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Cable Update (GBPUSD)

  • #266,181
  • Dec 9, 2010 9:37am Dec 9, 2010 9:37am
Quoting kaspopsicle
Thanks bb, keep meaning to get over to your thread . i'm in fascination with supply and demand. See you soon and thanks again.
I am posting less and less on FF due to other commitments but I will sure put up the odd chart in the Supply and Demand thread which has potential for a trade. I did get NZDUSD, made a small profit and decided not to take it again when it then decided to shoot up.... oh well.

Missed the EURJPY short today by 2 pips... oh well.

Plenty of opportunities out there, even on the daily charts when you look at 27 different currency pairs.

Come over to the thread and read up on demand and supply principles. It is a good weapon in your arsenal of trading. Lots of info and webinars in the 1st post.

See you soon Kas!
  • #266,182
  • Dec 9, 2010 9:39am Dec 9, 2010 9:39am
Euro drag down the sterling.

Irish Labor Party Says Will Vote Against Bailout Package.

http://www.forexlive.com/152676/all/...ailout-package
  • #266,183
  • Dec 9, 2010 9:42am Dec 9, 2010 9:42am
Quoting bbakker
I am posting less and less on FF due to other commitments but I will sure put up the odd chart in the Supply and Demand thread which has potential for a trade. I did get NZDUSD, made a small profit and decided not to take it again when it then decided to shoot up.... oh well.

Missed the EURJPY short today by 2 pips... oh well.

Plenty of opportunities out there, even on the daily charts when you look at 27 different currency pairs.

Come over to the thread and read up on demand and supply principles. It is a good weapon in your arsenal of trading....

hi bbakker.. currently reading that thread.. very interested..may i ask have you ever come across sam seiden at all? am v interested in S&D trading
  • #266,184
  • Dec 9, 2010 9:45am Dec 9, 2010 9:45am
Quoting bbakker
I have finally decided on my 3 timeframes for my swing trading of the higher timeframes. Weekly charts for the bigger picture, daily charts for the supply and demand zones, h1 for entry.

For day trading, which has taken a backseat, I use the daily for the big picture, h1 for the supply and demand zones and m5 for entry.

Once you have chosen your timeframes, stick with them! Try not to chop and change, which is easier said than done. 3 timeframes works well for me.
Thanks BB, will take your advice on board.
You've got to be IN IT to WIN IT!
  • #266,185
  • Dec 9, 2010 9:50am Dec 9, 2010 9:50am
Quoting naboo
hi bbakker.. currently reading that thread.. very interested..may i ask have you ever come across sam seiden at all? am v interested in S&D trading
Yes. I have met him in person and he teaches the XLT Forex classes on occasions. He normally does the XLT Futures, but when Sam Evans or Justin Krebs are not available, he will do the Forex session. He also does a special session for us once a month.
  • #266,186
  • Dec 9, 2010 10:00am Dec 9, 2010 10:00am
Quoting bbakker
Yes. I have met him in person and he teaches the XLT Forex classes on occasions. He normally does the XLT Futures, but when Sam Evans or Justin Krebs are not available, he will do the Forex session. He also does a special session for us once a month.
which forex course do u attend?
  • #266,187
  • Dec 9, 2010 10:01am Dec 9, 2010 10:01am
Quoting bbakker
I am posting less and less on FF due to other commitments but I will sure put up the odd chart in the Supply and Demand thread which has potential for a trade. I did get NZDUSD, made a small profit and decided not to take it again when it then decided to shoot up.... oh well.

Missed the EURJPY short today by 2 pips... oh well.

Plenty of opportunities out there, even on the daily charts when you look at 27 different currency pairs.

Come over to the thread and read up on demand and supply principles. It is a good weapon in your arsenal of trading....
Thanks yet again bb.. I'll be over there soon to read everything up. I understand that you and your wife have a couple of wonderful little commitments and with Christmas coming up etc. i know you'll be pushed to do time on either or any thread. All good to you. Will be here and there looking out for you.I have to get back into looking at at least seven pairings again.
Love to you all, k
All systems of divination, like music itself,work through patterns.
  • #266,188
  • Dec 9, 2010 10:06am Dec 9, 2010 10:06am
Looks like it's breaking (trying) the LTL on the 30 minute. See what happens.

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot002.jpg Size: 344 KB
You've got to be IN IT to WIN IT!
  • #266,189
  • Dec 9, 2010 10:12am Dec 9, 2010 10:12am
Think it's time to join the Bulls - I'm going to start loading longs.

reasons
- touching Upward Trend Line.
- current trend is upward - higher highs and higher lows.
- Will buy again at 1.5700 which is cent and 786 on 1 hour
- if that breaks - I'll get stopped out at 1.5645

Go the Bulls. who's with me - together we can move the market!
May the forex be with you |
  • #266,190
  • Dec 9, 2010 10:12am Dec 9, 2010 10:12am
I just closed the final 1/3 of my trade at 15720
  • #266,191
  • Dec 9, 2010 10:13am Dec 9, 2010 10:13am
Quoting bonus76
which forex course do u attend?
I am a lifetime graduate of Online Trading Academy. Stick it in Google and you will find their web site. If you want any further info, please don't hesitate to PM me. This is a trading discussion forum, not a forex course forum
  • #266,192
  • Dec 9, 2010 10:14am Dec 9, 2010 10:14am
A bullish gartley on 15min around 1.5700... I will take a long for a quick scalp.. Aiming for 50pips on top of my large short position... LETS GOOO!!!!!!!
  • #266,193
  • Dec 9, 2010 10:17am Dec 9, 2010 10:17am
Quoting bbakker
I am a lifetime graduate of Online Trading Academy. Stick it in Google and you will find their web site. If you want any further info, please don't hesitate to PM me. This is a trading discussion forum, not a forex course forum
did it help u in ur trading?
  • #266,194
  • Dec 9, 2010 10:25am Dec 9, 2010 10:25am
Quoting bonus76
did it help u in ur trading?
Never looked back. I did get some excellent stuff from traders on this forum and I am very grateful to those people who supported me, but my trading has gone to a new level since I joined OTA and I can see the charts much clearer now. Considering I didn't even know what a pip was 12 months ago, I have come a long way on my journey and I am on the right path. My goal is to do this full time within 24 months.
  • #266,195
  • Dec 9, 2010 10:28am Dec 9, 2010 10:28am
Quoting bbakker
I have finally decided on my 3 timeframes for my swing trading of the higher timeframes. Weekly charts for the bigger picture, daily charts for the supply and demand zones, h1 for entry.

For day trading, which has taken a backseat, I use the daily for the big picture, h1 for the supply and demand zones and m5 for entry.

Once you have chosen your timeframes, stick with them! Try not to chop and change, which is easier said than done. 3 timeframes works well for me.
Such wise advice . Something thats been on my mind for a couple of days cos i spend too much time going through the time frames and the subsequent noise that is involved.Although you trade off higher time frames ,bb, i think that you have hit on a trading principle that all of us can apply . Wether we're working higher time frame swings or trading from the lower time frames. The key for me at the moment is to reduce the number of time frames i'm looking at....take all the key figures from the higher time frames.. and travel them through to the lower tf's. (Can't afford to swing trade on higher time frames yet.)Thanks yet again. Bookmarked cos i forget things so easily. k
All systems of divination, like music itself,work through patterns.
  • #266,196
  • Dec 9, 2010 10:35am Dec 9, 2010 10:35am
Quoting kaspopsicle
Such wise advice . Something thats been on my mind for a couple of days cos i spend too much time going through the time frames and the subsequent noise that is involved.Although you trade off higher time frames ,bb, i think that you have hit on a trading principle that all of us can apply . Wether we're working higher time frame swings or trading from the lower time frames. The key for me at the moment is to reduce the number of time frames i'm looking at....take all the key figures from the higher time frames.. and travel them through to the lower...
Trading is not easy, but it is simple. Keep it simple!
  • #266,197
  • Dec 9, 2010 10:47am Dec 9, 2010 10:47am
Quoting Ifty
Looks like it's breaking (trying) the LTL on the 30 minute. See what happens.

Attachment
Seems to have bounced quite nicely.
You've got to be IN IT to WIN IT!
  • #266,198
  • Dec 9, 2010 11:26am Dec 9, 2010 11:26am
Err..looks as if my little call of 23 pips would have worked. if only i had more faith in my lines,i'd be bouncing back up again now.
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (09-DEC-10).png Size: 11 KB
All systems of divination, like music itself,work through patterns.
  • #266,199
  • Dec 9, 2010 11:27am Dec 9, 2010 11:27am
Quoting Ifty
Seems to have bounced quite nicely.
5 minute is gaining acceleration at this point. Hope this continues but will keep an eye on the HTF's for the exit. See you at LO.

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot003.jpg Size: 340 KB
You've got to be IN IT to WIN IT!
  • #266,200
  • Dec 9, 2010 12:01pm Dec 9, 2010 12:01pm
Quoting Ifty
5 minute is gaining acceleration at this point. Hope this continues but will keep an eye on the HTF's for the exit. See you at LO.

Attachment
Nice Ifty, cu LO,k
All systems of divination, like music itself,work through patterns.
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