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Cable Update (GBPUSD)

  • #265,261
  • Nov 25, 2010 3:21am Nov 25, 2010 3:21am
Quoting Ctic
Agreed... If I wasn't in from earlier in the week, I wouldn't be in. Well, I am off to bed. Azim, Magix, Dario... good talking to you guys again. I will try to not be so scarce in these parts.

C.
take care man. I'm off too, think I've hogged the thread long enough (sorry fellas!).
Again, Happy thanksgiving to everyone! Ta!
Thank You
  • #265,262
  • Nov 25, 2010 3:23am Nov 25, 2010 3:23am
Quoting wormboy
take care man. I'm off too, think I've hogged the thread long enough (sorry fellas!).
Again, Happy thanksgiving to everyone! Ta!

lol!! something i said guys?
  • #265,263
  • Nov 25, 2010 3:25am Nov 25, 2010 3:25am
Quoting naboo
..... where does everyone see the relevant supply demand zones on cable at the mo?.....demand 15765 supply around 16000? not incorp'd into my trading as yet anyways...just learning..
Depends which t/f you look at...I tend to look for where there are obvious near-term previous swing hi/lo zones on 1hr (+) ie previous supply/demand imbalances - for potential future supp/res/sbr/rbs. (amongst other factors)

G/L
ex member
  • #265,264
  • Nov 25, 2010 3:42am Nov 25, 2010 3:42am
cheers bb.. only read the thread briefly but was looking @ 4h..
  • #265,265
  • Nov 25, 2010 3:46am Nov 25, 2010 3:46am
The 5min screenshot below has the previous 1hr swing hi in orange (ie prev res = potential rbs) and in purple the previous 15min swing lo zone (ie previous support = potential support) and that is where price is finding some demand at the moment...trouble is on 5min it follws 2 x LH, so not the highest probability if taking a trigger entry long from here from this 5min t/f. Even if price does rise from here it isn't the highest probability play I have ever seen....but will see what develops and make decisons accordingly.

G/L

http://www.easy-upload.net/fichiers/...1125104426.gif
ex member
  • #265,266
  • Nov 25, 2010 3:48am Nov 25, 2010 3:48am
Quoting naboo
cheers bb.. only read the thread briefly but was looking @ 4h..
yeh I am interested where a 1hr previous swing hi/lo coexists as such on 4hr (and indeed where these are co-existant on the daily etc...) but other than that am principly looking at 1hr as my entries are timed on 1the lower t/f's.

G/L
ex member
  • #265,267
  • Nov 25, 2010 3:59am Nov 25, 2010 3:59am
http://www.parliamentlive.tv/Main/Pl...meetingId=7076

is the link to watch the treasury select committee hearings live...mervyn king to give testimony at 10am scheduled start uk time.

G/L
ex member
  • #265,268
  • Nov 25, 2010 4:39am Nov 25, 2010 4:39am
hmm been away and come back and stopped..

onwards
  • #265,269
  • Nov 25, 2010 4:39am Nov 25, 2010 4:39am
Finishing here for day after a final small scalp gain from the bullish divergence play at the re-test of yesterday's lo...Uk Treasury Select Committe Hearing ongoing with testimony from Mervyn King and Mpc members. - market sold off before King had even begun to speak - lol !!

G/L
Attached Image
ex member
  • #265,270
  • Nov 25, 2010 4:54am Nov 25, 2010 4:54am
lol.. been doing very well for 83 days , but post here for the first time in 2 days and bang..nay mind...there is method in my madness... i think..

against the trend still ...but long 15745 sl 15680 tp 15800
  • #265,271
  • Nov 25, 2010 5:42am Nov 25, 2010 5:42am
954953512010.11.25 07:31sell0.10gbpusd1.575490.000001.574752010.11.25 07:331.575360.000.000.001.30954957822010.11.25 07:37buy0.10gbpusd1.575791.555311.576572010.11.25 08:241.576570.000.000.007.80955357722010.11.25 11:22buy0.10gbpusd1.574681.554351.576312010.11.25 11:291.574780.000.000.001.00955360312010.11.25 11:23buy0.10gbpusd1.574201.553901.575902010.11.25 11:271.574510.000.000.003.10955368212010.11.25 11:27sell0.20gbpusd1.574271.595351.574002010.11.25 12:101.574000.000.000.005.40955420062010.11.25 11:59sell0.10gbpusd1.575080.000001.574002010.11.25 12:101.574000.000.000.0010.80955424132010.11.25 12:00sell1.00gbpusd1.575071.595331.574002010.11.25 12:101.574000.000.000.00107.00 0.000.00-15.303 630.00Closed P/L:3 614.70Open Trades:TicketOpen TimeTypeSizeItemPriceS / LT / P PriceCommissionTaxesSwapProfitNo transactions 0.000.000.000.00 Floating P/L:0.00Working Orders:TicketOpen TimeTypeSizeItemPriceS / LT / PMarket Price 954223142010.11.24 17:57buy limit0.10gbpusd1.572000.000001.57600 1.57556 Summary:Deposit/Withdrawal:3 000.00Credit Facility:0.00 Closed Trade P/L:3 614.70Floating P/L:0.00Margin:0.00Balance:6 614.70Equity:6 614.70Free Margin:6 614.70 Details:[IMG]file:///C:/Documents%20and%20Settings/Courier.VHOUSE/Мои%20документы/DetailedStatement251110.gif[/IMG]Gross Profit:3 614.70Gross Loss:0.00Total Net Profit:3 614.70Profit Factor:Expected Payoff:190.25 Absolute Drawdown:0.00Maximal Drawdown:0.00 (0.00%)Relative Drawdown:0.00% (0.00) Total Trades:19Short Positions (won %):10 (100.00%)Long Positions (won %):9 (100.00%)Profit Trades (% of total):19 (100.00%)Loss trades (% of total):0 (0.00%)Largestprofit trade:1 410.50loss trade:0.00Averageprofit trade:190.25loss trade:0.00Maximumconsecutive wins ($):19 (3 614.70)consecutive losses ($):0 (0.00)Maximalconsecutive profit (count):3 614.70 (19)consecutive loss (count):0.00 (0)Averageconsecutive wins:19consecutive losses:0
  • #265,272
  • Nov 25, 2010 5:47am Nov 25, 2010 5:47am
Quoting meromar
954953512010.11.25 07:31sell0.10gbpusd1.575490.000001.574752010.11.25 07:331.575360.000.000.001.30954957822010.11.25 07:37buy0.10gbpusd1.575791.555311.576572010.11.25 08:241.576570.000.000.007.80955357722010.11.25 11:22buy0.10gbpusd1.574681.554351.576312010.11.25 11:291.574780.000.000.001.00955360312010.11.25 11:23buy0.10gbpusd1.574201.553901.575902010.11.25 11:271.574510.000.000.003.10955368212010.11.25 11:27sell0.20gbpusd1.574271.595351.574002010.11.25 12:101.574000.000.000.005.40955420062010.11.25 11:59sell0.10gbpusd1.575080.000001.574002010.11.25...

so
  • #265,273
  • Nov 25, 2010 6:34am Nov 25, 2010 6:34am
Charts are a lot softer on the eye mate, reasoning and enties,S/l . T/p if you feel like it. But i have to say what you are doing is giving me a headache.
All systems of divination, like music itself,work through patterns.
  • #265,274
  • Nov 25, 2010 6:44am Nov 25, 2010 6:44am
Quoting kaspopsicle
Charts are a lot softer on the eye mate, reasoning and enties,S/l . T/p if you feel like it. But i have to say what you are doing is giving me a headache.

lol... in the nicest possible way
  • #265,275
  • Nov 25, 2010 7:02am Nov 25, 2010 7:02am
Hi Naboo. Dont think a lot is going to happen today but i do like the way this candle is dropping. ...and i wanted to show of my new colours. Any excuse.
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (25-NOV-10).png Size: 15 KB
All systems of divination, like music itself,work through patterns.
  • #265,276
  • Edited 7:22am Nov 25, 2010 7:12am | Edited 7:22am
hi kaspopsicle - nice chart...very pretty indeed..

been an odd week form my perspective.. noticed i put my stop nearer yesterday than should have (school boy error) so that trade would also still be in play..but loser it is..(update-def is now)

gu seems a bit meesy this week with the obvious downward bias the last 2 days especially - & thats the only instrument im trading ..so not a good one ..currently down but would be slightly ahead if today comes in. gonna be a while me thinks.. looks dead out there.

thanks for the chart..what's your vibe re that candle on 4h?
  • #265,277
  • Nov 25, 2010 7:14am Nov 25, 2010 7:14am
Quoting kaspopsicle
Hi Naboo. Dont think a lot is going to happen today but i do like the way this candle is dropping. ...and i wanted to show of my new colours. Any excuse.
Where is you TP?

Cheers
  • #265,278
  • Nov 25, 2010 7:26am Nov 25, 2010 7:26am
My vibe on that 4hr candle is that it is being drawn down to demand@15654(zoneish)15673 where the ltl is at which technically would cause the Pa to go back up again. If there were sufficient mometum ,,volume today , that would be a nice ride down and back up. Dont ever follow me, I've several government warnings on my head.
All systems of divination, like music itself,work through patterns.
  • #265,279
  • Nov 25, 2010 7:28am Nov 25, 2010 7:28am
Quoting kaspopsicle
My vibe on that 4hr candle is that it is being drawn down to demand@15654(zoneish)15673 where the ltl is at which technically would cause the Pa to go back up again. If there were sufficient mometum ,,volume today , that would be a nice ride down and back up. Dont ever follow me, I've several government warnings on my head.
i hope/doubt anyone would not consider following myself either thank goodness after the last 2 days ive had, but thats good thing.. dont do this at home kids..

cheers gl
  • #265,280
  • Nov 25, 2010 7:29am Nov 25, 2010 7:29am
Quoting regis_poland
Where is you TP?

Cheers
My position is flat as i do not have the time to stay in and observe today. Was merely posting what i see as i walk in and out of the room.
All systems of divination, like music itself,work through patterns.
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