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Cable Update (GBPUSD)

  • #402,641
  • Oct 11, 2014 3:17am Oct 11, 2014 3:17am
Quoting albchr
{quote} Soooo .... you have no conclusion as to the likely direction of this pair in the near to mid term future? You'll "wait and see"? Is that correct?
my view is not a best performance so dont folow my analize
weekly chart:down if broke 160.61 area will finde support resistance at 156:85 but firste on dally chart will hapen a retracment to confirm 160:61 as a suport resistance beefor brake futher down..

dally,retracment to area 162:09 on monday follow by a continuation of the downtrend,stoping on keys resistance lines,160:61+

4h chart first on monday target 161:00 ending the 4 hours after opning retracment to area 159';89. is what i will trade if good is more pips if not i will not close on red...
this is only my view dont trade open on it:
all times learnning
  • #402,642
  • Oct 11, 2014 3:22am Oct 11, 2014 3:22am
re-write your analysis in case market opens with a gap on either side....
  • #402,643
  • Oct 11, 2014 3:30am Oct 11, 2014 3:30am
Quoting kami123123
re-write your analysis in case market opens with a gap on either side....
this n.are my action points and is not an open positions,i learn only make the trade after us session open.. but thanks to remember,,
all times learnning
  • #402,644
  • Oct 11, 2014 3:45am Oct 11, 2014 3:45am
Quoting verdisol
{quote} my view is not a best performance so dont folow my analize weekly chart:down if broke 160.61 area will finde support resistance at 156:85 but firste on dally chart will hapen a retracment to confirm 160:61 as a suport resistance beefor brake futher down.. dally,retracment to area 162:09 on monday follow by a continuation of the downtrend,stoping on keys resistance lines,160:61+ 4h chart first on monday target 161:00 ending the 4 hours after opning retracment to area 159';89. is what i will trade if good is more pips if not i will not...
That's cool. You have a plan.

At the risk of sounding a touch .... shall we say ... conceded? I follow only one person's analysis and that's mine. Soooo ... no worries there.

Best wishes to you and have a great weekend.
Ghost Rider - WWTBMD?
  • #402,645
  • Oct 11, 2014 4:38am Oct 11, 2014 4:38am
market seems to be trying to find swing point ,if inverted hammer fails expect over 500 pips down ,could be we see 400 pips up ,then fall ,
Attached Image (click to enlarge)
Click to Enlarge Name: 1 gbp USD (DFB).png Size: 20 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #402,646
  • Oct 11, 2014 5:18am Oct 11, 2014 5:18am
Quoting Bones
market seems to be trying to find swing point ,if inverted hammer fails expect over 500 pips down ,could be we see 400 pips up ,then fall , {image}
Yeah, I don't believe we'll see a straight, direct drop from here - unless there is sweeping risk aversion.
  • #402,647
  • Oct 11, 2014 7:18am Oct 11, 2014 7:18am
Quoting Didgeridoo
{quote} Yeah, I don't believe we'll see a straight, direct drop from here - unless there is sweeping risk aversion.
Please explain what is meant by this?
  • #402,648
  • Edited 8:27am Oct 11, 2014 8:14am | Edited 8:27am
Quoting Didgeridoo
{quote} Yeah, I don't believe we'll see a straight, direct drop from here - unless there is sweeping risk aversion.
exactly but there is trend line in weekly chart it says up target is 6125 to 6200

https://charts.mql5.com/5/923/gbpusd...nvestments.png
  • #402,649
  • Oct 11, 2014 8:23am Oct 11, 2014 8:23am
Quoting navk
{quote} My Friend, I am just doing some tests, based on some systems. The current entry, short in GA is not a good idea. Also, I have seen that you trade based on yellow line, reversal assumption. Not a good idea as always, the trend can extend little more what we draw as support or resistance. In stead just think of of long entry on GA on Sunday/ Monday. I am not going to wait for long to book my profit in the current short.
You are rite next week is UP, My levels for GCAD are ready for next week ( GCAD should come DOWN a bit before more UP)
Will prepare my levels for GA today ( At present MY GCAD SHORT is GREEN, GA SHORT RED, But will Get OUT ASAP on Sunday)
A good trader follows his rules, but great trader knows when to break them
  • #402,650
  • Edited 8:54am Oct 11, 2014 8:32am | Edited 8:54am
Going strongly up. Shorting is my stupidity. Will get out soon as soon as I see some green pips.

Going with the trend is always a good idea instead of going across the trend and get crashed.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM5.png Size: 41 KB
Intraday only.
  • #402,651
  • Oct 11, 2014 8:34am Oct 11, 2014 8:34am
Here is day chart levels 5950 to 6200 psychological areas

https://charts.mql5.com/5/924/gbpusd...nvestments.png
  • #402,652
  • Edited 8:55am Oct 11, 2014 8:36am | Edited 8:55am
GCAD

Longing GC is better idea than shorting GA.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADM5.png Size: 40 KB
Intraday only.
  • #402,653
  • Oct 11, 2014 9:00am Oct 11, 2014 9:00am
Quoting navk
GCAD Longing GC is better idea than shorting GA. {image}
You have a low level on GCAD for LONG Entry( Not at my charting computer, But i think it was about 20-40 pips DOWN before more up)
A good trader follows his rules, but great trader knows when to break them
  • #402,654
  • Oct 11, 2014 9:02am Oct 11, 2014 9:02am
Quoting ill_be_back
{quote} You have a low level on GCAD for LONG Entry( Not at my charting computer, But i think it was about 20-40 pips DOWN before more up)
Yeah I agree, 1.7960/65 it shows in my chart.
Intraday only.
  • #402,655
  • Oct 11, 2014 9:03am Oct 11, 2014 9:03am
GU 4H
https://charts.mql5.com/5/924/gbpusd...nvestments.png
  • #402,656
  • Oct 11, 2014 9:11am Oct 11, 2014 9:11am
Quoting ill_be_back
{quote} You are rite next week is UP, My levels for GCAD are ready for next week ( GCAD should come DOWN a bit before more UP) Will prepare my levels for GA today ( At present MY GCAD SHORT is GREEN, GA SHORT RED, But will Get OUT ASAP on Sunday)
But one question remains: Are YOU patient enough?
Fix up, trade sharp ...
  • #402,657
  • Oct 11, 2014 9:21am Oct 11, 2014 9:21am
Quoting Hickson
{quote} But one question remains: Are YOU patient enough?
Not at all, When I Enter A trade I want it to be GREEN (Like me)
A good trader follows his rules, but great trader knows when to break them
  • #402,658
  • Oct 11, 2014 9:51am Oct 11, 2014 9:51am
Quoting navk
{quote} My Friend, I am just doing some tests, based on some systems. The current entry, short in GA is not a good idea. Also, I have seen that you trade based on yellow line, reversal assumption. Not a good idea as always, the trend can extend little more what we draw as support or resistance. In stead just think of of long entry on GA on Sunday/ Monday. I am not going to wait for long to book my profit in the current short.
My YELLOW LINES are touched 90% of time, But you are rite Will change my strategy
Will change color of my YELLOW LINE to GREEN & TP at this levels & reenter from lower in the direction of the trend
A good trader follows his rules, but great trader knows when to break them
  • #402,659
  • Edited 12:06pm Oct 11, 2014 10:40am | Edited 12:06pm
Quoting ill_be_back
{quote} My YELLOW LINES are touched 90% of time, But you are rite Will change my strategy Will change color of my YELLOW LINE to GREEN & TP at this levels & reenter from lower in the direction of the trend
Yeah, probably those yellow lines must be green lines to exit from positions and not for reversal entry.
Intraday only.
  • #402,660
  • Oct 11, 2014 4:08pm Oct 11, 2014 4:08pm
Does anybody see a anything like this on GCAD 1 min chart
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 8 KB
A good trader follows his rules, but great trader knows when to break them
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