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Cable Update (GBPUSD)

  • #70,081
  • Jun 11, 2008 7:49am Jun 11, 2008 7:49am
long is not looking strong, short is looking good at the moment, but what do i know, im long and neverous as hell
If I Go Broke Trying Then I Will die happy.
  • #70,082
  • Jun 11, 2008 7:51am Jun 11, 2008 7:51am
in terms of classic price action peak/valley analysis it could be argued that 4hr is misxed now/rangy
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ex member
  • #70,083
  • Jun 11, 2008 7:55am Jun 11, 2008 7:55am
isn't it hidden bullish divergence?
p/s:correct me if im wrong
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  • #70,084
  • Jun 11, 2008 7:55am Jun 11, 2008 7:55am
Quoting BANDA
Hi bbmac so the hidden divergence was the reason the shooting up of GBP/USD from 6-8EST?
thank you for insight!
actually matey, the regular immediate bullish divergence indicated that the price may buy up of that 4hr trend line earlier, see screencap
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ex member
  • #70,085
  • Jun 11, 2008 7:57am Jun 11, 2008 7:57am
Hey Moe are you eating into my KEEP IT Simple and it's all BS, those are my lines man

Tricky here to call a direction, Up's still got the edge, had I'll say price action is looking to role this sucker into a downward day!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #70,086
  • Jun 11, 2008 8:00am Jun 11, 2008 8:00am
Thank you bbmac for insight ,appreciate it! Sorry so it was a normal bullish divergence ........silly me
BANDA333
  • #70,087
  • Jun 11, 2008 8:07am Jun 11, 2008 8:07am
@warta

i checked up the indicators you gave and the template. can't seem to make meanings. i love abuawad's system a lot though i've modified it to suit my style. i thought ur custom indicators could help. lease give more insight on how i can read the lines. thanks
  • #70,088
  • Jun 11, 2008 8:14am Jun 11, 2008 8:14am
Quoting Moe
long is not looking strong, short is looking good at the moment, but what do i know, im long and neverous as hell

price has been rejected from the 4 h gann hilo and the retrace can continue till the 5 sma area @ 560 if the 4 h candle close below this level , short take control otherwize price can retest the 620 area to close above the 4 h gan hilo and confirm an uper swing
  • #70,089
  • Edited 8:28am Jun 11, 2008 8:15am | Edited 8:28am
Quoting Moe
long is not looking strong, short is looking good at the moment, but what do i know, im long and neverous as hell
But I take a long at 1.9580 now, SL 1.9560, TP 1.9620 based on 2 reasons

1. New H4 candle open/close above the unknown area and --> Abuawad method
2. Your 1st feel said long ..
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #70,090
  • Jun 11, 2008 8:16am Jun 11, 2008 8:16am
Quoting laposta74
@warta

i checked up the indicators you gave and the template. can't seem to make meanings. i love abuawad's system a lot though i've modified it to suit my style. i thought ur custom indicators could help. lease give more insight on how i can read the lines. thanks

sure bro with pleasure i wll add some explanation and poste it here so u can learn how to read them
  • #70,091
  • Jun 11, 2008 8:23am Jun 11, 2008 8:23am
Quoting laposta74
@warta

i checked up the indicators you gave and the template. can't seem to make meanings. i love abuawad's system a lot though i've modified it to suit my style. i thought ur custom indicators could help. lease give more insight on how i can read the lines. thanks
So do I ....
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #70,092
  • Jun 11, 2008 8:23am Jun 11, 2008 8:23am
Please can any one recommend a good broker that is regulated, gives up to 1:300 leverage, with a minimum initial deposit of 200 USD and does not waste so much time on withdrawal. Thanks
  • #70,093
  • Jun 11, 2008 8:24am Jun 11, 2008 8:24am
Attached File(s)
File Type: doc CAMARILLA_EQUATION.doc   75 KB | 1,262 downloads


Attached File(s)
File Type: doc RULES_USING_CAMARILLA TRADING_FORMULA.doc   22 KB | 458 downloads


read this
  • #70,094
  • Jun 11, 2008 8:28am Jun 11, 2008 8:28am
Quoting samuzowulu
Please can any one recommend a good broker that is regulated, gives up to 1:300 leverage, with a minimum initial deposit of 200 USD and does not waste so much time on withdrawal. Thanks
I like FXCM, no idea on the $200, thought it was $300 thought they all where, but the FAX them a order to withdraw sounds a pain and slow, sadly haven't got to the stage of withdrawing yet

DATEK years back, could just go into the site and transfer money straight out, too easily thats why I blew the account spending it
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #70,095
  • Jun 11, 2008 8:28am Jun 11, 2008 8:28am
long is still in play.
If I Go Broke Trying Then I Will die happy.
  • #70,096
  • Jun 11, 2008 8:35am Jun 11, 2008 8:35am
Quoting manize
But I take a long at 1.9580 now, SL 1.9560, TP 1.9620 based on 2 reasons

1. New H4 candle open/close above the unknown area and --> Abuawad method
2. Your 1st feel said long ..

I thought a long from that previous 9575/85 previous intraday swing highs/resistance area was a decent bet, with the 5min hidden divergence set-up, but i think the uptrend is only weak/developing. Good play with stop at b/e or if you are not expecting a with up-trend follow thru though (ie smash and grab a few pips)
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ex member
  • #70,097
  • Jun 11, 2008 8:36am Jun 11, 2008 8:36am
today is triple swap day,
If I Go Broke Trying Then I Will die happy.
  • #70,098
  • Jun 11, 2008 8:42am Jun 11, 2008 8:42am
the 30min chart shows the previous swing highs, the bottom one that intraday swing high earlier at 9573. Seems to be working out ok
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ex member
  • #70,099
  • Jun 11, 2008 8:44am Jun 11, 2008 8:44am
Quoting Moe
today is triple swap day,
Ahhhhhh your gamble is based on something we know well I know nothing about, Options thingy I guess.

5 pips shy of my buy point
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #70,100
  • Jun 11, 2008 8:44am Jun 11, 2008 8:44am
1.9572 was acting as a support there...thx god it held the price
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