my 4 hour tells me, that if this breaks, hell is the limit on daily charts
Cable Update (GBPUSD)
- #180,621
- Nov 3, 2009 8:30pm Nov 3, 2009 8:30pm
- | Additional Username | Joined Sep 2009 | 8,623 Posts
- #180,622
- Nov 3, 2009 8:36pm Nov 3, 2009 8:36pm
- Never laugh at someone when he calls a trade.
- Try to look at your charts for the reason he called that trade.
- I confirmed that long and took it for 120+ pips
5 min chart shows a nice bullish trend, higher lows, higher highs, nice long on a retracte
indeedEURO had a sweet nice setup similiar aswell, took that one for 95 pips
http://img682.imageshack.us/img682/5933/nicesetup.gif
lowest draw down possible please.
- #180,623
- Nov 3, 2009 9:01pm Nov 3, 2009 9:01pm
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
Good day to you all,
The most important area of support /resistance on the larger timeframes is sitting @ 1.6280-1.6290. This has been so for a while..
September opening price @ 1.6286 - At the same time thus August closing area. Also the opening price of 2 weeks ago @ 1.6282 and the opening price 1 week ago @ 1.6290.
Below this, there is very little until 1.6000/1.5980 - price has moved through this 300 pip area quite quickly on 2 occasions in the not too distant past, with just 1.6115 area offering any SR.
Just some trivia...
regards
The most important area of support /resistance on the larger timeframes is sitting @ 1.6280-1.6290. This has been so for a while..
September opening price @ 1.6286 - At the same time thus August closing area. Also the opening price of 2 weeks ago @ 1.6282 and the opening price 1 week ago @ 1.6290.
Below this, there is very little until 1.6000/1.5980 - price has moved through this 300 pip area quite quickly on 2 occasions in the not too distant past, with just 1.6115 area offering any SR.
Just some trivia...
regards
- #180,624
- Edited 10:13pm Nov 3, 2009 9:31pm | Edited 10:13pm
- Joined Aug 2008 | Status: Trader | 3,976 Posts
Let say..price is more likely to go down to around 1.63 or may be lower, and after that, it might have potentially to go up to around 1.64 or even 1.65. If not ruined by the news...
However i'm still happy with my 311 pips yesterday.. yeehaww
However i'm still happy with my 311 pips yesterday.. yeehaww
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
- #180,625
- Nov 3, 2009 10:11pm Nov 3, 2009 10:11pm
- | Additional Username | Joined May 2009 | 2,719 Posts
- #180,626
- Nov 3, 2009 10:30pm Nov 3, 2009 10:30pm
- Joined May 2009 | Status: Trader | 2,372 Posts | Online Now
- #180,627
- Nov 3, 2009 10:37pm Nov 3, 2009 10:37pm
- | Additional Username | Joined May 2009 | 2,719 Posts
- #180,628
- Nov 3, 2009 10:39pm Nov 3, 2009 10:39pm
- | Commercial User | Joined Oct 2008 | 5,712 Posts
Let say..price is more likely to go down to around 1.63 or may be lower, and after that, it might have potentially to go up to around 1.64 or even 1.65. If not ruined by the news...
However i'm still happy with my 311 pips yesterday.. yeehaww
..........
- #180,630
- Nov 3, 2009 11:20pm Nov 3, 2009 11:20pm
- Joined Aug 2008 | Status: Trader | 3,976 Posts
Assuming is all mother of fuck-up
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
- #180,631
- Nov 3, 2009 11:27pm Nov 3, 2009 11:27pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #180,633
- Nov 3, 2009 11:50pm Nov 3, 2009 11:50pm
Word for Word for what Gainscope's saying - you didn't get this from there by any chance? Where exactly on 1.63, 1.64, or 1.65 is it going to end?
The fact is nobody knows where the FOMC is going to take this pair so it's a ranging game till, first the GBP data this morning, then the US data this PM, then the big one this evening - so Gainscope could be wrong or right, but posting their thoughts here without any charts or reasons 'why' doesn't quite mean it's going to happen.
The fact is nobody knows where the FOMC is going to take this pair so it's a ranging game till, first the GBP data this morning, then the US data this PM, then the big one this evening - so Gainscope could be wrong or right, but posting their thoughts here without any charts or reasons 'why' doesn't quite mean it's going to happen.
Let say..price is more likely to go down to around 1.63 or may be lower, and after that, it might have potentially to go up to around 1.64 or even 1.65. If not ruined by the news...
However i'm still happy with my 311 pips yesterday.. yeehaww
- #180,634
- Edited Nov 4, 2009 12:02am Nov 3, 2009 11:53pm | Edited Nov 4, 2009 12:02am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
Word for Word for what Gainscope's saying - you didn't get this from there by any chance? Where exactly on 1.63, 1.64, or 1.65 is it going to end?
The fact is nobody knows where the FOMC is going to take this pair so it's a ranging game till, first the GBP data this morning, then the US data this PM, then the big one this evening - so Gainscope could be wrong or right, but posting their thoughts here without any charts or reasons 'why' doesn't quite mean it's going to happen.
GY=144.50 at least.........
Believe it or not..let see what happen
- #180,636
- Nov 4, 2009 12:16am Nov 4, 2009 12:16am
I'm agreed it could go to 6128, but it could also go to 1.66x depending
on where it's at before the news i.e. if it's hovering around 1.65x before the news and it drops 300 pips, then it's going to 1.62x - if it's at 1.64x and drops 300 pips, then of course it will go to 1.61x
On the other hand, if the US don't say anything to encourage risk aversion in the FOMC minutes, then it could shift North by a huge number of pips too so, unless you've already got the minutes, no use saying 'for sure' it's going here or there, because some newbies will place trades based on your words as an experienced trader - I've learnt my lesson on this one.
Indeed, if it does go to 1.6128, I'll be in the market to take advantage of the drop, if going North, I'll be there too.
Finally, just asking Yngwie to back up his trades with charts rather than post word for word what Gainscope is saying because they do get it wrong sometimes, just like every single experienced and new trader on this site - the only difference is experienced traders use stop losses and good money management. Gainscope doesn't recommend any stop losses - they're an 'advisory' service - right sometimes, and ocassionally wrong.
on where it's at before the news i.e. if it's hovering around 1.65x before the news and it drops 300 pips, then it's going to 1.62x - if it's at 1.64x and drops 300 pips, then of course it will go to 1.61x
On the other hand, if the US don't say anything to encourage risk aversion in the FOMC minutes, then it could shift North by a huge number of pips too so, unless you've already got the minutes, no use saying 'for sure' it's going here or there, because some newbies will place trades based on your words as an experienced trader - I've learnt my lesson on this one.
Indeed, if it does go to 1.6128, I'll be in the market to take advantage of the drop, if going North, I'll be there too.
Finally, just asking Yngwie to back up his trades with charts rather than post word for word what Gainscope is saying because they do get it wrong sometimes, just like every single experienced and new trader on this site - the only difference is experienced traders use stop losses and good money management. Gainscope doesn't recommend any stop losses - they're an 'advisory' service - right sometimes, and ocassionally wrong.
fomc will bring this pair to atleast 6128..simple...Gold already told some clue...
GY=144.50 at least.........
Believe it or not..let see what happen
- #180,637
- Nov 4, 2009 12:26am Nov 4, 2009 12:26am
fomc will bring this pair to atleast 6128..simple...Gold already told some clue...
GY=144.50 at least.........
Believe it or not..let see what happen
My edge ===> Patience
- #180,638
- Nov 4, 2009 12:27am Nov 4, 2009 12:27am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
I'm agreed it could go to 6128, but it could also go to 1.66x depending
on where it's at before the news i.e. if it's hovering around 1.65x before the news and it drops 300 pips, then it's going to 1.62x - if it's at 1.64x and drops 300 pips, then of course it will go to 1.61x
On the other hand, if the US don't say anything to encourage risk aversion in the FOMC minutes, then it could shift North by a huge number of pips too so, unless you've already got the minutes, no use saying 'for sure' it's going here or there, because some newbies will...
- #180,639
- Nov 4, 2009 12:30am Nov 4, 2009 12:30am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
Is it the GOLD's bearish divergence Sir?
everybody..take a look your GU H4 as well...what did your chart say
I need help today