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Cable Update (GBPUSD)

  • #228,901
  • May 27, 2010 5:17pm May 27, 2010 5:17pm
Quoting 4xStar
The H5 line is 4504, that is also the 100 ma on 15 min and support on 30 min, looks like it would be a good entry 'if' this upward move has more steam.

is that the 50% retracement of the upmove?
  • #228,902
  • May 27, 2010 5:21pm May 27, 2010 5:21pm
Quoting alex1976
is that the 50% retracement of the upmove?
Yep.
******************* I'd rather make money than be right.
  • #228,903
  • May 27, 2010 5:33pm May 27, 2010 5:33pm
Quoting alex1976
is that the 50% retracement of the upmove?
But she may only make it to the 61.8 ..
******************* I'd rather make money than be right.
  • #228,904
  • May 27, 2010 5:36pm May 27, 2010 5:36pm
I wouldnt go long if i were u....... Dont say like other's he doesnt make sense, when i make the call they disagree later i hear they are on 100pips when others have been misled. Follow previous price pattern, u wld have 80% success...........



Quoting alex1976
range is finally over, time to go long, for now.

Also stock market headed back up to test resistance.

So today is a solid long. looking for good entry on a retracement.
  • #228,905
  • May 27, 2010 5:38pm May 27, 2010 5:38pm
Quoting 4xStar
But she may only make it to the 61.8 ..
61.8 is at 1.4538. That would be too small move. she will make it to the DP at 1.4518
  • #228,906
  • May 27, 2010 5:42pm May 27, 2010 5:42pm
darn when i look at the daily chart i see something and when i look at h4 see something elss where we go from here if my guess is right i think we will visit h5 a break there will take us to h4 no break then we are going to see new highs to ema200.
buying dips till we break

i might be wrong i will take it hour by hour
Attached Image (click to enlarge)
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  • #228,907
  • May 27, 2010 5:45pm May 27, 2010 5:45pm
I av a short from 1.4580 t.p 1.4440, if we get there then take it that i am lucky.
  • #228,908
  • May 27, 2010 5:59pm May 27, 2010 5:59pm
15/03/2010 Repitition, after 2day if it occurs then we rise monday Previous pattern plays out, not just fundamentals n indicators, believe me i profit from this weekly......
  • #228,909
  • May 27, 2010 6:12pm May 27, 2010 6:12pm
Quoting fendi
I av a short from 1.4580 t.p 1.4440, if we get there then take it that i am lucky.
ltl and L4 are around 1.4440, so I think it is ambitious but achievable. I am with you on this one. Good luck!
  • #228,910
  • May 27, 2010 6:19pm May 27, 2010 6:19pm
Quoting bbakker
ltl and L4 are around 1.4440, so I think it is ambitious but achievable. I am with you on this one. Good luck!
hey bro how was u day

is that what u have
Attached Image (click to enlarge)
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  • #228,911
  • May 27, 2010 6:41pm May 27, 2010 6:41pm
Quoting kill56
hey bro how was u day

is that what u have
Exactly the same bro! I checked with Dr D's charts and I had to change GMTShift to -1.0 to get the same numbers! GMTShiftSun is the same at 6.0.

No trading during the day as we had a company day out. We went bowling and had late lunch/early dinner. I didn't come back till late and saw today's awesome movements and thought that a retrace was on the cards, so I waited for confirmation using 1sc template before I got a short in @4570 with SL @4610. As Cloggie says, it is not uncommon for the Asia/Frankie session to go back to DP. L3 is near DP, so it is possible for us to get to L4. I will close 2/3 of my short on DP and let the 1/3 run to L4. I am going to bed and hopefully wake up to some green pips. Goodnight bro!
  • #228,912
  • May 27, 2010 6:46pm May 27, 2010 6:46pm
Quoting bbakker
Exactly the same bro! I checked with Dr D's charts and I had to change GMTShift to -1.0 to get the same numbers! GMTShiftSun is the same at 6.0.

No trading during the day as we had a company day out. We went bowling and had late lunch/early dinner. I didn't come back till late and saw today's awesome movements and thought that a retrace was on the cards, so I waited for confirmation using 1sc template before I got a short in @4570 with SL @4610. As Cloggie says, it is not uncommon for the Asia/Frankie session to go back to DP. L3 is near DP, so...
goodnight bro best of luck
  • #228,913
  • May 27, 2010 6:49pm May 27, 2010 6:49pm
Quoting kill56
goodnight bro best of luck
Asia has some other ideas and don't want to see DP
  • #228,914
  • May 27, 2010 7:07pm May 27, 2010 7:07pm
Quoting bbakker
Asia has some other ideas and don't want to see DP
i dont like this PA dow is flying but lets wait for the china to come in
  • #228,915
  • May 27, 2010 8:20pm May 27, 2010 8:20pm
my view for today..just want to learn s/r & trendline..hope someone can teach me if i'm wrong..
Attached Image (click to enlarge)
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  • #228,916
  • May 27, 2010 10:04pm May 27, 2010 10:04pm
becareful @ 4480, if this is real long they may come back if touch that level, (see trand line that someone post above this post)

i don't trade today cos want to spend my day with granny,

see you all, have a good trade, never over trade, protect your acc, have SL, , do exercise, no alcohol, no smooking, brush your tooth before sleep, and don't forget to pray.

happy weekend to you..






ps : and don't fight
I will be the number one Manager.
  • #228,917
  • May 27, 2010 10:08pm May 27, 2010 10:08pm
Quoting Vuraziq
my view for today..just want to learn s/r & trendline..hope someone can teach me if i'm wrong..
Trend lines can be sucker traps, they define a trend until they no longer define a trend, ie, they work until they don't work no more.

As a suggestion, maybe throw a 200ema onto a few charts and observe price reaction to it.

4 charts, GJ, EJ, GU, EU.

The 200ema is the white line on the charts...check how well these pairs play this for support and resistance. Just a thought for ya.
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #228,918
  • May 27, 2010 10:56pm May 27, 2010 10:56pm
As a suggestion, maybe throw a 200ema onto a few charts and observe price reaction to it.[/quote]

Thanks magix for ur advice..but how can i know when is the best time to enter the market?..wait for new bar open&close below the ema 200 (let say price drop from above ema 200)?..
  • #228,919
  • May 27, 2010 11:41pm May 27, 2010 11:41pm
just finish my 1EA..
using stoch for entry and SNR for SL..
dont know how it work..
but still more work to be done..
just do it for fun and free time..
Revesal Trader
  • #228,920
  • May 28, 2010 12:03am May 28, 2010 12:03am
[quote=mygoldenpips;3760146]just finish my 1EA..


I had send u PM.
GELORE
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