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Cable Update (GBPUSD)

  • #84,521
  • Aug 28, 2008 5:45am Aug 28, 2008 5:45am
Hj

I vas vondering lf jou culd tel me KAMASURIN vhat is the indicator on jours top left coner vich shows varous ranges.
And vhere can I get one

thnx
  • #84,522
  • Aug 28, 2008 5:48am Aug 28, 2008 5:48am
freaking hell ...maybe we have a bottom..and i had to sell there didnt I .....F*ck
  • #84,523
  • Aug 28, 2008 5:52am Aug 28, 2008 5:52am
Quoting brokerslo
Hj

I vas vondering lf jou culd tel me KAMASURIN vhat is the indicator on jours top left coner vich shows varous ranges.
And vhere can I get one

thnx

No problem. It's (T_S_R) Daily Range calculator. Indicator attached.
Attached File(s)
File Type: mq4 (T_S_R)-Daily Range Calculator v1.0.mq4   3 KB | 327 downloads
  • #84,524
  • Aug 28, 2008 5:56am Aug 28, 2008 5:56am
I am not today trusting, to the market.

When the america be opened , everything becomes clear.

Now 30M Down Signal It is giving.
  • #84,525
  • Aug 28, 2008 5:59am Aug 28, 2008 5:59am
judging by such whipsaw action and small range and coiled spring whatever u call it, I am thinking that the GDP numbers at 830 is gonna have a BIG BIG impact.

just a feel...
  • #84,526
  • Aug 28, 2008 5:59am Aug 28, 2008 5:59am
Thnx Kamasurin

and sorry for speling mistakes I am not very good in vriting english
  • #84,527
  • Aug 28, 2008 6:00am Aug 28, 2008 6:00am
gold and oil is on the way up looking and dollar index mixed as usual


i hope i didnt sell at the bottom
  • #84,528
  • Aug 28, 2008 6:03am Aug 28, 2008 6:03am
my view at this point:
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.JPG Size: 89 KB
  • #84,529
  • Aug 28, 2008 6:05am Aug 28, 2008 6:05am
i think this market's going long.


I have been watching the action since japan open session.

in hourly chart, looking at price action ALONE, every time it breaks new lows, it gets back up, just now it also broke the low of asian session by 1 pip, and then got back up....

just my 1 cents.. lol..
  • #84,530
  • Aug 28, 2008 6:07am Aug 28, 2008 6:07am
Quoting nAVIN2007
freaking hell ...maybe we have a bottom..and i had to sell there didnt I .....F*ck
My view, we are not at the bottom. The bottom is another 250 pips down.
i'm still short from 1.8385

we just need alot of patient at the moment.
"Invest With The Insiders, Not The Masses" George Muzea
  • #84,531
  • Aug 28, 2008 6:09am Aug 28, 2008 6:09am
Quoting nAVIN2007
freaking hell ...maybe we have a bottom..and i had to sell there didnt I .....F*ck

Navin
It is quite dangerous to trade the break of support or resistance although sometimes very profitable. It is much safer to wait for a break and then the retracement before placing a trade. This will avoid false breaks. In about 7 out of 10 breaks of S/R there will be a pullback. If there is no pullback then just wait for the next opportunity. DO NOT try to chase price.
  • #84,532
  • Aug 28, 2008 6:23am Aug 28, 2008 6:23am
Quoting kamsurin
Navin
It is quite dangerous to trade the break of support or resistance although sometimes very profitable. It is much safer to wait for a break and then the retracement before placing a trade. This will avoid false breaks. In about 7 out of 10 breaks of S/R there will be a pullback. If there is no pullback then just wait for the next opportunity. DO NOT try to chase price.

When you try to chase the Price, usually the only time you catch it is when it's done a sudden about turn and smacks you right in the goolies.
You should have a plan of action (actually 2 plans) ready before price moves. Once it has already moved it's usually too late
  • #84,533
  • Aug 28, 2008 6:25am Aug 28, 2008 6:25am
30M Chart

GBP / Dow Jones / Gold
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 001.gif Size: 33 KB
Click to Enlarge Name: 002.gif Size: 33 KB
Click to Enlarge Name: 003.gif Size: 31 KB
  • #84,534
  • Aug 28, 2008 6:29am Aug 28, 2008 6:29am
U.s data due at 1230pm gmt (little over 1hr) cable constrained to a 77pip range so far today with a smart recovery off the 8320 lows folllowing break down on worse than forecast Uk data at 10am gmt.

Q2 GDP forecasts look $ positive on the face of it but with inflation forecast to fall the effect is hard to pre-detremine....Wkly Initial/Cont claims in the mix there as well as Q2 personal consumtion

8395-8417 remains the first real upside hurdle on any extended recovery with 3 x fibs of the moves down from 8794, 9591 and 8488 in the 8404-10 area.

Support likely down to 8300 and at area of y/days lows.

potential Supp/Res execpting for any data impact

g/l all.
ex member
  • #84,535
  • Aug 28, 2008 6:45am Aug 28, 2008 6:45am
whts happening guys....????

are any of u guy in positions...
  • #84,536
  • Aug 28, 2008 6:45am Aug 28, 2008 6:45am
Cable 30M,1Hrs Up Signal.
  • #84,537
  • Aug 28, 2008 6:54am Aug 28, 2008 6:54am
Nav,
im still short
"Invest With The Insiders, Not The Masses" George Muzea
  • #84,538
  • Aug 28, 2008 6:59am Aug 28, 2008 6:59am
Quoting bbmac
....8395-8417 remains the first real upside hurdle on any extended recovery with 3 x fibs of the moves down from 8794, 8591 and 8488 in the 8404-10 area......
In the 30min run up to this u.s data release now as the bottom of that area mentioned above provides the resistance for a 20+pip drop at writing.
ex member
  • #84,539
  • Aug 28, 2008 6:59am Aug 28, 2008 6:59am
Quoting Qu|cksilver
Nav,
im still short
is yur stop above 1.84...?
  • #84,540
  • Aug 28, 2008 6:59am Aug 28, 2008 6:59am
Quoting nAVIN2007
whts happening guys....????

are any of u guy in positions...
Everything is O.K. still short, loook at 1h chart, we r in a down chanell .
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