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Cable Update (GBPUSD)

  • #219,521
  • Apr 20, 2010 1:01am Apr 20, 2010 1:01am
Quoting darksorrow
Thanks

I was thinking the other way around. I really don't know these rules and my SL's are based on SnR or an acceptable amount of pips. Don't know yet how to set target.
5325 broke and now we are close to testing 5285, what does this tell u

in simple english S/R is more important than indicators
  • #219,522
  • Apr 20, 2010 1:13am Apr 20, 2010 1:13am
Hi Everybody

Price seems to have been rejected temporarily at 1.5281 100 and 200 Ma (4Hr) less than 6 pips apart and the Daily pivot. I personally think if we clear 1.5281 the gates are open-back up your trucks to collect you money.
BE THE BEST YOU CAN BE AND BE IT TODAY
  • #219,523
  • Apr 20, 2010 1:13am Apr 20, 2010 1:13am
Quoting Magix
Stick with support and resistance lines.

Watch for direction, ride the tide.

Do not try to catch bottoms or guess tops.

These few simple rules will save your account time after time.
Hmmm :-?

Glad to know that i am on the right direction O

Thanks for the input.
  • #219,524
  • Apr 20, 2010 1:13am Apr 20, 2010 1:13am
Quoting forexlion
5325 broke and now we are close to testing 5285, what does this tell u

in simple english S/R is more important than indicators
Tells me that if you watch mystical magical numbers that you will have your ass handed to you by market.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #219,525
  • Apr 20, 2010 1:17am Apr 20, 2010 1:17am
Quoting forexlion
the reason why i am so friggin sure about 4850 and 4400 is that we completed wave 4 on daily and we are now in the downtrend

and as EgKid pointed out 5500 was the max top it could manage

http://img707.imageshack.us/img707/6434/getn.gif
EU has a very similar chart pattern. Are we at wave 5 with EU also?
  • #219,526
  • Apr 20, 2010 1:25am Apr 20, 2010 1:25am
Quoting forexlion
5325 broke and now we are close to testing 5285, what does this tell u

in simple english S/R is more important than indicators
This tells me it will go down more
  • #219,527
  • Apr 20, 2010 1:31am Apr 20, 2010 1:31am
I also thint that cable will go down but I will wait for a better position.
  • #219,528
  • Apr 20, 2010 1:31am Apr 20, 2010 1:31am
Quoting Zulu
Teamviewer 5 can help maby, I dunno.

Take care!
All remote desktop software has been blocked by the corporate FW. Also corporate snooper will detect software, uninstall it and report to management. My company is like Big Brother!
  • #219,529
  • Apr 20, 2010 1:39am Apr 20, 2010 1:39am
Quoting bbakker
All remote desktop software has been blocked by the corporate FW. Also corporate snooper will detect software, uninstall it and report to management. My company is like Big Brother!
heya BB, looks like we got it right mate
@pawpaw1000 on Twitter
  • #219,530
  • Apr 20, 2010 1:39am Apr 20, 2010 1:39am
Quoting darksorrow
This tells me it will go down more
So, using the mystical numbers, and before the drop in price now, what did the top of the chart tell you?

Scrub this crap from your mind.

Forget you ever read it.

Move on to watching the action...if you feel the need to look for numbers, go out and play a game of bingo, better chance of success watching for numbers on a board.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #219,531
  • Apr 20, 2010 1:46am Apr 20, 2010 1:46am
Quoting bbakker
All remote desktop software has been blocked by the corporate FW. Also corporate snooper will detect software, uninstall it and report to management. My company is like Big Brother!
Good Morning bbakker,

i have the same problem here at work, using the teamviewer software now for over a year, so far our admin did not have detect it. But one little problem with teamviewer is the delay (0.5 sec), not good for scalping and if internet connection is not propper, i have to log in several times the day. For charting with mt4 it is o.k.
My Company also blocks everything like java, flash... and many others.
What about internet stick?
  • #219,532
  • Apr 20, 2010 1:50am Apr 20, 2010 1:50am
I am treating this as a test of a Daily DTL. My call is X marks the spot provided we get a decent close short. Something is holding this up. If we do get a push down then 1.5075 area I will begin scaling in my buys. My little short is already stopped set at B/E so no loser if this thing decides to continue long with the long term trend.

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 44 KB
  • #219,533
  • Apr 20, 2010 1:51am Apr 20, 2010 1:51am
Quoting Magix
So, using the mystical numbers, and before the drop in price now, what did the top of the chart tell you?

Scrub this crap from your mind.

Forget you ever read it.

Move on to watching the action...if you feel the need to look for numbers, go out and play a game of bingo, better chance of success watching for numbers on a board.
Errm

Did not get you
  • #219,534
  • Apr 20, 2010 1:55am Apr 20, 2010 1:55am
short 5315
  • #219,535
  • Apr 20, 2010 2:04am Apr 20, 2010 2:04am
Quoting bbakker
All remote desktop software has been blocked by the corporate FW. Also corporate snooper will detect software, uninstall it and report to management. My company is like Big Brother!
I use "Log Me In" free edition to access remotely. May or may not work for you. But then, you may or may not be sacked for using remote desktop software at work too
  • #219,536
  • Apr 20, 2010 2:06am Apr 20, 2010 2:06am
Quoting free4440273
short 5315
I'm dubious of the CPI and RPI news today at 09:30GMT. Waiting for that to pass before I short.
  • #219,537
  • Apr 20, 2010 2:07am Apr 20, 2010 2:07am
long at 5318 for a quick scalp
  • #219,538
  • Apr 20, 2010 2:07am Apr 20, 2010 2:07am
the only thing keeping me from adding to my short is this GAP!!!
@pawpaw1000 on Twitter
  • #219,539
  • Apr 20, 2010 2:10am Apr 20, 2010 2:10am
cable is going up guys, I would close your shorts if I were you.
  • #219,540
  • Apr 20, 2010 2:10am Apr 20, 2010 2:10am
Quoting The Magician
long at 5318 for a quick scalp

OOOOSH! What a jump. Out for 17 pips. Will sit back and watch for next move.
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