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Cable Update (GBPUSD)

  • #48,581
  • Jan 8, 2008 2:59am Jan 8, 2008 2:59am
Hmm cable stay around 38.2%.
  • #48,582
  • Jan 8, 2008 3:06am Jan 8, 2008 3:06am
there is good resistance at 1.9825-1.9830 levels

I would go long any breach of it at 1.9835 going all the way to 1.9890
  • #48,583
  • Jan 8, 2008 3:22am Jan 8, 2008 3:22am
200 sma on 1H chart is at 1.9828.
It's the fourth attempt in 2008 that this level is tested. So far, this sma has proven to be very strong resistance.

So, I would agree that a crean break above that level would indicate a move upwards.
  • #48,584
  • Jan 8, 2008 3:26am Jan 8, 2008 3:26am
Dare enough to SHORT anyone? This is against the trend... but lately... no trend... just UP and DOWN Place tight SL if you do... and when more than 10 pips on the GREEN... place SL to BE straight away. Very risky if wanna go against the momentum. Anyway... I would prefer Buy From Dip.

A.Y.O.R!!!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd683a.PNG Size: 33 KB
  • #48,585
  • Jan 8, 2008 3:31am Jan 8, 2008 3:31am
Quoting Malaysia
Dare enough to SHORT anyone? This is against the trend... but lately... no trend... just UP and DOWN Place tight SL if you do... and when more than 10 pips on the GREEN... place SL to BE straight away. Very risky if wanna go against the momentum. Anyway... I would prefer Buy From Dip.

A.Y.O.R!!!
he he
  • #48,586
  • Jan 8, 2008 3:32am Jan 8, 2008 3:32am
Quoting Malaysia
Dare enough to SHORT anyone? This is against the trend... but lately... no trend... just UP and DOWN Place tight SL if you do... and when more than 10 pips on the GREEN... place SL to BE straight away. Very risky if wanna go against the momentum. Anyway... I would prefer Buy From Dip.

A.Y.O.R!!!

great chart there are those arrows a td seq? or a mtf stoch? just curious
  • #48,587
  • Jan 8, 2008 3:36am Jan 8, 2008 3:36am
I shorted at 1.9823 , because I have 38.2 fibs there. I also have the weekly pivot there. There's also a big resistance up at that level on Dec 31 to Jan 3
  • #48,588
  • Jan 8, 2008 3:41am Jan 8, 2008 3:41am
Quoting dagoods
great chart there are those arrows a td seq? or a mtf stoch? just curious
Those are EA and INDIS... given by a Forum member to me... from SAVANT.... not really accurate though... still learning how to use it.

If you wanna test it... get the files attached in the MALAYSIA thread... search for posts last FRIDAY/SATURDAY.... you'll find SAVANT attached it there.
  • #48,589
  • Jan 8, 2008 3:46am Jan 8, 2008 3:46am
Quoting forexnovice
Whats a pissa ????
Dagoods, with all due respect my post was not meant to PISS OFF anybody. I am here looking for everyone's views, not trade calls.

Hope that clarifies matters
  • #48,590
  • Jan 8, 2008 3:56am Jan 8, 2008 3:56am
Short @ 1.97922
Reason:
-Failed to break trough the 200 MA on the 1H
-Heavy resistance @ 1.9825


PROFIT TARGET:1.97000
  • #48,591
  • Jan 8, 2008 4:01am Jan 8, 2008 4:01am
Quoting Sidus
Short @ 1.97922
Reason:
-Failed to break trough the 200 MA on the 1H
-Heavy resistance @ 1.9825


PROFIT TARGET:1.97000

same thought....
Short at 1.9786...

"evening star performed at my 30min chart."
Never Give Up.....
  • #48,592
  • Jan 8, 2008 4:08am Jan 8, 2008 4:08am
Quoting Malaysia
Dare enough to SHORT anyone? This is against the trend... but lately... no trend... just UP and DOWN Place tight SL if you do... and when more than 10 pips on the GREEN... place SL to BE straight away. Very risky if wanna go against the momentum. Anyway... I would prefer Buy From Dip.

A.Y.O.R!!!
Sir just curious are you an intra-day trader or position trader, or long term trader?
What trend? hourly, 4houyrly, daily, long term?

What trend is cable now? is it not bulls that are trying to go against the trend?

Just curious. How higher time frame protagonists analyze market.
  • #48,593
  • Jan 8, 2008 4:29am Jan 8, 2008 4:29am
Quoting fxbroker
Sir just curious are you an intra-day trader or position trader, or long term trader?
What trend? hourly, 4houyrly, daily, long term?

What trend is cable now? is it not bulls that are trying to go against the trend?

Just curious. How higher time frame protagonists analyze market.
Remember the SPIKE during NFP? Just look at the chart last Friday.

That one just for short term trading... already more than 50pips down from the HIGH by the way. Like I said... very risky to go against the momentum... that's why I said place SL on BE straight away.

I used M30 chart for that signal of SHOOTING STAR CS... just good for short term and scalping... anyway... if the BEAR does take over... just let the profit RUN by placing TS or moving SL lower and lower.

Best medium term strategy for today... I PREFER BUY FROM DIP.... be patience of catching the real CHEAP price to buy However if the BULL retrace more than 61.8% Fibbo from today LOW HIGH.... I might change strategy to SELL FROM BOUNCE... just got to follow the momentum. Lately... hard to determine the TREND... CABLE going crazy UP and DOWN....

Looking at daily chart... clearly seen DOWNTREND CHANNEL. The question is ... is CABLE gonna go up to the upper resistance of the channel... or continue going south to the Lower SUPPORT of the channel... since the SUPPORT hasn't been touch yet. Very tricky
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd684a.PNG Size: 36 KB
Click to Enlarge Name: gbpusd685a.PNG Size: 40 KB
  • #48,594
  • Jan 8, 2008 5:27am Jan 8, 2008 5:27am
quick man... why u so quiet these days...??
  • #48,595
  • Jan 8, 2008 5:35am Jan 8, 2008 5:35am
how many triangles can make money???

here is another one H4
Attached Image (click to enlarge)
Click to Enlarge Name: tr_br.gif Size: 14 KB
  • #48,596
  • Jan 8, 2008 5:38am Jan 8, 2008 5:38am
yes Quick man, where r u....
  • #48,597
  • Jan 8, 2008 5:53am Jan 8, 2008 5:53am
Quoting fxbroker
Sir just curious are you an intra-day trader or position trader, or long term trader?
What trend? hourly, 4houyrly, daily, long term?

What trend is cable now? is it not bulls that are trying to go against the trend?

Just curious. How higher time frame protagonists analyze market.

YOU are absolutely correct and you obviously know what you are doing...and i apologize .... I was thinking of trying that short myself...but then i thought better of it....just that many new people come to forex factory and Blindly follow other peoples trade calls................ and that causes PAIN! maybe somenone without understanding a chart or reasons for someones call......... Cable moving so many pips in that short a period of time....do you think maybe its dangerous to post a high risk trade call like that on a thread? just maybe there are times when that trade Backfires in a big way... maybe you inspire otheres to try to duplicate your success but without your skill and experience......worth thinking about...... good luck to you... it is far better to post a chart and analysis so all can learn from great traders like you IMO
  • #48,598
  • Jan 8, 2008 6:01am Jan 8, 2008 6:01am
Quoting forexnovice
Dagoods, with all due respect my post was not meant to PISS OFF anybody. I am here looking for everyone's views, not trade calls.

Hope that clarifies matters

hope this clarifies too

.Wicked pissa
http://static.urbandictionary.com/thumbsup.gif Boston/Rhode Island speak for AMAZING.

Something that's way cool maybe tooo cool! "
  • #48,599
  • Jan 8, 2008 6:26am Jan 8, 2008 6:26am
Quoting Designer1
how many triangles can make money???

here is another one H4

very nice.... thanks for your analysis... luve those charts!
  • #48,600
  • Jan 8, 2008 6:34am Jan 8, 2008 6:34am
also long eurusd and audusd...

You think a dollar short basket is decent approach for today?
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