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Cable Update (GBPUSD)

  • #225,261
  • May 9, 2010 6:04pm May 9, 2010 6:04pm
Quoting kill56
just a thought a gap on sunday must close talking about the eur

cable already close the gap and went below it more than 30pips
I suggest looking at the gap on EUR/GBP - that one should close irrespective of where the USD pairs will go
"Luxury is one of the basic needs", (c), Don Corleone
  • #225,262
  • May 9, 2010 6:06pm May 9, 2010 6:06pm
Quoting kill56
just a thought a gap on sunday must close talking about the eur

cable already close the gap and went below it more than 30pips
645 billion bail out package being prepped by euro zone . As large as Tarp .

That 800 pip weekly candle could be a big old fake out if this is reversed this week .

this bail out could drive eu back into 1.3500 and higher at least for time being .

who knows ... vix is really and moves both directions are going to be massive this week again till vix settles down
Blogging daily now at www.volume.zone
  • #225,263
  • May 9, 2010 6:08pm May 9, 2010 6:08pm
Iam looking to long gbp any advice senior's please rply...........
14783 sl 14705 tp 14883



Quoting Firstboss
I suggest looking at the gap on EUR/GBP - that one should close irrespective of where the USD pairs will go
We cannot direct the winds but we can adjust our sail.
  • #225,264
  • May 9, 2010 6:15pm May 9, 2010 6:15pm
Quoting malcolmb14
645 billion bail out package being prepped by euro zone . As large as Tarp .

That 800 pip weekly candle could be a big old fake out if this is reversed this week .

this bail out could drive eu back into 1.3500 and higher at least for time being .

who knows ... vix is really and moves both directions are going to be massive this week again till vix settles down
also just a thought i think fiber will not pass the 13000 and then we are going to see the lower 20's . i do agree it might be fake out thats why its risky and crazy
  • #225,265
  • May 9, 2010 6:18pm May 9, 2010 6:18pm
Quoting Firstboss
I suggest looking at the gap on EUR/GBP - that one should close irrespective of where the USD pairs will go

why not look at ej 300pip gab too and it will close that gap now its half the way

dixy still above 83.00 darn i must be high its after all crackforex
  • #225,266
  • May 9, 2010 6:35pm May 9, 2010 6:35pm
Quoting 4xStar
If your indy were an .mq4 then we could go into the code and make adjustments. But with .ex4 that is not so easy. Does it have an input tab? (right click on chart, select indicators, the choose your indy and click edit .. a popup box will appear). If there is no option there to change the # of times alarm sounds, then I think only the person who made it can change it. Or check in the programming thread on this forum.
I am stupid when it comes to this stuff but can someone take this indi and copy it into an .mq4 indi and change the alert that way?
Please ask questions and share your experiences with us all!
  • #225,267
  • May 9, 2010 6:53pm May 9, 2010 6:53pm
Quoting bkg102665
I am stupid when it comes to this stuff but can someone take this indi and copy it into an .mq4 indi and change the alert that way?
Im not sure what indicator that is from FX Lion but i used a few of his indicators and it seemed I was getting an alert every 2 seconds. Sometimes less. It turned out it wasnt an alert. The indicators were fighting eachother and it was making my computer was making an error noise.

What I did to fix it was deleted all the charts and I only use the one I found to be best which is the Lions tail. I do still get the alerts but the actual alert sound is different than the error sound.

Just make sure you dont have more than one of his indys on any given chart and you should be good. You may be able to use the 3TMA and the lions tail together but I found they are kind of the same thing. One is just plotted on ur chart. The other in an indy window.

I hope this helps ya.

happy pipin
  • #225,268
  • May 9, 2010 6:59pm May 9, 2010 6:59pm
Quoting kill56
i think what Merkel wants the eur @12000 and they will get it sooner or later
I agree totally. However IMHO there will be a bounce after the announcement of a "Euro" rescue package today but it wont be long before the ECB has to do some sort of QE and then we will definately see those prices. Shouldnt have to wait too long LOL

They have probably been working out this drop in the euro behind closed doors for a long time and just in the nick of time when they get it low enough. Here comes the "rescue" LOL
  • #225,269
  • May 9, 2010 7:14pm May 9, 2010 7:14pm
Quoting kill56
hi

why not post u chart here every body can see welcome to the
crackforex house

i think most of us think this way but its crazy
Here is the chart. Read the blog at http://bit.ly/97YeHr
Attached Image (click to enlarge)
Click to Enlarge Name: GBP.JPG Size: 97 KB
{Promotion Removed}
  • #225,270
  • May 9, 2010 7:43pm May 9, 2010 7:43pm
hey man, how ya doin, ya know I think it really depends on the platform you're looking at... example on my Metatrader there is a gigantic gap on EU because that broker doesn't start reading prices until 5pm EST on sunday, however if you look at say OANDA, there is no gap whatsoever because price actually started climbing around 2pm EST Sunday afternoon and there was no gap at all on their charts. I think it's a matter of perception... to retail traders there is definitely gap, to institutional traders perhaps not so much. we'll see I guess

Quoting kill56
just a thought a gap on sunday must close talking about the eur

cable already close the gap and went below it more than 30pips
Attached Image (click to enlarge)
Click to Enlarge Name: oanda.eurusd-100509.01.PNG Size: 46 KB
"The real genius is knowing when to stop." - Marc Faber
  • #225,271
  • May 9, 2010 7:56pm May 9, 2010 7:56pm
Quoting Pip Hunterr
I agree totally. However IMHO there will be a bounce after the announcement of a "Euro" rescue package today but it wont be long before the ECB has to do some sort of QE and then we will definately see those prices. Shouldnt have to wait too long LOL

They have probably been working out this drop in the euro behind closed doors for a long time and just in the nick of time when they get it low enough. Here comes the "rescue" LOL

its on the open now lets see
  • #225,272
  • May 9, 2010 7:57pm May 9, 2010 7:57pm
Quoting hhitch
hey man, how ya doin, ya know I think it really depends on the platform you're looking at... example on my Metatrader there is a gigantic gap on EU because that broker doesn't start reading prices until 5pm EST on sunday, however if you look at say OANDA, there is no gap whatsoever because price actually started climbing around 2pm EST Sunday afternoon and there was no gap at all on their charts. I think it's a matter of perception... to retail traders there is definitely gap, to institutional traders perhaps not so much. we'll see I guess

i am doing great bro what about u its crazy we are trading the news let the market cool down
  • #225,273
  • May 9, 2010 7:58pm May 9, 2010 7:58pm
Quoting atif
Here is the chart. Read the blog at http://bit.ly/97YeHr

thank man thats alot better i do agree with u
  • #225,274
  • May 9, 2010 8:00pm May 9, 2010 8:00pm
hey man glad to hear it I'm doin great too... actually had a great week last week... I had an inkling this would happen on EU so I took a position at 1.2760 over the weekend... currently up quite nicely hope the gap doesn't fill however we'll see if we've bought the rumour and now we'll sell the news who knows

Quoting kill56
i am doing great bro what about u its crazy we are trading the news let the market cool down
"The real genius is knowing when to stop." - Marc Faber
  • #225,275
  • May 9, 2010 8:01pm May 9, 2010 8:01pm
yesssssssssssssssssssssss i am wrong
  • #225,276
  • May 9, 2010 8:03pm May 9, 2010 8:03pm
Quoting hhitch
hey man glad to hear it I'm doin great too... actually had a great week last week... I had an inkling this would happen on EU so I took a position at 1.2760 over the weekend... currently up quite nicely hope the gap doesn't fill however we'll see if we've bought the rumour and now we'll sell the news who knows

bro never seen a gap not closed careful some times it takes aweek but it will close
  • #225,277
  • May 9, 2010 8:46pm May 9, 2010 8:46pm
Quoting malcolmb14
they are all honest ...

this slippage , wide spreads etc etc are nature of the market

I have seen so many newbie traders holding over the weekend and then complaining their broker screwed them when price gaps 200 pip. a gap is a gap and called that as there is not liquidity in the market in the gap area. It is a fact of fx trading and holding on the weekend.

Trading at this time on a Sunday and expecting good fills is another fairy tale. Yet newbies will be bitching ' wha I did not get a good fill and slippage of 2 pip '

alot of the issues...
screwed ? liquidity in the gap area ? bitching ? good fills ? e3xperience ? slippage ??

  • #225,278
  • May 9, 2010 8:49pm May 9, 2010 8:49pm
Quoting kill56
bro never seen a gap not closed careful some times it takes aweek but it will close
  • #225,279
  • May 9, 2010 9:02pm May 9, 2010 9:02pm
Quoting forexlion

the gap is goobed londoon is not far away
  • #225,280
  • May 9, 2010 9:11pm May 9, 2010 9:11pm
what is "goobed" ?? anyway from here it looks like EU might go up for a while. unless it doesn't, of course.

Quoting kill56
the gap is goobed londoon is not far away
"The real genius is knowing when to stop." - Marc Faber
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