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Cable Update (GBPUSD)

  • #60,801
  • Apr 8, 2008 2:25am Apr 8, 2008 2:25am
Quoting T 1 Ti
this is skyeast
Attachment

and this is straighthold
Attachment

see the difference
Are these different forex providers?

See the difference? Frankly no, even when flicking between the two charts displayed fullscreen - a few arrows etc. would be helpful to make your point
Darkness lies one inch ahead..
  • #60,802
  • Apr 8, 2008 2:29am Apr 8, 2008 2:29am
Quoting priceaction
Yes I understand.

This server time issue is something that OzFx experienced and what he suggested to his readers were that they perform the analysis on a demo version on the same server time (so they're all on the same page when discussing trades) and they of course trade off their live servers.
Taking a strategic decision like whether or not to enter a trade based on a H4 close relative to a trigger level from another chart is probably OK, but not for making tactical trading decisions.
Darkness lies one inch ahead..
  • #60,803
  • Apr 8, 2008 2:32am Apr 8, 2008 2:32am
Quoting fxdoc
Hi t1 Ti,
What are those lines on your charts - looks very interesting. TIA
those lines is based on abuawad analysis
u can search a few page back
  • #60,804
  • Apr 8, 2008 2:34am Apr 8, 2008 2:34am
Quoting TraderJR
I think I'll keep going with Alpari UK - I'm only demoing and the idea is to see how the method behaves.

Actually maybe I found the reason: Since 31Mar08 I did 12 trades (not including this "bad" trade) of which 7 were profitable, 4 closed at BE (could have profited if held nerve) and one a loss because I misread the direction (still being new to the method).

This "bad" trade was the 13th!!!

Are traders superstitious or not? Remember what happened to Apollo 13

Anyway, just kidding, seems a curious coincidence tho..

well isnt fibos based on superstition bro the number 23 turned into 32 and all that stuff ...
  • #60,805
  • Apr 8, 2008 2:40am Apr 8, 2008 2:40am
if cable could hold above 1.9792 ... may it could reverse
  • #60,806
  • Apr 8, 2008 2:46am Apr 8, 2008 2:46am
Quoting T 1 Ti
those lines is based on abuawad analysis
u can search a few page back
Thank you
But how did you manage to represent them in this manner ? TIA
  • #60,807
  • Apr 8, 2008 2:47am Apr 8, 2008 2:47am
Quoting T 1 Ti
and this is straighthold
Attachment

see the difference
This is mine, from NorthFinance
http://tftp.sytes.net/files/mt/gbpusd.jpg

Same with straighthold but big diff with master Abuawad
  • #60,808
  • Apr 8, 2008 2:47am Apr 8, 2008 2:47am
Quoting TraderJR
Are these different forex providers?

See the difference? Frankly no, even when flicking between the two charts displayed fullscreen - a few arrows etc. would be helpful to make your point
sorry, can u c now ? u always can zoom it by clicking on the chart
Attached Image (click to enlarge)
Click to Enlarge Name: skyeast.JPG Size: 182 KB

Attached Image (click to enlarge)
Click to Enlarge Name: straighthold.JPG Size: 185 KB
  • #60,809
  • Apr 8, 2008 2:53am Apr 8, 2008 2:53am
Quoting fxdoc
Thank you
But how did you manage to represent them in this manner ? TIA
i just follow the analysis then make lines on my chart
Abuawad says to place it on h4 so i just do it
u can learn a lot from everyone if u look back a few page back
there's abuawad, tradejr, priceaction, and a lot about this analysis
  • #60,810
  • Apr 8, 2008 3:03am Apr 8, 2008 3:03am
Quoting mavewei
This is mine, from NorthFinance


Same with straighthold but big diff with master Abuawad
that's coz the candle hasn't close yet
mine's already closed
  • #60,811
  • Apr 8, 2008 3:04am Apr 8, 2008 3:04am
Quoting tomaz55
just logged on and saw that my sell order was filled at 9900.

tp 9765
out at 9776 for +124

now long 9776
  • #60,812
  • Apr 8, 2008 3:05am Apr 8, 2008 3:05am
Quoting tomaz55
out at 9776 for +124

now long 9776
Why are you long? What's your target for this long? Thought the trend is short. But then I don't know anything.
Expected the unexpected
  • #60,813
  • Apr 8, 2008 3:06am Apr 8, 2008 3:06am
Quoting tomaz55
out at 9776 for +124

now long 9776
i think thats a bit to early....no confirmation apart from hitting a trendline..and all time frames are bearish..
  • #60,814
  • Apr 8, 2008 3:09am Apr 8, 2008 3:09am
Quoting scyang
Why are you long? What's your target for this long? Thought the trend is short. But then I don't know anything.
we are very close to a major support area and he is expecting upward movement which i also think will happen but u shouldnt enter long just because we hitting major support...wait for the bulls to fight back at least till u get a piercing pattern then enter

but saying this ....it might be a excellent entery...assuming it does give a valid signal to enter....we must stay focused and wait for confirmation otherwise market will eat us alive...LOL
  • #60,815
  • Apr 8, 2008 3:12am Apr 8, 2008 3:12am
Quoting tomaz55
out at 9776 for +124

now long 9776
Tomaz, your posts would be interesting to others if you included analysis.
Good trading!!! (live or demo?)
  • #60,816
  • Apr 8, 2008 3:15am Apr 8, 2008 3:15am
Shorts covered, from last evening +100pps, waiting for another shorting appotunities, after a bounce cable shall try 9740 level again, which would provide another shorting scenario if this level is crossed with force.
Happy trading to all,
2be
Make sure losses are small and profits are bigger!
  • #60,817
  • Apr 8, 2008 3:16am Apr 8, 2008 3:16am
gbp/usd will hit 1.95xx by this week
  • #60,818
  • Apr 8, 2008 3:22am Apr 8, 2008 3:22am
Quoting sharon_gpl
gbp/usd will hit 1.95xx by this week

sharon how about USDJPY?
so far, how long USDJPY to turn back up?
im need put PO on USDJPY before going to sleep..
so tiring monitor chart today..

just need ur oppinion only
  • #60,819
  • Apr 8, 2008 3:22am Apr 8, 2008 3:22am
Quoting scyang
Why are you long? What's your target for this long? Thought the trend is short. But then I don't know anything.
scyang you are right, the trend is short and had i respected my initial target at 9765 i would have got an extr 16pips..

i expect a retracement soon to get out with some profit and back in for 9700 area

all the best
  • #60,820
  • Apr 8, 2008 3:22am Apr 8, 2008 3:22am
I knew that pin on daily for a reason for shorting....damnit i missed the train..
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