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Cable Update (GBPUSD)

  • #59,781
  • Mar 28, 2008 6:30am Mar 28, 2008 6:30am
Quoting tomaz55
i know, thats why i just sold more at 9975 and have another SELL order at 2k just in case it reaches
sell order at 2k triggered

stop 2.0040

tp 9830
  • #59,782
  • Mar 28, 2008 6:39am Mar 28, 2008 6:39am
Quoting bbmac
Looking at the hourly GBPUSD chart, market has just finished a head and shoulders patterning. We are now expecting a move to around 1.9770 levels. Bulls should be very cautious with their positions, stops at 1.9997 if there should be a bounce back up to around 2.0080.
Kind regards,
MIG Investments SA
Research Team
Come on...
Do you really believe a broker telling you to be very cautious from giving them your money? always go against the brokers recommendations, thats ALWAYS.
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  • #59,783
  • Mar 28, 2008 6:39am Mar 28, 2008 6:39am
this is what i'm see-ing as congestion channel (5min) breaks to the upside
Attached Image (click to enlarge)
Click to Enlarge Name: z.gif Size: 17 KB
ex member
  • #59,784
  • Mar 28, 2008 6:40am Mar 28, 2008 6:40am
lol, abuzant
ex member
  • #59,785
  • Mar 28, 2008 6:51am Mar 28, 2008 6:51am
Quoting tomaz55
sell order at 2k triggered

stop 2.0040

tp 9830
good luck mate,

as far as i see, this wave can go up to 20100. i will short from there. so u SL can be triggered again. U got very interesting trading style.
  • #59,786
  • Mar 28, 2008 7:16am Mar 28, 2008 7:16am
Quoting winwise
good luck mate,

as far as i see, this wave can go up to 20100. i will short from there. so u SL can be triggered again. U got very interesting trading style.
out at 9991 for a small loss

now long same price, tp 130
  • #59,787
  • Mar 28, 2008 7:31am Mar 28, 2008 7:31am
re post 59788 above, will it be scenario B or C as congestion breaks to upside and then retraces back into channel?
Attached Image
ex member
  • #59,788
  • Mar 28, 2008 7:37am Mar 28, 2008 7:37am
Quoting bbmac
re post 59788 above, will it be scenario B or C as congestion breaks to upside and then retraces back into channel?
It is happening as we type...
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  • #59,789
  • Edited 8:23am Mar 28, 2008 7:54am | Edited 8:23am
Quoting twofeet
This is looking quite bearish with R1 as resistance. Notice the increase in volume (shorts), when price touched R1 previously. Daily also closed with pin bar... With the UK housing prices coming out... unless its shockingly good, this looks like downside biaseness.
- Entered short 2.0070, TP 1.9950, SL 2.0180 for +120pips.
- Hedged with long from 2.0050, TP 2.0150, SL 2.0020 for -30pips.
- Total +90pips.

Current Outlook: Candlesticks looking with bearish price action with pin bar on daily and weekly. Price probably retrace towards Daily Pivot 2.0092 or R1 2.0163, and possibly head down from there again (down again might happen only starting next week).

Disclaimer: Please take all my posts with a pinch of salt, only sharing for discussion purposes. These are not trading calls nor recommendations. Do trade with your own strategies, all trades made are at your own risk.
Trade the reaction, not the news!
  • #59,790
  • Mar 28, 2008 8:01am Mar 28, 2008 8:01am
Daily and weekly gbpusd quite similar patterns atm;
Attached Image (click to enlarge)
Click to Enlarge Name: dw.gif Size: 21 KB
ex member
  • #59,791
  • Mar 28, 2008 8:32am Mar 28, 2008 8:32am
re post 59788 again.

Price back in previous intraday congestion channel after a false break to the upside
Attached Image (click to enlarge)
Click to Enlarge Name: e.gif Size: 27 KB
ex member
  • #59,792
  • Mar 28, 2008 8:32am Mar 28, 2008 8:32am
Quoting Priceman
Abuwad, I'm not sure if you saw my question yesterday but here it is again.

Your limits for yesterday were 0055 down and 0095 upwards. I thought this meant that you would short at 55 which was hit first?

So todays limits are 0045 down and 0085 up. Does this mean that you went short at 0045? And also a long trade would have been triggered at 0085, so you are hedging the short already taken?

I know you are being asked the same questions over and over but that must mean that you are not answering the questions my friend. It cannot mean that everyone else is stupid and doesn't understand.

Keep up the good work, you are a valuable contributor here, great analysis. I'm still not convinced like some of the others that you can take that many pips each day though without ever showing losses
http://www.forexfactory.com/showpost...ostcount=59740
  • #59,793
  • Mar 28, 2008 8:34am Mar 28, 2008 8:34am
Quoting sharon_gpl
Hi Abuawad,

I just would like to know how to interpret the analysis you post, Could you kindly explain. Thank you.
Quoting rasta
your numbers are phenomenal but dont understand your method clearly would you be kind enough to start a thread where you focus on explaining your method so other can find similiar success
Quoting manize
From all figures you attached here, I saw that the secret of Fibonacci formula is the key to get a perfect analysis.

"Master, I know the basic formula of Fibonacci, but I don't know what kind of parameter you use to plan the trend that almost 100% accurately ?"
Fibo, Fibo Fan
Attached File(s)
File Type: pdf Abuawad analysis method.pdf   1.1 MB | 5,418 downloads
  • #59,794
  • Mar 28, 2008 8:34am Mar 28, 2008 8:34am
trying to make sense of the intraday noise, lol
ex member
  • #59,795
  • Mar 28, 2008 9:05am Mar 28, 2008 9:05am
Quoting bbmac
Daily and weekly gbpusd quite similar patterns atm;
whats your point, they will follow similar patterns.
  • #59,796
  • Mar 28, 2008 9:23am Mar 28, 2008 9:23am
Quoting AmeriTrini
whats your point, they will follow similar patterns.
No earth-shattering point really, I just found it worthy of comment particularly the dojis at top of the last swing highs on each chart
ex member
  • #59,797
  • Mar 28, 2008 9:24am Mar 28, 2008 9:24am
Mar 28 14:11 GMT, by DailyFX
The final reading of the University of Michigan consumer confidence survey for the month of March was revised down to a 16-year low of 69.5
ex member
  • #59,798
  • Mar 28, 2008 9:42am Mar 28, 2008 9:42am
i am short again with stop 2.0040 and tp 9850 as initially planned
  • #59,799
  • Mar 28, 2008 9:43am Mar 28, 2008 9:43am
Finishing here for day and week.

Set-up of the day for me was that bear trap (scenario C) referred to in earlier posts. There were Reversal set-ups on 1min (trigger) and 5min (intermediate)and a Trend re-entry set-up on the 15min shown below (band/channel deviation and hidden [reverse] divergence based set-up.)

Bye 4 now.
Attached Image
ex member
  • #59,800
  • Mar 28, 2008 9:58am Mar 28, 2008 9:58am
Quoting tomaz55
i am short again with stop 2.0040 and tp 9850 as initially planned
still hold short from 2.0045 to the same target but the SL on 2.0100
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