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Cable Update (GBPUSD)

  • #340,081
  • May 5, 2013 11:29pm May 5, 2013 11:29pm
i just hope a good signal for me doesn't come late in the move. from volumes i find a build up of opposing positions which usually explode once a dominant direction arises.

please make me aware of other views that may see otherwise..

cheers
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #340,082
  • May 6, 2013 1:43am May 6, 2013 1:43am
let's take profit for Q2 candle ........

Q2 ..open at 516x... let's close it
not euphoria follower
  • #340,083
  • May 6, 2013 1:45am May 6, 2013 1:45am
Quoting xau
Just my two cents... We could reach 61 fib level, there is some important resistance imo - 200sma on weekly tf, some minor trendline crosses, some consolidation area. {image} {image}
Come with me if you want to live....
  • #340,084
  • May 6, 2013 2:08am May 6, 2013 2:08am
heading to weekly pivot ? about 10 pips from now. there is still 5 days to close the week

monthly pivot : 537x. there is still xxx days to close the month ..
not euphoria follower
  • #340,085
  • May 6, 2013 3:23am May 6, 2013 3:23am
Quoting skyhawkps
{quote} I recently changed my broker into Oanda and so far so good. I have no complain about treads, signal, execution and etc! Before was UpFX.com. What you have experience from your broker was nothing... it was worse for me.

Thanks all for your responses.
  • #340,086
  • May 6, 2013 3:30am May 6, 2013 3:30am
its like watching paint dry. Looks like one of those days.
  • #340,087
  • May 6, 2013 5:33am May 6, 2013 5:33am
price is down at daily pivot , will it do up
  • #340,088
  • May 6, 2013 6:05am May 6, 2013 6:05am
I doubt it
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #340,089
  • May 6, 2013 6:33am May 6, 2013 6:33am
Watching USD Index, we are trying to find support on the triangle breka... just had false break one way now i believe we will go up and Euro down but its a fight as Stochastics are all overbought on USD so we have mixed feelings... people tradign stochs trying tot ake Euro up and people trading price trying to take it down.. who will win... hopeing price wins myself
  • #340,090
  • May 6, 2013 6:34am May 6, 2013 6:34am
Quoting ferreira1239
its like watching paint dry. Looks like one of those days.

Its a Monday, their normally liek this... normally Monday;s retrace Friday's move but Friday retraced its move immediately so now there's a fight on
  • #340,091
  • May 6, 2013 6:38am May 6, 2013 6:38am
Quoting xau
Just my two cents... We could reach 61 fib level, there is some important resistance imo - 200sma on weekly tf, some minor trendline crosses, some consolidation area. {image} {image}

i'm looking for a short there for a few hundred pips.. but bthe short which will be disaster for GBP is around 15990/16030.. aint got charts up for cable currently but thats what i remember as that move predicts 140... then its time to take baskets against the GBP... like GBP Aud.. Eur GBP and others
  • #340,092
  • May 6, 2013 6:45am May 6, 2013 6:45am
now about 10 pips below weekly pivot and start knocking last friday - daily open....


Quoting iqyu5an
heading to weekly pivot ? about 10 pips from now. there is still 5 days to close the week monthly pivot : 537x. there is still xxx days to close the month ..
not euphoria follower
  • #340,093
  • May 6, 2013 6:49am May 6, 2013 6:49am


Quoting iqyu5an
http://www.youtube.com/watch?v=YKn6h2x5IcY Pound Futures h4 : LH and LL daily : bullish candle, bearish abcd + bearish 3 drive pattern and stucked in median line, dreaming ...dragon bearish for bullish shark + bullish dragon in future {image}
don't follow meh....

kiwi setup
not euphoria follower
  • #340,094
  • May 6, 2013 6:51am May 6, 2013 6:51am
Quoting iqyu5an
now about 10 pips below weekly pivot and start knocking last friday - daily open.... {quote}

Expecting it to reach 155 and possibly below.. missed my short trying to be too perfect but expecting a bounce to 155.60 here and then i will be short targetting S1 and 60 pips
  • #340,095
  • May 6, 2013 7:20am May 6, 2013 7:20am
50 fibo of friday candle seems acting as resistance at the moment but who knows...

monthly pivot around 537x..

in harmonic view.. it seems PA is going to break PRZ of big bearish abcd. bottom of prz is around 546x/7x. once broken... gonna be happy to say hi to monthly pivot... but no one knows the exact... and no straight lines in forex


friday - daily open....get broken. could retest low of thursday or friday's low ... let see

Quoting RussJ
{quote} Expecting it to reach 155 and possibly below.. missed my short trying to be too perfect but expecting a bounce to 155.60 here and then i will be short targetting S1 and 60 pips
not euphoria follower
  • #340,096
  • May 6, 2013 7:40am May 6, 2013 7:40am
Loaded again ........ 1.5495 looks a valid support for now ....... it it breaks then i 'll BE my SL
Attached Image (click to enlarge)
Click to Enlarge Name: GBP USD.png Size: 20 KB
  • #340,097
  • May 6, 2013 8:04am May 6, 2013 8:04am
Quoting ferreira1239
{quote} Any recomendations. would be gratefull.
I use Interactive Brokers. They're a "proper" broker, which caters to institutions as well as retail clients. Therefore they don't mess about; they are never down; the spread you see is the spread in the market. They also allow you to trade futures (direct market access), options, options on futures, stocks, bonds.
But their charts are absolutely s**t.
Having said that, for forex I use the charts on fxstreet (chart station) which works great for me.

There must be tons of reviews of fx brokers around. Was it IronFX or something that I saw had received awards? Don't know.
I have no clue what I'm talking about.
  • #340,098
  • May 6, 2013 8:26am May 6, 2013 8:26am
Quoting Boy Wonder
{quote} I use Interactive Brokers. They're a "proper" broker, which caters to institutions as well as retail clients. Therefore they don't mess about; they are never down; the spread you see is the spread in the market. They also allow you to trade futures (direct market access), options, options on futures, stocks, bonds. But their charts are absolutely s**t. Having said that, for forex I use the charts on fxstreet (chart station) which works great for me. There must be tons of reviews of fx brokers around. Was it IronFX or something that I saw...

thanks
  • #340,099
  • May 6, 2013 8:27am May 6, 2013 8:27am
Quoting RussJ
{quote} Expecting it to reach 155 and possibly below.. missed my short trying to be too perfect but expecting a bounce to 155.60 here and then i will be short targetting S1 and 60 pips


yea 5560 looks like a good level for short again.
  • #340,100
  • May 6, 2013 9:03am May 6, 2013 9:03am
not sure if it will go up to 5560 as there is no momentum left. got 30 pips out of the last run. Not mutch when it comes to swing trading but pips is pips to me.
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