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Cable Update (GBPUSD)

  • #59,441
  • Edited 3:46pm Mar 25, 2008 2:52pm | Edited 3:46pm
Although I done ok yesterday & today my account is still down from the beginning of last week.
I am pissed off because it seems that whole down move last week was fake and a overrun on Fed intervention and a bank rumour. Nothing has changed fundamentally this week.
So why such a bullish move?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #59,442
  • Mar 25, 2008 2:53pm Mar 25, 2008 2:53pm
Quoting AmeriTrini
can anyone explain to me how to post a chart on here??...... I have never done that and would like to do so now.
i hope it's clear !
Attached Image
  • #59,443
  • Mar 25, 2008 2:58pm Mar 25, 2008 2:58pm
Quoting AmeriTrini
can anyone explain to me how to post a chart on here??...... I have never done that and would like to do so now.
You are joking Ameri,lol
On MT4
I am not an expert but you just go to file save as picture ,Active charts are the clearest but throw everything to the right, and As Is captures exactly as you look at it
Then just attach to comment before post
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #59,444
  • Mar 25, 2008 3:10pm Mar 25, 2008 3:10pm
well I know how to upload, but how do i adjust the size of the image to that its accepted by forex factory??
  • #59,445
  • Mar 25, 2008 3:15pm Mar 25, 2008 3:15pm
Quoting AmeriTrini
well I know how to upload, but how do i adjust the size of the image to that its accepted by forex factory??
Mine just saves as 800x400 pixels its in the save as picture screen
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #59,446
  • Mar 25, 2008 3:24pm Mar 25, 2008 3:24pm
Heres my plan im working to from Saturday
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #59,447
  • Mar 25, 2008 3:28pm Mar 25, 2008 3:28pm
Hi Abuawad,

Can you please explain how to read the analysis you have posted, like what are the levels and type of trade to enter for gbp/usd. Thanks a lot.
  • #59,448
  • Mar 25, 2008 3:31pm Mar 25, 2008 3:31pm
Quoting Bones
Mine just saves as 800x400 pixels its in the save as picture screen
My broker doesn't use MT4 like I wish they did.
  • #59,449
  • Mar 25, 2008 3:36pm Mar 25, 2008 3:36pm
Just use a MT4 demo account for charts interbankfx.com's for instance.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #59,450
  • Mar 25, 2008 3:40pm Mar 25, 2008 3:40pm
Quoting AmeriTrini
My broker doesn't use MT4 like I wish they did.
No way
Do you pay for your charts ??/
You can still post a chart though ,yes?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #59,451
  • Mar 25, 2008 3:53pm Mar 25, 2008 3:53pm
Quoting Bones
No way
Do you pay for your charts ??/
You can still post a chart though ,yes?
yes I pay for my charts, its ridiculous!! thats an extra $100 a month!!!
  • #59,452
  • Mar 25, 2008 4:06pm Mar 25, 2008 4:06pm
Well im not in at mo but have set up a buy on a small retrace of today.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #59,453
  • Mar 25, 2008 5:08pm Mar 25, 2008 5:08pm
Small move about 1 hr at 2.0020 - 2.0027. What does it mean ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #59,454
  • Mar 25, 2008 5:20pm Mar 25, 2008 5:20pm
Quoting manize
Small move about 1 hr at 2.0020 - 2.0027. What does it mean ?
buyer's loading up.
If I Go Broke Trying Then I Will die happy.
  • #59,455
  • Mar 25, 2008 5:42pm Mar 25, 2008 5:42pm
Yep some distribution, faked on my system a further move down but didn't budge, so someone selling and someone taking it.

Moved above my line and there error was realised as they hit the stops above it causing the low volume jump up 40pips.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #59,456
  • Mar 25, 2008 5:44pm Mar 25, 2008 5:44pm
What wouldn't I expect this market to do.


I wouldn't expect it to run upto 2.0120 area sucker in buyers then reverse back to 1.9930 before heading higher.

So expect above!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #59,457
  • Mar 25, 2008 7:05pm Mar 25, 2008 7:05pm
Quoting Turveyd
What wouldn't I expect this market to do.


I wouldn't expect it to run upto 2.0120 area sucker in buyers then reverse back to 1.9930 before heading higher.

So expect above!!
what u dont see,always turns out as the reality:
  • #59,458
  • Mar 25, 2008 8:29pm Mar 25, 2008 8:29pm
Potential Resistance areas in upcoming session on any continuation of uptrend:

a. Currently trading just below the 3 fib cluster 0054-67, being
76.4% 0152-9735, 61.8% 0273-9735, 50% 0397-9735, Tuesday's hi at 0066.

b. Previous 1hr/4hr swing at 0082-84 and 0098/0103 also 50% 0831-9337 at 0084.

c. 0119 Area of Dly and Mthly R1 pivot

d. 0150-60 Prev 1hr swing, Last Weds Hi, 61.8% 0397-9735, 76.4% 0273-9735, Wkly R1 pivot.

e. 0195-0200 Area of Dly R2 pivot.

f. 0220-0240 Some prev 1hr/4hr/Dly swings.

g. 0260-72, being 61.8% 0831-9335 and a previous 4hr/1hr swing.

h. 0324 Area of Dly R3 pivot

i. 0340-50 Area of previous Dly swing and Mthly R2 pivot.
ex member
  • #59,459
  • Mar 25, 2008 8:46pm Mar 25, 2008 8:46pm
yep price at resistence 20066
  • #59,460
  • Mar 25, 2008 10:38pm Mar 25, 2008 10:38pm
Quoting Bones
Mine just saves as 800x400 pixels its in the save as picture screen
You can try MSPAINT (comes with most Windows), Stretch/Skew.

I use a little prog call Paint Shop Pro 5 - U can probably find it on the Net, they used to give it away free in PC mags. Plenty powerful enuf for this sort of thing.

cheers
Darkness lies one inch ahead..
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