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Cable Update (GBPUSD)

  • #276,421
  • Apr 14, 2011 7:16am Apr 14, 2011 7:16am
Fibonacci in play !
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #276,422
  • Apr 14, 2011 7:16am Apr 14, 2011 7:16am
exited +20 pips ..15 minutes pin aint gonna help me
  • #276,423
  • Apr 14, 2011 7:24am Apr 14, 2011 7:24am
long TP 1.6350
  • #276,424
  • Apr 14, 2011 7:29am Apr 14, 2011 7:29am
Lots of news in 1 minute....
Gone to a better place
  • #276,425
  • Apr 14, 2011 7:34am Apr 14, 2011 7:34am
lots of news but hadly any movement....
which way to go for the rest of the day? hmmm
  • #276,426
  • Apr 14, 2011 7:39am Apr 14, 2011 7:39am
1.6398 is my optimistic target for today. The 200 day ATR is 144. The daily low was 1.6254. Never know, it might work..
Gone to a better place
  • #276,427
  • Apr 14, 2011 8:20am Apr 14, 2011 8:20am
Good day to you all,

Back from my obligations. Will read through the pages to catch up. What have you all done to GU?

Regards
  • #276,428
  • Apr 14, 2011 8:31am Apr 14, 2011 8:31am
My opinion is here:
Today new trading opportunity that traders can make.
1- At 1H chart, long position when GU above Target Buy Stop and SL when close below Kumo.
2- At 4H chart, short position can be taken when GU H&S pattern completed. SL when GU close above Kumo.

Good luck.
  • #276,429
  • Apr 14, 2011 8:57am Apr 14, 2011 8:57am
Trying to see things over the longer term than I usually trade, I noticed a megaphone pattern forming. Anybody with more experience of this pattern in GU?
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  • #276,430
  • Apr 14, 2011 9:05am Apr 14, 2011 9:05am
Quoting kostas1
Trying to see things over the longer term than I usually trade, I noticed a megaphone pattern forming. Anybody with more experience of this pattern in GU?
Not GU specific, but it's a "broadening top/bottom" pattern, and statistically they have nearly an equal chance of breaking either direction.
  • #276,431
  • Apr 14, 2011 9:30am Apr 14, 2011 9:30am
Quoting redbeben
long TP 1.6350
thank you,thank you very much

now we go on a short..short of 30 pips

normally it should go down to 1.6305 but I would not bet on that.this move was to strong now to take it for granted
after this pull back long as well on GJ TP 136.40
  • #276,432
  • Apr 14, 2011 9:32am Apr 14, 2011 9:32am
don't tell me she will hit 1.64 today
  • #276,433
  • Apr 14, 2011 9:39am Apr 14, 2011 9:39am
Quoting sphinx8
don't tell me she will hit 1.64 today
if it down not hit it in 23 min I doubt it will.I still expect a big pullback now of min 30 pips and maybe more to 1.6305 more or less.this won't make happen 1.64 today ..maybe tonight during asia but after those 23 min the market is kind of dead
  • #276,434
  • Apr 14, 2011 9:41am Apr 14, 2011 9:41am
Good day, friends. I really pick the wrong day to get a haircut. Out since morning and there we have some movements. Will we see 6400 today?
  • #276,435
  • Apr 14, 2011 9:42am Apr 14, 2011 9:42am
london close at important level, becareful..
I will be the number one Manager.
  • #276,436
  • Apr 14, 2011 9:45am Apr 14, 2011 9:45am
Quoting smikester
Wow! The standards of technical analysis have fallen on this thread.
Smikester,

Low Blow man....

In all honesty - what do you expect?

This thread has been dying for a long time. The "standard" will obviously drop due to the fact that senior members have moved on. They have either gone and opened their own threads, or have found another home, or have left it all together.

What we have here, is a thread with a recycle rate of note.. Mostly viewed by newer members too sh*t scared to even make a comment. Scared of being ridiculed / snuffed at...

Let me take you back to your first post in 2007. Read it.

We all need to start somewhere.

Each and every one of us starts this journey as newborn. Fact. I believe the thread would welcome all the more experienced traders like yourself, to invest a little more time to educate. This would surely improve the skills and the ability of many to actually raise their personal standard of analysis. ( like your long entry today)

I am a simple man and probably one of the worst traders you will find, as I do not know all the jargon terms used by many "above standard" people on FF.

That in its own will stereotype me as a total loser - right?

I vowed to never get involved in this kind of post. but here I am. Flame me.

Your comment was unfair.

all the best
  • #276,437
  • Apr 14, 2011 9:53am Apr 14, 2011 9:53am
Quoting TauTrader
Smikester,

Low Blow man....


Your comment was unfair.

all the best
I agree also this comment was unfair, I am newbie but there are really good traders here who give good info, no one gets it 100% right, but this thread helps me measure the sentiment and see the points of view of others.
  • #276,438
  • Apr 14, 2011 9:54am Apr 14, 2011 9:54am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Oh stop moaning…
You guys are here, and you are bunch of good traders.
With respect to charts, let me give you guys some quality screen shot. It's only for seasoned traders and proprietary system I use from time to time (well all the time).
I Just follow it (recently started) and making decent money. Buy the one's in yellow and sell the one's in red…have SL worth 2-300 pips play small lots and you'll be ok.



ta
ams



Quoting TauTrader
Smikester,

Low Blow man....

In all honesty - what do you expect?

This thread has been dying for a long time. The "standard" will obviously drop due to the fact that senior members have moved on. They have either gone and opened their own threads, or have found another home, or have left it all together.

What we have here, is a thread with a recycle rate of note.. Mostly viewed by newer members too sh*t scared to even make a comment. Scared of being ridiculed / snuffed at...

Let me take you back to your first post in 2007....
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  • #276,439
  • Apr 14, 2011 9:58am Apr 14, 2011 9:58am
Quoting TauTrader
Smikester,

Low Blow man....


all the best
You'll never be flamed by me. Yes, I suppose you are right. But you know to which posts I was referring? I mean, let's try to set some standards here. I suffered (and still do, LOL) my own fair share of humiliation on these boards. Better to be humiliated by words than by bank account.

I'll take on board what you say. Thanks.
Gone to a better place
  • #276,440
  • Apr 14, 2011 9:59am Apr 14, 2011 9:59am
Quoting MartinMyster
I agree also this comment was unfair, I am newbie but there are really good traders here who give good info, no one gets it 100% right, but this thread helps me measure the sentiment and see the points of view of others.
Good day,

Was not my intent to put anyone on the spot. Smikester is a respected member and rightly so. I just did not see fairness, personally, with the comment made.

I should have kept it to myself...

Regards
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