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Cable Update (GBPUSD)

  • #290,761
  • Oct 18, 2011 12:29pm Oct 18, 2011 12:29pm
took profits on cable and euro/usd.

still long on the jpy pairs for now, as risk appetite returned.
  • #290,762
  • Oct 18, 2011 12:30pm Oct 18, 2011 12:30pm
i use 3 pc's usually but 2 of them need reformat for now.
  • #290,763
  • Oct 18, 2011 12:32pm Oct 18, 2011 12:32pm
Quoting A-speculator
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..
at the moment EU is taking the lead. The daily LTL held and we've moved up to yesterday's open. This was a very deep hunt, but right on target for the EU support test/ PB area as well. (similar little doji, black circle, but this one was the lead)

easy Ps

trade well
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  • #290,764
  • Oct 18, 2011 12:33pm Oct 18, 2011 12:33pm
Kang GS,

just PM u .....

Quoting gsantri
Buy more screens you will feel like flying the airbus a330.
more to see even a naked ones on the beach
not euphoria follower
  • #290,765
  • Oct 18, 2011 12:34pm Oct 18, 2011 12:34pm
i use only 2 strategies.
Risk on or risk off.


Market Sentiment dictates which direction currencies move.

If you trade against strong sentiment, you lose.
  • #290,766
  • Oct 18, 2011 12:36pm Oct 18, 2011 12:36pm
Quoting ovaforty
i use only 2 strategies.
Risk on or risk off.


Market Sentiment dictates which direction currencies move.

If you trade against strong sentiment, you lose.
Care to elaborate more on how you analyze risk on/off? thanks.
  • #290,767
  • Oct 18, 2011 12:38pm Oct 18, 2011 12:38pm
Quoting ovaforty
i use only 2 strategies.
Risk on or risk off.


Market Sentiment dictates which direction currencies move.

If you trade against strong sentiment, you lose.

yes and no

if you understand that price needs to go somewhere, then sentiment will always fall into line behind necessity.

moods are easily manipulated.
  • #290,768
  • Oct 18, 2011 12:42pm Oct 18, 2011 12:42pm
Quoting DubaiFX
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.
what day got to do with trading, mate? are you one of the Gann's subordinates? Analyzing from the astrological factors?
  • #290,769
  • Oct 18, 2011 12:42pm Oct 18, 2011 12:42pm
Quoting A-speculator
Care to elaborate more on how you analyze risk on/off? thanks.
I monitor oil, gold, commodites, news releases, etc.

The cad pairs and the aud pairs reflect commodities.

the gbp/aud, eur/aud, and yen pairs reflect risk appetite.

My website has Bloomberg tv live, and i watch cnbc.

my broker has news feeds.

I knew before the fact that market sentiment had reversed from the cross currency pairs. They move first, the majors follow, usually.
  • #290,770
  • Oct 18, 2011 12:45pm Oct 18, 2011 12:45pm
Quoting ovaforty
I monitor oil, gold, commodites, news releases, etc.

The cad pairs and the aud pairs reflect commodities.

the gbp/aud, eur/aud, and yen pairs reflect risk appetite.

My website has Bloomberg tv live, and i watch cnbc.

my broker has news feeds.

I knew before the fact that market sentiment had reversed from the cross currency pairs. They move first, the majors follow, usually.
Interesting analysis method mate, nanti aku try tgk cara ko suit x ngan method aku..

Anyway, thanks mate.
  • #290,771
  • Oct 18, 2011 12:48pm Oct 18, 2011 12:48pm
I also know the daily and weekly patterns that are reasonably reliable.

I have been charting currencies over a decade.

There are trade-able retraces that occur routinely.
  • #290,772
  • Oct 18, 2011 12:51pm Oct 18, 2011 12:51pm
Quoting Fudomyo
yes and no

if you understand that price needs to go somewhere, then sentiment will always fall into line behind necessity.

moods are easily manipulated.
well said
  • #290,773
  • Oct 18, 2011 12:54pm Oct 18, 2011 12:54pm
Quoting A-speculator
what day got to do with trading, mate? are you one of the Gann's subordinates? Analyzing from the astrological factors?
Don't knock Gann. Not many people get their picture hung on the trading floor of the NYSE. The market respects him for a reason.

What flakey people do with Gann theory is another story. Without Gann there wouldn't have been a Hurst, without Hurst, there wouldn't have been algo trading, without algo trading, I'd probably be living in a shed.

rofl
  • #290,774
  • Oct 18, 2011 12:56pm Oct 18, 2011 12:56pm
Quoting Fudomyo
Don't knock Gann. Not many people get their picture hung on the trading floor of the NYSE. The market respects him for a reason.

What flakey people do with Gann theory is another story. Without Gann there wouldn't have been a Hurst, without a Hurst, there wouldn't have been algo trading, without algo trading, I'd probably be living in a shed.

rofl
well said
  • #290,775
  • Oct 18, 2011 1:01pm Oct 18, 2011 1:01pm
Quoting _BBKing_
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
Hello Brother target reached and looking for 1.5420 for next medium term target,
first will be 5560-80 and one more thing
it may retrace to 1.5750 we may get more also but to me that is where i will add more lots
thank you...

i am Going with GBPCAD too nive 130 pips i got. from there too
but be aware of any spike up move it can happen but GBPUSD is bearish to me . who know after what will happen but for now i am bearish in GBPUSD and GBPCAD GBPCAD target is 1.56
i am sorry but it is GBP pair so i though i should discuss here
Don't compare your Trades with Others
  • #290,776
  • Oct 18, 2011 1:03pm Oct 18, 2011 1:03pm
Quoting Fudomyo
Don't knock Gann. Not many people get their picture hung on the trading floor of the NYSE. The market respects him for a reason.

What flakey people do with Gann theory is another story. Without Gann there wouldn't have been a Hurst, without Hurst, there wouldn't have been algo trading, without algo trading, I'd probably be living in a shed.

rofl
Nope, I like gann. I am one of the peoples that study his methodology. I just simply asking that guy what day got to do with his method of trading, coz it seems unconnected with his posting.

Gann is the most sophisticated trading method yet quite a lot of the theory is actually right. I believe the impact on astrology to us, human being for one..
  • #290,777
  • Oct 18, 2011 1:06pm Oct 18, 2011 1:06pm
let see how daily candle close first ( my imho )

mine

Quoting DubaiFX
Hello Brother target reached and looking for 1.5420 for next medium term target,
first will be 5560-80 and one more thing
it may retrace to 1.5750 we may get more also but to me that is where i will add more lots
thank you...

i am Going with GBPCAD too nive 130 pips i got. from there too
but be aware of any spike up move it can happen but GBPUSD is bearish to me . who know after what will happen but for now i am bearish in GBPUSD and GBPCAD GBPCAD target is 1.56
i am sorry but it is GBP pair so i though i should discuss here
not euphoria follower
  • #290,778
  • Oct 18, 2011 1:20pm Oct 18, 2011 1:20pm
Quoting A-speculator
Nope, I like gann. I am one of the peoples that study his methodology. I just simple asking that guy what day got to do with his method of trading, coz it seems unconnected with his posting.

Gann is simple the most sophisticated trading method yet quite a lot of the theory is actually right. I believe the impact on astrology to us, human being for one..
Yeah, I know what you mean.

Gann is like the Tesla or Van Gogh of trading.

He spent his entire life trying to to quantify human emotion. It was a seemingly impossible task, because human emotion is so rich, varied, and irrational that so far, it can't be broken into a mathematical equation.

But because he chose something so difficult, it pushed him to develop mathematical theories that no one considered before him.

In a way we're very lucky we're so unpredictable. If someone had the formula to create fear or greed, we'd be completely screwed.

oh wait.... marketing does that.

shit, we're screwed.

  • #290,779
  • Oct 18, 2011 1:25pm Oct 18, 2011 1:25pm
Quoting Fudomyo
yeah, I know what you mean.

Gann is like the Tesla or Van Gogh of trading.

He spent his entire life trying to to quantify human emotion. It was a seemingly impossible task, because human emotion is so rich, varied, and irrational that so far it can't be broken into a mathematical equation.

But the interesting thing that happened along the way was, because he chose such a hard task, it pushed him to develop mathematical theories that no one considered before him.

In a way we're very lucky we're so unpredictable. If someone had the formula...
Lol.

We may not create the formula for fear or greed for 1 person but as a whole, we can quantify it in the cycle which gann and hurst said in their theory..

Afterall, we human being is so predictable when it comes to greed and fear (as a whole), don't you think?
  • #290,780
  • Oct 18, 2011 1:31pm Oct 18, 2011 1:31pm
Gold has made a strong move up on risk appetite Sentiment after forming a double bottom at 1625.
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