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Cable Update (GBPUSD)

  • #326,201
  • Oct 9, 2012 2:57am Oct 9, 2012 2:57am
Quoting redbeben
have you been trading for a long time ? or it is just a hobby ?

this was a small move

when Draghi farts mountains tumble and rivers boil
Shit then you made Big Ben sound like the Apocalypse...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,202
  • Oct 9, 2012 3:00am Oct 9, 2012 3:00am
Quoting bguguen
You are right with the EURUSD short... in fact put your SL at 1.2780 and ill see you with a big smile next week

i hope so ..i need to step up on the trading!!
  • #326,203
  • Oct 9, 2012 3:01am Oct 9, 2012 3:01am
Quoting bguguen
Shit then you made Big Ben sound like the Apocalypse...
Mark Twain (one of my favorites) once said:“The difference between the almost right word and the right word is really a large matter – it's the difference between the lightning bug and the lightning.”


I can just adapt it to what you just said and say ''it's the difference between the Big Ben and the Big Bang''
  • #326,204
  • Oct 9, 2012 3:02am Oct 9, 2012 3:02am
iMF also downgraded UK growth another factor for the drop!
  • #326,205
  • Oct 9, 2012 3:04am Oct 9, 2012 3:04am
Simple rule for me today....wait 1 hour after Mario finishes for everyone to digest and then we will see direction for rest of day. If I miss it then so be it. Technically, everything says down with the Euro but for some reason, still not convinced on GBP.
  • #326,206
  • Oct 9, 2012 3:04am Oct 9, 2012 3:04am
Quoting bbakker
iMF also downgraded UK growth another factor for the drop!
Well what have i been saying since june?? Negative GDP, UK to enter double dip recession, now Growth Forecasts being downgraded....
wana know whats next??
UK to lose its AAA rating.... along with MORE BOE QE!!! its inevitable guys, face the facts!

Oh by the way... did olympics help the british economy? i dont think so... especially when the damn bankers kept the pound around 1.63 during the whole time...

Now that olympics is done... finally GBP dropping....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,207
  • Oct 9, 2012 3:06am Oct 9, 2012 3:06am
Quoting gavalar
Simple rule for me today....wait 1 hour after Mario finishes for everyone to digest and then we will see direction for rest of day. If I miss it then so be it. Technically, everything says down with the Euro but for some reason, still not convinced on GBP.

Very wise Gav, I hope to be that wise one day
  • #326,208
  • Oct 9, 2012 3:07am Oct 9, 2012 3:07am
Quoting bguguen
Buddy, the thing i learned in pain is bollingerband is not 60% accurate most of the time... when market starts to trend, you'll see bollinger band expand and extend on and on and on..... makes you wonder why you'd even use bollinger band in the first place...

I will share with you the secret word "deviation" . when using BB, we should adjust our brain for deviation, not accuracy.

-X-
deep RoT is essential for everlasting happyness
  • #326,209
  • Oct 9, 2012 3:10am Oct 9, 2012 3:10am
Quoting redbeben
have you been trading for a long time ? or it is just a hobby ?

this was a small move

when Draghi farts mountains tumble and rivers boil
been doing demo and cent account for ages, its different when doing the real account isn't it.

BTW what leverage are you using.

>>when Draghi farts mountains tumble and rivers boil<< that is soo true
deep RoT is essential for everlasting happyness
  • #326,210
  • Oct 9, 2012 3:12am Oct 9, 2012 3:12am
Quoting X.work
I will share with you the secret word "deviation" . when using BB, we should adjust our brain for deviation, not accuracy.

-X-
buddy i know all about deviation and bollinger bands... im studying this for my bachelors in global finance buddy and i dont like bollinger bands, i also happen to have 5 years of forex trading in my belt of the 5 years ive been trading, i did use bollinger band for a year but it never worked out well for me... i love bollinger bands when its not trending cuz then you know which moves are fakeouts but when it starts to trend. you get really confused and wonder
but if it works for you, then by all means trade it as you please.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,211
  • Oct 9, 2012 3:21am Oct 9, 2012 3:21am
Quoting redbeben
1.6121 line in sand
if we close above we go 1.6032 and 1.6043 from where short

I'lll try to wait for at least above 6020 to short....me being patient
see what you like

I'm in a small sell @ 6023 and will reload higher @ 6040-43 if we go there

I just don't like to jump in big now on shorts no matter the big picture and 1.59 till friday.

I can't stand the heat of the DD anymore
  • #326,212
  • Oct 9, 2012 3:23am Oct 9, 2012 3:23am
on 30 minute chart, stochastic and macd showing upward deviation. what do you guys think about it.

-X-
deep RoT is essential for everlasting happyness
  • #326,213
  • Oct 9, 2012 3:24am Oct 9, 2012 3:24am
Quoting X.work
on 30 minute chart, stochastic and macd showing upward deviation. what do you guys think about it.

-X-
what's macd?
  • #326,214
  • Oct 9, 2012 3:31am Oct 9, 2012 3:31am
Quoting redbeben
what's macd?
Big Burger, Cheese burger, does it ring a bell,
deep RoT is essential for everlasting happyness
  • #326,215
  • Oct 9, 2012 3:31am Oct 9, 2012 3:31am
Quoting X.work
on 30 minute chart, stochastic and macd showing upward deviation. what do you guys think about it.

-X-
And what does Stochastic and Macd tell you in HIGHER TF?? 30 minute means nothing to me.... i make profit on 100 pip moves and 20-30 pips SL dude....

watching movements on 30 minute during London and New York gives me heart attacks... though im very young....

Very often new traders come in trying their luck on fast money trading lower tfs and they get burned for doing that... especially when market is a mess, you should zoome out to try using H4, Daily and weekly to trade...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,216
  • Oct 9, 2012 3:32am Oct 9, 2012 3:32am
Quoting bguguen
And what does Stochastic and Macd tell you in HIGHER TF?? 30 minute means nothing to me.... i make profit on 100 pip moves and 20-30 pips SL dude....

watching movements on 30 minute during London and New York gives me heart attacks... though im very young....

Very often new traders come in trying their luck on fast money trading lower tfs and they get burned for doing that... especially when market is a mess, you should zoome out to try using H4, Daily and weekly to trade...

-1.1 ..wow
  • #326,217
  • Oct 9, 2012 3:33am Oct 9, 2012 3:33am
Victory doesnt come close to this.... Beautiful early short GBPUSD entry i did....



See that wick up to test 1.6020 in this current H1 chart? well THAT was the retest i was talking to you about... the RETEST of the Broken Asian Low....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd h1.gif Size: 21 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,218
  • Oct 9, 2012 3:35am Oct 9, 2012 3:35am
Quoting nAVIN2007
-1.1 ..wow
Bro, wt you wowing about?? love to get me a double sausage mcmuffin early in the morning though....
Probably gona get me one before uni later today.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #326,219
  • Oct 9, 2012 3:40am Oct 9, 2012 3:40am
Quoting bguguen
And what does Stochastic and Macd tell you in HIGHER TF?? 30 minute means nothing to me.... i make profit on 100 pip moves and 20-30 pips SL dude....

watching movements on 30 minute during London and New York gives me heart attacks... though im very young....

Very often new traders come in trying their luck on fast money trading lower tfs and they get burned for doing that... especially when market is a mess, you should zoome out to try using H4, Daily and weekly to trade...
I'm a pensioner, and I was taught to use TF15 back in Forex school days.
How old are you?
I would agree on using H4, and bigger time frame, did they teach you that in your forex training?

-X-
deep RoT is essential for everlasting happyness
  • #326,220
  • Oct 9, 2012 3:40am Oct 9, 2012 3:40am
Quoting bguguen
And what does Stochastic and Macd tell you in HIGHER TF?? 30 minute means nothing to me.... i make profit on 100 pip moves and 20-30 pips SL dude....

watching movements on 30 minute during London and New York gives me heart attacks... though im very young....

Very often new traders come in trying their luck on fast money trading lower tfs and they get burned for doing that... especially when market is a mess, you should zoome out to try using H4, Daily and weekly to trade...
Totally agree with you statement bguguen! I am new to forex and like u said i tried M5 TF and heart pounds all the time and almost got heart attack! LOL! When i start looking at this thread i really learn a lot from you guys. Like you, Navin, Poundtrader, RedBenben etc. Looking forward to learn more from you guys.
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