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Cable Update (GBPUSD)

  • #336,501
  • Mar 3, 2013 10:00am Mar 3, 2013 10:00am
lol ,kinda limited outlook ,limited trader Id say

By the the way im not trading cable ,but I have way more criteria than that ,lets say break either way then what ??
what time frame you talking ?? its no good saying just that !

Quoting alex1976
Im looking for a break of either 5048 to the upside or 4984 to the downside.

Let's see what price does.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #336,502
  • Mar 3, 2013 10:08am Mar 3, 2013 10:08am
Quoting Bones
Im thinking about a senerio if it happens ,lol what ?/? are you on about ,
Bones, please don't get overly defensive about it. I wasn't attacking you, just saying your thought process is a little off, that's all.
  • #336,503
  • Mar 3, 2013 10:31am Mar 3, 2013 10:31am
[quote=inpatient;6486617]
Quoting nAVIN2007

I spent the whole of last year glued to the screen trying to catch quick trades working predominantly with Bollinger bands. Came out slightly negative and thought there has to be a better way. Il be back was talking about how he finds swing trading simpler and far less time consuming and i found alot of logic in that.
Instead of loading my account a few thousand and trying to scalp my way up (which im not good at) i came to a different strategy.

I decided to add much more capital to my account and i now simply...
Almost half way through your post I had this feeling that you were telling my forex life story!!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #336,504
  • Mar 3, 2013 10:43am Mar 3, 2013 10:43am
Ok im sorry ,listen why didnt you say that ,
Gbp CHf has closed on a gap I seen lots of times that often this will gap again in this case ,not that it def will

also gap over res ive seen is bullish ,bullish looking candle not quite peircing line w1 maybe defective peircing line off RN,off bullish set up from past
its my thought process , that if we gap up I will look to take bullish signals off the bottom of a range

Its not that im being defensive ,actualy its prob were pollls apart in our outlook to whats achievable


Quoting alex1976
Bones, please don't get overly defensive about it. I wasn't attacking you, just saying your thought process is a little off, that's all.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #336,505
  • Mar 3, 2013 10:45am Mar 3, 2013 10:45am
Quoting kamifx
First of all i should say very glad to see a lot of posts and full of valuable info. instead of chit-chat as other threads
But referring to your comment about another T/F;
Most of Forex Traders if i don't say all are Day traders and scalpers otherwise they switch to invest in Stock or other Markets
Many reasons have changed Forex Traders' Ideas and Methods:
If you look at the history of Pairs, you'll find out, Pairs are very volatile these years and most of traders prefer to get profit at the end of day or week cause if something happen...
"I think" ppl looking for short term scalps consider the longer term TFs to better the chances of making quicker wins. I mean the longer TFs may give you an Idea on which direction most of the momentum and volumes will be headed. Does that make any sense?

they may also Get lucky with a Trade that suddenly jumps more than 50 pips against some arbitrary fundamentals that occasionally occurs..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #336,506
  • Edited 12:41pm Mar 3, 2013 10:55am | Edited 12:41pm
sometimes vision a opinion on just how good a set up pays off
http://www.forexfactory.com/showthre...68#post6336168


http://www.forexfactory.com/showthre...56#post6337156


http://www.forexfactory.com/showthre...72#post6337072


Quoting alex1976
Thinking what price may do, doesnt matter, what price actually does, matters.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #336,507
  • Edited 11:41am Mar 3, 2013 11:28am | Edited 11:41am
Just looking how this ended this week .Hs reversal well placed lower tf , end of a wave apparently,got a probable good support ,etc all ok but still 5044 not breaking yet & next confirmation breaking 5049 for actually more up towards 5148 limit or as far possible . again price under huge pressure of H1,H4,daily bear breakout candle ( continuation but correction up also ok ) , weekly not so though & rather favour some correction before the down actually continue . Lets see , 5044 & 49 to decide immediately , may be before the market open . if not then a good doubt may come forward.
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 15 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #336,508
  • Mar 3, 2013 12:38pm Mar 3, 2013 12:38pm
also
http://www.forexfactory.com/showthre...53#post6379153


http://www.forexfactory.com/showthre...24#post6378924

its stressfull in this thread lol


Quoting alex1976
Bones, please don't get overly defensive about it. I wasn't attacking you, just saying your thought process is a little off, that's all.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #336,509
  • Mar 4, 2013 12:52am Mar 4, 2013 12:52am
Quoting kamifx
Don't be angry and be patient
As i said before 1.5045 is strong support now is strong Resistance to break for Strong area for opening Sell Position for new traders and be sure it gets to that area or at least 1.5066
Patience is the key for getting profit, we need momentum to get that area (after US News)
Referring to last week, these are some levels for day trading and suggesting the key support area
Attached Image
Don’t follow someone else’s trading advice blindly
  • #336,510
  • Mar 4, 2013 2:30am Mar 4, 2013 2:30am
ok , correction confirmed here but dog fight continues to prevent it . so watching 5023 H4 close , up for more up & down for turmoils again immediate term. if ok then 5058 break reconfirmation to limit up towards 5148. eu ,gu, gold ok for this style but audusd only tank more before joining may be .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 14 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #336,511
  • Mar 4, 2013 7:54am Mar 4, 2013 7:54am
Cable forum seems dead.


This relative strength considering the poor news for the UK today makes me think there is more likely a sustained rise ahead. Maybe not far but does this mean we have seen the end of the downtrend?

Anyone want to call the low of last week as the low?

I know the calls for 1.44 were strong last week, anyone still feel like this?

Come on guys, lets see some posting on here....
Money never sleeps...
  • #336,512
  • Edited 8:14am Mar 4, 2013 8:01am | Edited 8:14am
Well based on some lines I drew earlier today (still learning with lines) price broke through one which suggests some up movement. I suspect it will reach the 1.5100 to 1.5120 area. Price bounced off around that area a lot last week, there is a good chance it will make a nice resistance line this time.

Attached Image (click to enlarge)
Click to Enlarge Name: hmm.jpg Size: 250 KB


Attached Image (click to enlarge)
Click to Enlarge Name: hmm2.jpg Size: 326 KB


Probably due a small wave down before going up. Hopefully we will be there by the end of NY.
  • #336,513
  • Mar 4, 2013 9:45am Mar 4, 2013 9:45am
Quoting kamifx
Don't be angry and be patient
As i said before 1.5045 is strong support now is strong Resistance to break for Strong area for opening Sell Position for new traders and be sure it gets to that area or at least 1.5066
Patience is the key for getting profit, we need momentum to get that area (after US News)
Get to the area that last week mentioned about it though you have to wait for acceptable short signals (Don't try to open short position right away)
of course some traders expect like a baby get their hands and teach them how to walk in this risky market!!!!
After US lunch time you'll be sure see strong trend
Don’t follow someone else’s trading advice blindly
  • #336,514
  • Mar 4, 2013 10:26am Mar 4, 2013 10:26am
Are we seeing the end of downtrend? i need an expert/guru advise.
  • #336,515
  • Mar 4, 2013 10:30am Mar 4, 2013 10:30am
Quoting aftatech
Are we seeing the end of downtrend? i need an expert/guru advise.
Has the long term (daily) down trend line been broken? No. This is not the end of the downtrend.
Chance favors the prepared
  • #336,516
  • Mar 4, 2013 10:33am Mar 4, 2013 10:33am
I really should follow my own ideas
  • #336,517
  • Mar 4, 2013 10:33am Mar 4, 2013 10:33am
Quoting aftatech
Are we seeing the end of downtrend? i need an expert/guru advise.

would be unlikely considering the current situation in the UK (very poor information which is worsening by the week it seems).

Maybe a slight correction before more down moves.
Money never sleeps...
  • #336,518
  • Mar 4, 2013 11:58am Mar 4, 2013 11:58am
exited long positions at a profit.

tempted to go short but its not allowed in my strategy, will look to reload long from 1.50

im calling 1.512 the top of this small rally.
Money never sleeps...
  • #336,519
  • Mar 4, 2013 12:37pm Mar 4, 2013 12:37pm
cable is 2 part


Quoting inpatient
would be unlikely considering the current situation in the UK (very poor information which is worsening by the week it seems).

Maybe a slight correction before more down moves.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #336,520
  • Mar 4, 2013 12:39pm Mar 4, 2013 12:39pm
D1 looking to close ,ride could be rough as cable has been free fall
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd d1 4-3-13.png Size: 52 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
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