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Cable Update (GBPUSD)

  • #264,661
  • Nov 18, 2010 3:00am Nov 18, 2010 3:00am
Quoting bbmac
I wonder how significant the double top on 1hr is ? Time will tell I guess..right now price is testing that previous 1hr swing lo zone around 5885 lo...61.8% fib there too....as asian advance in the pairing all but gone.

G/L
That looks like a bear flag to me. It's right along the support line from May. If it goes it should go ...
Gone to a better place
  • #264,662
  • Nov 18, 2010 3:05am Nov 18, 2010 3:05am
Global Index - 4H

rgds,iqyu
http://www.forexfactory.com/showpost...&postcount=893

Quoting iqyu5an


who knows when earthquake and tsunami will happen bro ?

rgds,iqyu
Attached Image (click to enlarge)
Click to Enlarge Name: global index nov 18 4H.JPG Size: 117 KB
not euphoria follower
  • #264,663
  • Nov 18, 2010 3:10am Nov 18, 2010 3:10am
Quoting iqyu5an
Global Index - 4H

rgds,iqyu
http://www.forexfactory.com/showpost...&postcount=893
iqyu, where do you get the feed for those charts, please?
Gone to a better place
  • #264,664
  • Nov 18, 2010 3:18am Nov 18, 2010 3:18am
try windsor broker bro.

mt4 demo free

rgds,iqyu

Quoting smikester
iqyu, where do you get the feed for those charts, please?
not euphoria follower
  • #264,665
  • Nov 18, 2010 3:25am Nov 18, 2010 3:25am
So, the double bottom wins out over what was shaping up to be a double top on 1hr as an upside break of yesterday's hi results from a 2nd test of that 1hr pullback zone around 5885 lo...price has entered the previous 1hr/4hr/daily swing lo zone and fibs abound on the way up-lol !!

Uk Data upcoming 0930am gmt (lots of it,) will see what the market reaction is.

Point of interest: Whilst 100sma remains below it's 200sma on 1hr on 4hr and daily the 100sma is still above the 200.

G/L
ex member
  • #264,666
  • Nov 18, 2010 3:31am Nov 18, 2010 3:31am
Quoting iqyu5an
try windsor broker bro.

mt4 demo free

rgds,iqyu
Thank you it looks useful. Especially since my Java has packed up it and looks like I'll have to reload Windows....
Gone to a better place
  • #264,667
  • Nov 18, 2010 3:37am Nov 18, 2010 3:37am
u're welcome
rgds,iqyu

Quoting smikester
Thank you it looks useful. Especially since my Java has packed up it and looks like I'll have to reload Windows....
not euphoria follower
  • #264,668
  • Nov 18, 2010 4:00am Nov 18, 2010 4:00am
Price pullsback from the previous 1hr/4hr/daily swing lo zone at the current daily hi and then the 0930am Uk data hits, price finding support at the previous 1hr/5min swing hi zone and 38.2% of the rise up from that 1hr double bottom zone...nice 1min hidden divergence play develops there...flat again now though as no convincing follow thru to a new hi from the set-up, and finishing session here. Wonder how strong the potential sbr/res above current price is? Have the bulls got the strength to push it up ?

Finishing here for the day.

G/L

http://www.easy-upload.net/fichiers/...1118105629.gif
http://www.easy-upload.net/fichiers/...1118105738.gif
ex member
  • #264,669
  • Nov 18, 2010 4:11am Nov 18, 2010 4:11am
good to see the simple is as simple does method keeps working.

Finished yet again this morning before breakfast (B-B-C) and of course daily target reached with ease.

Wow, some people just make this 'forex' so difficult it's just not true.

Money Management is the key factor, greed of course is the biggest problem the vast majority suffer from, once that is overcome and a reasonable comfort zone 'set', Forex will become easy.......

Hi BrotyBoy, hope your still having fun learning...............
  • #264,670
  • Nov 18, 2010 4:30am Nov 18, 2010 4:30am
Attached Image
  • #264,671
  • Nov 18, 2010 4:42am Nov 18, 2010 4:42am
Quoting Mr.Elliott
so far rite now it is still ranging...so basically no clear direction yet.....
honestly saying that rite now i only see long...my bias may change after LO...who knows
so far the PA have more bulls rather than bears...but yes...i make go down suddenly without looking back....but now my money is on the bulls....

ps:still holding my long position from yesterday coz rite now it look bullish....
trading plan as per plan....but still the market are now bullish....not no clean cut yet for the bull....they are still fighting for the place in the market...since LO is almost here...we might see a continution of a bull rally....but overall trend are still bearish though
good luck all and green pips for all......
  • #264,672
  • Nov 18, 2010 4:45am Nov 18, 2010 4:45am
Quoting AdrianHNV
good to see the simple is as simple does method keeps working.

Wow, some people just make this 'forex' so difficult it's just not true.

Money Management is the key factor, greed of course is the biggest problem the vast majority suffer from, once that is overcome and a reasonable comfort zone 'set', Forex will become easy.......

Hi BrotyBoy, hope your still having fun learning...............
could not agreed more.....when it comes to "SIMPLE" + "GREED" = just goes well together.... "DIFFICULT" + "GREED" = DISASTER
  • #264,673
  • Nov 18, 2010 4:54am Nov 18, 2010 4:54am
Quoting jaggu
Learning material is provided with best intrests in this forum. But when it comes to predicting the next move....most of the posts leave me more and more confused
be patience....trading is bussiness and bussiness is work....so if you do your homework

regardless of anything and focus.....you won't be confused anymore....

in trading some people tell their secret and some just keep it to themself....we can't argue

with that..because they earn their success...and once again with all the hardwork and

sacrifice they have put into it....just my 1 cent opinion to you...

good luck and happy trading....take it easy bro....

ps:sorry for the spacing....
  • #264,674
  • Nov 18, 2010 4:57am Nov 18, 2010 4:57am
hello all.. I saw in the calendar that there will be an issue of US Treasury Currency Report today. I have not heard of it before, and would anyone probably know whether it would have any significant effect on the general forex market?
  • #264,675
  • Edited 6:51am Nov 18, 2010 5:18am | Edited 6:51am
Quoting tmtsks
hello all.. I saw in the calendar that there will be an issue of US Treasury Currency Report today. I have not heard of it before, and would anyone probably know whether it would have any significant effect on the general forex market?

Market impact tends to vary and is mostly dependent on which countries the report will accuse of currency manipulation;

It provides a detailed review of global exchange rate policies, economic conditions, and central bank and government actions around the world. Most importantly, the report outlines counties that the Treasury deems currency manipulators;



Most probably the US '''''suggesting''' something about China's so called manipulation of their currency...............

Now having to compete on a more even keel with other countries.....

I could of course bee wrong
  • #264,676
  • Nov 18, 2010 6:55am Nov 18, 2010 6:55am
Attached Image
  • #264,677
  • Nov 18, 2010 6:58am Nov 18, 2010 6:58am
Quoting Mr.Elliott
trading plan as per plan....but still the market are now bullish....not no clean cut yet for the bull....they are still fighting for the place in the market...since LO is almost here...we might see a continution of a bull rally....but overall trend are still bearish though
good luck all and green pips for all......
sold at 1.6010 TP yesterday's low at 1.5860.
  • #264,678
  • Nov 18, 2010 7:08am Nov 18, 2010 7:08am
Quoting Cobby
Attachment
Eh? Is there such a fib extension?
Enter Signature
  • #264,679
  • Nov 18, 2010 7:20am Nov 18, 2010 7:20am
Quoting vosterfxandy
Eh? Is there such a fib extension?
not typically i dont think...

it forms part of the fibonacci golden ratio 0.618 sequence

1 - 0.146 = 85.4

so you'd think on some level it must playout occasionally given the
other common fib ratios used and so is just another
in the extended set... in my opinion... i see 14.6 pop up all the time
and yet it is never referred to ?? so who knows...

just reporting what i saw...
  • #264,680
  • Edited 7:33am Nov 18, 2010 7:30am | Edited 7:33am
price finding a little support here for the moment at the 14.6 fib
from the low of the move... ???

Attached Image
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