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Cable Update (GBPUSD)

  • #132,321
  • May 14, 2009 11:17am May 14, 2009 11:17am
Market has shown 5210 to be the hurdle. 50% retracement is there as well.
  • #132,322
  • May 14, 2009 11:19am May 14, 2009 11:19am
Quoting kingindian
yep until 5200...i hope until 5250
but i think tomorrow to 5250...now it will drop down
How about a chart explaining why 5200 and not 5201?
Why 5250 tomorrow and not next Monday? And why drop down now instead of 2 minutes from now?
Kindly back your calls with proper analysis. Thanks.
Thank You
  • #132,323
  • May 14, 2009 11:20am May 14, 2009 11:20am
Quoting jack.canadia
Market has shown 5210 to be the hurdle. 50% retracement is there as well.
is it mean 5210 is the highest it can reach ?
- Always pray on your trading - God know the best for everyone
  • #132,324
  • May 14, 2009 11:23am May 14, 2009 11:23am
what is your people's TP on shorts?
  • #132,325
  • May 14, 2009 11:24am May 14, 2009 11:24am
Quoting wormboy
How about a chart explaining why 5200 and not 5201?
Why 5250 tomorrow and not next Monday? And why drop down now instead of 2 minutes from now?
Kindly back your calls with proper analysis. Thanks.
my analysis is too simple, since about 2 pages previous, is said it will go to 5200 ...because it has reach 5300 then drop down to 150xx which mean almost 300 drop...too much drop, it must be rise again...of course not jumping to 5300 in just 5 hours...it must move to 5200 then...some take profit happened to make it down.

since TF D1 is still bullish then after down it will rise again...maybe to 5300 again.

hmm i have write it before..but not as long as this one.
- Always pray on your trading - God know the best for everyone
  • #132,326
  • May 14, 2009 11:26am May 14, 2009 11:26am
Quoting kingindian
is it mean 5210 is the highest it can reach ?
Obvious support/resistance and a 50% level. The overlap makes it significant and price tried twice to get by it.

It could go higher, it could not. Time and price will tell.
Attached Image (click to enlarge)
Click to Enlarge Name: h1.gif Size: 38 KB
  • #132,327
  • May 14, 2009 11:28am May 14, 2009 11:28am
ok, understood jack, thanks.
yep it has been twice...yesterday and today to reach 5200.
- Always pray on your trading - God know the best for everyone
  • #132,328
  • May 14, 2009 11:34am May 14, 2009 11:34am
H1 GANN HILO turned Bullish... price supported by 100MA on H1. On H4 Price just below GANN but above EMA50. GU will be bullish once H4 get above the 61.8% retracement fibo ... What do u think? ohh btw QQE on H1 has crossed up .. H4 is about to turn.
  • #132,329
  • May 14, 2009 11:37am May 14, 2009 11:37am
Quoting dzackfx
H1 GANN HILO turned Bullish... price supported by 100MA on H1. On H4 Price just below GANN but above EMA50. GU will be bullish once H4 get above the 61.8% retracement fibo ... What do u think? ohh btw QQE on H1 has crossed up .. H4 is about to turn.
English is preferred in here.

Sorry bro I don't know what any of that is.
  • #132,330
  • May 14, 2009 11:38am May 14, 2009 11:38am
For me its kind of simple, you just have to make a desicion to short either from 5200 or 5240...if didnt short from 5200 and it falls...well u missed it, but if u want to short and didnt enter at 5200 then u have to enter at 5240

If you look at the 30min chart, price broke 200ma and settled on it...might be better to short at 5240.
what u guys think?
  • #132,331
  • May 14, 2009 11:44am May 14, 2009 11:44am
Quoting jack.canadia
English is preferred in here.

Sorry bro I don't know what any of that is.
Thank You
  • #132,332
  • May 14, 2009 11:46am May 14, 2009 11:46am
Quoting dzackfx
H1 GANN HILO turned Bullish... price supported by 100MA on H1. On H4 Price just below GANN but above EMA50. GU will be bullish once H4 get above the 61.8% retracement fibo ... What do u think? ohh btw QQE on H1 has crossed up .. H4 is about to turn.
mate, you wanna try auslanco's thread.
Thank You
  • #132,333
  • May 14, 2009 12:31pm May 14, 2009 12:31pm
GBPUSD resistance at 187 and 210

Attached Image (click to enlarge)
Click to Enlarge Name: forex.GIF Size: 15 KB


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History Levels GBPUSD

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  • #132,334
  • May 14, 2009 12:35pm May 14, 2009 12:35pm
no significant down...
im sleepy...
- Always pray on your trading - God know the best for everyone
  • #132,335
  • May 14, 2009 12:37pm May 14, 2009 12:37pm
Quoting jack.canadia
Dont trust the 15 minute timeframe to catch you massive amounts of pips.
Hi Jack, what is your preferred TF to trigger your trades? 1 hour?

Thank you

forex-dragon
  • #132,336
  • May 14, 2009 12:38pm May 14, 2009 12:38pm
Quoting wormboy
mate, you wanna try auslanco's thread.
Yeah .. but they only talked about Gbp/Jpy .. not much on GU.
  • #132,337
  • May 14, 2009 12:40pm May 14, 2009 12:40pm
Quoting forex-dragon
Hi Jack, what is your preferred TF to trigger your trades? 1 hour?

Thank you

forex-dragon
I watch the 1hour, 4 hour and daily. The 1-hour gives me the most information but the 4-hour and daily are the most reliable.

If you are interested in my methods I would gladly open a thread in the journals section and post by post explain it.
  • #132,338
  • May 14, 2009 12:44pm May 14, 2009 12:44pm
Quoting jack.canadia
I watch the 1hour, 4 hour and daily. The 1-hour gives me the most information but the 4-hour and daily are the most reliable.

If you are interested in my methods I would gladly open a thread in the journals section and post by post explain it.
would like to see your trade
i must learn much from trader like you and the other
- Always pray on your trading - God know the best for everyone
  • #132,339
  • May 14, 2009 12:45pm May 14, 2009 12:45pm
Quoting dzackfx
Yeah .. but they only talked about Gbp/Jpy .. not much on GU.
Ive tried before seeing how the market reacts to Gann analysis and its quite nice how there are reactions to the fan lines.

If you want to post gann analysis go ahead just acompany it with a description of what it means. We cover alot in here..fibs, pivots, support, resistance, moving averages, macd etc .. Gann analysis can help as well.

I read an ebook on Gann and was quite impressed in a call he made that made him alot of money. I forget what it was but it was a commodity.
  • #132,340
  • May 14, 2009 12:45pm May 14, 2009 12:45pm
Quoting jack.canadia
I watch the 1hour, 4 hour and daily. The 1-hour gives me the most information but the 4-hour and daily are the most reliable.

If you are interested in my methods I would gladly open a thread in the journals section and post by post explain it.
i am intrested in your method and want to learn it

Ub
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