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Cable Update (GBPUSD)

  • #170,261
  • Sep 28, 2009 8:54pm Sep 28, 2009 8:54pm
Quoting fourxtrader
These three charts might give a good trade
signal off of a 1m compression seeing the
5m chart pulling back to it's earlier gathering
and the 15m chart ema's converging.

Just a thought. Don't forget the s/l.

Dr. D.
u mean gu just took a viagra ??
  • #170,262
  • Edited 9:09pm Sep 28, 2009 8:57pm | Edited 9:09pm
That is quite alright, thanks for your reply.
So I take it you are flat as of yet.

I only closed 2 of the lots because I felt it necessary to bank some of the pips. 1 lot is left open.

I think we have potential to go further south, however the pin on the hourly then upswing has me thinking there may be retracement to 6400 area, befor plunging further south to the areas of MalcomB.

H4 Chart Posted for more visibility. Forgive my simple chart From VT Web trader minimal ta access

Quoting fourxtrader
Sorry to not answer you earlier, I've been away from this for a few hours and from trades all day....and busy in my

Dr. D.


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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #170,263
  • Sep 28, 2009 9:09pm Sep 28, 2009 9:09pm
Quoting XTrade
That is quite alright, thanks for your reply.
So I take it you are flat as of yet.

I only closed 2 of the lots because I felt it necessary to bank some of the pips. 1 lot is left open.

I think we have potential to go further south, however the pin on the hourly then upswing has me thinking there may be retracement to 6400 area, befor plunging further south to the areas of MalcomB.

H4 Chart Posted for more visibility. From VT Web trader
But that trade off of the 1m, 5m, 15m
pattern was worth 20 pips to a scalper.

Dr. D.
  • #170,264
  • Sep 28, 2009 9:12pm Sep 28, 2009 9:12pm
Quoting forexlion
u mean gu just took a viagra ??
Just call it foreplay.... bouncing up and down
between the 150 and 60 ema's on this 15m.

Dr. D.
Attached Image
  • #170,265
  • Sep 28, 2009 9:14pm Sep 28, 2009 9:14pm
Agreed. I think any short term trade netting 20 pips is worth it! Do you mainly scalp?
Forgive me i am still getting to know everyone.

This trade I am in now is a test of using higher TF charts. Wish it was on the live account!

I like scalping, but as a new trader I see why it is recommended against.
Short term trend trades perhaps better..?

Last night was good too. With over 150 pips, but I usually do not see that
kind of range on a Sunday open.

Quoting fourxtrader
But that trade off of the 1m, 5m, 15m
pattern was worth 20 pips to a scalper.

Dr. D.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #170,266
  • Sep 28, 2009 9:32pm Sep 28, 2009 9:32pm
Apperantly these M'er F'ers don't know how to read a FIB scale. Kinda pisses me off, only loaded with 2 for this run.

CRAP!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #170,267
  • Sep 28, 2009 9:52pm Sep 28, 2009 9:52pm
  •  sloof
  • | Joined Apr 2009 | Status: Birejji (ビレッジ) ►FOREX◄ | 141 Posts
I think gold is ultimately heading towards 1,130+ and if I had a broker that allowed me to trade gold, I'd be buying right now.
  • #170,268
  • Sep 28, 2009 10:02pm Sep 28, 2009 10:02pm
Quoting sloof
I think gold is ultimately heading towards 1,130+ and if I had a broker that allowed me to trade gold, I'd be buying right now.
Right now, I wouldn't be touching Gold with asbestos gloves...Below 24ma on daily with possible run to 108 before another plummet into great depths, IMO.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #170,269
  • Sep 28, 2009 10:04pm Sep 28, 2009 10:04pm
Quoting Magix
Right now, I wouldn't be touching Gold with asbestos gloves...Below 24ma on daily with possible run to 108 before another plummet into great depths, IMO.

exactly how i see it to great minds think alike lets see how it plays
  • #170,270
  • Sep 28, 2009 10:04pm Sep 28, 2009 10:04pm
i'm waiting short
Attached Image
  • #170,271
  • Sep 28, 2009 10:06pm Sep 28, 2009 10:06pm
Quoting vangcuibap
i'm waiting short
The clock says possible short RIGHT NOW....

But, I gunna go fer a sleep, so best o luck with it mango!

Oh yeah, and I still gotta good feeling bout bounce line being @ 1.5858(ish)
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #170,272
  • Sep 28, 2009 10:14pm Sep 28, 2009 10:14pm
Okay, I took a single short, S/L 1.5940, T/P 1.5863.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #170,273
  • Sep 28, 2009 10:34pm Sep 28, 2009 10:34pm
Quoting vangcuibap
i'm waiting short

Hi VangCuiBap, where did you get that information posed on your reply. It looks very interesting, is that from an indicator or online service? It's nice to see a list of everything in summary, and not too much on the chart.
  • #170,274
  • Sep 28, 2009 10:35pm Sep 28, 2009 10:35pm
Quoting sloof
I think gold is ultimately heading towards 1,130+ and if I had a broker that allowed me to trade gold, I'd be buying right now.
Hi mate, sorry im jumping, but let me show you some of the charts...

1. [Weekly] ... a huge inverse H/S developing last 2Y on weekly GOLD chart.. with a strong Up Trend since september last year.. 2 weeks ago we hit the 1025 high as a first test of the NeckLine and we bounced back. If (when) we play the H/S pattern on Gold,, the projected target is arround $1300, but we are still in the opposite side of the trade..
2 major RESISTANCES are there.. the Neckline [1026] and feb 2008 hi [1031]

there is still a room to move lover to 970 area we bounce back up..and that room is apx. 20usd or 2000p DOWN... (not a biggie 1-2 day in GOLD daily range)

[Chart]
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  • #170,275
  • Edited 10:49pm Sep 28, 2009 10:38pm | Edited 10:49pm
3. GOLD 4h chart... from the other hand.. look at the 4h chart.. I wouldnt be buyer from these levels..

A 970 bounce, breakdown, or breakout the 1033 area,,,

[Chart]
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  • #170,276
  • Sep 28, 2009 10:41pm Sep 28, 2009 10:41pm
We MAY see 800 something Gold (AU) before massive uptick

I find Gold Helpful on Cable trades

However, Ultimately, Gold is bullish and My Personal forecast is by December is 1050 plus, Once 1050 to 1060 is broken we may be on a runaway train with minimal retracement as we have seen now.

These are non Forex spot GOLD bid charts. Forex Gold trades Much higher sometimes than Commods & physical

By 2011 gold may touch 1500
http://www.kitco.com/LFgif/au00-pres.gif

Odd Years o5- -09-
Note appx spot AU bid 05 420 -- 09 appx 860.
http://www.kitco.com/LFgif/au2005.gif http://www.kitco.com/LFgif/au2009.gif


Quoting Magix
Right now, I wouldn't be touching Gold with asbestos gloves...Below 24ma on daily with possible run to 108 before another plummet into great depths, IMO.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #170,277
  • Sep 28, 2009 10:46pm Sep 28, 2009 10:46pm
Quoting vangcuibap
i'm waiting short
a bear trap, nothing else
  • #170,278
  • Sep 28, 2009 10:49pm Sep 28, 2009 10:49pm
I am very heavily long into GBPUSD

My expectations are for 1.60 today !!! within 6 to 12 hours of this post.
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  • #170,279
  • Sep 28, 2009 10:52pm Sep 28, 2009 10:52pm
This would be a good level to go short.
Look at the S/R levels all across the screen.

Any break above this.... all bets off the table.

Dr. D.
Attached Image
  • #170,280
  • Edited 10:55pm Sep 28, 2009 10:53pm | Edited 10:55pm
Hi FxLion & FouXtrader
what do you guys see after?

- - - -

Good Day to you TauTrader!

Quoting forexlion
I am very heavily long into GBPUSD
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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