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Cable Update (GBPUSD)

  • #61,001
  • Apr 8, 2008 9:42pm Apr 8, 2008 9:42pm
Quoting jets211990
Limit is very close to major support...
anyone agree USDJPY will drop until 102.06
  • #61,002
  • Apr 8, 2008 9:52pm Apr 8, 2008 9:52pm
Quoting Ultraman
anyone agree USDJPY will drop until 102.06

I will look at it in a minute...
  • #61,003
  • Apr 8, 2008 10:05pm Apr 8, 2008 10:05pm
MT4 NorthFinance just close the 4H candle and open below the unknown area.

Anyone go short?
  • #61,004
  • Apr 8, 2008 10:14pm Apr 8, 2008 10:14pm
Quoting mavewei
MT4 NorthFinance just close the 4H candle and open below the unknown area.

Anyone go short?
Pardon my ignorance. Is that a signal to go short?
Expected the unexpected
  • #61,005
  • Apr 8, 2008 10:27pm Apr 8, 2008 10:27pm
Quoting Ultraman
anyone agree USDJPY will drop until 102.06
I have also got that number
  • #61,006
  • Apr 8, 2008 10:46pm Apr 8, 2008 10:46pm
3:30am GBPhttp://www.forexfactory.com/images/m...mpact_high.gifIndustrial Production m/m
http://www.forexfactory.com/images/m...etail_star.gif
0.1%-0.1%

With the forecast of .01% or better would that mean long or short?
Thanks in advance.
Matt
  • #61,007
  • Apr 8, 2008 10:49pm Apr 8, 2008 10:49pm
Quoting TraderJR
Went long on H4 open (blue arrow), clearly above the R3, and retracing from the previous H4 candle low @ 19664. As I understand your method, price should have gone to within a few pips of down Target 3 19730, but the highest it got was 19713. Not impossible for it to still make it but at the screenshot it's a full 10 hr after the entry, previously it would have made the move much earlier.

The notes under your table only refer to a breakout from the Unknown Area.

MY QUESTION: Are H4 Closes/Opens well away from the Unknown Area valid entry signals?

I based the above entry on the way price has behaved in previous cases I have observed.
Yes its a signal but you need to becarfule and monitoring the 1H candle also behind the 4H candle.
  • #61,008
  • Apr 8, 2008 10:50pm Apr 8, 2008 10:50pm
Quoting TraderJR
In post http://www.forexfactory.com/showpost...ostcount=57547 you added 15 pips to the "opposite near value", has this changed?
No it's not changed, i post the Numbers as example only
  • #61,009
  • Apr 8, 2008 11:10pm Apr 8, 2008 11:10pm
Quoting Abuawad
Yes its a signal but you need to becarfule and monitoring the 1H candle also behind the 4H candle.
What should I look for in the H1 candles?
Darkness lies one inch ahead..
  • #61,010
  • Apr 8, 2008 11:30pm Apr 8, 2008 11:30pm
Quoting Maxsmart
I'm figuring out how to post a chart; my broker is gft. I've been with them 3 years and i've never learned how lol... but in the mean time basically the former support around the 1.9800 region will now be resistance and a nice place to short if there is a rally. I'll post a chart soon.

thanks man...cause in trading im lossing the plot ...i never had to many bad trades .and actually right now, dunno if its up or down..

it just seems to me that going long aint going to happen...and it may conitue further down
  • #61,011
  • Apr 8, 2008 11:39pm Apr 8, 2008 11:39pm
Quoting mavewei
MT4 NorthFinance just close the 4H candle and open below the unknown area.

Anyone go short?
That's the problem. Alpari UK H4 closed at 19665 and opened at 19664, just inside the Unknown Area.

Did you see this: H4 candles from 5 servers http://www.forexfactory.com/showpost...ostcount=60900
Darkness lies one inch ahead..
  • #61,012
  • Apr 8, 2008 11:41pm Apr 8, 2008 11:41pm
This is a tough one.
  • #61,013
  • Apr 8, 2008 11:54pm Apr 8, 2008 11:54pm
Quoting forexmoments
This is a tough one.
i went short as it didnt really go anywhere yesterday and the minute i do a bullish response comes out of nowhere....lol
  • #61,014
  • Apr 8, 2008 11:55pm Apr 8, 2008 11:55pm
Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.9617 or 1.9599. Major support is clustered around 1.9498 limit
Don't chase the market, Let the market come to you
  • #61,015
  • Apr 8, 2008 11:56pm Apr 8, 2008 11:56pm
Good Day

i watch 4 hour chart and i see cable gain some strength and gathering momentum ... but till now when cable dont reach 1.9714 and go above ... still worry from long breaking 1.9730 good sign for long otherwise Sell from Top

i think cable news will give clear view
  • #61,016
  • Apr 9, 2008 12:02am Apr 9, 2008 12:02am
Quoting nAVIN2007
i went short as it didnt really go anywhere yesterday and the minute i do a bullish response comes out of nowhere....lol
This is my story too. Hope things turn around for us.
Expected the unexpected
  • #61,017
  • Apr 9, 2008 12:07am Apr 9, 2008 12:07am
Quoting scyang
This is my story too. Hope things turn around for us.
i just cant seem to make the right decision when it matters ....its like im cursed..it can only be lack of knowledge, we nee to read more or get a better technique to enter..
  • #61,018
  • Apr 9, 2008 12:13am Apr 9, 2008 12:13am
hi

sorry to ask, would you just overight the previous numbers with the new ones?

Quoting Abuawad
09-04-2008
  • #61,019
  • Apr 9, 2008 12:18am Apr 9, 2008 12:18am
Quoting forexmoments
This is a tough one.
Hi FXmoments

Re your Pip Nailer system, do you apply this to GBP/USD H1 in particular?

Do you have any results for this method over an extended period of time (or better still, an EA which can be backtested)

cheers
Darkness lies one inch ahead..
  • #61,020
  • Apr 9, 2008 12:23am Apr 9, 2008 12:23am
Hi Everybody...
What a tight range GBP has been in
Still holding long from 1.9693..... Lets see what happens:
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