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Cable Update (GBPUSD)

  • #178,381
  • Oct 22, 2009 4:57pm Oct 22, 2009 4:57pm
Quoting cesararr
waht tf use this indicators?

thanks.
All time frames C.

Throw them onto the minute chart, see if you can see how important that 200MA is?

What defines direction? Check the 5m, 15m, hourly and 4hr.

You should see some clear patterns, hopefully...

**Hint** If green line is above red line, long. If red line is above green, short.

Watch for OSMA and MACD to confirm each other for greatest directional moves.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #178,382
  • Oct 22, 2009 5:02pm Oct 22, 2009 5:02pm
Quoting Ifty
its been doing a great job for the last 8 years so I suppose its become a habit.
IF you have the available resources, AVG is not bad to run...BUT, typically speaking, any issue you will run into your computer these days, YOU will manually install and TELL your scanners to allow it.

The idea is dated, but AVG is as far as software goes, is pretty decent.

Was just ribbing you is all....

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #178,383
  • Oct 22, 2009 5:04pm Oct 22, 2009 5:04pm
Quoting Magix
All time frames C.

Throw them onto the minute chart, see if you can see how important that 200MA is?

What defines direction? Check the 5m, 15m, hourly and 4hr.

You should see some clear patterns, hopefully...

**Hint** If green line is above red line, long. If red line is above green, short.

Watch for OSMA and MACD to confirm each other for greatest directional moves.

i think it will help me a lot since im just born on forex world.,, i will study carefully ..

thanks again.!
  • #178,384
  • Oct 22, 2009 5:06pm Oct 22, 2009 5:06pm
Quoting Magix
IF you have the available resources, AVG is not bad to run...BUT, typically speaking, any issue you will run into your computer these days, YOU will manually install and TELL your scanners to allow it.

The idea is dated, but AVG is as far as software goes, is pretty decent.

Was just ribbing you is all....

I know bro. Lets get some rest tonight and make plenty of pips tomorrow to enjoy at the weekend .
You've got to be IN IT to WIN IT!
  • #178,385
  • Oct 22, 2009 5:06pm Oct 22, 2009 5:06pm
Quoting cesararr
i think it will help me a lot since im just born on forex world.,, i will study carefully ..

thanks again.!
Using these charts, see if you can see what is so important about 1.6590.

If you are still around and watching when it hits, (or if), **In my best Yoda voice** a better understanding of the currencies you will have young Skywalker.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #178,386
  • Oct 22, 2009 5:07pm Oct 22, 2009 5:07pm
Quoting Ifty
I know bro. Lets get some rest tonight and make plenty of pips tomorrow to enjoy at the weekend .
Only 4pm here, I getting ready for another leg on the charts!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #178,387
  • Oct 22, 2009 5:15pm Oct 22, 2009 5:15pm
Quoting Magix
Using these charts, see if you can see what is so important about 1.6590.

If you are still around and watching when it hits, (or if), **In my best Yoda voice** a better understanding of the currencies you will have young Skywalker.
can you share how this chart looks on your side, maybe im missing a indicartor.

thanks.
  • #178,388
  • Oct 22, 2009 5:16pm Oct 22, 2009 5:16pm
Quoting Magix
Only 4pm here, I getting ready for another leg on the charts!
OH I have just realised. BTW bro I am from Halifax (UK). How's that for a coincidence .
You've got to be IN IT to WIN IT!
  • #178,389
  • Oct 22, 2009 5:18pm Oct 22, 2009 5:18pm
Quoting cesararr
can you share how this chart looks on your side, maybe im missing a indicartor.

thanks.
What time frame?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #178,390
  • Oct 22, 2009 5:25pm Oct 22, 2009 5:25pm
Quoting Magix
What time frame?
5 min please.
  • #178,391
  • Oct 22, 2009 5:30pm Oct 22, 2009 5:30pm
Quoting Magix
Using these charts, see if you can see what is so important about 1.6590.

If you are still around and watching when it hits, (or if), **In my best Yoda voice** a better understanding of the currencies you will have young Skywalker.

I canīt fount what is important on 1.6590. please let me know..
  • #178,392
  • Oct 22, 2009 5:30pm Oct 22, 2009 5:30pm
Quoting cesararr
5 min please.
Here is 2 for the price of 1!

Attached Image (click to enlarge)
Click to Enlarge Name: gu515.JPG Size: 132 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #178,393
  • Oct 22, 2009 5:52pm Oct 22, 2009 5:52pm
Evening traders,

My losses from stupid trades on EUR & GBP / AUD are now made up.

I am still long on cable, fibre and dragon.

It was hard to not close the cable and fibre longs, today so I settled for closing
some of the less pip dragon.

In order to stay calm and not freak out/ close prematurely. I did the following.

Only checked webtrader 3 times today NY open, Lunch Ny close Aussie open.
Periodically I check bloomberg for the FX rates and now using Dow to gauge fibre and cable.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #178,394
  • Oct 22, 2009 5:57pm Oct 22, 2009 5:57pm
Quoting XTrade
Evening traders,

My losses from stupid trades on EUR & GBP / AUD are now made up.

I am still long on cable, fibre and dragon.

It was hard to not close the cable and fibre longs, today so I settled for closing
some of the less pip dragon.

In order to stay calm and not freak out/ close prematurely. I did the following.

Only checked webtrader 3 times today NY open, Lunch Ny close Aussie open.
Periodically I check bloomberg for the FX rates and now using Dow to gauge fibre and cable.
i'm long too from 1.6626 TP 1.6700 and small SL 1.6599 +/- 5pips
  • #178,395
  • Oct 22, 2009 6:03pm Oct 22, 2009 6:03pm
Quoting rdhanani
Looking at the wedge that is forming, and the heavy resistance around the 1.6640 region. Looking to scalp a quick short. in at 1.6628, tp 1.6604, sl 1.6642. see how this goes...
So much for a "quick" trade...

Trade was taking too long, so I exited at 1.6612 for a 16 pip gain. I'll look back later tonight, hopefully when there is more action
  • #178,396
  • Oct 22, 2009 6:13pm Oct 22, 2009 6:13pm
Quoting Magix
All time frames C.

Throw them onto the minute chart, see if you can see how important that 200MA is?

What defines direction? Check the 5m, 15m, hourly and 4hr.

You should see some clear patterns, hopefully...

**Hint** If green line is above red line, long. If red line is above green, short.

Watch for OSMA and MACD to confirm each other for greatest directional moves.

when MA13 cross the M24, tha is a signal to go long. im right?
  • #178,397
  • Oct 22, 2009 6:39pm Oct 22, 2009 6:39pm
Quoting cesararr
when MA13 cross the M24, tha is a signal to go long. im right?
Correct, but keep the 200ma in mind. If price point is below 200, best be watching for short signal.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #178,398
  • Oct 22, 2009 7:04pm Oct 22, 2009 7:04pm
And thats me outa my longs!

CHA CHING!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #178,399
  • Oct 22, 2009 7:04pm Oct 22, 2009 7:04pm
Fibre has just broken yesterdays high,

Cable hopefully will follow. This is only going one of 2 ways UP or down.

I see more up. Dow up , dollar weak.

Chart 1 fibre M30 days outlined

Chart 2 Cable M30 days outlined.

I would be very wary of shorts ATM
Attached Images
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #178,400
  • Oct 22, 2009 7:06pm Oct 22, 2009 7:06pm
WOW --- there it is.. after all the lull cable Blows thru resistance!

Here it is on m15
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 14.png Size: 65 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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