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Cable Update (GBPUSD)

  • #190,601
  • Jan 4, 2010 11:37am Jan 4, 2010 11:37am
Happy New Year! I am eager to rake in some profits this year

Looking at my charts it looks like we may have at least a short burst on the daily before running with the bulls. What do you all think?

Also note the possible double top on the 4 hour chart.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: dgu.gif Size: 35 KB
  • #190,602
  • Jan 4, 2010 11:42am Jan 4, 2010 11:42am
Quoting kill56
dont u love the way it looks
In H4, it shows time to go Long. Correct me if I am wrong, still learning.
  • #190,603
  • Jan 4, 2010 11:43am Jan 4, 2010 11:43am
I am just coming from my break. Now, I will be back in trading tomorrow. I want somebody to tell me about what is going on now in the market. I can see that the market is slow. I will be happy if somebody can chat with me now to discuss about the cable. My yahoo id is:thegoldenbiz. Expecting you.
  • #190,604
  • Jan 4, 2010 11:51am Jan 4, 2010 11:51am
Quoting maxss280
Happy New Year! I am eager to rake in some profits this year

Looking at my charts it looks like we may have at least a short burst on the daily before running with the bulls. What do you all think?

Also note the possible double top on the 4 hour chart.
thinking hurts health. charts like x-rays. radioactive.
  • #190,605
  • Jan 4, 2010 12:01pm Jan 4, 2010 12:01pm
Quoting jeremykhc
In H4, it shows time to go Long. Correct me if I am wrong, still learning.
it,s high time to urgently wait
  • #190,606
  • Jan 4, 2010 12:09pm Jan 4, 2010 12:09pm
Quoting meromar
it,s high time to urgently wait
Alright, my assumption is the untested support level at 1.6080 region.
  • #190,607
  • Jan 4, 2010 12:11pm Jan 4, 2010 12:11pm
Quoting jeremykhc
In H4, it shows time to go Long. Correct me if I am wrong, still learning.
the trend is down we did open below the 50% @ h4 lets watch and see its tooo slow to tell
  • #190,608
  • Jan 4, 2010 12:15pm Jan 4, 2010 12:15pm
update cable
Attached Image (click to enlarge)
Click to Enlarge Name: 4h gbp.gif Size: 14 KB
  • #190,609
  • Jan 4, 2010 12:20pm Jan 4, 2010 12:20pm
Quoting Stocky Monk
The indicator in the chart I posted earlier is a 'Market profile' indicator. It basically prints a letter or color where price has traded NOT volume, and over the course of the day starts showing you where price has trade most or very least....
Stocky Monk and GodfreyH - Thank you for the Market Profile indi you posted back when. IN your above you wanted an enhanced version. It can be located at:
http://www.traderslaboratory.com/for...form-5668.html
I installed it and disabled Drawbox and then overlaid GodfreyH version on top. I just wanted to post and thank you both. Here is the resulting chart after some color candle tweaks etc. I am attaching the indi that Mario.Andrea has built (from above thread) and the version GOdfreH has - i made some tweaks - like commented out the POC line s-. INfo on the Mario item can be found on the above thread.
correction - these are the oroginal s- not my modified - so you can make mods as you see fit. and PS: Sorry for the Euro pic
Attached Image (click to enlarge)
Click to Enlarge Name: Pic006 2010-01-04, 12_12_37.jpg Size: 83 KB
Attached File(s)
File Type: zip ISO-8859-1__experts.zip   27 KB | 498 downloads
File Type: mq4 marketprofile.mq4   5 KB | 508 downloads
In trading, there is no bullshit. You either make money or you don't.
  • #190,610
  • Jan 4, 2010 1:06pm Jan 4, 2010 1:06pm
buy 6103 target 6130
  • #190,611
  • Jan 4, 2010 1:08pm Jan 4, 2010 1:08pm
buy 1.60975...target mpp
  • #190,612
  • Jan 4, 2010 1:15pm Jan 4, 2010 1:15pm
Quoting meromar
buy 6103 target 6130
buy 6103 closed 6112
  • #190,613
  • Jan 4, 2010 1:30pm Jan 4, 2010 1:30pm
  • #190,614
  • Jan 4, 2010 4:03pm Jan 4, 2010 4:03pm
Anyone know how to turn this forum into a feed? I'd like to add the information from your posts to newsppr.com
  • #190,615
  • Jan 4, 2010 6:28pm Jan 4, 2010 6:28pm
Quoting kasooi
Same, it hit my 23.6 level of the fib fan off decembers top trendline.

Will wait and see what happens next
Gahhh it reversed at the exact spot I put my stop loss....
Guess that serves me right for not being patient enough to let it test my trend line before shorting.....

I'm all out of sorts this week... Have had to pay for my tuition and unfortunately there is no stop loss on the debit machine at the university for one when my account goes down thousands of dollars
  • #190,616
  • Jan 4, 2010 6:36pm Jan 4, 2010 6:36pm
everything stops again
  • #190,617
  • Jan 4, 2010 6:41pm Jan 4, 2010 6:41pm
duoble top ?
Attached Image (click to enlarge)
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  • #190,618
  • Jan 4, 2010 7:24pm Jan 4, 2010 7:24pm
RSI divergence on 1hr timeframe.
Attached Image
  • #190,619
  • Jan 4, 2010 8:26pm Jan 4, 2010 8:26pm
wow back at 6085 again
  • #190,620
  • Jan 4, 2010 8:31pm Jan 4, 2010 8:31pm
Quoting trabagwe
wow back at 6085 again
Go back on the charts to December 9th - December 15th. We may have a situation like that setting up again. We shall find out. If so easy way to make pips playing the inside candles. Play on the bottom long, Play on the top short. Keep tight SL though.
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