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Cable Update (GBPUSD)

  • #211,761
  • Mar 30, 2010 9:06pm Mar 30, 2010 9:06pm
Quoting forexlion
the PA still does not permit shorts, too bad bbaker fought tooth n nail on this
low of today will be 1.4964 forexlion ... take that to the bank
Blogging daily now at www.volume.zone
  • #211,762
  • Mar 30, 2010 9:12pm Mar 30, 2010 9:12pm
Quoting malcolmb14
low of today will be 1.4964 forexlion ... take that to the bank
Good thing I am long..
  • #211,763
  • Mar 30, 2010 9:16pm Mar 30, 2010 9:16pm
Quoting malcolmb14
low of today will be 1.4964 forexlion ... take that to the bank
that number will be the close of day...,
I will be the number one Manager.
  • #211,764
  • Mar 30, 2010 9:25pm Mar 30, 2010 9:25pm
Quoting javapips
that number will be the close of day...,
to be honest I have no clue.

I was just joking with forexlion , trying to get a rise out of him.

1.5050 support right now followed by 1.5020. 5020 has been strong support for a while.

Lets just say that 1.5099 was hod for today . Daily atr 14 is 167 pips , so taking a little less than this 140 pip that would take us to lod of about 1.4960 , which is approximately 50% of the up move of 1.4800 to 1.5100. and also the lower value area of Mondays session .

If 1.5060 is lod then we head to 1.5200 to 1.5250 and this is a bullflag we are in

for upside break out 1.5100 is key , down side 1.5050

Attached Image (click to enlarge)
Click to Enlarge Name: chart2029.png Size: 237 KB
Blogging daily now at www.volume.zone
  • #211,765
  • Mar 30, 2010 9:29pm Mar 30, 2010 9:29pm
Quoting malcolmb14
to be honest I have no clue.

I was just joking with forexlion , trying to get a rise out of him.

1.5050 support right now followed by 1.5020. 5020 has been strong support for a while.

Lets just say that 1.5099 was hod for today . Daily atr 14 is 167 pips , so taking a little less than this 140 pip that would take us to lod of about 1.4960 , which is approximately 50% of the up move of 1.4800 to 1.5100. and also the lower value area of Mondays session .

If 1.5060 is lod then we head to 1.5200 to 1.5250 and this is a...
good qualification
  • #211,766
  • Mar 30, 2010 9:34pm Mar 30, 2010 9:34pm
Quoting chankl78
Thanks. I will learn that also.
Is there any good sites or materials to do read up?

Any recommendation?
Thanks.
http://www.esignallearning.com/members/getManual.aspx
Blogging daily now at www.volume.zone
  • #211,767
  • Mar 30, 2010 10:23pm Mar 30, 2010 10:23pm
Quoting Ctic
Good thing I am long..
  • #211,768
  • Mar 30, 2010 10:27pm Mar 30, 2010 10:27pm
Quoting malcolmb14
why count manually when nifty advanced get does it for you ?

learn to use the ew oscilator for wave 3 to 5 divergences . If you look on a gu daily there was an awesome one at 1.4800 double bottom giving a nice long.

GET seems to work better in higher time frames , and like all systems it can fail so use good mm
i thought you count EW manually...
I will be the number one Manager.
  • #211,769
  • Mar 30, 2010 10:29pm Mar 30, 2010 10:29pm
Quoting malcolmb14
low of today will be 1.4964 forexlion ... take that to the bank
IF price goes 1.4964 u would be my favorite senior trader on ff:-)
  • #211,770
  • Mar 30, 2010 10:29pm Mar 30, 2010 10:29pm
well snow white does talk about a downside divergence now in europe session

http://img42.imageshack.us/img42/1043/cable.gif


but we still do not have anything on the macd, so i prefer to scalp titbits for the time being

http://img42.imageshack.us/img42/2410/27964831.gif
  • #211,771
  • Mar 30, 2010 10:35pm Mar 30, 2010 10:35pm
Quoting bonus76
IF price goes 1.4964 u would be my favorite senior trader on ff:-)
it makes sense and there is a valid case for that

add to this some vsa set up on the 60 and 240 min ( signs of weakness that have yet to be confirmed) the case for 1.4964 is strong

However there is a lot of resistance to the downside.
Blogging daily now at www.volume.zone
  • #211,772
  • Mar 30, 2010 10:37pm Mar 30, 2010 10:37pm
Quoting Ctic
Good thing I am long..
dun mock him, he just gave me a wonderful idea for a new indicator which wll change the way i look at markets

just lemme code it and back test it
  • #211,773
  • Mar 30, 2010 10:40pm Mar 30, 2010 10:40pm
Seem there is lot of support at 1.5055. During Asian session bulls were leveling the price around 5080. I am bit skeptic that gu will fall bellow 5000 mark. if price stays at5080 mark till London open might climb above 51 mark and hoover around there till us news comes out.I am short anyway since yesterday with red pips on the line.
  • #211,774
  • Mar 30, 2010 10:44pm Mar 30, 2010 10:44pm
morning chaps,,,,,
does anyone here in the UK have a better broker than IG Index ( spread 3 pips ) that can recommend???
Much appreciated
  • #211,775
  • Mar 30, 2010 10:46pm Mar 30, 2010 10:46pm
As the Asian session finished, you can see the price at GU was swinging in a tight area 1.512-1.505. At first, to the downside it formed 3 waves, then the price broke the latter one max level. Though it could be a signal for bullish impulse continuation, to my mind more likely is the development of an extended retracement pattern 3-3-3 or 3-3-5.

Fast return of the cable to the 1.506 area and Sto indicator pattern at higher TFs proves this idea. It is actual still the price trades below 1.513 and the first target can be set at 1.501 level.

Some hours later I'll post the explanation of current trading situation at GU on higher TFs (1H+).

The chart and all the previous entries are attached to the signature link.
  • #211,776
  • Mar 30, 2010 10:53pm Mar 30, 2010 10:53pm
Quoting forexlion
dun mock him, he just gave me a wonderful idea for a new indicator which wll change the way i look at markets

just lemme code it and back test it

yeah ctic ...stop picking on me ....
Blogging daily now at www.volume.zone
  • #211,777
  • Mar 30, 2010 10:55pm Mar 30, 2010 10:55pm
Quoting egkid

This from the book name Fibonacci Ratios with Pattern Recognition
By Larry Pesavento but if you want more info Peter Thompkin's book The Secret of the Great Pyramids.
Hi egkid,

I'm interest with The Secret of the Great Pyramids - Peter Thompkin's book.
 Would you like Share it's ?
Please... Send PM for me, Bro.
Thank's before
Always looking the GREAT, never left GOOD Point...
  • #211,778
  • Mar 30, 2010 11:02pm Mar 30, 2010 11:02pm
http://www.number1234.com/FX/GU.jpg

so where is it going ?
i need to reclaim my 60pips lost yesterday
  • #211,779
  • Mar 30, 2010 11:02pm Mar 30, 2010 11:02pm
Quoting forexlion
dun mock him, he just gave me a wonderful idea for a new indicator which wll change the way i look at markets

just lemme code it and back test it
this is what i made

now depending on which side of the Girlfriend we trade on the targets are crystal clear

Optimal is the 61.8% extension

http://img89.imageshack.us/img89/1043/cable.gif
  • #211,780
  • Mar 30, 2010 11:05pm Mar 30, 2010 11:05pm
Quoting malcolmb14
yeah ctic ...stop picking on me ....
Code Script kiddies don't code.
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