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Cable Update (GBPUSD)

  • #233,421
  • Jun 23, 2010 2:12pm Jun 23, 2010 2:12pm
Quoting cloggie
If you draw it from that swing low on the 5th, you can see there is a bit more room left. Also draw an inside trendline of that low of the 25th. Now you have the whole picture. Based on those TL's we are looking at 50460
Thanks for and advice, i will look at it
GELORE
  • #233,422
  • Jun 23, 2010 2:13pm Jun 23, 2010 2:13pm
I second that motion. Has been nice to read through your posts.Always giving the positive vibe. Congrats and thanks.
Quoting bbakker
Thank you for sharing your successful strategy to the rest of us on this thread and also showing us screenshots of your actual trades

This is quite refreshing as I haven't come across a trader on here who has posted screenshots of his actual completed trades on a regular basis like you have done in the last two weeks.

For that homie, you can have your 1st vouch, as it seems you are an experienced trader of three years who has his trading plan, sticks to it and makes regular profits.

Keep up your excellent work...
  • #233,423
  • Jun 23, 2010 2:15pm Jun 23, 2010 2:15pm
Good day to you all,

Just a couple of charts to give you an idea of what I see - this is my opinion only - so do with it what you want....

The first chart is the 4hr - with continued higher highs and higher lows, there is no reason to short just yet. Remember, there will be plenty scalping opportunities, but long term, as we sit now -it does not look good for shorting this pair.

The second chart is the Daily-

We may still see a decent retrace over the next couple of days, should the current channels keep position. But this can not be confirmed as yet. Should it be confirmed over the next few days, we may retrace back to the 1.4500 area first.

The last chart is the Monthly -

Here it looks like we are only getting started with an upmove. This move may continue to go to 1.6000 over the next couple of months... or beyond....

Just my humble opinion. No more, no less.

Wish you all success

Regards
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  • #233,424
  • Jun 23, 2010 2:22pm Jun 23, 2010 2:22pm
Quoting musani
Thanks for and advice, i will look at it
Here is how I see it:
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  • #233,425
  • Jun 23, 2010 2:22pm Jun 23, 2010 2:22pm
Quoting Forextrader4
Well i use a few strategies. One of them is based on 1hr and 5min time frame which is the one i will post here.

Chart setup indicators:7ema, 13ema, MACD (12,26,9). Always look for you most recent swing to draw your fibonacci retracement.

For short trades: 7ema needs to be below 13ema on the 1 hour time frame, MACD should be crossed to the downside, wait for the price to retrace to at least 38% or close to it on 1 hour chart. Now you go to your 5mins chart for your entry. Wait until the Macd histogram forms a new blue bar below the zero line...
Thank you for your time. I see you just stick to the basics and I like that. In the vast sea of forex BS you always read about some complicated multi indicator system that seems more designed by the inventor to make him or her feel smart than it is to be a consistant trading plan. I have read so many books like that. I'll try and follow your example and keep it simple.
  • #233,426
  • Jun 23, 2010 2:24pm Jun 23, 2010 2:24pm
Quoting USD-Bear
Long @ 1.49 let's see if it is a scalp or something else.....
added long @ 1.4939 SL for both 1.49
Don't be a hero. Don't have an ego. Always question yourself
  • #233,427
  • Jun 23, 2010 2:25pm Jun 23, 2010 2:25pm
watching the market is better than watching the games it seems like cable and fiber are on the offside going back to the middle line
  • #233,428
  • Jun 23, 2010 2:27pm Jun 23, 2010 2:27pm
Quoting USD-Bear
added long @ 1.4939 SL for both 1.49
think its testing 1.494 [previous resistance] as support now? just trying to learn .... nothing hidden in this question
  • #233,429
  • Jun 23, 2010 2:32pm Jun 23, 2010 2:32pm
Quoting kasper
think its testing 1.494 [previous resistance] as support now? just trying to learn .... nothing hidden in this question
Always difficult for me to explain elements are: 1. Previous top 2. Market psygo 3. very clear bull-flag on EUR/USD 4. growing confiction
Don't be a hero. Don't have an ego. Always question yourself
  • #233,430
  • Jun 23, 2010 2:36pm Jun 23, 2010 2:36pm
Quoting Ineedpips9
I second that motion. Has been nice to read through your posts.Always giving the positive vibe. Congrats and thanks.
try this sir i hope this is the one u are looking for
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 TzPivots.mq4   23 KB | 221 downloads
File Type: mq4 SDX-TzPivots-alerts_test.mq4   35 KB | 278 downloads
  • #233,431
  • Jun 23, 2010 2:44pm Jun 23, 2010 2:44pm
Quoting cloggie
Here is how I see it:
copy
GELORE
  • #233,432
  • Jun 23, 2010 2:45pm Jun 23, 2010 2:45pm
Sweet. Thanks man. First my man Landon D. comes through for us yanks, I catch the nice double-top sherpa on the 1m tf before the home sales news,and now this.All in all a good day. The U/J was nice as well.Seems to only be going one way,slowly but steadily.
Quoting kill56
try this sir i hope this is the one u are looking for
  • #233,433
  • Jun 23, 2010 2:45pm Jun 23, 2010 2:45pm
You welcome everyone, just trying to be helpful and pass sometime here as i'm trading.
  • #233,434
  • Jun 23, 2010 2:51pm Jun 23, 2010 2:51pm
Stop being so bloody nice everyone, lets get another noob in here so we can jump down his neck again.
  • #233,435
  • Jun 23, 2010 2:54pm Jun 23, 2010 2:54pm
stupid vuvuzela
Thank You
  • #233,436
  • Jun 23, 2010 2:55pm Jun 23, 2010 2:55pm
Quoting cloggie
Stop being so bloody nice everyone, lets get another noob in here so we can jump down his neck again.
lmao
  • #233,437
  • Jun 23, 2010 2:56pm Jun 23, 2010 2:56pm
Quoting cloggie
Stop being so bloody nice everyone, lets get another noob in here so we can jump down his neck again.
u need backup
  • #233,438
  • Jun 23, 2010 2:56pm Jun 23, 2010 2:56pm
Quoting Forextrader4
lmao
Do you know I actually have to google those silly acronyms, I have no bloody clue what most of them mean. But don't worry I usually have to read Kill's entire posts three times, he is either very good in double speak or his spell checker has been on the blink for decades.
  • #233,439
  • Jun 23, 2010 2:57pm Jun 23, 2010 2:57pm
Quoting kill56
u need backup

Won't be long, we've had our earlier parade of gullibles, just waiting for the next bus. They always give us some good entertainment just when the market is starting to consolidate.
  • #233,440
  • Jun 23, 2010 3:02pm Jun 23, 2010 3:02pm
Quoting cloggie
Won't be long, we've had our earlier parade of gullibles, just waiting for the next bus.

i like the PA es is under 1090 dow is down i dont know what the fooken fed's wants

even with the spike did not pass 15000's i am going east till london and franky crazy yes i dont mind the 20's and 30's
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