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Cable Update (GBPUSD)

  • #310,961
  • May 2, 2012 8:12am May 2, 2012 8:12am
Quoting Vikingbarde
I wrote the post and clicked send, forexfactory said, - can't access the system, as server is too busy; ( or similar) .. so i got my post back and pressed "send again"
didnt realise it had posted sucessfully.
sorry..
Dude I hope you're using a demo account.
I practiced/learned on a demo account for two years before I opened a live account.
Take your time and learn... and remember money management is always #1.
  • #310,962
  • May 2, 2012 8:14am May 2, 2012 8:14am
Quoting Vikingbarde
realise i hadnt fully answered the post.
I check online sites for technical analysis, and compare; daily, monthly, etc.
I use
DukasCopy daily and tech analysis
ForexPros
dailyfx.com
forexcycle.com

I'm quite interested in Dukascopy tech analysis - 1-3 months forcast.

Is possible you an recommend any better?
thanks
VB
Please listen to good advise above. Its free!
The only way not to think about money is to have a great deal of it
  • #310,963
  • May 2, 2012 8:16am May 2, 2012 8:16am
about one month, and 1.54 by June.
VB
  • #310,964
  • May 2, 2012 8:17am May 2, 2012 8:17am
Quoting Vikingbarde
realise i hadnt fully answered the post.
I check online sites for technical analysis, and compare; daily, monthly, etc.
I use
DukasCopy daily and tech analysis
ForexPros
dailyfx.com
forexcycle.com

I'm quite interested in Dukascopy tech analysis - 1-3 months forcast.

Is possible you an recommend any better?
thanks
VB
the only decision you can trust is the decision coming from your own analysis. why you trust others for your decision making? it's not their money, mate.

how can you know that the person that give you forecast is a good trader? good trader don't belong in any broker company, if they can make money, they won't write articles on how to make money on trading (they better spend the time analyzing chart).. make sense?
  • #310,965
  • May 2, 2012 8:24am May 2, 2012 8:24am
hi

This seems like a good and friendly thread. Hopefully I can get opinions from more expericed trader, and hopefully I can add something to the thread.

Would you consider this a good candle, to enter short on the next candle?

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  • #310,966
  • May 2, 2012 8:27am May 2, 2012 8:27am
Ok,
Thanks very much for the reply.
VB
  • #310,967
  • May 2, 2012 8:27am May 2, 2012 8:27am
Quoting Akruma
hi

This seems like a good and friendly thread. Hopefully I can get opinions from more expericed trader, and hopefully I can add something to the thread.

Would you consider this a good candle, to enter short on the next candle?

Attachment
What???on a 5 munites chart!!!
The only way not to think about money is to have a great deal of it
  • #310,968
  • May 2, 2012 8:29am May 2, 2012 8:29am
Quoting Akruma
hi

This seems like a good and friendly thread. Hopefully I can get opinions from more expericed trader, and hopefully I can add something to the thread.

Would you consider this a good candle, to enter short on the next candle?

Attachment
personally, to me anything less than 4h chart is just noise in the market. i'm not saying you can't trade them but there's a lot of false signal in noisy TF. Personally, i use 4h or higher tf chart to define the overall trend and sometimes i do use 1h to define my entry.

perhaps, other traders here who are experts in lower TF can explain better to you. sorry for not being able to help you on this subject but if the TF you showed is a 4h, it can be a reversal and the confirmation is the closed below the low of the doji.
  • #310,969
  • May 2, 2012 8:32am May 2, 2012 8:32am
Quoting Makavelli7
What???on a 5 munites chart!!!
Thanks for reply.

Do you mean 5 min can´t be used for entry?

To me, the trend obviosly seems to be down for the day, and I look for an entry on smaller time frame. Not a good idea?
  • #310,970
  • May 2, 2012 8:35am May 2, 2012 8:35am
Quoting Faller
Same bullshit in here......why can't people just get along?

I trade to live
  • #310,971
  • May 2, 2012 8:39am May 2, 2012 8:39am
Quoting A-speculator
personally, to me anything less than 4h chart is just noise in the market. i'm not saying you can't trade them but there's a lot of false signal in noisy TF. Personally, i use 4h or higher tf chart to define the overall trend and sometimes i do use 1h to define my entry.

perhaps, other traders here who are experts in lower TF can explain better to you. sorry for not being able to help you on this subject but if the TF you showed is a 4h, it can be a reversal and the confirmation is the closed below the low of the doji.
Thank for reply. So close below doji is confirmation.

I try to work with diffent timeframes. Finding trend on bigger TF, and entry on smaller TF.
  • #310,972
  • Edited 9:13am May 2, 2012 8:53am | Edited 9:13am
Little late in posting while seeing wave II of 3 /4 up starts,6185 & 6211 respectively . so bear doing well .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #310,973
  • May 2, 2012 9:00am May 2, 2012 9:00am
Quoting nAVIN2007
this is not the time to long..1.6320 is a brick wall..without a retrace..
I will go as far as saying..i will give u vouch if it breaks without a retrace..im this sure

if it breaks u have a brilliant trade
1.6159 is the farthest correction south that cable'll make. 1.6320 is the target from here forth
The only way not to think about money is to have a great deal of it
  • #310,974
  • May 2, 2012 9:02am May 2, 2012 9:02am
the overall trend for this week should be down, think friday it will gives us a little up move
  • #310,975
  • May 2, 2012 9:12am May 2, 2012 9:12am
Quoting Makavelli7

1.6159 is the farthest correction south that cable'll make. 1.6320 is the target from here forth


U mean that she can break the ceiling of 1.6301...!?





Doubtful...







Patterns have an underlying mathematical structure.
  • #310,976
  • May 2, 2012 9:13am May 2, 2012 9:13am
closed short for a nice 80 pipp!

long 1.6170,
st 1.6140,
tp 1.6300
  • #310,977
  • May 2, 2012 9:23am May 2, 2012 9:23am
Quoting pippaholic
closed short for a nice 80 pipp!

long 1.6170,
st 1.6140,
tp 1.6300
without 4h closed back above the 6185 level, hard to imagine higher price level.. that area has been a support before and imho it might be support turned resistance for the price..
  • #310,978
  • May 2, 2012 9:27am May 2, 2012 9:27am
Quoting Flynchenberg
So guys,

GBP is not going up on bad news this morning??
Such a shame, LOL




Seb

News don't matter this recent weeks I see...only manipulation concerns.. IMO

but seems it is ending by the end of week...if it is..IMO
I trade to live
  • #310,979
  • May 2, 2012 9:28am May 2, 2012 9:28am
Quoting pippaholic
closed short for a nice 80 pipp!

long 1.6170,
st 1.6140,
tp 1.6300

Same done here !

but Target a little lower...

G'luck






Patterns have an underlying mathematical structure.
  • #310,980
  • May 2, 2012 9:40am May 2, 2012 9:40am
Quoting A-speculator
from your answer, i really think you're not ready trading live.

the reason is:

1) Indicator is just an instrument which suppose to help you in your decision making and it should not be your decision making tools meaning that you have to study price action/candlesticks/bar chart to master the market.

2) quit using robots/EA since if they can make money with it, why they sell it to you and if you think the programs are far superior than us (human) why wall street still need us to trade? think about it.

3) there's several legitimate broker...

wise advise brother
I trade to live
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