Cable Update (GBPUSD)

whats that Kill56??

this is an indicator rsi u install it and try it on a demo first

Send me private messages through ForexFactory. As I am not always around please allow me some time to respond.

If you have any questions about my trading method, add them to my thread, it adds to others learning as well.

http://i648.photobucket.com/albums/u...um/cable-1.jpg

can u give oanda setup terminal file plzQUOTE=bguguen;3505471]wondering if i should keep this trade
Opened GU Long @ 1.5246

Oanda is showing GU now down to 1.5231[/quote]

i dont have oanda setup terminal file, i only used oanda's currency converter to see GU

hAVE U REFERANCE TO A CONVERTER?QUOTE=bguguen;3505754]i dont have oanda setup terminal file, i only used oanda's currency converter to see GU[/quote]

[/quote]


man the best way dont keep any positions for the weekend some times we have a gap u will never know what the market will do .

this site also will give u the price too

http://www.xe.com/

right go to this website
http://www.oanda.com/currency/converter/
then choose GBP value 1 and put USD on the other side youll see its 1.5231 right now

As i always love to say same pair and same chart we can always watch diferent and both can make sense...

If you look Daily GBP Index chart before 10 days you will see that GBP can go deep,that can hapens tomorow,or next week,or today...Trade safe...



Cheers

http://www.oanda.com/currency/real-time-rates I am flatnowbut who knows for the futureQUOTE=bguguen;3505813]right go to this website
http://www.oanda.com/currency/converter/
then choose GBP value 1 and put USD on the other side youll see its 1.5231 right now[/quote]

Okay....So, we had a little off bottom Friday and a possible early indicator of some long side action on Thursday, and reading through the posts here, I can see that there are those that are head on bulls, and those that are still siding with the major bear trend...

Who is right? Weekend charts are pure speculation, as we have no idea how market will open at the bell or the direction it will take...nobody can say with 100% certainty.

Going under assumption that we could continue on the path that we seen on Friday, here is what I see.

1. We have confirmation long side on the 5m chart.
2. The attempt at falling below support on the 15m has been rejected once.
3. We currently sit (with this meta4 broker chart) on the support line, both 5m 200EMA and 15m 24SMA.
4. There was a spike during London time to the 200EMA 15m Resistance line (shown on the 30m chart).

This is where observation leaves off and speculation comes into play, so we are again, under assumption of continuation of the immediate trend, and from here, all forecasts come with the IF disclaimer, as IF we move here, we could see next possible target.

5. Under typical play, (without the whole market closing for the weekend thing), my charts say that we will target the 200EMA (5) on the 15m chart. In doing this, with enough strength attack the same point as London spiked to previously. IF this happens, we could see the support line become the 15m 200EMA and wait for confirmation of continuation on immediate trend.
6. The 200EMA is moving to a position of resistance at this point, so depending on the length of time it takes to close into this area, we could see this as a stop, if not just the next period of resistance.
7. This point here seems to be the line in the sand. Holding this area of support and seeing this area bought up through NY and London sessions would allow possible movement to 8, 9 target ranges on the hourly/4hr chart.

Above is what I would be looking at as what I would call, possible - probable, or Plan A, but will play it from time frame to time frame, support to resistance as long as this immediate trend is in play.

Plan B, we lose support on all time frames and start crushing into the 1.50xx area.

Either way, no matter, as long as I am in for the ride.

Good luck on the week traders!

Okay, the previous post is HOW I will be trading out the next days if continuation continues, but here is where my BIAS sits.

There is no doubt in my mind that the Long term BEAR charts will prevail throughout the month of March, but as for the immediate future, I see the bulls getting a chance to stretch their legs.

Reason?

Okay, It is like this,
When London creates a new low, NY will retrace.
When NY creates a new low London will retrace.

Where we are currently is that the overlap in session both London and NY trade sessions have come to a mutual low and have had a chance to buy up the chart together (significant trade movement). When NY was buying up Thursday after the low was reached, London had a chance to play the bears, meet up with NY, and both play the same turf together.

London created a high point on the chart, NY hasn't seen, IF NY has the pills to draw it back up to this trade range, (spike from previous charts), they will have again, played the same area together. From here, I speculate that price will be brought up into the area that I have highlighted on the chart.

This is an hourly chart....but have posted it more for time and significance. NO, I don't believe that we will hit this target over the next day of trading, more of an overall target area on continuation of trend based on bias.

Revised...A second look at the chart - Target area below, 1.5385ish, breach of here to move on to the second target area.

Where this GBP Index chart comes from?

hi
cable now 15200

magix great work bro

i dont think cable is going any were the only way for it is south

i could be wrong but befor we go north we have to see a new low's

i am not talking about above 15000 no below that .

Hi Guys this is my first post..Be nice to me

Looks like we have a butterfly here with a doji. Also the stochastic pionts to being oversold..

Tommorrow looks may be an up day??

of course we still may go down to the 161.8 fib level i.e 15000 before the reversal..this i think is more likley..

pete

Market tips from this guy?

Current mid-term view and charts:

G/J, G/U and U/J Trading thread

Have a good week

great informer bro

My chart still does not gives me buy signal. Osma still red and there is no dark bar so there is no confirmation that down trend is over. Adx is above 30 which indicates we r still in a trend . if today's candle closes inside tunnel in five would give me confirmation that Pa is reversing.