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Cable Update (GBPUSD)

  • #353,741
  • Nov 20, 2013 1:33pm Nov 20, 2013 1:33pm
Quoting Baggi
{quote} I've noticed my daily candles look different depending on the chart I'm looking at. In my TD Ameritrade account, they look different than in my MT4 account. Why is this? The daily candles/charts have different closing periods/times?
I only use mt4 for charting and its pretty important imo to have a 5 day week chart with the daily candles closing at new york close, 4 hour candles and dailys can appear completely different giving you false signals, I use axi trader demo for charting
  • #353,742
  • Nov 20, 2013 1:33pm Nov 20, 2013 1:33pm
Quoting fontu
Last weekend ...week. fontu

Which line shows what?
The Market pays you to be disciplined
  • #353,743
  • Nov 20, 2013 1:42pm Nov 20, 2013 1:42pm
Quoting lostintrade
Back to 6140 before US close
more likely that we will see S1 = 1,6082, i guess.
fortis fortuna adiuvat
  • #353,744
  • Nov 20, 2013 1:47pm Nov 20, 2013 1:47pm
Quoting JimmyC
{quote} Now have short EU, Bearflag / breach of rising channel target 1.3269 fundamental discussion of ECB potential negative deposit rates. Set stop at own R/R 1.3587 Good evening all G/L
I'm closing 1.34261 from 1.35156 support @ 1.34162 has held 3 times, enough for me...
  • #353,745
  • Edited 2:04pm Nov 20, 2013 1:48pm | Edited 2:04pm
Quoting mima
{quote} Which line shows what?
Sorry , not know exactly when & where they were drawn , anyway some importance must be there as sr or probable sr perhaps ,
Gold chart , ,as last leg down running/ of 5th correction down ,Target 1180 breaks for last limit for bull 1032 !! my long time target /breaks even possible with different explanation if!whatever should be multi-year low in gold running & perhaps many other pairs also.Now in buy areas playing only.

Actual expectation it & all others stay for longer time at down > over year before the bounce start!!

That is why ,no absolute BUY or SELL for any currency or metal yet !!

So either breaks 1180 or test & break 1433.72 & last 1488.08 to confirm bounce start towards highest level again.This week targets 1200/1180.

Thanks ,
take care ,
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #353,746
  • Nov 20, 2013 1:56pm Nov 20, 2013 1:56pm
Quoting fontu
...Sorry ...Thanks , take care , fontu...
Thank you.
The Market pays you to be disciplined
  • #353,747
  • Nov 20, 2013 1:58pm Nov 20, 2013 1:58pm
Quoting akki300986
{quote} this is the news you buy euro's on buddy.. load them up! they on discount... they wont and cant go negative depo rate.. eur/chf is to be constant which means negative ecb rate will force jordan, swiss central banker, to cut his rates negative too... on tp of this germany wont let this happen as what it means is that its cash rick instituions will be foreced to pay money to be cash rich and inflation... net net this is just talk.. too much political-structural issues... buy euros
akki300986

With all due, its my experience that if you try to catch a falling knife you cut your fingers. You preach fundamentals then you say the above quoted. You seem to me to be more of an investor than a trader. We're here for the quicker moves and news threatening a negative deposit rate is good enough to move the market (clearly).

I appreciate we all use our own edge but I am a technical analyst and I'm still here.

I'll appreciate if you don't chirp on my backswing and I won't chirp on yours, its disrespectful.

Share your trading views please just remain calm on counter calls especially in the light of the 100 pip move I scalped. It has a way to go, I just have what I want.

This is only a buying opportunity till support is found, confirmation candles are in place etc. Countering a huge obvious news trend is just irresponsible in a public forum like this where others could suffer serious financial harm if you do not quantify your view, timeframe etc.

Be cautious with your knowledge, we All only get it right some of the time... There is no holy grail, just an edge, discipline, risk control and money management.

G/L
  • #353,748
  • Nov 20, 2013 2:18pm Nov 20, 2013 2:18pm
Quoting JimmyC
{quote} akki300986 With all due, its my experience that if you try to catch a falling knife you cut your fingers. You preach fundamentals then you say the above quoted. You seem to me to be more of an investor than a trader. We're here for the quicker moves and news threatening a negative deposit rate is good enough to move the market (clearly). I appreciate we all use our own edge but I am a technical analyst and I'm still here. I'll appreciate if you don't chirp on my backswing and I won't chirp on yours, its disrespectful. Share your trading...

market will humble him..his ego is HUGE
  • #353,749
  • Nov 20, 2013 2:19pm Nov 20, 2013 2:19pm
Quoting akki300986
{quote} this is the news you buy euro's on buddy.. load them up! they on discount... they wont and cant go negative depo rate.. eur/chf is to be constant which means negative ecb rate will force jordan, swiss central banker, to cut his rates negative too... on tp of this germany wont let this happen as what it means is that its cash rick instituions will be foreced to pay money to be cash rich and inflation... net net this is just talk.. too much political-structural issues... buy euros
the problem with your advice is it's not technically framed. I ignored everything you've been saying (despite enjoying the debates and making research notes) and sold off on EU. Your advice may be right, but i can enter the market like this and still be right too. I did all this before and despite any news. The market moves how it moves and cannot go in straight lines. We have to go up to go down, and vice versa. We have to observe pit stops along the way or we stall. Technical analysis can allow long and short to be correct.
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  • #353,750
  • Nov 20, 2013 2:23pm Nov 20, 2013 2:23pm
Quoting nAVIN2007
{quote} market will humble him..his ego is HUGE
Lots of people make trade calls. I hope nobody listens to anyone ever. Especially general directional calls. I like the debate this guy promotes tho, it's interesting.
There are a couple people on here i like to get a warm feeling knowing im of the same mind, but other than that we must all trade our own stuff and more importantly have the conviction to know we are right to pull the trigger when and where we believe.
  • #353,751
  • Nov 20, 2013 2:30pm Nov 20, 2013 2:30pm
Quoting aBitWonKy
{quote} Lots of people make trade calls. I hope nobody listens to anyone ever. Especially general directional calls. I like the debate this guy promotes tho, it's interesting. There are a couple people on here i like to get a warm feeling knowing im of the same mind, but other than that we must all trade our own stuff and more importantly have the conviction to know we are right to pull the trigger when and where we believe.
Sir,

it seems to me your journey is beginning to be fruitful.

keep learning

+V
  • #353,752
  • Nov 20, 2013 2:35pm Nov 20, 2013 2:35pm
Quoting JimmyC
{quote} Sir, it seems to me your journey is beginning to be fruitful. keep learning +V
thanks m8 - i've been at this a long time tho learning NEVER stops. I'll listen to what anyone has to offer.
  • #353,753
  • Nov 20, 2013 2:43pm Nov 20, 2013 2:43pm
Quoting Baggi
{quote} I've noticed my daily candles look different depending on the chart I'm looking at. In my TD Ameritrade account, they look different than in my MT4 account. Why is this? The daily candles/charts have different closing periods/times?
Howzit Baggi

Eish yo,

Your candles will reflect the time frame of your broker. So if one is US and the other is Europe / UK then the candles do indeed look different.

Hope that helps
  • #353,754
  • Nov 20, 2013 2:44pm Nov 20, 2013 2:44pm
Quoting aBitWonKy
{quote} Lots of people make trade calls. I hope nobody listens to anyone ever. Especially general directional calls. I like the debate this guy promotes tho, it's interesting. There are a couple people on here i like to get a warm feeling knowing im of the same mind, but other than that we must all trade our own stuff and more importantly have the conviction to know we are right to pull the trigger when and where we believe.
Quoting JimmyC
{quote} Sir, it seems to me your journey is beginning to be fruitful. keep learning +V
I second that.

+V and subscribed too.
Those who say it cannot be done should not interrupt those who are doing it
  • #353,755
  • Nov 20, 2013 2:47pm Nov 20, 2013 2:47pm
Quoting aBitWonKy
{quote} Lots of people make trade calls. I hope nobody listens to anyone ever. Especially general directional calls. I like the debate this guy promotes tho, it's interesting. There are a couple people on here i like to get a warm feeling knowing im of the same mind, but other than that we must all trade our own stuff and more importantly have the conviction to know we are right to pull the trigger when and where we believe.
You mention a flag in the middle. I can't see it.

Nice trades though
  • #353,756
  • Nov 20, 2013 2:55pm Nov 20, 2013 2:55pm
Quoting aBitWonKy
{quote} thanks m8 - i've been at this a long time tho learning NEVER stops. I'll listen to what anyone has to offer.
PS it was your chart and your attitude.

G/L
  • #353,757
  • Nov 20, 2013 3:00pm Nov 20, 2013 3:00pm
Quoting PipTrapper
{quote} {quote} I second that. +V and subscribed too.
thanks I dont have much time to post but i will try to add where i can.
  • #353,758
  • Nov 20, 2013 3:06pm Nov 20, 2013 3:06pm
Quoting aBitWonKy
{quote} Lots of people make trade calls. I hope nobody listens to anyone ever. Especially general directional calls. I like the debate this guy promotes tho, it's interesting. There are a couple people on here i like to get a warm feeling knowing im of the same mind, but other than that we must all trade our own stuff and more importantly have the conviction to know we are right to pull the trigger when and where we believe.

This is what my experience has told me:-

1) market is there to confuse
2) u will work to get your pips
3) the market can always go north or south equally, its never a sure thing
this is the most impt..as u develop as a trader u will see formations and patterns naturally and u will play them out in yur head b4 they materialise, screen time will build this catalogue of patterns and only success will build confidence..eventually this catalogue will be so huge..u will know which setups to take and execute..u will only ever find the strength and conviction to stay in yur trades because off yur previous success..

** understand your fears**



there are only a few traders that post where i actually think ..i need to take notice
I wish u well
  • #353,759
  • Nov 20, 2013 3:13pm Nov 20, 2013 3:13pm
Howzit GU

GU Daily

The chart speaks for itself, I hope. Doji, hammer and sort of shooting star. Range bound stuck in range and moving down for now.
DXY is currently breaking out to the upside of a falling wedge I have a target at 81.56.

Implications for GU would be weakening.

News tomorrow will focus mostly on USD, tactical chart attached with multiple possibilities.

I'm off to bed...

G/L
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  • #353,760
  • Nov 20, 2013 3:20pm Nov 20, 2013 3:20pm
Quoting 1pipperhour
{quote} You mention a flag in the middle. I can't see it. Nice trades though
some notes there too.... sorry it's EU but the subject followed the 'buy Euro' statement (which may still be correct - i dont think so tho).
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