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Cable Update (GBPUSD)

  • #302,221
  • Edited Mar 4, 2012 3:35am Mar 3, 2012 1:59pm | Edited Mar 4, 2012 3:35am
Quoting sidhujag
worse for me seems like its a recurring theme and fxcm says they don't chase stops but i placed my sl at 130.10 and my trade got taken out because the ASK just reached above my SL LIKE 0.2 PIPS and then retreated for 100 pips!!!! This has happened about 5-6 times of losing a trade WITHIN the spread... either my stops are chased or i'm a god of picking a bad SL and maybe take some very highly leveraged trades where I put my sl but use as entry with 1 or 2 pip sl lol
According to my chart, if you're referring to friday 2nd march, so yesterday, the high was 130.10, I would of put a sell order just below at around 130.08 or so, if you go back to June 3rd 2011 onwards to the start of July 2011 which is the the last the the price was anywere near this level, 130.10 area acted as STRONG resistance, look at the daily bar for June 3rd, the low is 130.057 and its a fair big candle too, the price uses the area of 130 - 130.10 as resistance for June alot, thats the best I can explain it and why I would of put a sell order near there.
  • #302,222
  • Edited 11:27pm Mar 3, 2012 9:55pm | Edited 11:27pm
@ UbuFamily

This as Evidence that Fibo Fan useful...
Cable go Down in cross TL between Fibo Flat with Fibo Fan.
Compare it... the Picture in below with the Previous Picture Post #302161 Mar 2, 2012 3:44am

Quoting Tsar
Hi Ubu,

I don't find anything wrong on your Chart.
But I suggest better use Double Fibo, Fibo Reversal and Fibo Retracement. This way is more effective than using One Fibo only. As we know Fibo always expansion if the Price moves beyond calculation. This is the fundamental error of Fibonacci programs.

It much more appropriate, use Fibo Fan also in the calculation (many Traders who forget it) :nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-03-04_H1 Cable + Fibo Fan.jpg Size: 349 KB
Always looking the GREAT, never left GOOD Point...
  • #302,223
  • Mar 4, 2012 7:29am Mar 4, 2012 7:29am
Quoting fontu
Just Hi to all in FF & hope all well here .Writing from bed first time after 6th this month .Waiting serious health mofu with 50% fib to decide next > extension or not further .if can pray for me , anyway in most time pray not work for the mofu action , still a try.wish see you all next time or so .
take care .
fontu
salam bro

my heart and prayers with u i am sure u will be fine, have fath and be strong
  • #302,224
  • Mar 4, 2012 7:52am Mar 4, 2012 7:52am
and the post 5000 came
90% of traders use TA, indicators and prediction
  • #302,225
  • Mar 4, 2012 1:12pm Mar 4, 2012 1:12pm
Congratulations BB. Lots of interesting and fun posts and never over critical (except of yourself).
Gone to a better place
  • #302,226
  • Mar 4, 2012 1:47pm Mar 4, 2012 1:47pm
Quoting Faller

Going to add you to my watch list so that I can follow all of your trade calls!!!!!!

Thank you so much for your money!
Cheers,
Faller.

When i start trading before some years i found very famous trader on the web and has been trading for 10 years
I follow him and got ++
Next time guess what? The biggest lose i got since i started
since then i listen to my own chart and follow my own plan.

Don't know how come v10 say something like this but maybe i got it wrong because not follow the thread , Any way just thought to say that for any newbie here maybe he got it in easy way.
GL
  • #302,227
  • Mar 4, 2012 1:56pm Mar 4, 2012 1:56pm
Quoting egkid

When i start trading before some years i found very famous trader on the web and has been trading for 10 years
I follow him and got ++
Next time guess what? The biggest lose i got since i started
since then i listen to my own chart and follow my own plan.

Don't know how come v10 say something like this but maybe i got it wrong because not follow the thread , Any way just thought to say that for any newbie here maybe he got it in easy way.
GL
I think you did get it wrong. Faller was being sarcastic. Faller probably will watch this guys trade calls, then just trade the opposite way. I am quite sure this is what he meant by his post.
Come with me if you want to live....
  • #302,228
  • Mar 4, 2012 2:01pm Mar 4, 2012 2:01pm
see if i can hit those targets!!
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 80 KB
Daytrader
  • #302,229
  • Mar 4, 2012 4:35pm Mar 4, 2012 4:35pm
Quoting egkid

When i start trading before some years i found very famous trader on the web and has been trading for 10 years
I follow him and got ++
Next time guess what? The biggest lose i got since i started
since then i listen to my own chart and follow my own plan.

Don't know how come v10 say something like this but maybe i got it wrong because not follow the thread , Any way just thought to say that for any newbie here maybe he got it in easy way.
GL

Ya you got it wrong.....I was being very very very sarcastic....read a few posts before and after.....the guy was making bullshit calls and I was being very very very sarcastic.....
I don't trust any move - when you have profit...take it.
  • #302,230
  • Mar 4, 2012 4:38pm Mar 4, 2012 4:38pm
Quoting Ill-b-back
I think you did get it wrong. Faller was being sarcastic. Faller probably will watch this guys trade calls, then just trade the opposite way. I am quite sure this is what he meant by his post.

nice too see you.
I don't trust any move - when you have profit...take it.
  • #302,231
  • Mar 4, 2012 5:28pm Mar 4, 2012 5:28pm
Quoting Tsar
Bro... your Last Option !!
Found BULLISH Pattern in H4 Chart

Hai Tsar, I believed familiar pattern always confuse us traders..
I trade to live
  • #302,232
  • Mar 4, 2012 5:40pm Mar 4, 2012 5:40pm
If 1.5825 gives up then look to 1.5780 for support.....then 1.5761 then 1.5729 then support at 1.5648
I don't trust any move - when you have profit...take it.
  • #302,233
  • Mar 4, 2012 5:53pm Mar 4, 2012 5:53pm
Wave view to look at, on the longer timeframe
Attached Image (click to enlarge)
Click to Enlarge Name: gu43.png Size: 50 KB
  • #302,234
  • Mar 4, 2012 6:19pm Mar 4, 2012 6:19pm
we got a breakout on the pair to go south. might be good for a few pips, I got a 20/20 tp and sl on it right now. may close partial if near my target and move SL to BE and make a bigger target.
  • #302,235
  • Mar 4, 2012 6:39pm Mar 4, 2012 6:39pm
Quoting MidasFX
we got a breakout on the pair to go south. might be good for a few pips, I got a 20/20 tp and sl on it right now. may close partial if near my target and move SL to BE and make a bigger target.
It could also be a trap. I noticed on Friday, we closed just short of a fib level, (can't remember which sorry). This PA may have the GU there now or very soon. Bullish 15min MACD divergence and the 1hr 100sma sitting on 1.59 and 50 fib retrace make an up move from near here very possible for a H&S. If we get there, would be a great short for at least 250 pips as a 1st target. (1.5990 is a 50 fib and weekly 60sma) will be a temporary top I think. Limiting myself to 3-4 Asian session posts as a compromise. Def no posts after 5pm Australia time. sorry no chart, at work with no computer.
Come with me if you want to live....
  • #302,236
  • Mar 4, 2012 6:47pm Mar 4, 2012 6:47pm
Quoting Faller
nice too see you.
And you bro
Come with me if you want to live....
  • #302,237
  • Mar 4, 2012 7:08pm Mar 4, 2012 7:08pm
Quoting Tsar
@ UbuFamily

This as Evidence that Fibo Fan useful...
Cable go Down in cross TL between Fibo Flat with Fibo Fan.
Compare it... the Picture in below with the Previous Picture Post #302161 Mar 2, 2012 3:44am

Oh gosh U made me learn today..it dive strainght to that 61.8
I trade to live
  • #302,238
  • Mar 4, 2012 7:15pm Mar 4, 2012 7:15pm
Quoting Ill-b-back
And you bro

LOL somebody's online now

I guess that somebody really LOVE to hang out here!!
I trade to live
  • #302,239
  • Mar 4, 2012 7:23pm Mar 4, 2012 7:23pm
Quoting UbuFamily
LOL somebody's online now

I guess that somebody really LOVE to hang out here!!
Just with you Ubu mate
Come with me if you want to live....
  • #302,240
  • Mar 4, 2012 7:37pm Mar 4, 2012 7:37pm
Quoting UbuFamily
Hai Tsar, I believed familiar pattern always confuse us traders..
Of Course... because Not Harmonician Trader

Bullish Bat Pattern, see in Post #200334 Feb 18, 2010 2:10am
Attached Image
Always looking the GREAT, never left GOOD Point...
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