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Cable Update (GBPUSD)

  • #143,921
  • Jul 7, 2009 10:44pm Jul 7, 2009 10:44pm
Quoting Forexworld
but on 4 H chart we are heading to downside
the retail forex traders (us) are the more bearish after the market has move the farthest down .. this can be seen in the COT data for those of you that know what that is.

im not saying we are going to bounce .. all i see is support and i buy there.
  • #143,922
  • Jul 7, 2009 10:48pm Jul 7, 2009 10:48pm
Quoting jack.canadia
sweet deal .. i recomend sticking with that setting and learning how to combine the levels with support and resistance, as well as fibonacci levels

hi jack,

i dl ur daily pivot too, but no idea how to load it into mt4.

help pls..
  • #143,923
  • Jul 7, 2009 10:49pm Jul 7, 2009 10:49pm
Quoting junto
hi jack,

i dl ur daily pivot too, but no idea how to load it into mt4.

help pls..
do this 1 by one

click on...

my computer
C drive
programs files
metatrader
experts folder
indicators folder --> drop the file in this folder .. restart mt4 .. will be under the custom indicators
  • #143,924
  • Jul 7, 2009 10:55pm Jul 7, 2009 10:55pm
Quoting jack.canadia
im not saying we are going to bounce .. all i see is support and i buy there.
I think buying before london is a bit risky bro. just a thought
Thank You
  • #143,925
  • Jul 7, 2009 10:55pm Jul 7, 2009 10:55pm
we will retest the pivot at 1.6183
  • #143,926
  • Jul 7, 2009 10:58pm Jul 7, 2009 10:58pm
Quoting wormboy
I think buying before london is a bit risky bro. just a thought
most time though if we are at support/resistance for any pair around the time of a major market open, moves occur accoring to that level.

example .. 6100 the other day pre NY open .. at support and what happened, buying. it occurs more times than you think
  • #143,927
  • Jul 7, 2009 10:58pm Jul 7, 2009 10:58pm
Quoting wormboy
I agree with you on the possibility of seeing 5900 level first before pulling elsewhere. Just this thing had been a slug.
My baby dragon had offered better trade options compared to cable this week so far.
hey my girl GJ is 2 timing me !!!! lol

I love trading GJ
Blogging daily now at www.volume.zone
  • #143,928
  • Jul 7, 2009 10:59pm Jul 7, 2009 10:59pm
Quoting malcolmb14
hey my girl GJ is 2 timing me !!!! lol

I love trading GJ
i dont know how u guys trade that pair .. too much for me lol overshoots support.resistance levels wider stops needed = stress lol
  • #143,929
  • Jul 7, 2009 11:00pm Jul 7, 2009 11:00pm
Quoting jack.canadia
the retail forex traders (us) are the more bearish after the market has move the farthest down .. this can be seen in the COT data for those of you that know what that is.

im not saying we are going to bounce .. all i see is support and i buy there.
agreed...
  • #143,930
  • Jul 7, 2009 11:03pm Jul 7, 2009 11:03pm
i keep forgetting but theres news in 2 hrs
  • #143,931
  • Jul 7, 2009 11:05pm Jul 7, 2009 11:05pm
Quoting jack.canadia
most time though if we are at support/resistance for any pair around the time of a major market open, moves occur accoring to that level.

example .. 6100 the other day pre NY open .. at support and what happened, buying. it occurs more times than you think
Okay. I have not had the chance to look at it the way you had. I'm just saying in this case since we had just cleared of the h4 ltl that i'll be riskier. But you're sharp bro, so I have very little reason to think that your strategy won't work
Thank You
  • #143,932
  • Jul 7, 2009 11:06pm Jul 7, 2009 11:06pm
Hourly close under both major support at Murray Math 0/8 6113 and -1/8 overshoot 6083.

In addition, not only did we break 6113 and ran down to 6060, but crucially we also retested that level and it held as resistance.

As I am a price trader, I have added to my 6154 short (see earlier posts) with a 6090 short. Stop loss is 6135 and I am looking for a run down to 6000.
Attached Image (click to enlarge)
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  • #143,933
  • Jul 7, 2009 11:06pm Jul 7, 2009 11:06pm
Quoting wormboy
Okay. I have not had the chance to look at it the way you had. I'm just saying in this case since we had just cleared of the h4 ltl that i'll be riskier. But you're sharp bro, so I have very little reason to think that your strategy won't work
i dont have a position currently .. but look at her go lol
  • #143,934
  • Jul 7, 2009 11:06pm Jul 7, 2009 11:06pm
Quoting malcolmb14
hey my girl GJ is 2 timing me !!!! lol

I love trading GJ
mate, you're 2 timing her too with cable!
Thank You
  • #143,935
  • Jul 7, 2009 11:11pm Jul 7, 2009 11:11pm
up for a short time meaning down for a long time.sorry .Jack what kind of SL you using ???

Quoting wormboy
I think buying before london is a bit risky bro. just a thought
  • #143,936
  • Jul 7, 2009 11:11pm Jul 7, 2009 11:11pm
Quoting Zuke
Hourly close under both major support at Murray Math 0/8 6113 and -1/8 overshoot 6083.

In addition, not only did we break 6113 and ran down to 6060, but crucially we also retested that level and it held as resistance.

As I am a price trader, I have added to my 6154 short (see earlier posts) with a 6090 short. Stop loss is 6135 and I am looking for a run down to 6000.
ya 6000 is next on the menu
  • #143,937
  • Jul 7, 2009 11:12pm Jul 7, 2009 11:12pm
Quoting Forexworld
up for a short time meaning down for a long time.sorry .Jack what kind of SL you using ???
my original longs from the 70 aread were stopped +3 .. dont let a winner ever go against u

right now no trade open for me
  • #143,938
  • Jul 7, 2009 11:15pm Jul 7, 2009 11:15pm
in at 1.60705...
risky...but im in for somethin small until london
probably gonna pull soon
With Great Money Management Comes Great Success PATIENCE
  • #143,939
  • Jul 7, 2009 11:15pm Jul 7, 2009 11:15pm
hello all.
sorry for my english
i want to share with you some setup, witch i found in internet and i check it for 5 days (and that works)
add to chart 2 Stochastic indicators
setup for first: A
KPeriod:120
Levels :
90
10

setup for second: B
KPeriod:15
Levels :
95
70
40
5

SL 10-12 pips
TP 30-40 pips

enter condition (buy)
if A>90 and B<40 (A must do first touch. After watch B)
if A<=5 and B<=5 (A must do first touch. After watch B)

exit
if use (if A>90 and B<40 ) then B->90
if use (A<=5 and B<=5 ) then B>=70


enter condition (sell)
if A<=10 and B>70 (A must do first touch. After watch B)
if A>=90 and B>=90 (A must do first touch. After watch B)

exit
if use (A<=10 and B>70 ) then B<=5
if use (A>=90 and B>=90 ) then B<=40.
  • #143,940
  • Jul 7, 2009 11:15pm Jul 7, 2009 11:15pm
Quoting jack.canadia
do this 1 by one

click on...

my computer
C drive
programs files
metatrader
experts folder
indicators folder --> drop the file in this folder .. restart mt4 .. will be under the custom indicators

hey jack,

thanks alot!

btw my pivot hr = 0 at 1.6071

it should b 1.6147 ?

wat hr should i set it to?
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