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Cable Update (GBPUSD)

  • #99,881
  • Nov 20, 2008 4:05am Nov 20, 2008 4:05am
Stopped out 1 pip.Haha
new 4 hr momentum is nor bearish.This could retrace to 4900 area.be careful.

$880 area as re

trace possible to.1 hr momentum flat as well

i think i will wait little
  • #99,882
  • Nov 20, 2008 4:06am Nov 20, 2008 4:06am
Quoting FxChi
I have different MA's, but what's important is the 15 min pin bar at support now resistance. Easy short right there.
I see, I had already gone short there
please DON'T copy my trades I am still learning
  • #99,883
  • Nov 20, 2008 4:09am Nov 20, 2008 4:09am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting "expert"
I add short again.SL BE +1

4919 target for now again.That is my pivot line

$770 are inportant to closse below that on 4 hr for me to see clean down again.That could be resistance.Especaily with bulish divergance i see on daily
Agreed, 4766 is another spot where I'd expect a bounce. I kinda don't like the way the last 2 1 hr candles closed wicky on both sides - rangebound for now??? No matter, still holding shorts - no biggie - IMO there will be enough dowward pressure coming from US markets to bring it down.
"Wishful thinking dies hard." Igor T.
  • #99,884
  • Nov 20, 2008 4:13am Nov 20, 2008 4:13am
see you on new 1 hr candle.Hope this will go to 4900-20 on 4 hr chart area so i coud short on next nicely.That would be teext book example of trades for me.

add pending theare hope wont come to that level before next 1 hr candle.that would be to fast in my thinking

will see this 1 hr action.then maybe trade

see ya all
  • #99,885
  • Nov 20, 2008 4:19am Nov 20, 2008 4:19am
Quoting FxChi
Agreed, 4766 is another spot where I'd expect a bounce. I kinda don't like the way the last 2 1 hr candles closed wicky on both sides - rangebound for now??? No matter, still holding shorts - no biggie - IMO there will be enough dowward pressure coming from US markets to bring it down.
i agree with this US session thing but we have to see what will they do with GM in USA.I think they will give money to them but be carefull untill this is realsed.

I closed as i said at 4820 at pivot line.As long we are above that good call for me.If we close 15 candle above 4890 area then 15 m 50 ema area last thing that cpuld hold this from 4920-50 area wheare is 1 hr gann.

see ya all
  • #99,886
  • Nov 20, 2008 4:21am Nov 20, 2008 4:21am
ichimoku has 4890-4900 area as some resistance area on 15 and 1 hr chart.will see
  • #99,887
  • Nov 20, 2008 4:22am Nov 20, 2008 4:22am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
If I was in a gambling mood I'd start shorting here on decreasing volume and hidden RSI divervgence.
Attached Image (click to enlarge)
Click to Enlarge Name: nov 20 5 min.jpg Size: 127 KB
"Wishful thinking dies hard." Igor T.
  • #99,888
  • Nov 20, 2008 4:26am Nov 20, 2008 4:26am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
I'd already be in profit had I gmabled right there...but it's left a nice pin and rejection from .50 of down swing.
Attached Image (click to enlarge)
Click to Enlarge Name: nov 20 5 min 2.jpg Size: 128 KB
"Wishful thinking dies hard." Igor T.
  • #99,889
  • Nov 20, 2008 4:42am Nov 20, 2008 4:42am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
I wonder if this would work for a scalp (Assuming it reaches the lines). Hmmmm. Entry is short at the black line and exit is the green. SL is red.
Attached Image (click to enlarge)
Click to Enlarge Name: nov 20 5 min scalp.jpg Size: 128 KB
"Wishful thinking dies hard." Igor T.
  • #99,890
  • Nov 20, 2008 4:46am Nov 20, 2008 4:46am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting FxChi
I wonder if this would work for a scalp (Assuming it reaches the lines). Hmmmm. Entry is short at the black line and exit is the green. SL is red.

Nope didn't reach it.
"Wishful thinking dies hard." Igor T.
  • #99,891
  • Nov 20, 2008 4:54am Nov 20, 2008 4:54am

FxChi,, I like ur graph.
Please post more...

ps: are you that guy from FxOpen forum?

Learning, is a never ending processs...
  • #99,892
  • Nov 20, 2008 5:08am Nov 20, 2008 5:08am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting Rasheed

FxChi,, I like ur graph.

Please post more...



ps: are you that guy from FxOpen forum?

There's another one of me out there in cyberspace? Shoot. Well I've never been to FxOpen forum.

Not too much else to post for now. Still think this is going to breakdown. The past 2 hours we've tested the .382, .50 fib levels of this last swing down and it has failed to break. The problem is the yellow .618 support fib from the upmove from 4557 and 5247. That's why there's indecision in the market, but I think it's going to break over the next couple hours. A one hour close above 4921 would not be a good sign for shorts, but me personally, I'm going to hold because I'm trading this more from a daily standpoint. So I'll add another short position closer to 5260. I think we should see around 4685 sooner than later. Don't take my advice for a trade though man..lol.
Attached Image (click to enlarge)
Click to Enlarge Name: nov 20 1 hr 6 am.jpg Size: 174 KB
"Wishful thinking dies hard." Igor T.
  • #99,893
  • Nov 20, 2008 5:25am Nov 20, 2008 5:25am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
This is countertrend, but I think a move up now.
Attached Image (click to enlarge)
Click to Enlarge Name: nov 20 5 min long.jpg Size: 126 KB
"Wishful thinking dies hard." Igor T.
  • #99,894
  • Nov 20, 2008 5:30am Nov 20, 2008 5:30am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
I'd cover here with a nice easy 20.
Attached Image (click to enlarge)
Click to Enlarge Name: nov 20 5 min cover longs.jpg Size: 128 KB
"Wishful thinking dies hard." Igor T.
  • #99,895
  • Nov 20, 2008 5:45am Nov 20, 2008 5:45am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
I think cable moving with US indices now...I think it'd be wise to make sure you have an idea of what's going on with them when entering this morning.
"Wishful thinking dies hard." Igor T.
  • #99,896
  • Nov 20, 2008 5:50am Nov 20, 2008 5:50am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
I covered my shorts from London open for 65. I don't really like the wicky PA. I'll get in later today if the opportunity presents itself. I still think 4680 is in play, but best to bank some money now.
"Wishful thinking dies hard." Igor T.
  • #99,897
  • Nov 20, 2008 6:03am Nov 20, 2008 6:03am
SNB just cut interest rates 100bhps, little effect on cable though
Trading is 80% Emotional, 20% Technical
  • #99,898
  • Nov 20, 2008 6:05am Nov 20, 2008 6:05am

Do you agree GU will start dive after 1.4796?
I put my Sell Stop at that Line.

I want to post my graph,,, but i dunno how.

Learning, is a never ending processs...
  • #99,899
  • Nov 20, 2008 6:05am Nov 20, 2008 6:05am
Quoting fx local
SNB just cut interest rates 100bhps, little effect on cable though
SNB?
  • #99,900
  • Nov 20, 2008 6:07am Nov 20, 2008 6:07am
Quoting Rasheed

Do you agree GU will start dive after 1.4796?

I put my Sell Stop at that Line.


I want to post my graph,,, but i dunno how.

I don't know, but I would think that if it breaks 1.48 that would encourage more selling and a retest of the previous low. Sounds like a good strategy.
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