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Cable Update (GBPUSD)

  • #260,281
  • Oct 13, 2010 7:00am Oct 13, 2010 7:00am
Im newbie and i need opinion about my OP
im selling now - do im in right way?
thanks
  • #260,282
  • Oct 13, 2010 7:03am Oct 13, 2010 7:03am
Thats a milion dollar question Even if you are new in forex, you have for sure your trading plan and system.... Stick with it...
Good luck in your trading

Quoting thrishelle
Im newbie and i need opinion about my OP
im selling now - do im in right way?
thanks
  • #260,283
  • Oct 13, 2010 7:06am Oct 13, 2010 7:06am
Quoting scurt
Thats a milion dollar question Even if you are new in forex, you have for sure your trading plan and system.... Stick with it...
Good luck in your trading
thanks my lord :shakehand
  • #260,284
  • Oct 13, 2010 7:08am Oct 13, 2010 7:08am
Quoting thrishelle
Im newbie and i need opinion about my OP
im selling now - do im in right way?
thanks
and keep it simple as it could be....
  • #260,285
  • Oct 13, 2010 7:09am Oct 13, 2010 7:09am
Quoting Mr.Elliott
and keep it simple as it could be....
thanks...my lord
  • #260,286
  • Oct 13, 2010 7:15am Oct 13, 2010 7:15am
I'm in short position from 5853
and my first target is 5780 in daily view
  • #260,287
  • Oct 13, 2010 7:17am Oct 13, 2010 7:17am
Quoting eychenz
I'm in short position from 5853
and my first target is 5780 in daily view
waw great
  • #260,288
  • Oct 13, 2010 7:31am Oct 13, 2010 7:31am
I think gbp grows, because FED gives a 3 trilion usd for banks, and thats money only printer
  • #260,289
  • Oct 13, 2010 7:33am Oct 13, 2010 7:33am
here's something similar. (this one's available free on the web so ok to post here)




Quoting Mr.Elliott
...far on the top left you chart there's an info about the ranges on daily (prevoius and today) is that an indicator...do you mind sharing it with me...thanks in advance.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 21 KB
Attached File(s)
File Type: mq4 SDX v4.mq4   23 KB | 412 downloads
  • #260,290
  • Oct 13, 2010 7:42am Oct 13, 2010 7:42am
I am long in the 388.2% fib target 65pips lets go
  • #260,291
  • Oct 13, 2010 7:44am Oct 13, 2010 7:44am
Very nice bull flag formed. Waiting for it to exit.
  • #260,292
  • Oct 13, 2010 7:48am Oct 13, 2010 7:48am
Quoting Fudomyo
here's something similar. (this one's available free on the web so ok to post here)

thanks buddy ...thanks a million...i guess it the same...as wormie...actually i have all the pivot point indicator and only need the far left on the top...since this one have all in one...i might remove the old one and use this one...thanks a million again...good luck with your trading....green pips for you....

ps:i usually need to go back and forth for the daily info....now i don;t have to...thanks to you...save a bit of my time...
  • #260,293
  • Oct 13, 2010 7:50am Oct 13, 2010 7:50am
Quoting Mr.Elliott
i think i will favour more to the downside, even though the trend looks bullish to me.first daily looks oversold, if it really wanna go up...down first before up...to make some room for daily. eventually we are in a zone which is 1.5910 and 1.5830 and the price could prierce any direction. IMHO it might bounce somewhere around 1.5650 which is about 180pips which is possible....but let see...

and for the big boys....who are viewing this thread...if you're guys manage to close the candle below 1.5860...hell i will short the cable today whether you...
as per my trading plan....entering short @ 1.5840 SL set @1.5900.let see...how it goes....it it goes well...good luck all...and green pips for you all....
  • #260,294
  • Oct 13, 2010 7:55am Oct 13, 2010 7:55am
I'm enjoying the scalping......... +3 +2 + 5 +3 +1 +4 +3 +2 + 5 +3 + 2 all the little ones add up to a bigger one....................eventually
  • #260,295
  • Oct 13, 2010 7:56am Oct 13, 2010 7:56am
Good day to you,

Price entered the chop zone indicated on yesterday's post. We have crossed back up into the bullish zone, based on the decision line of last week. But only just. The decision line here is @ 1.5834. A break below this will run down to 1.5809.

Watch the 1.5800 round number - more importantly - watch 1.5798 ( last week's opening price) - could be strong support. If this level holds as resistance - price may very well run down to test 1.5715 (the monthly open)

A strong block for any move up @ 1.5879/80. No longer term longs must be considered below this level. If this number offers support, we go to the cluster of 1.5916 / 1.5921 ( yesterday's high and September high). If this holds as support - then 1.5955.

Wish you all the best.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.gif Size: 26 KB
  • #260,296
  • Oct 13, 2010 7:58am Oct 13, 2010 7:58am
if any 1H candle closes above 5860 will add some longs...

Quoting scurt
Long_1,5835 SL5816 TP1 1,59, TP2 1,6

reasons:
still above DP
really slow downmove
amost 50% fibo....
100EMA on 15M TF in play


STOPPED AT SL (BE)
  • #260,297
  • Oct 13, 2010 8:09am Oct 13, 2010 8:09am
Quoting Mr.Elliott
thanks buddy ...thanks a million...i guess it the same...as wormie...actually i have all the pivot point indicator and only need the far left on the top...since this one have all in one...i might remove the old one and use this one...thanks a million again...good luck with your trading....green pips for you....

ps:i usually need to go back and forth for the daily info....now i don;t have to...thanks to you...save a bit of my time...

cheers mate.


I agree, simpler is always better...

the sdx is solid and timezone adjustable so you can set the pivots right if your broker time isn't GMT.

either +1 or -1, however many hours away from GMT the chart time is.

I usually check the DPP against the one's posted just to be certain.
http://www.actionforex.com/markets/p...2010040848154/

best of luck to you as well
  • #260,298
  • Oct 13, 2010 8:11am Oct 13, 2010 8:11am
stopped at SL... for today I am out....

Good luck trading to all

Quoting scurt
Long_1,5835 SL5816 TP1 1,59, TP2 1,6

reasons:
still above DP
really slow downmove
amost 50% fibo....
100EMA on 15M TF in play


STOPPED AT SL (BE)
  • #260,299
  • Oct 13, 2010 8:14am Oct 13, 2010 8:14am
Good day,

A different view...

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gu3.gif Size: 24 KB
  • #260,300
  • Oct 13, 2010 8:31am Oct 13, 2010 8:31am
For those who rarely read the 'news items on FF',,,,,,,,,, when you have time do yourselves a favour and at least read this article.

http://www.zerohedge.com/article/101...wn-seconds-qe2
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