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Cable Update (GBPUSD)

  • #256,381
  • Sep 28, 2010 1:56am Sep 28, 2010 1:56am
salam hi alll

nice PA in franky lets see what london will do dixy is hor;;;y

is 15740's next time will tell best of luck enjoy the ride
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  • #256,382
  • Sep 28, 2010 1:57am Sep 28, 2010 1:57am
Quoting master4forex
Does anyone agree cable may go down to 1.5640 area? or will continue bullish?
I agree, either is possible, but as no one knows what will happen next, it is only our respective trading edges that may tell us which is more probable, if it sets-up...

G/L
ex member
  • #256,383
  • Sep 28, 2010 1:58am Sep 28, 2010 1:58am
Quoting javapips
You looks so smart Sir..,please teach me how to trade forex...

me i am just a crackforex head how are u hope u are doing great
  • #256,384
  • Sep 28, 2010 2:01am Sep 28, 2010 2:01am
wassalamu alaikum ....



Quoting kill56
salam hi alll

nice PA in franky lets see what london will do dixy is hor;;;y

is 15740's next time will tell best of luck enjoy the ride
not euphoria follower
  • #256,385
  • Sep 28, 2010 2:09am Sep 28, 2010 2:09am
hehehehehe master ask the question.... how master u are ?

Quoting master4forex
Does anyone agree cable may go down to 1.5640 area? or will continue bullish?
not euphoria follower
  • #256,386
  • Sep 28, 2010 2:14am Sep 28, 2010 2:14am
At the beginning of the week, the Pound fell to test the 1.55 support line before rising. After a struggle with 1.5650 and with 1.5720 the Pound made a late breakout, but bounced off the 1.5833 line.


GBP/USD is now capped by 15833 that supported the pair before it dropped at the beginning of the year and later worked as resistance. It also supported the pair in August. Above, August’s peak at 1.60 serves as the next strong resistance.


Higher, 1.6080 works as the next resistance line, after working as support in January. Above, 1.6270 supported the pair back in 2009 and later worked as resistance. The last resistance line for now is 1.6450, a swing high in January.


Looking down, 1.5720, which accompanies the pair for a long time, now turns into a support line. Below, 1.5650 also switches its role back to support.
1.55 worked in both directions during August and September and serves as the next support line. Below, 1.5350 proved was a strong support line recently, and also many months ago. It’s the next line of support.


Below, 1.5230 resisted the Pound’s rise in July, and now works as support. It’s followed by 1.5220, which supported the pair in July as well.
  • #256,387
  • Sep 28, 2010 2:14am Sep 28, 2010 2:14am
how is your SL. hope she is fine ...


Quoting scurt
Long 5790, SL 5782, 1tp5860



previous chart I posted:
not euphoria follower
  • #256,388
  • Sep 28, 2010 2:14am Sep 28, 2010 2:14am
Quoting kill56
me i am just a crackforex head how are u hope u are doing great
few month didn't touch forex and now i almost forget how to make money in here... i should study again...
, well, it's make me realize how important a forex journal is...
good luck for you kill..
I will be the number one Manager.
  • #256,389
  • Sep 28, 2010 2:17am Sep 28, 2010 2:17am
Quoting javapips
few month didn't touch forex and now i almost forget how to make money in here... i should study again...
, well, it's make me realize how important a forex journal is...
good luck for you kill..

it will come back to u u are a smart lady
  • #256,390
  • Sep 28, 2010 2:22am Sep 28, 2010 2:22am
stopped at SL, so minus 8pips... but RRR was very good...

Quoting iqyu5an
how is your SL. hope she is fine ...
  • #256,391
  • Sep 28, 2010 2:23am Sep 28, 2010 2:23am
USDCAD is at a well respected resistance line in previous trading sessions.
Think this will have any affect if its not able to break through?
Might slow down the dollar a bit
  • #256,392
  • Sep 28, 2010 2:24am Sep 28, 2010 2:24am
Quoting master4forex
At the beginning of the week,

Good copy and paste from forexcrunch.com

Shows you really know your copy and paste
  • #256,393
  • Sep 28, 2010 2:25am Sep 28, 2010 2:25am
Quoting scurt
stopped at SL, so minus 8pips... but RRR was very good...
are u use the rsi paint indicator ??? RRR seems that you learn from the youlearnforex, am i right??
  • #256,394
  • Sep 28, 2010 2:25am Sep 28, 2010 2:25am
cable dips below yesterday's low following the pullback off 5866 y/day's hi. 38.2% 5640-5866 with 23.6% 5296-5866 cushions fall so far.

G/L
ex member
  • #256,395
  • Sep 28, 2010 2:27am Sep 28, 2010 2:27am
No, I don`t use, and youlearnforex dont know... I am using S/R, TL, FIBO, PA and candles setups for enter trade... I am looking for good RRR so I am able to be 50% on the wrong side and still make money...


Quoting dashboard
are u use the rsi paint indicator ??? RRR seems that you learn from the youlearnforex, am i right??
  • #256,396
  • Sep 28, 2010 2:29am Sep 28, 2010 2:29am
Quoting pawpaw1000
Yep, you're right cloggs... But really did think we were breaking range yesterday but got faked!

have lately started being more impatient than usual... Pisses me off!

Will work on it, but like you say, it's hard when you only get a couple of hours per day...
Hey PawPaw. Hope it's all good that side.
Have you considered higher TF's? Since you only have a few hours to trade, that might be the way to go. It's much less stressful and frustrating, coz you won't get caught out on the small fakes.

Just trying to help and give advise. I'm not here to tell you to change anything. I work full time and can't always manage and concentrate on my trades, even though I use metatrader mobile.

Since I moved up to Higher TF's I've been much more relaxed and I've been making better decisions which led to profits.

Best of luck.
  • #256,397
  • Sep 28, 2010 2:30am Sep 28, 2010 2:30am
Quoting bbmac
cable dips below yesterday's low following the pullback off 5866 y/day's hi. 38.2% 5640-5866 with 23.6% 5296-5866 cushions fall so far.

G/L

the rejection through the top (spike) yesterday isnt quite big enough..on the dailly..its very tough to short this..as theres a lot of weekly support lying below
  • #256,398
  • Sep 28, 2010 2:33am Sep 28, 2010 2:33am
Quoting PiptheRipper
Hey PawPaw. Hope it's all good that side.
Have you considered higher TF's? Since you only have a few hours to trade, that might be the way to go. It's much less stressful and frustrating, coz you won't get caught out on the small fakes.

Just trying to help and give advise. I'm not here to tell you to change anything. I work full time and can't always manage and concentrate on my trades, even though I use metatrader mobile.

Since I moved up to Higher TF's I've been much more relaxed and I've been making better decisions which led to profits.

Best...
its stress free trading..and u see what what matters
  • #256,399
  • Sep 28, 2010 2:38am Sep 28, 2010 2:38am
Quoting nAVIN2007
the rejection through the top (spike) yesterday isnt quite big enough..on the dailly..its very tough to short this..as theres a lot of weekly support lying below

Hi Nav, Hope u r well and doing ok.

Around abouts that previous 1hr/4hr swing hi (= previous resistance=potential rbs) zone below current price I have a 6 fib cluster between 5741-27...fibs of 1hr/4hr swings up to current 5866 Hi.

G/L
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ex member
  • #256,400
  • Sep 28, 2010 2:39am Sep 28, 2010 2:39am
Hello guys

any idea about current account data...

this might change the course of the day..

happy pipin
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