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Cable Update (GBPUSD)

  • #431,561
  • May 30, 2016 6:03am May 30, 2016 6:03am
Quoting Captain-
GU IF breaks long {image}
With a 15 pip SL
I just don't post analysis I trade it .
  • #431,562
  • May 30, 2016 6:08am May 30, 2016 6:08am
Quoting HaLBot
{quote} I have 4hr clicking over now...
Down to broker times etc and where you are. It's 14.03 in UK right now.

Think about it. 4h bar opens at midnight then 4 am then 8 am etc which is London open and obviously important time of the day. You are two hours out.
  • #431,563
  • May 30, 2016 6:08am May 30, 2016 6:08am
little bit of volume will push it )
  • #431,564
  • May 30, 2016 6:13am May 30, 2016 6:13am
Quoting KeenPips
{quote} Bro, Imho, I think you need more than that. Go for a top-down approach based mainly on pa. Lil.
Ok, but from my rules, it said I should jump in . Will look into it if it fixes my styles of trading
  • #431,565
  • May 30, 2016 6:17am May 30, 2016 6:17am
Quoting claudia1
{quote} Down to broker times etc and where you are. It's 14.03 in UK right now. Think about it. 4h bar opens at midnight then 4 am then 8 am etc which is London open and obviously important time of the day. You are two hours out.
Two of my brokers platforms have new 4hr candle now as does dailyfx.com but fxstreet.com chart has it as you say...so when I say 4hr candle is most bullish for sometime you and me are looking at different charts......sheeeeeez why aren't they all uniform??????
Don't Leave Money on the Table
  • #431,566
  • May 30, 2016 6:18am May 30, 2016 6:18am
Quoting HaLBot
{quote} Two of my brokers platforms have new 4hr candle now as does dailyfx.com but fxstreet.com chart has it as you say...so when I say 4hr candle is most bullish for sometime you and me are looking at different charts......sheeeeeez why aren't they all uniform??????
lol that would make life way too easy!!!
  • #431,567
  • May 30, 2016 6:19am May 30, 2016 6:19am
Quoting claudia1
{quote} lol that would make life way too easy!!!
Don't Leave Money on the Table
  • #431,568
  • May 30, 2016 6:25am May 30, 2016 6:25am
So much for the bullish tone....
Don't Leave Money on the Table
  • #431,569
  • May 30, 2016 6:38am May 30, 2016 6:38am
Quoting HaLBot
So much for the bullish tone....

yea, I know it will but there should be no volume today, and I just closed my position with minor loss. rule 1#.
  • #431,570
  • May 30, 2016 6:39am May 30, 2016 6:39am
Quoting HaLBot
So much for the bullish tone....
It's dead as both UK and US have holidays. Go look at e/j that was fun. I'm off trade good.
  • #431,571
  • May 30, 2016 6:40am May 30, 2016 6:40am
Quoting claudia1
{quote} lol that would make life way too easy!!!
I think you can make your own four hr candles yourself I have starting doing it and it giving me another view of the market
  • #431,572
  • May 30, 2016 6:45am May 30, 2016 6:45am
Quoting adetola99
{quote} I think you can make your own four hr candles yourself I have starting doing it and it giving me another view of the market
No problem with that was just pointing out that if trading GBP crosses then it makes sense to use UK time surely?
  • #431,573
  • May 30, 2016 6:46am May 30, 2016 6:46am
Quoting claudia1
{quote} It's dead as both UK and US have holidays. Go look at e/j that was fun. I'm off trade good.
Some good pips there, I'm going to have to keep an eye on it for some nice trades...
Don't Leave Money on the Table
  • #431,574
  • May 30, 2016 6:47am May 30, 2016 6:47am
Each trading session is 8hr for me, I trade London session alone .I pick my open from London and my close at the next 4hr from there than I chose my high,low and close
  • #431,575
  • May 30, 2016 6:50am May 30, 2016 6:50am
Quoting adetola99
Each trading session is 8hr for me, I trade London session alone .I pick my open from London and my close at the next 4hr from there than I chose my high,low and close
but still working on it
  • #431,576
  • May 30, 2016 6:53am May 30, 2016 6:53am
Neutral on this pair right now.
  • #431,577
  • May 30, 2016 8:00am May 30, 2016 8:00am
1hr to close of London session
  • #431,578
  • May 30, 2016 8:04am May 30, 2016 8:04am
Quoting adetola99
1hr to close of London session
But this is where your times are so wrong. First London won't close as it's not open, second London settlement/fix is 16.00 which is now if it were open.
  • #431,579
  • May 30, 2016 8:21am May 30, 2016 8:21am
Quoting claudia1
{quote} But this is where your times are so wrong. First London won't close as it's not open, second London settlement/fix is 16.00 which is now if it were open.
So what to look for at the London fix, does anything important happen on normal trading days?
Don't Leave Money on the Table
  • #431,580
  • May 30, 2016 8:25am May 30, 2016 8:25am
Quoting claudia1
{quote} But this is where your times are so wrong. First London won't close as it's not open, second London settlement/fix is 16.00 which is now if it were open.
sorry for that mistake London is not open for today.thanks for the correction
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