Well I have not used it on the hour. I use the Guppy System along with part of the Vegas tunnel. On the Stoch if u r in a short and it is under 20 that is good, if it starts coming up over 20 check the movement of the RSI AND MACD. If itlooks like ...

Cable Update (GBPUSD)

sorry for the spelling and english I am getting very tiried and need to get some sleep.

Cable Update (GBPUSD)

Here is the template for Meta Trader. Remebr the Stoch is used for exit only. When u r long and it is over 80 and starts turn return and god below 80 get out and the same with a short but the lower part. Other then that forget it is their. Sam os a ...

Cable Update (GBPUSD)

False signals are used by the Stoch. You do not want to be greedy with a scalping system - 3, 5 & 10 pips. With this mornings trade u had a nice dragon fly dojio form on the hour. So I just waited to enter at the right time. and place my stop 5 pips ...

Cable Update (GBPUSD)

1st question it is a one min. chart. I trade with the trend of when I think there is a reversal, base on price action, S&R and Fibs is a great time to use it. Here is the chart again in a zip file, hope this helps. Aslo very good to use to get into ...

Cable Update (GBPUSD)

want to scalp — Here is my last trade. This is a very good scapling system. Set your BB band at 18 - Close - 2 Deviation, a 3 EMA Close, MACD - Set 8-18-9, RSI -14. When 3 ema crosses the center BB band and the MACD bar is above zero and the ...

Cable Update (GBPUSD)

Finally I am done 117 pips on the short and 22 pips on the long I just closed. Look to sell at 1.9485 - 1.9500. Have a good day or night

Cable Update (GBPUSD)

yea right a confusing report. Mixed numbers again the story of the US reports

Cable Update (GBPUSD)

Well the last 2 reports from the NAHB have increased and it is having a real hard time getting by the 9461 area. It looked good for a while and still has a chance. but the short bias is holding strong. You do have a dragon fly Doji on the hour ...

Cable Update (GBPUSD)

a triangle consist of 5 waves A,B,C,D & E with 3 subwaves in each wave.

Cable Update (GBPUSD)

Yes I agree, I am looking for a retracement to the 9485 - 9490 area before the news. But it needs to break this 9461

Cable Update (GBPUSD)

higher number

Cable Update (GBPUSD)

Anything to done with housing for the US market is big. That is what started this whole trend at least 70% of it. Wouldn't you say ?

Cable Update (GBPUSD)

reversal — I would not enter a long until the price closed above the 161.8 fib. Either on the 15, 30 or hour chart. I am still waiting for the signal. But if u r long a 30 - 50 SL should be ok. Since the UK market is closing orders right now ...

Cable Update (GBPUSD)

Depends on the housing data that comes out at 1pm. I think that will move the market at least 30 pips or more. I do not expect a good housing data. All the news that has been good has been from retail, due to the hoildays. Wow Happy Holidays to All ...

Cable Update (GBPUSD)

reversal — sorry another support was 9411-9400

Cable Update (GBPUSD)

reversal — Here is something to think about. Another area of important support to break is 9430 then to 9411 - 9440. Being that we are in a Wave 4 correction , the 1-2-3 move that was spoken of earlier. Which has just broken the 161.8 fib ...

Cable Update (GBPUSD)

Thanks Fixme1too for the feedback.

Cable Update (GBPUSD)

That is a fact 100 %. But with the ADP coming out stronger then expected, some people are now re-thinking those long positions. Also major investors that realize that the weaker dollar will hurt world trade will try and drive this price down. But ...

Cable Update (GBPUSD)

this is true and if it does happen it may be in March or April Interest rates in the US would need to be lowered and the interest rates in UK would need to be increased.

Cable Update (GBPUSD)