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Cable Update (GBPUSD)

  • #212,081
  • Mar 31, 2010 9:52pm Mar 31, 2010 9:52pm
Quoting Ctic
Good thing I am long..
Quoting Ctic
Well my long has produced me some nice profits this week.
Good job brother

trading your own charts is always fun, forum posts even from senior traders is ....... oh well

congrats again.
  • #212,082
  • Mar 31, 2010 10:14pm Mar 31, 2010 10:14pm
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  • #212,083
  • Mar 31, 2010 10:19pm Mar 31, 2010 10:19pm
Cable trading range for April

The new monthly candle is out and with 5182 holding as support we should see a move into 5377 now.

Lets see how it goes.

http://img101.imageshack.us/img101/5499/cableg.gif
  • #212,084
  • Mar 31, 2010 10:21pm Mar 31, 2010 10:21pm
Quoting dogol
... I'll think about new entry later .... maybe in Europe/London and US ...

now time to take a rest ... shopping time ...

see you guys ....

i heard some one say "Shopping...,"
I will be the number one Manager.
  • #212,085
  • Mar 31, 2010 10:22pm Mar 31, 2010 10:22pm
And if 5182 does hold as support then today's day trading range is denoted by +100 level, +61.8 is the optimal upper.

yesterday's optimal upper was hit right smack on, lets see how it goes today.

http://img11.imageshack.us/img11/3884/cablel.gif
  • #212,086
  • Mar 31, 2010 10:36pm Mar 31, 2010 10:36pm
http://fxdom.ru/uploads/posts/126923...pusd-daily.gif

hello to all. look on YOUR D1 timeframe. near is goal 1.5400 ( it is fibo 38.2) and after....?
Stochastic up and up still. I'm waiting when Stoch will be in zone max on D1 and after down.
...
  • #212,087
  • Mar 31, 2010 10:47pm Mar 31, 2010 10:47pm
Quoting Privet
http://fxdom.ru/uploads/posts/126923...pusd-daily.gif

hello to all. look on YOUR D1 timeframe. near is goal 1.5400 ( it is fibo 38.2) and after....?
Stochastic up and up still. I'm waiting when Stoch will be in zone max on D1 and after down.
...
you are really putting in efforts to tame cable, i appreciate it.
  • #212,088
  • Mar 31, 2010 10:50pm Mar 31, 2010 10:50pm
Priv I just had a look at your wave count on daily, its superb, keep up the good work brother.
  • #212,089
  • Mar 31, 2010 10:53pm Mar 31, 2010 10:53pm
Quoting forexlion
you are really putting in efforts to tame cable, i appreciate it.
thank you
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  • #212,090
  • Mar 31, 2010 11:02pm Mar 31, 2010 11:02pm
day 4 of this free cmsfx acc, they had a $50 promotion till 31 march, and its just wow

never thought i would be trading peanuts, but its nice to know that with proper planning and strong MM even small accounts can be traded nicely

there is no reason to blow accounts if you plan trades and most importantly ignore forum posts
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  • #212,091
  • Mar 31, 2010 11:08pm Mar 31, 2010 11:08pm
Quoting Privet
http://fxdom.ru/uploads/posts/126923...pusd-daily.gif

hello to all. look on YOUR D1 timeframe. near is goal 1.5400 ( it is fibo 38.2) and after....?
Stochastic up and up still. I'm waiting when Stoch will be in zone max on D1 and after down.
...

base on your chart, the the 5400 is inminent? forgot my short position at 1.4830?
  • #212,092
  • Mar 31, 2010 11:19pm Mar 31, 2010 11:19pm
Quoting cesararr
base on your chart, the the 5400 is inminent? forgot my short position at 1.4830?
if you are short and can hold it, then try to hold it, cause after this move 4364 is possible, well thats what the experts @ actionforex and dailyfx say.
  • #212,093
  • Mar 31, 2010 11:26pm Mar 31, 2010 11:26pm
[quote=forexlion;3601598]if you are short and can hold it, then try to hold it, cause after this move 4364 is possible, well thats what the experts @ actionforex and dailyfx say.[/quote

I think i can hold it .... but im afraid if after 5400 continue UP after that i think i can't hold for long.... Suggestions please....
  • #212,094
  • Mar 31, 2010 11:45pm Mar 31, 2010 11:45pm
Quoting forexlion
if you are short and can hold it, then try to hold it, cause after this move 4364 is possible, well thats what the experts @ actionforex and dailyfx say.
there is still NFP tomorrow that really2 in a good time (Hollyday), everything is possible...
so let's talk the nearest one first Lion..., do you think it could break 1.5240?? and why?

very very best trader could answer small TF,


note : just say "i don't know" if you don't know, cos i think there is no one here sure about that right now...
I will be the number one Manager.
  • #212,095
  • Mar 31, 2010 11:51pm Mar 31, 2010 11:51pm
ATR(14) on weekly is 376 which means cable has a weekly range of 376 pips from week open

so if the current week open is 49189 or 4919 (rounded) then adding 376 to this we get 5295 approx

so this means that for this week despite nfp the max move will be till 5295
Attached Image
  • #212,096
  • Mar 31, 2010 11:56pm Mar 31, 2010 11:56pm
Quoting forexlion
ATR(14) on weekly is 376 which means cable has a weekly range of 376 pips from week open

so if the current week open is 49189 or 4919 (rounded) then adding 376 to this we get 5295 approx

so this means that for this week despite nfp the max move will be till 5295
for today the max range maps out @ 5349

but since the week range is 5295, and the 61.8 is 5285

i put the target exit on this current long @ 5285

http://img256.imageshack.us/img256/1043/cable.gif
  • #212,097
  • Mar 31, 2010 11:58pm Mar 31, 2010 11:58pm
Quoting forexlion
ATR(14) on weekly is 376 which means cable has a weekly range of 376 pips from week open

so if the current week open is 49189 or 4919 (rounded) then adding 376 to this we get 5295 approx

so this means that for this week despite nfp the max move will be till 5295

study something before you start preaching it...

just cause average atr is 376 it does not mean the has to complete full range.
Blogging daily now at www.volume.zone
  • #212,098
  • Apr 1, 2010 12:00am Apr 1, 2010 12:00am
[quote=cesararr;3601612]
Quoting forexlion
if you are short and can hold it, then try to hold it, cause after this move 4364 is possible, well thats what the experts @ actionforex and dailyfx say.[/quote

I think i can hold it .... but im afraid if after 5400 continue UP after that i think i can't hold for long.... Suggestions please....
cable is more likely to test 5700 level or higher.
but this is longer term suggestion upon confirmation of large accumulation based on gbplfx's monthly close. pretty sure our in house vsa guys would be seeing the same thing.
Again I have to stress that this is a long term projection and id trading would require one to exercise more caution as immediate res level is seen @5385.
Good luck.
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Thank You
  • #212,099
  • Apr 1, 2010 12:00am Apr 1, 2010 12:00am
Quoting forexlion
for today the max range maps out @ 5349

but since the week range is 5295, and the 61.8 is 5285

i put the target exit on this current long @ 5285

http://img256.imageshack.us/img256/1043/cable.gif
and this is the new indicator i was working on yesterday, this is what it exactly does

 

  1. maps out the range then plots the fib levels according to the max range
  2. back tested over 30 days its proved amazing
  3. even yesterday we stopped first on 61.8 and eventually on 78.6 @ NY closing

  • #212,100
  • Apr 1, 2010 12:02am Apr 1, 2010 12:02am
Quoting javapips
there is still NFP tomorrow that really2 in a good time (Hollyday), everything is possible...
so let's talk the nearest one first Lion..., do you think it could break 1.5240?? and why?

very very best trader could answer small TF,


note : just say "i don't know" if you don't know, cos i think there is no one here sure about that right now...
can you let me know where can i read about NFP how it affect to this pair?

thanks..
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