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Cable Update (GBPUSD)

  • #338,981
  • Apr 17, 2013 1:04pm Apr 17, 2013 1:04pm
can someone please reccomend a the best forex broker/platform to go with.
  • #338,982
  • Apr 17, 2013 1:14pm Apr 17, 2013 1:14pm
Quoting alex1976
can someone please reccomend a the best forex broker/platform to go with.
10 different people will give you 10 different answers on that one.

Can only recommend what I use which is Metatrader 4 with Alpari. Their spreads are quite constant, good with executing SL's with no slippage and re-quotes don't happen too often.
  • #338,983
  • Apr 17, 2013 1:53pm Apr 17, 2013 1:53pm
ok tks
  • #338,984
  • Apr 17, 2013 2:19pm Apr 17, 2013 2:19pm
Quoting alex1976
ok tks
I am happy with Admiral Markets
Loosening is not an option
  • #338,985
  • Apr 17, 2013 2:43pm Apr 17, 2013 2:43pm
Quoting Trader88q
u think similiar like me. but i think 61.8 fibo is a stop point for bears. the fake scenario could be that we will break 5180 level and go to 5135 and here is the optimal point i think. but i will trade in 5180 zone
Ok , any level can stop this correction down to last up .very strong up intention as we seen crazy up & not want give any space for correction , like so far no correction properly in the first leg up & stayed for few days as such & so if correct correction to have more up may down 5162 after 5239 breaks (if crazy active yet) . hope not & so 5034/26 breaks come in action or even pullback now goes to previous bottom .

You see gu in great trend down now & now just time for pullback or if any doubt to clear , that is do or die . If the last , already in that path so pullback can be any size ,last leg up & over 5317 can be formally over the up correction too,even stop any pip up next to continue bear also very ok.

taking as simple as of all ordinary times , no crazy part as active , then a good correction to 5026 or less to have last leg up , to top again & new tops welcome , all as in bear set up to bear invalidate bear set up to turn a bull set up too.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #338,986
  • Apr 17, 2013 3:16pm Apr 17, 2013 3:16pm
dear friends
can someone confirm my idea?
at GBP/USD i see a head and shoulders pattern?
what do u think?
thanks!
  • #338,987
  • Apr 17, 2013 3:52pm Apr 17, 2013 3:52pm
Quoting turk trader
dear friends can someone confirm my idea? at GBP/USD i see a head and shoulders pattern? what do u think? thanks!

Which timeframe are you looking at?

This pair has been choppy of late and for me any trades here are too risky.
Money never sleeps...
  • #338,988
  • Apr 17, 2013 3:58pm Apr 17, 2013 3:58pm
Quoting fontu
Ok , any level can stop this correction down to last up .very strong up intention as we seen crazy up & not want give any space for correction , like so far no correction properly in the first leg up & stayed for few days as such & so if correct correction to have more up may down 5162 after 5239 breaks (if crazy active yet) . hope not & so 5034/26 breaks come in action or even pullback now goes to previous bottom . You see gu in great trend down now & now just time for pullback or if any doubt to clear , that is do or die . If the last , already...
Hi Fontu,

I still see many similarities to the PA of the same period of 2010. The candles for January. February, March and April look almost identical to those in 2010. Infact, if you scoot back on FF to that time the arguments were similar too and it will be interesting to see if we see a resumption in the downtrend during the month of May. Im not trading the pair right now, I actually have nothing open at all right now. Will look to enter long on any potential low if the said sell off does happen in May.

Good luck with your trades.
Money never sleeps...
  • #338,989
  • Apr 17, 2013 4:02pm Apr 17, 2013 4:02pm
Quoting alex1976
can someone please reccomend a the best forex broker/platform to go with.

Im with FXCM, never had any problem at all with anything.
Money never sleeps...
  • #338,990
  • Apr 17, 2013 4:05pm Apr 17, 2013 4:05pm
Quoting Maso
But the required momentum for this big fall is not enough in May. In June we will see a new governor...
Well there was certainly enough momentum for a 1000 pip drop in 1 month last May.
What on earth has a new Governor got to do with getting there in May or June?
Come with me if you want to live....
  • #338,991
  • Apr 17, 2013 4:14pm Apr 17, 2013 4:14pm
Quoting Ill-b-back
Well there was certainly enough momentum for a 1000 pip drop in 1 month last May. What on earth has a new Governor got to do with getting there in May or June?
I think over the last 3 years May has seen an average sell off around 900 pips,
Money never sleeps...
  • #338,992
  • Apr 17, 2013 4:17pm Apr 17, 2013 4:17pm
Quoting Ill-b-back
Well there was certainly enough momentum for a 1000 pip drop in 1 month last May. What on earth has a new Governor got to do with getting there in May or June?
yeah, i want to know that too..
  • #338,993
  • Apr 17, 2013 4:33pm Apr 17, 2013 4:33pm
Quoting inpatient
I think over the last 3 years May has seen an average sell off around 900 pips,
Sell in May and walk away as they say

Just don't get carried away
Come with me if you want to live....
  • #338,994
  • Apr 17, 2013 4:50pm Apr 17, 2013 4:50pm
Quoting Ill-b-back
Sell in May and walk away as they say Just don't get carried away
yeah, i wonder why May?...
  • #338,995
  • Apr 17, 2013 4:51pm Apr 17, 2013 4:51pm
Quoting A-speculator
yeah, i wonder why May?...
Dunno bro,

I'm a massage therapist...
Come with me if you want to live....
  • #338,996
  • Apr 17, 2013 4:59pm Apr 17, 2013 4:59pm
Quoting A-speculator
yeah, i wonder why May?...

It is more referring to what is known as the Halloween Indicator in Equities.

Theory and historical figures show that the stocks are more bullish between Halloween and April, they then see a correction in May.
Money never sleeps...
  • #338,997
  • Apr 17, 2013 5:06pm Apr 17, 2013 5:06pm
Quoting Ill-b-back
Dunno bro, I'm a massage therapist...
sell in may and go away is an old saying on wall street.. perhaps because of cyclical pattern of bearish movement during the period until november when stocks actually make some gains.. well, nobody actually knows the reason why this happens.. anyone here got some idea regarding this, please do share..

thank you.
  • #338,998
  • Apr 17, 2013 5:08pm Apr 17, 2013 5:08pm
Quoting inpatient
It is more referring to what is known as the Halloween Indicator in Equities. Theory and historical figures show that the stocks are more bullish between Halloween and April, they then see a correction in May.
yeah, i think so..

"According to the Stock Trader's Almanac, since 1950, the Dow Jones Industrial Average has had an average return of only 0.3% during the May-October period, compared with an average gain of 7.5% during the November-April period"
  • #338,999
  • Apr 17, 2013 6:23pm Apr 17, 2013 6:23pm
so quite in here, GU seen like bearish continue
  • #339,000
  • Apr 17, 2013 7:55pm Apr 17, 2013 7:55pm
Quoting pindang
so quite in here, GU seen like bearish continue
A closed daily break and retest of the ascending daily TL (low to low) would be a potential sell.

A sell off like this prior to unemployment claims is sus to me.
Come with me if you want to live....
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