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Cable Update (GBPUSD)

  • #231,041
  • Jun 10, 2010 11:44am Jun 10, 2010 11:44am
just go home and so tired...,
today maybe down at 20 or 21 FF time, around 1.472x (maybe), no chart, see you all...,
I will be the number one Manager.
  • #231,042
  • Jun 10, 2010 11:46am Jun 10, 2010 11:46am
Weekly cams are significant areas to respect.
WH4 (1.4669) might be a good area to
turn and retrace back to WH3 (1.4571).

But always as digger1.

Dr. D.
Attached Image
  • #231,043
  • Jun 10, 2010 11:59am Jun 10, 2010 11:59am
Quoting mygoldenpips
hello sir..
got question here..
gu seem stuck at 4675..
in your temp there a line at 4675
4675-H3 short
what is this line?
Those are created by the Cam indicator that is set in the template. Depending on your broker time, is depending on where these lines will show.

I don't have that sell line on my charts, so, might just have the same shift settings for different broker times.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #231,044
  • Jun 10, 2010 12:17pm Jun 10, 2010 12:17pm
Quoting Magix
Those are created by the Cam indicator that is set in the template. Depending on your broker time, is depending on where these lines will show.

I don't have that sell line on my charts, so, might just have the same shift settings for different broker times.

I don't see how 1.4675 could be H3 unless it's old or faulty data.

More than once (and too often ) I've asked digger1 to
comment on the disparity often seen and presented here
with the various cam levels.

Here's his reply:

Yes with all the different broker data they can be quite different ,
You need a broker with lots of volume ( a big broker , fxcm is a one
of the largest ) . My levels with fxcm are accurate week after week
so thats why I use them . To get a uniform level the levels should be
all from the same broker . Fxcm has a metetrader demo but they dont
start the same time so that dont work real good either , so short of
posting the levels from our charts everyday there is no easy cure. Dig


Today... DH4 is at 1.4644
DH3 is at 1.4585

Don't fault the messenger... it might just be the data feed or template.

He/we uses FXCM for data but ENSIGN as charting software.

Dr. D.
  • #231,045
  • Jun 10, 2010 12:44pm Jun 10, 2010 12:44pm
Quoting fourxtrader
I don't see how 1.4675 could be H3 unless it's old or faulty data.

More than once (and too often ) I've asked digger1 to
comment on the disparity often seen and presented here
with the various cam levels.

Here's his reply:

Yes with all the different broker data they can be quite different ,
You...

Make sure your indy calculates them correctly:

Use this

Good for daily, weekly and monthly levels
  • #231,046
  • Jun 10, 2010 12:50pm Jun 10, 2010 12:50pm
yabber dabber dooooo

I caught it !
  • #231,047
  • Jun 10, 2010 12:52pm Jun 10, 2010 12:52pm
Quoting allserene
yabber dabber dooooo

I caught it !

Same here, but then again I posted it 3 hours ago. Was an easy one to trade really.
  • #231,048
  • Jun 10, 2010 12:57pm Jun 10, 2010 12:57pm
Just looking at the 4 hour and 8 hour fibs and noted that the 38.2 retrace on 8 hour and the 61.8% retrace on the 4 hour both land at 1.5022.

Just wondering whether anyone thinks the momentum will continue to that level. Have to say 1.50 is always considered a phschological level and wondering whether we might be on the way up for a test prior to the mini budget in a couple of weeks?
  • #231,049
  • Jun 10, 2010 12:59pm Jun 10, 2010 12:59pm
Quoting OldReigatian
Just looking at the 4 hour and 8 hour fibs and noted that the 38.2 retrace on 8 hour and the 61.8% retrace on the 4 hour both land at 1.5022.

Just wondering whether anyone thinks the momentum will continue to that level. Have to say 1.50 is always considered a phschological level and wondering whether we might be on the way up for a test prior to the mini budget in a couple of weeks?

Let's get past 4740 first
  • #231,050
  • Jun 10, 2010 1:12pm Jun 10, 2010 1:12pm
chart update

http://www.forexfactory.com/showthre...45#post3793345
  • #231,051
  • Jun 10, 2010 1:13pm Jun 10, 2010 1:13pm
http://img195.imageshack.us/img195/6827/betulke.gif ....hi ..i'm new and need help.....did i do it right?
  • #231,052
  • Jun 10, 2010 1:21pm Jun 10, 2010 1:21pm
Quoting cloggie
Let's get past 4740 first
I do not see the pair violating 1.4700 but only,possibly false breakout towards 1.4720 before resumption back to 1.4550 at first,1.4350 before 1.4200 area.1.4700,for me with my simple strategy is a good resistence level both on weekly and monthly chart.
  • #231,053
  • Jun 10, 2010 1:26pm Jun 10, 2010 1:26pm
Quoting goodle
http://img195.imageshack.us/img195/6827/betulke.gif ....hi ..i'm new and need help.....did i do it right?

almost
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Thank You
  • #231,054
  • Jun 10, 2010 1:33pm Jun 10, 2010 1:33pm
Trade Update

http://www.forexfactory.com/showthre...=1#post3793395
  • #231,055
  • Jun 10, 2010 1:40pm Jun 10, 2010 1:40pm
Been saying it for some time now, there is a major reversal on the horizon, Before we know it the price will be traveling on the top side of the 4 hr trend advisor.

Jim
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  • #231,056
  • Jun 10, 2010 1:45pm Jun 10, 2010 1:45pm
Quoting cloggie
Same here, but then again I posted it 3 hours ago. Was an easy one to trade really.
I know - this forex game is getting a bit boring really. Too easy. I need a new challenge. I know, I will be an oil engineer.
  • #231,057
  • Jun 10, 2010 1:46pm Jun 10, 2010 1:46pm
Took the counter & sold @4705 with stop placed @4765. Going for 1:1 return, but will not hesitate to close the trade if price decides to turn before getting to the desired target. And being counter, this trade is taken at much lowered risk.

Okay, later all. Good luck.
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Thank You
  • #231,058
  • Jun 10, 2010 1:54pm Jun 10, 2010 1:54pm
my view
http://www.forexfactory.com/showthre...=1#post3793441
  • #231,059
  • Jun 10, 2010 1:55pm Jun 10, 2010 1:55pm
Nene,

I think you are right, we may well look back at this in 3 months time and think....wow, look how far its gone up. I remember saying to a friend i think we hit a bottom when it was 1.35ish in Jan09, we both watched it going up day by day only to look 3 months down the line and wished we had placed a trade.

I think since hearing about the smelly finger issue, in the future i would more than likely keep it to myself than tell anyone on here.

I hope it reaches 1.4760, thats a key area, lets see what happens from there.

Well done to all who where long from the bottom of the LTL on the Daily chart, if you are still in from there and have a target of 1.4760 or there abouts you could be Master bottom picker...sniff..

Warren
I need to finish something i started
  • #231,060
  • Jun 10, 2010 2:04pm Jun 10, 2010 2:04pm
Quoting wormboy
Took the counter & sold @4705 with stop placed @4765. Going for 1:1 return, but will not hesitate to close the trade if price decides to turn before getting to the desired target. And being counter, this trade is taken at much lowered risk.

Okay, later all. Good luck.

same here..
just enter short with tight SL..
only use 1% off there margin and 20% off today profit
gud luck bro..
may there force be with us...
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