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Cable Update (GBPUSD)

  • #302,581
  • Mar 7, 2012 10:24am Mar 7, 2012 10:24am
Quoting A-speculator
hey mate, how's life?

It's been a while huh..
hello
very good here!
nearly all weeks in profits so i'ìm happy :-)
today market is cruel.... but will setup soon!

how's there?
90% of traders use TA, indicators and prediction
  • #302,582
  • Mar 7, 2012 10:26am Mar 7, 2012 10:26am
Quoting bguguen
Just when you think US is gona be strong you got someone from the fed being all loud mouth and shit... talking bout a QE2.5 reason its 2.5 is its not the full fledged QE3 as feared but still bond buying at a smaller scale...
dollar peeps wont like that... fking ridiculous...
yes today is definetly a "NO-TRADING DAY"
market have been really way too much "easy" last days. so today they try to get back money. i stay surely out whole today, maybe will check scalps during asia then will be out whole tomorrow. big events to come, flows will do dirty jobs!
be careful n trade safe
90% of traders use TA, indicators and prediction
  • #302,583
  • Mar 7, 2012 10:27am Mar 7, 2012 10:27am
Quoting _BBKing_
hello
very good here!
nearly all weeks in profits so i'ìm happy :-)
today market is cruel.... but will setup soon!

how's there?
been busy backtesting and forward test the market in respect of financial astrology using gann theory of couse.. haven't figured it all yet.. LOL.

Sometimes that's alone make me going crazy.. LOL. However, I'm really interested in how the market reacts in relation of time..
  • #302,584
  • Edited 10:45am Mar 7, 2012 10:30am | Edited 10:45am
Quoting smikester
What I would like to know is this. What is symmetrical about that triangle? What do you mean by bullish bias when cable is making consistently lower highs?
I say Bullish bias because Out from Red Triangle / False Breakout for Countinue Upward.

About Chart Pattern, you will got some Info in
http://www.chartpatterns.com/symmetricaltriangles.htm
http://www.investopedia.com/universi...#axzz1oRxTu2A3
http://thepatternsite.com/st.html
Always looking the GREAT, never left GOOD Point...
  • #302,585
  • Mar 7, 2012 10:31am Mar 7, 2012 10:31am
Quoting A-speculator
been busy backtesting and forward test the market in respect of financial astrology using gann theory of couse.. haven't figured it all yet.. LOL.

Sometimes that's alone make me going crazy.. LOL. However, I'm really interested in how the market reacts in relation of time..
yes timing is very important.
i tried many times to study market based in time, but not that easy requires a lot of time and (my bad) i have not actually. so i decided to keep trading my "old style"
gotta leave.. see ya, good luck and trade well
90% of traders use TA, indicators and prediction
  • #302,586
  • Mar 7, 2012 10:33am Mar 7, 2012 10:33am
Quoting bguguen
You must be joking...
read any headlines lately?? greek default to cause 1 trillion euro dent...
besides GBP deserves to fall alongside the Euro... think about it... Who does UK trade with most... i can pretty much bet my dick that 50%+ of UK's trades are with EURO... if EURO economy suffers, so will GBP suffer in a large extent... besides... need i remind you some of the more famously bailed out banks in UK holds greek debts?? RBS?? LLoyds TSB??

Fundamentally the EURUSD and the GBPUSD are correlated like the Siamese twins...
Siamese twins...you are right on this one. Hope this rally will continue a bit just a bit. True, the brits has very close trading relationship with EU but still the fact that they are so far NOT part of EU insulates them a bit from the EU trouble. After all, those EU nations are on the hook but GB, unless they want to, they really don't need to extend any further loans to bail out Greece. And they can be out at any time, theoretically.

That's why I find from time to time, pound is stronger than EU.
Make your losses in demo. Earn your profits live.
  • #302,587
  • Mar 7, 2012 10:34am Mar 7, 2012 10:34am
Quoting Tsar
I say Bullish bias because Out from Red Triangle / False Breakout for Countinue Upward.

About Chart Pattern, you will got Info in http://www.chartpatterns.com/symmetricaltriangles.htm
i don't think bullish is the right sentiment as of right now, pullbacks in downtrend doesn't mean it is bullish.. anyway, i think the price will go towards 5470-5360 area for swing trading.. i'll have my PO at about 5815 and i'm taking this pullback in small lots just for the fun of trading and forward testing the market..
  • #302,588
  • Mar 7, 2012 10:39am Mar 7, 2012 10:39am
Quoting _BBKing_
yes timing is very important.
i tried many times to study market based in time, but not that easy requires a lot of time and (my bad) i have not actually. so i decided to keep trading my "old style"
gotta leave.. see ya, good luck and trade well
good luck to you too mate..
  • #302,589
  • Mar 7, 2012 10:56am Mar 7, 2012 10:56am
Quoting A-speculator
i don't think bullish is the right sentiment as of right now, pullbacks in downtrend doesn't mean it is bullish.. anyway, i think the price will go towards 5470-5360 area for swing trading.. i'll have my PO at about 5815 and i'm taking this pullback in small lots just for the fun of trading and forward testing the market..
Here you go... http://thepatternsite.com/st.html
Always looking the GREAT, never left GOOD Point...
  • #302,590
  • Mar 7, 2012 11:05am Mar 7, 2012 11:05am
Quoting GDR3k
Caught the spike there, buy order hit @ 1.56981, SL at break even, TP 5795.

Going out, catch ya's all later.
Closed @ 5743. 45+ pips.

Was 0.6 away from hitting my SL, close!
  • #302,591
  • Mar 7, 2012 12:56pm Mar 7, 2012 12:56pm
Quoting nAVIN2007
i see the fry pan comin
Yeah, I smacked her with it
Come with me if you want to live....
  • #302,592
  • Mar 7, 2012 4:07pm Mar 7, 2012 4:07pm
Quoting Zircon
Watch usdjpy, u will get the nearest target for those pairs
hello look carefully i have got my targets am i right or wrong??
i am not free here to post guys realworking strategies never revealed to public. that is fact ok.

anyways i got GBPUSD and GBPJPY all my targets hit.

Patience guys patience
Don't compare your Trades with Others
  • #302,593
  • Mar 7, 2012 4:10pm Mar 7, 2012 4:10pm
Quoting smikester
Thanks for the chart. What is a TDI indicator? This divergence shows up on MACD and RSI. Everybody knows what they are. Divergence is a great play in pull backs so that it indicates a continuance of the trend, and is fairly rare. Less valuable for spotting tops but useful, though.

it worked for me i have different method you guys see candles i use my own parameters and my i don't see candle i calculate the numbers to get my results.
i have more then 13 MACD on 3 system working same time to figure out the best time to sell or buy
anyways
good lcuk guys.

Thank You.
Don't compare your Trades with Others
  • #302,594
  • Mar 7, 2012 4:12pm Mar 7, 2012 4:12pm
Quoting DubaiFX
My technicals tells me we are going down GBPUSD and GBPJPY both
Targets will be 1.5830 if broken then 1.5750.
i got in Lets See how it works.
Thank You.
and 128.00 second will be 127.40

lets see what happens Next.
Be careful as i always say dont go Long here GBPUSD andGBPJPY
it can teach you a lesson but may cost you little more then monthy school fee
Thank You.

Trade.Safely
i got all my targets on both gbpusd and gbpjpy,

and one more thing i appologize but i dont have time to post chart if i did you will not understand.
its like math formula..
thank You.
Don't compare your Trades with Others
  • #302,595
  • Mar 7, 2012 4:13pm Mar 7, 2012 4:13pm
Quoting Tsar
I say Bullish bias because Out from Red Triangle / False Breakout for Countinue Upward.

About Chart Pattern, you will got some Info in
http://www.chartpatterns.com/symmetricaltriangles.htm
http://www.investopedia.com/universi...#axzz1oRxTu2A3
http://thepatternsite.com/st.html

Thanks for the links. I notice you have deleted the "bullish" comment on your post.

If you follow your links you will see the chart you posted is a descending triangle, not symmetrical.

Here's an example:

Attached Image


Of course, the price may do what you predict. Like everything in forex it's not guaranteed.

Hope this helps. Here's the link (good site): http://stockcharts.com/school/doku.p...ding_triangle_
Gone to a better place
  • #302,596
  • Mar 7, 2012 4:46pm Mar 7, 2012 4:46pm
Quoting smikester
How about explaining why your technicals tell you this, thereby making some sense? What a waste of pixels.
hello,
i cant show my technical sorry and please guys don't mind i don't have time for all this i cannot make another chart and show you. so sorry for not uploading my trades.

but as i always do is to tell them he right path of the pair then its your decision not mine.
last thing: in 5 years i have posted 500 posts only because i only worn people just like that only warning people when they are on wrong path that's all.

Thank You.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd and gbpjpy.jpg Size: 43 KB
Click to Enlarge Name: ok.jpg Size: 92 KB
Don't compare your Trades with Others
  • #302,597
  • Mar 7, 2012 5:00pm Mar 7, 2012 5:00pm
Quoting Forexia
Siamese twins...you are right on this one. Hope this rally will continue a bit just a bit. True, the brits has very close trading relationship with EU but still the fact that they are so far NOT part of EU insulates them a bit from the EU trouble. After all, those EU nations are on the hook but GB, unless they want to, they really don't need to extend any further loans to bail out Greece. And they can be out at any time, theoretically.

That's why I find from time to time, pound is stronger than EU.
you do realise the GBP relies heavily on their services sector right?? and services sector in UK is heavily dominated by bank's profits, if banks go buts ie RBS, LLOYDS.... the GBP loses their attraction in the world and economy will suffer... simple as that...
Ironic as you say despite GBP's isolation from the Eurozone... you do need to realise UK banks did take some money from the EURO's LTRO scheme... they are not as isolated as you think... if EURO dies... UK suffers along... Known fact my dear friend....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #302,598
  • Mar 7, 2012 5:00pm Mar 7, 2012 5:00pm
Quoting smikester
Thanks for the links. I notice you have deleted the "bullish" comment on your post.

If you follow your links you will see the chart you posted is a descending triangle, not symmetrical.

Here's an example:

Attachment

Of course, the price may do what you predict. Like everything in forex it's not guaranteed.

Hope this helps. Here's the link (good site): http://stockcharts.com/school/doku.p...ding_triangle_
Thank you for your Confirm

True, in Forex it's No Quarantee.
We have a Prediction, but Market determines. Market always Right...
Always looking the GREAT, never left GOOD Point...
  • #302,599
  • Mar 7, 2012 6:53pm Mar 7, 2012 6:53pm
Quoting DubaiFX
hello,
just like that only warning people when they are on wrong path that's all.

Thank You.
Sorry if I was rude to you but you understand we can't have any Tom Dick or Harry coming here and just saying "it's going to go up" or "it's going to go down" or the learners and gamblers will think we are just gambling. I think you saw the divergence for those predictions and maybe you have some skill there. I still don't know what you base your predictions on? Could be reading tea leaves for all we know?

For example your last prediction, here: http://www.forexfactory.com/showthre...93#post5325793 said we should be careful with longs, then cable went up 200 pips or was it more?

Anyway you get the idea and I hope I didn't offend. Good trading to you.
Gone to a better place
  • #302,600
  • Mar 7, 2012 9:20pm Mar 7, 2012 9:20pm
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Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu-0803a.gif Size: 16 KB
Click to Enlarge Name: gu-0803b.gif Size: 15 KB
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