DislikedI'm short this time 16047 - looking for top of H1 channel - currently 16015 ishIgnored
Cable Update (GBPUSD)
- #268,963
- Jan 18, 2011 4:52am Jan 18, 2011 4:52am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
obviously
I just checked for the past 3 months the cable and I saw this pattern.
Starting the London session at around 8.20 am (Spain time)the trend changes on the 5 m chart.
At 9.20 the trend changes again untill 10.20 and then again at 11.20.
Al those moves happen on the 5 m chart.
Just look back and see how many times this happened.I guess it is a bank thing going on at those hours
As well we have another move at 13.50 and 16.50 same spanish time.
This downmove will probably last to 1.5962 now
oh my god,I am really good at it
really guys if you have time for only 5 min just look back in time to see this pattern with .20 min in the morning hours(morningh for me )
the TP I put up there 1.5962 is just an average as I always trade overconservative and keep some 10-15 pips from the R ans S levels especially if I have longer moves than 20 pips
the real TP should be 1.5944 as my strategy tells me with a flat line at this level.
hope this info helps somebody there with the entries and exits.for me it workes in more than 80% of the cases .If I use it in conjunction with some stochs and RSI it is really a killer
- #268,965
- Jan 18, 2011 5:01am Jan 18, 2011 5:01am
- | Joined Jun 2010 | Status: Trader | 1,429 Posts
hi guys
As some of u said before this bull scares me,i have a sell possession for God sake
but i think it must be have a reversal after all don't u think so?
FXpro
Pivot: 1.5900.
Most Likely Scenario : LONG positions @ 1.591 with 1.599 & 1.6 as next targets.
Alternative scenario : The downside breakout of 1.59 will open the way to 1.584 & 1.581...
I'd like to share some little things I knew; if you have read my post here
http://www.forexfactory.com/showthre...50#post4316750
until now I haven't seen any sign of reversal yet. and if there is then it will takes time, not so instant.
Do not try to catch or counter the trend that's for experienced trader, you will be there in time. I my self never follow any call from any broker, website etc. because price will go anywhere she wants.
And if you haven't got any system yet, you guys can try this nene.tpl that the settings has been adjusted by Magix. Try it first with demo account.
While you get familiar with the system, u have to broaden ur knowledge and skills on how to implement Money Management (MM) with those buttons in your MT4 platform or any other you're using, the forex terminology etc. from many sources available.
Stay here we will be happy to help, but for the basic things pls source yourself from babypips, googles etc.
U can download nene.tpl HERE
The explanation is HERE
Good luck.
Regards.
GS
PS; and this time pls don't read my signature
Not my intention to teach the ducks how to swim, but a little to share of what I have learned from great traders in this thread.
Ive earned 40 green pips
- #268,967
- Jan 18, 2011 5:03am Jan 18, 2011 5:03am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
a short up move to balance the downmove and then it will continue.....I guess
- #268,969
- Jan 18, 2011 5:38am Jan 18, 2011 5:38am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Hear the music before the song is over ...
- #268,970
- Jan 18, 2011 6:12am Jan 18, 2011 6:12am
- Joined Sep 2010 | Status: Trader | 11,327 Posts
After days of uninterrupted rally a potential push lower (off the minor channel) might be in sight...
I am selling here @ 1.6002
also had my eye on DXY making a stand @ 79 and the Euro tricky 140 level
- #268,972
- Edited 7:46am Jan 18, 2011 6:58am | Edited 7:46am
- Joined Dec 2009 | Status: The New Legend™ | 4,846 Posts
Hi Tsar,
Can you please tell me how to use MTF_SuperTrend NC ? like sl amount,etc...
Thank you & regards
MTF_SuperTrend NC is NOT Indi for TRIGGER.
This Indi use to know TREND : BULLISH or BEARISH.
But... You can use Trigger when TREND Changes.
And about SL :
If BULLISH BELLOW GREEN Line (+ Spread your Broker)
If BEARISH ABOVE RED Line (+ Spread your Broker)
For TRIGGER / TARGET you can use FIP Line (or ANOTHER, if you have Better)
in My Post # 268475 12 Januari 2011 9: 58 PM
And ALWAYS use Support Resistance (or ANOTHER, if you have Better)
in My Post # 268477 12 Januari 2011 10: 33 am
PIVOT Point (+ Edu), BAR SIGNAL & Candle Clock and tpl. File too in ATTACHMENT for GREAT...
I hope can HELP you for TRADE
Best Regards,
Tsar
Always looking the GREAT, never left GOOD Point...
- #268,975
- Jan 18, 2011 7:39am Jan 18, 2011 7:39am
After days of uninterrupted rally a potential push lower (off the minor channel) might be in sight...
I am selling here @ 1.6002
enough today for me,
happy green pips brother,
only an analysis, and I'm always wrong,
don't follow me,
- #268,977
- Jan 18, 2011 8:12am Jan 18, 2011 8:12am
- Joined Dec 2009 | Status: The New Legend™ | 4,846 Posts
Again ?
.
I looking for this Indi for LONG Time, like Fisher Transform or etc but STILL Not Accurated.
Would you like Share with me... ?
Thx before
Always looking the GREAT, never left GOOD Point...
- #268,978
- Jan 18, 2011 8:20am Jan 18, 2011 8:20am
- | Joined Jun 2010 | Status: Trader | 1,429 Posts
Bro, what's your Indies in Sub Window ?? I seem like MACD or another.
I looking for this Indi for LONG Time, like Fisher Transform or etc but STILL Not Accurated.
Would you like Share with me... ?
Thx before
- #268,979
- Jan 18, 2011 8:34am Jan 18, 2011 8:34am
- Joined Dec 2009 | Status: The New Legend™ | 4,846 Posts
It's here amigo, enjoy..
And I share to you with QuickFib Indi, this is the LAST Fibo I found. More Better than Fibos Indi before.
But be Carreful, Sign 0.00% sometimes can EXPAND if Price more from this...
Always looking the GREAT, never left GOOD Point...
- #268,980
- Jan 18, 2011 8:52am Jan 18, 2011 8:52am
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
not right up to date with current PA but we have a Wolfe
awaiting sell