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Cable Update (GBPUSD)

  • #229,441
  • Jun 2, 2010 9:03am Jun 2, 2010 9:03am
Quoting Magix
Only a pip or two depending on your broker out of bounds played to the H4 200EMA....

Forecast, Updated, Completed pattern.

Next targeted range on the Sherpa Sell off...200EMA to be tackled on the H1 first, targeted price approx 1.4526.

wise man

out befor the 200 safe than sorry L4 is next after we take the 200 on h1
  • #229,442
  • Jun 2, 2010 9:12am Jun 2, 2010 9:12am
buy @ 1.4568
sl @ +2
tp @ 1.4650
Attached Image (click to enlarge)
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Verily, in every difficulties there is relief
  • #229,443
  • Jun 2, 2010 9:14am Jun 2, 2010 9:14am
Quoting kill56
TP hit
Hi kill,

What was your reasons to took that entry at that price? I'm just learning Camarilla these days.

Thanks...
  • #229,444
  • Edited 9:47am Jun 2, 2010 9:37am | Edited 9:47am
Quoting a2xm
Hi kill,

What was your reasons to took that entry at that price? I'm just learning Camarilla these days.

Thanks...
hi i took that position from 14678 if u look at the 15m chart u will see that ema 10 crossed the ema 20 then 20 crossed 50ema thats when i took mine it was a conformation for me when 20 crossed the 50 all that happend while we are below H3 after we did break and came down according to cam's rules we must visit L3 and we did my TP was on L3

If the price moves thru the 3 level (H3 or L3) (even if it doesn't continue to the 4 level) which it did on Friday twice at some point during the trading session it will complete the journey back to the 4 level (H4 or L4). It could move all the way back to the other side of the open and even all the way to the other 1-3 level and come back. It did this on Friday. So from their months of experience they call this the 'near guaranteed' trade. If the price moves THRU (not just touch and bounce off) the 3 level most of the time you won't be disappointed to find that it will continue at some point to the 4 level.

They don't say that a bounce off of a 3 level will be a 'near guaranteed' trade back to the open or to the other 3 level (like everyone is saying on the cams and the programmed templates indicate) and they don't say that a breakthru of a 4 level will be a 'near guaranteed' trade on to the 5 level.
Attached Image (click to enlarge)
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  • #229,445
  • Jun 2, 2010 9:43am Jun 2, 2010 9:43am
Quoting primzvicious
buy @ 1.4568
sl @ +2
tp @ 1.4650
stopped out
Verily, in every difficulties there is relief
  • #229,446
  • Jun 2, 2010 9:49am Jun 2, 2010 9:49am
Quoting primzvicious
stopped out

sorry for that

man let the market come to u dont chase it
  • #229,447
  • Jun 2, 2010 9:55am Jun 2, 2010 9:55am
Quoting primzvicious
stopped out
bit unlucky there buddy sorry.
price on the ltf sure looks like turning back up ard this level. let's see
Thank You
  • #229,448
  • Jun 2, 2010 10:00am Jun 2, 2010 10:00am
this indi from a freind of mine and i think it dos work on all TF's plz give it a try i know some of u did plz share info with the room i hope it dos help u
Attached Image (click to enlarge)
Click to Enlarge Name: h4 cable.gif Size: 19 KB
Attached File(s)
File Type: mq4 kill A-T-L.mq4   16 KB | 221 downloads
  • #229,449
  • Jun 2, 2010 10:01am Jun 2, 2010 10:01am
Quoting wormboy
bit unlucky there buddy sorry.
price on the ltf sure looks like turning back up ard this level. let's see

I am looking at a reversal here too. Just had a lovely hard bounce of the 25 on H4, but I am going to keep my fingers smelling clean for now. We had a lovely run down so now just sit and wait for a confirmed direction. This could just as easily continue to 4493. A move to the upside will get us to 4778. Just letting it consolidate a bit here before we jump back in. Stocking up on beer and adding some air to the lilo. Having patience and waiting for a clear direction is probably the hardest thing to do, especially for the newer traders out there. For those liking ma's a cross of 25/150 on M15 would favour the move to 4493.
  • #229,450
  • Jun 2, 2010 10:05am Jun 2, 2010 10:05am
Quoting cloggie
I am looking at a reversal here too. Just had a lovely hard bounce of the 25 on H4, but I am going to keep my fingers smelling clean for now. We had a lovely run down so now just sit and wait for a confirmed direction. This could just as easily continue to 4493. A move to the upside will get us to 4778. Just letting it consolidate a bit here before we jump back in. Stocking up on beer and adding some air to the lilo. Having patience and waiting for a clear direction is probably the hardest thing to do, expecially for the newer traders out there....
very wise

but i think we will visit lower lows before we retrace
  • #229,451
  • Jun 2, 2010 10:09am Jun 2, 2010 10:09am
Quoting cloggie
I am looking at a reversal here too. Just had a lovely hard bounce of the 25 on H4, but I am going to keep my fingers smelling clean for now. We had a lovely run down so now just sit and wait for a confirmed direction. This could just as easily continue to 4493. A move to the upside will get us to 4778. Just letting it consolidate a bit here before we jump back in. Stocking up on beer and adding some air to the lilo. Having patience and waiting for a clear direction is probably the hardest thing to do, expecially for the newer traders out there....
good stuff clogs.
seems we're looking at the same levels via different ta.
I currently have the m5 triple divergence stopped dead on the quarter pivot level.
Don't carry much weight as opposed to the ones presented on the htf, but it's worth a lookout for nonetheless just if.
If it fails, I have the primary supp H4 level @4496 as the next obvious level. About 3 pips off your level
Thank You
  • #229,452
  • Jun 2, 2010 10:10am Jun 2, 2010 10:10am
thx for wise comment guys...
Verily, in every difficulties there is relief
  • #229,453
  • Jun 2, 2010 10:10am Jun 2, 2010 10:10am
http://forexrainbow.com/files/4xtxb118rgied8p165fa.gif
  • #229,454
  • Jun 2, 2010 10:18am Jun 2, 2010 10:18am
Quoting cloggie
I am looking at a reversal here too. Just had a lovely hard bounce of the 25 on H4, but I am going to keep my fingers smelling clean for now. We had a lovely run down so now just sit and wait for a confirmed direction. This could just as easily continue to 4493. A move to the upside will get us to 4778. Just letting it consolidate a bit here before we jump back in. Stocking up on beer and adding some air to the lilo. Having patience and waiting for a clear direction is probably the hardest thing to do, especially for the newer traders out there....
did you jump in cloggie?
Verily, in every difficulties there is relief
  • #229,455
  • Jun 2, 2010 10:20am Jun 2, 2010 10:20am
update h4
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  • #229,456
  • Jun 2, 2010 10:20am Jun 2, 2010 10:20am
Quoting primzvicious
did you jump in cloggie?

In my book this is not a confirmed reversal, no jumping in anywhere for me. I take my signals of the M15/30 and always look for longer trades, we are still in scalping territory. Good for those looking at 20 pip trades and ones with ample supply of tissuepaper...
  • #229,457
  • Jun 2, 2010 10:24am Jun 2, 2010 10:24am
Quoting cloggie
In my book this is not a confirmed reversal, no jumping in anywhere for me. I take my signals of the M15/30 and always look for longer trades, we are still in scalping territory. Good for those looking at 20 pip trades and ones with ample supply of tissuepaper...
so when it will be confirm its going up or down i mean from where you are looking M15- or 30 closing for confirmation of up or down..what are your points


thanks

Ub
  • #229,458
  • Jun 2, 2010 10:25am Jun 2, 2010 10:25am
Quoting cloggie
In my book this is not a confirmed reversal, no jumping in anywhere for me. I take my signals of the M15/30 and always look for longer trades, we are still in scalping territory. Good for those looking at 20 pip trades and ones with ample supply of tissuepaper...
i stick to my plan.. again with +2 sl
Attached Image (click to enlarge)
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Verily, in every difficulties there is relief
  • #229,459
  • Jun 2, 2010 10:32am Jun 2, 2010 10:32am
Quoting primzvicious
i stick to my plan.. again with +2 sl
out for 40 pips
Verily, in every difficulties there is relief
  • #229,460
  • Jun 2, 2010 10:37am Jun 2, 2010 10:37am
Quoting wormboy
good stuff clogs.
seems we're looking at the same levels via different ta.
I currently have the m5 triple divergence stopped dead on the quarter pivot level.
Don't carry much weight as opposed to the ones presented on the htf, but it's worth a lookout for nonetheless just if.
If it fails, I have the primary supp H4 level @4496 as the next obvious level. About 3 pips off your level
There she goes .. that little divergence played out.
All we need now is a close above 630 to cancel out the lower hi & we might have ourselves a runner.
Thank You
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