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Cable Update (GBPUSD)

  • #61,041
  • Apr 9, 2008 5:31am Apr 9, 2008 5:31am
Quoting parlenk
The UK fundies bring the cable test the trendline (support turn to resistance) but my resistance on 1.9727 and 1.9790..a break on this point will need to re evaluate.but a PO short on 1.9725 area maybe a good one.IMHO
Sharing same analyzes then

First signs of (limited) upward movements have been established according to 1h and 4h chart. Both TF shows flag patterns and 1h have closed above flag pattern and is working on retest of currently line. If this line, which we want to turn into support fails, I would change my approach back to bearish.

If those flags are broken (to the upside) I would target .9800 before we are heading down again. As you say, a break above here would change (my) sentiments. Heavy resistance should occur here (round number combined with descending triangle on daily, lower line).

Again, if price fails to close above flag pattern, this post have been a waste
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cable1hflag.gif Size: 12 KB
Click to Enlarge Name: gudaily.gif Size: 16 KB
Measure twice, cut once
  • #61,042
  • Apr 9, 2008 6:36am Apr 9, 2008 6:36am
Quoting asyed4
You are absolutely right Actually I am waiting for sell on a high and whenever this high will come from really GOD knows. I don't know how to draw fibs but you are right never go against the trend. In the whole picture of Wednesday trend, the only red news is FOMC Bernanke will talk about $ and if he talks about bearish then that would be the time for cable to go high. I am not seeing any other time the Cable would have that much courage to go high up to even 1.9760'ishhhhhh.

these will help you some but really you need to demo until you are comfortable and have made money for 3 to 6 months MIN...you really sound so uncomfortable in your trades and decisions that maybe you need to rethink this forex thing
Attached File(s)
File Type: mq4 AutoDayFibs2.mq4   9 KB | 348 downloads
File Type: mq4 Fib Retracements.mq4   16 KB | 373 downloads
File Type: mq4 FiboPiviotChanel.mq4   3 KB | 361 downloads
File Type: mq4 FiboRetracement3D.mq4   15 KB | 352 downloads
Don't chase the market, Let the market come to you
  • #61,043
  • Apr 9, 2008 6:37am Apr 9, 2008 6:37am
Quoting masterblast5
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GO SPAM SOMEPLACE ELSE
Don't chase the market, Let the market come to you
  • #61,044
  • Apr 9, 2008 6:37am Apr 9, 2008 6:37am
Please stop spamming.
Don't worry, life's too short
  • #61,045
  • Apr 9, 2008 7:01am Apr 9, 2008 7:01am
Cable close above yellow zone!
Long 9716.
  • #61,046
  • Apr 9, 2008 7:01am Apr 9, 2008 7:01am
Quoting masterblast5
Hi guys,
We just updated our first commercial project at DELETED URL , where professional fulltime-trader Amarnath Kondiyan gives hot intraday-signals from monday till friday (each working day).
We programmed a professional signal-receiver for windows that alerts you with a sound if there are new signals so you can perfectly reproduce our performance on your own account without any delays. Each signal comes with clear instructions and suggested position size so there is no more room for interpretation on your side.
You can have the signals sent to your mobile as text without any extra fees as well, so you don't have to sit in front of your PC to receive a signal.
We trade all major FX pairs and sometimes silver. In the members area we also have a demo-video for beginners that shows the functionality of our system.
Feel free to comment the website here or sign up for the risk-free 7-day-trial account.. - we don't ask for any payment information whatsoever in advance so you don't have to worry... there is no catch in this offer :-)
I'm excited about any comments!
best wishes
Heiko
You're going to get banned if you keep on like this.
Spam somewhere else because no one wants it here.

Anyone can report spam by clicking the following icon in the top-right of the annoying post ...
Attached Image
  • #61,047
  • Apr 9, 2008 7:05am Apr 9, 2008 7:05am
i got enough problem trusting myself let alone a signal service ...lol
  • #61,048
  • Apr 9, 2008 7:17am Apr 9, 2008 7:17am
did your 4H candle open completely above Abuawads yellow...because I still have another 1hr and 45 mins to full fill my 4HR????
  • #61,049
  • Apr 9, 2008 7:20am Apr 9, 2008 7:20am
Quoting dread
did your 4H candle open completely above Abuawads yellow...because I still have another 1hr and 45 mins to full fill my 4HR????
close on 9715 and open 9716. I use the same server with master Abuawad
  • #61,050
  • Apr 9, 2008 7:29am Apr 9, 2008 7:29am
Quoting dread
did your 4H candle open completely above Abuawads yellow...because I still have another 1hr and 45 mins to full fill my 4HR????
This is what my chart shows ...
Attached Image
  • #61,051
  • Apr 9, 2008 7:41am Apr 9, 2008 7:41am
Quoting priceaction
This is what my chart shows ...
funny thing is i just switched over to Alpari US a few minutes ago to see if there was a difference, and its still giving me the same time frame i have now, ie its telling me i have another approx 1.5 hrs to go...

Did your 4H bar complete (or close) above the yellow; to then give you a signal a long entry .....?

The chart that PRICEACTION posted a few moments ago does not show a new clean 4HR bar opening above the yellow.
  • #61,052
  • Apr 9, 2008 7:43am Apr 9, 2008 7:43am
Quoting mavewei
close on 9715 and open 9716. I use the same server with master Abuawad

ARE YOU USING 1HR CHARTS FOR YOUR ENTRY???
I JUST TOOK A PEEK AND THE ONE HOUR GAVE A CLEAN CLOSE ABOVE THE YELLOW....
  • #61,053
  • Apr 9, 2008 8:07am Apr 9, 2008 8:07am
Typical my stop on last night woulda held but 1.5pips or something be +£50 here and happy


Bad luck to jets !!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #61,054
  • Apr 9, 2008 8:44am Apr 9, 2008 8:44am
Quoting Turveyd
Typical my stop on last night woulda held but 1.5pips or something be +£50 here and happy


Bad luck to jets !!!
Also bad luck to me Navin. I think my stop trail didn't work. May be I started it after I took the position. I totally agree that experienced traders sometime take risk of going against the trend. I am not one of them because I am still in learning curve.

Thanks,
  • #61,055
  • Apr 9, 2008 8:47am Apr 9, 2008 8:47am
hey guys anybody knows were we can watch bernanke live?
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #61,056
  • Apr 9, 2008 8:49am Apr 9, 2008 8:49am
GU's weak today, I think the world just caught on to how bad the UK's situation is, which kinda mirrors the USA's.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #61,057
  • Apr 9, 2008 8:53am Apr 9, 2008 8:53am
Quoting salah k.
hey guys anybody knows were we can watch bernanke live?
in cnbc euro
Grasp all lose all
  • #61,058
  • Apr 9, 2008 8:54am Apr 9, 2008 8:54am
Quoting salah k.
hey guys anybody knows were we can watch bernanke live?
I would say CNBC.com or CNBC channel on TV.
Thanks,
  • #61,059
  • Apr 9, 2008 8:59am Apr 9, 2008 8:59am
Quoting Turveyd
GU's weak today, I think the world just caught on to how bad the UK's situation is, which kinda mirrors the USA's.
I think if you guys want to rest your brain for few hours then my suggestion is put a stop loss of your short trades at 1.9850+ and PT level is at least 1.9500 and just monitor the rate every 4 hours because 1 HR chart is showing upward momentum but 4 HR and daily chart is showing downward momentum. My eyes are very tired by looking up my two monitor screens so I did it the above and I am going back to bed for rest. See you guys in a while.

Thank you for all the help so far. May Allah give us success to all the Short trades assuming that everybody at this point is playing short trade at least for this week.
  • #61,060
  • Apr 9, 2008 9:03am Apr 9, 2008 9:03am
My pain threshold has been reached. Closed my long position for positive 40 pips.
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