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Cable Update (GBPUSD)

  • #273,561
  • Mar 4, 2011 12:30pm Mar 4, 2011 12:30pm
Quoting Low
Hey BB, you gotta be careful with NFP. For the better part of 3 years I took the day off, trading-wise.

Nowadays, I don't mind it, if I can get a position pre-market (NY) and if London prints a setup I like.... and I run my stops wide (Oanda is my br0ker and they widen spreads during news releases). But if my conditions are not met, I'm more than willing to stand back let other people lose their money.

Bottom line, NFP will take out the punters, so don't be one, or stand aside.
yeah... i was here "only to see"
next time will let pc off!
don't worry
90% of traders use TA, indicators and prediction
  • #273,562
  • Mar 4, 2011 12:32pm Mar 4, 2011 12:32pm
T-Sar,

I don't have much in the way of a big picture opinion on cable right now.
I've been bullish for the last few weeks, but we're bumping up against some decent resistance @ 1.625x, and struggling to close above it.

The only thing I see that would get me to trade cable soon is a little divergence on the daily, shown below:

http://i1084.photobucket.com/albums/...03-04_1026.png
  • #273,563
  • Mar 4, 2011 12:40pm Mar 4, 2011 12:40pm
Quoting sierra
looks like our target is almost close.. i'm targeting the price will go down to 6190 area and if 6190 easily breached then the next area to watch is 6120.. for me i just go to 6190 area... then i'm waiting for buying dips... let see what's next week can offer.. now can't do much... turn off the pc and do something else

yeah i agree, only last 2-3 analyzes
forex is becoming my drug :O
90% of traders use TA, indicators and prediction
  • #273,564
  • Mar 4, 2011 12:42pm Mar 4, 2011 12:42pm
Quoting Low
T-Sar,

I don't have much in the way of a big picture opinion on cable right now.
I've been bullish for the last few weeks, but we're bumping up against some decent resistance @ 1.625x, and struggling to close above it.

The only thing I see that would get me to trade cable soon is a little divergence on the daily, shown below:
Your Analyst will become Assistance Considerations for me.
Many Thank's for explaint, Bro
Always looking the GREAT, never left GOOD Point...
  • #273,565
  • Mar 4, 2011 12:47pm Mar 4, 2011 12:47pm
OK Guys...

It's LATE NIGHT, 1.40 AM in My Country.
I need to REST Now...

HAPPY WEEKEND for All
Always looking the GREAT, never left GOOD Point...
  • #273,566
  • Mar 4, 2011 12:52pm Mar 4, 2011 12:52pm
Quoting Tsar
OK Guys...

It's LATE NIGHT, 1.40 AM in My Country.
I need to REST Now...

HAPPY WEEKEND for All
good night n good weekend
90% of traders use TA, indicators and prediction
  • #273,567
  • Edited 10:50pm Mar 4, 2011 10:28pm | Edited 10:50pm
Let's We learn it...

The SUCCESS that a Trader achieves in the Markets is directly correlated to one’s trading discipline or lack thereof.

Trading discipline is 90 percent of the Game.
The FORMULA is Very Simple : Trade with discipline and you will succeed ; Trade without discipline and you will fail.


Best Regards,
Tsar
Attached Image
Attached File(s)
File Type: pdf The 25 Point Mantra Discipline for Day Trading.pdf   122 KB | 588 downloads
Always looking the GREAT, never left GOOD Point...
  • #273,568
  • Mar 5, 2011 2:31am Mar 5, 2011 2:31am
Hi all,
I just re-assessed the bear call I gave for GBPUSD 2-weeks ago.
Price is back to where we entered short but a little has changed.
I ask that we exit the short at market open and then buy till 1.6660 before going short again, this time for a huge fall.
Reason: Probable bullish butterfly on weekly tf should have its point C at 88.6% fibonacci retrace level and not the 78.6%.

Every other pointer to the impending bearish move stays as they were in the 7-page MS Word file I uploaded here 2-weeks ago.
Find chart attached below.
Sorry for the inconvenience. Hope the 400pip up move would be due compensation for the 2-week waiting period.
Meshach
Attached Image (click to enlarge)
Click to Enlarge Name: probable_bullish_butterfly_gu.gif Size: 28 KB
  • #273,569
  • Mar 5, 2011 3:27am Mar 5, 2011 3:27am
An old good post by TheWicker;

This post is an addition to all the traders of my trend follower forex trading system. However, it doesn’t matter if you trade currencies or stocks, long term or short term, these trading rules will help you in every market. You could also consider printing them out on paper and placing them close to your screen or trading desk. These rules are stressed as keys to success, and it’s really very fulfilling when someone has incorporated them into his methodology and has had good success trading.

http://i197.photobucket.com/albums/a...softrading.jpg

Important Rules Of Trading

 

  1. Be disciplined
  2. Use money management in your trading
  3. The market is never too high to buy or too low to sell
  4. Every trader has losses, don’t let your losses get to you psychologically
  5. There is no such thing as a holy grail. Use common sense along with your method of trading. If your indicators are telling you one thing but the market is obviously doing something else, listen to the market
  6. The market is always right
  7. Never trade with money you cannot afford to lose
  8. Only trade markets you are sufficiently capitalized for
  9. Don’t try and regain all your losses in one trade
  10. Don’t blindly follow someone else’s recommendations. Do your own homework
  11. If it’s not going well, take a break for a few days or weeks. Get back when you are mind is at peace
  12. Don’t trade too many markets. It’s better to be an expert in one market than a novice in many
  13. Be patient. Wait for the right opportunities. Don’t just trade for the sake of trading
  14. If the reason you entered the trade is no longer there, get out
  15. Always use a protective spot to limit your losses
  16. Always have a game plan. Never enter a trade unless you know where you should get in and where your exit is
  17. Always cut your losses and let your profits run. Take small losses and large wins
  18. If your method of trading is working don’t change it!
  19. By the time you enter a trade you should already know what you are about to do and what you expect from the trade. Placing the trade should be the easiest part of trading. If you are still trying to work things out when entering that particular trade you are not ready for that trade
  20. The market is not fighting you, so you shouldn’t fight it back


(was taken from link of the post here http://www.forexfactory.com/showthre...21#post1637821)

  • #273,570
  • Edited Mar 6, 2011 12:48am Mar 5, 2011 5:23am | Edited Mar 6, 2011 12:48am
Hi ALL,

Here there are CANDLES PATTERN_SIGNAL Indie.
- Work in ALL Time Frime incl Allert (Recommend H1 and Above)
- Can CHANGES Setting in 3 Step.

And e-book for explain that's...

LINK Site Candle Pattern for Learn much more in :
- http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:introduction_to_cand
 - http://candlesticker.com/Default.asp

Best Regards,
Tsar
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-03-05_Candle Pattern_Signal.jpg Size: 110 KB
Attached File(s)
File Type: ex4 Candle Pattern_Signal.ex4   54 KB | 787 downloads
File Type: mq4 Candle Pattern_Signal.mq4   26 KB | 1,091 downloads
File Type: pdf CandlePatterns.pdf   471 KB | 1,344 downloads
Always looking the GREAT, never left GOOD Point...
  • #273,571
  • Edited Mar 6, 2011 12:48am Mar 5, 2011 6:02am | Edited Mar 6, 2011 12:48am
Hi ALL,

Here there are FX5 Divergence_v3 Indie.
- Work in ALL Time Frime incl Allert.
- Draw Automatic Divergence Line in MAIN Window.
- Can Setting On/Off Divergence Line.

And e-book for explain that's...

LINK Site Divergence for Learn much more in :
- http://www.investopedia.com/search/d...&submit=Search
- http://www.trading-naked.com/Divergence.htm


Best Regards,
Tsar
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-03-05_FX Divergence.jpg Size: 101 KB
Attached File(s)
File Type: ex4 FX5 Divergence_v3.ex4   13 KB | 689 downloads
File Type: mq4 FX5 Divergence_v3.mq4   10 KB | 842 downloads
File Type: pdf Hidden_Divergence.pdf   245 KB | 869 downloads
Always looking the GREAT, never left GOOD Point...
  • #273,572
  • Mar 5, 2011 6:24am Mar 5, 2011 6:24am
Cable has moved through major resistance this week but subsequently retraced and closed on it. The weekly candle has a bullish look to it with a higher close and I would expect a possible trend continuation higher given the current price action over the coming week.

Good trading to all for the coming week!
  • #273,573
  • Mar 5, 2011 11:31am Mar 5, 2011 11:31am
Quoting Tsar
Hi ALL,

Here there are FX5 Divergence_v3 Indie.
...
Thanks mate


ID: ogut punya msh v1.0 hehe..
  • #273,574
  • Mar 5, 2011 2:11pm Mar 5, 2011 2:11pm
Quoting Tsar
Hi ALL,

Here there are FX5 Divergence_v3 Indie.
- Work in ALL Time Frime incl Allert.
- Draw Automatic Divergence Line in MAIN Window.
- Can Setting On/Off Divergence Line.

And Link Divergence for Explaint in :
- http://www.investopedia.com/search/d...&submit=Search
- http://www.trading-naked.com/Divergence.htm


Best Regards,
Tsar
thx dude for sharing with us...
good weekend

cheers
  • #273,575
  • Mar 5, 2011 2:15pm Mar 5, 2011 2:15pm
Quoting untusoft
Oh friend,
you bough at a high position... why don't you wait on 1.6200..
could be much wiser..
I have more margin.I'am money manager and trade FX just 1% accounts
  • #273,576
  • Mar 5, 2011 7:09pm Mar 5, 2011 7:09pm
Quoting selu
I have more margin.I'am money manager and trade FX just 1% accounts
good money management, only 1% loss,,

I use 4%, for each trading,
only an analysis, and I'm always wrong, don't follow me,
  • #273,577
  • Mar 5, 2011 8:32pm Mar 5, 2011 8:32pm
Quoting andelumut
good money management, only 1% loss,,

I use 4%, for each trading,
I'm using between 10% to 80% of account. But only because i am trying to grow equity to a certain goals and fast. Once that achieved i may switch to 5%-10% a trade strictly.
To Your Success!!
  • #273,578
  • Mar 6, 2011 3:59am Mar 6, 2011 3:59am
FX5 Divergence Program's always constant renewal.
After FX5 Divergence_v1.0 ... v1.1 ... v2.0 ... v2.1 and Latest v3.0 (with Automatic Drawing in MAIN Window)

This is AMAZING Divergence's, with New Techno - NO Need Draw again in MAIN Windows because Auto

Quoting Trn007
thx dude for sharing with us...
good weekend

cheers
Quoting gsantri
Thanks mate
Always looking the GREAT, never left GOOD Point...
  • #273,579
  • Mar 6, 2011 6:17am Mar 6, 2011 6:17am
Re-Post again... :nerd:

Here Another HANDBOOK for Learn much more.
The Disciplined Trader by Mark Douglas e-book, Posted #230082 Jun 6, 2010 3:28am


Best Regards,
Tsar
Attached Image
Always looking the GREAT, never left GOOD Point...
  • #273,580
  • Mar 6, 2011 6:55am Mar 6, 2011 6:55am
Quoting ndsouz
I'm using between 10% to 80% of account. But only because i am trying to grow equity to a certain goals and fast. Once that achieved i may switch to 5%-10% a trade strictly.
wow 80%,,,
Last year, I was always trading up to MC,
only an analysis, and I'm always wrong, don't follow me,
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