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Cable Update (GBPUSD)

  • #278,901
  • May 11, 2011 7:39am May 11, 2011 7:39am
Quoting redbeben
another one fresh just for you

“I wonder how “serious” the upcoming situation will be regarding the US debt ceiling. I wonder if Tax-Cheatin-Timmy will lie as well. Surely the lil-ole stock market will be open and equities may fall, so be prepared for an avalanche of lies from everyone.”

[color=#000000][font=Times New Roman]As it turns out, Tax-Cheatin-Timmy may already be lying about the exact subject mentioned above. Not all debt is subject to the debt ceiling, which is convenient...

hello
how is there?
in a bit summary... what should this writing mean? a weaker than expected usdollar?
90% of traders use TA, indicators and prediction
  • #278,902
  • May 11, 2011 7:47am May 11, 2011 7:47am
how should I know
I don't trade news and don't trust fundies so.....maybe it helps somebody that knows how to read it properly

if they lie the USD will be strong if they tell the truth the GBP will gain power....but hey,who tells the truth those apocaliptic days ?

it's all a lie.or somebody else wants us to think it's a lie and they send info like this...

and this takes us back to it's all a lie
  • #278,903
  • May 11, 2011 7:52am May 11, 2011 7:52am
Quoting fendi
This entry closes tomorrow. short 1.6500 s.l 1.6570 t.p 1.6400. This is my secound entry 4 today. Am out.
hello,
you could be 100%right
but sincerely... this is not the kind of h1 n h4 pattern where i think to look for short entries
let it setup a bit.
90% of traders use TA, indicators and prediction
  • #278,904
  • May 11, 2011 7:53am May 11, 2011 7:53am
Quoting redbeben
how should I know
I don't trade news and don't trust fundies so.....maybe it helps somebody that knows how to read it properly

if they lie the USD will be strong if they tell the truth the GBP will gain power....but hey,who tells the truth those apocaliptic days ?

it's all a lie.or somebody else wants us to think it's a lie and they send info like this...

and this takes us back to it's all a lie
90% of traders use TA, indicators and prediction
  • #278,905
  • May 11, 2011 8:00am May 11, 2011 8:00am
Quoting fendi
navin i dont know how to explain this, I have tried so many things b4 i got success, i follow just pattern. G/U has a behaviour and pattern, most times similar pattern occur. If you follow indicators or theory you would be in place also, but this works for me. We cant do G/U more than 1.6525-40 max, it would come down after that. 95% certain.
Thanks,

i suppose a retest of breakout area is something which cant be ruled out..be lucky
  • #278,906
  • May 11, 2011 8:07am May 11, 2011 8:07am
Quoting 00montie
any ideas if it will re-visit 6500? my broker didn't close at my limit
Man, 65 for sure, it wants to retest the weekly 200ema. After that I'm not sure except that overall GBP weakness could see a big short down to the daily 200ema which is a logical area of support
  • #278,907
  • May 11, 2011 8:14am May 11, 2011 8:14am
Censorship at its extreme:

http://www.forexfactory.com/showthre...=1#post4609834
  • #278,908
  • May 11, 2011 8:59am May 11, 2011 8:59am
hi friends i made few pips today. short took @ 6470 met the tp @ 6450. I had enough for today. see you all tomorow. best of luck with all traders!
  • #278,909
  • May 11, 2011 9:01am May 11, 2011 9:01am
I've got my fair share for tomorrow so I get out. Dunno how USD news will play out but I'm not sure that they can get rid of the bulls so easily.
  • #278,910
  • May 11, 2011 9:48am May 11, 2011 9:48am
GBPUSD is pretty easy ride today made some 50+ pips in total, i got this indicator from my friend who trades along me but he refused to give me idea how this is constructed so any help will be if done much appreciated based on my experience i feel it is based on kind of ATR break out?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd trade 1.gif Size: 21 KB
  • #278,911
  • May 11, 2011 10:26am May 11, 2011 10:26am
Quoting TauTrader
Good day to you,

Forgot to update. Initial entry @ 1.6421 was closed for +3 and adjusted down with a new entry @ 1.6408. Second entry went in long @ 1.6375. Average entry price now 1.63915

Regards
Good day to you,

Eventually managed to close @ 1.6500. Shitty ride.

Sold again from the top and closed. EU trade went horribly wrong....

Been out for a couple of days waiting for trades to mature. Some worked - some gave nada - some losses.

I'm checking back regularely to see how y'all progressing.

Regards

All the best
Attached Image (click to enlarge)
Click to Enlarge Name: gu1b.gif Size: 26 KB
  • #278,912
  • May 11, 2011 10:31am May 11, 2011 10:31am
Quoting TauTrader
Good day to you,

Eventually managed to close @ 1.6500. Shitty ride.

Sold again from the top and closed. EU trade went horribly wrong....

Been out for a couple of days waiting for trades to mature. Some worked - some gave nada - some losses.

I'm checking back regularely to see how y'all progressing.

Regards

All the best
May i know what set up you are using to make trades and this looks pretty interesting to me, if don't mind can please share more on your charting setup and rules to trade them.
  • #278,913
  • May 11, 2011 11:14am May 11, 2011 11:14am
Quoting deryworlds
I see no Change and probably Bears will come....
Limit My Sold Between 6444-6497 for the week...
Well it's Happen Guys....
  • #278,914
  • May 11, 2011 11:15am May 11, 2011 11:15am
Have a look at the Daily Euro break or no break ...
Trade with the momentum
  • #278,915
  • May 11, 2011 11:18am May 11, 2011 11:18am
Wow...Good for me shorting


My live MT4i stats
http://www.mt4i.com/users/superforex2/stats
  • #278,916
  • May 11, 2011 11:37am May 11, 2011 11:37am
scalping - Very strong bearish move with no significant retraces. Also, we're in oversold on 5M RSI for over 30 mins and in 15M. A retrace is about to happen
  • #278,917
  • May 11, 2011 11:37am May 11, 2011 11:37am
finally i got more than 100pips. still to come
  • #278,918
  • May 11, 2011 11:44am May 11, 2011 11:44am
I told u i stopped text book theories they fall. Price has unique patterns you get 2 entries in a week you are ok. Simple.


Quoting nAVIN2007
i suppose a retest of breakout area is something which cant be ruled out..be lucky
  • #278,919
  • May 11, 2011 11:48am May 11, 2011 11:48am
Quoting fendi
I told u i stopped text book theories they fall. Price has unique patterns you get 2 entries in a week you are ok. Simple.
u did..welldone!!!..
  • #278,920
  • May 11, 2011 11:56am May 11, 2011 11:56am
i av extended my t.p to 1.6335 and 1.6300...... I couldnt b wrong



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