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Cable Update (GBPUSD)

  • #296,461
  • Jan 3, 2012 10:12am Jan 3, 2012 10:12am
Quoting _BBKing_
good explanation about market liquidity thank you!
about broker's manipulation there is a whole library about imo! lol
my idea is that market is anyway manipulated on techs, but it is fundamentals which moves to breake levels.
actually im using fxpro, where i find good spreads and charts, also 1m charts looks clear. some other borker's m1 chart is totaly unreadable!

im trying to understand how to opne a free trial account in tradestation! lol
maybe i opened a real account!
this is my understanding:- technicals arent solid, nothing is..fundamentals playout but never in a time frame u play..takes ages to form..when u get to a stage where u can understand how technical can be manipulated and see the pit..u can then decide if it is worth the risk.

trading is all about risk valuation imho
most traders cannot see the pit because they see what they want to see
  • #296,462
  • Jan 3, 2012 10:16am Jan 3, 2012 10:16am
Quoting nAVIN2007
this is my understanding:- technicals arent solid, nothing is..fundamentals playout but never in a time frame u play..takes ages to form..when u get to a stage where u can understand how technical can be manipulated and see the pit..u can then decide if it is worth the risk.

trading is all about risk valuation imho
most traders cannot see the pit because they see what they want to see
well said!
90% of traders use TA, indicators and prediction
  • #296,463
  • Jan 3, 2012 10:17am Jan 3, 2012 10:17am
about cheating:
im working also with another platform since some weeks.
in fx pro i have positive swaps in my eur chf longs.
in the other i have negative swaps.

same position, opened same day and nearly same level (2155 and 2150)
wtf!
90% of traders use TA, indicators and prediction
  • #296,464
  • Jan 3, 2012 10:21am Jan 3, 2012 10:21am
Quoting nAVIN2007
but that is just it..how the hell they gonna know..?
i wont do it anyway incase they thief meh money

why u think i long term trade?

answer:- internet connection can finish me off!!

maybe this is why think dont like scalping
easy to find out, 99% of his trades will be around that same time frame, sunday open around the difffence between friday closed and sunday open when banks price feed lags
  • #296,465
  • Jan 3, 2012 10:21am Jan 3, 2012 10:21am
Quoting _BBKing_
well said!
euro has a chance
Attached Image (click to enlarge)
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  • #296,466
  • Jan 3, 2012 10:23am Jan 3, 2012 10:23am
any one got any technicls? this thing has rallied ridiculously for like the last 16 hours, any idea why? i have a feeling it gonna go down REAL quick soon just trying to find an entry position and reason to do so lol.
  • #296,467
  • Jan 3, 2012 10:23am Jan 3, 2012 10:23am
Quoting PoundTrader
easy to find out, 99% of his trades will be around that same time frame, sunday open around the difffence between friday closed and sunday open when banks price feed lags

that easy huh
  • #296,468
  • Edited 10:40am Jan 3, 2012 10:28am | Edited 10:40am
...upside breech of the descennding 4hr trend line exposes now the 5690 swing hi...immediately above current price:


[ 5655-75 5 fib cluster:
5655 38.2% 6128-5360
5657 85.4% 5708-5369
5668 38.2% 6165-5360
5671 85.4% 5725-5360
5674 76.4% 5774-5360
[ 5665-70 descending dly/4hr trend line on this present 4hr candle.
[ 5669-76-91 prev dly/4hr/1hr sw hi zone incl 5685 = 61.8% 5888-5360
5696-5707 prev 4hr sw hi zone incl 5704 = Weekly R1 @/around
5712-26 prev 4hr sw hi zone incl 5713 = 85.4% 5774-5360, and 5726-50% 6092-5360
5745 50% 6128-5360
5749-78 prev dly/4hr x 3 sw hi zone incl 5759= Monthly R1 @/around and 5762/63 = 76.4% 5888-5360/50% 6165-5360

G/L
ex member
  • #296,469
  • Jan 3, 2012 10:34am Jan 3, 2012 10:34am
Quoting spardaa12
any one got any technicls? this thing has rallied ridiculously for like the last 16 hours, any idea why? i have a feeling it gonna go down REAL quick soon just trying to find an entry position and reason to do so lol.

let it go and wait a reason or a pattern before go short/long
i was near to short it 5615..... i decided to wait!
90% of traders use TA, indicators and prediction
  • #296,470
  • Jan 3, 2012 10:37am Jan 3, 2012 10:37am
if EU and GU are following AU...
we can see soon 1.32 and 1.58!

(or more of course)
90% of traders use TA, indicators and prediction
  • #296,471
  • Jan 3, 2012 10:39am Jan 3, 2012 10:39am
Quoting bbmac
...upside breech of the descennding 4hr trend line exposes now the 5690 swing hi...immediately above current price:


[ 5655-75 5 fib cluster
[ 5665-70 descending dly/4hr trend line on this present 4hr candle.
[ 5669-76-91 prev dly/4hr/1hr sw hi zone incl 5685 = 61.8% 5888-5360
5696-5707 prev 4hr sw hi zone incl 5704 = Weekly R1 @/around
5712-26 prev 4hr sw hi zone incl 5713 = 85.4% 5774-5360, and 5726-50% 6092-5360
5745 50% 6128-5360
5749-78 prev dly/4hr x 3 sw hi zone incl 5759= Monthly R1 @/around and 5762/63 = 76.4% 5888-5360/50%...
WIth all due respect can someone give a lay explanation for what the hell is happening with the GU. Positive news out of US but a constant Bull move since Xmas !!!
  • #296,472
  • Jan 3, 2012 10:39am Jan 3, 2012 10:39am
if anyone interested.... important h1 candle closing in 20minutes in usd chf!
90% of traders use TA, indicators and prediction
  • #296,473
  • Jan 3, 2012 10:40am Jan 3, 2012 10:40am
Quoting GB_Trader
WIth all due respect can someone give a lay explanation for what the hell is happening with the GU. Positive news out of US but a constant Bull move since Xmas !!!

risk appetite imo
90% of traders use TA, indicators and prediction
  • #296,474
  • Jan 3, 2012 10:42am Jan 3, 2012 10:42am
Quoting _BBKing_
let it go and wait a reason or a pattern before go short/long
i was near to short it 5615..... i decided to wait!
yeah , once beyond expectation & something going wrong better wait till settle to see the picture for reevaluation , me too waiting long time .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #296,475
  • Edited 11:07am Jan 3, 2012 10:43am | Edited 11:07am
here's one last chart, then back to my holiday until next week.

it's so easy to get sucked back in... lol


good luck with your trades!
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  • #296,476
  • Jan 3, 2012 10:43am Jan 3, 2012 10:43am
I don't need to know why - I just trade it - trade what you see not what you think...it's going up ie there have been more buyers than sellers therefore what were/are the higher probability plays ? It's all I need to know.

G/L

Quoting GB_Trader
WIth all due respect can someone give a lay explanation for what the hell is happening with the GU. Positive news out of US but a constant Bull move since Xmas !!!
ex member
  • #296,477
  • Jan 3, 2012 10:45am Jan 3, 2012 10:45am
Quoting bbmac
I don't need to know why - I just trade it - trade what you see not what you think...it's going up ie there have been more buyers than sellers therefore what were/are the higher probability plays ? It's all I need to know.

G/L
u right as usual
  • #296,478
  • Jan 3, 2012 10:50am Jan 3, 2012 10:50am
me too leaving for some relaxing...

good luck you all
90% of traders use TA, indicators and prediction
  • #296,479
  • Jan 3, 2012 10:51am Jan 3, 2012 10:51am
Quoting _BBKing_
risk appetite imo
Thanks remembering this , not checked that uj chart today , serious concern was there before & long time , diamond .
76.48/28 or 75.55 reaction low specially decide.may be one serious cause effects .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: usd5.gif Size: 21 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #296,480
  • Jan 3, 2012 10:52am Jan 3, 2012 10:52am
current near-term 4hr chart below, Daily also shows the trend line source being challenged at today's current hi.

G/L
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: z1.jpg Size: 121 KB
ex member
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