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Cable Update (GBPUSD)

  • #220,581
  • Apr 22, 2010 10:27am Apr 22, 2010 10:27am
Quoting cloggie
What does your chart tell you?
short for the next 5-25 minutes because I'm thinking it's gonna either go kiss the pivot level (and I'm hoping these indicators are correct) and then keep going back down, or be a tease and not kiss the pivot level at all. Though I do fear another day of consolidation during my trading session (America/NY)
Side question: Anyone know an American broker set up like IBFX with metatrader4 but has lower spreads (the 4 pip spread on cable and aud/usd is a pain),can fund with credit/debit, really low minimum deposit, and can trade other instruments?
  • #220,582
  • Apr 22, 2010 10:28am Apr 22, 2010 10:28am
Quoting Ineedpips9
short for the next 5-25 minutes because I'm thinking it's gonna either go kiss the pivot level (and I'm hoping these indicators are correct) and then keep going back down, or be a tease and not kiss the pivot level at all. Though I do fear another day of consolidation during my trading session (America/NY)
Side question: Anyone know an American broker set up like IBFX with metatrader4 but has lower spreads (the 4 pip spread on cable and aud/usd is a pain),can fund with credit/debit, really low minimum deposit, and can trade other instruments?

Why do you want a US broker, no hedging, fifo, what a bloody mess over there.
  • #220,583
  • Apr 22, 2010 10:32am Apr 22, 2010 10:32am
Quoting Crazy-Man



it will..
but first, candle closed below 5350.. no closed below that level, no downside.. imho

I mean 4h candle, of course..
  • #220,584
  • Apr 22, 2010 10:34am Apr 22, 2010 10:34am
!.5340 support held nicely today and I dont expect it to go lower perhaps just range. or pullback some more before having another attempt in asian or london sessions tomorrow.
  • #220,585
  • Apr 22, 2010 10:35am Apr 22, 2010 10:35am
The sneak a peek.

Voodoo Boodoo under construction, but here is a prelim copy of the indicators and template.

Traded under the same principles as Magix MTF, link here, more instructions to come.

Target and trade levels based on the Camarilla indicator, moving average crosses, pivot levels and price points.

The clock on your platform is essential with this set. Depending on where your brokers daily start and stop are will change the cam levels. For consistency and accuracy, if you want to see the same that I see, try the demo charts at Advanced Currency Markets, if these line up with your current charts, you choose.

Included are a couple of charts with key time frame crossovers, and support levels. Applied as the "If" and "Then" market approach. Support to resistance.

Green MA (4SMA)on the chart can be adjusted for the following time frame 24SMA.
1m chart, change to 120.
5m chart, change to 72.
15m chart, change to 48.
30m chart, change to 48.

Play safe.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cam1.jpg Size: 139 KB
Click to Enlarge Name: cam3.jpg Size: 154 KB
Click to Enlarge Name: camcurrent.jpg Size: 243 KB
Attached File(s)
File Type: mq4 camarilladt7v1.mq4   55 KB | 278 downloads
File Type: mq4 OsMA.mq4   3 KB | 393 downloads
File Type: tpl voodoo.tpl   45 KB | 290 downloads
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #220,586
  • Apr 22, 2010 10:40am Apr 22, 2010 10:40am
news is good but she move up, don't know why,
this is for today (may become today low if break last Sup) or tomorrow..,
Attached Image (click to enlarge)
Click to Enlarge Name: 22 April.JPG Size: 52 KB
I will be the number one Manager.
  • #220,587
  • Apr 22, 2010 10:41am Apr 22, 2010 10:41am
Quoting cloggie
Why do you want a US broker, no hedging, fifo, what a bloody mess over there.
cloggie, do you know the actual status of the leverage discussion?
A few weeks ago there was much talk about new rules, and leverage cuttings down to 10:1 or so. Could this become reality in future?
(banks do only trade 5:1 or lower, but for us it would be a pity,
if come so)
  • #220,588
  • Apr 22, 2010 10:42am Apr 22, 2010 10:42am
Quoting dag777
cloggie, do you know the actual status of the leverage discussion?
A few weeks ago there was much talk about new rules, and leverage cuttings down to 10:1 or so. Could this become reality in future?
(banks do only trade 5:1 or lower, but for us it would be a pity,
if come so)

I don't really follow it as my leverage is pretty low, probably a question to ask on the brokers' thread
  • #220,589
  • Apr 22, 2010 10:44am Apr 22, 2010 10:44am
1m pivot point on cam.

5m retrace not complete.

Strong immediate DT and hovering. With London closing, might be something to watch out for.

Attached Image (click to enlarge)
Click to Enlarge Name: 1mcam.jpg Size: 123 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #220,590
  • Apr 22, 2010 10:46am Apr 22, 2010 10:46am
i might be wrong
Attached Image (click to enlarge)
Click to Enlarge Name: h1 cable.gif Size: 27 KB
  • #220,591
  • Apr 22, 2010 10:46am Apr 22, 2010 10:46am
Quoting cloggie
I take plenty of cheeky trades here and there, power to you. I may join you on that long shortly once this retest is complete. Looking at 3276 on fibre and 5366 on cable as a possible entry.

My long order got filled on cable at 5366
  • #220,592
  • Apr 22, 2010 10:53am Apr 22, 2010 10:53am
Evening traders!

Damn I wish I'd left my short on this morning, would have made considerably more than I ended up with!

Leaders debate should be interesting tonight. I think Clegg's popularity was a result of shock that he could actually speak in sentences, so the debate tonight should see his policies slaughtered and hopefully we'll also see the herd mentality and "let's vote lib dem because it's the new cool thing" die down. That will once again boost the chances of the Tories and (hopefully) see a boost to GBP. Just an idea.

On that note, I will join you on that long, Cloggie!
  • #220,593
  • Apr 22, 2010 10:56am Apr 22, 2010 10:56am
Quoting Magix
The sneak a peek.

Voodoo Boodoo under construction, but here is a prelim copy of the indicators and template.

Traded under the same principles as Magix MTF, link here, more instructions to come.

Target and trade levels based on the Camarilla indicator, moving average crosses, pivot levels and price points.

The clock on your platform is essential with this set....
wise man a great man will always ready to serve and u are

thank u for the great work and thanks for the voodoo boodoo team
  • #220,594
  • Apr 22, 2010 10:58am Apr 22, 2010 10:58am
Quoting cloggie
Why do you want a US broker, no hedging, fifo, what a bloody mess over there.

As an american newbie it just seems easier/safer to stay here in the states until I've learned more and gotten more experience. Yes, the no hedging is a bit annoying. I've looked into going overseas, but seems too confusing and too much of a hassle to deal with rules,regulations,background checks, etc. I looked at fxcm for a while because of the leverage aspects, but seems like it would take a while to get the account up and going. FXOpen seems ok from what I've heard, but I didn't see any information on their site about Americans having accounts. If you know any brokers who are pretty good I encourage you by all means to offer suggestions.Thanks, and I do apologize to all for getting off topic on the thread.
  • #220,595
  • Apr 22, 2010 10:59am Apr 22, 2010 10:59am
long live

voodoo boodoo

hats off wise man
  • #220,596
  • Apr 22, 2010 11:05am Apr 22, 2010 11:05am
Took a long on 1.535 after a few short scalps. Fly baby, fly!
  • #220,597
  • Apr 22, 2010 11:06am Apr 22, 2010 11:06am
Quoting Ineedpips9
As an american newbie it just seems easier/safer to stay here in the states until I've learned more and gotten more experience. Yes, the no hedging is a bit annoying. I've looked into going overseas, but seems too confusing and too much of a hassle to deal with rules,regulations,background checks, etc. I looked at fxcm for a while because of the leverage aspects, but seems like it would take a while to get the account up and going. FXOpen seems ok from what I've heard, but I didn't see any information on their site about Americans having accounts....
Try mbtrading or thinkorswim.. both won multiple barron's award for several years..
  • #220,598
  • Apr 22, 2010 11:10am Apr 22, 2010 11:10am
Short @1.5377.. sl 1.5415.. holding strong.. good luck people..
  • #220,599
  • Apr 22, 2010 11:11am Apr 22, 2010 11:11am
Quoting kill56
long live

voodoo boodoo

hats off wise man
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #220,600
  • Apr 22, 2010 11:23am Apr 22, 2010 11:23am
Quoting A-speculator
Try mbtrading or thinkorswim.. both won multiple barron's award for several years..
gotcha. thanks for the heads up.
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