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Cable Update (GBPUSD)

  • #299,461
  • Jan 29, 2012 11:30pm Jan 29, 2012 11:30pm
5700 breaks to correct the whole bull leg from 5640 to top may try up if bull in shortcut time & move , 5665, 5647/2 may stop then but if breaks 40 to correct the whole up , ist leg as correction of 5532 to top & next 5223 to top .
lets see if the bull able stay or not at top .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #299,462
  • Jan 29, 2012 11:36pm Jan 29, 2012 11:36pm
Quoting UbuFamily
hai fellow traders, the EU are having their summit today...do you guys know any " online media " which reports it in " live "?

i need to get an immediate reports directly from brussel...anyone knows?
CNBC
  • #299,463
  • Jan 29, 2012 11:59pm Jan 29, 2012 11:59pm
already be+1
TP around 5663,5637
or close manually depend on price movement
Attached Image (click to enlarge)
Click to Enlarge Name: gu m15.jpg Size: 147 KB
  • #299,464
  • Jan 30, 2012 1:26am Jan 30, 2012 1:26am
Quoting gsantri
CNBC

thanks bro
I trade to live
  • #299,465
  • Jan 30, 2012 1:45am Jan 30, 2012 1:45am
Took Long at .5669 ... 1hr bounced off 100sma and trendline, 4hr candle bouncing off Weekly pivot & trendline. 30min candle showing Bullish engulfing..

Anyone else?
  • #299,466
  • Jan 30, 2012 2:46am Jan 30, 2012 2:46am
Quoting mintfx
downtrend will continue on GU throughout the night and will reach 665-680 by 8AM GMT. Strong sell signal > 1 minute chart 50 MA crossed below 200 MA.

Bang on the money
  • #299,467
  • Jan 30, 2012 2:53am Jan 30, 2012 2:53am
Quoting mintfx
Bang on the money
Yep, straight into my account
Come with me if you want to live....
  • #299,468
  • Jan 30, 2012 3:08am Jan 30, 2012 3:08am
Quoting Ill-b-back
Yep, straight into my account
  • #299,469
  • Jan 30, 2012 4:27am Jan 30, 2012 4:27am
Quoting mintfx
downtrend will continue on GU throughout the night and will reach 665-680 by 8AM GMT. Strong sell signal > 1 minute chart 50 MA crossed below 200 MA.
that setup in m1 i used for months and still using very similar:
be careful mostly at week openings when price can simply range 40pis and cross emas 2-3 times in few hours.
90% of traders use TA, indicators and prediction
  • #299,470
  • Jan 30, 2012 4:39am Jan 30, 2012 4:39am
Quoting _BBKing_
that setup in m1 i used for months and still using very similar:
be careful mostly at week openings when price can simply range 40pis and cross emas 2-3 times in few hours.
what is your stayegy when crossover gives false signal, and what is ur mm stratefy i.e tp/sl. do u use any other indicators to filter the trades?
  • #299,471
  • Jan 30, 2012 5:55am Jan 30, 2012 5:55am
Quoting mintfx
downtrend will continue on GU throughout the night and will reach 665-680 by 8AM GMT. Strong sell signal > 1 minute chart 50 MA crossed below 200 MA.
M1
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  • #299,472
  • Jan 30, 2012 5:59am Jan 30, 2012 5:59am
Quoting abdul_halim
M1
update
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  • #299,473
  • Jan 30, 2012 6:27am Jan 30, 2012 6:27am
close all..good luck
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  • #299,474
  • Edited 6:54am Jan 30, 2012 6:35am | Edited 6:54am
while eu just breaking 3077 & next 3015 left do , gu doing much better but still not broken 5640 but chances there to do so . last leg down seems in impulse down a, why respected at iv 5707 wihtout breaking & with eu pressure next may .
lets see .
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu2.gif Size: 14 KB
Click to Enlarge Name: gu3.gif Size: 12 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #299,475
  • Jan 30, 2012 7:10am Jan 30, 2012 7:10am
Quoting mintfx
what is your stayegy when crossover gives false signal, and what is ur mm stratefy i.e tp/sl. do u use any other indicators to filter the trades?
i only use those emas in m1 + m5 charts for scalping.
also using macd to intercept heavy over-sold/bought and/or divergences near main demand/supply levels!
out of m1-m5 charts, no indicators at all!

so looking at m1 ema 50-200 i pick a fast position whne confident in PA, for some 10-20 pips, then close, the reload at next step etc...
auto SL usually is MAX 20-30 pips and TGT usually is MAX 20-25 pips then finger ready to close manually at first sign of reverse, then reload etc. just...scalping!

when i use that setup to define 1st or last entry in a position, after i took the position, i close the m1-m5 chart. but this is my method, can look a bit complex but in last 2 months going very good!

check also ema60, it gives me better signs than the ema50!
its overall a good strategy that you use, i only advice you to be careful on possible rangings times. in full depth market sometimes that m1 setup can give also more than 100-150 pips straight. you only need to hold the position until emas re-cross. but for this you need to know where is the main next stop and why price can be going there! not easy to do only looking in m1-m5
90% of traders use TA, indicators and prediction
  • #299,476
  • Jan 30, 2012 7:51am Jan 30, 2012 7:51am
Someone , please push it up only 50 pips.
  • #299,477
  • Jan 30, 2012 8:03am Jan 30, 2012 8:03am
GU

So far WP holding at 1.5658 .

Above WP 1.5769 and 1.5881 and

Below WP 1.5547 and 1.5434 are my targets ...
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 93 KB
  • #299,478
  • Jan 30, 2012 8:25am Jan 30, 2012 8:25am
Hello fellow traders....

Hope everyone is having a great day....if anyone was watching last night I called a short on Cable - I exited my short with profit (see trading platform below and post from last night... http://www.forexfactory.com/showthre...50#post5336950 )

Today was just a crude oil day.....cable very choppy during NYC session....posting today's results as well for crude.

Safe trading......

Faller.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Trading Platform Short Cable Exit.png Size: 111 KB
Click to Enlarge Name: Trading Platform Crude.png Size: 89 KB
I don't trust any move - when you have profit...take it.
  • #299,479
  • Jan 30, 2012 9:10am Jan 30, 2012 9:10am
when this eu summit finish?
--------------------
  • #299,480
  • Jan 30, 2012 9:13am Jan 30, 2012 9:13am
Quoting shemirani
hey faller
what is your platform?
please guide . thanks

I use Interactive Brokers - that is their java trading platform.

If I can help more....let me know.

Faller.
I don't trust any move - when you have profit...take it.
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