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Cable Update (GBPUSD)

  • #280,881
  • Jun 8, 2011 3:48am Jun 8, 2011 3:48am
Quoting Walker93
#

For everyone there is a style that suites them best - find your style and stick to it - dont worry about what other people are doing or you'll end up taking trades that you don't understand, trust, OR NEED!
Very well said.
Gone to a better place
  • #280,882
  • Jun 8, 2011 3:49am Jun 8, 2011 3:49am
Quoting untusoft
Looking for 1.6352-1.6380 before decided to buy...
oh God,
I missed to buy on 1.635x ... still cannot decided where she will go... sigh...
I hope yesterday dejavu happen...
  • #280,883
  • Jun 8, 2011 3:50am Jun 8, 2011 3:50am
Quoting smikester
I like MT4 - it's what I learned on but it's a bit slow. I use it mainly for charting. Try the demo of xtrader at FXPro. When you click you get a fill at the price you want.
Thanks dude - i'll have a look at the demo
  • #280,884
  • Jun 8, 2011 3:50am Jun 8, 2011 3:50am
Sounds good and sounds ideal, my reason for failing so far has been due to FAILURE TO PLAN...but intraday, capturing those 30pips move up/50pips down, 20pips up, those kind of moves which quickly add up, a successful way to capture them is what currently eludes me...
  • #280,885
  • Jun 8, 2011 3:51am Jun 8, 2011 3:51am
Quoting smikester
I like MT4 - it's what I learned on but it's a bit slow. I use it mainly for charting. Try the demo of xtrader at FXPro. When you click you get a fill at the price you want.

i had an avafx account with mt4
now im on fxpro

both mt4 but there is an ocean between them.
on fxpro i click and rarely re-quotes (only when price goes very fast!)
spreads on gbp usd i have seen max max 2.5-3.0p while usually is 0.8 - 1.5p

now im curious ot try xtrader... will check this evening
90% of traders use TA, indicators and prediction
  • #280,886
  • Jun 8, 2011 3:56am Jun 8, 2011 3:56am
if the H4 candle closes below 1.6350 then we may see a new low for cable today. the next strong support is 1.6335 if that goes too , then there will be a big drop today.

jan
  • #280,887
  • Jun 8, 2011 4:00am Jun 8, 2011 4:00am
What about a short here? I mean off the bottom of this M15 consolidation. Any views?

Quoting _BBKing_
now im curious ot try xtrader... will check this evening
Try the cross hairs and right click your mouse when you have them on your price. It's very slick. This works in MT4 too, but it's clunky because all the right click options appear and the cross hairs disappear.
Gone to a better place
  • #280,888
  • Jun 8, 2011 4:10am Jun 8, 2011 4:10am
Quoting smikester
I like MT4 - it's what I learned on but it's a bit slow. I use it mainly for charting. Try the demo of xtrader at FXPro. When you click you get a fill at the price you want.
sounds interesting...will check it out, have you tried out the ECN account at Alpari uk...it also give direct fills...and no slippage...really cool actually...
Guard your pips jelously
  • #280,889
  • Jun 8, 2011 4:12am Jun 8, 2011 4:12am
[quote=smikester;4673807]What about a short here? I mean off the bottom of this M15 consolidation. Any views?

...i have a fib level right there..and a minor support in the same area...and judging from those M15 wicks..i say go for it...at prev close...seems pretty good...say abt 10pips or so..i mean for 15 minutes its a good payoff...lol!
Guard your pips jelously
  • #280,890
  • Jun 8, 2011 4:14am Jun 8, 2011 4:14am
Quoting smikester
What about a short here? I mean off the bottom of this M15 consolidation. Any views?

Try the cross hairs and right click your mouse when you have them on your price. It's very slick. This works in MT4 too, but it's clunky because all the right click options appear and the cross hairs disappear.
Pwoarrr - this is slick - got my mt4 on one screen and xTrader on another - side by side XTrader looks awesome - if i can figure out how to save chart setups etc then i may make the switch - it looks pretty & seems to perform well > just need to get to know it like the back of my hand before i commit to a relationship & cheat on MT haha
  • #280,891
  • Jun 8, 2011 4:15am Jun 8, 2011 4:15am
i risk these 30 pips with half than normal position to get those 60 pips.
won't move the stop of 1 pips.
if goes there... will go more down for sure imho

lets see
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90% of traders use TA, indicators and prediction
  • #280,892
  • Jun 8, 2011 4:18am Jun 8, 2011 4:18am
Quoting smikester
What about a short here? I mean off the bottom of this M15 consolidation. Any views?

Try the cross hairs and right click your mouse when you have them on your price. It's very slick. This works in MT4 too, but it's clunky because all the right click options appear and the cross hairs disappear.

uhm... cross hairs?
90% of traders use TA, indicators and prediction
  • #280,893
  • Jun 8, 2011 4:19am Jun 8, 2011 4:19am
Quoting TzarPips
...i have a fib level right there..and a minor support in the same area...and judging from those M15 wicks..i say go for it...at prev close...seems pretty good...say abt 10pips or so..i mean for 15 minutes its a good payoff...lol!
It also formed a nice looking H1 inside bar. I use the DIBs strategy quite often and I like this bar. (I also have an Alpari account. They're good brokers)
Gone to a better place
  • #280,894
  • Jun 8, 2011 4:31am Jun 8, 2011 4:31am
Quoting smikester
It also formed a nice looking H1 inside bar. I use the DIBs strategy quite often and I like this bar. (I also have an Alpari account. They're good brokers)
careful longs. Respecting 1 hr 200ema retest but not the 15min 200ema retest. Breaching good trendline also.
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Come with me if you want to live....
  • #280,895
  • Jun 8, 2011 4:34am Jun 8, 2011 4:34am
Quoting _BBKing_
uhm... cross hairs?
Cross hairs, yes! Cross hares. They're like rabbits and they are very annoyed. Sorry for that. Couldn't resist.
Gone to a better place
  • #280,896
  • Jun 8, 2011 4:51am Jun 8, 2011 4:51am
Its still funny that when 1 person go on the news and say a comment that the whole market goes in a panic. Maybe I should go on and say Bernanke wants to crash the US Dollar.
  • #280,897
  • Jun 8, 2011 5:01am Jun 8, 2011 5:01am
G/M

76.4% 6323-6462, 61.8% 6286 - same 6472 move and a previous 1hr swing hi (previous resistance) with a 1hr trend line bounce is where the current Daily Lo is..a 1hr IPB candle forming there before another move up on the just closed bullish candle.

Tuesday's 6472 Hi looks a long way off Lol !

G/L
Attached Image
ex member
  • #280,898
  • Jun 8, 2011 5:03am Jun 8, 2011 5:03am
Quoting _BBKing_
i risk these 30 pips with half than normal position to get those 60 pips.
won't move the stop of 1 pips.
if goes there... will go more down for sure imho

lets see

out +10
reason: bad entry.
will get another later

overall +40 pips this morning with eur jpy n gbp usd

now lunch time.
good luck and see later
90% of traders use TA, indicators and prediction
  • #280,899
  • Jun 8, 2011 5:10am Jun 8, 2011 5:10am
Quoting smikester
Cross hairs, yes! Cross hares. They're like rabbits and they are very annoyed. Sorry for that. Couldn't resist.
gosh i dont have cross hares here.... where should i find them?!?!
90% of traders use TA, indicators and prediction
  • #280,900
  • Jun 8, 2011 5:15am Jun 8, 2011 5:15am
Below current Daily Lo and Friday's Lo of 6286 (around 61.8% 6131-6546 and current Weekly S1) The 4hr near-term screenshot shows the obvious near-term potential support/rbs factors on that t/f, the red and blue zones denoting where a Daily t/f previous obvious fractal swing hi/lo co-exists with 4hr. Weekly S1 is 6157 area and Monthly S1 6092 area

G/L
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