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Cable Update (GBPUSD)

  • #280,821
  • Jun 7, 2011 5:24pm Jun 7, 2011 5:24pm
Quoting Chelost
Ascending triangle...

Is Bullish!!!
I hope you are right as well.

Took a long a on this Pair at the start of today. 5:00 Pm (EST).

Trade based on another study I have been collecting data on for about 8 months now. Not enough yet to state if it deserves merit or not.

If the GBP/USD has an up (or down) candle in the last hour of the trading day, will it slowly meander upwards or downwards for the next 3 hours based on what it did from 4--5 PM?

Initial analysis showed a strong correlation.

Recently, not as strong.

Hopefully today will be a strong correlation day. Like the Hourly as well.
  • #280,822
  • Jun 7, 2011 5:25pm Jun 7, 2011 5:25pm
Quoting Astroman
I hope you are right.
I'm right indeed, because that's my opinion. But I am not right if I say market will.
  • #280,823
  • Jun 7, 2011 8:49pm Jun 7, 2011 8:49pm
Does any body think of Short oppts for GU?
  • #280,824
  • Jun 7, 2011 9:11pm Jun 7, 2011 9:11pm
Giving it one last chance to hit 1.6423.

I am out if it fails.
  • #280,825
  • Jun 7, 2011 9:12pm Jun 7, 2011 9:12pm
Looking for 1.6352-1.6380 before decided to buy...
Attached Image (click to enlarge)
Click to Enlarge Name: plan1.gif Size: 35 KB
  • #280,826
  • Jun 7, 2011 10:14pm Jun 7, 2011 10:14pm
Keep pushing on up.

Little by little.

Inserted Video
  • #280,827
  • Jun 8, 2011 12:42am Jun 8, 2011 12:42am
I closed all my shorts @ 6415. looking for close above 6430 to buy
  • #280,828
  • Jun 8, 2011 1:01am Jun 8, 2011 1:01am
Super-hawk Sentance's departure is weighting on GBP. He has repeatedly called for the BoE to raise interest rates. As all eyes now on BOE rate decision, no one expects that Broadbent will vote for rate hike.

So, gbp is going down.
  • #280,829
  • Jun 8, 2011 1:02am Jun 8, 2011 1:02am
Quoting bchbch
I closed all my shorts @ 6415. looking for close above 6430 to buy
yep, there is 21EMA on 4-H chart at this level, which could provide support...
  • #280,830
  • Jun 8, 2011 1:24am Jun 8, 2011 1:24am
if you miss this gbp/usd trade, you will not make money in this market
buy gbp/usd at 1.6437....

follow my signal
http://www.forexfactory.com/showthre...=1#post4673178
  • #280,831
  • Jun 8, 2011 1:34am Jun 8, 2011 1:34am
Hello all, ya, your very funny!!!!!!! say something else.........

Quoting dailyking
if you miss this gbp/usd trade, you will not make money in this market
buy gbp/usd at 1.6437....

follow my signal
http://www.forexfactory.com/showthre...=1#post4673178
  • #280,832
  • Jun 8, 2011 1:40am Jun 8, 2011 1:40am
Quoting fendi
Hello all, ya, your very funny!!!!!!! say something else.........
HA! V.true

- Morning all

What we think of this guy? > http://www.dailyfx.com/forex/technic...0000000L80pAAC

I just can't help thinking that he's got this market wrong...I'm not even onto my 4th coffee yet co shant make any judgement calls yet hahaha
  • #280,833
  • Jun 8, 2011 1:45am Jun 8, 2011 1:45am
Quoting slovforex
yep, there is 21EMA on 4-H chart at this level, which could provide support...
Hello. Still don't have any open trades... what can give us the direction?
  • #280,834
  • Jun 8, 2011 1:55am Jun 8, 2011 1:55am
Quoting josef
Hello. Still don't have any open trades... what can give us the direction?
Watch out for

Price 1.6391 break to confirm full time bearish all day
price 1.6500 break to confirm full Bullish
Keep the Lights on then you can catch the rise from the dark.
  • #280,835
  • Jun 8, 2011 1:58am Jun 8, 2011 1:58am
Quoting Walker93
HA! V.true

- Morning all

What we think of this guy? > http://www.dailyfx.com/forex/technic...0000000L80pAAC

I just can't help thinking that he's got this market wrong...I'm not even onto my 4th coffee yet co shant make any judgement calls yet hahaha
These guys from dailyfx are very dump.

I'd been watching for one year how they tried to make a successful candlestick analyses, but almost every time failed, coz price "unexpectedly" turned to the other side)))))
  • #280,836
  • Jun 8, 2011 2:07am Jun 8, 2011 2:07am
Quoting josef
Hello. Still don't have any open trades... what can give us the direction?
Hi josef
Tomorrow's BOE rate decision will give us direction

I wait impatiently for the news from BOE, in particular, what the position of "a new guy" from Goldman Sachs will be? For rate hike or not.
  • #280,837
  • Jun 8, 2011 2:07am Jun 8, 2011 2:07am
Quoting slovforex
These guys from dailyfx are very dump.

I'd been watching for one year how they tried to make a successful candlestick analyses, but almost every time failed, coz price "unexpectedly" turned to the other side)))))
Thought so!
  • #280,838
  • Jun 8, 2011 2:11am Jun 8, 2011 2:11am
hello all
this start of the week is not good for me.
i have got a bad loss
the matter is not the amount loss.
i went short gbpusd 6360 tgt 6315 sl 6377
i did not set the trail stop as usually 15pips
touched 6325 then when i came at pc price was already 6420
i was late to buy it, and was not good for short.

all yesterday i have been unable to trade gbp usd and now i need it to breake (up or down) before understanding what is happening.
a loss costs more than the immediate money we loose

im sharing this coz sometimes we fell like we never loose. my only luck is my trades on eur jpy going good.....
90% of traders use TA, indicators and prediction
  • #280,839
  • Jun 8, 2011 2:16am Jun 8, 2011 2:16am
Quoting _BBKing_
hello all
this start of the week is not good for me.
i have got a bad loss
the matter is not the amount loss.
i went short gbpusd 6360 tgt 6315 sl 6377
i did not set the trail stop as usually 15pips
touched 6325 then when i came at pc price was already 6420
i was late to buy it, and was not good for short.

all yesterday i have been unable to trade gbp usd and now i need it to breake (up or down) before understanding what is happening.
a loss costs more than the immediate money we loose

im sharing this coz sometimes we fell like we...
What is your money management?
  • #280,840
  • Jun 8, 2011 2:17am Jun 8, 2011 2:17am
Quoting _BBKing_
"this start of the week is not good for me.
i have got a bad loss"
Unlucky brother - the cable is a bitch if your not on your A-Game atm, i think we're going to get a meaningful move soon - should dictate my trade sentiment.

Just concentrate on your eurodollar if your doing well on that? don't throw good money after bad though trying to second guess the GU...I think if people have positions on before our break then the men will be sorted form the boys - When in doubt, sit it out dude
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