Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#277,721
Apr 27, 2011 9:37pm Apr 27, 2011 9:37pm

Mrleeforex
| Membership Revoked | Joined Jan 2011 | 161 Posts

Quoting GBP Trader

Disliked

Good morning sir,

Your allegation is true the price reaches 1.6680-1.67xx and quite fantastic. So if now we have entered a period of transition towards 1.6380 or above is still chasing the target, how do you think? Or still waiting triger to get the downtrend? Triger is it? What advice do you sir? Thank You.

Best Regards

San

Ignored

USD index remain very bearish and I can't see sign for US$ index to go up since the Fed maintian low interest rate. logically I am optimistic for TP @168XX

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#277,722
Apr 27, 2011 9:44pm Apr 27, 2011 9:44pm

kiwidoc
| Joined Apr 2011 | Status: Trader | 90 Posts

Hi all,

Thought I'll introduce myself.

Started trading in 2007 after dabbling in stocks as a kid (thanks dad). Needed a job that pays at night and can give me flexible hours during med school. Forex was one of the few that was legitimate

Over the years I've trialled a number of systems and also subscribed to a lot of 'gurus'. Went for weeks where I made lots of pips to blowing it all on one bad trade (blew my accounts 3x).

Things I realized over the years (for me personally) is:
-never trade when emotional
-never chase a trade (impatience is one of my personality flaws)
-selling/buying because a pair has broken record highs/lows (or simply thinkings its gone low/high enough)

What works for me (after many years of ups and downs) is:
-only trade pairs that I know (i.e. G/U, E/U, G/J, E/J)
-keep it simple (I've trialled numerous complex systems, most seem to work at the beginning but not sustainable long term).
-now I trade by simply looking at a 1 hour chart with EMA and RSI thrown in

My goal every day is to make 10 pips using 2% of my account. I know it's not a lot but that's what fits my lifestyle. One thing that I do every day is close all positions. I found that if I don't, I would spend my day checking my iphone like crazy to see what the rates are (and hence neglecting my patients).

Hope to learn from you all.

#277,723
Apr 27, 2011 9:51pm Apr 27, 2011 9:51pm

deryworlds
| Commercial User | Joined May 2009 | 209 Posts

Quoting deryworlds

Disliked

Lets Count and give a bit Shoot When Bull Take a Breath later and we can Shoot with little Sold BEAR... 6434 to 6634 just 200 Pip for weekly , why dont we give them more 220 pip UP....Then We can SOLD ....Scalp or whatever

Ignored

Just Prepared SOLD limit 1.6845

#277,724
Apr 27, 2011 10:06pm Apr 27, 2011 10:06pm

Wulfgar
Joined Apr 2011 | Status: That the best u can do, u pansies? | 6,087 Posts

The last stronghold is 1.7078...if we break that then it opens up 2$

I wont look at any shorts until then

#277,725
Apr 27, 2011 10:08pm Apr 27, 2011 10:08pm

forex_growth
| Joined Apr 2010 | Status: forex guru | 660 Posts

hmmm I must be very neglectful then as Im on my laptop inbetween patients....

LOL

great strategy bro, I too have lost alot of money and now got the discipline that even if I miss a trade by 2-3 pips from where I wanted I just dont enter... also, Ive recently found trading with MA's and doing very well off them, and only trading with the flow of price, away from the MA's on shorter TF and always with the trend - once Im experienced enough, I may try counter trades etc but thats where I often got bit in the past... guessing and picking bottoms or tops...

happy trading

Quoting kiwidoc

Disliked

Hi all,

Thought I'll introduce myself.

Started trading in 2007 after dabbling in stocks as a kid (thanks dad). Needed a job that pays at night and can give me flexible hours during med school....

Ignored

"Millionaires don't use astrology, billionaires do"

#277,726
Apr 27, 2011 10:11pm Apr 27, 2011 10:11pm

Mrleeforex
| Membership Revoked | Joined Jan 2011 | 161 Posts

Quoting kiwidoc

Disliked

Hi all,

Thought I'll introduce myself.

Started trading in 2007 after dabbling in stocks as a kid (thanks dad). Needed a job that pays at night and can give me flexible hours during med school....

Ignored

You're welcome and I'm still learning too

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#277,727
Apr 27, 2011 10:19pm Apr 27, 2011 10:19pm

ifxagent
| Joined Apr 2011 | Status: Trader | 2 Posts

Spot Divergence GBP/USD TF H4
Check it out, it will happend or not ?

#277,728
Apr 27, 2011 10:27pm Apr 27, 2011 10:27pm

forex_growth
| Joined Apr 2010 | Status: forex guru | 660 Posts

hey bro can you post a chart - no idea what you mean..

thanks

Quoting ifxagent

Disliked

Spot Divergence GBP/USD TF H4
Check it out, it will happend or not ?

Ignored

"Millionaires don't use astrology, billionaires do"

#277,729
Apr 27, 2011 10:39pm Apr 27, 2011 10:39pm

sphinx8
| Joined Apr 2011 | Status: Trader | 449 Posts

any sence to go long now? meaning making some pips on London open? I believe they will drive it up even more......

#277,730
Apr 27, 2011 10:41pm Apr 27, 2011 10:41pm

Mrleeforex
| Membership Revoked | Joined Jan 2011 | 161 Posts

is it begining of the reversal ?

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#277,731
Apr 27, 2011 10:46pm Apr 27, 2011 10:46pm

sphinx8
| Joined Apr 2011 | Status: Trader | 449 Posts

Quoting Mrleeforex

Disliked

is it begining of the reversal ?

Ignored

what makes you belive this tiny small pullback is any different to the many others on the way up here from 1.64 ? there was no reversal either yet

#277,732
Apr 27, 2011 10:49pm Apr 27, 2011 10:49pm

Mrleeforex
| Membership Revoked | Joined Jan 2011 | 161 Posts

Quoting sphinx8

Disliked

what makes you belive this tiny small pullback is any different to the many others on the way up here from 1.64 ? there was no reversal either yet

Ignored

Based on fibo That I draw for US$ index . and it's starting to go up (currently 38.2%).

and like you said it might be just a pullback. that's why I ask , is it reversal ?

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#277,733
Apr 27, 2011 10:55pm Apr 27, 2011 10:55pm

sphinx8
| Joined Apr 2011 | Status: Trader | 449 Posts

either London guys will want to take profit on their longs or ride the the bull, whats's it gonna be? Who knows

#277,734
Apr 27, 2011 10:55pm Apr 27, 2011 10:55pm

Mrleeforex
| Membership Revoked | Joined Jan 2011 | 161 Posts

Quoting Mrleeforex

Disliked

Based on fibo That I draw for US$ index . and it's starting to go up (currently 38.2%).

and like you said it might be just a pullback. that's why I ask , is it reversal ?

Ignored

and it goes back to 0.0 that means it's just a pullback

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#277,735
Apr 27, 2011 10:56pm Apr 27, 2011 10:56pm

Wulfgar
Joined Apr 2011 | Status: That the best u can do, u pansies? | 6,087 Posts

Quoting Mrleeforex

Disliked

is it begining of the reversal ?

Ignored

Breakout channel is 6529-6722

So if you have a countertrend strategynow is the time.... Ill be looking to add more long if we pull back to the 6529

#277,736
Apr 27, 2011 11:12pm Apr 27, 2011 11:12pm

GBP Trader
| Joined Mar 2011 | Status: Trader | 34 Posts

Quoting Wulfgar

Disliked

Breakout channel is 6529-6722

So if you have a countertrend strategynow is the time.... Ill be looking to add more long if we pull back to the 6529

Ignored

Good Afternoon sir,

What do you mean by Long sir? Long upward or downward? Sorry I'm also waiting for the down trend and I'm learning so much seek opinions from friends. Thank You.

Best Regards

San

#277,737
Apr 27, 2011 11:28pm Apr 27, 2011 11:28pm

deryworlds
| Commercial User | Joined May 2009 | 209 Posts

What do you think on this Daily ?! I cant see The Bear Till now and stay out from 5TF

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#277,738
Apr 27, 2011 11:42pm Apr 27, 2011 11:42pm

Wulfgar
Joined Apr 2011 | Status: That the best u can do, u pansies? | 6,087 Posts

Quoting GBP Trader

Disliked

Good Afternoon sir,

What do you mean by Long sir? Long upward or downward? Sorry I'm also waiting for the down trend and I'm learning so much seek opinions from friends. Thank You.

Best Regards

San

Ignored

San

Good afternoon

I mean i will be looking to buy to dip to the bottom of the current channel we are in. It is foolish at the moment the fight the trend. Our last stronghold for a potential trend reversal will be the 1.7078 level. If that area is compromised and closed above the probability is that we will revisit the 2.0000 level

I will not rule out the possibility of a trend reversal and if my channels start to break to the downside I will turn my attention toward shorting this pair.

Till then,trade what you see everybody

#277,739
Apr 27, 2011 11:49pm Apr 27, 2011 11:49pm