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Cable Update (GBPUSD)

  • #274,181
  • Mar 16, 2011 7:47am Mar 16, 2011 7:47am
Quoting pepper
Don't worry GBP loves good news,it's taking it's time today but she should go up.
Yeah... the news is all good!

http://www.bbc.co.uk/news/business-12757675
  • #274,182
  • Mar 16, 2011 7:53am Mar 16, 2011 7:53am
im short on gbpusd with sl 1.6138 and watching closely that 61.8% 1.6113-16 to see if it breaks if it does maybe i would close it manually, but it has 25 minutes in there and nothing, right now its trying to be below 1.61.
my tp would be 1.5985 but looking closely that 1.6050.
  • #274,183
  • Mar 16, 2011 8:22am Mar 16, 2011 8:22am
Quoting Azinvg
im short on gbpusd with sl 1.6138 and watching closely that 61.8% 1.6113-16 to see if it breaks if it does maybe i would close it manually, but it has 25 minutes in there and nothing, right now its trying to be below 1.61.
my tp would be 1.5985 but looking closely that 1.6050.
I strongly agree with you... people will see. for now the sintiment is for short trades. lets see how it goes..
  • #274,184
  • Mar 16, 2011 8:27am Mar 16, 2011 8:27am
hello
looking on my chart, i see an interestinf thing.
i prefer draw fibo retrace on h4 TF from highest to lowest.

forgettin the fact that h4 chart is not always so good... i notice that price first was refused by 61% now is being refused by 38%

looks like stairs to hell
now im askin my self (maybe same of all of you coz i saw some posts about alst days) how much that 5960 will hold. how much demand is there after this moves???

first touch in 5970 pushed price to 61%
2nd touch to 38%
3rd touch???? lets see in few hours

i still think soon breake of 5960-70 triggerin (maybe huge) stops.
i only need to be a bit focused to find out entry levels
these days price goes in main good entry levels (6110 some minutes ago) ahead of big news and that scares me
Attached Image (click to enlarge)
Click to Enlarge Name: gusdh4.jpg Size: 196 KB
90% of traders use TA, indicators and prediction
  • #274,185
  • Mar 16, 2011 8:32am Mar 16, 2011 8:32am
i spent all night long to correct agai my trading method on charts.
last time i promise my self!!!

more simply are charts, more simply is method based in 3-4 things, more profitable will be positions.

it takes months to learn wich indicators a trader prefer.
once focused.... profits come out.

im sayn this to my self!
hope will be useful to anyone who reads
90% of traders use TA, indicators and prediction
  • #274,186
  • Mar 16, 2011 8:51am Mar 16, 2011 8:51am
Quoting _BBKing_
i spent all night long to correct agai my trading method on charts.
last time i promise my self!!!

more simply are charts, more simply is method based in 3-4 things, more profitable will be positions.

it takes months to learn wich indicators a trader prefer.
once focused.... profits come out.

im sayn this to my self!
hope will be useful to anyone who reads
The key is to keep it simple. The more you throw on the charts, the more conflicting messages you will get! Find something that works for you and stick to your own game plan! It takes time... you won't get instant results... trading is a journey not a destination!
  • #274,187
  • Mar 16, 2011 8:57am Mar 16, 2011 8:57am
Hey, did you place a limit, on that sell?

Quoting bbakker
The key is to keep it simple. The more you throw on the charts, the more conflicting messages you will get! Find something that works for you and stick to your own game plan! It takes time... you won't get instant results... trading is a journey not a destination!
  • #274,188
  • Mar 16, 2011 8:58am Mar 16, 2011 8:58am
R1 6137
S1 5050-55

Lot's of trades within that but looking at a close above or below these points and a trend line break for a big move.
  • #274,189
  • Mar 16, 2011 9:03am Mar 16, 2011 9:03am
so tired today... stupid chart,
I will be the number one Manager.
  • #274,190
  • Mar 16, 2011 9:03am Mar 16, 2011 9:03am
No 'in between' TRADES!! I'm American! They stole my weed wacker and told me, "No Hedging"
  • #274,191
  • Mar 16, 2011 9:03am Mar 16, 2011 9:03am
Quoting SannaCBranno
Hey, did you place a limit, on that sell?
I'm already out and missed the reload... I work full-time, so I can't watch the charts all the time. No problemo... I just wait when the right setup occurs on 27 different currency pairs. I am very selective when it comes to opening positions... 5-10 trades a week! Profitable weeks is what counts for me and I haven't had a losing one in a long while now!
  • #274,192
  • Mar 16, 2011 9:07am Mar 16, 2011 9:07am
Quoting bbakker
The key is to keep it simple. The more you throw on the charts, the more conflicting messages you will get! Find something that works for you and stick to your own game plan! It takes time... you won't get instant results... trading is a journey not a destination!
yes!
i trade since nearly 2 years.
last 6months i spent a lot of time to find out my best trading method.
now it is ready!

im really happy, i have done a lot of work to find out which signals are best seen on my charts! coz a lot of indicators and a lot of things says all the time the same thing, but only 3 says it ALWAYS!

for this i must thak a lot of people here on forums
90% of traders use TA, indicators and prediction
  • #274,193
  • Mar 16, 2011 9:08am Mar 16, 2011 9:08am
Right-o Mr. bbakker. I usually do a couple of trades, a week. No limit. Tightening S/L, unless I fall asleep.

Quoting bbakker
I'm already out and missed the reload... I work full-time, so I can't watch the charts all the time. No problemo... I just wait when the right setup occurs on 27 different currency pairs. I am very selective when it comes to opening positions... 5-10 trades a week! Profitable weeks is what counts for me and I haven't had a losing one in a long while now!
  • #274,194
  • Mar 16, 2011 9:11am Mar 16, 2011 9:11am
Quoting _BBKing_
hello
looking on my chart, i see an interestinf thing.
i prefer draw fibo retrace on h4 TF from highest to lowest.

forgettin the fact that h4 chart is not always so good... i notice that price first was refused by 61% now is being refused by 38%

looks like stairs to hell
now im askin my self (maybe same of all of you coz i saw some posts about alst days) how much that 5960 will hold. how much demand is there after this moves???

first touch in 5970 pushed price to 61%
2nd touch to 38%
3rd touch???? lets see in few hours

i still think soon...
hi there....
one doubt, this RSI(13) and RSI(4) that u use, is just to h4 chart?

regards
  • #274,195
  • Mar 16, 2011 9:29am Mar 16, 2011 9:29am
Quoting Trn007
hi there....
one doubt, this RSI(13) and RSI(4) that u use, is just to h4 chart?

regards
yes is RSI 4 n 13 periods applied to close.
on chart i posted is on h4
90% of traders use TA, indicators and prediction
  • #274,196
  • Mar 16, 2011 9:30am Mar 16, 2011 9:30am
http://trading-u.com/blog/index.php/archives/3103

Chop chop markets... best to stay out or hit and run. Take your profits when you see them!
  • #274,197
  • Mar 16, 2011 9:56am Mar 16, 2011 9:56am
Foreign Bankers Are Fleeing Tokyo As Nuclear Crisis Grows

Foreign bankers are fleeing Tokyo as Japan's nuclear crisis worsens, scrambling for commercial and charter flights out of the country and into other major cities in the region.

BNP Paribas, Standard Chartered and Morgan Stanley [MS 27.53 -0.12 (-0.43%) ] were among the banks whose staff have left since Friday's earthquake and tsunami, and now a nuclear plant disaster, according to industry sources with direct knowledge of the matter.

Expatriate staff at most foreign banks in Tokyo make up a small portion of the total, by some estimates less than 10 percent. But many are often in senior positions so their departure can have a significant impact.

And while Japan's investment banking market is famously tough, it's an essential place for large banks to be and can produce hefty fees.

"The foreign banker presence on the ground in Tokyo now is very thin and depending on how long it takes them to return there could be lasting implications of that," said one banker. "Every time there's a washout of foreigners in Japan they never quite return in the same numbers."

With bankers joining the growing exodus, private jet operators reported a surge in demand for evacuation flights which sent prices surging as much as a quarter. One jet operator said the cost of flying 14 people to Hong Kong from Tokyo was more than $160,000.

"I got a request yesterday to fly 14 people from Tokyo to Hong Kong, 5 hour 5 minutes trip. They did not care about price," said Jackie Wu, COO of Hong Kong Jet, a newly established private jet subsidiary of China's HNA Group.

RADIATION FEARS

http://www.cnbc.com/id/42109096
  • #274,198
  • Mar 16, 2011 10:02am Mar 16, 2011 10:02am
I have several tp but at the end we should hit at least 1.5978
  • #274,199
  • Mar 16, 2011 10:08am Mar 16, 2011 10:08am
http://www.forexfactory.com/images/icons/icon1.gif Good article
Quoting bbakker
http://trading-u.com/blog/index.php/archives/3103

Chop chop markets... best to stay out or hit and run. Take your profits when you see them!
Thanks Brian,

A good 'series' of articles by Jay Norris. What can
you share about this 'Trading University'? Have you
followed this blog or taken their courses?

Looks like a 'must read daily', especially for the casual
fx trader like me.

Dr. D.
  • #274,200
  • Mar 16, 2011 10:10am Mar 16, 2011 10:10am
Looks like something very bad happening on markets.
watch out guys
90% of traders use TA, indicators and prediction
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