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Cable Update (GBPUSD)

Quoting bbakker
No need for apologies, as you have already explained. It is not my problem if you do not post all the relevant information. I only spotted it through pure chance.

You really are at the beginning of the trading road with a very long way ahead of you. My advice is to throw away all the indicators and just look at one single indicator that tells you exactly what is going on. That indicator is called price.

You will find plenty of threads on FF that discuss price action trading.

Good luck!


Quoting smikester
Thanks. Just before the London open, then? May I suggest that your strategy looks carefully at the London open in relation to the price at 00:01am GMT, ie 8 hours before the London open? If you were to study this in conjunction with the range (ie Asia) between these times I think you might not have chosen a short. Just a suggestion.
if you wouldn't mind could you recommend me link to read sir
thanks before
how is everyone doin in here? great new year huh...last year rumours said 21december 2012 will be the end of world...but today i heard rumours again saying : if the mexican didn't wipe off the mayan's historical documents, the mayans would have contributed a longer calander...
LOL what the heck!
I trade to live
Quoting UbuFamily
how is everyone doin in here? great new year huh...last year rumours said 21december 2012 will be the end of world...but today i heard rumours again saying : if the mexican didn't wipe off the mayan's historical documents, the mayans would have contributed a longer calander...
LOL what the heck!
Hmmm... Maybe Christmas day then???
Come with me if you want to live....
Quoting Ill-b-back
Hmmm... Maybe Christmas day then???
if it were to be on christmas day, then everybody on earth will get a huge present from huge santa clause..
I trade to live
is that u bro? i saw chubby baby
I trade to live
  • #296,586
  • Quote
  • Edited 12:41am Jan 4, 2012 12:07am | Edited 12:41am
Quoting fontu
Referring to usdx M1 chart for possible support it is about to get , breaking up limits for bear there means going up , reverse for now at least & if so gu down . anyway playing nicely for it so far & can hope got the support but who knows extension /channels or any pattern still remain as chance , so breaks last limit 79.65 can leave it , as gu short there waiting break 5636 & next 23 for leaving trade be for over 5567 next /day tp .and go sleep for now .
fontu

update 79.64 hit & 1 more pips to break , next ranging ok in breaking 79.67 & 83 but...
Morning to all , first wanted to see usdxhold the support or not , yes ok so far, may range some before the action also ok , gu not broken 5621 level for more down overnight & so may do top ranging again like down one likely in usdx & top one in eu just checked . so let eu,gu to try bull if can continue by any means or force menuever without correction in fear ! every crazies do before tanking though.
No trend changing or further turmoil views/fear only after breaks 5566.at least now , if really want go bottom and back in regular pa .

gu chart remain as such, short active still but will close soon if not breaking 21 soon for now & eu
http://www.forexfactory.com/showthre...26#post5265726
fontu
Note : QQE in gu remain sharpy crossed 50 in weekly & Monthly for long time for long time action still , may be years.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
Quoting UbuFamily
is that u bro? i saw chubby baby
Yea of course, I'm the good looking one on the left
Come with me if you want to live....
The extent of my bullish view for today.
Break of 5670 tp 5730
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Come with me if you want to live....
rising star after consolidating in the Asian market
Watch the hot dog shake out, UP- DOWN-UP
Come with me if you want to live....
Quoting Ill-b-back
Watch the hot dog shake out, UP- DOWN-UP
shake it up and twisted all around
Quoting zarach
if you wouldn't mind could you recommend me link to read sir
thanks before
It's easy to think you know what you're doing and then blow up. Luck is cruel. Read my post again. Read PeterFM's thread in the rookie section. Don't trade outside London and New York. Don't trade late New York. Don't trade against the H4 or D1 trend. If you don't see a trend, don't trade. Cut losing trades. Trade on demo until you know your expectancy. Read this: http://www.forexfactory.com/showthread.php?t=86429 and this: http://www.forexfactory.com/showthread.php?t=230888. Put in a few thousand hours of screen time.. You're welcome.
Gone to a better place
  • #296,593
  • Quote
  • Edited 2:49am Jan 4, 2012 2:28am | Edited 2:49am
Quoting dremstar
rising star after consolidating in the Asian market
ok , but after combined Asia & Europe & rest of the world done the consolidation,it can be the raising shiny star of the day . still to ripe ! lets see how far , limits not broken yet any , gu,eu or au .top ranging only spike master gu even if beyond top now towards 5691 + without making that much sense, will wait for good opportunity next .
fontu
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
Ha, ha, seriously bro, just pull the trigger while at your screen it's easy just kidding mate (sort of)
Come with me if you want to live....
Quoting Ill-b-back
Ha, ha, seriously bro, just pull the trigger while at your screen it's easy just kidding mate (sort of)
now i see why you might be a little confuse, im not home this whole week, trading system is on my desktop at the crib, so even if i wanted to trade i can't.
G/M

Pullback from yesterday's 5669 Hi sees a pullback lo of 5626 and another challenge on the previous minor 4hr/1hr swing hi zone created by that hi, in early London trading....supply encountered there.

Immediately @/above that hi:

5655-60 descending dly/4hr trend line on this present 4hr candle.
[ 5664-69 prev minor 1hr sw hi zone
[ 5668-74 3 fib cluster: (5668 38.2% 6165-5360, 5671 85.4% 5725-5360, 5674 76.4% 5774-5360)

[ 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
5708 Daily 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 and 5771 = Daily R2 @/around
　
To the immediate downside per current near-term 1hr screenshoit below;

G/L
　
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ex member
Quoting Crazy_Guy_Fx
execuse me, can i joint this forum?
i just jointed ff yesterday...
i am an indonesian trader...
i only analyze GBPUSD...

http://postimage.org/image/ojkvjyryn/
ma daily just out of sd+1 bb weekly, that means weekly on the trending condition, so i'll try to find buy position on lower bb 8h or lower bb daily....
cmiiw...


regard
cg
Hi mate,another Kgers
Quoting bbakker
6 unnecessary pips! You were focusing on the huge R/R ratio earlier as per your post here -



Focus more on the actual trade, and less on the profit, pips or R/R targets. Don't get me wrong, targets are important, but one also needs to be flexible, look at the bigger picture and follow price. Easier said than done, granted, and can take years of practice.

It's like learning to play the piano. Everybody can play a couple of notes, but in order to become the best concert pianest, it takes years of practice and dedication. There are no...
what you say here is one of best things you could say and one of more difficult things to do in trading!!

only recently i found myself interested only in pips stoploss etc and worked to change this. yesterday's 6pips loss was a stupid loss, but how many times we see price in a resistance and short to see price going 10 pips with us then push violently up? anyway i admit it was a stupid trade, since was so clear to me the move to 5627!

about focusing more in the trade than in the p/l i hope i will do it right during this 2012 quarter.... sometimes i feel like this:
"i know whole picture, i understand price action, i see a good level for an entry, i know that price can go for around 200 pips profits..... but damn i dont pick the trade because im scared about the 60-80 pips stop loss required for it!! or else i take it and then close it for few pips!"

actually im holding since 1 week or so a long in eur chf to target above 1.24. was since 1year i didnt something like this, very hard to do!!!

trading is purely psycological! only a VERY dynamic mind can be succesful in trading imo! thank you for your advice my mentor!

p.s. the move from 5627 happened while i was sleeping. i didnt buy limit. left some 40 pips on the table....................
90% of traders use TA, indicators and prediction
Quoting PoundTrader
now i see why you might be a little confuse, im not home this whole week, trading system is on my desktop at the crib, so even if i wanted to trade i can't.
Aaaahhh, sorry, I thought since you updated your trade details here yesterday, you must have been at your computer looking for a buy signal maybe this coming hourly bar.
Come with me if you want to live....
test on yesterday's hi/38.2% 6165-5360 sees breech of the steepest 1hr asc t/line...price falls to a prev 1hr sw hi zone (prev res)....will this act as support ?

G/L
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