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Cable Update (GBPUSD)

  • #129,581
  • Apr 14, 2009 9:18pm Apr 14, 2009 9:18pm
is there anybody here?
  • #129,582
  • Apr 14, 2009 9:28pm Apr 14, 2009 9:28pm
Quoting ubaidahsan
hmmm but its still moving from 1.4880-1.4915 when it will go back its 5 hours now

Ub
you right ,

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GBPUSD history level
  • #129,583
  • Apr 14, 2009 10:55pm Apr 14, 2009 10:55pm
Quoting errich fx
you right ,

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GBPUSD history level
maybe people left because of errich's avatar.. gave me a fright man..
  • #129,584
  • Apr 15, 2009 12:48am Apr 15, 2009 12:48am
Happy Trading
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  • #129,585
  • Apr 15, 2009 12:55am Apr 15, 2009 12:55am
Quoting pippin_min
maybe people left because of errich's avatar.. gave me a fright man..
Agreed!!
  • #129,586
  • Apr 15, 2009 1:33am Apr 15, 2009 1:33am
Quoting Abuawad
Happy Trading
nice analyst from you bro...
I'm follow on Entry 1.4860 SL 1.4916 TP 1.4790...
let's ride on...
just follow the trend...
  • #129,587
  • Apr 15, 2009 2:50am Apr 15, 2009 2:50am
Sorry to ask the same question you probably all hear every day, but is the entry point for abuawads method when the 15min candle has closed over the entry level?

Anyone who knows the answer to this i would appreciate your feedback, if i have got it wrong or if there are any other conditions, i would love to know.

I have read the info provided but i cant find the answer to this.

Thanks
  • #129,588
  • Apr 15, 2009 3:07am Apr 15, 2009 3:07am
price broke out of box, moving withing channel and hitting this daily trendline
Attached Image(s) (click to enlarge)
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #129,589
  • Apr 15, 2009 3:14am Apr 15, 2009 3:14am
Quoting eaglestar
price broke out of box, moving withing channel and hitting this daily trendline
Dude, I thought my charts can get messy with all my TLs but that first chart looks like a game of pick up sticks. How do you see anything through that?
  • #129,590
  • Apr 15, 2009 3:18am Apr 15, 2009 3:18am
According to the method should we of sold at 14860? ( 2 hours ago)
  • #129,591
  • Apr 15, 2009 3:26am Apr 15, 2009 3:26am
Quoting bobcat
According to the method should we of sold at 14860? ( 2 hours ago)
Well unless the method said get out 1 hour ago at 4820 the position would be under water right now.

This pair has a huge whipsaw ability and a fat range so it's possible to get in and out with profit most anytime and about anyway. You just don't want to get caught on the wrong side of the fence if the price decides change floors, though. That's why I was wary of shorts earlier. They looked good for most of the day but in a flash this sucker has the ability to blow out of the current range.
  • #129,592
  • Apr 15, 2009 3:38am Apr 15, 2009 3:38am
Quoting Pipsta
Well unless the method said get out 1 hour ago at 4820 the position would be under water right now.

This pair has a huge whipsaw ability and a fat range so it's possible to get in and out with profit most anytime and about anyway. You just don't want to get caught on the wrong side of the fence if the price decides change floors, though. That's why I was wary of shorts earlier. They looked good for most of the day but in a flash this sucker has the ability to blow out of the current range.
Ok thanks for reply, but i guess what im saying is according to the abuawads method should that of been an entry or not? im just trying to understand.

I read somewhere entry was after a 15 candle close over entry level, but then it mentions a 4 hour close somewhere else.

Anyone?
  • #129,593
  • Apr 15, 2009 3:47am Apr 15, 2009 3:47am
Quoting bobcat
Ok thanks for reply, but i guess what im saying is according to the abuawads method should that of been an entry or not? im just trying to understand.

I read somewhere entry was after a 15 candle close over entry level, but then it mentions a 4 hour close somewhere else.

Anyone?
I don't know that method, my apologies.
  • #129,594
  • Apr 15, 2009 3:48am Apr 15, 2009 3:48am
Quoting bobcat
Ok thanks for reply, but i guess what im saying is according to the abuawads method should that of been an entry or not? im just trying to understand.

I read somewhere entry was after a 15 candle close over entry level, but then it mentions a 4 hour close somewhere else.

Anyone?
4H candle used with the unknown area limit. for example till now we don't have closed/ opened 4H candle above or below the unknown area limits. in other word, till now no confirmation is cable going up or down.

30M candle not 15M for the entry points, i say 15M candle to check it time to see where is the next 30M candle will open or close.
remember, to activate the entry point we have to close below it (in case sell) with one 30M candle and confirmation from another 30M candle open below the entry ( in case sell)
In case buy, just replace below to above.
i Hope it's clear now.
  • #129,595
  • Apr 15, 2009 3:52am Apr 15, 2009 3:52am
Quoting Pipsta
Dude, I thought my charts can get messy with all my TLs but that first chart looks like a game of pick up sticks. How do you see anything through that?
color coding of multiple time frames on one chart. this is pretty basic. when i add fibs and s/r it gets a bit more difficult to read.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #129,596
  • Apr 15, 2009 3:54am Apr 15, 2009 3:54am
wave analysis
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  • #129,597
  • Apr 15, 2009 4:03am Apr 15, 2009 4:03am
The same chart which was posted yesterday. 4950 level is still key.
As I mentioned yesterday, the failure to break doesn't necessarily propel us for the "big fall". We could just pullback a bit before testing the highs again.
And we are doing just that again today.
Break this and I will stick with what I mentioned earlier by us probably seeing 5225 level as a possible target. Personally, ideal short levels for me would be below 4500 levels.
Good luck
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Thank You
  • #129,598
  • Apr 15, 2009 4:04am Apr 15, 2009 4:04am
Long, G/U is up
Give me patience
  • #129,599
  • Apr 15, 2009 4:07am Apr 15, 2009 4:07am
Quoting Abuawad
4H candle used with the unknown area limit. for example till now we don't have closed/ opened 4H candle above or below the unknown area limits. in other word, till now no confirmation is cable going up or down.

30M candle not 15M for the entry points, i say 15M candle to check it time to see where is the next 30M candle will open or close.
remember, to activate the entry point we have to close below it (in case sell) with one 30M candle and confirmation from another 30M candle open below the entry ( in case sell)
In case buy, just replace below...

Thanks for reply, so just to confirm, for a sell, you enter after 30min candle has closed below the entry level, providing new candle opens below this level.

Are there any other conditions iv missed? (except news etc)

Should 14860 of been a sell entry then? (30min closed below it)

Thanks for your answers, i imagine you have these same questions every day!
  • #129,600
  • Apr 15, 2009 4:09am Apr 15, 2009 4:09am
Quoting pippin_min
maybe people left because of errich's avatar.. gave me a fright man..
that's a real ghost in my country
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