Cable Update (GBPUSD)

thats what i see i might be wrong

line in the sand 14470's a break above will change the whole picture

now back to the voodoo

we have been in a range for the past week line in the sand will be the H4 a break above then we will go up

but what i see is we will visit h3 if we wanna retrace above H4

i might be wrong

it have been a nice week alot of entry's in between the ride was

great between the cam's with the help of the ma's

i hope we all have a green week best of luck to us

Can u tell me where is H3 on your chart......thanks!
too many lines and i cannot figure it out, it might be 1.4486 but i think thats wrong, its too high lol or do we get new lines on monday ?
price closed at 1.4461, so u mean we going down to h3 and then up to h4 ?

Your short on this? From looking at the weekly chart, that hammer looks tempting to long it....

i hope u can see them now we are at H3 now

if we go to H3 then L3 is next

hi all,

I see strange price action in GU ( few hours before market closed ) in insta broker.... i did not see this price action in other broker such as : fxopen,ibfx and pf4.

Why ? broker manipulation , broker technically error.... or big dogs coming ( but if there was big dog.... why no those PA in other broker ) ?

Thanks

hi all,

I see strange price action in GU ( few hours before market closed ) in insta broker.... i did not see this price action in other broker such as : fxopen,ibfx and pf4.

Why ? broker manipulation , broker technically error.... or big dogs coming ( but if there was big dog.... why no those PA in other broker ) ?

Thanks

I use the same broker...Insta Forex and i got the same 100 pip drop, two hours before friday close, luckily i was near the computer and managed to close my order with 100 pip profit right at the bottom but before i could put in a buy order the PA went up again so fast before i could even blink my eye. it just disappeared to where it started leaving the long pin hanging. This was definitely a set up as other brokers i looked did not have this PA. They probably did this to eat up everyones stop loss down till 1.4350. Lot of ppl had buy orders i think with stop losses.

P.S. I see the same pin on EURUSD as well.......140 pip drop

I'm use 3 (Three) BROKERS for Trade

INSTA Broker :

All Pairs in GBP/USD ; EUR/USD and AUD/USD was DROP
And in USD/JPY was FLY

Btw... FX Open & Prime 4X was NORMAL

How with FF Brokers Recommendation ? And ZULU Broker ?
Are there Others experienced the same thing ?

Different bank feeds and retail trading population?

-----

To all:

Found a couple of g/u longterm TL rays, 2009.06.23 04:29 1.625007 2010.02.04 17:30 1.620141 and 2009.06.22 01:04 1.650063 2010.05.13 21:00 1.535613, while playing with the 1'. Don't trust me, here's the template in EST (uses these candles). Shows a possible 4H TF move.

CONFIRMATION -- Draw a derivation on the other side of these two lines; it acts as last week's resistance. Again, EST. 2009.11.16 00:00 1.569622 2010.01.04 12:00 1.536778

I have seen them before and made over a grand on one of these. Just an example of the need to have a T/P out there somewhere, you just might get lucky.

Jim

My M30 and H1 charts shows the bulls are still there. My guess is there will be a GAP up when the market reopens next week.

again and again ............ strange PA..... happened few hours before friday closed.

just check ... last friday 14 may ..... is this how broker eating trader's money ?


I'm thinking if we have good strategy but the broker did like this .......... why we trade ? .............................

Hi all ,,,,

I use MB Trading ,, one day last week i was holing a position and it was in green 100 pips ,, suddenly the platform hangs, and it wasn't accepting any order, at that time i was trying to close my position but i couldn't, i went to my other PC which has MB Trading platform installed and it was also not accepting orders,, Until the position went to red,,,,

Anybody using MB Trading ???

I have used all manner of platforms/brokers over the years. And was switching because of that very same problem. But since using VT Trader by CMS, I haven't had that problem. And if one ever arise, one quick call to their office will clear it up. I have a link if you are interested in giving it try. You won't be disapointed. 100 pips is a lot of money.

Your broker closed 30 mins early, thats why u see everything bullish. Some other brokers show PA came down to 1.4450 5min before close to close at 1.4461

So, there will be GAP down, very little.

WHAT PLATFORM? I used to be wih MB no issue ever

MB Trading turns off their servers completely twice a day for mininum five minutes each time, at 5pm EST for rollover and at midnight EST for maintenance. EVERY DAY. during those times the system will not accept any orders of any kind, and stops and limits do not work. got messed up several times by this situation myself.

read with me

Forex: Pivot Points Calculation Rules


The presented article covers the topic of pivot points calculating. Different pivot points are the popular and simple tools of technical analysis in Forex market trading. In this article the rules for floor, Tom Demark’s, Woodies and Camarilla pivot points are described. The following article will be useful for all Forex traders who wish to be more acquainted with the generic technical analysis.

The floor pivot points (the most basic and popular type of pivots) are widely used in Forex trading technical analysis. The main aim of a pivot point is to represent a primary level of support/resistance - the point at which the trend can become bearish or bullish. Levels of resistance and support (from first to third) serve as the additional points of possible trend breakouts or the trend range limits. These are the rules to calculate floor pivot points:

Pivot (P) = (H + L + C) / 3
Resistance (R1) = (2 X P) - L
R2 = P + H - L
R3 = H + 2 X (P - L)
Support (S1) = (2 X P) - H
S2 = P - H + L
S3 = L - 2 X (H - P)

Tom DeMark’s pivot points are not as popular as floor pivots, but it is even simpler and can be used to determine the range for a current period trading corridor using the High, Low and Close values of the previous period and the Open value of a current period. To calculate DeMark's pivot points one can use these rules:

If Close < Opencurrent Then X = H + 2 X L + C;
If Close > Opencurrent Then X = 2 X H + L + C;
If Close = Opencurrent Then X = H + L + 2 X C;
New High = X / 2 - L; New Low = X / 2 - H

Another way to calculate pivot points are Woodie's pivot points. They are very similar to floor pivot points, but are calculated giving more weight to the Close price of the previous time period. The rules to calculate Woodie's pivot points are as follows:

Pivot (P) = (H + L + 2 X C) / 4
Resistance (R1) = (2 X P) - L
R2 = P + H - L
Support (S1) = (2 X P) - H
S2 = P - H + L

Camarilla pivot points are based on the Camarilla equation method developed by Nick Scott. They are presented as a set of eight levels of support and resistance values without a middle pivot point (which is crucial for floor pivot points). The precise way of calculating these pivot points is somewhat unclear. But more important is that these pivot points can still be calculated and work for all traders. They can be used to set the stop-loss and take-profit orders to automate Forex trading. Use the following rules to calculate Camarilla pivot points:

R4 = (H - L) X 1.1 / 2 + C
R3 = (H - L) X 1.1 / 4 + C
R2 = (H - L) X 1.1 / 6 + C
R1 = (H - L) X 1.1 / 12 + C
S1 = C - (H - L) X 1.1 / 12
S2 = C - (H - L) X 1.1 / 6
S3 = C - (H - L) X 1.1 / 4
S4 = C - (H - L) X 1.1 / 2

read with me 1

thanks gos to Vault17 Trading and lieutenant


"Let's talk about Camarillo

.

You probably already heard about the equation of Camarillo, and how much easier to trade using his supposedly secret formula that will help your trading to reach new heights, with the least risk. Well, or something like that. We have carefully studied the formula and Camarillo can tell that this is a wonderful phenomenon. First you must realize that quite a lot of released versions, randomly named "Camarillo". Most of them are made by amateur traders on the forums, look like a "Disclosure of the secret" and certainly want to get money for their work, or a few commercial sites that offer the same equation is based entirely on other theories and math. The most successful version for us to be open in 1989, almost a legendary trader of bonds, Nick Scott, which convinced us that the equation works and only he has developed a web site telling the whole truth about this phenomenon.

Start Camarilla Equation. Open in Day-trading in 1989, Nick Scott, a successful trader of bonds in financial markets, SureFireThing Camarilla uses the truism determine what the market: most sessions have a tendency to turn towards the middle. In other words, when the market was a big spread between the haem and low the previous day, they can turn around and retreat back to the closing of the day. The equation uses complex mathematics to get 8 levels from the air, using nothing but the high, low, close, open yesterday. These levels are truly the imagination of its accuracy by considering Day-trading, even for seasonal traders who know all about support, resistance, etc.

"

<...> Is omitted because of advertising. "

add then, well, it's not even a turkey, but a whole system, I would say