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Cable Update (GBPUSD)

  • #227,121
  • May 17, 2010 10:05pm May 17, 2010 10:05pm
I got a break and test on the 1 Hr. Looks like we may dump a bit.

Jim

Quoting wormboy
trev, good stuff mate
have the ascending ltl plotted as well after the second dip.
current price is ard pivotal level, reloaded longs given the better risk reward.
Let's see how it goes. Good luck

Yesterday's chart
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  • #227,122
  • May 17, 2010 10:07pm May 17, 2010 10:07pm
Bro kill56,

Are you refering to the 2 big arrows in green?
http://i41.tinypic.com/21ww7d.jpg

It is Advanced GET Oscillator in the indicator window (Modified) & the one on the right is EW monitor (Elliott Wave monitor for multiple timeframe) for MT4 created by friend.

Sorry, saw yr post in EU thread, but more comfortable to reply here. Wahahha
Smile Chankl78
  • #227,123
  • May 17, 2010 10:11pm May 17, 2010 10:11pm
Quoting Nene
I got a break and test on the 1 Hr. Looks like we may dump a bit.

Jim
Jim,

As I do feel this may rise a bit, I would not be surprised to see if we test the support line again. Every good daily rise usually comes with 2 tests of a support as highlighted in chart (some examples).

C.
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  • #227,124
  • May 17, 2010 10:11pm May 17, 2010 10:11pm
a break and a shack
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  • #227,125
  • May 17, 2010 11:23pm May 17, 2010 11:23pm
Quoting Nene
I got a break and test on the 1 Hr. Looks like we may dump a bit.

Jim
yeah he is already dumping

http://img695.imageshack.us/img695/479/20080706005.jpg
  • #227,126
  • May 17, 2010 11:45pm May 17, 2010 11:45pm
Quoting forexlion
yeah he is already dumping

http://img695.imageshack.us/img695/479/20080706005.jpg

Yes...i'm a newbie.... after reading this forum.....personally i see that this guy looks so arrogant....with his strategy....but in real...always make noise or false call.... and always correct call ( but it's only a lucky event ).

hi... if u feel you're master in fx ..... you should learn more ethic...in teaching others with wise and humble as a teacher.... that's what guru it is ...not like you did ... too arrogant and big head .............

You should review your own statistic here ........
Attached Image
  • #227,127
  • Edited 12:17am May 18, 2010 12:05am | Edited 12:17am
GBP: caution about sell there is a hidden divergence on m30 and H1 which push gbp higher I guess there would be proper price to sell unless HD is going to fade by consolidation in next few hours . sell if going lower than 1.4390


Add a caption
GBP: caution about sell there is a hidden divergence on m30 and H1 which push gbp higher I guess there would be proper price to sell unless HD is going to fade by consolidation in next few hours
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  • #227,128
  • May 18, 2010 12:07am May 18, 2010 12:07am
I am going long on the GBPUSD. Will be short lived but should be able to eek out some pips. Trigger will be a MA cross on the 5 min.
  • #227,129
  • May 18, 2010 12:14am May 18, 2010 12:14am
Quoting DisciplineFX
I am going long on the GBPUSD. Will be short lived but should be able to eek out some pips. Trigger will be a MA cross on the 5 min.
Why?
  • #227,130
  • May 18, 2010 12:18am May 18, 2010 12:18am
4408 a good support level.
  • #227,131
  • May 18, 2010 12:21am May 18, 2010 12:21am
Quoting DisciplineFX
4408 a good support level.
This is true, but what I meant was why long on a 5 min MA cross? As of right now we are still posting lower lows and lower highs on 5M chart. Which MA's? I wouldn't be surprised if we see this back to the 4250 before a rise for a double bottom test.

C.
  • #227,132
  • May 18, 2010 12:23am May 18, 2010 12:23am
MACD on the 4h starting to turn over and indicating a weak bullish signal, which has occured at least three times in the last few months on the same time frame. Back testing these similar events produced good results trading a MA cross on the 5 min. Each time we moved up. I think the over all push is still short because the Daily MACD is still a strong sell.

In my opinion, a MA cross will be a good entry point or a buy limit off of 4408 which it just bounced off of.

My setups come off the 4h and the daily, with the triggers on the 5 min MA cross.

Good luck!
  • #227,133
  • May 18, 2010 12:25am May 18, 2010 12:25am
The MA cross is just the trigger. I pick the direction based on longer timeframes. If it continues to go short, the cross won't happen until later in the day. The MA values can vary. Right now I use a 7-30 and my EA triggers the trade and manages it.
  • #227,134
  • May 18, 2010 12:28am May 18, 2010 12:28am
Hope I am right
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  • #227,135
  • May 18, 2010 12:32am May 18, 2010 12:32am
Quoting forexliar
Yes...i'm a newbie.... after reading this forum.....personally i see that this guy looks so arrogant....with his strategy....but in real...always make noise or false call.... and always correct call ( but it's only a lucky event ).

hi... if u feel you're master in fx ..... you should learn more ethic...in teaching others with wise and humble as a teacher.... that's what guru it is ...not like you did ... too arrogant and big head .............

You should review your own statistic here ........
I know how I trade and I am proud of it.

Feb 2009, till date


http://img696.imageshack.us/img696/7716/54430757.gif
  • #227,136
  • May 18, 2010 12:34am May 18, 2010 12:34am
Quoting DisciplineFX
Hope I am right
Longs confirmed.
  • #227,137
  • May 18, 2010 12:35am May 18, 2010 12:35am
Quoting forexlion
I know how I trade and I am proud of it.

Feb 2009, till date


http://img696.imageshack.us/img696/7716/54430757.gif
Looks like a "up yours " middle finger....
  • #227,138
  • May 18, 2010 12:37am May 18, 2010 12:37am
This is the most active room so ill just post my q here, does anyone know how to change your time on chart to london time????
  • #227,139
  • May 18, 2010 12:37am May 18, 2010 12:37am
you should learn more ethic how to teach others with wise and humble....

if not.... you're not guru ... but not more than a looser



Quoting forexlion
I know how I trade and I am proud of it.

Feb 2009, till date


http://img696.imageshack.us/img696/7716/54430757.gif
  • #227,140
  • May 18, 2010 12:38am May 18, 2010 12:38am
Quoting trj6911
Looks like a "up yours " middle finger....
Very appropriate.
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