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Cable Update (GBPUSD)

  • #184,721
  • Nov 26, 2009 2:31am Nov 26, 2009 2:31am
Quoting Reznik
what is happening...

The pairing came under fairly heavy pressure in the wake of talk SNB had intervened buying USD/CHF.

Risk sentiment looks a little wobbly as well (European stocks, oil lower) and this will be weighing.

Talk Russia stepped in buying around the lows will be lending short-term support.

That's probably what happened, I would just love to know what is going to happen next
  • #184,722
  • Nov 26, 2009 2:33am Nov 26, 2009 2:33am
Quoting Reznik
Am so sell the cable...
Urghhh .....Sorry miss understanding ....
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #184,723
  • Nov 26, 2009 2:43am Nov 26, 2009 2:43am
Tankarooni!!

dos any one think the dow is gonna get laced tommorrow?
  • #184,724
  • Nov 26, 2009 2:43am Nov 26, 2009 2:43am
Quoting wormboy
That's a good boy lol.
Happy thanksgiving manize
Thanks wormie, long time no see you, I hope you always ok !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #184,725
  • Nov 26, 2009 2:46am Nov 26, 2009 2:46am
2morrow still holiday for US market isnt it?
  • #184,726
  • Nov 26, 2009 2:47am Nov 26, 2009 2:47am
Quoting manize
Look my previuos post chart. You name it scalp no probelm, but for me no. I trade based on the history pivot level inserted on the chart, I make an entry/close/put SL sorround those level !
cool and nice technic...
Easy to understand also...
  • #184,727
  • Nov 26, 2009 2:54am Nov 26, 2009 2:54am
Quoting manize
Look my previuos post chart. You name it scalp no probelm, but for me no. I trade based on the history pivot level inserted on the chart, I make an entry/close/put SL sorround those level !
thanks. but i also see u had alot of sma. or is it ema? u used that to "scalp"? or u also used that pivot point?
  • #184,728
  • Nov 26, 2009 2:59am Nov 26, 2009 2:59am
Quoting crackberry
2morrow still holiday for US market isnt it?
Yes, banks closed in US. Stock Market open on Friday. Big spending day for retailers.
There will still be a lot of people off. I'm avoiding NY session.
  • #184,729
  • Nov 26, 2009 3:00am Nov 26, 2009 3:00am
Quoting ja5on
thanks. but i also see u had alot of sma. or is it ema? u used that to "scalp"? or u also used that pivot point?
Ema is the second opinion ---> very usefull if coincide with pivot level !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #184,730
  • Nov 26, 2009 3:09am Nov 26, 2009 3:09am
Break is break...
Attached Image (click to enlarge)
Click to Enlarge Name: break.gif Size: 15 KB
ABCD..
  • #184,731
  • Nov 26, 2009 3:10am Nov 26, 2009 3:10am
Quoting manize
Ema is the second opinion ---> very usefull if coincide with pivot level !
cool. haha. and the ema readings are? i think i saw one 20ema is it? lol. not very sure abt that. willing to share ur ema's? haha.
so when the price is near the pivot points. u will see if it breaks or bounce of then u make the necessary decisions is it? what if its in the middle of both. then u just stay out uhh?
  • #184,732
  • Nov 26, 2009 3:11am Nov 26, 2009 3:11am
Quoting calderone
Yes, banks closed in US. Stock Market open on Friday. Big spending day for retailers.
There will still be a lot of people off. I'm avoiding NY session.
yea,i thought wall street will be closing on the black friday..thanks btw for the info
  • #184,733
  • Nov 26, 2009 3:12am Nov 26, 2009 3:12am
Currently the crucial level is 1.6493 - 1.6515 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #184,734
  • Nov 26, 2009 3:15am Nov 26, 2009 3:15am
Quoting manize
Currently the crucial level is 1.6493 - 1.6515 !
maybe we have the same idea here

http://www.forexfactory.com/showpost...stcount=184720
  • #184,735
  • Nov 26, 2009 3:27am Nov 26, 2009 3:27am
Quoting manize
Ema is the second opinion ---> very usefull if coincide with pivot level !
WoW! Manize, that is mafia ibfx... I also have that...
Anyone interested on mafia ibfx, download and read from here...
http://www.minibahn.blogspot.com/
ABCD..
  • #184,736
  • Nov 26, 2009 3:28am Nov 26, 2009 3:28am
Quoting crackberry
yea,i thought wall street will be closing on the black friday..thanks btw for the info
Better double check me. Hate to mix you up. I just don't like trading around holidays. Next month is going to be really tricky.
  • #184,737
  • Edited 3:52am Nov 26, 2009 3:29am | Edited 3:52am
Quoting ja5on
cool. haha. and the ema readings are? i think i saw one 20ema is it? lol. not very sure abt that. willing to share ur ema's? haha.
so when the price is near the pivot points. u will see if it breaks or bounce of then u make the necessary decisions is it? what if its in the middle of both. then u just stay out uhh?
1. M1/H4/ema 200 and H1/M15/ema50/62 enough usefull for me.
2. Not at every pivot level I make an entry. I make an entry at a certain pivot level after oberve PA on at least 2 or 3 M5 / 1 or 2 M15/H1 candle, therefore I never catch the entry at the bottom or athe top. For example, look current M5 chart, I may take a long surounding 1.6540/60. If bounced down again at 1.6540 --> cancel ---> Need M15 candle to observe --> if still not break ---> need the higher TF to observe !
3. If in the middle of two pivot level ---> just see the PA on M5/M15/H1/H4 ---> what is looked prevail, bullish or bearish, if doubtfull but tempted to entry --> put SL surrounding nearest pivot level !
Attached Image (click to enlarge)
Click to Enlarge Name: 261109b.gif Size: 59 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #184,738
  • Nov 26, 2009 3:29am Nov 26, 2009 3:29am
Quoting manize
Currently the crucial level is 1.6493 - 1.6515 !
sorry for bugging. how did u get these resistance lines. pivot points does not show that values. lol. i am still quite new to this. hope to learn from u peeps. haa. thanks for the guidance
  • #184,739
  • Nov 26, 2009 3:39am Nov 26, 2009 3:39am
Quoting ja5on
sorry for bugging. how did u get these resistance lines. pivot points does not show that values. lol. i am still quite new to this. hope to learn from u peeps. haa. thanks for the guidance
1.6493 ---> Daily Pivot several days ago
1.6512 ---> Weekly Pivot several weeks ago
1.6515 ---> Weekly Pivot several weeks ago
1.6507 ---> S2 today
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #184,740
  • Nov 26, 2009 3:43am Nov 26, 2009 3:43am
Quoting manize
1. M1/H4/ema 200 and H1/M15/ema50/62 enough usefull for me.
2. Not at every pivot level I make an entry. I make an entry at a certain pivot level after oberve PA on at least 2 or 3 M5 / 1 or 2 M15/H1 candle, therefore I never catch the entry at the bottom or athe top. For example, look current M5 chart, I may take a long surounding 1.6540/60, if bounced down again at 1.6540 --> cancel !
but it's a doji at ard 1.6540 wont it most prolly be coming down back the region below 1.6540? if u wanna long that. its like very against the trend isn't it? i dont see any long opportunity there.
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