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Cable Update (GBPUSD)

  • #184,401
  • Nov 23, 2009 11:27am Nov 23, 2009 11:27am
all of us trade what we see, i don't think much of a 15min h&s pattern especially if it's not clear, i will consider short if it brakes hourly below 6580 and stochs support a move down.
  • #184,402
  • Nov 23, 2009 11:31am Nov 23, 2009 11:31am
Quoting Endrju
all of us trade what we see, i don't think much of a 15min h&s pattern especially if it's not clear, i will consider short if it brakes hourly below 6580 and stochs support a move down.
I agree with this point because on 1 hr we have two bars low 6586 and 6585 in the forming down trend so if it breaks below 80 it should go down,

my short is out of pin on h4

Peter
Jesus Christ is my only Lord !
  • #184,403
  • Nov 23, 2009 11:39am Nov 23, 2009 11:39am
Quoting hipcio
I agree with this point because on 1 hr we have two bars low 6586 and 6585 in the forming down trend so if it breaks below 80 it should go down,

my short is out of pin on h4

Peter
i have put my long at be, it's now +10, i'm not that sure about all situation, because stocks have lowered, oil has slipped negative but gold is still up. All is mixed right now. Not the situation i have strong opinion.
andris
  • #184,404
  • Nov 23, 2009 11:43am Nov 23, 2009 11:43am
Quoting Endrju
i have put my long at be, it's now +10, i'm not that sure about all situation, because stocks have lowered, oil has slipped negative but gold is still up. All is mixed right now. Not the situation i have strong opinion.
andris
To tell the truth I do not know anything about fundamentals

Peter
Jesus Christ is my only Lord !
  • #184,405
  • Nov 23, 2009 11:45am Nov 23, 2009 11:45am
Quoting hipcio
To tell the truth I do not know anything about fundamentals

Peter
are you on real or on demo account?
  • #184,406
  • Nov 23, 2009 11:50am Nov 23, 2009 11:50am
i think most of us are on demo account, and is different than real . you have no fear in demo.....
  • #184,407
  • Nov 23, 2009 11:51am Nov 23, 2009 11:51am
Quoting Endrju
i have put my long at be, it's now +10, i'm not that sure about all situation, because stocks have lowered, oil has slipped negative but gold is still up. All is mixed right now. Not the situation i have strong opinion.
andris
My thoughts exactly - made a little bit out of the long but getting ready to bail out if there is no follow through..
  • #184,408
  • Nov 23, 2009 11:51am Nov 23, 2009 11:51am
there is a H&S which second shoulder has not complete yet so it can be
on fib 50% + ema 50 on H4 (1.6620-1.6670) zone however it can be fade
but i cant find any up trend pattern there.
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  • #184,409
  • Nov 23, 2009 11:51am Nov 23, 2009 11:51am
Quoting Endrju
are you on real or on demo account?

I post here only my demo trades

Peter
Jesus Christ is my only Lord !
  • #184,410
  • Nov 23, 2009 11:53am Nov 23, 2009 11:53am
Quoting hipcio
To tell the truth I do not know anything about fundamentals

Peter

be careful on that short....

we moved down bu no real selling pressure .... the sell shoudl be on re test 1.6650 zone ....

right now we oculd be in upward channel 15 min , with upper target 1.6740 ish ( 61.8% reatrcement of wave 3 down)

been an odd market today , I have been in and out rather than holding ( although did get a nice long over night)

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  • #184,411
  • Nov 23, 2009 11:58am Nov 23, 2009 11:58am
Quoting malcolmb14
be careful on that short....

we moved down bu no real selling pressure .... the sell shoudl be on re test 1.6650 zone ....

right now we oculd be in upward channel 15 min , with upper target 1.6740 ish ( 61.8% reatrcement of wave 3 down)

been an odd market today , I have been in and out rather than holding ( although did get a nice long over night)

Attachment
channel is a channel...

I would not risk more than 2 % on that pin so I am careful as usually

Peter
Jesus Christ is my only Lord !
  • #184,412
  • Nov 23, 2009 12:01pm Nov 23, 2009 12:01pm
I would draw a channel rather this way

Peter
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Jesus Christ is my only Lord !
  • #184,413
  • Nov 23, 2009 12:01pm Nov 23, 2009 12:01pm
Quoting hipcio
I post here only my demo trades

Peter
Greetings
stary koń
Sometimes I wish I was on demo - other times it's nice to be live !
  • #184,414
  • Nov 23, 2009 12:02pm Nov 23, 2009 12:02pm
Quoting Endrju
i have put my long at be, it's now +10, i'm not that sure about all situation, because stocks have lowered, oil has slipped negative but gold is still up. All is mixed right now. Not the situation i have strong opinion.
andris

and its growing...

Peter
Jesus Christ is my only Lord !
  • #184,415
  • Nov 23, 2009 12:04pm Nov 23, 2009 12:04pm
Quoting allserene
Greetings
stary koń
Sometimes I wish I was on demo - other times it's nice to be live !

heehehe

a najlepiej tak i tak

Peter
Jesus Christ is my only Lord !
  • #184,416
  • Nov 23, 2009 12:06pm Nov 23, 2009 12:06pm
Quoting allserene
Greetings
stary koń
Sometimes I wish I was on demo - other times it's nice to be live !
do You still offer Your bones for sale?

I ask because they may be needed - I can feel the flu coming...

Peter
Jesus Christ is my only Lord !
  • #184,417
  • Nov 23, 2009 12:07pm Nov 23, 2009 12:07pm
i see possible TL this way, i'm also waiting for wednesday revised gdp, it could be interesting day, i think it should be better than -0.4, it could make a nice rally, and it is weeks main econ. news. i think fundamentals are not most important, but stuff you cannot work without.
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  • #184,418
  • Nov 23, 2009 12:08pm Nov 23, 2009 12:08pm
Can somebody tell me what's going on? The market seems completely dead!
  • #184,419
  • Nov 23, 2009 12:09pm Nov 23, 2009 12:09pm
Quoting hipcio
I would draw a channel rather this way

Peter

Peter

we have 2 distinct lows now ..... that is your channel base ... and I fitted lines on top of channel to suit price action

as we know price moves in 5 waves .... here is the channel showing end wave 5 ..could be as high as 1.6740

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  • #184,420
  • Nov 23, 2009 12:09pm Nov 23, 2009 12:09pm
Quoting Zaatar
Can somebody tell me what's going on? The market seems completely dead!

thanksgiving in US on friday

most US traders are off for the week , US shuts down around Wednesday
Blogging daily now at www.volume.zone
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