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Cable Update (GBPUSD)

  • #177,641
  • Oct 20, 2009 4:32am Oct 20, 2009 4:32am
Quoting LetsTrade
Where do you think cable will turn?

1.6460 to 1.6500 seems to be a very strong resistance zone for cable from the chart.
- previous supports and resistance lines on 4 hour chart
- will be reaching the channel/trend line of the daily chart
- will be reaching the 61.8 fib fan line
Quoting javajames
Hi GM,
Interesting to see what will happen .....my views are a bit different....
I expect upper weekly trend line to hold...as it is also also cloud lower line....it usually makes a strong resistance....plus tenkan(yellow) stays below kijun (blue)
and mom indicator already turned down.....

For me, it means ranging day with weakening momentum and I'll wait still one or two days be4 shorting this market....we need big BOYZS to get in....

And of course, as usual, I may be wrong....
BTW shorted GJ and EJ

Happy trading day

Hi Guys,

Trendlines are known to be broken or to hold....
There is no way to predict either way!
As long as the sentiment remains bullish and buying pressure is sustained there is no reason to even think about shorts.

Trade Well!
Hear the music before the song is over ...
  • #177,642
  • Oct 20, 2009 4:32am Oct 20, 2009 4:32am
Quoting Bull_Bear
Here's why....

Intended to shorted higher but forgot to set sell order this morning.

Better later than never
Before I got read your reply. I had just seen a youtube video on this. They call it (Price Action Forex Strategy - 4 Hour GBPJPY). GJ is another beast I would love to tame. Thank you for the response.



http://www.learntotradethemarket.com...tegies-gbpjpy/
90% LOSE, 10% WIN!!!!
  • #177,643
  • Oct 20, 2009 4:41am Oct 20, 2009 4:41am
Quoting mloistianto
Again. I said it before, I dont follow u bro. My call from 1.6425 and 1.6403. maybe u are the one that following me?? LOL..
I hope your joking, me follow your trades....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #177,644
  • Oct 20, 2009 4:47am Oct 20, 2009 4:47am
Good morning, hope you are all well

Current view here:

http://www.forexfactory.com/showpost...5&postcount=72

Just an idea.

Happy trades
  • #177,645
  • Oct 20, 2009 4:48am Oct 20, 2009 4:48am
Daily chart below shows the resistance zone and descending trend line at which the london sales began and the 100 day sma where support found @ the lows-current intraday lo, move up aided by the 0830am gmt Uk data.

G/L
Attached Image (click to enlarge)
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ex member
  • #177,646
  • Oct 20, 2009 4:49am Oct 20, 2009 4:49am
Quoting Bull_Bear
I hope your joking, me follow your trades....
Of course i am.. ... i have a respect on u man. u better close this trade with green pips, or i will take back what i have said..
  • #177,647
  • Oct 20, 2009 5:01am Oct 20, 2009 5:01am
It seems like the weekly trend line is in play and any break out as DT has suggested would be a false break out to take out all stops....
I dont tend to use stops for my trading so...Will start loading my stops on the touch of upper TL near 6460....If I get the opportunity.
I am sitting on the sidelines till I get confirmation...

I am bearish and I can tell you one thing we will probably see a very similar drop to the one we saw a couple of weeks ago.....

Good Luck BB and DT
(Good Analysis by the both of you )
Let Price determine your future!
  • #177,648
  • Oct 20, 2009 5:03am Oct 20, 2009 5:03am
Morning all, been licking last weeks wounds - but I'm back. I have just gone short @16420.

4 hour shooting star closed (2 hours ago) below the 16400 - Risk was too great to enter then so waited for a retrace. SL 1.64770 - TP 1.61330
May the forex be with you |
  • #177,649
  • Oct 20, 2009 5:06am Oct 20, 2009 5:06am
:nerd: My last long has been closed at 1.6441. Seems like still move up, but too scary add long at high level !
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #177,650
  • Oct 20, 2009 5:14am Oct 20, 2009 5:14am
Quoting Geppyg
It seems like the weekly trend line is in play and any break out as DT has suggested would be a false break out to take out all stops....
I dont tend to use stops for my trading so...Will start loading my stops on the touch of upper TL near 6460....If I get the opportunity.
I am sitting on the sidelines till I get confirmation...

I am bearish and I can tell you one thing we will probably see a very similar drop to the one we saw a couple of weeks ago.....

Good Luck BB and DT
(Good Analysis by the both of you )
Sure is ...... If the bitch breaks this defense line, there will be alot of sore heads.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #177,651
  • Oct 20, 2009 5:35am Oct 20, 2009 5:35am
my indicator all turned blue on weekly, daily, h4, h1, m30, m15 at the time i wrote this. Long live pound, long live cable..
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  • #177,652
  • Oct 20, 2009 5:39am Oct 20, 2009 5:39am
Quoting Geppyg
It seems like the weekly trend line is in play and any break out as DT has suggested would be a false break out to take out all stops....
I dont tend to use stops for my trading so...Will start loading my stops on the touch of upper TL near 6460....If I get the opportunity.
I am sitting on the sidelines till I get confirmation...

I am bearish and I can tell you one thing we will probably see a very similar drop to the one we saw a couple of weeks ago.....

Good Luck BB and DT
(Good Analysis by the both of you )
Good luck to you too bro

Current price 16410.

Here's more detail of how I see it.

I could be completely wrong...
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  • #177,653
  • Oct 20, 2009 5:40am Oct 20, 2009 5:40am
Quoting Bull_Bear
I hope your joking, me follow your trades....
that was a good one from him
  • #177,654
  • Oct 20, 2009 5:46am Oct 20, 2009 5:46am
Quoting direct-trade
Good luck to you too bro

Current price 16410.

Here's more detail of how I see it.

I could be completely wrong...

i agreee i fancy the top side
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  • #177,655
  • Oct 20, 2009 5:59am Oct 20, 2009 5:59am
Quoting nAVIN2007
that was a good one from him
NAV

Wots doing bro?
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #177,656
  • Oct 20, 2009 6:13am Oct 20, 2009 6:13am
Quoting Bull_Bear
NAV

Wots doing bro?
im just chilling m8..this bitch hit me last week, just in the bushes right now, waiting to pounce, predator style

nice to see u recovered yur losses from last week already..
  • #177,657
  • Oct 20, 2009 6:15am Oct 20, 2009 6:15am
I'm outta here, as long as my alarm does not go off I'll be sleeping well to the down side.

See u tom
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #177,658
  • Oct 20, 2009 6:36am Oct 20, 2009 6:36am
Quoting nAVIN2007
im just chilling m8..this bitch hit me last week, just in the bushes right now, waiting to pounce, predator style

nice to see u recovered yur losses from last week already..
her bro u are not alone last week it was realy bad tand the dam thing i am still short f;;;k it
  • #177,659
  • Oct 20, 2009 6:36am Oct 20, 2009 6:36am
salamm hi allll hope u are doing well
  • #177,660
  • Oct 20, 2009 6:37am Oct 20, 2009 6:37am
its all about earnings and its coming good
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