Cable Update (GBPUSD)

Your Welcome.

I was Share A lot e-book about Trade in kill56 Thread's Long time ago...
You can found in http://www.forexfactory.com/showthread.php?t=246111
And another Member FF sharing too. I hope you have time to Learn...

good call

Update H1 Chart, after LONDON Market's Closed...

Here is a simple chart that you could have drawn yourself to help decided if there will be a bounce at 10:30 this morning - all the lines on this chart have been here for a week.....I have been playing the channel all week - do some research in trend lines and charting so that you can get a grasp in answering your own questions.

Hope the chart helps....

Cheers,

Faller

@EatPIPs

Further to the above posted -

When deciding on whether or not to take a trade you have to have your own criteria as to why you are putting on a trade (either short or long).

For me, I am a price action trader and trade intra daily only well 95% of the time - meaning I close all positions by end of day.

I use a combination of price action, trend lines, chart patterns, time of day, and a couple of simple indicators to assess my entry points for a trade. You have to develop what your criteria is so that you can become an independent trader and a more confident trader. The criteria I use is very strict and if I am wrong with my entry everything is on my chart to show me where my exit should be and if I am right everything is on my chart to show me a potential price target. You should not be guessing.

Good luck with your trading!

Cheers,

Faller

Thank's.
I have an error gave Opinions on a few days ago (without looking at the Daily & Weekly Chart first, because I didn't open MT4) I apologize...

When do I get to post your Chart, Bro ?

My system speaks there are no bases to hold long. My position is out of market and wait.
Most likely it goes somewhere to 1.5578-1.5530
Today I have closed a short taken on Friday at 1.5843 closing price was 1.5710 (+133 pips)

Ooooohhh whip me! Sounds like the right plan. Most who post here are guessers I guess.

After the first two narrow, in 2010 and in April 2011, Prime Minister David Cameron has prolonged austerity packages until 2016, in an attempt to contain the fiscal deficit shot up to 10.4% on the gross domestic product.
. After the U.S. and France, Great Britain. The AAA of England has not yet fallen, but falters. The warning to the British government was launched with the latest Moody's downgrade of Italy, Spain, Portugal, Malta, Slovenia and Slovakia. Unlike Standard & Poor's rating agency downgraded the U.S. does not have honors France, Austria and the United Kingdom. But the three countries has threatened to do so soon, if not improve performance of national economies: that is, has revised its outlook to negative.
Austerity WITHOUT GROWTH. The speaker, at least for the cases of London, are the negative in recent months and, above all, the bad weather to come, of banks and analysis. For the first time in history, the proud British are in serious financial need for more not alleviated by vigorous spending cuts of the Conservative government. So after the first two narrow, in 2010 and in April 2011, Prime Minister David Cameron has prolonged austerity packages until 2016, in an attempt to contain the fiscal deficit shot up to 10.4% on the gross domestic product (GDP) .
INCREASE IN UNEMPLOYMENT. For 2012, expectations remain bearish: the Bank of England has cut the growth forecast to 1%, suggesting a weak recovery, not obvious, in 2013. To the Chartered Institute for Personnel and Development, the largest European center for research on human resources, this year the country sforerà height of 3 million unemployed (now 2.68 million). "It's hard to understand how these problems can be solved," wrote Moody's, citing its negative outlook towards Great Britain, concerned about "the prospects for growth physically weak."

Cameron's identity crisis: the political quagmire
( Getty Images) The British Prime Minister David Cameron, the exit from Downing Street.
. A crisis of identity, the English, due to the progressive economic decline that is transforming the former British Empire in a political quagmire, with both leaders unable to take clear positions, both to contain the growing social tensions.
The litmus test of the general confusion that reigns across the Channel is the uncertain behavior of an otherwise conservative hard as Cameron, who first took breast governments of the euro, claiming the right, as the British tradition, to run by themselves while remaining in 'European Union. Then he softened his opposition to the policies of the EU, knowing that as many citizens of the Crown if they are not yet realized, a Britain now turned in on itself can no longer afford to attitudes of superiority over the Old Continent.
PRESSING OF THE LIB-DEM. On the domestic front, the explosive discontent of lower middle classes on the tougher austerity measures, has led the Tories to more conciliatory attitude with allies Lib-dem. Worth the fall of the government.
Sure, the polls have indicated that the Liberal Democrats are in need of repair, with a consensus down to 10%. Tory strategists, however, are not confident they could win the elections in 2015 without their support.
CAMERON "PREMIER WEAK." So, constantly blackmailed by the qualms of the centrists of redundancies in the public sector, the massive privatization of education and healthcare and a determined defense of the privileges in the financial City of London, Cameron is forced to deal with. Attracting the inevitable criticism from the right wing of tenderness: "The Prime Minister is weak and evasive," wrote the Sunday Times caustic.

The austerity economic and social crisis deepens
( Getty Images) George Osborne, Minister of Finance of the United Kingdom.
. As Cameron, also the Finance Minister George Osborne has tried to take some time, extending a two-year regime of rigor, compared to the initial savings, fixed from 2010 to 2014.
"Loosen the control over public spending would mean downgrading. The judgment of Moody's tells us that we are on track for recovery. We can not be taken away from the plane, "said Osborne, on the whole optimistic, after the warning rating agency.
LAYOFFS AND CUTS THE WELFARE. Do not think so researchers CIPD, that the mass dismissal of civil servants (500 thousand, those already disposed) have provided a further contraction of the economy. "Who will stay at home will not find a job in private. Even companies in 2012, have planned to reduce headcount, "the research institute has estimated. After growth declined by 0.5% last quarter 2011, including the Office for National Statistics (ONS) has announced a deepening of stagnation.
Families and businesses, already suffering from the strong private debt, will be burdened by cuts in public spending, according to the Institute of Fiscal Studies, "represent 80% of the new movement, mostly cuts from the welfare budget."
THE RATING OF BLACKMAIL. As for Greece and Italy, the austerity alone will not lead to recovery. Hardly, "the government hard on hard times" wished by Osborne will lift the fortunes of the country: the recent economic performance is proof.
The truth probably is that Cameron knows even more to get on. On the other hand, has several times repeated the central bank governor, Mervyn King, no one here has a magic wand: willy-nilly, the English will have to resign to take a step back, "returning to a standard of living to levels of 1920» .
The rating agencies know this: even the triple-A of the United Kingdom is vulnerable. And, with a euro crisis that, in the next few months will impact on exports to rain even the British, they'll be in London with the suffocating breath on my neck.

Tuesday, February 14, 2012

i dont use charts, i use math and price action

People just wont learn... ah well... least i saw the bigger picture... been warning about possible USD strength for atleast 2 weeks now... and im making a killing...
a long awaited success for me... just need to keep calm, be patient and dont let any retarded news fool you Filter the bull shit...

Nice

No need to whip you - the post was just a post trying to be helpful to a newbie member - just trying to offer some insight to the person. Not many people are willing to do such a thing - I took the time to offer some sound advice.

Faller.

I've been saying it since Dec, this is a bigger USD bull than anyone thinks, talking UJ to 115 by eoy

Applause Master

But remember this could be a setup for a typical Wed pump n dump.... the bigger pump the bigger dump! we already made a HH and LH on m5 if it holds might end up doing this... certainly would surprise the retailers which is what the market wants

Looks like the translation tool had gone completely bonkers

Faller,

Thank you for taking the time out of your day (trading time) for your response. It is very rare to find someone who offers their honest advice these days to someone new on a forum I know - so thank you sincerely.

I have been trading since beginning of 2009 on a part time basis but have recently gone semi full-time. I started with a $200 micro account which currently stands just over $5000.

I do not know a lot of the technical terms for trading, im not someone who is good at remembering names of people let alone names of technical info expecially to do with FX! However I have learned to read the charts my way. With the few indicators that I use, reading the charts with the news also, I place my trades. I'm not really good with risk and reward, I set my trade according to how I feel it will go but at the same time I place a stop loss at where I believe it needs to be based on my indicators and where the charts show it needs to be.

Even though I have been a part time trader for a few years and semi full time for a few months, I am no where near a "professional trader" and learn something new everyday and intend to carry on learning something new for many more years to come. This forum has been a blessing, even though there is a lot of BS in some places (which is expected I suppose) but with people like you about, I am grateful.

Sorry for the long story, just thought i'd share.

Im more of a reader than participant in forums unless there is something I really need to ask/say.

Thanks again,

EatPIPs

15 min bullish H&S off 200ema and 38.2 fib. 1st target could be 5750 followed by 5775 IMO