Good MA's to use 24, 55, 200, 600, 1440. You will see they are the key ones that get the bounces. The 24 is the trigger. 200 a main one. Magix uses EMA's I like having both EMA's and SMA's on chart. C.

Rufus

Still long and have been. Took a loss on Sunday night/Monday with my longs. I knew it was going up but the fake out down got me. All well, you win some you lose some. Overall still long bias. This has been a slow ride up though and for all practical ...

Cable Update (GBPUSD)

The 1440 EMA is an expodential moving average. It is a point of resistance (or support). We break that which we did, we move up. if the resistance holds... we go down.

Cable Update (GBPUSD)

It will.

Cable Update (GBPUSD)

Wormie, How's it going? Hope your trading well. Cheers, C.

Cable Update (GBPUSD)

Could be subtle differences there. Different brokers, different info. Also do you apply to close, weighted, open. etc.. They are close though that is the important part

Cable Update (GBPUSD)

That green line above current candle is the 1440 EMA. We need to break that resistance to move upward to the 5450, 5490 and 5525 area. If that holds, we move back down. I still think we see 5600.

Cable Update (GBPUSD)

Here is the updated chart. I still think we get new highs on the hour.

The Boardroom

How's the trading plan coming Rufus? Hopefully all is well. C.

Rufus

Come on Kill, I am a voodoo boodoo, do you think I would actually short? lol url C.

Cable Update (GBPUSD)

So is MA's and fibs.. They all work well together. Gives the triple Voodoo Boodoo.

Cable Update (GBPUSD)

Here is my chart of my account balance. Maybe you can help me. What am I doing wrong or does that look right? Any help you can give would be good.

Cable Update (GBPUSD)

As we speak, we are following th 1440 on the slow slope down, However, the 200 is moving upward. Fib action hints that we will travel further north to 5450 to 5525. I think we may see a bounce downward and then the rise up to those levels. My bias ...

The Boardroom

Zulu, You are right. As we speak, we are following th 1440 on the slow slope down, However, the 200 is moving upward. Fib action hints that we will travel further north to 5450 to 5525. I think we may see a bounce downward and then the rise up to ...

Cable Update (GBPUSD)

I use both.. They work well together. also not to far off from each other. Same with the 200's and the 55's.

Cable Update (GBPUSD)

I believe he is still long targeting mid 5500's.

Cable Update (GBPUSD)

Yes, post charts, talk real time etc. It's great place.

Cable Update (GBPUSD)

Sorry, we spend more time in skype then we do in here anymore.

Cable Update (GBPUSD)

Put fibs and/or MA's on the charts. Those give very good levels to set SL's and tp's.

Cable Update (GBPUSD)

It's rare we are all here.

Cable Update (GBPUSD)