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Cable Update (GBPUSD)

  • #298,521
  • Jan 18, 2012 3:37pm Jan 18, 2012 3:37pm
Quoting Ill-b-back
It sure does, GU is in no where land right now though so only trading off strong levels. Practicing patience as I need to preserve money to pay for this concrete cancer in our apartment
Uh oh, just realised something. It wasn't me that asked PT for money the other day. I can pay for my own concrete cancer treatment
Come with me if you want to live....
  • #298,522
  • Jan 18, 2012 3:45pm Jan 18, 2012 3:45pm
Quoting nAVIN2007
huh?
Just some dampness/rotting in our building structure. Really sucks as it is really expensive to treat. Will have to empty my account to pay for it unfortunately. Good time to change brokers actually as mine sucks. A bit like throwing out old stuff when you move I guess.
Come with me if you want to live....
  • #298,523
  • Jan 18, 2012 3:46pm Jan 18, 2012 3:46pm
Not sure if it is me or what but someone is messing with my family picture today? Makes me suspicious
Come with me if you want to live....
  • #298,524
  • Jan 18, 2012 3:50pm Jan 18, 2012 3:50pm
Quoting Faller
Hello Nav.....

Here is a good reason that USD could drop....but the charts already say it....look at the daily USDX....rolling over. But here is the news.....

House of Representatives has votes for symbolic disapproval of debt-limit increase
Ha, sounds like the ushering in of a new world currency order to me. You new about all this 3 months ago didn't you nAV you sly dog
Come with me if you want to live....
  • #298,525
  • Jan 18, 2012 4:08pm Jan 18, 2012 4:08pm
I will stay out of long in GU for the time being.

There is alot of resistance at the 1.5460 level. If there is a break above that we could see 1.5500 level. But I will look to reenter a short position in the near future. If the charts signal a good entry. There is still alot of fear in the market due to Euro Zone problems.
  • #298,526
  • Jan 18, 2012 4:10pm Jan 18, 2012 4:10pm
yes im short at 1.5437 t/p at 1.5360
  • #298,527
  • Jan 18, 2012 4:50pm Jan 18, 2012 4:50pm
Quoting PoundTrader
yes im short at 1.5437 t/p at 1.5360

5360 again?
i was thinking a slow down move to 5390 max max
90% of traders use TA, indicators and prediction
  • #298,528
  • Jan 18, 2012 4:55pm Jan 18, 2012 4:55pm
Quoting adianto
Attachment

Intraday Pivot: 1.53569

Short Level: 1.53460
Intraday S1: 1.53283
Yesterday Low: 1.53106
Short Target 1: 1.52791
Short Target 2: 1.52597

Long Level: 1.53678
Intraday R1: 1.53855
Yesterday High: 1.54032
Long Target 1: 1.54347
Long Target 2: 1.54541
Long Target 1: 1.54347 Touched...
  • #298,529
  • Edited 4:57pm Jan 18, 2012 4:56pm | Edited 4:57pm
Quoting nAVIN2007
well i have to say usd looks like it will fall..its in the charts
euro also look like it will take off..just needs to make a new high tomorrow i reckon it will fly..
i would like to see EU near 1.29 tomorrow during NY for 2 reasons:
1.it would give another full confirm in my recent trading method!
2. could be a very good place to short near 1.2910-2900-2930 for some 80 to 250 pips
90% of traders use TA, indicators and prediction
  • #298,530
  • Edited 5:30pm Jan 18, 2012 5:16pm | Edited 5:30pm
Attached Image (click to enlarge)
Click to Enlarge Name: gu range.gif Size: 20 KB

Intraday Pivot: 1.53836

Short Level: 1.53701
Intraday S1: 1.53482
Yesterday Low: 1.53263
Short Target 1: 1.52873
Short Target 2: 1.52633

Long Level: 1.53971
Intraday R1: 1.54190
Yesterday High: 1.54409
Long Target 1: 1.54799
Long Target 2: 1.55039

Note: Apply These Levels with your own forex system.
  • #298,531
  • Jan 18, 2012 5:28pm Jan 18, 2012 5:28pm
Quoting _BBKing_
i would like to see EU near 1.29 tomorrow during NY for 2 reasons:
1.it would give another full confirm in my recent trading method!
2. could be a very good place to short near 1.2910-2900-2930 for some 80 to 250 pips
Don't usually trade this one but looks like a great set up
Come with me if you want to live....
  • #298,532
  • Jan 18, 2012 5:32pm Jan 18, 2012 5:32pm
Quoting _BBKing_
i would like to see EU near 1.29 tomorrow during NY for 2 reasons:
1.it would give another full confirm in my recent trading method!
2. could be a very good place to short near 1.2910-2900-2930 for some 80 to 250 pips
mmh I agree with you pal, it's time to move up now for EU & GU ..
  • #298,533
  • Jan 18, 2012 5:36pm Jan 18, 2012 5:36pm
Quoting adianto
Attachment
Intraday Pivot: 1.53836

Short Level: 1.53701
Intraday S1: 1.53482
Yesterday Low: 1.53263
Short Target 1: 1.52873
Short Target 2: 1.52633

Long Level: 1.53971
Intraday R1: 1.54190
Yesterday High: 1.54409
Long Target 1: 1.54799
Long Target 2: 1.55039

Note: Apply These Levels with your own forex system.
hello,
well done with that short to 5430!
but sorry, i dont understand a thing: in a market like today when price went so many times both 5346 and 5367 up down up down in range 5345 5380, what happened to shorts opened 5347 when price went 5380?
and then, what happened at the longs opened 5367 when price crashed fast to 5340 again?

i ask you because today was a particular day and not easy to stay in only one direction. maybe scalping m5 or m15 chart was better......
90% of traders use TA, indicators and prediction
  • #298,534
  • Jan 18, 2012 5:40pm Jan 18, 2012 5:40pm
@illbeback
@hnxs99

about EU yes i have a shorting plan if goes 2920-30 tomorrow but actually im out of it coz it could be bit risky. it is building price out of downtrend channel, so can give some "fake" spikes and then reverse!

this happens mostly in GU but also EU is not to consider "easy go"

90% of traders use TA, indicators and prediction
  • #298,535
  • Jan 18, 2012 5:42pm Jan 18, 2012 5:42pm
Quoting Ill-b-back
Hey dude, I may have misunderstood you. Are you still in short from your post yesterday and looking to break even with a 50 pip drop, or is this a new short just looking for 50pips profit?

both, 2 seperate trades both needing to go down, im actually dangerously close to wiping my account out (maybe 70 pips north and i will be done).

Not a good feeling!
Money never sleeps...
  • #298,536
  • Jan 18, 2012 5:54pm Jan 18, 2012 5:54pm
Quoting inpatient
both, 2 seperate trades both needing to go down, im actually dangerously close to wiping my account out (maybe 70 pips north and i will be done).

Not a good feeling!
When you OVER trade, both by taking too many positions, and by taking too large of a position(s), then your trading days will soon be OVER also.

Would you like some guidance with money management?

It takes a lot for me to IGNORE you, but you can try.
  • #298,537
  • Jan 18, 2012 5:55pm Jan 18, 2012 5:55pm
Quoting inpatient
both, 2 seperate trades both needing to go down, im actually dangerously close to wiping my account out (maybe 70 pips north and i will be done).

Not a good feeling!
I have done this twice by holding losses and adding to a losing position. Am developing a more business mindset of cutting losses short, accepting them and moving on. I hope it drops for you. Would think of getting out at BE if possible as it seems to want to climb to the 4hr 200ema IMO
Come with me if you want to live....
  • #298,538
  • Jan 18, 2012 5:56pm Jan 18, 2012 5:56pm
Quoting _BBKing_
hello,
well done with that short to 5430!
but sorry, i dont understand a thing: in a market like today when price went so many times both 5346 and 5367 up down up down in range 5345 5380, what happened to shorts opened 5347 when price went 5380?
and then, what happened at the longs opened 5367 when price crashed fast to 5340 again?

i ask you because today was a particular day and not easy to stay in only one direction. maybe scalping m5 or m15 chart was better......
Thanks BBking...

You can apply those levels and use your own system/method to determine the entry signals. Those levels are market psychological levels based on the previous day range, intended for intraday trading. The Long and short levels are long and short areas, not long and short signals.
  • #298,539
  • Jan 18, 2012 5:57pm Jan 18, 2012 5:57pm
Quoting _BBKing_
@illbeback
@hnxs99

about EU yes i have a shorting plan if goes 2920-30 tomorrow but actually im out of it coz it could be bit risky. it is building price out of downtrend channel, so can give some "fake" spikes and then reverse!

this happens mostly in GU but also EU is not to consider "easy go"

Yes I def see that on GU
Come with me if you want to live....
  • #298,540
  • Jan 18, 2012 6:00pm Jan 18, 2012 6:00pm
Quoting adianto
Thanks BBking...

You can apply those levels with your own system/method to determine the entry signals. Those levels are market psychological levels based on the previous day range, intended for intraday trading. The Long and short levels are long and short area, not a long and short signals.

ah ok!
now its clear!
oh well! thank you! and sorry i totaly misunderstood!
90% of traders use TA, indicators and prediction
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