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Cable Update (GBPUSD)

  • #138,081
  • Jun 18, 2009 7:59am Jun 18, 2009 7:59am
Quoting RichLadyFX
Are you long now? Mine long @1.6254
Yes. Booked profits on short down at 6225. Now long at 62621. Not the best of entry but only a small trade. Tight sl at 62 and conservative tp target of 6380.

Good luck. Time will tell.
  • #138,082
  • Jun 18, 2009 8:03am Jun 18, 2009 8:03am
Quoting LuckyRoost
From 6420 today - (EUR and GBP should rise) tomorrow could be a tanker correct?
  • #138,083
  • Jun 18, 2009 8:05am Jun 18, 2009 8:05am
Stay with the GRAVY TRAIN guys......

I'm outta here
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #138,084
  • Jun 18, 2009 8:05am Jun 18, 2009 8:05am
Quoting RichLadyFX
Are you long now? Mine long @1.6254
As I said before I'm bias to long GU.. I will short between the range of 1.6370/1.6430 depending on what I see on the chart.. Thats my opinion now.. but then I might just change my stand anytime..we'll see.
  • #138,085
  • Jun 18, 2009 8:08am Jun 18, 2009 8:08am
Quoting Bull_Bear
Stay with the GRAVY TRAIN guys......

I'm outta here
Hi mate. I will. Just a quick scalp for play.
  • #138,086
  • Jun 18, 2009 8:10am Jun 18, 2009 8:10am
Quoting sycho
nope,more like bull's trap..i would stay clear until we get to level's like..1.6471 proven area of supply..and look for selling opportunities on smaller tf's.HOLLA
CAPTAIN Sycho..
Eye Eye captain!
Great Bodies are Engineered not Born
  • #138,087
  • Jun 18, 2009 8:14am Jun 18, 2009 8:14am
For anyone who likes trading pivot ! I am long 1.6220 ( DP Day -6). TP 1.6315 ( DP Day -2/M5ema200/M15ema50-62) ! SL moved to 1.6290
Attached Image (click to enlarge)
Click to Enlarge Name: 180609.gif Size: 58 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #138,088
  • Jun 18, 2009 8:21am Jun 18, 2009 8:21am
Was just gonna hop into bed but just thought i put in a call for EUR short 1.3975..... SL .....1.4070......open or 1.3700.

PS good shorting for cable too.

Now i'm really outta here
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #138,089
  • Jun 18, 2009 8:22am Jun 18, 2009 8:22am
Quoting RichLadyFX
Eye Eye captain!
lol..dependin on what happen's at 1.6471area,if we see some more bulls been added to form a total bullish volume there,then we can say we are in a little bull run here,but if the reverse be the case,then am naillingher back down..cheer's sis..HOLLA
CAPTAIN Sycho..
Imanuel Parsifal
  • #138,090
  • Jun 18, 2009 8:28am Jun 18, 2009 8:28am
for all of u who overcomplicate trading.. here is a simple example how to trade gbpusd with pivots as support and resistance:
Attached Image (click to enlarge)
Click to Enlarge Name: 123.gif Size: 19 KB
  • #138,091
  • Jun 18, 2009 8:36am Jun 18, 2009 8:36am
Quoting sycho
lol..dependin on what happen's at 1.6471area,if we see some more bulls been added to form a total bullish volume there,then we can say we are in a little bull run here,but if the reverse be the case,then am naillingher back down..cheer's sis..HOLLA
CAPTAIN Sycho..
Pass 1.6315, may go up untill 1.6471, but still have another strong resistance on 1.6358 - 1.6375 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #138,092
  • Jun 18, 2009 8:37am Jun 18, 2009 8:37am
Quoting slykyn
for all of u who overcomplicate trading.. here is a simple example how to trade gbpusd with pivots as support and resistance:
Yes it just retested the weekly pivot... still going up.
  • #138,093
  • Jun 18, 2009 8:40am Jun 18, 2009 8:40am
Quoting alexandru987
Yes it just retested the weekly pivot... still going up.
over 100 pips profit possibility. i think theres nothing easier out there to trade this lines on on short basis.
  • #138,094
  • Jun 18, 2009 9:08am Jun 18, 2009 9:08am
Speaking of using pivots... I'm embarassed to say that I'm not very familiar with them because I'm having a hard time creating them on the FXCM charts. Could anyone on here enlighten me on how to create daily or weekly pivot levels with FXCM charts.

Any help appreciated.

Thanks.
Doh! I didn't mean to do that.
  • #138,095
  • Jun 18, 2009 9:09am Jun 18, 2009 9:09am
Quoting slykyn
for all of u who overcomplicate trading.. here is a simple example how to trade gbpusd with pivots as support and resistance:
can you please post this indicator ?
  • #138,096
  • Jun 18, 2009 9:10am Jun 18, 2009 9:10am
Is this a real bull or bear in disguise in the shape of bull?
Great Bodies are Engineered not Born
  • #138,097
  • Jun 18, 2009 9:13am Jun 18, 2009 9:13am
100 pips from resistance

http://forexforums.dailyfx.com/attac...yst-forex2.jpg

http://forexforums.dailyfx.com/attac...yst-forex1.jpg

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

S + R = $$$

.
  • #138,098
  • Jun 18, 2009 9:14am Jun 18, 2009 9:14am
Quoting RichLadyFX
Is this a real bull or bear in disguise in the shape of bull?
Its got horns it must be a bull
  • #138,099
  • Jun 18, 2009 9:16am Jun 18, 2009 9:16am
Try this one.

Also, for the person with FXCM charts, perhaps you have to plot your lines on manually. You can go to http://www.actionforex.com/technical...-200603205734/ for updated pivot points and just make horizontal lines on your chart.

Hope this helps.

Quoting macd
can you please post this indicator ?
Attached File(s)
File Type: mq4 ###Auto Pivot2.mq4   16 KB | 237 downloads
  • #138,100
  • Jun 18, 2009 9:18am Jun 18, 2009 9:18am
Quoting 4cfx

My Chart 4hr has 1.6468 as possible-- but tends to overshoot... I closed 2/3 of my postion at 1.6330 moved my Sl to 1.6270 on remaining 1/3 position. my remaining TP is between 1.6413 & 1.6468. (whenever E/U stops rising or U/C stops falling). And I plan on shorting the next top.

I'm just bummed I closed my g/j long and cad/usd short too soon....
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