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Cable Update (GBPUSD)

  • #243,921
  • Aug 6, 2010 8:49am Aug 6, 2010 8:49am
Quoting Phate
hmm.. same as 4xStar. i am seeing 17 as well..
now my range box is like this

You guys keep missing the bigger picture in all of this. Look back on Monday's play, that set the range for the week. 5906 has been key all week, don't get hung up on 5917, or whatever high you can find on a single bar somewhere. Zoom out put up at least 200 bars on your 30 (that covers the full week) and have a look at what major ranges have been in play then 5906 is as clear as day. That one little bar has been the decider the whole week.

Putting up a 200 bar M30 will give you 4 prices that have given you the play for the whole week.
  • #243,922
  • Aug 6, 2010 8:51am Aug 6, 2010 8:51am
Quoting kaspopsicle
using ITFinance.. advanced..( joke with me using them).good for clicking through history but a pain in the but for just about everything else
You can still have MT4 open .. my broker uses another platform to trade and a different one for analysis.. but I have MT4 open (demo) so I am on the same page as most others in here. You can get MT4 from forex.com, alpari, many others .. just download & open a demo acct.
******************* I'd rather make money than be right.
  • #243,923
  • Aug 6, 2010 8:52am Aug 6, 2010 8:52am
Quoting GlobalMacro
Happy Friday everyone...

as expected barrier options containing price in a 100+pip strait since tuesday...

price now saturated within both upper and lower ranges (see chart)...sufficient energy has been accumulated to prepare for a breakout...after a slight bearish tendency on wednesday we're seeing renewed bullish vigor today probing the upper range...

Note that price found support three times at the midline of the broadening top...this should keep the preliminary posture positive going into the numbers...

yup...right...lovely move piercing upper range highs!
Attached Image (click to enlarge)
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Hear the music before the song is over ...
  • #243,924
  • Aug 6, 2010 8:52am Aug 6, 2010 8:52am
Quoting 4xStar
You can still have MT4 open .. my broker uses another platform to trade and a different one for analysis.. but I have MT4 open (demo) so I am on the same page as most others in here. You can get MT4 from forex.com, alpari, many others .. just download & open a demo acct.
As an aside popsicle, do yourself a favour and if you are going to use a MT4 demo for your charting, make sure it aligns with London times, no point selecting a demo that shows Tokyo or New York times when trading Cable. You want your H4 to open at the London open and your day to start at 0000 London time.
  • #243,925
  • Aug 6, 2010 8:55am Aug 6, 2010 8:55am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I still stand to my post...I expect 1605xx before we see any action...people should be sucked into longs for market to tank :-)


ta
ams




Quoting ams
Sorry mate, I meant 1605xx..amended the original post.


ta
ams
  • #243,926
  • Aug 6, 2010 8:57am Aug 6, 2010 8:57am
Quoting ams
I still stand to my post...I expect 1605xx before we see any action...people should be sucked into longs for market to tank :-)


ta
ams

My eye is on 6026 and has been for weeks, what's a few pips among friends.
  • #243,927
  • Aug 6, 2010 8:57am Aug 6, 2010 8:57am
Quoting kaspopsicle
using ITFinance.. advanced..( joke with me using them).good for clicking through history but a pain in the but for just about everything else

I've used them, if you go to the objects tab you should have a rectangle option on there
  • #243,928
  • Aug 6, 2010 8:57am Aug 6, 2010 8:57am
Quoting cloggie
As an aside popsicle, do yourself a favour and if you are going to use a MT4 demo for your charting, make sure it aligns with London times, no point selecting a demo that shows Tokyo or New York times when trading Cable. You want your H4 to open at the London open and your day to start at 0000 London time.
Which Metatrader supplier do you use ?
  • #243,929
  • Aug 6, 2010 8:59am Aug 6, 2010 8:59am
Quoting Dayboy001
Which Metatrader supplier do you use ?

For my charting I use FXCM(UK), I opened a MT4 account just to get the feed it is the only broker that uses the right times for Cable trading that I could find. There may be others out there, I don't know. I don't trade using MT4 though, too slow.
  • #243,930
  • Aug 6, 2010 9:01am Aug 6, 2010 9:01am
Got in on the break of the box.
Attached Image (click to enlarge)
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  • #243,931
  • Aug 6, 2010 9:01am Aug 6, 2010 9:01am
Quoting cloggie
As an aside popsicle, do yourself a favour and if you are going to use a MT4 demo for your charting, make sure it aligns with London times, no point selecting a demo that shows Tokyo or New York times when trading Cable. You want your H4 to open at the London open and your day to start at 0000 London time.
So far I havn't found one that perfectly aligns .. forex.com is 1 hour off and Alpari UK is 1 hour off the other way. Anyone know a MT4 demo broker that aligns with LO?
******************* I'd rather make money than be right.
  • #243,932
  • Aug 6, 2010 9:01am Aug 6, 2010 9:01am
Quoting mdiz2
Got in on the break of the box.

Well done, you are making money that is the only thing that counts. You are staying on the right side of the intraday trend and you no longer try to predict the reversals by making silly trades at what you "think" is the top.
  • #243,933
  • Aug 6, 2010 9:02am Aug 6, 2010 9:02am
Quoting burn
I've used them, if you go to the objects tab you should have a rectangle option on there
O yeh! Thankyou
All systems of divination, like music itself,work through patterns.
  • #243,934
  • Aug 6, 2010 9:03am Aug 6, 2010 9:03am
Quoting 4xStar
So far I havn't found one that perfectly aligns .. forex.com is 1 hour off and Alpari UK is 1 hour off the other way. Anyone know a MT4 demo broker that aligns with LO?

ODL securities (now owned by fxcm) check google for the website, I can't remember it off hand.
ex member
  • #243,935
  • Aug 6, 2010 9:03am Aug 6, 2010 9:03am
Quoting cloggie
For my charting I use FXCM(UK), I opened a MT4 account just to get the feed it is the only broker that uses the right times for Cable trading that I could find. There may be others out there, I don't know. I don't trade using MT4 though, too slow.
I am wondering if you live in US, they feed you different times ..
I will check FXCM UK. Alpari UK does not align.
******************* I'd rather make money than be right.
  • #243,936
  • Aug 6, 2010 9:03am Aug 6, 2010 9:03am
Quoting cloggie
As an aside popsicle, do yourself a favour and if you are going to use a MT4 demo for your charting, make sure it aligns with London times, no point selecting a demo that shows Tokyo or New York times when trading Cable. You want your H4 to open at the London open and your day to start at 0000 London time.
http://forexltd.co.uk/
They are London time...unlimited demo, no expiration.
  • #243,937
  • Aug 6, 2010 9:04am Aug 6, 2010 9:04am
After that big jump to 1.5985 i'm out

just reloaded at 1.5948 quickest 40 pips in history
+ my initial 90 pips

+130 pip day (my demo account is full)

Good day all round

Hope everyone has a good weekend, see you all monday.

P.S. Cloggie thank you, you are starting to help me see light at the end of the tunnel.
  • #243,938
  • Aug 6, 2010 9:05am Aug 6, 2010 9:05am
Out at 75, +60
******************* I'd rather make money than be right.
  • #243,939
  • Aug 6, 2010 9:05am Aug 6, 2010 9:05am
the info I previously posted about those 3 and 4 fib clusters is of course now invalid as price has gone above the 5968 hi to which those fibs were plotted.
ex member
  • #243,940
  • Aug 6, 2010 9:06am Aug 6, 2010 9:06am
Quoting kaspopsicle
O yeh! Thankyou

no worries, I don't know which broker you use but the ones on ig have quite a lot of featues
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