Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#232,541
Jun 20, 2010 5:11pm Jun 20, 2010 5:11pm

USD-Bear
Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts

Quoting Naseri13

Disliked

Oh sorry that was my mistake sorry

Ignored

allright gimmee some oil

Don't be a hero. Don't have an ego. Always question yourself

#232,542
Jun 20, 2010 5:12pm Jun 20, 2010 5:12pm

kill56
Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts

Quoting Magix

Disliked

Here's a little lite reading for ya, if you care....

The on going battle has come to a close.

For those that set wagers on another all out war, you have just lost a couple bucks.

The charts always have a story to tell, and we all have the choice to take this information and interpret it in the manner and fashion we see fit....

Ignored

it takes carriage and bravery to make men hats off to both of u
lets get the family together lets do what we are here for learn teach care help

#232,543
Jun 20, 2010 5:21pm Jun 20, 2010 5:21pm

kill56
Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts

salam hi alllllllllllllll

i hope u had a great weekend green for this week best of luck to all

cable not bad fiber more sweet lets see how the week will go

#232,544
Jun 20, 2010 5:40pm Jun 20, 2010 5:40pm

Skyhawks
| Joined Dec 2007 | Status: Trader | 122 Posts

anyone think this would be a good time to scalp a long?

I was happy that i was able to catch that little fall there from open

#232,545
Jun 20, 2010 5:55pm Jun 20, 2010 5:55pm

malcolmb14
Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts

great post and the last line cracked me up .... at least you are honest

Quoting slimcat

Disliked

Hi Guys,

My first post on the cable thread!!!

Here's my view on the charts, one chart is from jan 2010 with a box on it, look at the 5 daily candles before the big fall, now look at the last 5 daily candles on the recent chart, they are almost identical.

The price on friday close, finished on top of the 50 ema, but the 20 ema remains underneath, historically from an ma point of view this remains bearish.

Also 1.48 was twice supported for a bounce of over 500 points, so I don't think 1.48 will go so 'easily' now it is resistance.

Cable...

Ignored

Blogging daily now at www.volume.zone

#232,546
Jun 20, 2010 6:02pm Jun 20, 2010 6:02pm

Allseeingeye
| Joined Sep 2009 | Status: Trader | 672 Posts

Sunday, June 20, 2010 16:01:10
*(UK) UK JUN RIGHTMOVE HOUSE PRICE INDEX M/M: 0.3% V 0.7% PRIOR (3-month low); Y/Y: 5.0% V 4.3% PRIOR

#232,547
Jun 20, 2010 6:13pm Jun 20, 2010 6:13pm

direct-trade
| Commercial User | Joined Mar 2009 | 2,480 Posts

Quoting Magix

Disliked

Here's a little lite reading for ya, if you care....

The on going battle has come to a close.

For those that set wagers on another all out war, you have just lost a couple bucks.

The charts always have a story to tell, and we all have the choice to take this information and interpret it in the manner and fashion we see fit. Time frame to time frame, day to day, hour to hour and minute to minute.

Agreeing with somebody will not boost your account, and the market will always offer profit and longevity to those who can stay in the game.

That...

Ignored

As Magix says, we are moving forward.

My apologies to all for the diversion from the goal of this thread, which is to learn and help others, whilst sharing our trading ideas and how we as individuals see the market place.

A good trading week to all

#232,548
Jun 20, 2010 6:24pm Jun 20, 2010 6:24pm

posterboy
| Joined Feb 2010 | Status: Trader | 259 Posts

Magix ''D.T'' Both of you are seniors and good at this forex game i learn a lot from both of you guys though iam still in process.. keep those chrts coming in please ....And please magix i can seem to understan Indicatort usama please its always lagging with MACD could detail how to look at it please sir

Quoting direct-trade

Disliked

As Magix says, we are moving forward.

My apologies to all for the diversion from the goal of this thread, which is to learn and help others, whilst sharing our trading ideas and how we as individuals see the market place.

A good trading week to all

Ignored

We cannot direct the winds but we can adjust our sail.

#232,549
Jun 20, 2010 8:39pm Jun 20, 2010 8:39pm

kill56
Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts

lets see if we pass the ema200 if we do L3 is next

Attached Image (click to enlarge)

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Size: 16 KB

#232,550
Jun 20, 2010 9:07pm Jun 20, 2010 9:07pm

Honored
| Joined Dec 2009 | Status: Trader | 597 Posts

Quoting kill56

Disliked

lets see if we pass the ema200 if we do L3 is next

Ignored

It held it good. thats our support. we should reach 1.4950 today. thats my target.

#232,551
Jun 20, 2010 9:19pm Jun 20, 2010 9:19pm

Magix
Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts

Quoting posterboy

Disliked

And please magix i can seem to understan Indicatort usama please its always lagging with MACD could detail how to look at it please sir

Ignored

I am not sure what you are asking here, if you clarify, I would be glad to help out.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!

#232,552
Jun 20, 2010 9:20pm Jun 20, 2010 9:20pm

malcolmb14
Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts

Quoting kill56

Disliked

lets see if we pass the ema200 if we do L3 is next

Ignored

1.4800 may have been lod .. check my post in my vsa thread

Blogging daily now at www.volume.zone

#232,553
Jun 20, 2010 9:25pm Jun 20, 2010 9:25pm

posterboy
| Joined Feb 2010 | Status: Trader | 259 Posts

I use ema's 14' 24' 50' 100' 200 and macd as my main indicator..learning about Usama but what i see is always lagging behind could you send one of Your chatrs ema's''macd with usama included so i can better understand what you see and may a learn from it use as demo

Thanks

We cannot direct the winds but we can adjust our sail.

#232,554
Jun 20, 2010 9:26pm Jun 20, 2010 9:26pm

pivotrader
| Joined Mar 2010 | Status: Trader | 63 Posts

Does anybody see 1.48 as our concrete floor of support and eying 1.51 by end of UK session?

#232,555
Jun 20, 2010 9:42pm Jun 20, 2010 9:42pm

pivotrader
| Joined Mar 2010 | Status: Trader | 63 Posts

let me ask this:
I have USD-CNY in my oanda as a tradable pair. it seems like a short for this pair is a good idea. anybody have thoughts to share on this?

#232,556
Edited 10:31pm Jun 20, 2010 9:58pm | Edited 10:31pm

mdiz2
| Joined Apr 2010 | Status: Trader | 872 Posts

Quoting posterboy

Disliked

I use ema's 14' 24' 50' 100' 200 and macd as my main indicator..learning about Usama but what i see is always lagging behind could you send one of Your chatrs ema's''macd with usama included so i can better understand what you see and may a learn from it use as demo

Thanks

Ignored

Here's the thread I have been learning Magix's system from.
http://www.forexfactory.com/showthre...208103&page=36

#232,557
Jun 20, 2010 10:03pm Jun 20, 2010 10:03pm

Forextrader4
| Joined Aug 2008 | Status: Trader | 400 Posts

Hi everyone, hope you all had a great weekend. I held my gbp/usd short over the weekends and as expected it hit my stop loss. Not a big deal as it was the only loser trade that took last week. Looking forward to this week for sure. Let's make that moneyyy

#232,558
Jun 20, 2010 11:14pm Jun 20, 2010 11:14pm

Magix
Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts

Quoting posterboy

Disliked

I use ema's 14' 24' 50' 100' 200 and macd as my main indicator..learning about Usama but what i see is always lagging behind could you send one of Your chatrs ema's''macd with usama included so i can better understand what you see and may a learn from it use as demo

Thanks

Ignored

On a similar chart...

200 - Yellow
72 - Green
50 - White dotted
25 - Red

Having a look at the 5m chart posted...
MACD trigger line breaks out of forest on a long chart, as OSMA is negative. These can be early indicators of either a trend reversal, or a pull back. What these can help you do, is find an exit on a good position, or remove a portion of your trade here and carry the rest with a lower placed stop loss.

I have the MACD and OSMA in the examples set to what I consider my trend trigger lines, and will have the same settings applied to all charts for all time frames.

The OSMA works a lot like the MACD, both being oscillators, but the OSMA can on some charts or during lull markets provide a little quicker triggers for me for confirmation and continuation of trends.

Hope this makes some sense to ya.

Attached Image (click to enlarge)