Disclaimer: Check your 1m charts 
Cable Update (GBPUSD)
- #147,542
- Jul 18, 2009 8:14am Jul 18, 2009 8:14am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Ghost Rider - WWTBMD?
- #147,543
- Jul 18, 2009 8:18am Jul 18, 2009 8:18am
- Joined Jul 2009 | Status: Trader | 4,859 Posts
Disclaimer: Check your 1m charts
- #147,544
- Edited 8:47am Jul 18, 2009 8:23am | Edited 8:47am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Thanks Christopher for all your input so far. I'm currently reading James thread since this morning and i think i'm going to change to a bar chart man from now on and practise.
Just a quick one. On FXPro Metatrader platform and FXStreet.com, the current price is around 1.63322 and the ask is 1.63382. Does the market move over weekend?
Different brokers will often vary a couple pips. Like in your last one you had 6344 as the close. On my IBFX account it was 6332. This is quite normal in my experience. I've demo traded many different platforms/brokers and they always varied by a few pips.
As far as I know, the market never sleeps. This is what accounts for the "gap" you'll sometimes see between Friday's close and Sunday's open.
Ghost Rider - WWTBMD?
- #147,545
- Jul 18, 2009 8:26am Jul 18, 2009 8:26am
- Joined Jul 2009 | Status: Trader | 4,859 Posts
Disclaimer: Check your 1m charts
- #147,546
- Jul 18, 2009 8:47am Jul 18, 2009 8:47am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
6432? You're scaring me now. Hope it doesn't gap that much on Sunday night?
Sorry man....6342....LOL
Fat carpenter fingers typing here.....
Ghost Rider - WWTBMD?
- #147,547
- Jul 18, 2009 9:08am Jul 18, 2009 9:08am
- Joined Jul 2009 | Status: Trader | 4,859 Posts
I'm liking the Pinnochio setups
Disclaimer: Check your 1m charts
- #147,549
- Edited 9:38am Jul 18, 2009 9:19am | Edited 9:38am
- Joined Jul 2009 | Status: Trader | 4,859 Posts
Disclaimer: Check your 1m charts
- #147,550
- Jul 18, 2009 9:36am Jul 18, 2009 9:36am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
GBPUSD, daily
- #147,551
- Jul 18, 2009 9:49am Jul 18, 2009 9:49am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
yes this i agree with..fantastic chart
I don't know buddy, it seems you're "looking" for things to back up the bullish bias you had last week...LOL
I'm not saying which way it will go but, that's a dangerous practice to get into if you ask me.
Just a thought.
Ghost Rider - WWTBMD?
- #147,552
- Jul 18, 2009 10:25am Jul 18, 2009 10:25am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #147,553
- Jul 18, 2009 10:37am Jul 18, 2009 10:37am
- Joined Apr 2009 | Status: Technical Artist | 1,609 Posts
Hey folks, I hope ya all had a great week
I had long bias this last week and only traded thrice all long trades. A good 120 pips average on each trade.
ATM, my bias is very bearish. I am waiting to see how the stochastic on the daily plays out, intent of this pair will become clearer on Monday or Tuesday. I am thinking a fall back to 60 or even 5800 is areas not improbable. We will see. On the upside, 6450 to be pretty solid resistance. Premise is that it is range bound from last few weeks and appears to be losing upward steam on the daily.
Just as a note, look at the daily chart and it is as if it is preparing for a big drop down. It could well be a 1000-1200 pip move.
I had long bias this last week and only traded thrice all long trades. A good 120 pips average on each trade.
ATM, my bias is very bearish. I am waiting to see how the stochastic on the daily plays out, intent of this pair will become clearer on Monday or Tuesday. I am thinking a fall back to 60 or even 5800 is areas not improbable. We will see. On the upside, 6450 to be pretty solid resistance. Premise is that it is range bound from last few weeks and appears to be losing upward steam on the daily.
Just as a note, look at the daily chart and it is as if it is preparing for a big drop down. It could well be a 1000-1200 pip move.
Its all in the mind.
- #147,554
- Jul 18, 2009 11:00am Jul 18, 2009 11:00am
- Joined Jul 2009 | Status: Trader | 4,859 Posts
Disclaimer: Check your 1m charts
- #147,555
- Jul 18, 2009 12:18pm Jul 18, 2009 12:18pm
- | Additional Username | Joined Sep 2009 | 8,623 Posts
Hi Forexlion,
I'm starting out and was amazed at this post which i bagged over 30 pips as a result. Can you give me a short explanation how you came to this decision which resulted as you predicted please so i can study it.
Thanks,
Pipper
I was long on friday from the bottom when everyone of the so called experts were crying short
i picked up just under 100 pips
- #147,556
- Jul 18, 2009 12:54pm Jul 18, 2009 12:54pm
- Joined Mar 2009 | Status: Trader | 25,480 Posts
I was long on friday from the bottom when everyone of the so called experts were crying short
i picked up just under 100 pips
I'm no expert but, I picked up 115 going short. If I counted each of my 3 lots separtely, it would be 315...
Ghost Rider - WWTBMD?
- #147,557
- Jul 18, 2009 1:40pm Jul 18, 2009 1:40pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
don't you guys take a break?
Thank You 
- #147,558
- Jul 18, 2009 1:44pm Jul 18, 2009 1:44pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
GBPUSD, daily
Cheers
Thank You
- #147,559
- Jul 18, 2009 2:06pm Jul 18, 2009 2:06pm
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Cable still owes me my 6220 lol.
Should of snapped a sell in on that quick spike to 6380 Friday. But I've never carried a trade through the weekend (live) and it's one of those mental hurdles I'll need to jump at some point.
Ghost Rider - WWTBMD?
- #147,560
- Jul 18, 2009 2:10pm Jul 18, 2009 2:10pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Me too....
Should of snapped a sell in on that quick spike to 6380 Friday. But I've never carried a trade through the weekend (live) and it's one of those mental hurdles I'll need to jump at some point.
