Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#255,761
Sep 24, 2010 7:08am Sep 24, 2010 7:08am

pres78
Joined Sep 2010 | Status: I'm not here... or am I? | 4,000 Posts

Quoting PipChick

Disliked

I use the histogram to find the div,but its really powerful if your MA's are crossing up when the histogram forms hidden divergence. (speaking of long)

Ignored

My stoch is already showing overbought on 1hr but yours is not. What settings do you use?

Are you in a long trade now or looking to possibly enter one at a certain point or waiting to see what news brings?

Today's zone = Tomorrow's opportunity!

#255,762
Sep 24, 2010 7:10am Sep 24, 2010 7:10am

PipChick
| Membership Revoked | Joined Sep 2007 | 4,407 Posts

Quoting pres78

Disliked

My stoch is already showing overbought on 1hr but yours is not. What settings do you use?

Are you in a long trade now or looking to possibly enter one at a certain point or waiting to see what news brings?

Ignored

my stochs are 5,3 and 3 and I will wait for US news as it can change everything.

#255,763
Sep 24, 2010 7:15am Sep 24, 2010 7:15am

Villonius
| Joined Aug 2010 | Status: Trader | 180 Posts

Thanks Pipchick,

Ok so that means there was also Bullish Divergence from the 2200 GMT low yest to the 0700 GMT low this morning as MACD Hist L/L was sloping up but PA had made a lower low.This would partly explain the move up this morning yes ?

Regards

V

#255,764
Sep 24, 2010 7:15am Sep 24, 2010 7:15am

huskyboy
| Joined Sep 2009 | Status: Trader | 1,425 Posts

arent the lower tfs not turning bearish, double top?

#255,765
Sep 24, 2010 7:17am Sep 24, 2010 7:17am

PipChick
| Membership Revoked | Joined Sep 2007 | 4,407 Posts

Quoting Villonius

Disliked

Thanks Pipchick,

Ok so that means there was also Bullish Divergence from the 2200 GMT low yest to the 0700 GMT low this morning as MACD Hist L/L was sloping up but PA had made a lower low.This would partly explain the move up this morning yes ?

Regards

V

Ignored

Correct and the bull HD formed when the 50% fib was reached. perfect entry.
Buy/selling off a fib when Hidden divergences are formed are key but also....watch the DX because unless it is moving also, it can be a fake.

#255,766
Sep 24, 2010 7:18am Sep 24, 2010 7:18am

PipChick
| Membership Revoked | Joined Sep 2007 | 4,407 Posts

Quoting huskyboy

Disliked

arent the lower tfs not turning bearish, double top?

Ignored

There is bull HD on the m5

#255,767
Sep 24, 2010 7:20am Sep 24, 2010 7:20am

ba1ker
Joined Feb 2010 | Status: Inactive | 6,482 Posts

Quoting PipChick

Disliked

my stochs are 5,3 and 3 and I will wait for US news as it can change everything.

Ignored

Being in the market before the news is just a gamble unless you are already in the market with some positive pips!

#255,768
Sep 24, 2010 7:21am Sep 24, 2010 7:21am

PipChick
| Membership Revoked | Joined Sep 2007 | 4,407 Posts

Quoting bbakker

Disliked

Being in the market before the news is just a gamble unless you are already in the market with some positive pips!

Ignored

So true bbakker because we have no way of knowing what the outcome will be.

#255,769
Edited 7:35am Sep 24, 2010 7:23am | Edited 7:35am

Alexbabwa
| Joined Aug 2010 | Status: Trader | 218 Posts

still long from 678, will be holding it through the news with a stop of BE

Edit: Looking good

#255,770
Sep 24, 2010 7:36am Sep 24, 2010 7:36am

Villonius
| Joined Aug 2010 | Status: Trader | 180 Posts

Thanks again for all your advice Pipchick.

I noticed earlier that you recommended 24 EMA rather than 26 which is standard.Is this because you have found it more effective on Cable ?

Finally and I know this is probably a really dumb ?

but what is Bull HD ?

Cheers

V

#255,771
Sep 24, 2010 7:38am Sep 24, 2010 7:38am

scurt
| Joined Jun 2009 | Status: Trader | 622 Posts

1.5750 target hit, 3/4 closed, last 1/4 target is set to 1,582

see ya next week, many pips to all... for today I am done.

Quoting scurt

Disliked

Took partial profit on 5710, SL is now BE

EDIT: also we created new Hhigh and break to 4H candle high5703... hopefully the news will support upmove on cable

Ignored

Quoting scurt

Disliked

I am bullish for cable. target 1.5750, 1.5820, 1,6

1H candle closes above DP
10,20 MA`s supporting the price
created Hhigh, Llow
100 EMA support holds
respect upward TL

Ignored

#255,772
Sep 24, 2010 7:39am Sep 24, 2010 7:39am

Alexbabwa
| Joined Aug 2010 | Status: Trader | 218 Posts

both weekly and monthly R1 is at 787-790. I think i will take half off around 80..

and took half off

#255,773
Sep 24, 2010 7:40am Sep 24, 2010 7:40am

ubaidahsan
| Joined Jun 2007 | Status: Still Learning :) | 1,203 Posts

finally ping pong game is ffinish we have clearly break upside thanks to GOD was waiting for this BS since past 3 days

Ub

#255,774
Sep 24, 2010 7:41am Sep 24, 2010 7:41am

PipChick
| Membership Revoked | Joined Sep 2007 | 4,407 Posts

Price wants the FE 100 (D target)

#255,775
Sep 24, 2010 7:42am Sep 24, 2010 7:42am

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

Quoting egkid

Disliked

Just Comment "
Sellers try to b smart but bulls in control and know what they do"

Ignored

Good girl u make me happy

#255,776
Sep 24, 2010 7:50am Sep 24, 2010 7:50am

huskyboy
| Joined Sep 2009 | Status: Trader | 1,425 Posts

Quoting scurt

Disliked

1.5750 target hit, 3/4 closed, last 1/4 target is set to 1,582

see ya next week, many pips to all... for today I am done.

Ignored

nice trading