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Cable Update (GBPUSD)

  • #104,981
  • Dec 7, 2008 6:29pm Dec 7, 2008 6:29pm
Quoting lexazver
The good areas to short should be 1.48 area ( thursdays high) and then 1.4820 area (wednesdays high) with stop 1.4840 area, if price clears those 3 then we are most likely to rally further but ill be looking for some type of bullish setup before going long. Bias still dooooown

looking to short in european london session rather than asian since volume is low and they may take prices higher before going back down.
I agree if the trend is to continue the London session will make it so
  • #104,982
  • Dec 7, 2008 7:02pm Dec 7, 2008 7:02pm
This baby is lagging behind EUR.
Hopefully it will follow soon
  • #104,983
  • Dec 7, 2008 7:16pm Dec 7, 2008 7:16pm
Quoting gagakrimba
This baby is lagging behind EUR.
Hopefully it will follow soon
oh yes so pasti lah
I Deeply Love My Virtual Life In Virtual World , RLC
  • #104,984
  • Dec 7, 2008 7:20pm Dec 7, 2008 7:20pm
Quoting gagakrimba
This baby is lagging behind EUR.
Hopefully it will follow soon
It will make powerful impact when it moves along!.
  • #104,985
  • Dec 7, 2008 7:41pm Dec 7, 2008 7:41pm
Quoting gagakrimba
Long @ 1.4700
SL 1.4650
No TP decided yet
Nice entry, I woke up late.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #104,986
  • Dec 7, 2008 7:45pm Dec 7, 2008 7:45pm
Quoting zapper
It will make powerful impact when it moves along!.
That i fall asleep..and just woke up and price still hanging

i just closed my long....sleep time
  • #104,987
  • Dec 7, 2008 8:09pm Dec 7, 2008 8:09pm
Quoting manize
Nice entry, I woke up late.
GU is going up (i guess).
  • #104,988
  • Dec 7, 2008 8:17pm Dec 7, 2008 8:17pm
Quoting uut
GU is going up (i guess).
But not so high I guess. Level test R3 1.4765.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #104,989
  • Dec 7, 2008 8:22pm Dec 7, 2008 8:22pm
looks like a retest of the broken tl around the 5050 area is on the way before possibly resuming down...... if no bounce occurs at that tl and we get a day close above it, we could see a large upmove...... key word is IF

On the flip, if we get back below 4500.....
Attached Image (click to enlarge)
Click to Enlarge Name: day.gif Size: 23 KB
Patience + Discipline - Greed = Success
  • #104,990
  • Dec 7, 2008 8:46pm Dec 7, 2008 8:46pm
Quoting Infinity
looks like a retest of the broken tl around the 5050 area is on the way before possibly resuming down...... if no bounce occurs at that tl and we get a day close above it, we could see a large upmove...... key word is IF

On the flip, if we get back below 4500.....
Definately not in the asian session.
Maybe in the eur/us session
  • #104,991
  • Dec 7, 2008 8:49pm Dec 7, 2008 8:49pm
It's holding well above pivot since opening.
I hope it'll be bullish today
  • #104,992
  • Dec 7, 2008 9:00pm Dec 7, 2008 9:00pm
Quoting micho


also hotspotfx software is odd, i still didnt figure how to place a correct market order its all weird..
and ib... there is nothing on their website to tell u how to register to a demo account i just downloaded the program and i dont have a login

grrrrrrrrrrrrrrrrrr
mich, try fxpro. floating spread no more than 3. their mt4 very smooth using. can lock profits after 3pips away(normal mt4 will required 10 pips). they have decimal pips counting(1.4550x).

happy trying!!
  • #104,993
  • Dec 7, 2008 9:05pm Dec 7, 2008 9:05pm
Quoting gagakrimba
Definately not in the asian session.
Maybe in the eur/us session
I was not thinking Asian session at all... I was thinking between today and tomorrow though..
Patience + Discipline - Greed = Success
  • #104,994
  • Dec 7, 2008 9:08pm Dec 7, 2008 9:08pm
buy at 1.4720
tp in 1.4753
sl 1.4686

i lucky today..
  • #104,995
  • Dec 7, 2008 9:22pm Dec 7, 2008 9:22pm
Test R2 1.4743. Let us see broken or failed !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #104,996
  • Dec 7, 2008 9:30pm Dec 7, 2008 9:30pm
Quoting manize
Test R2 1.4743. Let us see broken or failed !
R2 ?
My R1 is 4757
  • #104,997
  • Edited 10:04pm Dec 7, 2008 9:36pm | Edited 10:04pm
Quoting gagakrimba
R2 ?
My R1 is 4757
Different ? Below is mine ! R3 1.4765, if broken .... wuzzz might be up till 1.4841 (weekly pivot level) or more ... en congrtaz, you will have grub hundred of green pips ! I trust trading pivot now, unfortunately I was late to entry at 1.4700 !

But wait... I remember, currently still sunday and my pivot indicator might be not walid on sunday !
Attached Image (click to enlarge)
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #104,998
  • Dec 7, 2008 9:45pm Dec 7, 2008 9:45pm
Seems like the market is getting closer to my buy stop at price 1.4776

Attached Image (click to enlarge)
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  • #104,999
  • Dec 7, 2008 9:48pm Dec 7, 2008 9:48pm
Quoting Shermenator
Seems like the market is getting closer to my buy stop at price 1.4776
HI, i'm a noob about forex, can you share with me, your pivot indicator?

thanks
  • #105,000
  • Dec 7, 2008 9:51pm Dec 7, 2008 9:51pm
Quoting biax
HI, i'm a noob about forex, can you share with me, your pivot indicator?

thanks
They are all fibbs....I jut changed it from displaying numbers to names....the 38.2 means the market is in a short condition the pivot is the 50 percent being the central point and if price surpasses the 61.8 its in a long condition...this is if the fibb tool is drawn from top to bottom since we are in a bearish market and the swings are down ....this fibbs are set manually and its not automatic
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