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Cable Update (GBPUSD)

  • #292,061
  • Nov 8, 2011 6:03am Nov 8, 2011 6:03am
Quoting _BBKing_
is better i dont show anyone what i did 2hours ago
if im lucky now price goes to 6190
  • #292,062
  • Nov 8, 2011 6:13am Nov 8, 2011 6:13am
Quoting gsantri
its printed there mate, TimingCharts.com
it's cool - the random things you find on FF - was looking for this
  • #292,063
  • Nov 8, 2011 6:31am Nov 8, 2011 6:31am
Quoting chazzle
it's cool - the random things you find on FF - was looking for this
Actually I found it from here
  • #292,064
  • Nov 8, 2011 6:38am Nov 8, 2011 6:38am
6108-6138 on eyed
Quoting iqyu5an
this is what i see by combining your thought bro ...

we just predict time will tell ...
not euphoria follower
  • #292,065
  • Nov 8, 2011 7:42am Nov 8, 2011 7:42am
Quoting nAVIN2007
..
I will say one thing thou..not aimed at any1 but i do believe this vouching thing has become crazy i have seen so many people who have many of these vouches and am wondering..are people selling them? cause some people have so many and am wondering how the hell did that happen
..
Maybe we should refer to babypips.com/school

Above is one example, what Chazzle was looking for is a COT chart.
in babypips it is at 'Under Graduate level. Just 1 level toward graduation.
And that's pretty hard to achieve, took a looong screen time.
You can check which level for SR TL, macd, Fibonacci or Elliot Wave there.

But still can not guarantee you can make money after graduation.

Just a thought
  • #292,066
  • Nov 8, 2011 7:44am Nov 8, 2011 7:44am
Hi,

4hr/daily descending trend line at today's current Hi - gbpusd.


G/L
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ex member
  • #292,067
  • Nov 8, 2011 8:10am Nov 8, 2011 8:10am
Quoting gsantri
Maybe we should refer to babypips.com/school

Above is one example, what Chazzle was looking for is a COT chart.
in babypips it is at 'Under Graduate level. Just 1 level toward graduation.
And that's pretty hard to achieve, took a looong screen time.
You can check which level for SR TL, macd, Fibonacci or Elliot Wave there.

But still can not guarantee you can make money after graduation.

Just a thought
tell me about it

with those charts , I was initially more interested in looking at the strength of individual currencies as on my platform I only have the dollar basket - and even that only gives a few weeks data - but looking at the COT , definitely something interesting there - look at the commercials compared to " speculators " - they get in way early lol. GS - do you use COT analysis in your trading? How useful do you find it?
  • #292,068
  • Nov 8, 2011 8:49am Nov 8, 2011 8:49am
Quoting chazzle
tell me about it

with those charts , I was initially more interested in looking at the strength of individual currencies as on my platform I only have the dollar basket - and even that only gives a few weeks data - but looking at the COT , definitely something interesting there - look at the commercials compared to " speculators " - they get in way early lol. GS - do you use COT analysis in your trading? How useful do you find it?
Not for i/d or daily basis. am waiting for blue-green crosses and will go with green. Not interested by red.
COT is about market sentiment. on daily basis we can watch commodity currencies PA. such as GBPAUD and AUDJPY. Those pairs are bread and butter. Just see how they play.
.
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  • #292,069
  • Nov 8, 2011 8:56am Nov 8, 2011 8:56am
COT charts are tricky to use for trading since data is collected on a Tuesday and released on Friday. The commercials are always "wrong" since they are purely using the contracts as hedges against wild price moves. Large specs are usualy to slow into a move, and surprisingly the small specs are right more of the time- thats the general concensus of how to interpret the data. But only when positioning gets to extreme levels can you use them for identifying reversals
Haven't posted much on cable recently since its movements are ugly- you just have to hit and run on it. Last four weeks ranges from 260-360 pips so for me price in mid range so could go either way. Happy to sell around 1.6190 area on some headline spike. Till then just taking small bites until something appears.
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  • #292,070
  • Nov 8, 2011 9:01am Nov 8, 2011 9:01am
Quoting gsantri
blue-green crosses and will go with green. Not interested by red.
interesting , will keep an eye on it from time to time
  • #292,071
  • Nov 8, 2011 9:07am Nov 8, 2011 9:07am
Quoting Flatfish
But only when positioning gets to extreme levels can you use them for identifying reversals
Hi Flatfish - yes , I saw the " extreme " positioning ( commercials ) on the double bottom on that COT chart below , interesting stuff

About the categories of market players : I take it "commercials" are banks , large specs - hedge funds and small specs - retailers , something like that? - does that sound about right?
  • #292,072
  • Nov 8, 2011 9:13am Nov 8, 2011 9:13am
Commercials are large corporations/ miners hedging against fx and commodity moves. Large specs are the hedge funds et al and small specs are the guys we want to be.
  • #292,073
  • Nov 8, 2011 9:19am Nov 8, 2011 9:19am
Quoting Flatfish
Commercials are large corporations/ miners hedging against fx and commodity moves. Large specs are the hedge funds et al and small specs are the guys we want to be.
ok , thanks
  • #292,074
  • Nov 8, 2011 9:29am Nov 8, 2011 9:29am
Quoting Geene
Gold..buy, buy..and buy again.
Trader from Croatia
  • #292,075
  • Nov 8, 2011 9:58am Nov 8, 2011 9:58am
Quoting Flatfish
COT charts are tricky to use for trading since data is collected on a Tuesday and released on Friday. The commercials are always "wrong" since they are purely using the contracts as hedges against wild price moves. Large specs are usualy to slow into a move, and surprisingly the small specs are right more of the time- thats the general concensus of how to interpret the data. But only when positioning gets to extreme levels can you use them for identifying reversals..
I use it for mid-long term position and 'will go with green because it is more easily seen in the chart, due to its contract size.

But you've explained it very well. thank you
  • #292,076
  • Nov 8, 2011 10:08am Nov 8, 2011 10:08am
Quoting Geene
very good!
looks like you know very well gold and commodities
90% of traders use TA, indicators and prediction
  • #292,077
  • Nov 8, 2011 10:17am Nov 8, 2011 10:17am
Gu is making me nervous today!
im sure that if i close my long it will shoot up like a rocket.

is anybody still long on it?
90% of traders use TA, indicators and prediction
  • #292,078
  • Nov 8, 2011 10:19am Nov 8, 2011 10:19am
Quoting _BBKing_
Gu is making me nervous today!
im sure that if i close my long it will shoot up like a rocket.

is anybody still long on it?
i'm here..
Trader from Croatia
  • #292,079
  • Nov 8, 2011 10:27am Nov 8, 2011 10:27am
Quoting Geene
i'm here..
oh well
now we are in three: me, you, and navin!

lol

i took it a bit wrong @6083 ()
scaled out more than half near 6110

i feel like if goes into 61 area, 6083 will be a great sit....
90% of traders use TA, indicators and prediction
  • #292,080
  • Nov 8, 2011 10:29am Nov 8, 2011 10:29am
Quoting _BBKing_
Gu is making me nervous today!
im sure that if i close my long it will shoot up like a rocket.

is anybody still long on it?
i have the same experience and feeling with you, everytime when i hold my orders, they stay in range or against me, but when i closed them, they started to run on my way..
you guys are all selling GU.. It seems i am the only one who is thinking about to short it now.
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