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Cable Update (GBPUSD)

  • #154,901
  • Aug 4, 2009 8:58am Aug 4, 2009 8:58am
Quoting RichLadyFX
Meaning Gu in a downtrend?
My 12 hr charts says so ..
  • #154,902
  • Aug 4, 2009 9:02am Aug 4, 2009 9:02am
I think we can see a downtrend from here on out. Just had a cross of moving averages -> sell signal..
  • #154,903
  • Aug 4, 2009 9:16am Aug 4, 2009 9:16am
Quoting albchr
Don't have one.......but I can add two 4's....

Yep, shoulda got in at either 6966 61.8% or 6955 50%
Chris, if you're still around. Here's an 8hr chart. The indicator below will convert chart timeframes.

Put the indicator below on a 4hr chart. Use period multiplier 2. (4hr x 2 =8HR CHART).

Then go, file, open offline, look for GBPUSD H8. Click open.

Don't worry about the offline status, updates are within microseconds. Just remember to keep the chart with the indicator open as well. You can load any template on to the 8hr chart.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot001.gif Size: 36 KB
Attached File(s)
File Type: mq4 Period_Converter_Opt.mq4   15 KB | 362 downloads
  • #154,904
  • Aug 4, 2009 9:18am Aug 4, 2009 9:18am
Quoting Faryad
TOMORROW WE WILL SEE DOWNTREND

Hey guys - The trend is U-P and has been for a long time.

We are currently ranging and we may see a re-trace.

Depends what tf you look at I spose but even on the lower tf's we are ranging - no way is the trend down

Anyone who is short is CT trading.
  • #154,905
  • Aug 4, 2009 9:23am Aug 4, 2009 9:23am
Quoting stewrigh
Hey guys - The trend is U-P and has been for a long time.

We are currently ranging and we may see a re-trace.

Depends what tf you look at I spose but even on the lower tf's we are ranging - no way is the trend down

Anyone who is short is CT trading.
Hi, could u enlighten me, what is CT??
  • #154,906
  • Aug 4, 2009 9:26am Aug 4, 2009 9:26am
Quoting GodfreyH
Chris, if you're still around. Here's an 8hr chart. The indicator below will convert chart timeframes.

Put the indicator below on a 4hr chart. Use period multiplier 2. (4hr x 2 =8HR CHART).

Then go, file, open offline, look for GBPUSD H8. Click open.

Don't worry about the offline status, updates are within microseconds. Just remember to keep the chart with the indicator open as well. You can load any template on to the 8hr chart.

Why thank you Godfrey...

LOL..I just sent a PM to Azim asking about this...

I take it if I want a 12 hour it's just 4H x 3 etc....
Ghost Rider - WWTBMD?
  • #154,907
  • Aug 4, 2009 9:28am Aug 4, 2009 9:28am
Bulls Eye - Nationwide Consumer Confidence Report
  • #154,908
  • Aug 4, 2009 9:30am Aug 4, 2009 9:30am
Help...

Sell on rally or buy on dip? confusing. Which one is advisable?

Looking for 15-20 pips each entry.
Great Bodies are Engineered not Born
  • #154,909
  • Aug 4, 2009 9:32am Aug 4, 2009 9:32am
Quoting albchr
Why thank you Godfrey...

LOL..I just sent a PM to Azim asking about this...

I take it if I want a 12 hour it's just 4H x 3 etc....
Yes, that's correct.
  • #154,910
  • Aug 4, 2009 9:32am Aug 4, 2009 9:32am
Quoting richladyfx
help...

Sell on rally or buy on dip? Confusing. Which one is advisable?

Looking for 15-20 pips each entry.
better to stay out not a right time
  • #154,911
  • Aug 4, 2009 9:34am Aug 4, 2009 9:34am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
168900, guess cable is sold enough, lol
..it's not going anywhere but UP to 1.74....this puppy isn't stopping now...
  • #154,912
  • Aug 4, 2009 9:35am Aug 4, 2009 9:35am
All I see is a Freaking Bullish Flag on the 1 Hr. Too many people making to much out of nothing. Lets keep it simple. 1.7109 later on this evening.

Ne
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 43 KB
  • #154,913
  • Aug 4, 2009 9:37am Aug 4, 2009 9:37am
Now your talking. But 1.7109 first, however, 1.74 is coming soon to a computer near you.


Quoting ams
168900, guess cable is sold enough, lol
..it's not going anywhere but UP to 1.74....this puppy isn't stopping now...
  • #154,914
  • Aug 4, 2009 9:38am Aug 4, 2009 9:38am
Quoting stewrigh
Hey guys - The trend is U-P and has been for a long time.

We are currently ranging and we may see a re-trace.

Depends what tf you look at I spose but even on the lower tf's we are ranging - no way is the trend down

Anyone who is short is CT trading.
Yep, with a 300 pip potential trading the range both ways on ones I felt safe about. Probably much more for more experienced traders like EO and others......

I like learning this 15M TF. I was just watching and marking trades I felt good about. Once I get EO's method down pat, this will be a great help in reaching my needs.

5 trades, 300 pips, 20 pip total draw down. Not bad...lol
Ghost Rider - WWTBMD?
  • #154,915
  • Aug 4, 2009 9:46am Aug 4, 2009 9:46am
and you're spreading the spam by quoting him...LOL

edit your post if you dont want to keep spreading it

Quoting keton
SPAM !!
PM Me If You Need Help!
  • #154,916
  • Aug 4, 2009 9:47am Aug 4, 2009 9:47am
Quote:Now your talking. But 1.7109 first, however, 1.74 is coming soon to a computer near you.



I tend to agree, when it just hangs at a high level like this, it nearly always pushes on upward.

If there were doubts, it would be making spiky tops and look jittery

However, I just called London and moved a year's beer money into my US USD account - dont want to be greedy

If it starts pounding 1.74 I will bring a chunk more - and when it gets to 1.9997, I will bring BMW money !

and when it gets to 2.5000, I will bring enough to hire Elliot Spitzer's hooker for 30 minutes (ok ok 3 minutes)
  • #154,917
  • Aug 4, 2009 9:47am Aug 4, 2009 9:47am
Quoting GodfreyH
Yes, that's correct.
Up and running Godfrey.....

Thanks again....
Ghost Rider - WWTBMD?
  • #154,918
  • Aug 4, 2009 9:50am Aug 4, 2009 9:50am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
short term target is 171500, and long term is 1.76 with view on 1.74.


Personally I think it's gonna linger between 1.72xx and 1.76xxx for a while.

We need lots of either good or bad news for it to break above/below this.





Quoting Nene
Now your talking. But 1.7109 first, however, 1.74 is coming soon to a computer near you.
  • #154,919
  • Aug 4, 2009 9:50am Aug 4, 2009 9:50am
Quoting Nene
All I see is a Freaking Bullish Flag on the 1 Hr. Too many people making to much out of nothing. Lets keep it simple. 1.7109 later on this evening.

Ne


Everyone going long now?? Enjoy the ride....

Still Short and contrarian until the market shows otherwise.
Attached Image
  • #154,920
  • Aug 4, 2009 9:56am Aug 4, 2009 9:56am
Quoting direct-trade

Everyone going long now?? Enjoy the ride....

Still Short and contrarian until the market shows otherwise.
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