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Cable Update (GBPUSD)

  • #121,081
  • Feb 17, 2009 11:52am Feb 17, 2009 11:52am
Your levels are close to what mine are...within 10-20 pips. These arent exact levels, just an area believed to provide support/resistance.

My indicator calculates based on 00:00 GMT to 00:00 GMT (7pm est to 7pm est). I have heard that banks and large institutions use this setup instead of the 5pm est close.

Monday's pivots include the 2 hrs of sunday data from 22:00 to 00:00 GMT.
  • #121,082
  • Feb 17, 2009 11:54am Feb 17, 2009 11:54am
FXCM IS BACK! finally
  • #121,083
  • Feb 17, 2009 11:56am Feb 17, 2009 11:56am
my platform's back up.
Thank You
  • #121,084
  • Feb 17, 2009 12:03pm Feb 17, 2009 12:03pm
Quoting jack.canadia
Your levels are close to what mine are...within 10-20 pips. These arent exact levels, just an area believed to provide support/resistance.

My indicator calculates based on 00:00 GMT to 00:00 GMT (7pm est to 7pm est). I have heard that banks and large institutions use this setup instead of the 5pm est close.

Monday's pivots include the 2 hrs of sunday data from 22:00 to 00:00 GMT.
So is it right to expect different pivot values on the daily chart compared to lower time frame charts (60 pips difference in case of the R2)? Or is that purely down to the extra 2 hours Sunday? I'm on GMT as well.
  • #121,085
  • Feb 17, 2009 12:03pm Feb 17, 2009 12:03pm
Quoting Abuawad
both FXCM & MT. and now have this error in FXCM, ORA-12152
http://tns-12152.ora-code.com/
  • #121,086
  • Feb 17, 2009 12:05pm Feb 17, 2009 12:05pm
Quoting pmn100
So is it right to expect different pivot values on the daily chart compared to lower time frame charts (60 pips difference in case of the R2)? Or is that purely down to the extra 2 hours Sunday? I'm on GMT as well.
Well since we use the daily data to calculate them, they should be the same on every chart you look at. So, if we have daily S1 at 1.4190, then we should see that level as well on the 4hr, 1hr, 30min etc. They aren't recalculated for each time frame.

Do you use meta trader? I posted the indicators I use, you should give them a shot. Saves you time as they plot automatically at 00:00 GMT.
  • #121,087
  • Feb 17, 2009 12:07pm Feb 17, 2009 12:07pm
Took a short a 1.42252 ... 38.2 pullback of the recent m15 drop and hopefully the beginning of a 5th wave to break down lower.
  • #121,088
  • Feb 17, 2009 12:10pm Feb 17, 2009 12:10pm
Stop at +1 for now.
Attached Image (click to enlarge)
Click to Enlarge Name: usdx.gif Size: 43 KB
  • #121,089
  • Feb 17, 2009 12:10pm Feb 17, 2009 12:10pm
Quoting Abuawad
thanks, my 2nd target is login to the platform first.
You mean the plat form before modified ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #121,090
  • Feb 17, 2009 12:12pm Feb 17, 2009 12:12pm
Alternatively, S1 was a good buy for those that were able to (damn you FXCM). In that respect we wait for a break above the flag.

I never usually trade at this time I just realized. No wonder I hate the price action!
  • #121,091
  • Edited 12:27pm Feb 17, 2009 12:12pm | Edited 12:27pm
Quoting Galation
I'll put this one out again for people to comment:

What are your 3 month and 6 month projections for the Cable?

Mine:

3 month: Down to 1.25/1.30 (finds bottom here)
6 month: Correction up to 1.60ish
Only fools make such predictions, so here are mine!!

3 month: 1.35 (approx low, with the S&P500 bottoming at 650 in next few months. At this point the Bank Rate cutting cycle in UK will be complete)
6 month: 1.50 (risk very slowly coming back into the market, after large QE measures encourages investors into riskier assets)
Year End: 1.60 (the markets finally start to recognise the dangers of holding dollars purely because of its "safe-haven" qualities)
  • #121,092
  • Feb 17, 2009 12:12pm Feb 17, 2009 12:12pm
Quoting manize
You mean the plat form before modified ?
i didn't got you but i mean to login in to the trading station
  • #121,093
  • Feb 17, 2009 12:13pm Feb 17, 2009 12:13pm
Quoting jack.canadia
Well since we use the daily data to calculate them, they should be the same on every chart you look at. So, if we have daily S1 at 1.4190, then we should see that level as well on the 4hr, 1hr, 30min etc. They aren't recalculated for each time frame.

Do you use meta trader? I posted the indicators I use, you should give them a shot. Saves you time as they plot automatically at 00:00 GMT.
No I use ProRealTime. Thinking about it, I think its probably the extra 2 hours in the daily bar causing this. I'll give it a check tomorrow to see if its cured.

Thanks Jack.
  • #121,094
  • Feb 17, 2009 12:21pm Feb 17, 2009 12:21pm
Quoting Abuawad
i didn't got you but i mean to login in to the trading station
It means you took a long now !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #121,095
  • Feb 17, 2009 12:27pm Feb 17, 2009 12:27pm
Quoting wormboy
my platform's back up.

FXCM's primary data center is currently experiencing technical issues, which we hope they will resolve soon. Status updates are available at www.fxcm.com/fxstatus.

Your stop and limit orders will be honored. Please e-mail any trading related issues caused by the difficulties to [email protected].

We appreciate your patients and apologize for the inconvenience.

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  • #121,096
  • Feb 17, 2009 12:31pm Feb 17, 2009 12:31pm
Quoting jack.canadia
FXCM IS BACK! finally
yes, and my sell TP order wasn't fill at 4205....
  • #121,097
  • Feb 17, 2009 12:33pm Feb 17, 2009 12:33pm
Quoting cesarg
yes, and my sell TP order wasn't fill at 4205....
Call them now! If you had the order pending, they should honor it. Call them, call them, call them.
Just digging in the trenches like everyone else!
  • #121,098
  • Feb 17, 2009 12:33pm Feb 17, 2009 12:33pm
Quoting jsales
FXCM's primary data center is currently experiencing technical issues, which we hope they will resolve soon. Status updates are available at www.fxcm.com/fxstatus. ...
i hope that and i'll wait it.
  • #121,099
  • Feb 17, 2009 12:34pm Feb 17, 2009 12:34pm
Real Time Status

Updated in Real Time

***All FXCM platforms currently have access. Additional resources such as charts may have intermittent complications as
production works to resolve the technical issue.
This will be resolved very shortly.

Updated last 1:21 edt

http://www.fxstatus.com/
  • #121,100
  • Feb 17, 2009 12:49pm Feb 17, 2009 12:49pm
Ok i'm happy with the 69 pips for today...
see you tomorrow my friends...
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