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Cable Update (GBPUSD)

  • #321,841
  • Aug 17, 2012 10:03am Aug 17, 2012 10:03am
Quoting TauTrader
good day to you,sir

Never joke, except inbetween.

Hehe.

No. Our signals are just similar. That is all. Nothing more. Nothing less.

You have no idea how much you are rated.

If I could give you another 10V - I would.

Regards
my bad http://www.pic4ever.com/images/shame.gif
  • #321,842
  • Aug 17, 2012 10:14am Aug 17, 2012 10:14am
Good day,

We can go up all we want...

I believe we will see 1.5660

regards
  • #321,843
  • Aug 17, 2012 10:32am Aug 17, 2012 10:32am
Quoting PoundTrader
im was never bullish in fact it wont surpise me if we see 1.5598 today

mainly Nav and Ill be back with Bullish sentiment bro, i was bearish all along but im happy with my lot for the week and happy with my exits too.

Again thanks to all.
Money never sleeps...
  • #321,844
  • Aug 17, 2012 10:35am Aug 17, 2012 10:35am
1,58-59 next days or week
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  • #321,845
  • Aug 17, 2012 10:39am Aug 17, 2012 10:39am
Ok - closed old shorts.

Check my bigscreen....

I hope to profit from them.

But short

Regards
  • #321,846
  • Aug 17, 2012 11:28am Aug 17, 2012 11:28am
now you know why i got out when i did, can't wait till next week
  • #321,847
  • Edited 12:23pm Aug 17, 2012 11:39am | Edited 12:23pm
http://www.forexfactory.com/attachme...5&d=1345220632


====


http://www.babypips.com/school/image...divergence.png


====

the other side of GU in quarter time frame analysis : imho
Quoting iqyu5an
http://www.forexfactory.com/attachme...3&d=1345183489


close my short at 50 fibo daily ( top of dark red box ). and flat

waiting another setup
not euphoria follower
  • #321,848
  • Aug 17, 2012 2:27pm Aug 17, 2012 2:27pm
The Low to High ranges for this last week are at multi year lows for some currency pairs. Specifically:

 

  1. GBPUSD: 109 pips, lowest since March 29, 2002

  • #321,849
  • Aug 17, 2012 2:34pm Aug 17, 2012 2:34pm
Quoting inpatient
mainly Nav and Ill be back with Bullish sentiment bro, i was bearish all along but im happy with my lot for the week and happy with my exits too.

Again thanks to all.
Hey Inpatient, I know it can be hard when there are conflicting sentiments in the thread, it can make us nervous, I suffer from this big time, this partly why once I'm out of this hedge of mine, I'm only swing trading since I have far more confidence in those than day trades.
Have a great weekend dude
Come with me if you want to live....
  • #321,850
  • Aug 17, 2012 5:51pm Aug 17, 2012 5:51pm
The Monthly chart showing the inverted flag formation (wedge) shows the range is tightening into a coiled spring for a break out. I am looking at September for the actual break out to occur. There is cluster sma resistance sitting above the current price levels, and Market Sentiment is uncertain.

The bearish engulfing candle from May is still in control at this time. Inside bars from June, July, and August (so far) indicate a tendency to break down from the wedge.
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  • #321,851
  • Aug 17, 2012 6:07pm Aug 17, 2012 6:07pm
The weekly chart shows the series of higher lows the previous 12 candles, since the rejection at the white 23 fib. The red 200 sma is still capping the upside for now. The midway point of the May monthly bearish engulfing candle is around 1.5802. As long as 1.5800 holds, the long term fall from 2.1100 is still in progress, after making lower highs at 1.7034, 1.6745, 1.6617, and 1.6301.
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  • #321,852
  • Aug 17, 2012 6:12pm Aug 17, 2012 6:12pm
Quoting PoundTrader
yes i can see that by monday
Morning,evening?how can i copy one trade if i dont know the details? =))
  • #321,853
  • Aug 17, 2012 10:00pm Aug 17, 2012 10:00pm
Quoting Ill-b-back
Hey Inpatient, I know it can be hard when there are conflicting sentiments in the thread, it can make us nervous, I suffer from this big time, this partly why once I'm out of this hedge of mine, I'm only swing trading since I have far more confidence in those than day trades.
Have a great weekend dude

i suffer from this not just in my trading but in most ways, i have always been easily led and tend to question myself alot. Particularly with trading because i lack sufficient experience to believe in myself too much. I know most of you guys have much more time in the game and i will always be very interested to read how you see things transpiring at any point in time.

Maybe as time progresses i will become more sure of my own opinions but for now i am happy to take into account a consensus of several people that i have learnt to respect. Yourself, Nav, Poundtrader, bbking, fontu, redbeben and three or four more. I became good in business not because i was a natural but because i always looked to learn from those around me. I suppose trading is a work in progress for all of us and im also aware that trying to read the likely moves of something that is a living and breathing animal will always have its difficulties because we all know in reality anything can happen at any time. The trick is trying to learn what is most likely and to what degree of risk. In making these decisions i feel we are lucky to have this forum to be able to see into the minds of more experienced traders. I am 100% certain i would have made less money in my time trading if this forum did not exist. For me the forum is the guys named earlier and if they help me make things work then i owe them alot.

And i do so thanks,
Money never sleeps...
  • #321,854
  • Aug 17, 2012 10:10pm Aug 17, 2012 10:10pm
Quoting PoundTrader
no i never seen a trend like this please help me
Me help you, u kidding PT. always seeing ur entry point was magic really mathematics.
I am still learning from you and others in here.
But if u like mathematics, try to build a model with krigeage theory gaussian models, i used in some others random data in others domain it gives me good estimation.
Really i like to use it but i do not have much time to build it cause i am not fulltime trader .

Again I believe ur among the best traders in this business
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #321,855
  • Aug 17, 2012 10:23pm Aug 17, 2012 10:23pm
Quoting freeRider
Rollercoaster !!

I like your way of looking at things, that's why I would like to ask you (and everyone else that would like to contribute) to suggest me some good material to study to improve my skills.

Thanks a lot !
And regards
Good day to you, sir

My apology for the belated reply. Ok - so you want to improve your skills...when you talk about the need for "good material" - what exactly are you after?

Could you kindly indicate what it is you need? Where do you feel you want to improve? Maybe post up a chart of how you currently look at things...

Let us start there.

All the best to you

Regards
  • #321,856
  • Aug 17, 2012 10:26pm Aug 17, 2012 10:26pm
Quoting inpatient
i suffer from this not just in my trading but in most ways, i have always been easily led and tend to question myself alot. Particularly with trading because i lack sufficient experience to believe in myself too much. I know most of you guys have much more time in the game and i will always be very interested to read how you see things transpiring at any point in time.

Maybe as time progresses i will become more sure of my own opinions but for now i am happy to take into account a consensus of several people that i have learnt to respect. Yourself,...
Hi Inpatient, yep I suffer from this stuff a bit in life also.
I'm not going to day trade anymore, I completely suck at it. I decided to give it a try this year to get me more involved, but it is costing me money and not worth it.
I'm sticking to swing trades on different timeframes which is what I was doing last year to avoid the chop and market indecision, plus it's not practical to monitor day trades. Just looking for confluence of swing points at the close of each day, no confluence, no trade. This allows me to place the trade and walk away, no monitoring throughout the day, no trailing stops, it suits my current life situation, but need patience to wait for setup that's all.

So I'm going to keep my keyboard shut so to speak with regards to trading ideas until a swing opportunity arrives. I'll still BS around with PT and some others as this is some of the reason I am here.

Have a great weekend dude and enjoy the pips
Come with me if you want to live....
  • #321,857
  • Aug 18, 2012 2:31am Aug 18, 2012 2:31am
Quoting ovaforty
The Monthly chart showing the inverted flag formation (wedge) shows the range is tightening into a coiled spring for a break out. I am looking at September for the actual break out to occur. There is cluster sma resistance sitting above the current price levels, and Market Sentiment is uncertain.

The bearish engulfing candle from May is still in control at this time. Inside bars from June, July, and August (so far) indicate a tendency to break down from the wedge.
very good breakdown of chart
  • #321,858
  • Aug 18, 2012 12:49pm Aug 18, 2012 12:49pm
Only makes sense - When demand buys(spikes) into a supply Bar - then Price has to get back to where the supply bar started - 1.5730s , and that sucka was determined to get there..

Check out the demand Clusters on the way up- Is Trading easy ? Suuurree..lol
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  • #321,859
  • Aug 18, 2012 12:54pm Aug 18, 2012 12:54pm
Quoting bguguen
Mark my words... GBPUSD daily close below 1.5700
called teh top for today at 1.5710 and fucking market had to push it up to 1.5711... Thank you Mr. Market for screwing with me lol...1 pip above my top those arses....
oh im sorry... fucked up my analysis by a day....
ended the week below 1.5700, good stuff right there....
like i said we will see a close below 1.57, got the timing wrong since banks aimed for end of day stop hunting around 1.5740 on thursday....

oh well....
Got me nice winnings this week...
time to get back to my holiday mood....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #321,860
  • Aug 18, 2012 1:12pm Aug 18, 2012 1:12pm
Question to Ponder ...
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