GBP/USD 4hr Setup in The Daily Time Frame

[rolston]

15 min rst here

 

[rolston]

i will be trading gust Buy ( long ) trades

 

[targus]

Apparently, UOB hints that china will hike their rates again in December.

 

[targus]

Even though 15min support is pretty strong, she looks set for going down to 1hr. I would much rather jump in here or better still at 4hr.

 

[targus]

Good point for long, rolston, do you think she'll head for the 4hr support?

 

[targus]

Am long now, 5668 Rolston. Target? 1.577

 

[rolston]

good trade targus

Most not brack below 5660 stop round there

 

[targus]

Think I will wait.

 

[targus]

'Looking for a break from the last high'? What was this Rolston?

 

[rolston]

target 5788 larst high

 

[rolston]

Rist levels tacke profit level

15 at 5714

30 at 5727

1hr at 5740

 

[targus]

target 5788 larst high

So you're looking looking to sell her short here.

 

[rolston]

no targus

i will be looking to go long (BUY) at the 4hr support area at 5564

if she gets that low

 

[targus]

no targus

i will be looking to go long (BUY) at the 4hr support area at 5564

if she gets that low

Well she's looking good for your low.

 

[targus]

Rolston

You remember you said that on your memory stick you have etc. is this the fx500 club thing, is it good.

 

[targus]

Rolston

The euro/usd is facing major trendline resistance, so a much larger decline appears to be readily accepted, given the woes of euro members, do you expect a similier fate with the gbp/usd? or do you stick to technicals? I can't the see buck sitting back, could be a major rally here. Would you still be a buyer for gbp/usd albeit at your preferred price?

 

[rolston]

it is a fx500 template and I have add more indicators

i did all my traing with the 500 club.

Dan , zak james , are number one trainers

 

[targus]

Thats what I need, Rolston, some training, but there is so much out there that is difficult to have trust in, so I'm glad to hear you found them really good.

 

[rolston]

eur/usd 30 min chart

 

[rolston]

targus

It will take hard work a lot off hard work to understand trading fx.
For the BEST start go the 500club.

I will help you as best I can to make money to