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Cable Update (GBPUSD)

  • #322,221
  • Aug 21, 2012 9:28pm Aug 21, 2012 9:28pm
anyone have a view or opinion of the trading signals on dailyfx.com?

i have been watching them and making a log of the results and they are largely positive.

I did see them get the USDCAD wrong 'badly though' with a buy signal at the peak up at 1.04 back a couple of months ago
Money never sleeps...
  • #322,222
  • Aug 21, 2012 9:31pm Aug 21, 2012 9:31pm
Quoting inpatient
anyone have a view or opinion of the trading signals on dailyfx.com?

i have been watching them and making a log of the results and they are largely positive.

I did see them get the USDCAD wrong 'badly though' with a buy signal at the peak up at 1.04 back a couple of months ago

never trust a paid analyst.

Period.

Like the song says above........

Faller.
I don't trust any move - when you have profit...take it.
  • #322,223
  • Aug 21, 2012 9:38pm Aug 21, 2012 9:38pm
http://www.forexfactory.com/C:%5CUse...5Cgbdusdh4.gif
Attached Image (click to enlarge)
Click to Enlarge Name: gbdusdh4.gif Size: 18 KB
  • #322,224
  • Aug 21, 2012 9:43pm Aug 21, 2012 9:43pm
Quoting Caeser
http://www.forexfactory.com/C:%5CUse...5Cgbdusdh4.gif
It seems you have been following my hedging strategy.
Getting into a hedge like this is easy, getting out is a little harder. It's like letting go of a bulls tail in a bullring, you got to time your exit well or it might hurt.
I am in a similar situation for the last time I hope now that I am no longer daytrading, so I am just kidding with you as I sympathize.
Come with me if you want to live....
  • #322,225
  • Aug 21, 2012 9:52pm Aug 21, 2012 9:52pm
Quoting Ill-b-back
It seems you have been following my hedging strategy.
Getting into a hedge like this is easy, getting out is a little harder. It's like letting go of a bulls tail in a bullring, you got to time your exit well or it might hurt.
I am in a similar situation for the last time I hope now that I am no longer daytrading, so I am just kidding with you as I sympathize.
I don't usually do this all the time only when i become uncertain about my position. it gives me the edge of making adjustment without waiting for price to hit my SL. i hate to see my SL get hit especially when i am very sure of the direction.
  • #322,226
  • Aug 21, 2012 9:57pm Aug 21, 2012 9:57pm
Quoting Caeser
I don't usually do this all the time only when i become uncertain about my position. it gives me the edge of making adjustment without waiting for price to hit my SL. i hate to see my SL get hit especially when i am very sure of the direction.
Well, that pretty much sums me up to.
When we finally broke north of 5660 area I was long to the 50fib at 5781.
Then I started hearing bearish calls and we had a decent 4hr spike back below 5660 and I thought uh oh, typical Cable, it's going to F#%k me over again, so I hedged.
Oh well, I'm holding until a get a swing signal, which I suspect will be high up to short. I'll offload my longs then see if I can make up the 60 pip deficit on my shorts plus some extra.
All the best...
Come with me if you want to live....
  • #322,227
  • Aug 21, 2012 10:04pm Aug 21, 2012 10:04pm
il be back, you must not sleep much? you seem like a 24/7 machine

hope you make the most of your weekends my friend. seems like you deserve them
Money never sleeps...
  • #322,228
  • Aug 21, 2012 10:18pm Aug 21, 2012 10:18pm
Quoting inpatient
il be back, you must not sleep much? you seem like a 24/7 machine

hope you make the most of your weekends my friend. seems like you deserve them
Its ok Inpatient, 1.15pm here, the suns out and been looking after the baby all morning, now off to work for a few hours.
Get about 6hrs/night sleep so fairly ok.
I'm addicted, so when keen like everyone else is, it's a little easier to do.
How's your headache? I hope all ok now

I've got to go, chat soon dude, take care
Come with me if you want to live....
  • #322,229
  • Aug 21, 2012 10:37pm Aug 21, 2012 10:37pm
Before any indicator moves........price moves first.

Faller.
I don't trust any move - when you have profit...take it.
  • #322,230
  • Aug 22, 2012 12:17am Aug 22, 2012 12:17am
Quoting bguguen
Pls forgive me but id like to make a shout
Seeing possible reversal on h4 chart to go back to atleast 1.5710 and 1.5650 i. Extension
Not in front of computer but the idea is if ppl are shorting up here, put ur sl 10pip above today's high, and ur tp at 1.5710 and 1.5650 in extension, i may be wrong but id give it a go due to potentially good risk reward depending on ur entry
Trade triggered according to theory, Shorted at 1.5780 sl at previous high 1.5805 1st tp at 1.5700 2nd tp at 1.5650
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #322,231
  • Aug 22, 2012 12:20am Aug 22, 2012 12:20am
Quoting bguguen
Trade triggered according to theory, Shorted at 1.5780 sl at previous high 1.5805 1st tp at 1.5700 2nd tp at 1.5650

did you close your Aussie short from the other day?
I don't trust any move - when you have profit...take it.
  • #322,232
  • Aug 22, 2012 12:30am Aug 22, 2012 12:30am
Quoting Faller
did you close your Aussie short from the other day?
not yet
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #322,233
  • Aug 22, 2012 12:38am Aug 22, 2012 12:38am
Quoting bguguen
not yet

GOOD!

it is 6:30AM where you are.....it is 1:30AM where I am......
I don't trust any move - when you have profit...take it.
  • #322,234
  • Aug 22, 2012 12:42am Aug 22, 2012 12:42am
Quoting Faller
GOOD!

it is 6:30AM where you are.....it is 1:30AM where I am......
see you dont really pay much attention do you.. im in Hong Kong during my summer break... its 1:41 PM here...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #322,235
  • Aug 22, 2012 1:05am Aug 22, 2012 1:05am
Come with me if you want to live....
  • #322,236
  • Aug 22, 2012 1:36am Aug 22, 2012 1:36am
Morning all, any trade ideas for pound? are we going up and then we will see some retracement?
Loosening is not an option
  • #322,237
  • Aug 22, 2012 1:46am Aug 22, 2012 1:46am
I have no clear direction... to me its a crap shoot. 15 minutes and hopefully we can get a better gauge of what the hell is going on.
  • #322,238
  • Aug 22, 2012 1:47am Aug 22, 2012 1:47am
Quoting nAVIN2007
just remember every bum that came into forex exited cause the bum didnt expect to be working for success.

question is do u want to be that bum..?

u wont give up..u love it to much
btw nav i took that aggressive trade i was talking about earlier... that one where TP at 1.5700 and 5650 with SL at previous high at 1.5805
Entered at 1.5780
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #322,239
  • Aug 22, 2012 1:54am Aug 22, 2012 1:54am
Quoting bguguen
btw nav i took that aggressive trade i was talking about earlier... that one where TP at 1.5700 and 5650 with SL at previous high at 1.5805
Entered at 1.5780
Watch 5735-40 area mate, there's a few daily and weekly bullish closes there, could be support zone. We also had a strong finish yesterday.
Come with me if you want to live....
  • #322,240
  • Aug 22, 2012 1:55am Aug 22, 2012 1:55am
Hey Gang,

Great to see you Nav,
-"Tip top" of the Morning in here...
Yeah, 'don't know why 'so chipper other than i HAVEN'T been
staring at the charts the last few hr's but fixing the house before
the mrs. comes back!

Well,
We rose above some 50% fib's w/a nice run up, w/only...
About a 38.2% Retrace of Yesterdays move up, (NOT on My Chart).
I put the Fib's in from the "Bigger", Run's UP, then back (Down)...

"Best of Pipping Gang",
Myself i want long,
-I Stuck around looking for a longer run "NORTH" & didn't T.P. yesterday...
We'll see who know's...

Anyway,
Have a Great One All,

Jeff P.S. Again, Great to See you Navin!
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