Cable Update (GBPUSD)

system ??
lol

just buy at support my friend ...

Still long Cable & Dragon. I have a feeling LDN, may sell both down for better price only to rise back up hopefully killing resistances-

Dragon slipping on me.

DR D,

I only demoed on FX.com -- Everything started out ok. Compared to other platforms their incorporated charting SUX. in my opinion. I think they put out this "insider" trading notes to move people in the opposite direction then kill them, thus, never paid attention to that.

Otherwise - ON demo, 50k open. became profitable to 62k. THen everything startd going wrong.
Locked out of trades. Constant requotes. Other , not functional red warnings, basically would bring my New CPU with cable connect to a snails pace often resulting in restarts while there was volatility!

On a demo no less!! The spreads were ludicrous sometimes with Dragon going from 5 to 7 yo I think even 9 pips sometimes. It got so bad, I called the cable company, they ran multiple tests, said no problem with connect.

Since I stopped with them I have not had a single problem with internet or Computer. I asked myself if this is only a demo, how bad could it be on a live account???

But it gets far worse.

After the three small red pins I confirmed entry.

During the previous range/ choppiness I made a few bad entries (LOST) breaking one of my rules to not "enter" to enter. Anyway learned the lesson and now I am rewarded.

Thought USDX uptick would be short lived as well.

H1 & H2 updated charts from last night. Simple lines. sorry if ugly

Looking initially @ pinbar reversal on Oct 12/13

Green lines important support and resistance to me.
Confirmation came after a pattern i have noteiced several times.
3 small pins closing up. TL up. Position entry Purple.

Tope potential resistance if we get there.

What do you all think about Nationwide HPI m/m later?
if the figure is lower than forecast, will it be positive to GBP?
sry newbie here

If LDN breaks Cable @ 6600 and Dragon @ 151.6 Friday "today NY" should be interesting.

May have to wake up @ 3:30 am. I anticipate the usual opening sell-a thon
then more buyers. (obviously I could be wrong, b/c we never really know.)
"I hope" Would like to stay in for tomorrow. then consider the weekend.

Perhaps adding more longs. I will be following, GOLD, USDX, DOW, and Fibre as well News. Closely.


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Lost part of the quote before.


Not only is all that true. But they are Overly AGGRESSIVE in "marketing"

@ Least 20 to 25 calls since demo. Emails 10 plus.

I am in the process of asking how all this could happen and why in a DEMO!
LOL


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Dragon slipped from housing release it appears;

Cable nothing out of this tight range.

Not terribly far. YET --150.900 area may serve as support (minor prior resistance)

Next news EMU 6AM.

So the action is now up to session close LDN open!

You guys going long or short before the HPI report? I am thinking long?

I'm wentlong btw M5 now is showing down trend....

bought at 6532, 5 and 15 min chart supports this , and if this hold we could see hourly turnaround and head up to 66XX. Keeping tight SL below 6523.

System give you objective unbiased chart reading, flawless unemotional execution causing profitable trade (if and only if we follow the trading rules). Sup and Res trading give you subjective biased chart reading, emotion take part on execution causing erratic performance.

from ex support and resistance trader

I see UP

I Closed my short @ BE, Now Long @ 1.6551. My Internet is so slow here. Do I need a reason to Long??

watch the cable movie... so nice 6648? or otherwise hit SL @6430

reason to long

mv2 x [VVt/fG2] x [gordon + obama] = UP(-down SL)

price keeps bouncing off the golden ratio 61.8. from the very top of 170 to 157, and 169 to 12500. coincidence isn't it!

If price managed to stay above this level, cable is going to ruin careers this time. It's extremely bullish on prospects of asian buyers buying at this rate for M&A's. Who knows how much more is yet to come but I see 167200 and even 170 or more if this keep going on. Else, 64700, 64200 and finally 63500 max it goes down to. Seems cable doesn't want to fall any further yet, and no sellers in sight as most selling was done yesterday and still hapening slowly.

Longs ?? what for ??

Who's buying ? I'm not

Gold is the Key of the cable movements.

http://cdn.forexfactory.com/attachme...9&d=1256322618