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Cable Update (GBPUSD)

  • #349,841
  • Oct 22, 2013 1:48pm Oct 22, 2013 1:48pm
Quoting polbanda
It's funny that if you are wrong you go to higher and higher TF's to find excuse for yours trade. That's why I never change a TIMEFRAME.

You never change your time frame? that is a scary thought. I always look to daily and weekly charts, even when trading off of a four hour chart.
  • #349,842
  • Oct 22, 2013 1:54pm Oct 22, 2013 1:54pm
Quoting nAVIN2007
{quote} i agree i think with tomorrow news on gbp i will be amazed if it does not cross 1.6250 I like yur honesty..good luck
thanks
  • #349,843
  • Oct 22, 2013 2:32pm Oct 22, 2013 2:32pm
Quoting Nate04
{quote} Again... *Possible* divergence... Nothing set in stone yet. {image}
Another one who uses the wrong MACD
New voice message: Why are you calling me? If I need you, I'll call you!
  • #349,844
  • Oct 22, 2013 2:35pm Oct 22, 2013 2:35pm
Quoting KillerWhale
{quote} Another one who uses the wrong MACD
If you got something better, please share. I'm open to new ideas if it increases my balance.
  • #349,845
  • Oct 22, 2013 2:39pm Oct 22, 2013 2:39pm
Quoting Nate04
{quote} If you got something better, please share. I'm open to new ideas if it increases my balance.
I posted the right files a few days ago in this thread.
An MACD should have 2 lines representing 2 moving averages and a histogram that represents the difference between those 2 moving averages.
What you have is 1 MA as a line, the other MA as a histogram.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #349,846
  • Oct 22, 2013 2:42pm Oct 22, 2013 2:42pm
Quoting KillerWhale
{quote} I posted the right files a few days ago in this thread. An MACD should have 2 lines representing 2 moving averages and a histogram that represents the difference between those 2 moving averages. What you have is 1 MA as a line, the other MA as a histogram.
Cool, I'm curious now. I'll look for it. Thanks.
  • #349,847
  • Oct 22, 2013 2:43pm Oct 22, 2013 2:43pm
use anybody in this thread renko or pips candle for live trading
  • #349,848
  • Oct 22, 2013 2:45pm Oct 22, 2013 2:45pm
Don't use Mac D at all, complete waist of chart space. You don't need it, and anyone who tells you you do is wrong.
  • #349,849
  • Oct 22, 2013 2:51pm Oct 22, 2013 2:51pm
Quoting Mr.C
Hey guys. Hope you're doing well. Sold GBP/USD @ 1,6220 minutes ago. Wish all a nice and profitable day!

Added one more cable short @ 1,6241. Might close the previous order when at least b/e will be reached. Both 1% risk positions. SLs on both orders @ 1,6270.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #349,850
  • Oct 22, 2013 2:55pm Oct 22, 2013 2:55pm
Quoting lonewolf1
Don't use Mac D at all, complete waist of chart space. You don't need it, and anyone who tells you you do is wrong.
To each their own. I use MACD and it works quite well for me. But what works for me obviously won't work for everyone.

In the end, all that matters is $$$.
  • #349,851
  • Oct 22, 2013 2:58pm Oct 22, 2013 2:58pm
Quoting Baggi
{quote} I am now. SL at 6160
I moved my stop loss to my entry, at 6144.

Rule 1 of the Baggi trading system is in effect.
  • #349,852
  • Oct 22, 2013 3:02pm Oct 22, 2013 3:02pm
Quoting fxmasterdxb
bearish engulfing in 15 mins candle, i'm shorting for few pips, SL 1.6255 & TP 1.6225
I think you hit your target price.
  • #349,853
  • Edited 3:28pm Oct 22, 2013 3:13pm | Edited 3:28pm
Done one step for the bull but nothing enough yet , breaks target first 6260 initial & 6381for gu , yes eu broken 3710 but there also great resistance at present & ahead & absolutely nothing happened to be happy with bull. so safest correction down to stable support for next try should be the dry test for real bull or crush whatever .scalping continues till work , risky enough though, ok as start of something good if & before go good short or not decision also.
anyway readying for next swing down , first time failed continue here in gu,eu,gold & others but still consistent in euraud gbpaud & even usdcad .
fontu
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurusdweekly.png Size: 44 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #349,854
  • Oct 22, 2013 3:19pm Oct 22, 2013 3:19pm
So, supply up to that previous 4hr/daily/minor weekly swing hi at 6259 persists...6246 the current and likely [?] daily hi...will see how daily candle closes ....1hr + in opa uptrends but zone to 6259 then zone to 6349 remain the most visible near-term upside obstacles. Good Uk 3rd Qtr Gdp data on Friday could help the bulls cause (or indeed hinder it .) Tomorrow Uk Boe Mpc's minutes may cause some movement either way.

G/L
Attached Image (click to enlarge)
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ex member
  • #349,855
  • Oct 22, 2013 3:22pm Oct 22, 2013 3:22pm
Quoting Baggi
{quote} I think you hit your target price.

The currency hasn't moved, how can someone hit their target?
  • #349,856
  • Oct 22, 2013 3:26pm Oct 22, 2013 3:26pm
Quoting lonewolf1
{quote} The currency hasn't moved, how can someone hit their target?
His target price was 1.6225 and it got close to that, if not hit that. I am on my cell phone so can't see the most recent low.

Which is why I used the word "think" instead of saying he did hit it.
  • #349,857
  • Oct 22, 2013 3:27pm Oct 22, 2013 3:27pm
....good news for the bulls - on this site's trade explorer currently 77% of lots are short ! lol

daily is below...candle not closed yet.

G/L
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ex member
  • #349,858
  • Oct 22, 2013 3:27pm Oct 22, 2013 3:27pm
Woo... read nearly around 20 pages and not one post on fundies.

Amazing... is it me or did anyone see the data that came out today? Jesus - poor is not the word and yet people are talking about shorting... US are fooked, classic example of manipulation from the US government... weaken the currency.
  • #349,859
  • Oct 22, 2013 3:35pm Oct 22, 2013 3:35pm
most here (me included) are tech traders but with a n eye on intraday event risks...there is a lot of intermittent discussion re these and the overall fundie / global macro environment but tech traders do not we derive our edges from [mostly, so the discussion tends to be tech analysis based in the main part of the trading day.

There is a perhaps a competitive devaluation going on and imo you overstate the importance of one data release.

G/L

Quoting guess121
Woo... read nearly around 20 pages and not one post on fundies. Amazing... is it me or did anyone see the data that came out today? Jesus - poor is not the word and yet people are talking about shorting... US are fooked, classic example of manipulation from the US government... weaken the currency.
ex member
  • #349,860
  • Oct 22, 2013 3:39pm Oct 22, 2013 3:39pm
Quoting bbmac
most here (me included) are tech traders but with a n eye on intraday event risks...there is a lot of intermittent discussion re these and the overall fundie / global macro environment but tech traders do not we derive our edges from [mostly, so the discussion tends to be tech analysis based in the main part of the trading day. There is a perhaps a competitive devaluation going on and imo you overstate the importance of one data release. G/L {quote}
Fair enough.

Nope... if you read my posts on this thread... there has been plenty of bad news.

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