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Cable Update (GBPUSD)

  • #265,341
  • Nov 25, 2010 7:18pm Nov 25, 2010 7:18pm
Quoting copam
we only have 2 way to go..eighter up or down...my little 2 years old kid also can say that...lol
Well actually we can go sideways too as we have been :nerd:
  • #265,342
  • Nov 25, 2010 7:21pm Nov 25, 2010 7:21pm
Quoting Jazznos
Well actually we can go sideways too as we have been :nerd:
actually it's time that goes sideways.
  • #265,343
  • Nov 25, 2010 7:24pm Nov 25, 2010 7:24pm
well the daily closed under this line so i'm out for -12
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  • #265,344
  • Nov 25, 2010 7:44pm Nov 25, 2010 7:44pm
Quoting chazzle
well the daily closed under this line so i'm out for -12
Tipping a break do the downside then?
  • #265,345
  • Nov 25, 2010 8:23pm Nov 25, 2010 8:23pm
This is what I am seeing...

3 days played without more heavy sells, a chart fill is in order.

Current support and resistance on chart, topside target.

Cradle support M30, M30 200EMA target.

Topside immediate resistance is the daily roll over.

A break above the daily roll and we are off to M30 200...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #265,346
  • Nov 25, 2010 8:25pm Nov 25, 2010 8:25pm
long
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  • #265,347
  • Nov 25, 2010 8:40pm Nov 25, 2010 8:40pm
Quoting Magix
This is what I am seeing...

3 days played without more heavy sells, a chart fill is in order.

Current support and resistance on chart, topside target.

Cradle support M30, M30 200EMA target.

Topside immediate resistance is the daily roll over.

A break above the daily roll and we are off to M30 200...

What have you got for daily rollover, please?

I am using your indicator, but my broker has massive spreads around rollover distorting the price. I have 1.5746, BELOW current prices.
  • #265,348
  • Nov 25, 2010 8:40pm Nov 25, 2010 8:40pm
morning all ..cheers for charts.. unable to post at a chart at the mo..but agree with you both... that daily TL looks positive and also seeing possible symetrical triangle on the 30 min...(from lows @13:00 and high 15:30 on 25th)

not sure about eu's situ ..this have a large bearing on any up move?

anyone watching the cricket?

got the indi cheers magix.
  • #265,349
  • Nov 25, 2010 8:44pm Nov 25, 2010 8:44pm
Quoting ikdenk
What have you got for daily rollover, please?

I am using your indicator, but my broker has massive spreads around rollover distorting the price. I have 1.5746, BELOW current prices.
Thats why I keep 1, 4 digit broker that is fixed spreads...I have seen the same thing with a few others, massive spreads and inaccurate numbers.

Try loading fxsol.co.uk as a set of back up charts, daily open set to 17.

Price I have is 1.5760.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #265,350
  • Nov 25, 2010 8:45pm Nov 25, 2010 8:45pm
Quoting ikdenk
What have you got for daily rollover, please?

I am using your indicator, but my broker has massive spreads around rollover distorting the price. I have 1.5746, BELOW current prices.

15763 here (alpari uk)
  • #265,351
  • Nov 25, 2010 9:07pm Nov 25, 2010 9:07pm
Quoting Magix
Thats why I keep 1, 4 digit broker that is fixed spreads...I have seen the same thing with a few others, massive spreads and inaccurate numbers.

Try loading fxsol.co.uk as a set of back up charts, daily open set to 17.

Price I have is 1.5760.
Thanks, will do.

If there is so much variation in rollover prices, that begs the question how accurate any particular level can be.

Crayon instead of sharp pencil I presume.

Although it is canny how rollover prices are respected.

What do the main movers use?
  • #265,352
  • Nov 25, 2010 9:08pm Nov 25, 2010 9:08pm
Can someone please explain what "daily rollover" is all about?
  • #265,353
  • Nov 25, 2010 9:18pm Nov 25, 2010 9:18pm
Quoting Jazznos
Can someone please explain what "daily rollover" is all about?
When the daily clocks set on the currency market. 5PM EST.

Considered true beginning of the trade day, in most cases, not what your broker uses.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #265,354
  • Nov 25, 2010 9:27pm Nov 25, 2010 9:27pm
Quoting Magix
When the daily clocks set on the currency market. 5PM EST.

Considered true beginning of the trade day, in most cases, not what your broker uses.
Thanks Magix. This seems to be 10pm GMT, does that sound right? What kind of market behaviour do you expect then?
  • #265,355
  • Nov 25, 2010 9:31pm Nov 25, 2010 9:31pm
Descending triangle on 1hr for short continuation maybe??
  • #265,356
  • Nov 25, 2010 9:44pm Nov 25, 2010 9:44pm
Quoting Jazznos
Thanks Magix. This seems to be 10pm GMT, does that sound right? What kind of market behaviour do you expect then?
Like ikd was saying, spreads go to absolute shit, market gets a little whippy, no real active session for cable then, so it lulls...

After that, the price is the line in the sand. Daily open. If we stay above, typically keep on going, if we stay below, same deal.

As long biased I am in looking for a retrace, at this point, I have been taking the short scalps on a 5m chart...waiting for the big mover...if not, I will just keep hammering the shorts on 5m triggers.
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  • #265,357
  • Nov 25, 2010 10:01pm Nov 25, 2010 10:01pm
Out of shorts gunna chance a long here.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #265,358
  • Nov 25, 2010 10:04pm Nov 25, 2010 10:04pm
Quoting Magix
Out of shorts gunna chance a long here.
Hi bro
I don't know which TF u take on it or where ur TP but take care.
I sell heavy
PS:
Wise man because human natural and we all some time we forget i will say that
Don't try catch the Bottom.
GL & Catch u later
  • #265,359
  • Nov 25, 2010 10:10pm Nov 25, 2010 10:10pm
Quoting egkid
Hi bro
I don't know which TF u take on it or where ur TP but take care.
I sell heavy
Noted.

Been taking shorts here...yesterdays LOD...color me the fewl...giving her a whirl.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #265,360
  • Nov 25, 2010 10:18pm Nov 25, 2010 10:18pm
She was the day tripper, one way ticket ye
It took me so long to find out
Now I found out
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