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Cable Update (GBPUSD)

  • #279,041
  • May 12, 2011 5:00pm May 12, 2011 5:00pm
please guys fill me if i am missing anything here,

ONE MORE THING GUYS HERE AND IN GBPJPY THREAD MOST FO PEOPLE RECOGNIZE MY IT IS JUST A MATTER OF TIME WHEN MOST OF PEOPLE WILL REMEMBER ME,...
MOST FROM GBP/JPY AUSLANCE THREAD..

hAPPY PIPS TO ALL
Attached Image (click to enlarge)
Click to Enlarge Name: gbp 4h.gif Size: 18 KB
  • #279,042
  • May 12, 2011 5:08pm May 12, 2011 5:08pm
Quoting Mehran
What I see in the chart is a probable head and shoulder,
its still forming but its probable.
Salam,

Which chart are you talking about mehran 1H 4H daily??

can you post a chart so i can see it.
Thanks,
  • #279,043
  • May 12, 2011 5:21pm May 12, 2011 5:21pm
Quoting In..PrIsOn
Here is my performance of pas few days,
i hope you guys will see how my strategy works,
i keep it simple but added few things from my own no indicators just mixing feb levels and so called MCAD indicator to predict next move of the pair,..
Be Careful when it comes to trading it really sucks when you are wrong so make sure take any info you can catch fron internet about the pair you are trading try to understand the fundamentals too it will help you a lottt..

i am trading since 2002 and i havedone mistakes but i have learned from my mistakes,...
forgot to add my performance it is screen capture have a look..
Attached Image (click to enlarge)
Click to Enlarge Name: Past Few Days.jpg Size: 426 KB
  • #279,044
  • May 12, 2011 7:52pm May 12, 2011 7:52pm
Quoting In..PrIsOn
forgot to add my performance it is screen capture have a look..
GJ
  • #279,045
  • May 12, 2011 8:18pm May 12, 2011 8:18pm
Quoting In..PrIsOn
forgot to add my performance it is screen capture have a look..
Do you have myfxbook? That statement looks great but it can easily be fabricated. Nowaday there's myfxbook where traders can publish their MT4 statements for better transparency.

Trading a standard lot on a $5000 account really says a lot about yourself as a "trader" (or gambler), assuming that statement is valid.
  • #279,046
  • May 12, 2011 8:25pm May 12, 2011 8:25pm
Quoting Robot
GJ
what if GJ goes really down ?
  • #279,047
  • May 12, 2011 8:54pm May 12, 2011 8:54pm
Quoting redbeben
what if GJ goes really down ?
sorry i slept yes you are right,
as i said before it may rise i didnt said for sure it will rise,
but now looking att the charts it seems it droped 50 pips,
but as we know gy is votalitle pair 50 pips doesnt count for much as gu
but yes i was wrong this time i have no shame to say that gu droped 45 pips and it may drop more if broken yesterday low if broken i will hedge,
second thing another member asked for myfxbook i will register there
as i said before it is not my account it is some one else account i trade him because i dont have enough money to open 5k account buti have my live account with fxcm i will use myfxbook.com for people to know that am i good trader or not inshallah soon,
from next week.
wish me luck bro
Take Care..
  • #279,048
  • May 12, 2011 9:11pm May 12, 2011 9:11pm
i need to save my acc jut the way u did this, give me step by step procedure. thanks

Quoting In..PrIsOn
forgot to add my performance it is screen capture have a look..
  • #279,049
  • May 12, 2011 9:15pm May 12, 2011 9:15pm
goodday all, just closed almost all my short entries left with only one. That should end the day friday b cos we shall rise anytime on friday. so dont follow the fall and keep putting in more entries
  • #279,050
  • May 12, 2011 9:26pm May 12, 2011 9:26pm
Quoting fendi
goodday all, just closed almost all my short entries left with only one. That should end the day friday b cos we shall rise anytime on friday. so dont follow the fall and keep putting in more entries
I can assure you with this Bear will still control the game until asia session, I shall see if there is any reversal trend starting from London session
{Promotion Removed}
  • #279,051
  • May 12, 2011 11:10pm May 12, 2011 11:10pm
Quoting Mrleeforex
I can assure you with this Bear will still control the game until asia session, I shall see if there is any reversal trend starting from London session
I believe we're currently in consolidation period until next week. Lets play the range for now and bear will follow next week!
  • #279,052
  • May 12, 2011 11:33pm May 12, 2011 11:33pm
Quoting In..PrIsOn
forgot to add my performance it is screen capture have a look..
hey
Is it really statement, if is it true, it's amazing
  • #279,053
  • May 12, 2011 11:54pm May 12, 2011 11:54pm
why do you think we are bearish? I have been selling all the way down but on daily I have an uptrend, price coming to a LTL, as well as fib and round number....

If we get a clean break and retest, I will hop on board - just weary of the above levels...

Im not saying your wrong - Im just out here to learn?

also, what your guys thoughts wormboy, bbmac, redbeben and kenfen? I just value your guys input and understanding..

thanks all

Quoting Robot
I believe we're currently in consolidation period until next week. Lets play the range for now and bear will follow next week!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd daily.gif Size: 38 KB
"Millionaires don't use astrology, billionaires do"
  • #279,054
  • May 13, 2011 12:12am May 13, 2011 12:12am
Quoting In..PrIsOn
Shorting my not be a good idea right now,
it is already at oversold level in medium term charts like 1h 4h so please be carefull before you trade..

just sharing my point of view bro
Yo Prisoner, is this a reference to a former life/R. Yes it appears almost oversold according to my QQE but one thing I have learnt about the cable is that it loves trendlines, 200ema's and fibs. Regardless of fundamentals, once this baby get a target in its sights it rarely lets anything stop it. Right now I feel it is targeting the daily 200ema sitting flush on the daily 50% retrace coinciding with strong support there. It may even work its way past it down to the weekly channel around 5750 eventually over the coming weeks. The weekly MACD has turned down off the weekly 200ema which is a good sign.
  • #279,055
  • May 13, 2011 12:13am May 13, 2011 12:13am
hi guys, we should hit 1.6150 by the time u.s. open later today
  • #279,056
  • May 13, 2011 12:16am May 13, 2011 12:16am
the 30min 200ema looks like a good point for a short entry down to 6215 or so. Holding the other half for later
  • #279,057
  • May 13, 2011 12:20am May 13, 2011 12:20am
my QQE tells me london will send us north temporarily and NY will send us south off the 30min 200ema. My pending is sitting their so I am completely biased of course
  • #279,058
  • May 13, 2011 12:39am May 13, 2011 12:39am
GU just paid me 19.31% because what was supposed to be a scalp turned into a day-trade.

LOL. Done for the week....maybe next week too. Sometimes it's better to be lucky than good.
  • #279,059
  • May 13, 2011 12:41am May 13, 2011 12:41am
Hi all,
Euro is bullish a bit and GBP in situ at the moment. You don't think that around 16300 is a good place to look for a short (on the 15 min chart)?
  • #279,060
  • May 13, 2011 1:34am May 13, 2011 1:34am
Quoting jmtini
Hi all,
Euro is bullish a bit and GBP in situ at the moment. You don't think that around 16300 is a good place to look for a short (on the 15 min chart)?
I like that, either 6310 or 6335
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