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Cable Update (GBPUSD)

  • #300,201
  • Feb 8, 2012 6:58pm Feb 8, 2012 6:58pm
Quoting bashi_bd
Hi Ill-b-back,

Thanks for your advise. I know you are telling some very good points but as a novice, it is a little bit difficult for me to understand fully.

I will appreciate if you could explain your suggestions a little bit more simple way.

Thanks

bashi_bd
Hi Bashi, sorry was in the middle of a large micro lot trade before, had to be brief. I would study the candle stick reversal patterns, look for long wicks. For a short trade for example use the equidistant tool to connect 2 long wicked candles above the 14sma then drag the parallel line down to a long wicked candle below the sma and take profit if and when the line is hit. It was the 2nd strategy I learnt and while it won't always win, with practice I found it profirable. It is largely mechanical except finding the reversal points. On this pair, the long wicks stand out more so is a little easier. At work away from computer so no pic but feel free to contact. Cheers
Come with me if you want to live....
  • #300,202
  • Feb 8, 2012 7:00pm Feb 8, 2012 7:00pm
Quoting Mpt
Who cares?


mpt means Muppet ?
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  • #300,203
  • Feb 8, 2012 7:00pm Feb 8, 2012 7:00pm
Quoting Mpt
Also, am not aware that mt4 display can be split up across multi monitors. As far as I know, it can only show on one at a time.
The display isnt a problem. It is possible to spread the display over multiple monitors by not using the "full screen" option. With the main MT4 window in "reduced" size it can simply be stretched as far as you like as long as the monitors are set as 1 large monitor. As soon as you hit the full screen optin it will revert the main window to the primary monitor only.
  • #300,204
  • Feb 8, 2012 7:10pm Feb 8, 2012 7:10pm
Quoting ibpo


mpt means Muppet ?
Indeed it does. Well noted. But, frankly, this is a trading forum. Who needs to see your account balance, let alone your silly drawings. Exchange information, show charts, have fun. But your personal account is just that ... personal. Of no interest to anyone else. 'Nuff said.
  • #300,205
  • Feb 8, 2012 7:14pm Feb 8, 2012 7:14pm
Quoting Pom-in-Oz
The display isnt a problem. It is possible to spread the display over multiple monitors by not using the "full screen" option. With the main MT4 window in "reduced" size it can simply be stretched as far as you like as long as the monitors are set as 1 large monitor. As soon as you hit the full screen optin it will revert the main window to the primary monitor only.
Fair enough. But MT4 windows cannot be easily floated across other monitors. It would be nice. However, i just found someone who's marketing an "add-on" to achieve this. I found it easily on a Google search. In the meantime, the template and profile settings will go some way towards what you're after (i think).
  • #300,206
  • Feb 8, 2012 7:18pm Feb 8, 2012 7:18pm
Anyone want to buy gbp today? see above 6000.
Believe what you see instead of what you think!
  • #300,207
  • Feb 8, 2012 7:24pm Feb 8, 2012 7:24pm
Quoting Mpt
Indeed it does. Well noted. But, frankly, this is a trading forum. Who needs to see your account balance, let alone your silly drawings. Exchange information, show charts, have fun. But your personal account is just that ... personal. Of no interest to anyone else. 'Nuff said.
wtf
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  • #300,208
  • Feb 8, 2012 7:43pm Feb 8, 2012 7:43pm
GBPCHF seems like a better buy than GBPUSD
  • #300,209
  • Feb 8, 2012 9:09pm Feb 8, 2012 9:09pm
Quoting Ill-b-back
.gsantri seems to know what he's doing
naah.. it was just my lucky day.
if the conclusion drawn regarding my post on last Sunday, I think everybody here can do that.

from the weekly candles I saw there was a trade opportunity with MINIMUM RISK.
After 2 previous candles were bullish, and the 3rd closed bullish as well, although with tails on both side which is almost equal in length. means there was a fierce fight there.

whether the bulls would give up that easy after a struggle on the last 3 weeks? at least until Wednesday (yesterday) before the BOE's rate announcement..

FIBO: if the entry is at 50.0 and SL 23.6 fib so the risk to reward ratio becomes 1 : 2+.
that if the price is only able return to the 100 Fib. above that of course is a jackpot bonus.

hope it helps
.
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  • #300,210
  • Feb 8, 2012 9:19pm Feb 8, 2012 9:19pm
There is a probability to see GBP at 1.5745 area in the near future.
  • #300,211
  • Feb 8, 2012 9:27pm Feb 8, 2012 9:27pm
Quoting PskovFX
There is a probability to see GBP at 1.5745 area in the near future.
no doubt bout it... in fact im targetting 5450
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #300,212
  • Feb 8, 2012 10:15pm Feb 8, 2012 10:15pm
Quoting gsantri
naah.. it was just my lucky day.
if the conclusion drawn regarding my post on last Sunday, I think everybody here can do that.

from the weekly candles I saw there was a trade opportunity with MINIMUM RISK.
After 2 previous candles were bullish, and the 3rd closed bullish as well, although with tails on both side which is almost equal in length. means there was a fierce fight there.

whether the bulls would give up that easy after a struggle on the last 3 weeks? at...
Ha, far too modest. And the quiet achiever award goes to....

That was quick
Attached Image (click to enlarge)
Click to Enlarge Name: christmas trade27.gif Size: 16 KB
Come with me if you want to live....
  • #300,213
  • Feb 8, 2012 10:16pm Feb 8, 2012 10:16pm
i dont think this will cross 4850 to up side, what if Frankfurt and London open ?
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  • #300,214
  • Feb 8, 2012 10:22pm Feb 8, 2012 10:22pm
Quoting ibpo
i dont think this will cross 4850 to up side, what if Frankfurt and London open ?
Yeah, looks like a head and shoulders. at 2 microlots, its worth a try.
Come with me if you want to live....
  • #300,215
  • Feb 8, 2012 10:25pm Feb 8, 2012 10:25pm
Quoting Ill-b-back
Yeah, looks like a head and shoulders. at 2 microlots, its worth a try.
Banked my $2.33
Come with me if you want to live....
  • #300,216
  • Feb 8, 2012 10:51pm Feb 8, 2012 10:51pm
Quoting Ill-b-back
Ha, far too modest. And the quiet achiever award goes to....
Keep It Simple... Sir

why complicated it ain't rocket science.
but first thing first is: the RISK
  • #300,217
  • Feb 8, 2012 10:52pm Feb 8, 2012 10:52pm
hmmm...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: christmas trade28.gif Size: 12 KB
Click to Enlarge Name: christmas trade29.gif Size: 11 KB
Come with me if you want to live....
  • #300,218
  • Feb 8, 2012 10:55pm Feb 8, 2012 10:55pm
Quoting gsantri
Keep It Simple... Sir

why complicated it ain't rocket science.
but first thing first is: the RISK
Thank you gsantri, always the gentleman
Come with me if you want to live....
  • #300,219
  • Feb 8, 2012 11:18pm Feb 8, 2012 11:18pm
Opened short at 1.5823 Want to see t/p at 1.5745
  • #300,220
  • Feb 8, 2012 11:37pm Feb 8, 2012 11:37pm
Quoting PskovFX
There is a probability to see GBP at 1.5745 area in the near future.
how about 1.5981 by friday
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