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Cable Update (GBPUSD)

  • #312,741
  • May 11, 2012 7:59am May 11, 2012 7:59am
Quoting Faller
sometimes when news comes out we all get lucky......sometimes.......that is not a system.


Ok.....final post today - taking the Volvo for service.

Over and Out.....

Faller.

And sometimes NEWS are already reflected into the charts.... Cad employment was totally expected.... chart was already saying it.....
Thats why bots are great, dont need to get confused by friggin news now do they??

Like i said in the technical view point, i posted this picture yesterday, and it seesm the move today would have us ending at the middle of the range at 38.2% fibo... expecting further rangebound on GBPCAD, unfortunately though...plenty of you might say GBPCAD is pretty bottomed out, i would say GBPCAD is in a nice Equilibrium range now, and i dont think it will break out anytime soon
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadw1.10052012.2215.gif Size: 22 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #312,742
  • May 11, 2012 8:01am May 11, 2012 8:01am
Quoting Faller
Ok really last post today...


If news was bad out of Canada - I would like to see if people would be saying that they were genius......taking a gamble is taking a gamble.....trading is also trading........to all new traders sift through the posts here.....there are some good some bad and some ugly......and then there are some that are actually brilliant.

Trade safe....trade well.....

Faller.

If CAD was bad news... GBPCAD would move up and my system would place higher lot shorts, as the probability to retrace gets higher,therfore the TP level will also move up but the TP level will still make me profit...

haters gonna hate....

It was i who told you to calm down yesterday... guess the calmness in me worked out fine....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #312,743
  • May 11, 2012 8:08am May 11, 2012 8:08am
Quoting PoundTrader
yeah boy. good luck for thos that are long from 1.7000
WTF? , you crack me up bro, is there a "smoking" room in here or something? , I'm now out of my 6131 short and going to bed. Good night all and have a great weekend
Come with me if you want to live....
  • #312,744
  • May 11, 2012 8:09am May 11, 2012 8:09am
Quoting Ill-b-back
WTF? , you crack me up bro, is there a "smoking" room in here or something? , I'm now out of my 6131 short and going to bed. Good night all and have a great weekend
Dear god.... who longed at 1.7?? thought nav was around 1.63
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #312,745
  • May 11, 2012 8:14am May 11, 2012 8:14am
  • #312,746
  • May 11, 2012 8:18am May 11, 2012 8:18am
Right, back to catching up with my University Project deadlines and revision for exam, seriously dont have the time to panic when i short GBPCAD like someone did...
But then again, i'm a gambler huh... right

Newcomers around these forums, instead of reading people's posting of bullshit like mine and some other guys' just trade your own strategy
but then again the bullshiter made money shorting the GBPCAD against all odds...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #312,747
  • May 11, 2012 8:23am May 11, 2012 8:23am
Always interesting to watch cable flipping overnite
  • #312,748
  • May 11, 2012 8:23am May 11, 2012 8:23am
Quoting bguguen
Dear god.... who longed at 1.7?? thought nav was around 1.63
long at 1.6080
  • #312,749
  • May 11, 2012 8:36am May 11, 2012 8:36am
Quoting izzas
long at 1.6080
Thats fine, my bot is also net long on gbpusd but not much
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #312,750
  • May 11, 2012 8:36am May 11, 2012 8:36am
Quoting izzas
long at 1.6080
Same here there is a divergence on M15 and my favourite rapper MC hammer made me go long, H4 preparing for div as well

http://s14.postimage.org/6ehw1ndwh/cabel.gif
hosting images
swing it!
  • #312,751
  • May 11, 2012 8:45am May 11, 2012 8:45am
pounds the outperformer suddenly got weak....
  • #312,752
  • May 11, 2012 8:45am May 11, 2012 8:45am
Hey all

FXCM retail traders flipped to net long, 1/5/2012 COT data shows dealers extremely short and large speculators extremely long. Possibly time for large down move maybe see 5800 next week
  • #312,753
  • May 11, 2012 8:46am May 11, 2012 8:46am
Quoting tomspin
Same here there is a divergence on M15 and my favourite rapper MC hammer made me go long, H4 preparing for div as well

http://s14.postimage.org/6ehw1ndwh/cabel.gif
hosting images
Also 4hr MACD bullish HIDDEN divergence, connecting 5818 and 6060 not strong on the MACD, but on the chart? Woo Hoo good night all (again).
Come with me if you want to live....
  • #312,754
  • May 11, 2012 8:52am May 11, 2012 8:52am
this is like 5th or 6th time in this week it came to 1.606x and went back up
  • #312,755
  • May 11, 2012 9:15am May 11, 2012 9:15am
Very ugly shooting star......
swing it!
  • #312,756
  • May 11, 2012 9:23am May 11, 2012 9:23am
Quoting bguguen
Right, back to catching up with my University Project deadlines and revision for exam, seriously dont have the time to panic when i short GBPCAD like someone did...
But then again, i'm a gambler huh... right

Newcomers around these forums, instead of reading people's posting of bullshit like mine and some other guys' just trade your own strategy
but then again the bullshiter made money shorting the GBPCAD against all odds...
Ok, it's your day, your lucky day.....but bad bad day for me....but it's ok, i will get my turn....
  • #312,757
  • May 11, 2012 9:31am May 11, 2012 9:31am
Good day to you, all

Back from travelling. Late Friday afternoon here. Want to propose a chart.

Sometimes better to take a seat on a hillside and look at the cars go by...

Hope you all had a successful week.

Hope some of you have taken a little note here. Go study significant troughs and highs and mark the dates - there are often patterns there.

BUT ONLY trade when you have evidence in hand. Just thought I would share a little something.. ( I wonder what the current date is..)

Warm regards
Attached Image (click to enlarge)
Click to Enlarge Name: gu1hr.jpg Size: 106 KB
  • #312,758
  • May 11, 2012 9:35am May 11, 2012 9:35am
haha..whipsaw again.. hit my SL on BE in no time.. till next week.. chow
Trade what you see. Write what you feel
  • #312,759
  • May 11, 2012 9:46am May 11, 2012 9:46am
Quoting TauTrader
Good day to you, all

Back from travelling. Late Friday afternoon here. Want to propose a chart.

Sometimes better to take a seat on a hillside and look at the cars go by...

Hope you all had a successful week.

Hope some of you have taken a little note here. Go study significant troughs and highs and mark the dates - there are often patterns there.

BUT ONLY trade when you have evidence in hand. Just thought I would share a little something.. ( I wonder what the current date is..)

Warm regards
Good day to you,

Further to my post...

Evidence will be what your system tells you - it could be a trendline break, a cross of a MA, MACD, Divergence - there are many tools.

Can be very powerful. Trick is to identify the cycles at play.

hope I have added a little tool to your trading toolbox.

All success

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gutrend.jpg Size: 84 KB
  • #312,760
  • May 11, 2012 9:55am May 11, 2012 9:55am
Quoting TauTrader
Good day to you,

Further to my post...

Evidence will be what your system tells you - it could be a trendline break, a cross of a MA, MACD, Divergence - there are many tools.

Can be very powerful. Trick is to identify the cycles at play.

hope I have added a little tool to your trading toolbox.

All success

Regards
You certainly did TT, I would add a bit from myself and suggest to others to look for a hammer or a doji on those tops and bottoms - very powerfull candle I started my long today on E/U, if you look at the gold on H4 you'll see the same thing. I don't really pay attention to trendlines as price goes sideways most of the time but every small bit which limit risk in our trades is a good one.
All the best

simple and powerfull
http://s14.postimage.org/dbed31mw1/how_i_trade.gif
picture hosting
swing it!
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