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Cable Update (GBPUSD)

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  • Post #211,761
  • Quote
  • Mar 31, 2010 12:06am Mar 31, 2010 12:06am
  •  malcolmb14
  • Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,883 Posts
Quoting forexlion
Disliked
the PA still does not permit shorts, too bad bbaker fought tooth n nail on this
Ignored
low of today will be 1.4964 forexlion ... take that to the bank
Blogging daily now at www.volume.zone
 
 
  • Post #211,762
  • Quote
  • Mar 31, 2010 12:12am Mar 31, 2010 12:12am
  •  Ctic
  • Joined Oct 2009 | Status: The Voodoo Boodoo Club | 1,419 Posts
Quoting malcolmb14
Disliked
low of today will be 1.4964 forexlion ... take that to the bank
Ignored
Good thing I am long..
 
 
  • Post #211,763
  • Quote
  • Mar 31, 2010 12:16am Mar 31, 2010 12:16am
  •  javapips
  • | Joined Aug 2009 | Status: Save our Children's Save our Future | 1,124 Posts
Quoting malcolmb14
Disliked
low of today will be 1.4964 forexlion ... take that to the bank
Ignored
that number will be the close of day...,
I will be the number one Manager.
 
 
  • Post #211,764
  • Quote
  • Mar 31, 2010 12:25am Mar 31, 2010 12:25am
  •  malcolmb14
  • Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,883 Posts
Quoting javapips
Disliked
that number will be the close of day...,
Ignored
to be honest I have no clue.

I was just joking with forexlion , trying to get a rise out of him.

1.5050 support right now followed by 1.5020. 5020 has been strong support for a while.

Lets just say that 1.5099 was hod for today . Daily atr 14 is 167 pips , so taking a little less than this 140 pip that would take us to lod of about 1.4960 , which is approximately 50% of the up move of 1.4800 to 1.5100. and also the lower value area of Mondays session .

If 1.5060 is lod then we head to 1.5200 to 1.5250 and this is a bullflag we are in

for upside break out 1.5100 is key , down side 1.5050

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
 
 
  • Post #211,765
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  • Mar 31, 2010 12:29am Mar 31, 2010 12:29am
  •  vangcuibap
  • | Commercial Member | Joined May 2009 | 171 Posts
Quoting malcolmb14
Disliked
to be honest I have no clue.

I was just joking with forexlion , trying to get a rise out of him.

1.5050 support right now followed by 1.5020. 5020 has been strong support for a while.

Lets just say that 1.5099 was hod for today . Daily atr 14 is 167 pips , so taking a little less than this 140 pip that would take us to lod of about 1.4960 , which is approximately 50% of the up move of 1.4800 to 1.5100. and also the lower value area of Mondays session .

If 1.5060 is lod then we head to 1.5200 to 1.5250 and this is a...
Ignored
good qualification
 
 
  • Post #211,766
  • Quote
  • Mar 31, 2010 12:34am Mar 31, 2010 12:34am
  •  malcolmb14
  • Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,883 Posts
Quoting chankl78
Disliked
Thanks. I will learn that also.
Is there any good sites or materials to do read up?

Any recommendation?
Thanks.
Ignored
http://www.esignallearning.com/members/getManual.aspx
Blogging daily now at www.volume.zone
 
 
  • Post #211,767
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  • Mar 31, 2010 1:23am Mar 31, 2010 1:23am
  •  forexlion
  • | Additional Username | Joined Sep 2009 | 8,623 Posts
Quoting Ctic
Disliked
Good thing I am long..
Ignored
 
 
  • Post #211,768
  • Quote
  • Mar 31, 2010 1:27am Mar 31, 2010 1:27am
  •  javapips
  • | Joined Aug 2009 | Status: Save our Children's Save our Future | 1,124 Posts
Quoting malcolmb14
Disliked
why count manually when nifty advanced get does it for you ?

learn to use the ew oscilator for wave 3 to 5 divergences . If you look on a gu daily there was an awesome one at 1.4800 double bottom giving a nice long.

GET seems to work better in higher time frames , and like all systems it can fail so use good mm
Ignored
i thought you count EW manually...
I will be the number one Manager.
 
 
  • Post #211,769
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  • Mar 31, 2010 1:29am Mar 31, 2010 1:29am
  •  bonus76
  • | Joined Aug 2009 | Status: Member | 532 Posts
Quoting malcolmb14
Disliked
low of today will be 1.4964 forexlion ... take that to the bank
Ignored
IF price goes 1.4964 u would be my favorite senior trader on ff:-)
 
 
  • Post #211,770
  • Quote
  • Mar 31, 2010 1:29am Mar 31, 2010 1:29am
  •  forexlion
  • | Additional Username | Joined Sep 2009 | 8,623 Posts
well snow white does talk about a downside divergence now in europe session

http://img42.imageshack.us/img42/1043/cable.gif


but we still do not have anything on the macd, so i prefer to scalp titbits for the time being

http://img42.imageshack.us/img42/2410/27964831.gif
 
 
  • Post #211,771
  • Quote
  • Mar 31, 2010 1:35am Mar 31, 2010 1:35am
  •  malcolmb14
  • Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,883 Posts
Quoting bonus76
Disliked
IF price goes 1.4964 u would be my favorite senior trader on ff:-)
Ignored
it makes sense and there is a valid case for that

add to this some vsa set up on the 60 and 240 min ( signs of weakness that have yet to be confirmed) the case for 1.4964 is strong

However there is a lot of resistance to the downside.
Blogging daily now at www.volume.zone
 
 
  • Post #211,772
  • Quote
  • Mar 31, 2010 1:37am Mar 31, 2010 1:37am
  •  forexlion
  • | Additional Username | Joined Sep 2009 | 8,623 Posts
Quoting Ctic
Disliked
Good thing I am long..
Ignored
dun mock him, he just gave me a wonderful idea for a new indicator which wll change the way i look at markets

just lemme code it and back test it
 
 
  • Post #211,773
  • Quote
  • Mar 31, 2010 1:40am Mar 31, 2010 1:40am
  •  bonus76
  • | Joined Aug 2009 | Status: Member | 532 Posts
Seem there is lot of support at 1.5055. During Asian session bulls were leveling the price around 5080. I am bit skeptic that gu will fall bellow 5000 mark. if price stays at5080 mark till London open might climb above 51 mark and hoover around there till us news comes out.I am short anyway since yesterday with red pips on the line.
 
 
  • Post #211,774
  • Quote
  • Mar 31, 2010 1:44am Mar 31, 2010 1:44am
  •  solrac
  • | Joined Mar 2010 | Status: Member | 244 Posts
morning chaps,,,,,
does anyone here in the UK have a better broker than IG Index ( spread 3 pips ) that can recommend???
Much appreciated
 
 
  • Post #211,775
  • Quote
  • Mar 31, 2010 1:46am Mar 31, 2010 1:46am
  •  Tovinces
  • | Joined Jun 2008 | Status: short-term'er | 201 Posts
As the Asian session finished, you can see the price at GU was swinging in a tight area 1.512-1.505. At first, to the downside it formed 3 waves, then the price broke the latter one max level. Though it could be a signal for bullish impulse continuation, to my mind more likely is the development of an extended retracement pattern 3-3-3 or 3-3-5.

Fast return of the cable to the 1.506 area and Sto indicator pattern at higher TFs proves this idea. It is actual still the price trades below 1.513 and the first target can be set at 1.501 level.

Some hours later I'll post the explanation of current trading situation at GU on higher TFs (1H+).

The chart and all the previous entries are attached to the signature link.
 
 
  • Post #211,776
  • Quote
  • Mar 31, 2010 1:53am Mar 31, 2010 1:53am
  •  malcolmb14
  • Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,883 Posts
Quoting forexlion
Disliked
dun mock him, he just gave me a wonderful idea for a new indicator which wll change the way i look at markets

just lemme code it and back test it
Ignored

yeah ctic ...stop picking on me ....
Blogging daily now at www.volume.zone
 
 
  • Post #211,777
  • Quote
  • Mar 31, 2010 1:55am Mar 31, 2010 1:55am
  •  Tsar
  • Joined Dec 2009 | Status: The New Legend™ | 4,843 Posts
Quoting egkid
Disliked

This from the book name Fibonacci Ratios with Pattern Recognition
By Larry Pesavento but if you want more info Peter Thompkin's book The Secret of the Great Pyramids.
Ignored
Hi egkid,

I'm interest with The Secret of the Great Pyramids - Peter Thompkin's book.
Would you like Share it's ?
Please... Send PM for me, Bro.
Thank's before
Always looking the GREAT, never left GOOD Point...
 
 
  • Post #211,778
  • Quote
  • Mar 31, 2010 2:02am Mar 31, 2010 2:02am
  •  allngap
  • | Joined May 2009 | Status: Member | 97 Posts
http://www.number1234.com/FX/GU.jpg

so where is it going ?
i need to reclaim my 60pips lost yesterday
 
 
  • Post #211,779
  • Quote
  • Mar 31, 2010 2:02am Mar 31, 2010 2:02am
  •  forexlion
  • | Additional Username | Joined Sep 2009 | 8,623 Posts
Quoting forexlion
Disliked
dun mock him, he just gave me a wonderful idea for a new indicator which wll change the way i look at markets

just lemme code it and back test it
Ignored
this is what i made

now depending on which side of the Girlfriend we trade on the targets are crystal clear

Optimal is the 61.8% extension

http://img89.imageshack.us/img89/1043/cable.gif
 
 
  • Post #211,780
  • Quote
  • Mar 31, 2010 2:05am Mar 31, 2010 2:05am
  •  ba1ker
  • Joined Feb 2010 | Status: Inactive | 6,482 Posts
Quoting malcolmb14
Disliked
yeah ctic ...stop picking on me ....
Ignored
Code Script kiddies don't code.
 
 
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