Make your losses in demo. Earn your profits live.
Cable Update (GBPUSD)
- #280,703
- Jun 6, 2011 10:21am Jun 6, 2011 10:21am
hey bro. use what works for you, but i can tell you it may not stand the test of time..... in due course if its not based on technical and fundamental it would crush soe day.....
What you see on those charts are like guides, they only help to motivate my decisions, once i have 2-3 agreeing with eachother, i go with it no matter what the so called experts say......I also use price movement mostly within 4hrs and daily, they have a likely pattern they follow... If yoy take time and look at your chart what is happening now, you would see it happens regularly with the breach of a new high followed by a swing to the middle of a band, 2 to 3 possible type of characteristics may follow, alli do is identify the one quickly, use these indicators to analyze them and trade on...........
I hardly follow textbook rules, the expert the BIGDOGS, they know this rules too, if everyone plays by the rules no one looses, so sometimes they need to break the rules. Guess what we loose they win, b cos they want to win all the time...... Study chart patterns and movements more, guided by what other means you trade with and you would have clearer picture.
What you see on those charts are like guides, they only help to motivate my decisions, once i have 2-3 agreeing with eachother, i go with it no matter what the so called experts say......I also use price movement mostly within 4hrs and daily, they have a likely pattern they follow... If yoy take time and look at your chart what is happening now, you would see it happens regularly with the breach of a new high followed by a swing to the middle of a band, 2 to 3 possible type of characteristics may follow, alli do is identify the one quickly, use these indicators to analyze them and trade on...........
I hardly follow textbook rules, the expert the BIGDOGS, they know this rules too, if everyone plays by the rules no one looses, so sometimes they need to break the rules. Guess what we loose they win, b cos they want to win all the time...... Study chart patterns and movements more, guided by what other means you trade with and you would have clearer picture.
fendi i dont know what kind of results you get but how i see it is that not many of the large money-movers are using quite so many indis surely? i mean there are people behind the price moves - its psychology on mass. Like today ive grown my balance 15% and i use nothing like what you have on your charts?
perhaps thats just my noobish confusion. noob or not i love it when all the trades you put on go your way though
Any advice for a beginner on cable?
- #280,704
- Jun 6, 2011 10:21am Jun 6, 2011 10:21am
why is everywhere so silent, possibly someone can explain to me through there earlier chat if they saw this coming?? plz i need to know............ I need some explanation with charts plz.
1.For European Pairs, no High or Medium Impact Fundemantal news report during London session (i.e (no news to cause fear, hope and greed or give traders the reason to execute orders). the only news that came up during the London session was that of USD!, it came out in a session other than its own so we got really few traders or investors to trade it. Lets see what the next USD news will do to USD pairs.
2. Its Monday: Monday's are known for very low liquidity. compared to other days of the week; hence most of the holidays are pegged on Monday's
Perfect Trading Core completed on 13/10/2012 : 2002-2012 |10yrs
- #280,705
- Jun 6, 2011 10:22am Jun 6, 2011 10:22am
I see that London wanted to bring it down, that last attempt near London close speaks for itselt. I think New York will bring it up again, but I don't know how far it will go. Time will tell us...
Personally ive got a short running from 642, but il take the gains and go long if the volume changes around 633/632. Fendi is right about it going long 'soon' but not that soon for an M30/H1 trader like moi.
1stECN is 99% with his comments - (or at least i'd agree)
thanks for the advice fendi - i do keep several views: fundamental/economic view, technical view over medium & short term, & a close eye on volumes & much shorter term price movement waves. This way ive managed to make short term trades on the cable until im set up for the bigger swings - Working well so far!
- #280,707
- Jun 6, 2011 10:41am Jun 6, 2011 10:41am
- | Joined Jun 2010 | Status: Trader | 1,429 Posts
why is everywhere so silent, possibly someone can explain to me through there earlier chat if they saw this coming?? plz i need to know......
aiming 6310 for final TP.
- #280,708
- Jun 6, 2011 11:05am Jun 6, 2011 11:05am
- | Joined Aug 2009 | Status: Trader | 1,068 Posts
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
- #280,709
- Jun 6, 2011 11:52am Jun 6, 2011 11:52am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
[text was for a ff member]
Hero calls followed by margin calls...
- #280,710
- Jun 6, 2011 1:18pm Jun 6, 2011 1:18pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #280,712
- Jun 6, 2011 4:51pm Jun 6, 2011 4:51pm
- Joined Aug 2010 | Status: Trader | 3,935 Posts
buy gbp/usd at 1.6371 sl=1.6274 tp1=1.6450 tp2=1.6500
buy gbp/yen at 131.30 sl=130.76 tp1=132.00 tp2=132.50
follow my journal
http://www.forexfactory.com/showthre...254704&page=35
buy gbp/yen at 131.30 sl=130.76 tp1=132.00 tp2=132.50
follow my journal
http://www.forexfactory.com/showthre...254704&page=35
- #280,713
- Jun 6, 2011 5:36pm Jun 6, 2011 5:36pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Is this 634 level going to give any support or will it continue through the level?
I'm glad i've only got small lots on orelse id be getting slaughtered on this one :? hopefully will just be able to let it run & see if it breaks on the upside - no doing any damage, may as well be flat tbh. But i do have a buy stop order on around 64ish.
Trend reversal? perhaps - Il just keep on my buy-stop and keep an eye on the momentum changes & MACD could be a clue for a change in trends....
Any advice from some seasoned vets?
Come with me if you want to live....
- #280,716
- Edited 1:48am Jun 7, 2011 1:37am | Edited 1:48am
hey bro. As much as you av a go at G/U, i wld exercise some patience at 1.6402-08,why, i see a serious support holding at that level. If it doesnt break, i wld go short from there. Peace
buy gbp/usd at 1.6371 sl=1.6274 tp1=1.6450 tp2=1.6500
buy gbp/yen at 131.30 sl=130.76 tp1=132.00 tp2=132.50
follow my journal
http://www.forexfactory.com/showthre...254704&page=35
- #280,717
- Jun 7, 2011 1:38am Jun 7, 2011 1:38am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
