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Cable Update (GBPUSD)

  • #277,141
  • Apr 21, 2011 5:01am Apr 21, 2011 5:01am
i hope all made good pips today, wish all well
  • #277,142
  • Apr 21, 2011 5:05am Apr 21, 2011 5:05am
Quoting smikester
Well, this is one view. (Click 2 - 3 times to get clearer picture)

Attachment
great!
tks a lot man!
today im learning billions of things!!
90% of traders use TA, indicators and prediction
  • #277,143
  • Apr 21, 2011 5:09am Apr 21, 2011 5:09am
sorry for posting on aud.
on fxlive.com is told big offers around 0800
they are usually right (not always!!!!)

looking on charts Price is giving a bit of HS on m30 peaking very near 0800.

can be a good n nice entry if a confirmation pattern comes to tgt previous highs 0580 0600

any idea?
90% of traders use TA, indicators and prediction
  • #277,144
  • Apr 21, 2011 5:11am Apr 21, 2011 5:11am
Quoting smikester
Well, this is one view. (Click 2 - 3 times to get clearer picture)

Attachment
I think you have that in wrong place. I believe, it should be in first ABC when trend changes.
  • #277,145
  • Apr 21, 2011 5:12am Apr 21, 2011 5:12am
very long term trade if you got the balls sell t/p 1,000 pips below your entry and s/l 1,000 pips above your entry
  • #277,146
  • Apr 21, 2011 5:12am Apr 21, 2011 5:12am
Quoting smikester
Well, this is one view. (Click 2 - 3 times to get clearer picture)

Attachment
according to this and according to all resistances seen with bbmac before,
we shall see if a pull back happenz near 6570-6580 levels with SL > 6630

im drawing red square on chart range 6570-6630.
i dont know if i will short but if something moves better to look at
90% of traders use TA, indicators and prediction
  • #277,147
  • Apr 21, 2011 5:14am Apr 21, 2011 5:14am
Quoting PoundTrader
very long term trade if you got the balls sell t/p 1,000 pips below your entry and s/l 1,000 pips above your entry
1000 pips? too much.
better i wait a bit confirmation on it......
90% of traders use TA, indicators and prediction
  • #277,148
  • Apr 21, 2011 5:14am Apr 21, 2011 5:14am
Quoting juhanimi
I think you have that in wrong place. I believe, it should be in first ABC when trend changes.
Thanks, but I'm looking at potential resistance levels not trend changes.
Gone to a better place
  • #277,149
  • Apr 21, 2011 5:15am Apr 21, 2011 5:15am
Quoting juhanimi
I think you have that in wrong place. I believe, it should be in first ABC when trend changes.
so 6630 = FE 61,8?
90% of traders use TA, indicators and prediction
  • #277,150
  • Apr 21, 2011 5:17am Apr 21, 2011 5:17am
Quoting smikester
Thanks, but I'm looking at resistance levels not trend changes.
Yes, it is a good tool for targets.
Attached Image (click to enlarge)
Click to Enlarge Name: fibo.gif Size: 23 KB
  • #277,151
  • Apr 21, 2011 5:21am Apr 21, 2011 5:21am
what about this?
Attached Image (click to enlarge)
Click to Enlarge Name: gusdd1.gif Size: 22 KB
90% of traders use TA, indicators and prediction
  • #277,152
  • Apr 21, 2011 5:23am Apr 21, 2011 5:23am
Quoting _BBKing_
what about this?
I don`t know, never used that way.
First ABC and many fibo numbers if getting long trend, 2,3,5,8,13,21, you know.
  • #277,153
  • Apr 21, 2011 5:28am Apr 21, 2011 5:28am
Quoting _BBKing_
what about this?
That is also a valid plot. I'm no expert, but If these plots line up with horizontal and/or dynamic support and resistance levels then they carry more weight. Confluence. I don't trade to them. I just look at them. By dynamic s/r I mean trend lines of course.
Gone to a better place
  • #277,154
  • Apr 21, 2011 6:13am Apr 21, 2011 6:13am
I'm just trading the London break out here. Nothing too complicated. Looking forward to USA news in about 1 hour.
Gone to a better place
  • #277,155
  • Apr 21, 2011 6:14am Apr 21, 2011 6:14am
Quoting PoundTrader
i hope all made good pips today, wish all well
hehe, how about those who took the opposite side?
  • #277,156
  • Apr 21, 2011 6:15am Apr 21, 2011 6:15am
Quoting smikester
I'm just trading the London break out here. Nothing too complicated. Looking forward to USA news in about 1 hour.
hate it when news comes out.

makes everything belly up.
  • #277,157
  • Apr 21, 2011 6:17am Apr 21, 2011 6:17am
Quoting juhanimi
I don`t know, never used that way.
First ABC and many fibo numbers if getting long trend, 2,3,5,8,13,21, you know.
[quote=smikester;4562640]That is also a valid plot. I'm no expert, but If these plots line up with horizontal and/or dynamic support and resistance levels then they carry more weight. Confluence. I don't trade to them. I just look at them. By dynamic s/r I mean trend lines of course. [quote]

ok tks, will check this tool and try to learn it better.
thanks a lot
90% of traders use TA, indicators and prediction
  • #277,158
  • Apr 21, 2011 6:18am Apr 21, 2011 6:18am
Quoting PoundTrader
i hope all made good pips today, wish all well
me all OK today!
i hope same thing on all!
90% of traders use TA, indicators and prediction
  • #277,159
  • Apr 21, 2011 6:22am Apr 21, 2011 6:22am
it seems to be 1.6550 is a good support as of now.

will it go south further??
  • #277,160
  • Apr 21, 2011 6:25am Apr 21, 2011 6:25am
Quoting rashygomez
hehe, how about those who took the opposite side?
all i can say
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