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Cable Update (GBPUSD)

  • #123,121
  • Feb 24, 2009 10:33am Feb 24, 2009 10:33am
Quoting brokerslo
Eohater what trading software do you use and what broker do you use
I'm not going to disclose the software, it's a long story as to how I came about using this software. It's good software, but for what they charge the public for it, I would not recommend it. My primary broker is MBTrading and secondary is FXDD. There's some excellent software available, I would recommend Fxclub.com Rumus (Classic) software if your looking for some good charting software. I'm not running it live yet, but I'm playing with it and find I do like it. Infinity could give you more insight to their software.
Just digging in the trenches like everyone else!
  • #123,122
  • Feb 24, 2009 10:33am Feb 24, 2009 10:33am
Quoting thirtypips
Just closed my 1.4441 SELL @ 1.4403, a nice 38 pips.

Now looking for another Sell op if she bounces back up.
Good job!
Just digging in the trenches like everyone else!
  • #123,123
  • Feb 24, 2009 10:38am Feb 24, 2009 10:38am
I see euro neutral on 15 min chart and cable lower than that.


So I would go short at 1.4550 with no change much on euro, but staying out in the meantime

Nothing thrilling at the mo so I will keep my powder dry
  • #123,124
  • Feb 24, 2009 10:40am Feb 24, 2009 10:40am
Quoting allserene
I see euro neutral on 15 min chart and cable lower than that.


So I would go short at 1.4550 with no change much on euro, but staying out in the meantime

Nothing thrilling at the mo so I will keep my powder dry
Should we see 4550, I'll be looking for a short myself.
Just digging in the trenches like everyone else!
  • #123,125
  • Feb 24, 2009 10:40am Feb 24, 2009 10:40am
Quoting Infinity
It is bearish indeed but it did not close below the h4 50ema.. that is the area I was watching.... I am still in btw... price went to within a pip of my sl... may still take me out though....
I dont have that EMA im gonna add it now cheers!
  • #123,126
  • Feb 24, 2009 10:46am Feb 24, 2009 10:46am
Quoting PipLand
I dont have that EMA im gonna add it now cheers!
You should have the 50ema on all your charts.
Just digging in the trenches like everyone else!
  • #123,127
  • Feb 24, 2009 10:55am Feb 24, 2009 10:55am
Quoting allserene
I see euro neutral on 15 min chart and cable lower than that.


So I would go short at 1.4550 with no change much on euro, but staying out in the meantime

Nothing thrilling at the mo so I will keep my powder dry
i see a cup of tea pattern in eur-usd 1H, i think agood short entry is around 1.281x-2x.... do you see too??
  • #123,128
  • Feb 24, 2009 11:00am Feb 24, 2009 11:00am
Quoting eohater
You should have the 50ema on all your charts.
Im a MA novice im still learning them.
  • #123,129
  • Feb 24, 2009 11:02am Feb 24, 2009 11:02am
Quoting PipLand
Im a MA novice im still learning them.
Treat them like floating support/resistance. Some are of higher value than others. For example, the 50ema is respected more than a 10ema/sma.
Just digging in the trenches like everyone else!
  • #123,130
  • Feb 24, 2009 11:04am Feb 24, 2009 11:04am
long life GU
ROBOT FOREX
  • #123,131
  • Feb 24, 2009 11:09am Feb 24, 2009 11:09am
Quoting eohater
Treat them like floating support/resistance. Some are of higher value than others. For example, the 50ema is respected more than a 10ema/sma.
Yeah Ive had a read of your thread but I havent checked it out recently, will def do that when i get some more time, thanks for the contribution. I added a lot of the MA's you use and have been studying the way the price moves around them but mostly on the 15min chart. I also added the 1hr62 ema on the 1hr which works nicely!

The MA's i have added definatly improved my decisions
  • #123,132
  • Feb 24, 2009 11:18am Feb 24, 2009 11:18am
long @ 1,4381 as I can't see any selling pressure. Keeping a tight SL though.
  • #123,133
  • Feb 24, 2009 11:21am Feb 24, 2009 11:21am
H1 BIG Support Zone: 1.437 to 1.433... if down we will go to 1.425.
  • #123,134
  • Feb 24, 2009 11:25am Feb 24, 2009 11:25am
Quoting GoldenSpur
H1 BIG Support Zone: 1.437 to 1.433... if down we will go to 1.425.
We'll get there
Thank You
  • #123,135
  • Feb 24, 2009 11:32am Feb 24, 2009 11:32am
Quoting cesarg
i see a cup of tea pattern in eur-usd 1H, i think agood short entry is around 1.281x-2x.... do you see too??
I see a cup of coffee and a ginger biscuit forming very soon...

about 1.2820 would be a great place for a little euro short - i agree

pssst keep it quiet coz the cable freeks dont like to talk about other pairs


Now here is an interesting pair that is always a winner

http://www.yourcelebritystuff.com/wp...lly-parton.jpg
  • #123,136
  • Feb 24, 2009 11:37am Feb 24, 2009 11:37am
Quoting allserene

Now here is an interesting pair that is always a winner

http://www.yourcelebritystuff.com/wp...lly-parton.jpg
Thank You
  • #123,137
  • Feb 24, 2009 11:39am Feb 24, 2009 11:39am
Quoting GoldenSpur
H1 BIG Support Zone: 1.437 to 1.433... if down we will go to 1.425.
Yeah it's daily low for today
  • #123,138
  • Feb 24, 2009 12:11pm Feb 24, 2009 12:11pm
are we in some kind of time warp ?

nothing is happening

am I growing older during this suspension of galactic time - or just preserved with my digit poised over the sell button ?

I know, I will switch to the 10 second chart and see if that helps
  • #123,139
  • Feb 24, 2009 12:26pm Feb 24, 2009 12:26pm
Long on a failure of 1.4370/50% retracement. Entered at 1.4402

DOW is having a positive day today.
  • #123,140
  • Feb 24, 2009 12:32pm Feb 24, 2009 12:32pm
I think it is going down, I will be shorting some more cabkle at 4450 keeping my 4320 target.
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