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Cable Update (GBPUSD)

  • #184,421
  • Nov 23, 2009 2:12pm Nov 23, 2009 2:12pm
Quoting malcolmb14
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

Attachment
Yes You are right - I can see it

Peter
Jesus Christ is my only Lord !
  • #184,422
  • Nov 23, 2009 2:19pm Nov 23, 2009 2:19pm
Quoting hipcio
do You still offer Your bones for sale?

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

Peter
My bones say 1.70 still before year end

Talking bones rule ok !

Trailing my s/l up behind this little rise - but not too close

So it's all smiles so far -końskie zęby
  • #184,423
  • Nov 23, 2009 2:28pm Nov 23, 2009 2:28pm
Quoting allserene
My bones say 1.70 still before year end

Talking bones rule ok !

Trailing my s/l up behind this little rise - but not too close

So it's all smiles so far -końskie zęby
hehehe

I am going to sleep, I do not touch my trade, finally we have a free market will do what will do...

Good trading All

Peter
Jesus Christ is my only Lord !
  • #184,424
  • Nov 23, 2009 2:45pm Nov 23, 2009 2:45pm
Quoting malcolmb14
thanksgiving in US on friday

most US traders are off for the week , US shuts down around Wednesday
Its always on a Thursday!
  • #184,425
  • Nov 23, 2009 3:57pm Nov 23, 2009 3:57pm
What you think now - is it real that price reach 1.6550? I'm in short from 1.6640 and can't understand - close possition or just move SL to 1.6640 and see what happens.

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  • #184,426
  • Nov 23, 2009 4:29pm Nov 23, 2009 4:29pm
Quoting Fibo_trader
What you think now - is it real that price reach 1.6550? I'm in short from 1.6640 and can't understand - close possition or just move SL to 1.6640 and see what happens.

Attachment

Sell-la-mania... Ha!! me don't know. But me click sell, sell....
  • #184,427
  • Nov 23, 2009 4:44pm Nov 23, 2009 4:44pm
Quoting Fibo_trader
What you think now - is it real that price reach 1.6550? I'm in short from 1.6640 and can't understand - close possition or just move SL to 1.6640 and see what happens.

Attachment
If you are unsure in your position, and especially if you are in the profit zone...Take the money and wait until the markets become more clear to you.

As of current...they are long of being short, and short of being long.

If you wanna gamble the play, there is a good likelyhood that a retrace to your entrance is likely...Take the dough Joe!

Just an IMO...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #184,428
  • Nov 23, 2009 5:09pm Nov 23, 2009 5:09pm
Long breakout to 1.6640 perhaps - from 1.6608 level, after consolidation completed? We'll see
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  • #184,429
  • Nov 23, 2009 6:59pm Nov 23, 2009 6:59pm
Quoting Fibo_trader
What you think now - is it real that price reach 1.6550? I'm in short from 1.6640 and can't understand - close possition or just move SL to 1.6640 and see what happens.

Attachment
Ok, I take profit at 1.6570. There can be correction up and I better want to take 70p than wait 90p and see how your targets at 1.6700 become real. ;D

Good night and good luck.
  • #184,430
  • Nov 23, 2009 8:32pm Nov 23, 2009 8:32pm
I do not want to tell any one what to do.

BUT, to the question at hand, we have corrected, again a bit lower than some expectations perhaps.

Now if the current support holds you will lose profit.
Thus "I" would TP.

Trade at own risk. Depends on your view though.

My levels of interest to follow.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #184,431
  • Nov 23, 2009 9:38pm Nov 23, 2009 9:38pm
Quoting TexasforEX
short taken @ 1.6615, stops over 1.6675

Well I am keeping my short and looking for 16250 to print this week. But that is just "me".
"Timing Is Everything. Really I Swear It Is"
  • #184,432
  • Nov 23, 2009 10:21pm Nov 23, 2009 10:21pm
Quoting TexasforEX
Well I am keeping my short and looking for 16250 to print this week. But that is just "me".
Stick to your guns Amigo...and by guns, I mean Charts....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #184,433
  • Nov 23, 2009 10:52pm Nov 23, 2009 10:52pm
H&S on H4 any idea?
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  • #184,434
  • Edited 11:19pm Nov 23, 2009 10:57pm | Edited 11:19pm
MAE all Traders,

I was able to salvage this before a freeze of the chart..

Here are some areas I am looking at on the H1 Thru this Chart t/f M15
they are better shown on the M15 due to recent activity. The green pointers indicate crossover of TLs with S/R areas I am looking to.
These can go 2 ways. Unfortunately the some Highs and Lows are not shown on this representation.

EDIT #2 Please note I try to average the S/R levels to whole number areas. Also the TL crosses do not all perfectly match up. Nothing in FX does.
What is important to me is that they are close "enough" to be valid. I am working it.....

For tonight I took longs @ .6566 and @6580

Not intending on staying in these trades past tonight or tomorrow depending...
We'll see.

Now I go back to the charts..
G/L All,
Happy Thanksgiving!
X-

EDIT: IF time permits, I will be re-charting and show the beginning of my views. Now I need to go drop an expensive parking ticket in the mail! "Not Guilty!"
Attached Image (click to enlarge)
Click to Enlarge Name: Cable H15 Tls S_R 11_23 .png Size: 140 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #184,435
  • Nov 23, 2009 11:24pm Nov 23, 2009 11:24pm
:nerd:1,6583 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #184,436
  • Nov 23, 2009 11:35pm Nov 23, 2009 11:35pm
Hi What is this?

Entry? S or L? something else?
Quoting manize
:nerd:1,6583 !
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #184,437
  • Nov 23, 2009 11:36pm Nov 23, 2009 11:36pm


Go higher as u can
  • #184,438
  • Nov 23, 2009 11:45pm Nov 23, 2009 11:45pm
Grashid, I want higher!!!

Seems these little upticks from todays high have been met with some sellers....

I am enjoying scalping tonight. Closed both of the above for combined 22 pips. Not great.. but. What can we do besides look for new entry.

If I had the balls right now I would have sold a lot while closing long...
Too risky In my opinion for this PA.

Cable is full of fakeouts.

If the immediatly .65600 is considerably breached I will consider short scalp.
Will check Aussie /USD pair and gold action now.

Quoting grashid


Go higher as u can
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #184,439
  • Nov 23, 2009 11:58pm Nov 23, 2009 11:58pm
Quoting XTrade
Grashid, I want higher!!!

Seems these little upticks from todays high have been met with some sellers....

I am enjoying scalping tonight. Closed both of the above for combined 22 pips. Not great.. but. What can we do besides look for new entry.

If I had the balls right now I would have sold a lot while closing long...
Too risky In my opinion for this PA.

Cable is full of fakeouts.

If the immediatly .65600 is considerably breached I will consider short scalp.
Will check Aussie /USD pair and gold action now.
..mee too..but just my 10sen....i'll start my GBPNZD and GY soon..maybe not on GU...do not stay too long...40-50pips +ve then out..and perhaps tomorrow or thursday we will have a better view...

however my bias still remain unchanged since last week call unless 6680 break...that it...Good luck
  • #184,440
  • Nov 24, 2009 12:00am Nov 24, 2009 12:00am
A nice bounce off of a packed compression of ema's up at ~1.6583....
(6 strong: 54ema - 144ema)... so grab the ~30 pips and run.

When there is spacing between ema's the price action can pierce thru
easily but when they are wound tightly it's hard to penetrate. Same
with laminates and composites. They'll give and are pliable individually
but sandwiched together they are stronger than steel.

Talk about a nice area of resistance. Since it's only the 15m chart
it may only be momentary.

Dr. D.
Attached Image
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