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Cable Update (GBPUSD)

  • #258,221
  • Oct 4, 2010 6:21am Oct 4, 2010 6:21am
Quoting Flo7
Hello there

Could someone tell which time frame should I use for the main direction - I am a day trader and I am getting confused as to which time frame to use - I know I should use 1mn chart for my entry but to get the main direction is a bit tricky.

Thank you in advance

Flo

Decide what is your favoured t/f from which to enter the market, go down by a time factor of 4-5 that is your 'trigger' t/f...and go up by a factor of 4-5 , and that is your 'trend' t/f....for eg 1m-5m-30m or 15m-1hr-4hr t/f combos if less experienced.

G/L
ex member
  • #258,222
  • Oct 4, 2010 6:24am Oct 4, 2010 6:24am
1hr t/f screenshot below shows the further potential upside barriers, price challenging that 76.4% of the 5872-5746 (fri hi-today's current lo)

G/L

http://www.easy-upload.net/fichiers/z.2010104132435.gif
ex member
  • #258,223
  • Oct 4, 2010 6:35am Oct 4, 2010 6:35am
No short except retracement i have r1 and above in view

Quoting iqyu5an
sorry bro , be carefull for your short. But "if there is short".. Watch 5735-5750

temporary ( based on 1 h ), 5765-5775 provide good support at the moment. But time will tell

good luck .....
  • #258,224
  • Oct 4, 2010 6:38am Oct 4, 2010 6:38am
Quoting bbmac
Decide what is your favoured t/f from which to enter the market, go down by a time factor of 4-5 that is your 'trigger' t/f...and go up by a factor of 4-5 , and that is your 'trend' t/f....for eg 1m-5m-30m or 15m-1hr-4hr t/f combos if less experienced.

G/L
Thanks
  • #258,225
  • Oct 4, 2010 6:58am Oct 4, 2010 6:58am
Quoting fendi
No short except retracement i have r1 and above in view
shorting here looking for 157 or lower wave 4. One of us will have to get out & reverse.
  • #258,226
  • Oct 4, 2010 7:19am Oct 4, 2010 7:19am
Shorts b careful. Bulls starting to Hit Depends on 4H TF
Could see impulsively move to up
  • #258,227
  • Oct 4, 2010 7:28am Oct 4, 2010 7:28am
Quoting dag777
good start into the new week,
congrats, dayboy
Quoting AdrianHNV
http://cdn.forexfactory.com/images/s...m/thumbsup.gif

Even I'm managing to close some of my longs from last week now!!!!!
TGhttp://cdn.forexfactory.com/images/s.../yim/happy.gif Getting fed up with the parking charges on themhttp://cdn.forexfactory.com/images/s...im/winking.gif
Cheers guys, was away from PC for lunch, yes going well so far.
  • #258,228
  • Oct 4, 2010 7:33am Oct 4, 2010 7:33am
nice range between WH3 AND WL3 A BREAK NEED up or down in the main while enjoy the ride
Attached Image (click to enlarge)
Click to Enlarge Name: 4h cable.gif Size: 33 KB
  • #258,229
  • Oct 4, 2010 7:35am Oct 4, 2010 7:35am
i feel for u my bro. it happens to all of us, if i get it wrong io adjust, i hope you also adjust fast b4 u blow ur account. I am long until r1 b4 any retracements. retracement down to pivot and follow suit up again......... No serious shorts, i know i am right........


Quoting Allseeingeye
shorting here looking for 157 or lower wave 4. One of us will have to get out & reverse.
  • #258,230
  • Oct 4, 2010 7:43am Oct 4, 2010 7:43am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting samirb
Good day everyone

Gone long at 15753 - 2 position
15755 - 1 position

will add one more if it goes to 15720

Reason : Bullish gartley and 200ema of H1
Good luck
Quoting samirb
Good day..
Added last long at 15774... 4 position now.. lets see

Good luck with your trades
Good day everyone..
closing all 4 longs here at 15850 for 370 pips

All the best in your trades
  • #258,231
  • Oct 4, 2010 7:46am Oct 4, 2010 7:46am
Quoting samirb
Good day everyone..
closing all 4 longs here at 15850 for 370 pips

All the best in your trades
good job bro well done..when you will short it again

Ub
  • #258,232
  • Oct 4, 2010 7:51am Oct 4, 2010 7:51am
Quoting samirb
Good day everyone..
closing all 4 longs here at 15850 for 370 pips

All the best in your trades
Nice trade samir. If you get a chance would you mind posting a piccy of that Gartley please?...I missed it.

Thanks
  • #258,233
  • Oct 4, 2010 7:56am Oct 4, 2010 7:56am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting Sutts
Nice trade samir. If you get a chance would you mind posting a piccy of that Gartley please?...I missed it.

Thanks
Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: 30min gartley.png Size: 54 KB
  • #258,234
  • Oct 4, 2010 7:57am Oct 4, 2010 7:57am
Quoting samirb
Good day everyone..
closing all 4 longs here at 15850 for 370 pips

All the best in your trades

is that u
  • #258,235
  • Oct 4, 2010 7:59am Oct 4, 2010 7:59am
Quoting samirb
Good luck
Thanks samir.
  • #258,236
  • Oct 4, 2010 7:59am Oct 4, 2010 7:59am
do i smelllll lion azzzz in here or i am wrong
  • #258,237
  • Oct 4, 2010 8:02am Oct 4, 2010 8:02am
Good Job bro ....

i have not closed my long position from 53xx and 54xx and other new long position since last week for total running 1662 pips ( for 9 long position )

i did not see strong signal to close my position, but i wanna close partial around 595x to 599x as my plan



rgds,iqyu

plan:
http://www.forexfactory.com/showpost...&postcount=703


Quoting samirb
Good day everyone..
closing all 4 longs here at 15850 for 370 pips

All the best in your trades
not euphoria follower
  • #258,238
  • Oct 4, 2010 8:05am Oct 4, 2010 8:05am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting iqyu5an
Good Job bro ....

i have not closed my long position from 53xx and 54xx and other new long position since last week for total running 1662 pips ( for 9 long position )

i did not see strong signal to close my position, but i wanna close partial around 595x to 599x as my plan



rgds,iqyu

plan:
http://www.forexfactory.com/showpost...&postcount=703

Good plan for long term.. but i dont see breakout before NFP..
  • #258,239
  • Oct 4, 2010 8:08am Oct 4, 2010 8:08am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting kill56
is that u

Good day bro,

what do you mean ?
  • #258,240
  • Oct 4, 2010 8:11am Oct 4, 2010 8:11am
Quoting samirb
Good day bro,

what do you mean ?

hi bro i thought u are some body i know sorry
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