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Cable Update (GBPUSD)

  • #173,701
  • Oct 7, 2009 3:26am Oct 7, 2009 3:26am
Quoting Alison
It's my favourite trading time too. Still finding my way in terms of what kind of trades I like so only on demo at the moment.

Alison
A few good indicators I use for the London Rush are firstly how tight the Asian session has been, and also how early the Asian channel is broken, I find that if a positive break out happens at just after 6 am London local time, the stronger it is likely to be.

I use the 5 min for my entry, but look at the higher times to confirm no major barriers in the way, so on the 5 thats a break out and candle close, then next candle needs to move 5 points past the close of the previous for me to enter.

Good luck on the demo trading, it definately helps a lot, the main thing that you will notice when you progress to a live account is the massive psychological one, fear can be paralising at first, and money mannagement is essential.

Lots of great people on here to help though!
  • #173,702
  • Oct 7, 2009 3:27am Oct 7, 2009 3:27am
Quoting Piters
bro when we clear 140, or (IF)from retest point at 141.. im going to send another one..
we'll clear 140 by the looks of it atm bro


btw if you want to send another one at the 141 retest to show long, make sure the guy is not white!
Thank You
  • #173,703
  • Oct 7, 2009 3:28am Oct 7, 2009 3:28am
Quoting evmeida_id
So am I... Asian Session, I was go south and get 35pips, right now... Long... amd Long, Hold it Until 1.6150.... Wish it come true...
Lets hope so ...

Good luck
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #173,704
  • Oct 7, 2009 3:29am Oct 7, 2009 3:29am
...price finding supply in that prev 1hr sw hi=prev res=pot res zone with confluence of 38.2% of 6048-5858, Tues hi-current i/day lo..bearish divergence set-ups 1 and 5min @ level.

G/L

http://i34.tinypic.com/2la4kra.gif
ex member
  • #173,705
  • Oct 7, 2009 3:30am Oct 7, 2009 3:30am
Quoting forexlion
i never knew you were married to a dragon
weak
Thank You
  • #173,706
  • Oct 7, 2009 3:31am Oct 7, 2009 3:31am
Quoting Bull_Bear
Wormie, you banking dragon nicely there bro ...
hey bro yea doing okay. It'll be great to pick up my moolah @136 this week tbh
Daily close today would be interesting.
Thank You
  • #173,707
  • Oct 7, 2009 3:32am Oct 7, 2009 3:32am
Quoting forexlion
i never knew you were married to a dragon
NOW you know his Secret!!
  • #173,708
  • Oct 7, 2009 3:36am Oct 7, 2009 3:36am
Quoting T.E.Lawrence
Bearish macd divergence on 1m, near the daily pivot - watch out.
Its looking like a Big Ben fakeout that pushed up to the huge supply area around 525 / 535 where I took a sell for nice pips into the 5900 level....now to see if it can bounce
Trading Levels with WRBs
  • #173,709
  • Oct 7, 2009 3:39am Oct 7, 2009 3:39am
morning folks.....
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  • #173,710
  • Oct 7, 2009 3:40am Oct 7, 2009 3:40am
Quoting Piters
NOW you know his Secret!!
piters big fight @140 bro.
Thank You
  • #173,711
  • Oct 7, 2009 3:40am Oct 7, 2009 3:40am
Quoting wormboy
hey bro yea doing okay. It'll be great to pick up my moolah @136 this week tbh
Daily close today would be interesting.
Good for u not for me.... how abt 142.00 ????

http://www.forexfactory.com/showpost...stcount=173680
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #173,712
  • Oct 7, 2009 3:50am Oct 7, 2009 3:50am
Quoting Bull_Bear
Good for u not for me.... how abt 142.00 ????

http://www.forexfactory.com/showpost...stcount=173680
You'll come around bro
142? Maybe .. but I don't see it atm. The force to the downside is now strong luke I dare not mess with this beast when she's in this kinda mood.
Here's my take earlier:
http://www.forexfactory.com/showpost...postcount=3256

and if gold is any indication of further things to come, better take heed. It's currently at 1047.
Thank You
  • #173,713
  • Oct 7, 2009 4:01am Oct 7, 2009 4:01am
Quoting wormboy
piters big fight @140 bro.
yes mate.. Tokyo close..

Im still waiting on my 141
  • #173,714
  • Oct 7, 2009 4:05am Oct 7, 2009 4:05am
Quoting Piters
yes mate.. Tokyo close..

Im still waiting on my 141
141.......Safety first
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #173,715
  • Oct 7, 2009 4:06am Oct 7, 2009 4:06am
Damned cable still sitting right on the 1.59 level...wish she would find a direction...soon.

Could this be a long term trend reversal, ie pound gaining some ground back from the dollar?
  • #173,716
  • Oct 7, 2009 4:08am Oct 7, 2009 4:08am
now a lillte come back from US ?

I would say today is up for $ and down for other pairs. But we will see.
Lets remain ~50min.

I say all data for GBP and EU will be bad in the next time too.
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  • #173,717
  • Oct 7, 2009 4:10am Oct 7, 2009 4:10am
Quoting antic81
Damned cable still sitting right on the 1.59 level...wish she would find a direction...soon.

Could this be a long term trend reversal, ie pound gaining some ground back from the dollar?
It will buddy, i am still waiting for 1.61 and of what i see now it has good possibility to make Eliot on 1h chart witch i think is mostly happening when there is no news activity. Usually market moves in waves when there is no news
  • #173,718
  • Oct 7, 2009 4:12am Oct 7, 2009 4:12am
Quoting Bull_Bear
141.......Safety first
Hey BB

I agree with "safty first" but from my daily to my 15m, I wouldn't be buying the beast now. I'm tempted to short to 139.71 myself but probably not from right here.

Careful...
Ghost Rider - WWTBMD?
  • #173,719
  • Oct 7, 2009 4:16am Oct 7, 2009 4:16am
Quoting FXFundi
I should have listened to you - I'm still long. I have just changed my TP from 1.6000 to 1.5800 - once bitten twice shy!
Could you please clarify you say you are long, but have changed your TP to 5800, but bought at 5900? I'm confused? Thanks
Never been vouched
  • #173,720
  • Oct 7, 2009 4:16am Oct 7, 2009 4:16am
Quoting albchr
Hey BB

I agree with "safty first" but from my daily to my 15m, I wouldn't be buying the beast now. I'm tempted to short to 139.71 myself but probably not from right here.

Careful...
I already pulled the trigger...

http://www.forexfactory.com/showpost...stcount=173680
Veni, Vidi, Vici (We came, we saw, we conquered)
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