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Cable Update (GBPUSD)

  • #190,641
  • Jan 4, 2010 11:48pm Jan 4, 2010 11:48pm
Quoting Ctic
Not sure yet until the 4H candle closes @ 1am on my charting system but rough estimate would be around 1.6040

Is she moving now?
I enter long @ 1.6099
  • #190,642
  • Jan 4, 2010 11:49pm Jan 4, 2010 11:49pm
Quoting fourxtrader
Can you give a price for that 138.2 fibo.

I forgot to post the 1m chart which is right at compression
and now already moving.

Dr. D.
we are ready for take off
  • #190,643
  • Jan 4, 2010 11:50pm Jan 4, 2010 11:50pm
Quoting Ctic
Closed out of this trade @1.61128 due to the possibility of a bounce back down.
So much for that theory. All well better safe than sorry.
  • #190,644
  • Jan 4, 2010 11:54pm Jan 4, 2010 11:54pm
I'm short at 1.6132. Don't know why.

Just bored.

Actually, I like to see the 1m chart fake one
way and move the other off of compression,
still waiting to see which way it will release
on the 15m chart.

Dr. D.
Attached Image
  • #190,645
  • Jan 5, 2010 12:02am Jan 5, 2010 12:02am
Quoting fourxtrader
I'm short at 1.6132. Don't know why.

Just bored.

Actually, I like to see the 1m chart fake one
way and move the other off of compression,
still waiting to see which way it will release
on the 15m chart.

Dr. D.
If this closes around here, may see next hour go to the 1.6159 or 1.6172 and then begin the next 3 hour decent. But be careful could go to 261.8 fib around the 1.62400.
Attached Image (click to enlarge)
Click to Enlarge Name: test.jpg Size: 103 KB
  • #190,646
  • Jan 5, 2010 12:04am Jan 5, 2010 12:04am
Quoting Ctic
If this closes around here, may see next hour go to the 1.6159 or 1.6172 and then begin the next 3 hour decent. But be careful could go to 261.8 fib around the 1.62400.
Hi mate is FxPro broker are that good as they saying ?
  • #190,647
  • Jan 5, 2010 12:11am Jan 5, 2010 12:11am
Quoting dil
Hi mate is FxPro broker are that good as they saying ?
I do not like them. I used them before and switched from the. I once had to wait 4 minutes for them to execute a trade. I use their MT4 charts but trade w/ FXCM. MBTrading is good as well. I am sure there are others but I have had good experiences with both of them.
  • #190,648
  • Jan 5, 2010 12:16am Jan 5, 2010 12:16am
Quoting Ctic
I do not like them. I used them before and switched from the. I once had to wait 4 minutes for them to execute a trade. I use their MT4 charts but trade w/ FXCM. MBTrading is good as well. I am sure there are others but I have had good experiences with both of them.
Thank you for your opion as i tought , i read few bad reviews on forexpeacearmy
  • #190,649
  • Jan 5, 2010 12:22am Jan 5, 2010 12:22am
Quoting Ctic
If this closes around here, may see next hour go to the 1.6159 or 1.6172 and then begin the next 3 hour decent. But be careful could go to 261.8 fib around the 1.62400.

OK, no problem. My stop is trailing and now at +2.

Check the PM and ? I sent you.

Thanks and keep posting.

Dr. D.
  • #190,650
  • Jan 5, 2010 12:26am Jan 5, 2010 12:26am
Will it stay and range between the Pivot and S1?

At least until we get a good compression release
off of a TF above 1m... like this 15m.

Dr. D.
Attached Image
  • #190,651
  • Jan 5, 2010 12:27am Jan 5, 2010 12:27am
Quoting fourxtrader
OK, no problem. My stop is trailing and now at +2.

Check the PM and ? I sent you.

Thanks and keep posting.

Dr. D.
Sent PM. I am sure it is the negative side you are missing.
  • #190,652
  • Jan 5, 2010 12:30am Jan 5, 2010 12:30am
Close my long position @ 6120 too 21pips.
  • #190,653
  • Jan 5, 2010 12:32am Jan 5, 2010 12:32am
Quoting fourxtrader
OK, no problem. My stop is trailing and now at +2.

Check the PM and ? I sent you.

Thanks and keep posting.

Dr. D.
Got stopped out at +2 trying
to fake out the fake out. LOL.

Still waiting on the 15m.

Dr. D.
  • #190,654
  • Jan 5, 2010 12:33am Jan 5, 2010 12:33am
Quoting fourxtrader
Got stopped out at +2 trying
to fake out the fake out. LOL.

Still waiting on the 15m.

Dr. D.
Going to the 1.6158 level I was talking about. Plus 2 pips is 2 pips. Better than a loss.
  • #190,655
  • Jan 5, 2010 12:35am Jan 5, 2010 12:35am
good morning!
may be g/u first time test 1.6230 and after go to 1.5815, 1.57 ?
  • #190,656
  • Jan 5, 2010 12:39am Jan 5, 2010 12:39am
10 pips + yeah maybe we will test that area
  • #190,657
  • Jan 5, 2010 12:42am Jan 5, 2010 12:42am
Maybe this will help...

We had an awful time breaking through the 200EMA on the daily to bust to downside...it would seem we have the same issue breaking to the north...Yellow line.
Attached Image (click to enlarge)
Click to Enlarge Name: daily.GIF Size: 33 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #190,658
  • Jan 5, 2010 12:42am Jan 5, 2010 12:42am
Quoting dil
10 pips + yeah maybe we will test that area
Hi dil! How is your life?
  • #190,659
  • Jan 5, 2010 12:46am Jan 5, 2010 12:46am
Quoting Magix
Maybe this will help...

We had an awful time breaking through the 200EMA on the daily to bust to downside...it would seem we have the same issue breaking to the north...Yellow line.
On the 15M chart it is approching the 138.2 fib which are the 4H fibs. Thus since the candle just started it would be at least 1 to 2 hours of pure down movement.

That is how I intepret it anyways. I will plan on entering short once it hits that area.
Attached Image (click to enlarge)
Click to Enlarge Name: test.jpg Size: 104 KB
  • #190,660
  • Jan 5, 2010 12:46am Jan 5, 2010 12:46am
Quoting Magix
Maybe this will help...

We had an awful time breaking through the 200EMA on the daily to bust to downside...it would seem we have the same issue breaking to the north...Yellow line.

On the 4hr...need to break and hold 200EMA to move on up, or crush down through the 24SMA for further south mode.
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.GIF Size: 30 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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