GBP/USD 4hr Setup in The Daily Time Frame

[rolston]

we have suport at

1.5825 ( 5min Chart)

1.5812 (15min chart)

1.5794 (30 min Chart)

Day traders do not trade 5min suport to weak. look at lower suport stronger

all the best for today will be back at 5.00pm uk

take your proits and have your stops in place

this can still can pull back down around london open.

 

[rolston]

A lot of uk new today

(Claimant Count Change) 9.30

MPC Member Posen Speaks

Unemployment Rate

Do not trade new . if new to trading

 

[JRP2891]

What is the aim of this thread?

Thanks.

 

[rolston]

Hi

still holding need to brack rist here then next target

 

[rolston]

take part profit here move stops

 

[rolston]

Can from here fall right back to suport at 1.5830 or 1.5814 if she do not brake this rist

 

[rolston]

if you are looking to play a short play look at about (1.5925 . the 4hr rist.)BUT THis is if we brakes this rist here .
And if she brake the 4hr Rist we will be looking at 1.600

 

[rolston]

1Hi My name is rolston i trade GBP/USD USD/YPL EUR/USD

When I Trade I use all time frames monthly to 1 min chart

I trade off all Timeframes using support or resistance as will fibs entering on the 1min chart.

THE MOST important thing you most now when trading is what TIME FRAME you are trading in
i.e. GBP/USD is in the MonthlyTime Frame but it has to find support above the Monthly moving avg with big resistance at 1.600

What is happening as off close Friday?

1. Price 1.59678 resistance here if broken TO UP SIDE target 1.600 if broken 1.60839

2. Price 1.59678 resistance Here if NOT BROCKEN DOWN SIDE Target Fist.

3. We are in a UPTREND

Trading Off 1Hr Support Line in (Daily/Weekly Time Frame)
a. support line at 1.5838
B. 1Hr Support at 1.58451
c. ENTRY BUY 1.58279 (STOP 1.57779)


Trading Off 4 Hr Support Line in ( Daily/Weekly Time Frame)
a. Support Line at 1.57846
b.ENTRY BUY 1.57846 (STOP 1.57443)[/QUOTE]

 

[rolston]

 

[rolston]

i will be taking proif here

 

[karl123]

[/ATTACH]


Hi My name is rolston i trade GBP/USD USD/YPL EUR/USD

When I Trade I use all time frames monthly to 1 min chart

I trade off all Timeframes using support or resistance as will fibs entering on the 1min chart.

THE MOST important thing you most now when trading is what TIME FRAME you are trading in
i.e. GBP/USD is in the MonthlyTime Frame but it has to find support above the Monthly moving avg with big resistance at 1.600

What is happening as off close Friday?

1. Price 1.59678 resistance here if broken TO UP SIDE target 1.600 if broken 1.60839

2. Price 1.59678 resistance Here if NOT BROCKEN DOWN SIDE Target Fist.

3. We are in a UPTREND

Trading Off 1Hr Support Line in (Daily/Weekly Time Frame)
a. support line at 1.5838
B. 1Hr Support at 1.58451
c. ENTRY BUY 1.58279 (STOP 1.57779)


Trading Off 4 Hr Support Line in ( Daily/Weekly Time Frame)
a. Support Line at 1.57846
b.ENTRY BUY 1.57846 (STOP 1.57443)

Rolson,

What software do you use ? and whats provider ?

 

[karl123]

Rolson,
Very interesting.
Please advise on whats software you use & also what service provider ?
Thanks

 

[rolston]

if she falls back fist look at the 15min chart GREEN SUPORT LINE on supertrend
(30min and 1hr TOGETHER Suport lines)on SRI and CCI most line up

SRI must pull back to support line before you take trade

 

[rolston]

we need to brake above 1.5920

 

[rolston]

I have had the indictors programmed as software program which will input all indictors and template in right file on MT4 ONE CLIK.

 

[rolston]

 

[rolston]

 

[rolston]

take profit

 

[rolston]

need to see brake off 4 hr rist and pull back

 

[rolston]

still holding