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Cable Update (GBPUSD)

  • #290,741
  • Oct 18, 2011 11:03am Oct 18, 2011 11:03am
Quoting gsantri

.
90% of traders use TA, indicators and prediction
  • #290,742
  • Oct 18, 2011 11:07am Oct 18, 2011 11:07am
oh well i missed the down move.
got only some scalps....

what a day
and its still not ended!

there is bernanke and gov.king speaks
90% of traders use TA, indicators and prediction
  • #290,743
  • Oct 18, 2011 11:13am Oct 18, 2011 11:13am
Quoting Fudomyo
what's up with your charts?

I'm sure there's something useful you'd like to share, but the super sized fonts and stuff make them impossible to read.

Click on the chart.....then click on it again to zoom in......it is very very clear then.......I put the big fonts on so people can read me notes as to why I entered a trade and to people why I expect price to move a certain way......I don't have a live broadcast to verbally communicate what I see in a chart....so I do my best by putting notes on the chart and then a few more notes in my post - sorry that you can't read it.....I only use two indicators and a few moving averages.....actually a very clear and neat chart.......hope that helps!

As for font size....I have total control over font size......I can decrease font size....I thought it would be better so that people could read it.....let me know!


Cheers,

Faller
I don't trust any move - when you have profit...take it.
  • #290,744
  • Oct 18, 2011 11:16am Oct 18, 2011 11:16am
Quoting Fudomyo
what's up with your charts?

I'm sure there's something useful you'd like to share, but the super sized fonts and stuff make them impossible to read.

Does your front end brand them that way when you save out?

If so, I'd definitely complain.

Also.....a lot of people here just post a chart with no comments on it at all....just the price action/candlesticks.....and in your post they say things like....well this is what I see.........and I say....ya my chart tells me the same thing....I have the same candlesticks etc......but what EXACTLY do you see....put a note on your chart....or elaborate in your post.....etc.....that is what I try to do......pass on knowledge.
I don't trust any move - when you have profit...take it.
  • #290,745
  • Oct 18, 2011 11:17am Oct 18, 2011 11:17am
Quoting ovaforty
booking a few pips long eur/usd here
what a great day!!!!!


let me a question please: how do you screen all those charts? do you also use more than 1monitor or do you with small charts?
just curiuos coz with my screen im unable to let more than 2 pairs opened and thinkin to add some..
90% of traders use TA, indicators and prediction
  • #290,746
  • Oct 18, 2011 11:19am Oct 18, 2011 11:19am
Lost connection but ok seems all . was tension with eu if reversal for more . anyway now just wait & see .price bounced at daily support & h1 tf range bottom in eu but still not daily bottom there .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #290,747
  • Oct 18, 2011 11:20am Oct 18, 2011 11:20am
Quoting Fudomyo
I understand what you're saying about the notes.

What's the GLOBEX@6BZI thing?

The pound futures........I only trade the futures....I trade all currency futures - pound, swissy, cad, euro etc.....as well as commodity futures like oil, gold, nat gas etc............heading for lunch now.......can reply back with more info if you want.....or PM me.......thanks.

The 6B is pound futures....and the Z1 is the month expiry.

Cheers,

Faller.
I don't trust any move - when you have profit...take it.
  • #290,748
  • Oct 18, 2011 11:35am Oct 18, 2011 11:35am
Quoting _BBKing_
what a great day!!!!!


let me a question please: how do you screen all those charts? do you also use more than 1monitor or do you with small charts?
just curiuos coz with my screen im unable to let more than 2 pairs opened and thinkin to add some..
Well, this is how I do it:

You don't need 15 monitors to trade 15 pairs, do you? what you need is just to analyze 15 pairs separately ( I really mean separately - I don't believe in correlation. I know there's some percentage of correlation in pairs; EU down GU down, but I like to think that they behave separately - this might helps with your decision in trading certain pairs and eliminate conflicts in your decisions.)

Once you have analyze them, what you have to do is to put you pending orders. Not all instruments can be traded in the same time, right? So, in daily basis, maybe you will find like 2 pairs can be traded on that particular day, while others should be put on hold and notes whatever you find in your trading dairy so that you won't forget your setups.

Hope that helps.
  • #290,749
  • Oct 18, 2011 11:36am Oct 18, 2011 11:36am
Quoting Faller
The pound futures........I only trade the futures....I trade all currency futures - pound, swissy, cad, euro etc.....as well as commodity futures like oil, gold, nat gas etc............heading for lunch now.......can reply back with more info if you want.....or PM me.......thanks.

The 6B is pound futures....and the Z1 is the month expiry.

Cheers,

Faller.
Mate, I've traded futures for years so I understand the symbols and month expiry. But I've never seen it branded so large across a chart so was wondering why.

Cheers
  • #290,750
  • Oct 18, 2011 11:43am Oct 18, 2011 11:43am
Quoting _BBKing_
what a great day!!!!!


let me a question please: how do you screen all those charts? do you also use more than 1monitor or do you with small charts?
just curiuos coz with my screen im unable to let more than 2 pairs opened and thinkin to add some..
More screens are always better, but it's like a vacuum. as soon as you get more real estate you find ways to fill it.

In my trading room, I watch 8 screens and still have stuff piled up in the background. on the same note, I trade on a 17" laptop when I travel, and somehow it really doesn't feel limiting.

more is better, but less done well is pretty much the same.



http://www.forexfactory.com/attachme...3&d=1305552771
my trading room
  • #290,751
  • Oct 18, 2011 11:56am Oct 18, 2011 11:56am
Quoting Fudomyo
maybe. this was the daily support test, right on the dime.

I didn't plan past this point yet...

the little doji around 5600 is stuck in my head though. (black circle) so even though I'm playing it safe getting off the bus here, I'm curious to see if it gets tested. but if the daily candle closes back above the MPP then I'm backing the truck up for 5900.

updated chart.
... rofl

let's see if 5700 holds.
  • #290,752
  • Oct 18, 2011 11:58am Oct 18, 2011 11:58am
5706 gu & 3766 eu applying the limits used previously , watching if it actually work now.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #290,753
  • Oct 18, 2011 12:01pm Oct 18, 2011 12:01pm
Quoting fontu
5706 gu & 3766 eu applying the limits used previously , watching if it actually work now.
fontu
yep. this is key for reversal or rejection. already long though, if it flops, then paint me in tar and ride me backwards out of town on a donkey.


EU 37421 has to go, or forget about it.
  • #290,754
  • Oct 18, 2011 12:14pm Oct 18, 2011 12:14pm
thanks for replky guys
what i mean is better shown below

this is my typical working way
i have main chart on the right where switch to m30-h4
then left faster TF switch 1m-15m

this help easy to define entries at extremes helped by faster TF
for example i got long 5636 helped by m1 chart on the left showing divergence where h1 was hitting that dotted line.....
already closed for 25 pips

i do same thing for GU n EU but its impossible to switch from 1 pair to another, too much things imo.
so: or i buy a new monitor, or i trade only 1pair ....
Attached Image (click to enlarge)
Click to Enlarge Name: Immagine.jpg Size: 145 KB
90% of traders use TA, indicators and prediction
  • #290,755
  • Oct 18, 2011 12:17pm Oct 18, 2011 12:17pm
this is the downside test here.

if it holds we keep going. if not... and keep the pips, no shame.

Quoting _BBKing_
thanks for replky guys
what i mean is better shown below

this is my typical working way
i have main chart on the right where switch to m30-h4
then left faster TF switch 1m-15m

this help easy to define entries at extremes helped by faster TF
for example i got long 5636 helped by m1 chart on the left showing divergence where h1 was hitting that dotted line.....
already closed for 25 pips

i do same thing for GU n EU but its impossible to switch from 1 pair to another, too much things imo.
so: or i buy a new monitor, or i trade only...
  • #290,756
  • Oct 18, 2011 12:18pm Oct 18, 2011 12:18pm
Quoting fontu
5706 gu & 3766 eu applying the limits used previously , watching if it actually work now.
fontu
Price just hit 38% and rebound. I think if we can get consolidation/dojis in this area, I think might be best to place long in the next 1 or 2 daily candles...

My preferred price to long is 5485-5565 area (50-68% of retracement area). Hopefully, it doesn't just get to 38% only..
Attached Image (click to enlarge)
Click to Enlarge Name: chart 1.gif Size: 31 KB
  • #290,757
  • Oct 18, 2011 12:21pm Oct 18, 2011 12:21pm
Quoting DubaiFX
Be careful it was false break out in GBP/USD and it may return soon as soon as Tuesday to 1.5660-80 level..

Just an advise,
What Day is Today ? Tuesday i think

well first target reached,
looking for a little more up to enter again for another 100 pips ride.
Don't compare your Trades with Others
  • #290,758
  • Oct 18, 2011 12:21pm Oct 18, 2011 12:21pm
ok my day ends here.
got my pips!

have a good asia for those who will trade it!
see tomorrow
90% of traders use TA, indicators and prediction
  • #290,759
  • Oct 18, 2011 12:24pm Oct 18, 2011 12:24pm
Quoting _BBKing_
what a great day!!!!!


let me a question please: how do you screen all those charts? do you also use more than 1monitor or do you with small charts?
just curiuos coz with my screen im unable to let more than 2 pairs opened and thinkin to add some..
i size the charts small and watch 12 charts on one monitor.


I am long cable from 1.5640
Long eur/usd from 1.3687 and 1.3713
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cable 15 min.gif Size: 23 KB
Click to Enlarge Name: eur 15 min.gif Size: 27 KB
  • #290,760
  • Oct 18, 2011 12:28pm Oct 18, 2011 12:28pm
Quoting _BBKing_
or i buy a new monitor, or i trade only 1pair ....
Buy more screens you will feel like flying the airbus a330.
more to see even a naked ones on the beach
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