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Cable Update (GBPUSD)

  • #343,341
  • Jun 26, 2013 10:19am Jun 26, 2013 10:19am
Once you can identify trends, trading becomes so much easier.
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  • #343,342
  • Jun 26, 2013 10:21am Jun 26, 2013 10:21am
Quoting Rtm
Maybe this will bring some light to the understanding of the bear heads here! Picture says a thousand words {image}
Forget fundamentals bro. Just keep USD which is extremely strong
  • #343,343
  • Jun 26, 2013 11:11am Jun 26, 2013 11:11am
What do you think? It's my trading system.
I think to Sell about 1.5100

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"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." — Warren
  • #343,344
  • Jun 26, 2013 11:36am Jun 26, 2013 11:36am
Quoting mr-roma
What do you think? It's my trading system. I think to Sell about 1.5100 {image}
I don't really understand this. If you think it will reach 5100, roughly 330 pips lower than now, why not sell now? I don't understand waiting for 330 pips to slip away, and then selling closer to the bottom? If it's been working for you that's great. But I just don't get it.
Ghost Rider - WWTBMD?
  • #343,345
  • Jun 26, 2013 11:44am Jun 26, 2013 11:44am
No it's my testing strategy yet. I just trade at demo
"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." — Warren
  • #343,346
  • Jun 26, 2013 11:53am Jun 26, 2013 11:53am
Quoting mr-roma
No it's my testing strategy yet. I just trade at demo
That's great. I think every trader should test different strategies on a demo. I still trade a demo along with my live one as well. But if you think about what I said above, does it make sense to you?

If I may ask, how long have you been trading demo?
Ghost Rider - WWTBMD?
  • #343,347
  • Jun 26, 2013 12:03pm Jun 26, 2013 12:03pm
Quoting albchr
{quote} That's great. I think every trader should test different strategies on a demo. I still trade a demo along with my live one as well. But if you think about what I said above, does it make sense to you? If I may ask, how long have you been trading demo?

For this strategy? About a month, but I also tested it on H1 and M30 Charts.

PS. Sorry I don't know English well
"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." — Warren
  • #343,348
  • Jun 26, 2013 12:10pm Jun 26, 2013 12:10pm
Quoting mr-roma
{quote} For this strategy? About a month, but I also tested it on H1 and M30 Charts. PS. Sorry I don't know English well
Your English is very good! (I should be as smart...)

Yes, a month is not very long so it will probably take some time to see if it works for you. I wish you well with it.
Ghost Rider - WWTBMD?
  • #343,349
  • Jun 26, 2013 12:15pm Jun 26, 2013 12:15pm
Strong down day on daily, triangle forming on hourly, trend still down for now.
  • #343,350
  • Jun 26, 2013 12:34pm Jun 26, 2013 12:34pm
Quoting albchr
Your English is very good! (I should be as smart...)
Really? Thanks but I don't know well and of course it's very bad for trader, for me

Quoting albchr
Yes, a month is not very long so it will probably take some time to see if it works for you. I wish you well with it.
Yes, a month isn't a good time for good work, but I hope I can to won

When gold EMA crosses to red EMA and red lines will be up, it will be good signal to short, in my strategy
"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." — Warren
  • #343,351
  • Jun 26, 2013 12:52pm Jun 26, 2013 12:52pm
Quoting Maso
{quote} Today is targeting 1528. Mr King is always bearish on sterling as I said yesterday.
I told you all guys that cable is bearish today targeting 1528

For attention of those of you who don't believe me
  • #343,352
  • Jun 26, 2013 12:58pm Jun 26, 2013 12:58pm
Quoting Maso
{quote} I told you all guys that cable is bearish today targeting 1528 For attention of those of you who don't believe me
So what do you think about my 5260 for the week? Still two days.
Ghost Rider - WWTBMD?
  • #343,353
  • Jun 26, 2013 1:00pm Jun 26, 2013 1:00pm
Quoting mr-roma
What do you think? It's my trading system. I think to Sell about 1.5100 {image}
Rainbows are Fun...........
The More You Learn, The More You Earn.....
  • #343,354
  • Jun 26, 2013 1:08pm Jun 26, 2013 1:08pm
Quoting forexalien
{quote} Rainbows are Fun...........

Maybe, but every strategy is good, which you can to understand
"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." — Warren
  • #343,355
  • Jun 26, 2013 1:09pm Jun 26, 2013 1:09pm
Quoting albchr
{quote} So what do you think about my 5260 for the week? Still two days.

Well, both cable and fiber are bearish. If you have a look at monthly chart, it indicates a big fall for tomorrow and Friday.

It may go down even till 1.5 area

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  • #343,356
  • Jun 26, 2013 1:14pm Jun 26, 2013 1:14pm
Quoting Maso
{quote} Well, both cable and fiber are bearish. If you have a look at monthly chart, it indicates a big fall for tomorrow and Friday. It may go down even till 1.5 area {image}
1.5 and lower are my overall goals but not this week. I think if 5260 area is reached this week, it will provide some retrace before continuing down further. But we shall see.
Ghost Rider - WWTBMD?
  • #343,357
  • Jun 26, 2013 1:20pm Jun 26, 2013 1:20pm
Quoting albchr
{quote} 1.5 and lower are my overall goals but not this week. I think if 5260 area is reached this week, it will provide some retrace before continuing down further. But we shall see.
Good luck mate
  • #343,358
  • Jun 26, 2013 1:26pm Jun 26, 2013 1:26pm
Quoting Maso
{quote} Good luck mate
Ha ha...luck has nothing to do with it and neither do I. The market will do whatever it want's. I just try to be on the right side when it does...
Ghost Rider - WWTBMD?
  • #343,359
  • Jun 26, 2013 1:32pm Jun 26, 2013 1:32pm
Quoting albchr
{quote} Ha ha...luck has nothing to do with it and neither do I. The market will do whatever it want's. I just try to be on the right side when it does...

Good thinks
"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." — Warren
  • #343,360
  • Jun 26, 2013 2:14pm Jun 26, 2013 2:14pm
Quoting albchr
{quote} 1.5 and lower are my overall goals but not this week. I think if 5260 area is reached this week, it will provide some retrace before continuing down further. But we shall see.
mate, after further analyzing the chart, i do expect the price to get to 5220 before but seems like 5300 can provide significant support.. afterall, the price reached 5300 along with fiber reached 1.3. closed my shorts (from last week's) and will look for upside movement for the time being, unless of course, 5300 breaks..
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