Oversold,w8ng 4 rally,its 3rd tym in a day when RSI hit 30......cheers
Cable Update (GBPUSD)
- #280,343
- May 31, 2011 8:21am May 31, 2011 8:21am
BUY GBP/USD @ 1.6460 --- SL @ 1.6440 --- TP @ 50 to 60 pips
Explanation: Any move downward should be limited, that's what my analysis told me today. I have therefore allowed myself to place a buy trade with a SL 10 pips below the yesterday's low.
- #280,344
- May 31, 2011 8:30am May 31, 2011 8:30am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
and the 6430 came 
90% of traders use TA, indicators and prediction
- #280,345
- Edited 9:08am May 31, 2011 8:32am | Edited 9:08am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #280,347
- May 31, 2011 9:21am May 31, 2011 9:21am
- | Joined Jun 2010 | Status: Trader | 1,429 Posts
hello,
yes i used it in the past. both versions of it. i dont like it too much. i still only trade with my old way: rsi/macd and some SMA n EMA
in 1M and 5M chart i find MACD very useful for scalps
You might want to add Better Volume to your chart as to see where the big(gest) money goes to
.
- #280,348
- May 31, 2011 9:53am May 31, 2011 9:53am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Hi King,
You might want to add Better Volume to your chart as to see where the big(gest) money goes to
.
yes i used also better volume but i dont know it very well. every day i say 'today i search something to study the better volume!'
then every day i dont do.....
one day will study it
90% of traders use TA, indicators and prediction
- #280,349
- Edited 9:58am May 31, 2011 9:57am | Edited 9:58am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
for those wondering what happened..see chart..
upward trendline is very steep..today movement tested the extreme top of trendline, then because it on the underside make sense to sell..now we have made a new high which didnt hold which then proceeded to break yesterday low..
if u cant understand why its moving down..babypips is the answer..be lucky
that resistance is also FE 61.8 in daily
im asking myself if it is now 6430 good to buy, but i still not see really good........
i leave for a while, will come later after dinner
90% of traders use TA, indicators and prediction
- #280,350
- May 31, 2011 10:03am May 31, 2011 10:03am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Hi King,
You might want to add Better Volume to your chart as to see where the big(gest) money goes to
.
i notice that THV indi
can you post it please?
looks like helpful
90% of traders use TA, indicators and prediction
- #280,351
- May 31, 2011 10:07am May 31, 2011 10:07am
- | Joined Jun 2010 | Status: Trader | 1,429 Posts
hello mate,
yes i used also better volume but i dont know it very well. every day i say 'today i search something to study the better volume!'
then every day i dont do.....
one day will study it
I reversed the red-white so it match with heiken ashi color.
Here the manual to study.. and THV
- #280,352
- May 31, 2011 11:24am May 31, 2011 11:24am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
I found it useful on any TF especially M1.
I reversed the red-white so it match with heiken ashi color.
Here the manual to study.. and THV
90% of traders use TA, indicators and prediction
- #280,353
- May 31, 2011 12:41pm May 31, 2011 12:41pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #280,354
- May 31, 2011 12:42pm May 31, 2011 12:42pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #280,357
- May 31, 2011 1:12pm May 31, 2011 1:12pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
hope so, playing it both ways
Come with me if you want to live....
- #280,358
- May 31, 2011 1:29pm May 31, 2011 1:29pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
