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Cable Update (GBPUSD)

  • #299,961
  • Feb 5, 2012 10:03am Feb 5, 2012 10:03am
I think for GU to go substantially higher we're going to need a healthy pullback...Usually for the stronger trends the 38 fib is a good place to look. We break down out of this triangle I'd be looking there. If dollar catches a bounce I'm looking back to the 81 area.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GU 240m.jpg Size: 132 KB
Click to Enlarge Name: gu 4hr.jpg Size: 126 KB
  • #299,962
  • Feb 5, 2012 10:13am Feb 5, 2012 10:13am
hi Faller,
you need to analyse your chart also using the monthly, which has stronger power than the monthly, and trade off the 4 hr..yes, they will be a down move, but this is mostly going to be a retrace...
  • #299,963
  • Edited 10:46am Feb 5, 2012 10:30am | Edited 10:46am
Quoting _BBKing_
hello fontu,
interesting the scenario with a possible move near 1.29 -1.30 again.
1.32 definetly hard to be broken.
i will let it go for a while until gives something clear... actually possible a brake into 1.32 (or more) or else a brake into 1.30 (or more).
hopefully will give a re-test of this level to let me pick some 100-200 pips.
up or down no matter
yeah , but 3200 not that hard break as it in abull flag /set up now & in action . forgot add the last line due connection lost , added now though "
so swing through 3226 to 3080 now to decide for next swing 2900-3400 to next swing 3600 limit up & down previous low ."
swings upside down or downside up any ok . only the crazy rull may be applied as such . the more the crazy up if try the more the chance it fail so easy & may be forever . so whatever follow natural rules of a movement to be stable & do something if possible , the reversal !! 100 yeards long to go still !
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #299,964
  • Feb 5, 2012 10:49am Feb 5, 2012 10:49am
Quoting dailyking
hi Faller,
you need to analyse your chart also using the monthly, which has stronger power than the monthly, and trade off the 4 hr..yes, they will be a down move, but this is mostly going to be a retrace...
Hello and thanks for your advice......but I do look at different time frames. I always look at the weekly and daily (never really look at monthly much) - After looking at the weekly and then zooming into the daily - I watch 3 different time frames for my intra day trading. I am not a long term trader - does not suit my personality or style. I trade Price Action throughout the day based off of the information I see on the weekly, daily and then watch the hourly through the day and look for my entry and exit on smaller time frames.

Again thanks for your advise - I hope the information I provided gives you a little insight as to how I trade. We all trade a little different.....


Cheers,

Faller
I don't trust any move - when you have profit...take it.
  • #299,965
  • Feb 5, 2012 1:35pm Feb 5, 2012 1:35pm
Quoting gsantri
It does not apply if you have just resigned (fired?) from the central bank chief.
everything should be completely confidential. 10-20G profit a week ?


moneeeeey... f**k the rece$$ion I'm spending..

http://www.youtube.com/watch?v=OYYJUt-V9oA

  • #299,966
  • Feb 5, 2012 1:45pm Feb 5, 2012 1:45pm
Quoting Faller
Hello and thanks for your advice......but I do look at different time frames. I always look at the weekly and daily (never really look at monthly much) - After looking at the weekly and then zooming into the daily - I watch 3 different time frames for my intra day trading. I am not a long term trader - does not suit my personality or style. I trade Price Action throughout the day based off of the information I see on the weekly, daily and then watch the hourly through the day and look for my entry and exit on smaller time frames.

Again thanks...
Monthly is just stupid, no useful information from that at all unless your a long term investor who holds for 12months+ forget it, got to shorter TF's, forget weekly to, Try M15 with a 1000ema and 540lwma you'll see the trend which counts clearly there and it's tradeable rather than pie in the sky.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #299,967
  • Feb 5, 2012 1:47pm Feb 5, 2012 1:47pm
Quoting Turveyd
Monthly is just stupid, no useful information

Look Sharp/Trade Tight
  • #299,968
  • Feb 5, 2012 2:09pm Feb 5, 2012 2:09pm
Quoting Turveyd
Monthly is just stupid, no useful information from that at all unless your a long term investor who holds for 12months+ forget it, got to shorter TF's, forget weekly to, Try M15 with a 1000ema and 540lwma you'll see the trend which counts clearly there and it's tradeable rather than pie in the sky.
That's a bit short sighted in my opinion. Monthly trends are powerful reference points for actual direction so you can make trading biase decisions on lower timeframes.
On another topic, I expect some drawdown on my stupid Friday afternoon trade, but looks like the green 60sma could be lining up with my TL soon so hopefully it will be respected
Attached Image (click to enlarge)
Click to Enlarge Name: christmas trade26.gif Size: 16 KB
Come with me if you want to live....
  • #299,969
  • Feb 5, 2012 2:22pm Feb 5, 2012 2:22pm
any update from greece ?
Attached Image (click to enlarge)
Click to Enlarge Name: GUweeknd.JPG Size: 22 KB
not euphoria follower
  • #299,970
  • Feb 5, 2012 2:26pm Feb 5, 2012 2:26pm
Quoting Ill-b-back
That's a bit short sighted in my opinion. Monthly trends are powerful reference points for actual direction so you can make trading biase decisions on lower timeframes.
On another topic, I expect some drawdown on my stupid Friday afternoon trade, but looks like the green 60sma could be lining up with my TL soon so hopefully it will be respected
whats your SL ?
  • #299,971
  • Feb 5, 2012 2:30pm Feb 5, 2012 2:30pm
Quoting pinkiaiii
whats your SL ?
Probably break of TL but will watch PA pattern near it in case TL is not quite correct. I don't follow news anymore, does anyone know when the Greek deal is due? I am trying to only trade charts now so maybe best I don't find out.
Come with me if you want to live....
  • #299,972
  • Feb 5, 2012 2:41pm Feb 5, 2012 2:41pm
Just a few weeks ago we were below the 100sma on every time frame, now we have broken above it on every time frame except the monthly (not sure we have CLOSED above the weekly yet). This is very aggressive and impressive
Come with me if you want to live....
  • #299,973
  • Feb 5, 2012 2:48pm Feb 5, 2012 2:48pm
Quoting Ill-b-back
Just a few weeks ago we were below the 100sma on every time frame, now we have broken above it on every time frame except the monthly (not sure we have CLOSED above the weekly yet). This is very aggressive and impressive

stop loss below last months high..if it going up it shouldnt retrace to much
  • #299,974
  • Feb 5, 2012 2:59pm Feb 5, 2012 2:59pm
Quoting nAVIN2007
stop loss below last months high..if it going up it shouldnt retrace to much
Hi there nAV,

Do you have any views for the week ahead? We all know which way you want the price to go but do you think there will be much progress towards your target this week? I posted my views earlier today. Thanks.

Hope you had a nice week end.

KR
  • #299,975
  • Feb 5, 2012 3:08pm Feb 5, 2012 3:08pm
Quoting nAVIN2007
stop loss below last months high..if it going up it shouldnt retrace to much
Ok nice nAV, my chart shows it shouldn't either At work now, see you soon
Come with me if you want to live....
  • #299,976
  • Feb 5, 2012 3:16pm Feb 5, 2012 3:16pm
Quoting Rasi
Hi there nAV,

Do you have any views for the week ahead? We all know which way you want the price to go but do you think there will be much progress towards your target this week? I posted my views earlier today. Thanks.

Hope you had a nice week end.

KR
i think it will make it way to 1.6
1.65 i think is on 6 months thou average scenero (time wise)
i think the bottom is in place till 1.65 is reached..then it is possible that GU tanks..but obviously reaction needs to happen there for this to happen..
  • #299,977
  • Feb 5, 2012 3:26pm Feb 5, 2012 3:26pm
Quoting nAVIN2007
i think it will make it way to 1.6
1.65 i think is on 6 months thou average scenero (time wise)
i think the bottom is in place till 1.65 is reached..then it is possible that GU tanks..but obviously reaction needs to happen there for this to happen..
Thank you for sharing your thoughts .
  • #299,978
  • Feb 5, 2012 3:31pm Feb 5, 2012 3:31pm
Hi Everyone,

I am a new trader. Just traded couple of days. Managed to make a profit of mere £3.

I am reading all the guidelines and tips how to make money but it seems very elusive.

I noticed that the marked GBP/USD going up and down every day in a rhythmic manner.


Could anyone tell me that if it is wise to follow the rhythm and maka a move.
  • #299,979
  • Feb 5, 2012 4:13pm Feb 5, 2012 4:13pm
Quoting bashi_bd
Hi Everyone,

I am a new trader. Just traded couple of days. Managed to make a profit of mere £3.

I am reading all the guidelines and tips how to make money but it seems very elusive.

I noticed that the marked GBP/USD going up and down every day in a rhythmic manner.


Could anyone tell me that if it is wise to follow the rhythm and maka a move.
This M15 setup is working for me, pic and Template attached.


Buy near Red Lines or bottom of the range lower white line and we'll see how long it keeps going before we get a trend change.

Basically, go Long on pull backs and keep repeating don't try to guess when the trend will end or fight the trend so no shorting, don't use tight SL ( 60 here ) and don't be afraid to buy more if you miss time the bottom cause odds are it will turn.
Attached Image (click to enlarge)
Click to Enlarge Name: This setup is working for me.jpg Size: 797 KB
Attached File(s)
File Type: tpl this setup is calling it well.tpl   6 KB | 252 downloads
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #299,980
  • Feb 5, 2012 5:56pm Feb 5, 2012 5:56pm
Quoting Erebus
Just back to the 100 SMA will do for me, trading doesn't have to be complicated

Just remembered this post. Good call
Come with me if you want to live....
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