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Cable Update (GBPUSD)

  • #146,341
  • Jul 15, 2009 5:09am Jul 15, 2009 5:09am
Quoting 4cfx
Now I'm sticking to confirmation even if it's going to lose me some pips. Do u think it's best to use 1h or 4h tf for confirmation?
Hi 4cfx.
I personally use the higher for confirmation, ie h4 & h6. And h1 for trigger.
However there are times when I use the h1 to confirm, ie if the major trend is down & after a pullback up, looking for another entry short, it's possible to just use the H1. I will post an example of a trade if it happens in the near future.
Hope that helps
Thank You
  • #146,342
  • Jul 15, 2009 5:11am Jul 15, 2009 5:11am
Quoting RichLadyFX
Good luck to you and to all of us too.
Mi Lady, wots this I hear you breaking some hearts on this forum....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #146,343
  • Jul 15, 2009 5:11am Jul 15, 2009 5:11am
Quoting RichLadyFX
Good luck to you and to all of us too.
Are you holding short too lady?at which level?
  • #146,344
  • Jul 15, 2009 5:16am Jul 15, 2009 5:16am
Quoting Bull_Bear
Mi Lady, wots this I hear you breaking some hearts on this forum....
Bro. Are we still in long position right???
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #146,345
  • Jul 15, 2009 5:17am Jul 15, 2009 5:17am
Quoting wormboy
Hi 4cfx.
I personally use the higher for confirmation, ie h4 & h6. And h1 for trigger.
However there are times when I use the h1 to confirm, ie if the major trend is down & after a pullback up, looking for another entry short, it's possible to just use the H1. I will post an example of a trade if it happens in the near future.
Hope that helps
Yes please that would most certainly help. As you well know, getting in and out at the right time in the right place is an art form.
  • #146,346
  • Jul 15, 2009 5:21am Jul 15, 2009 5:21am
Quoting Yngwie
Bro. Are we still in long position right???
i am..
  • #146,347
  • Jul 15, 2009 5:21am Jul 15, 2009 5:21am
Quoting Yngwie
Bro. Are we still in long position right???
That we are indeed
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #146,348
  • Jul 15, 2009 5:23am Jul 15, 2009 5:23am
Guys TREND IS UP and i open long position at 1.6342
Remember Trend is your friend

Wee will see
"Buy on fear, sell on greed !!!
  • #146,349
  • Jul 15, 2009 5:24am Jul 15, 2009 5:24am
Quoting Bull_Bear
That we are indeed
Glad to hear that. Im going to off my pc now. Going home. Good luck guys!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #146,350
  • Jul 15, 2009 5:25am Jul 15, 2009 5:25am
Quoting Gainmoney
Are you holding short too lady?at which level?
Nope, still holding long.
Great Bodies are Engineered not Born
  • #146,351
  • Jul 15, 2009 5:29am Jul 15, 2009 5:29am
Quoting Bull_Bear
Mi Lady, wots this I hear you breaking some hearts on this forum....
Actually i cannot break any hearts. Hearts will only be broken if you yourself allowed it to be broken. Whatever it is, life is short enough to cry but long enough to try
Great Bodies are Engineered not Born
  • #146,352
  • Jul 15, 2009 5:31am Jul 15, 2009 5:31am
Quoting albchr
Ok WB & BB, so as I'm a new student of "lucky lines"...lol

Did I draw this one on the 4H correctly in your views?

I know there are more to draw from yesterdays class but....LOL...one step at a time for this old carpenter...

Okay al, I've added some lines to your chart which I consider significant. Your initial line drawn is identical to what I have on my h4, so as far as I'm concerned you got that one right.

Here are an example of the h1 chart posted yesterday to illustrate where my long trigger was:
http://www.forexfactory.com/showpost...postcount=1740

I'll give you a link to a beginner site if you want to get your hands "dirty" with trendlines
I can only do that later tonight I'm afraid since the url is bookmarked in my ladyboss's laptop. Have your pm enabled ok
Attached Image (click to enlarge)
Click to Enlarge Name: gu4p.JPG Size: 139 KB
Thank You
  • #146,353
  • Jul 15, 2009 5:38am Jul 15, 2009 5:38am
I agree Petar, trend is up right now. I was a little late on my entry but got in at 1.6335.

Quoting Petar_Serbia
Guys TREND IS UP and i open long position at 1.6342
Remember Trend is your friend

Wee will see
  • #146,354
  • Jul 15, 2009 5:40am Jul 15, 2009 5:40am
Quoting wormboy
Okay al, I've added some lines to your chart which I consider significant. Your initial line drawn is identical to what I have on my h4, so as far as I'm concerned you got that one right.

Here are an example of the h1 chart posted yesterday to illustrate where my long trigger was:
http://www.forexfactory.com/showpost...postcount=1740

I'll give you a link to a beginner site if you want to get your hands "dirty" with trendlines
I can only do that later tonight I'm afraid since the url is bookmarked in my ladyboss's...

Thank You kind Sir....

I haven't gotten my hands dirty in quite some time so it'll be FUN...

No hurry and PLEASE don't put yourself out. PM is always on.
Ghost Rider - WWTBMD?
  • #146,355
  • Jul 15, 2009 5:41am Jul 15, 2009 5:41am
Quoting RichLadyFX
Actually i cannot break any hearts. Hearts will only be broken if you yourself allowed it to be broken. Whatever it is, life is short enough to cry but long enough to try
So poetic..... anyway just joshing around cos I'm bored.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #146,356
  • Jul 15, 2009 5:52am Jul 15, 2009 5:52am
Quoting albchr
Thank You ....
Don't mention it bro, it's no issue

H4 is still climbing btw, any chance of this thing going back down deep would probably be at least tomorrow. Not worth taking any chances shorting yet imho. Stay on the good side, this thing could go up by another 200 pips for all we know
Thank You
  • #146,357
  • Jul 15, 2009 6:01am Jul 15, 2009 6:01am
OK guys, my short order kicked in at 1.6401. SL set at 1.6430 TP is 1.6300.
You've got to be IN IT to WIN IT!
  • #146,358
  • Jul 15, 2009 6:03am Jul 15, 2009 6:03am
Quoting wormboy
Don't mention it bro, it's no issue

H4 is still climbing btw, any chance of this thing going back down deep would probably be at least tomorrow. Not worth taking any chances shorting yet imho. Stay on the good side, this thing could go up by another 200 pips for all we know
Yep, letting the winners run (or at least the second half in this case) is something I learned long ago. At this point, I'm in a free trade and locked in good profit on the second half.

"Almost" considering buying a dip....LOL
Ghost Rider - WWTBMD?
  • #146,359
  • Jul 15, 2009 6:08am Jul 15, 2009 6:08am
Quoting albchr
Yep, letting the winners run (or at least the second half in this case) is something I learned long ago. At this point, I'm in a free trade and locked in good profit on the second half.

"Almost" considering buying a dip....LOL
Trade this way & I bet you'll get to trade with a shot or two of your good ol' while "birdwatching" with your ladyboss at the porch all the time.
Now you know how bb don't really miss trades while tipsy & I get to run all the time! lol

Have a good one bro, be back later dinner time.


p/s : I seriously envy your "office"!
Thank You
  • #146,360
  • Jul 15, 2009 6:09am Jul 15, 2009 6:09am
Hello everyone,

I am new to Forex Factory and recently started trading. Still using a DEMO account (3 weeks), and watching the GBP/USD pair mostly.

I have been enjoying the FF banter and learned a lot since being a guest.

Just trying to get a better idea of the technical indicators, I use the 1 Hour charts and a couple of indicators including MACD (21,55,8), SSD (8,5,3), RSI (14) along with S&R which I am picking up from you guys.

From your experience using the 1 hour charts what indicators would you recommend and their settings?
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