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Cable Update (GBPUSD)

  • #126,301
  • Mar 12, 2009 4:19pm Mar 12, 2009 4:19pm
Quoting Inzider
So you guys expect further decline from here. Hum!
I got a short at 41 and 20 and.... 1.3874.

Good to see i'm not alone... i'll wait before taking my lost then... this move was really something.
Hey matt!! Ready for possibly one last bear party before we turn?
Thank You
  • #126,302
  • Mar 12, 2009 4:20pm Mar 12, 2009 4:20pm
Quoting "expert"
Hi all. More charts from me.Will see will it go down.

1st 4 hr CCi is in 100 area RSi in 50.Good point for short for me..Failed to break 38 fib.Cable likes to make 50 fib which is arround 4000 and it is logical for me to test that area so if more up that is more shorts from me in bigger ammount.
well 3880 on my chart was high.Preparing for some shorts again.Daily gann line is at 4100 area.I think will wait that place to add biger shorts.Mabe sooner if i see breaking gann line on 1 hr.If so testing 3800 area or 4 hr gann.Will see

see ya
  • #126,303
  • Mar 12, 2009 4:21pm Mar 12, 2009 4:21pm
Quoting wormboy
I agree. But don't tell anyone, we might be institutionaliioasfywu.
So little to lose, so much to gain ...
Don't worry Wormboy, I'm sure you can afford to check into a very exclusive rehabilitation clinic with all the cash you've made shorting Cable over the past few months
  • #126,304
  • Mar 12, 2009 4:24pm Mar 12, 2009 4:24pm
Quoting derek
guys, guys need to sell now, STOP LOSS 1.4000
How the heck do you do it brother?? Your buy call to 3980 hit 3982 and turned!!

That's flat out IMPRESSIVE!!..http://www.forexfactory.com/images/icons/icon14.gif http://www.forexfactory.com/images/icons/icon14.gif

Looking forward to the day I can call myself a trader. Long way to go it seems.
Ghost Rider - WWTBMD?
  • #126,305
  • Mar 12, 2009 4:34pm Mar 12, 2009 4:34pm
Quoting wormboy
Hey matt!! Ready for possibly one last bear party before we turn?
Hey Azim!

Hope the thing will crash again around 1.3850 area or less.
I'm in but i don't like my entry so i feel stressed a little for now.

I wish us the best!
Let me know if you change your feeling about it!
  • #126,306
  • Mar 12, 2009 4:35pm Mar 12, 2009 4:35pm
Quoting linleysound
Don't worry Wormboy, I'm sure you can afford to check into a very exclusive rehabilitation clinic with all the cash you've made shorting Cable over the past few months
Exactly 5 weeks actually lol. Tons of fun
Thank You
  • #126,307
  • Mar 12, 2009 4:50pm Mar 12, 2009 4:50pm
Quoting Inzider
Hey Azim!

Hope the thing will crash again around 1.3850 area or less.
I'm in but i don't like my entry so i feel stressed a little for now.

I wish us the best!
Let me know if you change your feeling about it!
Don't get stressed out my friend. It's just business
I will change my bias once that daily clears off the 3900 resistance level.
I'll be locking in once we close below 3850 for this trade & ride.
Good luck
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Thank You
  • #126,308
  • Mar 12, 2009 4:53pm Mar 12, 2009 4:53pm
gnite everyone. see you guys tomorrow. good luck
Thank You
  • #126,309
  • Mar 12, 2009 4:56pm Mar 12, 2009 4:56pm
Quoting wormboy
gnite everyone. see you guys tomorrow. good luck
G'nite wormboy hope its green for you tomorrow
  • #126,310
  • Mar 12, 2009 4:57pm Mar 12, 2009 4:57pm
my 4h
Attached Image (click to enlarge)
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  • #126,311
  • Mar 12, 2009 5:21pm Mar 12, 2009 5:21pm
Way past my bedtime and not much experience of the asian session - only trading because the move down looked good if it materialised.

Whats the sentiment likely to be at asian open. Asian stocks likley to be up on bullish dow sentiment ???? Leading to bullish cable ?
  • #126,312
  • Mar 12, 2009 5:44pm Mar 12, 2009 5:44pm
Quoting FrenchPips
Way past my bedtime and not much experience of the asian session - only trading because the move down looked good if it materialised.

Whats the sentiment likely to be at asian open. Asian stocks likley to be up on bullish dow sentiment ???? Leading to bullish cable ?
Who knows mate traders are so fickle. Im targeting 3800 - 3750. Maybe even lower if that COT data is correct and longs start getting covered. Well have to wait and see
  • #126,313
  • Mar 12, 2009 5:48pm Mar 12, 2009 5:48pm
I'm short from 1.3939, time for bed and see if I awake to a or a
  • #126,314
  • Edited 6:53pm Mar 12, 2009 6:33pm | Edited 6:53pm
Quoting ikeysolomon
I'm short from 1.3939, time for bed and see if I awake to a or a
I hope you awake to a as I'm about to join the institutionalised and toes crossed, jump on the short ride.

The only thing that's holding me back is that it's currently hovering around .236 Fibo retracement levels, with solid resistance just below at 1.3900, so I'm not prepared to take the dive until it's crossed .382 on the 15M around 1.3880.

Edit; BB's are getting there squeeze on, something will give shortly.
  • #126,315
  • Mar 12, 2009 8:21pm Mar 12, 2009 8:21pm
just sthg i read:
dollar index dropped 88.5 to 87.3 thru
closed below some important support
projected to go towards 85.3 and then to 83.2
scary ...
if it happens cable might go up to 4100-4200 before any drop
so i'd be careful with my shorts
tempted to short at 3940 but been burned before, so let's see
imho
  • #126,316
  • Mar 12, 2009 9:48pm Mar 12, 2009 9:48pm
you guys have shortitis

good luck and many green pips to you
Don't chase the market, Let the market come to you
  • #126,317
  • Mar 12, 2009 10:13pm Mar 12, 2009 10:13pm
Quoting albchr
How the heck do you do it brother?? Your buy call to 3980 hit 3982 and turned!!

That's flat out IMPRESSIVE!!..http://www.forexfactory.com/images/icons/icon14.gif http://www.forexfactory.com/images/icons/icon14.gif

Looking forward to the day I can call myself a trader. Long way to go it seems.
it was the R1 Dpivot

The difference between the traditional Standard Pivots and "FiboPivots" is that the S1, S2, S3, R1, R2, R3 levels with Fibopivots are calculated as offsets from the Pivot line by multiplying the prior day trading range ("R") by Fibonacci numbers. The base Pivot line for both methods is calculated the same. I find that price seems to respect Fibopivot lines in Forex (especially the Yen pairs) moreso than the Standard Pivots. Stock prices seem to more closely respect Standard Pivots. The differences between the two methods can be seen in the following code that calculates both:

double R = yesterday_high - yesterday_low;//range

FiboPivot_P = (yesterday_high + yesterday_low + yesterday_close)/3;// Standard Pivot
FiboPivot_R3 = FiboPivot_P + (R * 1.000);
FiboPivot_R2 = FiboPivot_P + (R * 0.618);
FiboPivot_R1 = FiboPivot_P + (R * 0.382);
FiboPivot_S1 = FiboPivot_P - (R * 0.382);
FiboPivot_S2 = FiboPivot_P - (R * 0.618);
FiboPivot_S1 = FiboPivot_P - (R * 1.000);

StdPivot_P = FiboPivot_P;
StdPivot_R3 = (2 * StdPivot_P) + (yesterday_high - (2 * yesterday_low));
StdPivot_R2 = StdPivot_P + (yesterday_high - yesterday_low);
StdPivot_R1 = (2 * StdPivot_P) - yesterday_low;
StdPivot_S1 = (2 * StdPivot_P) - yesterday_high;
StdPivot_S2 = StdPivot_P - (yesterday_high - yesterday_low);
StdPivot_S1 = (2 * StdPivot_P) - ((2 * yesterday_high) - yesterday_low);

good luck

I find these much more accurate than regular PP's
Attached File(s)
File Type: mq4 FiboPiv_v4_mb.mq4   5 KB | 331 downloads
Don't chase the market, Let the market come to you
  • #126,318
  • Mar 12, 2009 10:19pm Mar 12, 2009 10:19pm
Daily fibs are very accurate!
1.3981 was the 1.414 extension of yesterday High Low

Apply 1.27 and 1.618 extension over it...
Most of the time if price hit 1.27, next day it will go the same way.
If price end into 318/618 zone, its ranging, over 618 = up, under 318 = down...

http://www.forexfactory.com/showthread.php?t=50767
  • #126,319
  • Mar 12, 2009 10:38pm Mar 12, 2009 10:38pm
Quote
Daily fibs are very accurate!
1.3981 was the 1.414 extension of yesterday High Low

I do not see how 1.414 works into any fib counts



Every Fibonacci number bigger than 1 [except F(6)=8 and F(12)=144] has at least one prime factor that is not a factor of any earlier Fibonacci number

cant find 1.414 in fibs anywhere, can you help me out here?

http://www.mcs.surrey.ac.uk/Personal.../fibCalcX.html
Don't chase the market, Let the market come to you
  • #126,320
  • Mar 12, 2009 10:41pm Mar 12, 2009 10:41pm
Quoting Tmac
I do not see how 1.414 works into any fib counts



Every Fibonacci number bigger than 1 [except F(6)=8 and F(12)=144] has at least one prime factor that is not a factor of any earlier Fibonacci number

cant find 1.414 in fibs anywhere, can you help me out here?

http://www.mcs.surrey.ac.uk/Personal.../fibCalcX.html
1.414 is approximately the square root of 2. The square root of two is the hypotenuse of a right triangle whose other sides are 1 and 1.
Have a look.

Hope it helps you.
Attached Image (click to enlarge)
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