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Cable Update (GBPUSD)

  • #251,721
  • Sep 8, 2010 3:51pm Sep 8, 2010 3:51pm
Quoting pawpaw1000
Here you go... Looks like we have broken my channel but got a nice h4 pinbar and so looks like we might go back into channel!
Lets see how this goes before NY open...
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  • #251,722
  • Sep 8, 2010 3:54pm Sep 8, 2010 3:54pm
Quoting __UnknowN__
Lets see how this goes before NY open...
Lets hope the Asians push that thing off the cliff. lol
Our beliefs are based on logic and the pursuit of clearity.
  • #251,723
  • Sep 8, 2010 3:56pm Sep 8, 2010 3:56pm
Quoting kill56
great advice from the wise man

whats up mangoooooooooooooo
All good in the hood here Killer!

How goes the battle with yourself my friend?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #251,724
  • Sep 8, 2010 3:58pm Sep 8, 2010 3:58pm
Quoting Gbp/usd
I agree. However don't be fooled into placing a buy anytime soon. The 4H reveals what's about to go down... Friday could breach 1.5300!
There is still a little area at the top that was played out to the long side after London trading closed...The failure to hold the 200EMA on the H4 doesn't mean it's going to go down, just that it could....

We have still closed, by my books in a positive lite on the day, and I am willing to hold onto a couple longs here.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #251,725
  • Sep 8, 2010 3:59pm Sep 8, 2010 3:59pm
Quoting Gbp/usd
Lets hope the Asians push that thing off the cliff. lol

My charts dont make me look like a complete n00b do they?? lol
  • #251,726
  • Sep 8, 2010 4:04pm Sep 8, 2010 4:04pm
Here's what I got for support.

5m and daily pivot.

Bullish engulfing day.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #251,727
  • Sep 8, 2010 4:05pm Sep 8, 2010 4:05pm
Quoting Fudomyo
I use the TS RealTime feed, but you can use 3rd party as well. I don't remember the breakout for price exactly because I have a few things bundled, but the CBOT full access is about $60 USD a month.
Thanks...will look into it...
Have a good one!
Hear the music before the song is over ...
  • #251,728
  • Sep 8, 2010 4:05pm Sep 8, 2010 4:05pm
Quoting __UnknowN__
My charts dont make me look like a complete n00b do they?? lol
The only opinion that matters here should be yours.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #251,729
  • Sep 8, 2010 4:16pm Sep 8, 2010 4:16pm
Here is GBP/CHF

Nice break on the daily
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  • #251,730
  • Sep 8, 2010 4:27pm Sep 8, 2010 4:27pm
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Red
  • #251,731
  • Sep 8, 2010 4:31pm Sep 8, 2010 4:31pm
Quoting Magix
All good in the hood here Killer!

How goes the battle with yourself my friend?

all great enjoying the ride the darn 200 is amazing
  • #251,732
  • Edited 10:51pm Sep 8, 2010 7:28pm | Edited 10:51pm
Quoting GlobalMacro
Thanks...will look into it...
Have a good one!
cheers mate

you may want to look into the Eurex or ICE Europe feed as well for Europe session futures charting.

TS is a decent charting package. The main advantages for me (besides a real data feed that tracks price properly) is it has natural time or session time for intraday, custom TFs, and some other solid technical tools.

here's a screenshot of a TS 377 Tick OHLC and a Session Time 480M. very nice for ploting SD levels.
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  • #251,733
  • Sep 8, 2010 8:13pm Sep 8, 2010 8:13pm
Does anyone look for entry on a 5min and then trigger on a 15min for price on formation? Thats ofcourse taking the Risk/Reward into consideration.
  • #251,734
  • Sep 8, 2010 9:05pm Sep 8, 2010 9:05pm
Quoting Magix
As you spend some time walking the halls here at the Forex Factory, have an idea of what you are reading and where it is coming from. Take the trades based on what you see on your charts, not what guys like this post. IF for some reason you are unsure, sit back and relax. Maybe you aren't making any money, but you aren't losing any either.

Take the time. Watch for what seems right. Commit some time to your understanding of the markets. After that, it doesn't hurt to ask a few questions from the nice folk here and when you...
Excellent.
You will know you are a trader .. and can graduate to more than a micro account .. when you check in here, read all the latest posts & then take your trade based on what YOUR charts tell you. Now, those charts have been put together based on days, weeks or maybe months of learning from the posts in here .. but at some point, they will be YOUR charts and no matter what anyone else says, you will trust them .. and most of the time, you'll be right.
******************* I'd rather make money than be right.
  • #251,735
  • Sep 8, 2010 9:07pm Sep 8, 2010 9:07pm
what do you think
just for follow up
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  • #251,736
  • Sep 8, 2010 9:39pm Sep 8, 2010 9:39pm
Good day to you all,

Herwith some notes:

Price currently sitting on the 50% line of last week, coming in at 1.5448. Watch 1.5428 very closely. This will be the area for bounce back or break lower. Let's look at the 2 scenarios...

Should 1.5448 / 1.5450 become resistance, price moves to 1.5428 - if this breaks and becomes further resistance, we move lower and come back to close the day in the 1.5402 / 1.5406 area.

Should 1.5450 hold as support, price will have to chop through 1.5461 to 1.5468 area. Next tough level 1.5483. If this becomes support, we go to 1.5577 as the daily close.

So - short below 1.5428 ( if it holds as resistance)
Long above 1.5483 ( if it holds as support)

Inbetween these numbers - chop, chop

Trade well

Regards
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  • #251,737
  • Sep 8, 2010 10:00pm Sep 8, 2010 10:00pm
60 looks flaggish . If price breaks 1.5500 then todays upper target 1.5600 ( assuming london open is in 1.5480 area)

there are some odd thing going on in US markets right now that have me very confused and for fx i typically take my lead form us indexes and 30 year bonds






Quoting TauTrader
Good day to you all,

Herwith some notes:

Price currently sitting on the 50% line of last week, coming in at 1.5448. Watch 1.5428 very closely. This will be the area for bounce back or break lower. Let's look at the 2 scenarios...

Should 1.5448 / 1.5450 become resistance, price moves to 1.5428 - if this breaks and becomes further resistance, we move lower and come back to close the day in the 1.5402 / 1.5406 area.

Should 1.5450 hold as support, price will have to chop through 1.5461 to 1.5468 area. Next tough level 1.5483. If this becomes...
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Blogging daily now at www.volume.zone
  • #251,738
  • Sep 8, 2010 10:13pm Sep 8, 2010 10:13pm
If anybody is interested, ucad has a bullish gartley at 15min tf started 1300 est yesterday. Already took off and reach 1.27 FE of the pattern.
  • #251,739
  • Sep 8, 2010 10:36pm Sep 8, 2010 10:36pm
Quoting malcolmb14
60 looks flaggish . If price breaks 1.5500 then todays upper target 1.5600 ( assuming london open is in 1.5480 area)

there are some odd thing going on in US markets right now that have me very confused and for fx i typically take my lead form us indexes and 30 year bonds
Good day to you,

Fully agree with you on the 1.5460 level. This is the exact centre line as well on the weekly Gann angle lines I have. The weeks decision line between Bullishness/ Bearishness.

Daily open @ 1.5468.

Therefor the 2 numbers quoted - 1.5461 to 1.5468. If we look 2 weeks back, the 1.5511 is also of importance to watch, as this could be a "final" sort term S/R level to get to the 1.5575/1.5577 close - should that be ones trade plan.

Wish you success!

Regards
  • #251,740
  • Sep 8, 2010 10:41pm Sep 8, 2010 10:41pm
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Good one TT, my 2 cents, chart below suggests false breakouts which was expected...could this be a false breakout and we go back in range as we closed the day within the range, who knows...seems bullish though but surprise considering BOE wouldn't be raising rates soon so why buy..hmm

ta
ams



Quoting TauTrader
Good day to you,

Fully agree with you on the 1.5460 level. This is the exact centre line as well on the weekly Gann angle lines I have. The weeks decision line between Bullishness/ Bearishness.

Daily open @ 1.5468.

Therefor the 2 numbers quoted - 1.5461 to 1.5468. If we look 2 weeks back, the 1.5511 is also of importance to watch, as this could be a "final" sort term S/R level to get to the 1.5575/1.5577 close - should that be ones trade plan.

Wish you success!

Regards
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