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Cable Update (GBPUSD)

  • #186,901
  • Dec 10, 2009 3:59am Dec 10, 2009 3:59am
Quoting Jemmy
agree with you..
but i am bad in scalping..could you give me some simple scalping tactics?
watching PA, bouncing of S/R, bounce of 1H 62 EMA, 35/50EMA cross and reverse...

Put 62 EMA on 1H g/u and you will see 2 bounces in last two day for a 100 pips. third bounce is happenig right now we will se how far it goes...

You will found everything you need in this thred...
http://www.forexfactory.com/showthread.php?t=121761

I think the best one on the forum... i would probably quit trading i wasn't found this thread
  • #186,902
  • Dec 10, 2009 4:06am Dec 10, 2009 4:06am
Quoting atheer1
hello KwAAkS,

Thanks for your comment,but let us wait and see.

atheer1
become more close to complete buy signal...
currently around 80%...
but still in play...
Attached Image (click to enlarge)
Click to Enlarge Name: GU.JPG Size: 159 KB
  • #186,903
  • Dec 10, 2009 4:19am Dec 10, 2009 4:19am
UTL will break this hour
  • #186,904
  • Dec 10, 2009 4:20am Dec 10, 2009 4:20am
Quoting KwAAkS
watching PA, bouncing of S/R, bounce of 1H 62 EMA, 35/50EMA cross and reverse...

Put 62 EMA on 1H g/u and you will see 2 bounces in last two day for a 100 pips. third bounce is happenig right now we will se how far it goes...

You will found everything you need in this thred...
http://www.forexfactory.com/showthread.php?t=121761

I think the best one on the forum... i would probably quit trading i wasn't found this thread
thanks KwAAkS..nice thread..i'll learn from there..

You used 1hr chart for scalping? someone told me that scalping use shorter time frame like 5minutes or even 1minute chart with open and close position within the range what timeframe we are using..
Patience + Discipline =
  • #186,905
  • Dec 10, 2009 4:24am Dec 10, 2009 4:24am
From 1.621.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 21 KB
Do not focus on making money; focus on protecting what you have.
  • #186,906
  • Dec 10, 2009 4:25am Dec 10, 2009 4:25am
Quoting orang
i'm going long from 1.6280 sl 1.6205 target1: 6358 because:

Technicaly , The old TL from 11 march 09 was touched & the 3rd wave of elliot seems begining , but news is comming very important , and TL in 1.6300 is resist.
Interesting analysis, to be honest I keep forgetting to look at weekly/ monthly charts, so thanks for jogging my memory
UK would like, for lots of reasons for the £ to fall. Uk trade deficit was larger than usual and a weaker £ would help exports but at the same time a weaker £ doesn't help the EURO balance. Let's see what the news gives. I wouldn't want to be the BOE at the moment
  • #186,907
  • Dec 10, 2009 4:28am Dec 10, 2009 4:28am
Quoting thetruthspy
become more close to complete buy signal...
currently around 80%...
but still in play...
100% completed buy signal in my chart setup...
So, we need some power from the news for climbing up...
  • #186,908
  • Dec 10, 2009 4:37am Dec 10, 2009 4:37am
Quoting Jemmy
thanks KwAAkS..nice thread..i'll learn from there..

You used 1hr chart for scalping? someone told me that scalping use shorter time frame like 5minutes or even 1minute chart with open and close position within the range what timeframe we are using..
i don't use 1m/5m at all... too fast for me lost a lot of money there. For me scalping is 15m/1h and < 50 pips. depends on time frames u use. for someone who use mothly charts scalping is daily chart... and 100-200 pips
  • #186,909
  • Dec 10, 2009 4:46am Dec 10, 2009 4:46am
Quoting KwAAkS
i don't use 1m/5m at all... too fast for me lost a lot of money there. For me scalping is 15m/1h and < 50 pips. depends on time frames u use. for someone who use mothly charts scalping is daily chart... and 100-200 pips
im using 1m/1hr....
and currently my setup only allowed me to scalp on buy...(current movement on GU)
if scalp on sell its counter trend base on my setup..
  • #186,910
  • Dec 10, 2009 4:48am Dec 10, 2009 4:48am
Quoting KwAAkS
i don't use 1m/5m at all... too fast for me lost a lot of money there. For me scalping is 15m/1h and < 50 pips. depends on time frames u use. for someone who use mothly charts scalping is daily chart... and 100-200 pips
ok..now back to the cable action..I'll shut off my pc and going out for some fresh air..i'll be back when news incoming..
Patience + Discipline =
  • #186,911
  • Dec 10, 2009 4:55am Dec 10, 2009 4:55am
Come everybody let's push this thing UP!
  • #186,912
  • Dec 10, 2009 5:01am Dec 10, 2009 5:01am
Quoting orang
i'm going long from 1.6280 sl 1.6205 target1: 6358 because:

Technicaly , The old TL from 11 march 09 was touched & the 3rd wave of elliot seems begining , but news is comming very important , and TL in 1.6300 is resist.

Set SL to 1.6282 , because News is coming soon
  • #186,913
  • Dec 10, 2009 5:04am Dec 10, 2009 5:04am
We have to be careful entering the market now.
  • #186,914
  • Dec 10, 2009 5:11am Dec 10, 2009 5:11am
Quoting Why Oh Why
From 1.621.
Hello,

Can I just ask why you entered at that point? Did you have a trendline running up from yesterday? I was just wondering as I have done some very silly trades today which have lost me money.

It is a very good entry.
  • #186,915
  • Dec 10, 2009 5:16am Dec 10, 2009 5:16am
Quoting orang
Set SL to 1.6282 , because News is coming soon
for me, chart setup is clearly want to go to north because UTL already broke..
How about 1.6330?...
I think This will break in no time.....
conclusion : For me Chart setup(before news) is showing an early result for news....that mean we will see a green result for GBP news today....

This thinking method is 70% accurate for my trading style....
So that i will put a SL below 1.6160.....
Currently i favor in a Bull run....

If hit my SL that mean no more trade for me today...

GL to all!!
  • #186,916
  • Dec 10, 2009 5:19am Dec 10, 2009 5:19am
  •  jaboo
  • | Joined Dec 2009 | Status: Ray Comfort is....the banana man | 236 Posts
man, trade opportunities tonight are slim pickins.

lets see what the news bring us.

news scalp anyone?
  • #186,917
  • Dec 10, 2009 5:20am Dec 10, 2009 5:20am
Quoting thetruthspy
for me, chart setup is clearly want to go to north because UTL already broke..
How about 1.6330?...
I think This will break in no time.....
conclusion : For me Chart setup(before news) is showing an early result for news....that mean we will see a green result for GBP news today....

This thinking method is 70% accurate for my trading style....
So that i will put a SL below 1.6160.....
Currently i favor in a Bull run....

If hit my SL that mean no more trade for me today...

GL to all!!
I Hope so,
  • #186,918
  • Dec 10, 2009 5:21am Dec 10, 2009 5:21am
best way is trade after news
I'm standing aside now
  • #186,919
  • Dec 10, 2009 5:21am Dec 10, 2009 5:21am
Quoting thetruthspy
For me Chart setup (before news) is showing an early result for news....that mean we will see a green result for GBP news today.
Oh so true. That's why we're seeing the move now.
Do not focus on making money; focus on protecting what you have.
  • #186,920
  • Dec 10, 2009 5:22am Dec 10, 2009 5:22am
Cable will go up today because i am holding my long positions
Best luck to allz
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