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Cable Update (GBPUSD)

  • #129,221
  • Apr 8, 2009 7:42am Apr 8, 2009 7:42am
here again my chart ....colorfull one..
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 57 KB
be patient, self-belief and discipline... stay focus...
  • #129,222
  • Apr 8, 2009 7:44am Apr 8, 2009 7:44am
I think there is a chance of short covering before FOMC and i think thats whats causing USD to go lower against most major currencies - earlier comment about Fed not being able to print anymore money short term plus pressure on Fed not to expand its balance sheet could change the tone and bring USD back up (fundamentally) - people are reacting like sheep and hence the volatility - systematically pound should weaken (weaker circumstances) and dollar should strengthen (risk aversion - equities/banks in deep trouble still for another 3-6 months) - UK economy is in a worse condition then people think it is.
  • #129,223
  • Apr 8, 2009 8:09am Apr 8, 2009 8:09am
We all know that this market is not a straight market..it is a ZIG ZAG market..so we should try as much as possible to trade it in a ZIG ZAG way

try the ZIG ZAG indicators
  • #129,224
  • Apr 8, 2009 8:30am Apr 8, 2009 8:30am
Quoting alfamichi
We all know that this market is not a straight market..it is a ZIG ZAG market..so we should try as much as possible to trade it in a ZIG ZAG way

try the ZIG ZAG indicators
i have zig zag indicator..but i like to use mannually with my colorfull art...eeeee
be patient, self-belief and discipline... stay focus...
  • #129,225
  • Apr 8, 2009 8:47am Apr 8, 2009 8:47am
This old man, he played seven
He played knick-knack up in heaven
With a knick-knack paddywhack, give a dog a bone
This old man came rolling home

When life gives you lemons, make lemonade
  • #129,226
  • Apr 8, 2009 8:48am Apr 8, 2009 8:48am
Quoting radit27
i have zig zag indicator..but i like to use mannually with my colorfull art...eeeee
i don't know your chat time..but it works well on 5mins chat..check it out...it give 10 to 20 pips..when ever there is a cross over....
  • #129,227
  • Apr 8, 2009 8:52am Apr 8, 2009 8:52am
Quoting alfamichi
i don't know your chat time..but it works well on 5mins chat..check it out...it give 10 to 20 pips..when ever there is a cross over....
Crossover with what? I can see only one line...
  • #129,228
  • Apr 8, 2009 8:57am Apr 8, 2009 8:57am
how do you think, please give advice

Attached Image (click to enlarge)
Click to Enlarge Name: forex.GIF Size: 16 KB
  • #129,229
  • Apr 8, 2009 9:04am Apr 8, 2009 9:04am
Quoting alfamichi
i don't know your chat time..but it works well on 5mins chat..check it out...it give 10 to 20 pips..when ever there is a cross over....

Looks great on M1 if it's not repainting after the event, totally missed that!!


Which I imagine it will be, looks too perfect sadly!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #129,230
  • Apr 8, 2009 9:07am Apr 8, 2009 9:07am
how about this one? is it right ?
Attached Image (click to enlarge)
Click to Enlarge Name: forex.GIF Size: 18 KB
  • #129,231
  • Apr 8, 2009 9:11am Apr 8, 2009 9:11am
Quoting alfamichi
i don't know your chat time..but it works well on 5mins chat..check it out...it give 10 to 20 pips..when ever there is a cross over....
Can you explain what you mean with crossover? (Chart as example?). TY in advance.

forex-dragon
  • #129,232
  • Apr 8, 2009 9:12am Apr 8, 2009 9:12am
Quoting Heilpraktike
Crossover with what? I can see only one line...
you will see one line in a ZIG ZAG form..when one line touches the other, i call it cross over..don't know what you will call it..please try it also on 15mins chat..but don't say i asked you to use it on your life trade...
  • #129,233
  • Apr 8, 2009 9:28am Apr 8, 2009 9:28am
hehee
be patient, self-belief and discipline... stay focus...
  • #129,234
  • Apr 8, 2009 9:32am Apr 8, 2009 9:32am
short @4730 close @4650 +80 pips
  • #129,235
  • Apr 8, 2009 9:38am Apr 8, 2009 9:38am
Quoting alfamichi
you will see one line in a ZIG ZAG form..when one line touches the other, i call it cross over..don't know what you will call it..please try it also on 15mins chat..but don't say i asked you to use it on your life trade...
Thank you But there is only one line. How could it cross the other?
  • #129,236
  • Apr 8, 2009 9:39am Apr 8, 2009 9:39am
selll!!!
be patient, self-belief and discipline... stay focus...
  • #129,237
  • Apr 8, 2009 10:05am Apr 8, 2009 10:05am
we should be going up minimum 1.4681 and probably 1.4707
When life gives you lemons, make lemonade
  • #129,238
  • Apr 8, 2009 10:07am Apr 8, 2009 10:07am
Quoting errich fx
how about this one? is it right ?
Attachment
i dont agree
When life gives you lemons, make lemonade
  • #129,239
  • Apr 8, 2009 10:08am Apr 8, 2009 10:08am
anyone go short?
be patient, self-belief and discipline... stay focus...
  • #129,240
  • Apr 8, 2009 10:10am Apr 8, 2009 10:10am
you know what, maybe we go back up to 1.4750 where all this started
When life gives you lemons, make lemonade
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