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Cable Update (GBPUSD)

  • #316,001
  • Jun 11, 2012 8:58am Jun 11, 2012 8:58am
Quoting TauTrader
Good day to you,

Herewith my GU/Gold correlation chart set up over the past week-end. gold was first to break the 200 T3 average.... price followed soon after. Red vertical line shows the break of the MA, pink horizontal shows where GU price was at the time.

Will continue to follow this correlation...

Lucky move? ( making it clear this was not used by me to enter trades)

dunno yet..

Regards
yes recently gold (also silver) breakes levels and/or MA in advance than currencies. it is very important thing to take in consideration if used properly like you surely know!!
as i said before, is all a correlation of factors! so, gold point down, GU in well proved supply area, weakness in price, continuation down in gold, etc.... is a great trigger for a trade. then everybody prefer an indicator or the other to open the trade (look for exmple some here use the ichi, some the MA, some other oscillators et.c.....)

today flows are very slow but the very similar scenario happened between thursday and friday last week. my bad, i noticed late!

actually i simply read gold chart in a window and GU in the other. But your chart (and the other member's one..) looks far better!
90% of traders use TA, indicators and prediction
  • #316,002
  • Jun 11, 2012 9:02am Jun 11, 2012 9:02am
Quoting TauTrader
Good day to you,

Herewith my GU/Gold correlation chart set up over the past week-end. gold was first to break the 200 T3 average.... price followed soon after. Red vertical line shows the break of the MA, pink horizontal shows where GU price was at the time.

Will continue to follow this correlation...

Lucky move? ( making it clear this was not used by me to enter trades)

dunno yet..

Regards
what the hell is that big candle in Gold??? mine is very different!!
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_XAU_USD_Hourly_snapshot.jpg Size: 72 KB
90% of traders use TA, indicators and prediction
  • #316,003
  • Jun 11, 2012 9:17am Jun 11, 2012 9:17am
Quoting _BBKing_
what the hell is that big candle in Gold??? mine is very different!!
Good day to you,

Nah - it is because of the week-end.

Remember, i am projecting gold onto GU. My gold chart looks identical to yours. I am forcing gold's price levels onto the GU chart. It is a script - therfor the funny lines.

not to worry.

Regards
  • #316,004
  • Jun 11, 2012 9:23am Jun 11, 2012 9:23am
Good day to you,

Hehe - just posted on EU thread... long @ 1.2500..

entry on weekly chart. go figure.

Told the dudes I will add to this position every 50 pips against 1.2500.

So - understand that, unless I get a flash rise, I will be nursing this EU trade for the next year..

Preserving capital - so may not post here for a while.

Wish you all green

Regards
  • #316,005
  • Jun 11, 2012 9:34am Jun 11, 2012 9:34am
Quoting TauTrader
Good day to you,

Hehe - just posted on EU thread... long @ 1.2500..

entry on weekly chart. go figure.

Told the dudes I will add to this position every 50 pips against 1.2500.

So - understand that, unless I get a flash rise, I will be nursing this EU trade for the next year..

Preserving capital - so may not post here for a while.

Wish you all green

Regards
wish you all the best with EURO.
i'm unable to trade it since a lot of time!!
way too much rumored...
90% of traders use TA, indicators and prediction
  • #316,006
  • Jun 11, 2012 9:39am Jun 11, 2012 9:39am
Sell Stop @ 1.5495 with 50 TP!
Can she get there?? Lets see...
  • #316,007
  • Jun 11, 2012 10:24am Jun 11, 2012 10:24am
Quoting aarash
Sell Stop @ 1.5495 with 50 TP!
Can she get there?? Lets see...
Your SL?

TF
  • #316,008
  • Jun 11, 2012 10:28am Jun 11, 2012 10:28am
Great I like it ,actually tho I take h4 ,I really on w1 d1 ,intrested to see your view of w1 ?


Quoting TauTrader
Good day to you,

Hehe - just posted on EU thread... long @ 1.2500..

entry on weekly chart. go figure.

Told the dudes I will add to this position every 50 pips against 1.2500.

So - understand that, unless I get a flash rise, I will be nursing this EU trade for the next year..

Preserving capital - so may not post here for a while.

Wish you all green

Regards
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #316,009
  • Jun 11, 2012 10:41am Jun 11, 2012 10:41am
Quoting TradeForexFx
Your SL?

TF
5528
  • #316,010
  • Jun 11, 2012 11:54am Jun 11, 2012 11:54am
Overall bear ok weekly but daily consolidation not think over yet , so only scalping for timebeing when got time .
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 23 KB
Click to Enlarge Name: gu2.gif Size: 18 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #316,011
  • Edited 8:43pm Jun 11, 2012 4:09pm | Edited 8:43pm
if she re visit 550x-552x where those level gonna be D point in shark harmonic pattern,

am preparing to anticipate BAMM .. where D point ...will be named as B point in BAT harmonic pattern. B level will be next breakout zone that am focusing ...

ONLY if yesterday low will provide strong support

0.01 cent

***
About BAMM : here
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pvj472.gif Size: 14 KB
Click to Enlarge Name: pvj471.gif Size: 10 KB
Click to Enlarge Name: pvj469f.gif Size: 12 KB
not euphoria follower
  • #316,012
  • Jun 11, 2012 5:11pm Jun 11, 2012 5:11pm
Quoting fontu
Overall bear ok weekly but daily consolidation not think over yet , so only scalping for timebeing when got time .
fontu
Beautiful....the second chart
I trade to live
  • #316,013
  • Jun 11, 2012 8:34pm Jun 11, 2012 8:34pm
Quoting Bones
Great I like it ,actually tho I take h4 ,I really on w1 d1 ,intrested to see your view of w1 ?
Good day to you,

Sorry for the late response. Had to sleep a bit...

As you very well know - I am not too comfortable trading weekly. Still learning the patience thingy. But I will attempt a view on weekly. Weekly in ranging condition for me,with a slightly bullish undertone...

I also have a possible hidden bullish divergence forming - but this not confirmed at this time. So if I have to give it weight, I will say 55% bullish, 45% bearish.

What is your take on weekly?

All success to you

Regards
  • #316,014
  • Jun 11, 2012 8:49pm Jun 11, 2012 8:49pm
Hope everyone is well and trading in the green......this is a tuff business -

Keep it real -

I have been absent in here because I have been refining my entry and exit points - although back testing is proving very profitable......I will be waiting a few more weeks of actual trade entries before posting info on my new setup.

Cheers to all....

Faller.
I don't trust any move - when you have profit...take it.
  • #316,015
  • Jun 11, 2012 9:01pm Jun 11, 2012 9:01pm
Quoting Faller
Hope everyone is well and trading in the green......this is a tuff business -

Keep it real -

I have been absent in here because I have been refining my entry and exit points - although back testing is proving very profitable......I will be waiting a few more weeks of actual trade entries before posting info on my new setup.

Cheers to all....

Faller.
Good day to you,

All the best with the studies.

Regards
  • #316,016
  • Jun 11, 2012 9:41pm Jun 11, 2012 9:41pm
I think is a good moment to open a mini long position to 1.5514 ,the daily pivot.
  • #316,017
  • Jun 11, 2012 10:01pm Jun 11, 2012 10:01pm
good morning
i'm trying to hold a long but looks like 5500 giving problems.
not clear direction for the moment.

i cutted most part of position and wait things to be clear.

if goes up can meet 56 area today. if down lower 54 is near.

let's see
90% of traders use TA, indicators and prediction
  • #316,018
  • Jun 11, 2012 10:07pm Jun 11, 2012 10:07pm
lol
i feel like if i close my long price will fly up 200 pips.

does this happen only to me ?!
90% of traders use TA, indicators and prediction
  • #316,019
  • Jun 11, 2012 10:17pm Jun 11, 2012 10:17pm
Quoting _BBKing_
lol
i feel like if i close my long price will fly up 200 pips.

does this happen only to me ?!
That happen the 99% of the time hahahahaha
  • #316,020
  • Jun 11, 2012 10:25pm Jun 11, 2012 10:25pm
Yeah I have longs an shorts,more down than up,
So a we spike down would be great to clear them out

Hard pair to work out for me,always on the wrong side of these dips
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