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Cable Update (GBPUSD)

  • #292,161
  • Edited 8:16am Nov 9, 2011 8:06am | Edited 8:16am
We may have a temporary bottom here. EU 3550 support held.
After we pullback to the GU daily trendline resistance test 5960/5980 S2, see whats next.
5850 looks strong but if EU blows out, I'm in for 5750.

can't post chart, on smartphone.
  • #292,162
  • Nov 9, 2011 8:19am Nov 9, 2011 8:19am
rumour: ECB € 3 trn intervention
  • #292,163
  • Nov 9, 2011 8:44am Nov 9, 2011 8:44am
Quoting redsword11
Attachment


supply


Attachment


resolve

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update
  • #292,164
  • Nov 9, 2011 8:58am Nov 9, 2011 8:58am
Hello and thx sir, but I ment SUPPORT as stated on usdx! Here is a look at my view with more room for further US strength as we at back in the bullish channel..

She still may have unfinished buisness below 1.590..holding one and took profit on rest at 1.5920 (base 1hr poll or wide range bar)

GL to ALL!


Quoting gsantri
you mean resistance.

congratulation on your 1k post and welcome to the cable thread, Mr.Roxy fan
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  • #292,165
  • Nov 9, 2011 9:01am Nov 9, 2011 9:01am
wonderfull wedge, well paid
see details on cannareks blog
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  • #292,166
  • Nov 9, 2011 9:35am Nov 9, 2011 9:35am
im spending time to refresh charts.......
90% of traders use TA, indicators and prediction
  • #292,167
  • Nov 9, 2011 9:48am Nov 9, 2011 9:48am
Look at the daily, we still haven't had a true, convincing break down. It's actually just still caught in the daily range of about 1.5900/1.6150
check out my blog: forexmademillionaire dot com
  • #292,168
  • Nov 9, 2011 9:59am Nov 9, 2011 9:59am
Went short @ 1.60770 this morning, profit level hit at @ 1.6007, a nice 70 pips for me today, gutted it dropped another 100 or so pips aswell after that, ah well, theres always next time!

I think it will move back upto the 1.6100+ area or drop down to 1.5800.
  • #292,169
  • Nov 9, 2011 10:00am Nov 9, 2011 10:00am
True ! I have eyes on a Monthy fib @ 1.587 that cordinates with support and july 12th spike. May b wishfull thinking. Also traking S&P still in bear daily channel ( bounce @ UTL a few days ago to complete rt shoulder of 1hr H&S) play..Any way a very good move today and look for some consalidation until Asia, barring shit hiting the fan..

Quoting Geppy
Look at the daily, we still haven't had a true, convincing break down. It's actually just still caught in the daily range of about 1.5900/1.6150
Attached Image (click to enlarge)
Click to Enlarge Name: gu daily 119.gif Size: 25 KB
  • #292,170
  • Nov 9, 2011 10:06am Nov 9, 2011 10:06am
May even go as low as 1.5700 support
  • #292,171
  • Nov 9, 2011 11:00am Nov 9, 2011 11:00am
Quoting smikester
Well done. To be honest I think we'd rather see your charts or reasons than blind trade calls and boasting. That would be much more impressive.
I bet you won't get an answer. gbpaud drowning. maybe later if its in profit 100+ then 'told you guys.. complete with acc statement. something never change.
  • #292,172
  • Nov 9, 2011 1:20pm Nov 9, 2011 1:20pm
Quoting smikester
Well done. To be honest I think we'd rather see your charts or reasons than blind trade calls and boasting. That would be much more impressive.
Took me ages to sort this pic out, thought I'd post one anyway...

I knew it would more than likely to drop after the high of 'a' failed to close above the high of 'z', 'b' confirmed it for me, and the obvious trend line was broken, plus 12hr and daily are bouncing off the top of a channel, profit target was a respected support level, which was easily broke through.
Attached Image (click to enlarge)
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  • #292,173
  • Nov 9, 2011 1:34pm Nov 9, 2011 1:34pm
Quoting GDR3k
Took me ages to sort this pic out, thought I'd post one anyway...

I knew it would more than likely to drop after the high of 'a' failed to close above the high of 'z', 'b' confirmed it for me, and the obvious trend line was broken, plus 12hr and daily are bouncing off the top of a channel, profit target was a respected support level, which was easily broke through.
hello
how does it work fxpro ECN? do you have slippage and re-quotes?
thanks
90% of traders use TA, indicators and prediction
  • #292,174
  • Nov 9, 2011 1:43pm Nov 9, 2011 1:43pm
Quoting _BBKing_
hello
how does it work fxpro ECN? do you have slippage and re-quotes?
thanks
I had been using the demo for about a month before today and I love the platform, its basic but has everything I need to trade with.

Made my first live trade today with it and got them 70 pips, no slippage so far and no requotes what so ever and instant execution.

Others have said its exactly like the demo and so far it is for me aswell. So far so good. However its only been a day so I can't say over long term yet, but as I said, so far so good, if it stays the same I really have no need to change broker, ever again.

What a difference it is from alpari, they wouldn't of let me open that trade today, I'd of got requoted to death and then mt4 would of crashed, then 'no connection to server' until the move had finished. lol.
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  • #292,175
  • Nov 9, 2011 1:53pm Nov 9, 2011 1:53pm
Quoting Chillypiper
True ! I have eyes on a Monthy fib @ 1.587 that cordinates with support and july 12th spike. May b wishfull thinking. Also traking S&P still in bear daily channel ( bounce @ UTL a few days ago to complete rt shoulder of 1hr H&S) play..Any way a very good move today and look for some consalidation until Asia, barring shit hiting the fan..
hello
nice posting!

i notice you (and also others) use very few or not at all indicators.
is it because they confused you or is just your trading that doesn't includes indicators?
in recent sessions indicators confused me.....
90% of traders use TA, indicators and prediction
  • #292,176
  • Nov 9, 2011 2:00pm Nov 9, 2011 2:00pm
Quoting GDR3k
I had been using the demo for about a month before today and I love the platform, its basic but has everything I need to trade with.

Made my first live trade today with it and got them 70 pips, no slippage so far and no requotes what so ever and instant execution.

Others have said its exactly like the demo and so far it is for me aswell. So far so good. However its only been a day so I can't say over long term yet, but as I said, so far so good, if it stays the same I really have no need to change broker, ever again.

What a difference it is from...
ok thank you!
im using fxpro mt4 account.
it is good for something and not good for something else.
once or the other will definetly leave this account....
90% of traders use TA, indicators and prediction
  • #292,177
  • Nov 9, 2011 2:42pm Nov 9, 2011 2:42pm
Quoting GDR3k
Took me ages to sort this pic out, thought I'd post one anyway...

I knew it would more than likely to drop after the high of 'a' failed to close above the high of 'z', 'b' confirmed it for me, and the obvious trend line was broken, plus 12hr and daily are bouncing off the top of a channel, profit target was a respected support level, which was easily broke through.
Well that analysis makes sense. That looks like an FXPro ECN account with cTrader software?

It's a great platform and very fast. I've been using it for several months, live, from xTrader to cTrader and getting very low spreads, no slippage, no requotes, ever.
Gone to a better place
  • #292,178
  • Nov 9, 2011 2:56pm Nov 9, 2011 2:56pm
Hi BBking, have been lurking here for awhile and enjoy you post also.

I use them for sure. Stoch, RSI, MacD,TDI and Moving avg mostly, but like a raw chart for set up using just PA,S/R TL, fib (the basics) and Candle body patterns for set ups ( expecaly 1hr and up ).

Still learning what work best for my style and personality to fit the grove, ya know...And finding LESS is MORE better...

Regards

Quoting _BBKing_
hello
nice posting!

i notice you (and also others) use very few or not at all indicators.
is it because they confused you or is just your trading that doesn't includes indicators?
in recent sessions indicators confused me.....
  • #292,179
  • Nov 9, 2011 5:27pm Nov 9, 2011 5:27pm
Attached Image (click to enlarge)
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locked and out some near tg
  • #292,180
  • Nov 9, 2011 7:49pm Nov 9, 2011 7:49pm
Quoting Geppy
Look at the daily, we still haven't had a true, convincing break down. It's actually just still caught in the daily range of about 1.5900/1.6150
true

lets see today what happens....
90% of traders use TA, indicators and prediction
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