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Cable Update (GBPUSD)

  • #183,241
  • Nov 16, 2009 10:27pm Nov 16, 2009 10:27pm
Oh well, it looks like the bulls are still in charge. Taken a long with target of 1.7
  • #183,242
  • Nov 16, 2009 10:33pm Nov 16, 2009 10:33pm
Quoting Reznik
Good day U all... Looks like today is day to make profits. Magix what's your take on the cable. Up or Down....
I still got love for the bulls in my heart, but maybe because thats because they been so good to me today...

HOWEVER...

The massive uptake did hit a major daily resistance on my charts and seems to be following direction of gold. Now, I took a short on gold last night to fill the gap, and well, that didn't turn out so well fortunately took a cool 56 to cover the losses on it today.

AS the gap still not filled, we might see a week like last, up like a rocket only to come down..Have traders so busy chasing their tales that a coin toss was almost a better indicator then using the charts.

I will wait for close over 24 SMA on 30 min chart to continue the long, but do see the next possible support area with 200EMA on 5m chat, which just happens to sits right below 1.68....HRMMMMMMM wonder who planned that????

At this point, because we have all mixed time frames, the smart money sits...

The gambler specs a play @ 1.68 and runs a stop loss @ 1.6775.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #183,243
  • Nov 16, 2009 11:04pm Nov 16, 2009 11:04pm
Watch the make of the Dollar... The most popular currency goes to the Skyies. Ups!! My bad...
  • #183,244
  • Nov 16, 2009 11:05pm Nov 16, 2009 11:05pm
Well, doesn't that just punctuate the close of an hour and confirm the 30m....

Gamblers have it...waiting for a pull back to support, and a close of confirmation on the 30m.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #183,245
  • Nov 16, 2009 11:05pm Nov 16, 2009 11:05pm
G Morning, Coffee brewed ready for action and it's a nie sunny day. Feel like bursting into song
IMHO Same conclusion as Magix reasons:
ABC correction start of probable wave 1 or A..gator closing jaws but conflicting Stoch signal on ltfs wait for bear reversal
Sod it, it's just done it whilst I've been typing! still nice to right
  • #183,246
  • Nov 16, 2009 11:10pm Nov 16, 2009 11:10pm
Quoting forexlion
GU will tank to 1.6660 before taking on 1.7374
1.675 then 1.6670
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #183,247
  • Nov 16, 2009 11:14pm Nov 16, 2009 11:14pm
See my take... USD is UPward till the US session. But I forsee a drop back in the volume traded till after the news... So the smart money sits this out. Now I am holding a LONG...
  • #183,248
  • Nov 16, 2009 11:18pm Nov 16, 2009 11:18pm
Statistical probabilities still say that within the next 30 hours we will be back to 1.672x area....but why not play the trend when it makes sooooooo much money....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #183,249
  • Nov 16, 2009 11:22pm Nov 16, 2009 11:22pm
I'm throwing a short/I took a short at 857
  • #183,250
  • Nov 16, 2009 11:27pm Nov 16, 2009 11:27pm
Quoting Yngwie
1.675 then 1.6670
Sold 1 lot at 1.6853 and more sell order at 1.6865
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #183,251
  • Nov 16, 2009 11:30pm Nov 16, 2009 11:30pm
Quoting Reznik
See my take... USD is UPward till the US session. But I forsee a drop back in the volume traded till after the news... So the smart money sits this out. Now I am holding a LONG...
No real direction yet major currencies all stalling.. scalping in a 60 pip tunnel . I'm in the smart money and as you suggested I'll wait for the news unless the indicators give a def signal.
I asked yesterday but being reading up on alternative price projection ratios working a little like moveable fibs. Can we can get this bolt on for MT4
  • #183,252
  • Nov 16, 2009 11:35pm Nov 16, 2009 11:35pm
Quoting Chumbawunga
No real direction yet major currencies all stalling.. scalping in a 60 pip tunnel . I'm in the smart money and as you suggested I'll wait for the news unless the indicators give a def signal.
I asked yesterday but being reading up on alternative price projection ratios working a little like moveable fibs. Can we can get this bolt on for MT4
If your interested in self correcting fibs for all time frames...check out this one...got it on my charts, use it with confirmation of moving averages.....

In the inputs, if you select false on the Show Guage...it takes away some of the crap...
Attached File(s)
File Type: mq4 TRO_forexgreenland.mq4   16 KB | 409 downloads
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #183,253
  • Nov 16, 2009 11:41pm Nov 16, 2009 11:41pm
Quoting Chumbawunga
No real direction yet major currencies all stalling.. scalping in a 60 pip tunnel . I'm in the smart money and as you suggested I'll wait for the news unless the indicators give a def signal.
I asked yesterday but being reading up on alternative price projection ratios working a little like moveable fibs. Can we can get this bolt on for MT4
In MT4 you'll find under fib expansion......go to insert / fibonacci / expansion.....
Trading Levels with WRBs
  • #183,254
  • Nov 16, 2009 11:45pm Nov 16, 2009 11:45pm
GBP going to 6900 in short run, :-)
  • #183,255
  • Nov 16, 2009 11:49pm Nov 16, 2009 11:49pm
Quoting Magix
If your interested in self correcting fibs for all time frames...check out this one...got it on my charts, use it with confirmation of moving averages.....

In the inputs, if you select false on the Show Guage...it takes away some of the crap...
Yep already got this one .. you recommended it last week and I installed it. Fantastic thnx

Chum
  • #183,256
  • Nov 16, 2009 11:50pm Nov 16, 2009 11:50pm
Quoting Islander
In MT4 you'll find under fib expansion......go to insert / fibonacci / expansion.....
theres a way to set the regular fib in mt4 with the extensions all in one.I did a search on the web and found it
  • #183,257
  • Nov 16, 2009 11:50pm Nov 16, 2009 11:50pm
Quoting Islander
In MT4 you'll find under fib expansion......go to insert / fibonacci / expansion.....
Thnx I'll try it out.
  • #183,258
  • Nov 16, 2009 11:54pm Nov 16, 2009 11:54pm
Quoting Chumbawunga
Yep already got this one .. you recommended it last week and I installed it. Fantastic thnx

Chum
Last week, most people still had me on ignore....

Buwahahahahhah
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #183,259
  • Nov 16, 2009 11:55pm Nov 16, 2009 11:55pm
Quoting Magix
Last week, most people still had me on ignore....

Buwahahahahhah
  • #183,260
  • Nov 16, 2009 11:58pm Nov 16, 2009 11:58pm
Level
0
0.146
0.236
0.382
0.5
0.618
0.786
0.86
0.942
1
-0.18
-0.27
-0.382
-0.618
-1
-1.618
-3.236 Description
0.0 - %$
14.6 - %$
23.6 - %$
38.2 - %$
50.0 - %$
61.8 - %$
78.6 - %$
86.0 - %$
94.2 - %$
100.0 - %$
118.0 - %$
127.0 - %$
138.2 - %$
161.8 - %$
200.0 - %$
261.8 - %$
423.6 - %$
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