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Cable Update (GBPUSD)

  • #268,121
  • Jan 7, 2011 12:02pm Jan 7, 2011 12:02pm
Quoting Ifty
Your Presence although small has already made a huge difference here today. Have a great weekend and please keep in touch.
Seconded , although i have to disagree on GM's Presence being small.
Great weekend to one and all. Sorry for duplicate...bl**dy computer crashed again in middle of last message.. . thought it had gone down the pan. .
All systems of divination, like music itself,work through patterns.
  • #268,122
  • Jan 7, 2011 12:09pm Jan 7, 2011 12:09pm
Quoting Tsar
I wish... Start Learn by Your Self, my Friend. Don't to be Follower (forever ??)

Please, take a look in kill56 Thread's : Lets find your indicator-ebooks for mt4 >>> http://www.forexfactory.com/showthread.php?t=246111
kill and I SHARE many HANDBOOK and other.
Thanks for the tips. I will keep on learning. I didn't follow blindly. It just that it increase the confidence level when some of the point shared by the master are same as my analysis. I know different trader trade on different time frame. some make long term, some trade short term. I will keep on learning and read the post you guys share in here.

see you guys next monday. green pips for all.
  • #268,123
  • Jan 7, 2011 12:56pm Jan 7, 2011 12:56pm
Quoting Abu-Rami
http://4.bp.blogspot.com/_eJeoUej2Uk...07-01-2011.png
See you Next Week...
Happy Weekend.

http://1.bp.blogspot.com/_eJeoUej2Uk...11-+Result.png
  • #268,124
  • Jan 7, 2011 1:18pm Jan 7, 2011 1:18pm
Hi everyone - just a quick chart of this week I drew up on M15 showing PA in relation to pivots weekly and monthly , something I'll be looking at more in the future. Of course , Daily pivots come in to play on intraday also and their respective components (O,H,L,C or O,H,C etc)

Have a good weekend all
Attached Image (click to enlarge)
Click to Enlarge Name: m15pivots.jpg Size: 106 KB
  • #268,125
  • Jan 7, 2011 2:03pm Jan 7, 2011 2:03pm
sold @ 1.55470
  • #268,126
  • Jan 7, 2011 2:22pm Jan 7, 2011 2:22pm
Quoting GlobalMacro
alright...no momentum this late on friday closing the position here @ 1.5554.

My Position Is Now FLAT.

Have a great weekend all!
Exactly. Anything after noon on a friday is risk not needed nowadays.
  • #268,127
  • Jan 7, 2011 4:13pm Jan 7, 2011 4:13pm
Here is two headlines I found for NFP today

FOREX-Dollar boosted vs euro as US unemployment dips


FOREX-Sterling recovered ground after U.S. non-farm payrolls disappointes


Now Let me ask you... How can the one news event that affects the USA...WEAKEN THE DOLLAR IN ONE MARKET, YET STRENGTHEN THE DOLLAR IN ANOTHER.

If a news event truely affected the direction things would go, wouldnt' the sterling decline AND the euro decline..or vice versa.

The news is already seen in the charts, the news is just the excuse they use so that journalists have something to write about and keep their jobs.

BOTTOM LINE: Don't trade the news people... trade the charts. The news is bullshit and doesn't matter.

Just my opinion.
  • #268,128
  • Edited 4:27pm Jan 7, 2011 4:22pm | Edited 4:27pm
Quoting Ctic
Dear Abu,

I did notice that this was short term trades...as per the blog it is updated daily. Plus the supports and resistances are definately daily targets. It is a very good table and the system appears to work very well, as it should.

I simply noticed the Down, down, down for trend direction and it triggered something that has been going on in my head for weeks... this is actually the week it may happen.

NFP in my opinion will be very interesting tomorrow and I will be watching it close. I also am carrying shorts for E/U and G/U into the...
Well... NFP treated me good today...I guess...

Here is the Link to the trades I took...

http://www.forexfactory.com/showpost...&postcount=232

G/U had a nice low of 5410 roughly right before the news... If I would of closed could of nailed 140 pips.. As it turns out I left trade open and now I am sitting at +7 pips.... woo hoo....

E/U on the otherhand dropped nicely and actually ended right at about the low of the day. +145...

SO overall... good day. Lets see what the weekend brings
  • #268,129
  • Jan 7, 2011 4:30pm Jan 7, 2011 4:30pm
Quoting redsword11
sold @ 1.55470

Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 75 KB




scalped
  • #268,130
  • Jan 7, 2011 5:09pm Jan 7, 2011 5:09pm
hi all

what the fook is going in here where are ppl u need to get u azz back in here it was one of the best thread in FF still is
  • #268,131
  • Jan 7, 2011 5:16pm Jan 7, 2011 5:16pm
Quoting Ctic
Here is two headlines I found for NFP today

FOREX-Dollar boosted vs euro as US unemployment dips


FOREX-Sterling recovered ground after U.S. non-farm payrolls disappointes

Trading moves price - nothing else.The whole of the US could lose their jobs tomorrow but it wouldn't make the slightest bit of difference to the value of the dollar if nobody traded it ...
  • #268,132
  • Jan 7, 2011 5:34pm Jan 7, 2011 5:34pm
Quoting chazzle
Trading moves price - nothing else.The whole of the US could lose their jobs tomorrow but it wouldn't make the slightest bit of difference to the value of the dollar if nobody traded it ...
Good to see you agree with me...

C.
  • #268,133
  • Jan 7, 2011 5:42pm Jan 7, 2011 5:42pm
Quoting Ctic
Good to see you agree with me...

C.
Yeah - I became suss of all these opinions banded about a while back , but even thats supply and demand - people demand a logical explanation regarding price movement and lo and behold - other people are lining up around the block to supply them with bullshit
  • #268,134
  • Jan 7, 2011 5:47pm Jan 7, 2011 5:47pm
Quoting Ctic
Good to see you agree with me...

C.
not often we see 2 things going opposite direction at the same time.

I think euro may be some form of shake out..... waiting to see if 1.3050 taken out , if it is then euro is raging bull back to 1.3500 , till then 1 hr still in downtrend

gu looking more and more bullish.... I am thinking 1.5900 next week
Blogging daily now at www.volume.zone
  • #268,135
  • Jan 7, 2011 5:51pm Jan 7, 2011 5:51pm
Quoting malcolmb14
not often we see 2 things going opposite direction at the same time.

I think euro may be some form of shake out..... waiting to see if 1.3050 taken out , if it is then euro is raging bull back to 1.3500 , till then 1 hr still in downtrend

gu looking more and more bullish.... I am thinking 1.5900 next week
You may be right Mal, but we need to have a clear break of 5600 in orer to get it. If we break that and surpass 5725 (point of no return we will see that).
  • #268,136
  • Jan 8, 2011 1:33am Jan 8, 2011 1:33am
what happened to the GU ,,?
why GU not corelation with EU,,??
only an analysis, and I'm always wrong, don't follow me,
  • #268,137
  • Edited 4:29am Jan 8, 2011 4:18am | Edited 4:29am
Quoting andelumut
what happened to the GU ,,?
why GU not corelation with EU,,??
Where have you been?
Ctic and Chazzle have posted good answer on that 10 hours ago, just 5 post above.

And I have ONE question, what is your relationship with a broker company that is in your avatar?
  • #268,138
  • Jan 8, 2011 6:05am Jan 8, 2011 6:05am
Quoting kill56
hi all

what the fook is going in here where are ppl u need to get u azz back in here it was one of the best thread in FF still is
Hi Kill

I think you will find that most people left cos it degenerated into everything but a forex thread with big egos not accepting that strategies other than their own could work.

I agree with you it once was the best thread with 80+ traders on here at any one time, now your lucky if it is 20+ and they are all noobies (like me)

It;s a shame as if a few of the egos would have accepted the differing strategies then we could have all learnt from each other.

As an example, Cloggie used to slate everyone who looked to pick tops/bottoms or averaged. I do both of these and my account has quadrupled in 18 months. It's all about money management at the end of the day and different styles suiting different personalities.

As you say, it's a shame so many people have vanished from the thread as it was a good read.
  • #268,139
  • Jan 8, 2011 6:41am Jan 8, 2011 6:41am
Quoting OldReigatian
Hi Kill

As an example, Cloggie used to slate everyone who looked to pick tops/bottoms or averaged. I do both of these and my account has quadrupled in 18 months. It's all about money management at the end of the day and different styles suiting different personalities.
.
Nuff said - I've often seen apparently well experienced traders say to others they shouldn't do this and that , they shouldn't have a stop so big , they shouldn't use indicators because they lag , they shouldn't trade at certain times , etc, and then I've seen other apparently experienced traders doing exactly those things and apparently profiting from it

Like Wormboy said - "trading is 90% psychology and MM and 10% technicals"
assuming technical analysis is your thing...
  • #268,140
  • Jan 8, 2011 6:53am Jan 8, 2011 6:53am
Quoting chazzle
Nuff said - I've often seen apparently well experienced traders say to others they shouldn't do this and that , they shouldn't have a stop so big , they shouldn't use indicators because they lag , they shouldn't trade at certain times , etc, and then I've seen other apparently experienced traders doing exactly those things and apparently profiting from it

Like Wormboy said - "trading is 90% psychology and MM and 10% technicals"
assuming technical analysis is your thing...
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