear the music before the song is over ...
  • #263,590
  • Nov 5, 2010 11:43am Nov 5, 2010 11:43am
Quoting GlobalMacro
Hi Kas, how are you?....keep 'em in a safe place for me, will you?...some day I'm gonna show up and never wanna leave again...
me ?.i'm so much better for you being here..smiling big time..The salmon is tapping its toes on the desk in the chiller..it'll keep . The scampi's doin a tango waiting on the lime..its a bloody shame i've got to go out to sell some cod, could talk to you all night.Will be back around 8.00 GMT.All cockles to you.( as in "warms the cockles of your heart")
All systems of divination, like music itself,work through patterns.
  • #263,591
  • Nov 5, 2010 12:06pm Nov 5, 2010 12:06pm
Quoting trending
UCad hitting the 1 mark. Not longing until it is breached.
1 Mark breached !! didn't help GBP get through !!

  • #263,592
  • Nov 5, 2010 12:12pm Nov 5, 2010 12:12pm
Quoting kaspopsicle
me ?.i'm so much better for you being here..smiling big time..The salmon is tapping its toes on the desk in the chiller..it'll keep . The scampi's doin a tango waiting on the lime..its a bloody shame i've got to go out to sell some cod, could talk to you all night.Will be back around 8.00 GMT.All cockles to you.( as in "warms the cockles of your heart")
alright Kas that's sounds absolutely delicious...damn that's some new vocabulary....LOL...for a minute I thought you're doing something to the fish to get them sold quicker....
Hear the music before the song is over ...
  • #263,593
  • Nov 5, 2010 12:36pm Nov 5, 2010 12:36pm
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  • #263,594
  • Nov 5, 2010 2:33pm Nov 5, 2010 2:33pm
short from here the little correction .6202

tp and sl open
  • #263,595
  • Nov 5, 2010 2:54pm Nov 5, 2010 2:54pm
Quoting GlobalMacro
alright Kas that's sounds absolutely delicious...damn that's some new vocabulary....LOL...for a minute I thought you're doing something to the fish to get them sold quicker....
I'm kicking myself, didnt get into any trade today as had other stuff to do and wasnt able to keep an eye on things. I just knew when you made that call this morning that all the ballistics were right for some lovely trades. The volatility of major pressure build up is something i cant resist...made mistakes to start with...but starting to learn through mistakes.At least with the help of guys like you i am building confidence through watching.
Learning... but well pissed at not trading
Please hang around... i'm sure i'm not the only one to have missed you.The bears are feasting. Think it could be on salmon,going to check higher time frames,....scampi's still here..sorry Nav.
All systems of divination, like music itself,work through patterns.
  • #263,596
  • Nov 5, 2010 3:40pm Nov 5, 2010 3:40pm
Quoting baggermatsch
short from here the little correction .6202

tp and sl open
in .62016
out .61865
+15.1 pips

good weekend all
  • #263,597
  • Edited Nov 6, 2010 8:20am Nov 5, 2010 4:07pm | Edited Nov 6, 2010 8:20am
You're a friend of Kas, so that on its own is good enough for me, but in just one of your posts of today I witnessed enough perspicacity, wit and intelligence to gladden my heart.

You make my spirits soar, like Jon Vickers, noted Heldentenor, singing 'M'Appari', or 'Cielo e Mar'.

I look forward to your further posts.
Steve
The dream will never die
  • #263,598
  • Nov 5, 2010 4:24pm Nov 5, 2010 4:24pm
Quoting Brotyboy
You're a friend of Kas's, so that on its own is good enough for me, but in just one of your posts of today I witnessed enough perspicacity, wit and intelligence to gladden my heart.

You make my spirits soar, like Jon Vickers, noted Heldentenor, singing 'M'Appari', or 'Cielo e Mar'.

I look forward to your further posts.
Steve
Allright..fish on the barbie ,my place next w/e.'an the ingin 'ane the ar...love you both.. looking forward to you'se both telling me what to do next week.
On with the show..
God bless ,wonderful weekend.
All systems of divination, like music itself,work through patterns.
  • #263,599
  • Nov 6, 2010 4:23am Nov 6, 2010 4:23am
might head to 1.54 by january or 1.70

i favor dollar strength

food for thought



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Mind over matter..I don't mind and you don't matter.
  • #263,600
  • Nov 6, 2010 10:03am Nov 6, 2010 10:03am
This week I have been working on a pet project with a few friends. In doing this, I have come to test several brokers that offer trading through MT4.

Color me a dork for new indies and stuff, but when I started to play around with IBFX, I came across their selection of custom indicators. One in particular I found to be a little interesting.

I took one of my standard charts and applied the IBFX-CPR and here's what it shows...

The trade ranges that Cloggie continues to talk about, creating the boxes and will adjust these depending on the timeframe of the chart you are looking at.

So
1. Top current resistance range.
2. Bottom current support range.

3. For those that like a candlestick analysis and watch for chart patterns, view the little bubble with the x in it on point number 3, and how it corresponds with the bottom of the chart analysis under the heading of Expert Analysis. What it tells is the candle stick pattern, as well as how many bars ago this trigger would have taken place.

4. Is an overall look under Quick Scan, as to what the trading looks like under the different chart period. Each of the symbols refers to a pattern on the different time frames, toggle through and you will see what the candlestick pattern is.

Something that is not shown, is when a new candlestick pattern is detected, a pop up window will alert you to what is happening.

This one indicator can be a pretty powerful tool or at least offer a little view as to what is happening at a quick glance. As it was created by IBFX, ya gotta be using their charts for this to work...

Don't get me wrong here, I am not promoting their services, or trying to tell ya that if you transfer your account to IBFX you will make your zillions. I have never worked with them, and am not promoting their services...BUT...if you are using a set of demo charts to trade off of, maybe give IBFX a whirl, trade it on demo or use their analysis to help you with your trade day, or pattern recognition...Seriously, for free, what do you really have to lose?

Good luck on the new week.

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