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Cable Update (GBPUSD)

  • #128,181
  • Mar 26, 2009 10:43am Mar 26, 2009 10:43am
Derek

What about Euro,,will we go till 1.2990 and up again,,,or what ?


Quoting derek
this is target for one week and best entry point
  • #128,182
  • Edited 11:02am Mar 26, 2009 10:51am | Edited 11:02am
What you guys complain about?! Gezuz!
One got 6 post and the other one less then 200 and arguing about a guys that give calls 80% accurate most of the time.

What do you don't understand?!
Take the advise or leave it... damit!

----------------

This place is filled whit newbs now...
  • #128,183
  • Mar 26, 2009 12:21pm Mar 26, 2009 12:21pm
Quoting PipLand
cool! would it be possible to post some charts with them as well so we can see where your coming from?

Cheers

Hi PipLand and all active Cable Traders

I'll try to add charts with my calls but most of my trading is Mobile and make that a bit difficult. My System is very basic and I believe Newbie’s can lean a lot more from other experienced traders here that use trend lines/Fibs/Candle formations etc.

Herewith then my system and template together with a indicator from ForexLion that I modified a bit to show the 5EMA of the 4hr/1hr/30min/15. If you are interested and I have not placed a chart you can always call up the Template.

In Short I use a 50 EMA for direction; Only go Long above and Short Below that. I use a 10 EMA Envelope to show me when the market is Ranging. The MTF 5 EMA is just for confirmation especially when the market is Ranging.

I usually trade the 4hr and only make decisions on Closed Candles

Hope this will help.
M&M

ps I'll place a link in my Signature to this Post for future reference.
Attached Image
Attached File(s)
File Type: tpl fx1618_4hr.tpl   3 KB | 423 downloads
File Type: mq4 MTF_5EMA.mq4   4 KB | 450 downloads
  • #128,184
  • Mar 26, 2009 12:41pm Mar 26, 2009 12:41pm
1.4456 = -0.27 of yesterday Hight Low
Next target 0.618 = 1.4381

Middle one: 1.4438

------------
Nice chart, I also use 50 ema as pivot.

--------------------

Dow hitting Long term Resistance = 7926 as udsx = 84
  • #128,185
  • Mar 26, 2009 12:58pm Mar 26, 2009 12:58pm
Hey guys .. Monthly pivot was just reached at 1.4449

If this up leg has some balls to it, a good place to think about a long would be in the white box I have on the chart. An overlap of a 38.2 and 50% plus 21 and 55 daily EMAs. Or as low as the second white area, a 50 and 61.8% plus the weekly pivot.
Attached Image (click to enlarge)
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  • #128,186
  • Mar 26, 2009 1:00pm Mar 26, 2009 1:00pm
Entry 1.4485 Exit 1.4425 - 60 pips

Thx for the call Derek!
  • #128,187
  • Mar 26, 2009 1:00pm Mar 26, 2009 1:00pm
Quoting Inzider
Dow hitting Long term Resistance = 7926 as udsx = 84
getting ready to buy etf 'DOG'

50k cash waiting for pullback too
  • #128,188
  • Mar 26, 2009 1:01pm Mar 26, 2009 1:01pm
The bounce we just had was off the daily M1 pivot at 1.4425. The move down started at M3 so a stall here and profit taking is expected. Its also a 38.2 level.
  • #128,189
  • Mar 26, 2009 1:05pm Mar 26, 2009 1:05pm
Have a look at that, it just went back at lower pitchfork median that we "follow" from last 3 days.

Expect correction to middle band...

Quoting allserene
getting ready to buy etf 'DOG'

50k cash waiting for pullback too
I saw some riskier trade
80% chance of a major down move here for the dow...
I bet we'll have a ugly friday... muahah!
Attached Image (click to enlarge)
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  • #128,190
  • Mar 26, 2009 1:07pm Mar 26, 2009 1:07pm
Quoting allserene
getting ready to buy etf 'DOG'

50k cash waiting for pullback too
Is that the equivalent of shorting the dow?
  • #128,191
  • Mar 26, 2009 1:08pm Mar 26, 2009 1:08pm
Quoting Inzider
Have a look at that, it just went back at lower pitchfork median that we "follow" from last 3 days.

Expect correction to middle band...



I saw some riskier trade
80% chance of a major down move here for the dow...
I bet we'll have a ugly friday... muahah!
Hope so, I am currently long for a scalp.
  • #128,192
  • Mar 26, 2009 1:26pm Mar 26, 2009 1:26pm
Quoting allserene
getting ready to buy etf 'DOG'

50k cash waiting for pullback too
You pull the trigger on that buy?
  • #128,193
  • Mar 26, 2009 1:29pm Mar 26, 2009 1:29pm
Quoting jack.canadia
Hope so, I am currently long for a scalp.
Careful whit that counter trend move since ABCD on 5 min is not fully done.
Could get another 60 pips lower....

38 still hold wish u luck!
  • #128,194
  • Mar 26, 2009 1:29pm Mar 26, 2009 1:29pm
Here's a DOW chart for you guys.
Attached Image (click to enlarge)
Click to Enlarge Name: dow.gif Size: 40 KB
  • #128,195
  • Mar 26, 2009 1:31pm Mar 26, 2009 1:31pm
Quoting jack.canadia
Is that the equivalent of shorting the dow?
yes its an easy way to short the DOW - i pay $7 charges so i can be in and out with it

when the DOW goes up, DOG goes down proportionally - and of course vicky verky
  • #128,196
  • Mar 26, 2009 1:31pm Mar 26, 2009 1:31pm
Quoting Inzider
Careful whit that counter trend move since ABCD on 5 min is not fully done.
Could get another 60 pips lower....

38 still hold wish u luck!
It was too hard to resist! Daily M1 and a 38.2 overlapped exactly.

My stop is 1 pip beyond the low and I am only looking for 20 pips on each lot.
  • #128,197
  • Mar 26, 2009 1:34pm Mar 26, 2009 1:34pm
hey guys still Short ...........
Attached Image (click to enlarge)
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BANDA333
  • #128,198
  • Mar 26, 2009 1:39pm Mar 26, 2009 1:39pm
Quoting jack.canadia
It was too hard to resist! Daily M1 and a 38.2 overlapped exactly.

My stop is 1 pip beyond the low and I am only looking for 20 pips on each lot.
All good!

I agree whit your analysis and looking at 15TF the abcd of 220 pips each move is complete. 80% chance on ur side, its no gambling....

1H just hit 200 ema... Target 1.4484 in at 1.4440 here, Sl 30 pips...
__________

Hi Banda!
  • #128,199
  • Mar 26, 2009 2:02pm Mar 26, 2009 2:02pm
Hi
I agree with you can try a small long......... I want to go long on gbp/jpy around 141.50 don't know if it will work..............I kept this short from 1.4710 as fundies not good for GBP with failed attempt of sales government bonds..........IMHO opinion GBP/$ didn't hit 1.43 as GBP/YEN was doing better maybe......... yen was weak ...........again it proves correlation work

Quoting Inzider
All good!

I agree whit your analysis and looking at 15TF the abcd of 220 pips each move is complete. 80% chance on ur side, its no gambling....

1H just hit 200 ema... Target 1.4484 in at 1.4440 here, Sl 30 pips...
__________

Hi Banda!
BANDA333
  • #128,200
  • Mar 26, 2009 2:08pm Mar 26, 2009 2:08pm
I agree Inzider. It looks like a bounce is on it way based on the one hour chart.
say something political...what I would eat if I wasn't going to die.
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