Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#243,901
Aug 6, 2010 8:14am Aug 6, 2010 8:14am

AdrianHNV
| Joined Jul 2010 | Status: Trader | 806 Posts

Way to go.........

Cable... Managed to get out at -21 from my um wrong Long trade and have now been scalping and have gotten back +12 +4 +5 +9 +5 so far so now back in profit

Thanks to all who as always have encouraged and giving good sound advice.

Will now be more careful before placing 'orders' again...

#243,902
Aug 6, 2010 8:17am Aug 6, 2010 8:17am

cloggie
Joined Oct 2009 | Status: Trader | 15,211 Posts

Quoting 4xStar

Disliked

I put a horizontal line across 4 h and 60 min charts .. still see nothing in particular about 5904 ... definitely not prior s/r. 5914-17 looks much more relevant....
??

Ignored

That's because your H4 is different, for those using the proper London times the 1200 London bar of the 2nd is the key, earlier resistance on the move up that was sold of, would still be in play on this test. Couple that with the top of the range that has been in play all week, see several charts I have posted this week showing 59046 on it, and you get the play I posted here.

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#243,903
Aug 6, 2010 8:18am Aug 6, 2010 8:18am

4xStar
| Joined May 2009 | Status: Focus + Patience = Pip$ | 1,513 Posts

Quoting kaspopsicle

Disliked

support @15917 +50 ema on 1 min

Ignored

Yeah I keep seeing that 5917 number on all tfs.

******************* I'd rather make money than be right.

#243,904
Aug 6, 2010 8:21am Aug 6, 2010 8:21am

mouse09
| Joined Mar 2009 | Status: 2009: be patient; 2022: be robot | 102 Posts

right now I think it's better to wait 1.5905
and then buy again

#243,905
Aug 6, 2010 8:25am Aug 6, 2010 8:25am

egkid
Joined Apr 2008 | Status: Trader | 9,414 Posts

I closed my long @ 1.5945
Locked 100 pip

Reason :
1- My Daily Average High
2- Check the chart ABC Pattern

This may view so , GL All

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#243,906
Aug 6, 2010 8:28am Aug 6, 2010 8:28am

4xStar
| Joined May 2009 | Status: Focus + Patience = Pip$ | 1,513 Posts

Quoting cloggie

Disliked

That's because your H4 is different, for those using the proper London times the 1200 London bar of the 2nd is the key, earlier resistance on the move up that was sold of, would still be in play on this test. Couple that with the top of the range that has been in play all week, see several charts I have posted this week showing 59046 on it, and you get the play I posted here.

Ignored

I'll check out your back charts .. I still don't see any particular significance to that number as opposed to a 5913-17 range. However I just realized that one can simulate the correct 4h by checking a one hour chart and marking the candles high & low that would correspond with the London 4 hour .. I will start doing that. Wish MT4 had an option to change offset time....

******************* I'd rather make money than be right.

#243,907
Aug 6, 2010 8:29am Aug 6, 2010 8:29am

chitindu
| Joined Jul 2010 | Status: Trader | 58 Posts

hi cloggie, 30 mins and 1 hr TF shows a hammer, does it signify we are still in continuance with down retracement

#243,908
Aug 6, 2010 8:30am Aug 6, 2010 8:30am

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

Quoting cloggie

Disliked

That's because your H4 is different, for those using the proper London times the 1200 London bar of the 2nd is the key, earlier resistance on the move up that was sold of, would still be in play on this test. Couple that with the top of the range that has been in play all week, see several charts I have posted this week showing 59046 on it, and you get the play I posted here.

Ignored

If you draw the trend lines off of a line chart the candle times shouldn't make a difference because it is just showing price movement. Is that correct?

#243,909
Aug 6, 2010 8:30am Aug 6, 2010 8:30am

kaspopsicle
| Membership Revoked | Joined Mar 2010 | 3,853 Posts

Quoting 4xStar

Disliked

Yeah I keep seeing that 5917 number on all tfs.

Ignored

i drew it in yesterday.. trying to find where i got it from.lol. had also drawn in 15903 and 15912 wich helped me upwards earlier

All systems of divination, like music itself,work through patterns.

#243,910
Aug 6, 2010 8:31am Aug 6, 2010 8:31am

Phate
| Joined Jul 2010 | Status: Trader | 18 Posts

Quoting cloggie

Disliked

That's because your H4 is different, for those using the proper London times the 1200 London bar of the 2nd is the key, earlier resistance on the move up that was sold of, would still be in play on this test. Couple that with the top of the range that has been in play all week, see several charts I have posted this week showing 59046 on it, and you get the play I posted here.

Ignored

hmm.. same as 4xStar. i am seeing 17 as well..
now my range box is like this

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#243,911
Aug 6, 2010 8:34am Aug 6, 2010 8:34am

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

Quoting 4xStar

Disliked

I'll check out your back charts .. I still don't see any particular significance to that number as opposed to a 5913-17 range. However I just realized that one can simulate the correct 4h by checking a one hour chart and marking the candles high & low that would correspond with the London 4 hour .. I will start doing that. Wish MT4 had an option to change offset time....

Ignored

I got this indicator somwhere and I believe you can adjust time frames with it. I have not tried it myself.

Attached File(s)

Period_Converter_Opt.mq4 15 KB | 277 downloads

#243,912
Aug 6, 2010 8:35am Aug 6, 2010 8:35am

PipGrabber
| Joined Jul 2010 | Status: Good things come to those who wait | 36 Posts

Quoting cloggie

Disliked

Does anybody here know how to pull a historical chart of MT4, so if I want a chart showing just the bars up to 0800 on last Tuesday without showing the rest of the week, how do I go about that?

I have asked the same question on Platform Tech.

Ignored

Not sure if this is what you want, but try:

Tools->History Center-> Select the currency and time frame then select the dates you don't want and hit the Delete button.

#243,913
Aug 6, 2010 8:40am Aug 6, 2010 8:40am

kaspopsicle
| Membership Revoked | Joined Mar 2010 | 3,853 Posts

Quoting Phate

Disliked

hmm.. same as 4xStar. i am seeing 17 as well..
now my range box is like this

Ignored

Thanks Phate ..i cant get my charts to do boxes so i draw lines ..good to see it so clearly

All systems of divination, like music itself,work through patterns.

#243,914
Aug 6, 2010 8:43am Aug 6, 2010 8:43am

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

Quoting USD-Bear

Disliked

What a beautiful day!
Closed half of my 1.518 longs @ 1.5430
Remainder SL @ BE and Limit @ 157.48 whatever it reaches first....

See you boys and girls in a few weeks, happy pipping.......

Ignored

Hi boys and girls....
Back from holiday, all longs closed....

Looks like I have a lot of reading to do

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

#243,915
Aug 6, 2010 8:43am Aug 6, 2010 8:43am

4xStar
| Joined May 2009 | Status: Focus + Patience = Pip$ | 1,513 Posts

Quoting mdiz2

Disliked

I got this indicator somwhere and I believe you can adjust time frames with it. I have not tried it myself.

Ignored

Thanks .. I will give it a try.

******************* I'd rather make money than be right.

#243,916
Aug 6, 2010 8:44am Aug 6, 2010 8:44am

bbmac
Joined Jul 2007 | Status: Trader | 5,392 Posts

Price pulls back off the 5950 supply and finds support at the previous 1hr swing hi zone x 2 = prev resistance = potential rbs confluence of the 23.6% of the 5818 - today's current Hi fib. 1min leads the way with a hidden divergence play...

Will it go on to a new 5min + trend Hi above current i/day Hi ? Mni describe area up to the week's current Hi as 'key resistance'

G/L

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