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Cable Update (GBPUSD)

  • #175,981
  • Oct 14, 2009 2:26am Oct 14, 2009 2:26am
I'm not liking PA in cable for short at the moment... Plus the dollar weak across the board, not a healthy mixture.

Lets buy....

1.6000.. SL.. 1.5920.. TP.. 1st 1.6100, 2nd 1.6180
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #175,982
  • Oct 14, 2009 2:26am Oct 14, 2009 2:26am
15min PA indicators just said to me "go boy sell this mofo"
  • #175,983
  • Edited 2:37am Oct 14, 2009 2:27am | Edited 2:37am
Quoting Fx1618
Long from 1.5794
Quoting Fx1618
Free ride now SL @ 1.5810
SL moved >>> 1.5919

Happy Pip'n All
  • #175,984
  • Oct 14, 2009 2:29am Oct 14, 2009 2:29am
Oh look, Ta works again, price finding supply at the potential resistance of the prev 1hr sw hi zone confluence with 76.4% 6119-5707...good 1min reg bearish sequential div set-up to short (quick +10)...now waiting for a 1min hidden div re-entry to 5min+ uptrend set-up @ potential rbs on 5min ..if it sets-up..if it doesn't then a 5min hid-div re-entry top 30min+ trend with 1min reg div reversal set-up,,,....if that sets-up @ a potential rbs on 1hr

G/L
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1min rev c seq.gif Size: 27 KB
Click to Enlarge Name: z.gif Size: 11 KB
ex member
  • #175,985
  • Oct 14, 2009 2:32am Oct 14, 2009 2:32am
http://www.forexfactory.com/showpost...&postcount=131

Im in Short at 16015, Tight SL. Seems to be a wall of sellers at 16024.
  • #175,986
  • Oct 14, 2009 2:36am Oct 14, 2009 2:36am
now we have fundamental to surport gbp we are set for the journy to fly to 1.62 region and more,ready .........
what you see is what you get
  • #175,987
  • Oct 14, 2009 2:40am Oct 14, 2009 2:40am
Struggled at 38% ext of y's range (yellow line) lower high shooting star on 5 min), sold the retrace back to even number. 1 min chart attached.
Attached Image
  • #175,988
  • Oct 14, 2009 2:41am Oct 14, 2009 2:41am
Hi DT....
First of all thanks for posting your great analysis here.....it is very beneficail...can i ask you where is your t/p....
  • #175,989
  • Oct 14, 2009 2:44am Oct 14, 2009 2:44am
Buy dragon 1.4260... SL.. 1.4140.. TP.. 1st...143.70 2nd.. 144.70
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #175,990
  • Oct 14, 2009 2:49am Oct 14, 2009 2:49am
Quoting MHuzaifa
Hi DT....
First of all thanks for posting your great analysis here.....it is very beneficail...can i ask you where is your t/p....
Risky trade, hence tight SL.

TP's shown on chart:
Attached Image (click to enlarge)
Click to Enlarge Name: 14-10-02.gif Size: 16 KB
  • #175,991
  • Oct 14, 2009 2:51am Oct 14, 2009 2:51am
Quoting navhin
thx for the chart
no prob., u welcome )
  • #175,992
  • Oct 14, 2009 2:51am Oct 14, 2009 2:51am
price has pulled back to a prev sw hi=prev res=potential rbs zone on 1hr but i have no 1min reg div reversal/5min hid-div re-entry set-up yet..may develop/may not

G/L
Attached Image
ex member
  • #175,993
  • Oct 14, 2009 2:52am Oct 14, 2009 2:52am
Quoting nAVIN2007
nice buy man! ..i have to admit i thought u were crazy to take it ..but damnit man u hit the nail on the head..dame good trade brother!!!

btw: my ass is still short and getting roasted
LOL...Alriiight...and at the same time I thought you guys were crazy selling it to me that cheap....


Thanks bro...


P/S: take that roast beef outta the oven already...
Hear the music before the song is over ...
  • #175,994
  • Oct 14, 2009 2:53am Oct 14, 2009 2:53am
Quoting direct-trade
http://www.forexfactory.com/showpost...&postcount=131

Im in Short at 16015, Tight SL. Seems to be a wall of sellers at 16024.

good evening everyone

went short too, 1610.

my entry target based on chart below. 4H UTL and daily chart 16022 resistance held.
dodgey PA so I moved my stop up to BE. Now that she's back below the daily UTL maybe she'll play nice...
Attached Image (click to enlarge)
Click to Enlarge Name: cable trend.gif Size: 32 KB
  • #175,995
  • Oct 14, 2009 2:54am Oct 14, 2009 2:54am
me found my ticket to south train from 1.6000
...was afraid to lose it ))
  • #175,996
  • Edited 3:09am Oct 14, 2009 3:04am | Edited 3:09am
current hi as well as being that prev 1hr sw hi zone and 76.45 6119-5707 is also 23.6% 7044-5707,..didn't notice it in realtime,,,price has sold below the most immediate prev 1hr sw hi=prev res=potential rbs zone now (greyed out now) hidden div in 5min now @ 38.2% fib so would still consider a re-entry long on close of a good 5min bullish reversal candle here..will see what develops...nothing so far, lol

just added: if do will probably not hold for a with uptrend follow thru to new highs, depending on 5min+ price action as 30min and 1hr macd signal lines pointing down now...

G/L
Attached Image
ex member
  • #175,997
  • Oct 14, 2009 3:07am Oct 14, 2009 3:07am
Hey everyone ,

for me gbpusd 4h marketflow " trend " is UP
1h insame

On 15min chart u see very good support for retrace ... that is 1.5867 .. Agen 3 reasons for buy .. daily pivot is there .. and fibo61% and 1.5870 is very good resistance and support behind!

My orders u can u look at my new blog :
http://forexbylluka.blogspot.com/

Order is :


Buy/Sell: Buy limit
Entry: 1.5867

Target 1: 1.6114

Stop: 1.5692|
  • #175,998
  • Oct 14, 2009 3:20am Oct 14, 2009 3:20am
Quoting bbmac
current hi as well as being that prev 1hr sw hi zone and 76.45 6119-5707 is also 23.6% 7044-5707,..didn't notice it in realtime,,,price has sold below the most immediate prev 1hr sw hi=prev res=potential rbs zone now (greyed out now) hidden div in 5min now @ 38.2% fib so would still consider a re-entry long on close of a good 5min bullish reversal candle here..will see what develops...nothing so far, lol
...

G/L
is really all over the board today... 4H bullish 1H bearish

took my 40p x 2 and wait for next move

we may just float around here until US retail news.
  • #175,999
  • Oct 14, 2009 3:24am Oct 14, 2009 3:24am
Quoting wormboy
I was surprised by your comments regarding TA as well. Never took you like some of the muppets who blurts rubbish around here. I meant no disrespect to you with my comments, if you feel offended I apologise.
But, TA had served my trading well so far regardless of fundies, that's the reason for me not agreeing with your sentiment earlier.
And you are right, trading without fundies is a matter of choice. And I personally have very limited knowledge fundamentally. This is an area in my trading that I am trying to improve with the help of some friends...
Appreciate....no offense taken.....
I have to admit I was a bit provocative....but was just a warning for unexperienced traders who stand to believe to their indicators.... and so will go direct to bankruptcy.....

Current periods are dangerous even for experienced traders....

Good luck for all your trades and still reading your posts.....even jokes lol
Non licet omnibus adire Corinthum
  • #176,000
  • Oct 14, 2009 3:29am Oct 14, 2009 3:29am
Quoting bbmac
... hidden div in 5min now @ 38.2% fib so would still consider a re-entry long on close of a good 5min bullish reversal candle here..will see what develops.......if do will probably not hold for a with uptrend follow thru to new highs, depending on 5min+ price action as 30min and 1hr macd signal lines pointing down now...

G/L
Nice 5min bullish hammer with the hid-div re-entry set-up gave a 5973ask entry @ the 61.8% fib of the move up from pre-data 5933 lo - 6023 hi, and as stated in prev post, have not held for a bigger target involving a with uptrend follow thru as my rules for a re-entry are not all satisfied, ie although next t/f to 5min-30min macd is above it's axis, 1hr is pointing down, and for optimum re-entry need to see it pointing with trade direction at entry...so +7 only.

PS: also shown on the screenshot is the regual immediate bullish divergence referred to in an earlier post, that set-up on this 5min and 1min t/f just prior to the data release ..it's all in the charts, lol

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.gif Size: 25 KB
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