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Cable Update (GBPUSD)

  • #120,201
  • Feb 13, 2009 1:17am Feb 13, 2009 1:17am
Quoting JammerJams
Hey wormboy...

the 1.4772 is the downward moving trendline for the DAILY..is that your indicator for bias. Unless it crosses..we are in a downward movement...
I see it that way if so.

Well..if it does stay below these expected resistence highs..Im entering short...and placing nice SL below my entry points..and have a nice weekend.
Yes sir, that would be it, the down trendline is my bias indicator.
I have 2 sma which acts as a buffer for the 4490 - 4575 (4 hourly btw ). Atm the sma is holding the 4490. But I have the cci going into the overbought area, so there probably will be a surge up. So I will not attempt any shorts right now if I am planning on making a trade.
Thank You
  • #120,202
  • Feb 13, 2009 1:19am Feb 13, 2009 1:19am
Quoting ezodisy
yeah I agree about the change in direction, and sometimes it's clear by how the 7am 1h candle closes. Cheers and I hope you'll keep posting here
Thanks for the welcome!!
  • #120,203
  • Feb 13, 2009 1:19am Feb 13, 2009 1:19am
Keep an eye out for nice long wicks forming on the tops of the candles...
a nice strong resistence is at the 456x level...

we are also seeing a retrace for the 4hr. too long a ride up without paying the toll.
we should see a retrace at this time...small but apparent..needs to gain strenght before testing 456x level..

My eye is set on the Daily trend line...just touching top candle for 2/9 at 12:00 hour. it slants down toward 1.48xx level..that is the real test.
  • #120,204
  • Feb 13, 2009 1:27am Feb 13, 2009 1:27am
Quoting Barny
Can anyone tell me how I can get this forum threads to refresh automatically on my desktop. Currently I just go back one then forward to the latest
not sure if there's an automatic way, I just click refresh (F5)
  • #120,205
  • Feb 13, 2009 1:39am Feb 13, 2009 1:39am
Quoting ezodisy
not sure if there's an automatic way, I just click refresh (F5)

Try this:

http://www.xwen.org/index.php?option...d=20&Itemid=40
  • #120,206
  • Feb 13, 2009 1:45am Feb 13, 2009 1:45am
is anybody with me?

could 1.4490 be a good point for sell
  • #120,207
  • Feb 13, 2009 1:46am Feb 13, 2009 1:46am
1.4545 R2....sellingpoint?anyone agree?
  • #120,208
  • Feb 13, 2009 1:47am Feb 13, 2009 1:47am
Quoting Utopia
Try this:

http://www.xwen.org/index.php?option...d=20&Itemid=40
Many thanks chaps. Thought there might be a FXFactory tool that did it. No worries, both your suggestion are OK
  • #120,209
  • Feb 13, 2009 1:49am Feb 13, 2009 1:49am
Thanks Utopia but I use Firefox. Will see if there's something similar

Quote
1.4545 R2....sellingpoint?anyone agree?

I have that in mind too but will be back later in the day
  • #120,210
  • Feb 13, 2009 1:49am Feb 13, 2009 1:49am
Quoting JammerJams
Keep an eye out for nice long wicks forming on the tops of the candles...
a nice strong resistence is at the 456x level...

we are also seeing a retrace for the 4hr. too long a ride up without paying the toll.
we should see a retrace at this time...small but apparent..needs to gain strenght before testing 456x level..

My eye is set on the Daily trend line...just touching top candle for 2/9 at 12:00 hour. it slants down toward 1.48xx level..that is the real test.
There goes the surge up I was expecting.
Anyway, spot on there mate, guess we're on the same page since we are pretty much looking at the same thing. 4550 is the top of my buffer. Clear that, and we will be looking up at 4770. If that happens today, guess I'm gonna have to forget about the weekend break & prepare to lock and load!
Thank You
  • #120,211
  • Feb 13, 2009 1:49am Feb 13, 2009 1:49am
Quoting sofia101
I agree with you ,it looks bullish on daily and 4H .Now how far the pair can go being bullish I don't see it more the 1.45-46 .And then we still going to finish down trend to 1.40 and lower.
Well it going where I said it will I think it will touch 1.46xx
  • #120,212
  • Feb 13, 2009 1:51am Feb 13, 2009 1:51am
And then will see if it will go higher
  • #120,213
  • Feb 13, 2009 1:51am Feb 13, 2009 1:51am
[quote=ezodisy;2537080]Thanks Utopia but I use Firefox. Will see if there's something similar

Here's one for firefox

https://addons.mozilla.org/en-US/firefox/addon/115
  • #120,214
  • Feb 13, 2009 1:53am Feb 13, 2009 1:53am
Short now at the 50% and daily R2 level 1.4550/60?
  • #120,215
  • Feb 13, 2009 1:54am Feb 13, 2009 1:54am
Quoting sofia101
And then will see if it will go higher
How much your green pips now?
  • #120,216
  • Feb 13, 2009 1:56am Feb 13, 2009 1:56am
Quoting Exciter135
How much your green pips now?
LOL I don't tell my secrets
  • #120,217
  • Feb 13, 2009 1:57am Feb 13, 2009 1:57am
Quoting sofia101
LOL I don't tell my secrets
. Sorry. But I do hope you bagged much.
  • #120,218
  • Feb 13, 2009 1:58am Feb 13, 2009 1:58am
i bagged 60 on the rise .. limit hit while i was out at the bar hah .. had i held id be almost +120
  • #120,219
  • Feb 13, 2009 2:01am Feb 13, 2009 2:01am
Took an early entry .. sold 1.4555, target 1.4500 (+55) .. Will add on a drop and 50% retrace
  • #120,220
  • Feb 13, 2009 2:02am Feb 13, 2009 2:02am
Quoting Exciter135
. Sorry. But I do hope you bagged much.
Thank you
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