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Cable Update (GBPUSD)

  • #184,281
  • Nov 22, 2009 2:54pm Nov 22, 2009 2:54pm
Quoting Magix
I am posting this, not as a hindsight play, or to say I played from top to bottom, but more over to give an overall review of the plays, including ranges, and complete with the strategy that I use.

Depending on the amount of time you spend in market, or how diligent you are with your trading, it can still be easy to get a headfake long on a short chart and find yourself trapped in a position, or vice versa....
I just reviewed the market and decided it was going to fall some more. I didn't get all what you said. Have to review it. But I like your predictions.
A. Finesse Williams Making Millions One Pip At A Time!
  • #184,282
  • Nov 22, 2009 3:18pm Nov 22, 2009 3:18pm
Hi Everyone,

The latest price at 9:17pm UK time is 1.6509(6).

GL.
You've got to be IN IT to WIN IT!
  • #184,283
  • Nov 22, 2009 3:43pm Nov 22, 2009 3:43pm
Thanks Ifty
  • #184,284
  • Nov 22, 2009 4:16pm Nov 22, 2009 4:16pm
thanks for you information s Magix
  • #184,285
  • Nov 22, 2009 5:53pm Nov 22, 2009 5:53pm
I'm in a sell, Stoploss 1.6600.
  • #184,286
  • Nov 22, 2009 6:25pm Nov 22, 2009 6:25pm
I wasn't here for the bell ring, so consequently sit flat. I have posted a chart as to how we are playing out with the next possible resistance being the 24SMA on the 1HR chart....

For those of you who took the time to read the previous explanation and market play strategy.

For those that didn't, keep doing what you are doing.

If there is any questions as to how these things play out, or if you are unsure about these charts and market strategies, please feel free to contact me via PM, so we don't mass spam the rest of the board.



Heh...see my broker charts have frozen and have made this chart already too late..but I hope ya get the picture....
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #184,287
  • Nov 22, 2009 8:22pm Nov 22, 2009 8:22pm
can anybody tell me the direction of cable this week gbp/usd
thanks
  • #184,288
  • Nov 22, 2009 8:39pm Nov 22, 2009 8:39pm
atm, if 1.6540 hold.. we may see 1.6425.. if break.. we going up
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #184,289
  • Nov 22, 2009 8:45pm Nov 22, 2009 8:45pm
Quoting Yngwie
atm, if 1.6540 hold.. we may see 1.6425.. if break.. we going up
I have a sell limit at 1.6550 SL 1.6600, hope it gets me in. Dont really think bull rally and demand over 1.6600 price for now. IMHO
  • #184,290
  • Nov 22, 2009 9:38pm Nov 22, 2009 9:38pm
Quoting james4real
can anybody tell me the direction of cable this week gbp/usd
thanks
It should play out like this...

Up, down, down, up, down, up, up, up, down, up, down, down, up, down.

But, that is just a guess...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #184,291
  • Edited 9:58pm Nov 22, 2009 9:46pm | Edited 9:58pm
The natural order of things.... fib retracts and ma compressions.

A 50.0 - 61.8 fib retract on the hourly.... why not?

It could take to up to ~1.6660 - 1.6700.

Dr. D.
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  • #184,292
  • Nov 22, 2009 9:49pm Nov 22, 2009 9:49pm
I think Up, Up, down, down, down, Up, Up, sideways, down is more likely

Quoting Magix
It should play out like this...

Up, down, down, up, down, up, up, up, down, up, down, down, up, down.

But, that is just a guess...
skype: ststroud. let's talk trading.
  • #184,293
  • Nov 22, 2009 9:50pm Nov 22, 2009 9:50pm
The natural order of things.... fib retracts and ma compressions.

A 50.0 - 61.8 fib retract on the daily.... why not?

And it could take to down to ~1.6300 - 1.6153.

Dr. D.
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  • #184,294
  • Nov 22, 2009 9:53pm Nov 22, 2009 9:53pm
The natural order of things.... fib retracts and ma compressions.

A 50.0 - 61.8 fib retract on the weekly.... why not?

And it could take to up to ~1.7304 - 1.8220.

Dr. D.
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  • #184,295
  • Nov 22, 2009 9:54pm Nov 22, 2009 9:54pm
Quoting tyler812
I think Up, Up, down, down, down, Up, Up, sideways, down is more likely
I never really looked at it like that, you sir, might just be onto something...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #184,296
  • Nov 22, 2009 9:56pm Nov 22, 2009 9:56pm
look like heading for 1.6600 (1st TP)
  • #184,297
  • Edited 10:44pm Nov 22, 2009 10:02pm | Edited 10:44pm
bull take over unless fail to break 1.6630/50...
1.6550/60 is the key..north or south..



http://www.forexfactory.com/showpost...stcount=184210

London open -today close is crucial for the new trend?...

6530 sell at 10sen while sell limit waiting at 6600 also in 10sen...

Maybe no GU for me this week and perhaps GBPNZD and GBPJPY

Good luck

p/s: daily may bring GU to 6600 as well unless as per mentioned bold number failed..then bear continue
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  • #184,298
  • Nov 22, 2009 10:11pm Nov 22, 2009 10:11pm
Well guys...looks like this is about as exciting as it gets for right now.

Sitting flat, I got nothing telling me that a buy right now is worth anything nor a sell producing much more, and I ain't gunna sit up all night waiting...

NighterZ
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #184,299
  • Nov 22, 2009 10:18pm Nov 22, 2009 10:18pm
Here's an interesting scenerio... (see the above fib charts)

A 50.0 - 61.8 fib retract up on the hourly will draw the emas into compression to give energy to produce...
A 50.0 - 61.8 fib retract down on the daily to draw the emas into compression to give energy to produce...
A 50.0 - 61.8 fib retract up on the weekly to draw the emas into compression to give energy for
a move to who knows where.

Dr. D.
  • #184,300
  • Nov 22, 2009 10:26pm Nov 22, 2009 10:26pm
Quoting fourxtrader
Here's an interesting scenerio... (see the above fib charts)

A 50.0 - 61.8 fib retract up on the hourly will draw the emas into compression to give energy to produce...
A 50.0 - 61.8 fib retract down on the daily to draw the emas into compression to give energy to produce...
[color=#0000ff][i]A 50.0 - 61.8 fib retract up on the weekly to draw the emas into...
just a matter where is the retracement area...just my 10 sen
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