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Cable Update (GBPUSD)

  • #290,781
  • Oct 18, 2011 11:38am Oct 18, 2011 11:38am
Quoting ovaforty
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.
oh well i was near to ask you about what you say here.
thanks for your previous reply also

i like a lot your trading way, looks so simple and same time so elaborate.
also many other people here, while mine looks bit too much elaborate.
i still have a lot to learn on markets :nerd:
90% of traders use TA, indicators and prediction
  • #290,782
  • Oct 18, 2011 11:44am Oct 18, 2011 11:44am
Quoting iqyu5an
let see how daily candle close first ( my imho )

mine
i just read now, interesting!
90% of traders use TA, indicators and prediction
  • #290,783
  • Oct 18, 2011 11:51am Oct 18, 2011 11:51am
Quoting Fudomyo
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

wow! amazing. no gaps there

well guys took some time to read. i go back and get a rest.... bybye
90% of traders use TA, indicators and prediction
  • #290,784
  • Oct 18, 2011 11:55am Oct 18, 2011 11:55am
Quoting _BBKing_
oh well i was near to ask you about what you say here.
thanks for your previous reply also

i like a lot your trading way, looks so simple and same time so elaborate.
also many other people here, while mine looks bit too much elaborate.
i still have a lot to learn on markets :nerd:
there is a fine line between genius and insanity. I walk that line.
I was blessed with a Mensa IQ, and am able to see patterns that others miss.

After the complicated set up of my charts, it is fairly simple after that.
Know the trend of a pair, know market sentiment, look for pull backs to enter a trend.
know reversal candle formations.
  • #290,785
  • Oct 18, 2011 11:59am Oct 18, 2011 11:59am
Quoting Fudomyo
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

ahhhh good point. Yes that is something I have no control over. It is either there or it is not there......on or off switch. I prefer it to be there.

Sorry for my misunderstanding.
I don't trust any move - when you have profit...take it.
  • #290,786
  • Edited 12:45pm Oct 18, 2011 12:04pm | Edited 12:45pm
Trend is up today on risk appetite.

Knowing this, I just look to enter on pull backs today.
Attached Image(s) (click to enlarge)
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  • #290,787
  • Oct 18, 2011 12:09pm Oct 18, 2011 12:09pm
Quoting Faller
ahhhh good point. Yes that is something I have no control over. It is either there or it is not there......on or off switch. I prefer it to be there.

Sorry for my misunderstanding.
No worries mate. if you prefer it, it's cool.


I'd like to see your thoughts more clearly. You seem to have some very good insights on the market.
  • #290,788
  • Oct 18, 2011 12:10pm Oct 18, 2011 12:10pm
Risk appetite dictates getting long aud,nzd, and cad.
Attached Image (click to enlarge)
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  • #290,789
  • Oct 18, 2011 12:13pm Oct 18, 2011 12:13pm
Quoting Fudomyo
this is the downside test here.

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

rofl
  • #290,790
  • Oct 18, 2011 12:16pm Oct 18, 2011 12:16pm
Risk is on today.
Risk appetite dictates long jpy pairs.

Nice pips again today.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eur jpy hourly.gif Size: 26 KB
Click to Enlarge Name: cad jpy hourly.gif Size: 25 KB
Click to Enlarge Name: nzd jpy hourly.gif Size: 25 KB
  • #290,791
  • Oct 18, 2011 12:17pm Oct 18, 2011 12:17pm
News release....

France and Germany announced some kind of agreement.


bullish, buy dips
  • #290,792
  • Oct 18, 2011 12:19pm Oct 18, 2011 12:19pm
Quoting ovaforty
News release....

France and Germany announced some kind of agreement.


bullish, buy dips
out here..

we see what's next, but it looks like NY's finished for the day.
  • #290,793
  • Oct 18, 2011 12:25pm Oct 18, 2011 12:25pm
Quoting ovaforty
News release....

France and Germany announced some kind of agreement.


bullish, buy dips
I'm not really sure of bullish just yet mate, i'm placing a sell limit @ 5775..
  • #290,794
  • Oct 18, 2011 12:26pm Oct 18, 2011 12:26pm
Quoting Fudomyo
out here..

we see what's next, but it looks like NY's finished for the day.
I took partial profits just now. leaving some remnants to run.

Profit taking the last hour of u.s. is expected.

After the asian squeeze, look to enter again.
  • #290,795
  • Oct 18, 2011 12:27pm Oct 18, 2011 12:27pm
Quoting A-speculator
I'm not really sure of bullish just yet mate, i'm placing a sell limit @ 5775..
Good move.
Profit taking will get you some short pips here.
pull back coming.
  • #290,796
  • Oct 18, 2011 12:33pm Oct 18, 2011 12:33pm
News release was from the Guardian article. It was France and England that have the agreement to finance the european situation.

Kneejerk reaction was quite bullish.
  • #290,797
  • Edited 12:45pm Oct 18, 2011 12:37pm | Edited 12:45pm
Quoting ovaforty
I took partial profits just now. leaving some remnants to run.

Profit taking the last hour of u.s. is expected.

After the asian squeeze, look to enter again.
I don't know mate, looking at the PA, I think 38% of retracement wouldn't be enough for the price the gain momentum to break the topside. I think it somehow will retrace to 50% @ ~5555-5575 area.

From the yesterday and the day before yesterday of daily close, I don't think we had enough candles to justify the price to change direction just yet.

Perhaps, i'm too old compared to the young traders nowadays who trade for every waves.
  • #290,798
  • Oct 18, 2011 12:37pm Oct 18, 2011 12:37pm
i closed all positions except one short eur/aud which has a b/e stop loss.
  • #290,799
  • Oct 18, 2011 12:41pm Oct 18, 2011 12:41pm
Quoting A-speculator
I don't know mate, looking at the PA, I think 38% of retracement wouldn't be enough for the price the gain momentum to break the topside. I think it somehow will retrace to 50% @ ~5555-5575 area.

From the yesterday and the day after yesterday of daily close, I don't think we had enough candles to justify the price to change direction just yet.

Perhaps, i'm too old compared to the young traders nowadays who trade for every waves.
I am old. I will be 60 yrs old in feb.

pull back time. you are correct.
  • #290,800
  • Oct 18, 2011 12:43pm Oct 18, 2011 12:43pm
judging by the time right now, i think the price will not move a lot and i think by asian session, 5775-5800 will be revisited again.

Alright guys, getting late here.

Later..
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