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Cable Update (GBPUSD)

  • #201,401
  • Feb 23, 2010 8:24pm Feb 23, 2010 8:24pm
Quoting Kijang Emas
Hi Magix..

love your post on this thread..your method had helped me a lot for the last couple of months..i just mix it a bit with my own..might call it method of craziness if i would..

i'm long from 1.5430 .. hopefully she'll break 1.5470 soon and change the game..my SL is BE..

Keep on keeping on!

Feel free to share some charts and ideas...that's what really helps us grow as a group.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #201,402
  • Feb 23, 2010 8:41pm Feb 23, 2010 8:41pm
Quote
Hi Jaice, good to see another Oz; where you from?

Hey Bluey!

I currently live in Brisbane but grew up on a farm at Wooragee (Vic), finished high school in Mackay then learned how to drink and play pool in Darwin for 5 years.

I got interested in forex when I moved to Edinburgh for a year and found FF with amazing people making efforts to help new traders. This is my second month trading a live account after 12 on demo.

What about you?

J
Joy in looking and comprehending is nature's most beautiful gift.
  • #201,403
  • Feb 23, 2010 8:54pm Feb 23, 2010 8:54pm
Quoting joemiami
Does anyone know why metatrader doesn't allow us to spread charts out to another screens/monitors? So many other platforms allow that, what are they waiting for? Its very aggravating......
try this:
1. rename mt4 setup file.
2. install mt4 to different directory.
3. you can get instant of mt4 (cloning mt4) as many as you like.
Patience + Discipline =
  • #201,404
  • Feb 23, 2010 8:58pm Feb 23, 2010 8:58pm
Quoting Jemmy
try this:
1. rename mt4 setup file.
2. install mt4 to different directory.
3. you can get instant of mt4 (cloning mt4) as many as you like.

Wow, interesting idea, I will try that, thnx !
  • #201,405
  • Feb 23, 2010 9:02pm Feb 23, 2010 9:02pm
If you just set up your extra screen as extended desktop, you can minimize MT4 and then just go to the bottom right of the screen and stretch across your extended desktop. The MT4 will stretch across both screens. That's what I did and I would have the daily, hourly, and 15 min charts all running at the same time.
  • #201,406
  • Feb 23, 2010 9:03pm Feb 23, 2010 9:03pm
Quoting PipChick
We have this inverse HS on the m15 which "could" take us to the 50% retracement if the target is hit.

Attachment
agreed with u..

last night seen a penetration and a pullback from that fibo 50..

hope we have a clear breakout soon..
  • #201,407
  • Feb 23, 2010 9:08pm Feb 23, 2010 9:08pm
Quoting Big1red9
Joe,

I have a setup running multiple monitors with MT4. I have no problem. It might be a setup tweak required in your video software.

Good luck,
BR

whats strange is that I trade S&P minis on ninjatrader with 6 monitor setup; but with my forex metatrader platform its all in one screen only, cant spread the charts out at all...
  • #201,408
  • Feb 23, 2010 9:14pm Feb 23, 2010 9:14pm
Quoting Jaice
Hey Bluey!

I currently live in Brisbane but grew up on a farm at Wooragee (Vic), finished high school in Mackay then learned how to drink and play pool in Darwin for 5 years.

I got interested in forex when I moved to Edinburgh for a year and found FF with amazing people making efforts to help new traders. This is my second month trading a live account after 12 on demo.

What about you?

J
Been a horsebreaker (whisperer so they say) for too many years to mention; bred champs; also farmed almost everything. Retired now and trying to "make it" in this world of Forex. Started off life in Sydney "burbs" and hated it before going bush Hunter Valley. Still in Hunter but back in "burbs" and looking for a financial way out to the bush again at some stage. Been at this a long time and have been my own worst enemy. Most important thing I've discovered is; find your method and stick to the rules no matter what - that's what breeds consistency. Lost a small account over the years (money management is the key to minimising losses); but am not far away now to beginning to turn it around.
  • #201,409
  • Feb 23, 2010 9:44pm Feb 23, 2010 9:44pm
anyone going short now? lots of bearish divergence showing up now on RSI and MACD 5 min, and rejecting 200ema
  • #201,410
  • Feb 23, 2010 9:51pm Feb 23, 2010 9:51pm
Quoting TrueBlue
Been a horsebreaker (whisperer so they say) for too many years to mention; bred champs; also farmed almost everything....
I reckon there is no doubt in the financial freedom trading forex can provide. I'm finding that after an hour or two I can get a feel of the market and then start reading the indicators. My Vice now is jumping in when I think I see something when I should have waited to get the bigger picture.

I've taken onboard what PipChick mentioned, which is to have an A and B plan (one cancels other) and to have my entry, TP and SL all pre-defined. Like sending a boat into the sea and planning for it to land where you want, rather than heading out in the boat myself - loosing my perspective and crashing into the rocks. (Or get eaten by a shark).

And I guess this next question is for everyone...

Are there any indicies, currency pairs or other charts that have had a historical relationship with the cable? I'm seeking the right things to pay attention to to better by perspective of the Cable's behaviour.

And I wish you all the best for your plan to live full time in the Hunter Blue.


J
Joy in looking and comprehending is nature's most beautiful gift.
  • #201,411
  • Feb 23, 2010 9:53pm Feb 23, 2010 9:53pm
Quoting joemiami
anyone going short now? lots of bearish divergence showing up now on RSI and MACD 5 min, and rejecting 200ema
Watching, but still see support on the 5m chart...current area is resistance on the 1hr chart, 24sma...very strong support/resistance line.

Until we confirm the 5m short side..I'm sidelines...goofy market.
Attached Image (click to enlarge)
Click to Enlarge Name: current.jpg Size: 216 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #201,412
  • Feb 23, 2010 10:05pm Feb 23, 2010 10:05pm
Quoting joemiami
anyone going short now? lots of bearish divergence showing up now on RSI and MACD 5 min, and rejecting 200ema
joe..my 1H MACD, OSMA, STCH all are suggesting up side move except my AO ..

my MA21 also already crossed MA25 on 15min charts, also showing some strength up..

correct me if i'm wrong, but i think we are heading up..1.5470 is my next resistance..
  • #201,413
  • Feb 23, 2010 10:17pm Feb 23, 2010 10:17pm
Quoting joemiami
anyone going short now? lots of bearish divergence showing up now on RSI and MACD 5 min, and rejecting 200ema
Hi Joe,
I'm half expecting a "divergence" yet to form on the 15m which will negate the 5min into a "fake" and send it higher yet; I might be wrong but be careful. I usually like to wait for my entries to be clear from the Hrly; after going below (or above) a 5 ema (set to "open") with one or two further confirmations.
  • #201,414
  • Feb 23, 2010 10:18pm Feb 23, 2010 10:18pm
Quoting Jemmy
D-4 ~ BULLS 3 : 4 BEARS
D-3 ~ BULLS 2 : 5 BEARS
D-2 ~ BULLS 0 : 7 BEARS
D-1 ~ BULLS 2 : 5 BEARS
today ~ BULLS 3 : 4 BEARS
...
Attachment
D-4 ~ BULLS 2 : 5 BEARS
D-3 ~ BULLS 0 : 7 BEARS
D-2 ~ BULLS 2 : 5 BEARS
D-1 ~ BULLS 3 : 4 BEARS
today ~ BULLS 2 : 5 BEARS
although smell bearish, last 3 days made higher high higher low..
i keep staying in the sideline..
Attached Image
Patience + Discipline =
  • #201,415
  • Edited 10:53pm Feb 23, 2010 10:41pm | Edited 10:53pm
Quoting Kijang Emas
joe..my 1H MACD, OSMA, STCH all are suggesting up side move except my AO ..

my MA21 also already crossed MA25 on 15min charts, also showing some strength up..

correct me if i'm wrong, but i think we are heading up..1.5470 is my next resistance..
Yes, I agree with you, Im now starting to notice the upward pressure, waiting for volume to pick up...
  • #201,416
  • Feb 23, 2010 10:56pm Feb 23, 2010 10:56pm
Quoting Tsar
Hi Guys,

Cable R. first go to 23.6 FIBO and then at Price 1.5484 before Go DOWN...
( Use M15 )

Post #201253 Feb 23, 2010 7:05pm
http://www.forexfactory.com/showthre...53#post3489953


STILL Posible go UP to 1.5484 before DOWN...

GL for ALL
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-02-24_M15 Wed.jpg Size: 369 KB
Always looking the GREAT, never left GOOD Point...
  • #201,417
  • Feb 24, 2010 12:16am Feb 24, 2010 12:16am
Quoting Tsar
Post #201253 Feb 23, 2010 7:05pm
http://www.forexfactory.com/showthre...53#post3489953


STILL Posible go UP to 1.5484 before DOWN...

GL for ALL
Hey Tsar,

I am of the opinion that you may be right. I can see a wedge formation developing with Upper bounds of the 50% retracement, and the support/resistance level from the past 60 hours.

I am forecasting a breakout in about 6 hours. I don't see any highly impacting news reports around then and estimate the US New Home Sales will be a driver in momentum 3 hours into the break.

This meets your estimate or 1.5484. I agree with a south movement from there.


(This is my first real attempt at a contribution to the forum. Please comment)

J
Attached Image (click to enlarge)
Click to Enlarge Name: Wedge formation.png Size: 44 KB
Joy in looking and comprehending is nature's most beautiful gift.
  • #201,418
  • Feb 24, 2010 12:30am Feb 24, 2010 12:30am
The winner of last cycle goes to BEAR. The bull and the bear are fighting in this new cycle, how long will they fight? who will win the cycle ???????
Face both Win and Lose bravely
  • #201,419
  • Feb 24, 2010 12:50am Feb 24, 2010 12:50am
Quoting Tsar
Post #201253 Feb 23, 2010 7:05pm
http://www.forexfactory.com/showthre...53#post3489953


STILL Posible go UP to 1.5484 before DOWN...

GL for ALL
Seeing the butterfly and current PA, I don't wait for 1.5484 to push the short button on 1.5460!
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #201,420
  • Edited 1:07am Feb 24, 2010 12:53am | Edited 1:07am
Quoting Jaice
Hey Tsar,

I am of the opinion that you may be right. I can see a wedge formation developing with Upper bounds of the 50% retracement, and the support/resistance level from the past 60 hours.

I am forecasting a breakout in about 6 hours. I don't see any highly impacting news reports around then and estimate the US New Home Sales will be a driver in momentum 3 hours into the break.

This meets your estimate or 1.5484. I agree with a south movement from there.


(This is my first real attempt at a contribution to the forum. Please comment)

J...

Hi Jaice,

Nice to meet you

Beware... it's BULLISH Trap in Bearish Trend.

It's BEARISH in "The Three Drives Pattern" for Point E-F-G-H-I...
You can Look in My Post #200340 http://www.forexfactory.com/showpost...stcount=200340

Cheers...
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-02-24_M5 Wed.jpg Size: 358 KB
Always looking the GREAT, never left GOOD Point...
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