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Cable Update (GBPUSD)

  • #239,161
  • Jul 19, 2010 6:53am Jul 19, 2010 6:53am
Quoting damonl
Yeah.. I think this factor is like the green spaces on the roulette wheel. Different brokers, different feeds. ACM is bearish all the way, and my feed looks like FXCM's feed.
LOL! There is only one green space on the roulette wheel and it has got a big fat 0 on it! But you're not far off with the analogy that the candlesticks on h4 tf differ between brokers and using them on this tf is like roulette... russian roulette
  • #239,162
  • Jul 19, 2010 6:55am Jul 19, 2010 6:55am
Quoting bbakker
I have a problem with candlestick patterns on the h4 tf as follows -

ACM shows the Bullish engulfing as you pointed out -

Attachment


FXCM shows a big wick candlestick and a small candlestick for the last two h4 candlesticks

Attachment


Windsor shows a spinning top and a hammer-type candlestick for the last two h4 candlesticks

Attachment


Now which broker should I use for my h4 candlestick patterns? In order for me to see the same candlesticks on h4 as you are, I should only use ACM for h4...
I use the NY close .. for price action trading... have read some articles which recommend that.
FXDD
FXPRO
FXLITE
(might be many more ... check for timeframe GMT+3)

another option is GMT close (GMT+0)
IBFX broker
  • #239,163
  • Jul 19, 2010 6:56am Jul 19, 2010 6:56am
Quoting forexlion
http://www.youtube.com/watch?v=GxxsP7VWVN8
  • #239,164
  • Jul 19, 2010 6:59am Jul 19, 2010 6:59am
Quoting bbakker
LOL! There is only one green space on the roulette wheel and it has got a big fat 0 on it! But you're not far off with the analogy that the candlesticks on h4 tf differ between brokers and using them on this tf is like roulette... russian roulette
Hahahaha.. I guess I played my roulette experience card with that post.. lol

I thought there was 2
"Keep your eyes on the helpers" - Mr. Rogers
  • #239,165
  • Jul 19, 2010 7:00am Jul 19, 2010 7:00am
Neg divergence on Mom and MacD....break of trend line???
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  • #239,166
  • Jul 19, 2010 7:03am Jul 19, 2010 7:03am
MB trading shows a clear bearish engulfing candle.
Attached Image
  • #239,167
  • Jul 19, 2010 7:05am Jul 19, 2010 7:05am
Quoting damonl
Hahahaha.. I guess I played my roulette experience card with that post.. lol

I thought there was 2
Actually, some roulette tables also do have the 00 as well as a 0, so that would make 2! I know that in UK casinos and Europe only have the one 0, if my memory serves me well as it has been a long while since I have been in a casino and with the onset of alzheimers, I can barely remember my own name...just kidding on the last bit!

So you're actually not wrong when you thought there were 2. I thought when you said spaces, you meant a green space between each number.
  • #239,168
  • Jul 19, 2010 7:06am Jul 19, 2010 7:06am
Short @ 1.5282
TP1: 1.524
SL @ 1.5305

M15:
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Don't be a hero. Don't have an ego. Always question yourself
  • #239,169
  • Jul 19, 2010 7:10am Jul 19, 2010 7:10am
Quoting mdiz2
MB trading shows a clear bearish engulfing candle.
Not a perfect bearish engulfing... but not far off.

http://www.investopedia.com/terms/b/...engulfingp.asp

One broker has bullish engulfing and the other shows bearish engulfing. Fook it, I will buy and sell
  • #239,170
  • Jul 19, 2010 7:13am Jul 19, 2010 7:13am
Quoting StarChild
Neg divergence on Mom and MacD....break of trend line???
Wrong thread with this chart. You need to post here http://www.forexfactory.com/showthread.php?t=185027

Sorry, I couldn't resist...

Good luck with your trading and peace out
  • #239,171
  • Jul 19, 2010 7:14am Jul 19, 2010 7:14am
wormboy and forexlion..are shorting too?

or still wait for comfirmation?
  • #239,172
  • Jul 19, 2010 7:17am Jul 19, 2010 7:17am
This is what ain't letting the pound go eithr way...I have my eyes in this PA and EU.
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  • #239,173
  • Jul 19, 2010 7:18am Jul 19, 2010 7:18am
BOOOOO!
Quoting bbakker
Wrong thread with this chart. You need to post here http://www.forexfactory.com/showthread.php?t=185027

Sorry, I couldn't resist...

Good luck with your trading and peace out
  • #239,174
  • Jul 19, 2010 7:19am Jul 19, 2010 7:19am
Quoting bbakker
Not a perfect bearish engulfing... but not far off.

http://www.investopedia.com/terms/b/...engulfingp.asp

One broker has bullish engulfing and the other shows bearish engulfing. Fook it, I will buy and sell
That is a engulfing pattern you will find in stocks. According to Steve Nisson there won't be the difference betrween close and open price because the forex makret is ongoing and there generally are no gaps except on sunday... All the same I sold and will see what happens. Set trade to B/E.
  • #239,175
  • Jul 19, 2010 7:21am Jul 19, 2010 7:21am
Quoting StarChild
Neg divergence on Mom and MacD....break of trend line???
how u trade with chart like that...
Revesal Trader
  • #239,176
  • Jul 19, 2010 7:22am Jul 19, 2010 7:22am
Quoting digger1
Well traders , I am still not feeling bullish today yet lol, trying a few shts from my channel top which was also my daily pivot point area , 1st tgt todays rollover price at 1.5271 2n will be channel bottom at 1.5220 area , cheers all Attachment
Have taken most profit at tgt 1 stp is in the money on the remainder of posistion , will c wht developes from here . So far not much of anything lol, cheers all
  • #239,177
  • Jul 19, 2010 7:23am Jul 19, 2010 7:23am
Besides wwe have this fuc**ng black TL currently @ 5260 already tested twice (the one thatlinks previous highs and was broken. Hope it helps.
Now we go to test it again!
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  • #239,178
  • Jul 19, 2010 7:36am Jul 19, 2010 7:36am
http://img835.imageshack.us/img835/3280/62914338.gif

As per calendar

 

  1. with Africa war cable went down
  2. during Afghan war cable shot up on a long 1 hour candle
  3. in Iraq war it started going down
  4. Iran war news comes in 24 minutes, lets see what it does

  • #239,179
  • Jul 19, 2010 7:38am Jul 19, 2010 7:38am
Quoting forexlion

As per calendar

 

  1. with Africa war cable went down
  2. during Afghan war cable shot up on a long 1 hour candle
  3. in Iraq war it started going down
  4. Iran war news comes in 24 minutes, lets see what it does

Got any link??
  • #239,180
  • Jul 19, 2010 7:39am Jul 19, 2010 7:39am
Quoting cloggie
5265 as key, then 5252, 5235, 5205. If the key don't fit the lock, 5320, 5343.
got a couple to tick off there bro
Thank You
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