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Cable Update (GBPUSD)

  • #202,981
  • Mar 2, 2010 5:44pm Mar 2, 2010 5:44pm
Quoting kill56
hey bro how are long time no see nice one bro
How r u? Hope all fine.
I post but not much
  • #202,982
  • Mar 2, 2010 5:47pm Mar 2, 2010 5:47pm
Quoting egkid
Agree with you
Could you post daily chart with Advanced Get
Thanks
here

since i use advanced get with free mt4 data feed, i get 300 bars only
Attached Image (click to enlarge)
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  • #202,983
  • Mar 2, 2010 5:48pm Mar 2, 2010 5:48pm
Quoting Big1red9
Hi all!

Based on the Pennant that "seems" to be forming - could be in for another big dump.

Flagpole is 400 pips.

Not around much and only post when I see something that might be helpful.

Good Luck,
BR
thnks buddy!on what time frame of gbp/usd is this?
  • #202,984
  • Mar 2, 2010 5:51pm Mar 2, 2010 5:51pm
Quoting forexlion
okay buddy i am in with ya
,
  • #202,985
  • Mar 2, 2010 5:51pm Mar 2, 2010 5:51pm
So its time for the bulls?
  • #202,986
  • Mar 2, 2010 5:52pm Mar 2, 2010 5:52pm
Quoting forexlion
here

since i use advanced get with free mt4 data feed, i get 300 bars only
Thanks
75 PTI that interesting , Let's see how far it can go as correction
  • #202,987
  • Mar 2, 2010 5:53pm Mar 2, 2010 5:53pm
And Elvis has Left the building...See ya later guys!
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #202,988
  • Mar 2, 2010 5:56pm Mar 2, 2010 5:56pm
Soros changed his mind, he is buying back the pound.
  • #202,989
  • Mar 2, 2010 5:57pm Mar 2, 2010 5:57pm
Quoting Magix
And Elvis has Left the building...See ya later guys!

Hey there,

Yeah I saw that, but thought Id wait for the hourly to close and then perhaps go for a little long, and in doing so have missed a quick 30 points!

Hate when that happens!
  • #202,990
  • Mar 2, 2010 5:59pm Mar 2, 2010 5:59pm
It is a 1 hour chart...

Recent market action blew the formation.

Quoting genbali
thnks buddy!on what time frame of gbp/usd is this?
  • #202,991
  • Mar 2, 2010 5:59pm Mar 2, 2010 5:59pm
Quoting antic81
Hey there,

Yeah I saw that, but thought Id wait for the hourly to close and then perhaps go for a little long, and in doing so have missed a quick 30 points!

Hate when that happens!
I cashed out 38 on confirmation...and given the time of day, only played single lot...

We both kicking ourselves....

Oh well, new top, wait for retrace and double money mango!

Lets rock this joint!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #202,992
  • Mar 2, 2010 6:01pm Mar 2, 2010 6:01pm
Quoting ice_chill
Soros changed his mind, he is buying back the pound.
From where you got that Info?

Thanks
  • #202,993
  • Mar 2, 2010 6:03pm Mar 2, 2010 6:03pm
it was a joke really
  • #202,994
  • Mar 2, 2010 6:04pm Mar 2, 2010 6:04pm
Quoting Magix
I cashed out 38 on confirmation...and given the time of day, only played single lot...

We both kicking ourselves....

Oh well, new top, wait for retrace and double money mango!

Lets rock this joint!

Yep really hoping for a retrace!

I missed out on Mondays madness due to the lack of pullback!

Never seems to happen when Im on it!lol
  • #202,995
  • Mar 2, 2010 6:06pm Mar 2, 2010 6:06pm
Quoting antic81
Yep really hoping for a retrace!

I missed out on Mondays madness due to the lack of pullback!

Never seems to happen when Im on it!lol
Watch the 15m chart now...my charts say we only confirmed to 200ema, the rest is the outside trades....IF 15m doesnt confirm before 200ema gets hit on the 30, you best believe we crashing through the pavement.

Otherwise, watch, wait, confirmation will come again. It always does.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #202,996
  • Mar 2, 2010 6:08pm Mar 2, 2010 6:08pm
Quoting egkid
From where you got that Info?


http://www.cartoonstock.com/lowres/lka0108l.jpg
Thanks
  • #202,997
  • Mar 2, 2010 6:13pm Mar 2, 2010 6:13pm
Quoting Magix
Watch the 15m chart now...my charts say we only confirmed to 200ema, the rest is the outside trades....IF 15m doesnt confirm before 200ema gets hit on the 30, you best believe we crashing through the pavement.

Otherwise, watch, wait, confirmation will come again. It always does.

Ok so I have looked at both my 15 and my 30, I see we are above the 200 on the 15 and still below the 200 on the thirty, so what you are saying is you need us to stay above or bounce off the 200 on the 15 to confirm, before the 30 gets touched?

Does that make sense (my understanding)

Cheers!
  • #202,998
  • Mar 2, 2010 6:23pm Mar 2, 2010 6:23pm
Quoting antic81
Ok so I have looked at both my 15 and my 30, I see we are above the 200 on the 15 and still below the 200 on the thirty, so what you are saying is you need us to stay above or bounce off the 200 on the 15 to confirm, before the 30 gets touched?

Does that make sense (my understanding)

Cheers!
Confirmation of the time frame for me is when the 24SMA is above the 200EMA. When this happens, we have confirmed long on 15m chart and target the 200ema on the following chart.

IF you look back to the 5m chart, or back through the charts, you will see what I am saying. Price went above the 200EMA on the 5m but still retraced below. When the 24SMA crossed above the 200EMA on the 5, it confirmed longside trade to the 15m resistance.

This is just how I plays em.

As high as it will go now, it will still retrace and a very good likelihood is to below the 200ema on the 15m chart.

The 5m support will move up and watch for this as the support line. When price closes above the 24sma on 5m chart, 24sma is above 200EMA on 15m chart, target the 30m 200ema.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #202,999
  • Mar 2, 2010 6:29pm Mar 2, 2010 6:29pm
Quoting Magix
Confirmation of the time frame for me is when the 24SMA is above the 200EMA....
Ah I see!

Well it sounds like an interesting way of looking into the charts, I certainly will look into it myself, just need to add a 24 SMA to mine, I've got a 34 and 55, both EMA's, I like the correspondence with the time frames as well, keeps it nice and simple!

Many thanks for that!

Cheers,

Ant
  • #203,000
  • Mar 2, 2010 6:32pm Mar 2, 2010 6:32pm
Quoting antic81
Ah I see!

Well it sounds like an interesting way of looking into the charts, I certainly will look into it myself, just need to add a 24 SMA to mine, I've got a 34 and 55, both EMA's, I like the correspondence with the time frames as well, keeps it nice and simple!

Many thanks for that!

Cheers,

Ant
I go through these a little more in depth at my thread...check here

It is not the perfect way to trade, and yes, for me confirmation is a little laggy, but it does pay nicely.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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