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Cable Update (GBPUSD)

  • #269,361
  • Jan 20, 2011 2:07pm Jan 20, 2011 2:07pm
Quoting Hawki trader
Ok,TT, I'll introduce myself, been lurking at the bottom for nearly a year now, about time I did I suppose, reading,watching & trying to learn.
Glad more of the senoir tradres are returning...slowly.
Have been in demo most of last year & ready to go live...I think

Julie
Good day to you,

Refreshing to see another female on here.

Whilst in demo - please post your charts and thoughts. I do not believe anyone will put you down. Let us understand your reasoning and thoughts. We can either learn/ or assist.

Thank you for your post.

Nice

Regards
  • #269,362
  • Jan 20, 2011 2:09pm Jan 20, 2011 2:09pm
Quoting TexasforEX
LOL. It is a close over/under which filters one of those spikes. Second, it broke above below TWO times.

If you can't use it than don't. My God, this is the response I get for sharing a true gem.

It is no wonder that alot of the real pros that have earned their stripes refuse to post anymore or truly use FF for entertainment value only.
I meant no offense, truly. I was just asking for clarification and offering my opinion.
  • #269,363
  • Jan 20, 2011 2:14pm Jan 20, 2011 2:14pm
Good day to you,

Timing... PATIENCE...

This is a EU scalp. Waiting for an hour to bank a couple - well worth it. I will wait for 2 hours to get the 10. You only need 20 per day - consistently.

I promise you - the opportunity will be there. EVERY DAY. Just wait for the right setup..

Regards
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  • #269,364
  • Jan 20, 2011 2:15pm Jan 20, 2011 2:15pm
Quoting TauTrader
Oh - and all you lurkers at the bottom...

Come on in. Join the thread - speak up...

Introduce yourself. Ask questions. Post your damned charts!

Come on, Dudes and Dudetts -

Let us make this a place of learning.
LOL...
very well put, Tau...

but seems lots of people think it's better to receive than to give...Alas!
Hear the music before the song is over ...
  • #269,365
  • Jan 20, 2011 2:19pm Jan 20, 2011 2:19pm
Quoting GlobalMacro
LOL...
very well put, Tau...

but seems lots of people think it's better to receive than to give...Alas!
I learned a couple years ago to keep my opinions to myself. I still consider myself a noob and those that dont think they are a noob scoff at my noobish ideas
  • #269,366
  • Jan 20, 2011 2:22pm Jan 20, 2011 2:22pm
Quoting TexasforEX
LOL. It is a close over/under which filters one of those spikes. Second, it broke above below TWO times.

If you can't use it than don't. My God, this is the response I get for sharing a true gem.

It is no wonder that alot of the real pros that have earned their stripes refuse to post anymore or truly use FF for entertainment value only.
Good day to you,

Thank you for posting. MA's are good. Period. But getting familiar with a chosen set, often becomes a challenge. You have shared your gem. Thank you for that.

Could you continue to show how it is used in your trading from time to time? This may assist some of us here..

Regards
  • #269,367
  • Jan 20, 2011 2:23pm Jan 20, 2011 2:23pm
Im seeing a bunching of MA's on the 15 with stoch in overbought. With the 50 fibo suggested earlier maybe this is prime for a short scalp? However, the 5 isnt bunching... and Stoch is oversold

I dont scalp, but in the spirit of sharing ...
  • #269,368
  • Jan 20, 2011 2:26pm Jan 20, 2011 2:26pm
Quoting GlobalMacro
LOL...
very well put, Tau...

but seems lots of people think it's better to receive than to give...Alas!
Good day to you, Sir

You are one on the guilty ones - you know....

I have seen you execute some beauties since I have been here. Little nuggets.

Please entertain us here with a more frequent showing. ( when you are not clubbing)

Highly respected

Regards
  • #269,369
  • Jan 20, 2011 2:28pm Jan 20, 2011 2:28pm
Quoting Exsilium
Im seeing a bunching of MA's on the 15 with stoch in overbought. With the 50 fibo suggested earlier maybe this is prime for a short scalp? However, the 5 isnt bunching... and Stoch is oversold

I dont scalp, but in the spirit of sharing ...

Good place to short for 20 pips over the next hour

Agreed

Regards
  • #269,370
  • Jan 20, 2011 2:32pm Jan 20, 2011 2:32pm
Do you guys use the LRC? Ive found it to be very reliable, and if nothing else is a great trend identifier imho.
  • #269,371
  • Jan 20, 2011 2:39pm Jan 20, 2011 2:39pm
according to me we must not go upside of this TL if we want to continue fall.

short time frame we must go under 1.5874 first to continue down trend.
Attached Image(s) (click to enlarge)
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  • #269,372
  • Jan 20, 2011 2:44pm Jan 20, 2011 2:44pm
Quoting letscry
according to me we must not go upside of this TL if we want to continue fall.

short time frame we must go under 1.5874 first to continue down trend.
That TL is about the same point as the 1H 89 SMA recommend in an earlier post. Combined with your suggestion, this would seem to be a critical point and will have blown past the 50 fibo.

On another note, this is why i dont scalp. My idea to short may have got you 10 pips if you got in at exactly the right spot, but I dont see any momentum to carry it farther. I didnt trade it, but if i had I might be looking at a loosing trade. However, the 5M is bunching also now...
  • #269,373
  • Jan 20, 2011 2:49pm Jan 20, 2011 2:49pm
there is also retail sales data tomorrow for gbp and forecast is worst than previous 1, so todays sell can continue tomorrow after the data.

there is also a TL for eur/usd aswell and last 6 hour bars ve r trying to go up of it but couldnt do it yet.
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  • #269,374
  • Jan 20, 2011 3:04pm Jan 20, 2011 3:04pm
Pretty sure at this point the short scalp discussed is done. You should have been able to get out at 10 pips. Current PA suggests another move up.
  • #269,375
  • Jan 20, 2011 3:08pm Jan 20, 2011 3:08pm
Quoting Exsilium
Pretty sure at this point the short scalp discussed is done. You should have been able to get out at 10 pips. Current PA suggests another move up.

today i shorted it from 1.6003 and closed it for 6 pips before us datas, i tought dolar was gona loose stregnth again but got wrong and missed the train and no more trades for me from gu now i will wait tomorrow
  • #269,376
  • Jan 20, 2011 3:23pm Jan 20, 2011 3:23pm
Quoting TauTrader
Good day to you, Sir

You are one on the guilty ones - you know....

I have seen you execute some beauties since I have been here. Little nuggets.

Please entertain us here with a more frequent showing. ( when you are not clubbing)

Highly respected

Regards

Thanks my friend...you're a fine trader yourself.
I certainly will try to show up more often...
Hear the music before the song is over ...
  • #269,377
  • Jan 20, 2011 3:32pm Jan 20, 2011 3:32pm
Quoting Exsilium
I learned a couple years ago to keep my opinions to myself. I still consider myself a noob and those that dont think they are a noob scoff at my noobish ideas
That's what a forum is all about...exchanging opinions...
Hear the music before the song is over ...
  • #269,378
  • Jan 20, 2011 3:35pm Jan 20, 2011 3:35pm
Quoting GlobalMacro
That's what a forum is all about...exchanging opinions...

Only the opinions the other people agree with, which kinda makes forums pointless.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #269,379
  • Jan 20, 2011 3:45pm Jan 20, 2011 3:45pm
Quoting Turveyd
Only the opinions the other people agree with, which kinda makes forums pointless.
disagreeing with an opinion is part of the forum exchange...
Hear the music before the song is over ...
  • #269,380
  • Jan 20, 2011 4:22pm Jan 20, 2011 4:22pm
Quoting GlobalMacro
disagreeing with an opinion is part of the forum exchange...
No disagreeing with someone is inferring there wrong and stupid and therefore a personal attack which must be instantly responded to with childish behavior.



Have you not read the General Forum rules ???


Sad Sad Times we live in
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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