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Cable Update (GBPUSD)

  • #275,981
  • Apr 11, 2011 5:34am Apr 11, 2011 5:34am
The idea is today's range on initial market (Japan) lows and highs, this will always be the center of gravity, market will range on this level or go high or go down, but most of the time it will come back to this level 20-30 pips +/-. now you can get the idea how to trade and correct the mistake. in an uptrend, the initial high low will gain 10-30 pips on a daily basis.
  • #275,982
  • Apr 11, 2011 5:39am Apr 11, 2011 5:39am
Quoting mdrive
I closed (trailing) my previous long at 6360 and bought again at 6348
I see more scope in GBPUSD long than eurusd, nzdusd or audusd.
Eurusd, audusd have already broken resistance and are at record highs of this year.

but gbpusd is still at below resistance and has not yet made any kind of record highs... so i think we are in for a good 200pip atleast if its going up
To Your Success!!
  • #275,983
  • Apr 11, 2011 5:41am Apr 11, 2011 5:41am
I just close my LONG position. Tired of waiting for uncertainty. I will spend the rest of the day to observe. Good luck to all of you mates !!
  • #275,984
  • Apr 11, 2011 5:43am Apr 11, 2011 5:43am
Quoting ndsouz
I see more scope in GBPUSD long than eurusd, nzdusd or audusd.
Eurusd, audusd have already broken resistance and are at record highs of this year.

but gbpusd is still at below resistance and has not yet made any kind of record highs... so i think we are in for a good 200pip atleast if its going up
exactly.
  • #275,985
  • Apr 11, 2011 6:16am Apr 11, 2011 6:16am
Quoting ndsouz
I see more scope in GBPUSD long than eurusd, nzdusd or audusd.
Eurusd, audusd have already broken resistance and are at record highs of this year.

but gbpusd is still at below resistance and has not yet made any kind of record highs... so i think we are in for a good 200pip atleast if its going up
Yeah , if you trade using daily timeframe it is possible for you to make such profit. but I would rather take the lowest point and buy all the way to maybe 300 pips. as for now I am also getting small profit for selling short-term
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  • #275,986
  • Apr 11, 2011 6:32am Apr 11, 2011 6:32am
Quoting TauTrader
Good day to you,

Buying this dip. Will cut if we break 1.6300 with conviction.

Regards
Closing longs.
  • #275,987
  • Apr 11, 2011 6:50am Apr 11, 2011 6:50am
Quoting Mrleeforex
Yeah , if you trade using daily timeframe it is possible for you to make such profit. but I would rather take the lowest point and buy all the way to maybe 300 pips. as for now I am also getting small profit for selling short-term
just LONG and Short.......range 20-30pips
its better
  • #275,988
  • Apr 11, 2011 7:18am Apr 11, 2011 7:18am
Hi Y'all....long time. How go the pips?
Ghost Rider - WWTBMD?
  • #275,989
  • Apr 11, 2011 7:22am Apr 11, 2011 7:22am
Quoting albchr
Hi Y'all....long time. How go the pips?
Wow!

Wondering why it was so cold today... Good to see you popping in! Glad to see you are still kicking..Up and Down she still goes - nothing has changed.

Welcome!

Regards
  • #275,990
  • Apr 11, 2011 7:28am Apr 11, 2011 7:28am
Hey now, don't blame me for the weather...LOL

Yep I'm still lurking about. Taking a few days break from the road and trying to catch up on every thing (and everyone) I've missed.

Good to see you still riding the waves Tau.

Quoting TauTrader
Wow!

Wondering why it was so cold today... Good to see you popping in! Glad to see you are still kicking..Up and Down she still goes - nothing has changed.

Welcome!

Regards
Ghost Rider - WWTBMD?
  • #275,991
  • Apr 11, 2011 7:38am Apr 11, 2011 7:38am
Quoting albchr
Hey now, don't blame me for the weather...LOL

Yep I'm still lurking about. Taking a few days break from the road and trying to catch up on every thing (and everyone) I've missed.

Good to see you still riding the waves Tau.
Excellent.

Enjoy the break and rest well.


All success
  • #275,992
  • Apr 11, 2011 7:45am Apr 11, 2011 7:45am
It's an old Top , so it's bound to Range . Either Way , someone is going to get the brunt of it ..lol..Am hoping , it's not me . I have a target of 1.6407 ..
Attached Image (click to enlarge)
Click to Enlarge Name: gu-6400-14.jpg Size: 96 KB
  • #275,993
  • Apr 11, 2011 7:54am Apr 11, 2011 7:54am
buy signal on gu
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 36 KB
  • #275,994
  • Apr 11, 2011 8:14am Apr 11, 2011 8:14am
Long GU,
stopped trying to pick tops like i did last week this will not happen, now that i have dealt with my ego!

RS
Attached Image (click to enlarge)
Click to Enlarge Name: gu 11.04.11.gif Size: 15 KB
  • #275,995
  • Apr 11, 2011 8:17am Apr 11, 2011 8:17am
Quoting bonus76
buy signal on gu

Can you post that indi on our chart please?
  • #275,996
  • Apr 11, 2011 8:18am Apr 11, 2011 8:18am
Quoting SummerJam
Can you post that indi on our chart please?

which one?
  • #275,997
  • Apr 11, 2011 8:25am Apr 11, 2011 8:25am
Sry, the one which marks the zones (premium sell buy, pivot etc.)

Thank you
  • #275,998
  • Apr 11, 2011 8:28am Apr 11, 2011 8:28am
thats muray math indi.
Attached File(s)
File Type: mq4 Murrey_Math_MT4_VG, 2010.mq4   8 KB | 350 downloads
File Type: mq4 Murrey_Math_MT4_VG.mq4   10 KB | 301 downloads
  • #275,999
  • Apr 11, 2011 8:33am Apr 11, 2011 8:33am
Thank you!

Reliable? (at least more often than not)
  • #276,000
  • Apr 11, 2011 8:37am Apr 11, 2011 8:37am
Quoting SummerJam
Thank you!

Reliable? (at least more often than not)
you can use it as a support and resistance to some extent. However that indy plays a part of my trading decision when i try to pick top or bottom. I also use volume and i reg indi, All that gives me a picture at what price should i take a trade. Depend on ur mentality that indi can be useful or useless.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 36 KB
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