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Cable Update (GBPUSD)

  • #143,381
  • Jul 7, 2009 12:06am Jul 7, 2009 12:06am
getting sleepy .. damn eastern time zone
  • #143,382
  • Jul 7, 2009 12:16am Jul 7, 2009 12:16am
Quoting forexlion
1.6283 was a very good entry

Timberrrrrrr .........
I think no timber timber today. got beaten up like a mad dog yesterday shorting GU after the US session retrace which never ended, destroying all the gains i made on the big move yesterday on london.

Henceforth i will just follow what my indicators say and leave the speculations alone
  • #143,383
  • Jul 7, 2009 12:23am Jul 7, 2009 12:23am
Quoting jack.canadia
getting sleepy .. damn eastern time zone

Jack, do you think you would make a shit load more money if you lived in uk?
  • #143,384
  • Jul 7, 2009 12:28am Jul 7, 2009 12:28am
jack come live in warm tropical ozzie
  • #143,385
  • Jul 7, 2009 12:30am Jul 7, 2009 12:30am
Quoting alex1976
Jack, do you think you would make a shit load more money if you lived in uk?
i think id make more .. i trade a micro account though .. smaller account balance = smaller gains to stay within leverage limits
  • #143,386
  • Jul 7, 2009 12:31am Jul 7, 2009 12:31am
Quoting bags1
jack come live in warm tropical ozzie
ill be going to school in the caribbean .. if that counts .. still eastern time zone tho lol
  • #143,387
  • Jul 7, 2009 12:31am Jul 7, 2009 12:31am
Quoting Salsettefx
I think no timber timber today. got beaten up like a mad dog yesterday shorting GU after the US session retrace which never ended, destroying all the gains i made on the big move yesterday on london.

Henceforth i will just follow what my indicators say and leave the speculations alone
why did you short after a 200 pip tank at rock bottom ??
  • #143,388
  • Jul 7, 2009 12:33am Jul 7, 2009 12:33am
Quoting jack.canadia
ill be going to school in the caribbean .. if that counts .. still eastern time zone tho lol
Zimbabwe is a good place

US $ 12 = Zimbabwe $ 10 Billion

oh and i forgot 1 litre of milk is Zimbabwe $ 1 Billion
  • #143,389
  • Jul 7, 2009 12:35am Jul 7, 2009 12:35am
Quoting Salsettefx
I think no timber timber today. got beaten up like a mad dog yesterday shorting GU after the US session retrace which never ended, destroying all the gains i made on the big move yesterday on london.

Henceforth i will just follow what my indicators say and leave the speculations alone

  1. Always trade 1 hour charts
  2. Always try to open trade at day open price, you will be safer

  • #143,390
  • Edited 12:58am Jul 7, 2009 12:39am | Edited 12:58am
This is what I see

tp 1.6150
Attached Image (click to enlarge)
Click to Enlarge Name: GUH4.JPG Size: 97 KB
  • #143,391
  • Jul 7, 2009 12:41am Jul 7, 2009 12:41am
Quoting forexlion

  1. Always trade 1 hour charts
  2. Always try to open trade at day open price, you will be safer


Day open as in 5.00pm eastern?
  • #143,392
  • Jul 7, 2009 12:44am Jul 7, 2009 12:44am
Is that a hangman on the 4hr?
  • #143,393
  • Jul 7, 2009 12:47am Jul 7, 2009 12:47am
Quoting alex1976
Day open as in 5.00pm eastern?
use this to draw a yellow line at day open price of whatever server you are using

Note: How price bounced off that line and timberrrrrrrrrrrr !!!
Attached File(s)
File Type: mq4 day_open.mq4   3 KB | 328 downloads
  • #143,394
  • Jul 7, 2009 12:52am Jul 7, 2009 12:52am
Quoting jack.canadia
ill be going to school in the caribbean .. if that counts .. still eastern time zone tho lol
where St Kitts ?
Blogging daily now at www.volume.zone
  • #143,395
  • Jul 7, 2009 12:52am Jul 7, 2009 12:52am
break this candle down u go

and next candle will confirm
  • #143,396
  • Jul 7, 2009 12:55am Jul 7, 2009 12:55am
Quoting forexlion
use this to draw a yellow line at day open price of whatever server you are using

Note: How price bounced off that line and timberrrrrrrrrrrr !!!
in fx day open can be any time. For me it is London as that is when max volume comes into play

1.6285 is high volume pivot 15 days ago ... that is where sellers are sitting ..have been all asia

Attached Image (click to enlarge)
Click to Enlarge Name: chart1.png Size: 198 KB
Blogging daily now at www.volume.zone
  • #143,397
  • Jul 7, 2009 1:00am Jul 7, 2009 1:00am
Quoting malcolmb14
in fx day open can be any time. For me it is London as that is when max volume comes into play

1.6285 is high volume pivot 15 days ago ... that is where sellers are sitting ..have been all asia

Attachment
on ibfx my day open is 0 GMT
  • #143,398
  • Jul 7, 2009 1:00am Jul 7, 2009 1:00am
can anyone advise on where to take profit and you reasons why please....!
im in at 1.6264 short
  • #143,399
  • Jul 7, 2009 1:03am Jul 7, 2009 1:03am
Lets wait for London Big Boys. They are getting dressed.
Great Bodies are Engineered not Born
  • #143,400
  • Jul 7, 2009 1:04am Jul 7, 2009 1:04am
Quoting poisonivy0
can anyone advise on where to take profit and you reasons why please....!
im in at 1.6264 short
If you are new to this I would recommend trailing stop to protect your green pips.
Better safe than sorry
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