90% of traders use TA, indicators and prediction
Cable Update (GBPUSD)
- #299,701
- Feb 1, 2012 1:39pm Feb 1, 2012 1:39pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
- #299,702
- Feb 1, 2012 1:47pm Feb 1, 2012 1:47pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
- #299,703
- Feb 1, 2012 1:50pm Feb 1, 2012 1:50pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
btw,
this is what i see in daiòly chart.
price killed the supply area 1.57-1.58 in a straight furious move up to 5870. was so full of demand that in my charts price went out of ascending channel for some pips (i mean the upper line). i rarely seen this in the past and i guess there were huge buy stops abovve 5810 since price took the space shuttle after printing 5811 or so going straight to 5830 and still unable to close below the 5830.
its very clear imo!
what i think is that actually price is in relax mode or "distribution".
im planning to buy bit lower from here.
the vacuum of supply in the 5750-5800 could be filled by buy orders so i dont expect price to go through it immediatly.
every word is well shown in the chart.
previous supply area must now show demand area and it will be certainly tested because some one wants his orders to be filled
i hope not to find price near 5900 when i wake up tomorrow morning, could mean a day off for me.
on the other side im still for the shorts only only only when it will breakout down the uptrend channel. scalping escluded.
this thing is going up 20-30 40 pips then shoot 100-150-(170 today) and IMO looking the gorgeous and deep fall coming from 1.66, i can easily imagine the same opposite thing now going up!!
time will tell.
this is what i see in daiòly chart.
price killed the supply area 1.57-1.58 in a straight furious move up to 5870. was so full of demand that in my charts price went out of ascending channel for some pips (i mean the upper line). i rarely seen this in the past and i guess there were huge buy stops abovve 5810 since price took the space shuttle after printing 5811 or so going straight to 5830 and still unable to close below the 5830.
its very clear imo!
what i think is that actually price is in relax mode or "distribution".
im planning to buy bit lower from here.
the vacuum of supply in the 5750-5800 could be filled by buy orders so i dont expect price to go through it immediatly.
every word is well shown in the chart.
previous supply area must now show demand area and it will be certainly tested because some one wants his orders to be filled
i hope not to find price near 5900 when i wake up tomorrow morning, could mean a day off for me.
on the other side im still for the shorts only only only when it will breakout down the uptrend channel. scalping escluded.
this thing is going up 20-30 40 pips then shoot 100-150-(170 today) and IMO looking the gorgeous and deep fall coming from 1.66, i can easily imagine the same opposite thing now going up!!
time will tell.
90% of traders use TA, indicators and prediction
- #299,704
- Feb 1, 2012 2:59pm Feb 1, 2012 2:59pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
well errrr ummmm - it is the daily candle and it is open high low close candle......so errr ummmm the close is the close......
not sure about a setting to change my candles to close at the high????
why would you want them to close at the high that is what the wick is for.
Come with me if you want to live....
- #299,705
- Feb 1, 2012 3:02pm Feb 1, 2012 3:02pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
- #299,706
- Feb 1, 2012 3:07pm Feb 1, 2012 3:07pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
- #299,707
- Feb 1, 2012 3:41pm Feb 1, 2012 3:41pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
for what i know that is gbp future chart n price is different tha GU so also the 200ema.
actually 200ema daily is near 5813 n 60ema lower near 5622. 50ema not far from there
Come with me if you want to live....
- #299,708
- Feb 1, 2012 3:57pm Feb 1, 2012 3:57pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
We have some half decent resistance to the left of my above chart so could retrace a bit. Doubt it will get to 59 before London, don't think Asia has the guns for it.
i m in sleep mode and alarms ready
good luck and trade safe
90% of traders use TA, indicators and prediction
- #299,710
- Feb 1, 2012 10:19pm Feb 1, 2012 10:19pm
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #299,712
- Feb 2, 2012 12:57am Feb 2, 2012 12:57am
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Short 
TP 5810
TP 5810
Come with me if you want to live....
- #299,713
- Feb 2, 2012 1:22am Feb 2, 2012 1:22am
- Joined Aug 2010 | Status: Trader | 3,185 Posts
I don't trust any move - when you have profit...take it.
- #299,714
- Feb 2, 2012 1:37am Feb 2, 2012 1:37am
- Joined Jul 2011 | Status: Heads is a buy. Tails is a sell. | 1,031 Posts
- #299,716
- Feb 2, 2012 1:52am Feb 2, 2012 1:52am
- Joined Jul 2011 | Status: Heads is a buy. Tails is a sell. | 1,031 Posts
- #299,718
- Feb 2, 2012 2:25am Feb 2, 2012 2:25am
Hello there. I am new to forex trading and would appreciate if somebody could guide me with my trades or atleast share useful info as to when one should place a trading because all these ups n downs are really confusing
well, the reality is that nobody will hold your hand while you walking through the woods. You need to learn this all yourself. Forexfactory is like encyclopedia forexica
so use it, there is plenty of valuable information on here. It will be a bumpy ride for you ahead, but keep calm and carry on, you might (?) get there (some never do).Good luck!
.
- #299,720
- Feb 2, 2012 2:53am Feb 2, 2012 2:53am
Hello there. I am new to forex trading and would appreciate if somebody could guide me with my trades or atleast share useful info as to when one should place a trading because all these ups n downs are really confusing
begins with a demo account, read much material as possible and adopt a strategy that you feel you do best, the Forum will only serve to give you confirmation or share ideas! Do not pick up signals from all that will end in confusion. Without this, you will start to lose money, kicked in the face and pain! So much pain, if you can stand up
Welcome in the Forex Market!!
There is only one right price....
what the customer is willing to pay !