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Cable Update (GBPUSD)

  • #184,521
  • Nov 24, 2009 1:00pm Nov 24, 2009 1:00pm
Quoting FXAdvice
don't worry brother i will open 10000 lots short...


also the way i observe market, without any indicator as i said before...
Attachment
Thank You Sir,

Peter
Jesus Christ is my only Lord !
  • #184,522
  • Nov 24, 2009 1:03pm Nov 24, 2009 1:03pm
this is my view of a channel but can be wrong,
what makes me worring is lack of confirmation of the break out down to the channel border,
it can still happen and create an interesting H&S ?

that is why I am looking for moving to be at the first support

Peter
Attached Image (click to enlarge)
Click to Enlarge Name: gu channel.gif Size: 16 KB
Jesus Christ is my only Lord !
  • #184,523
  • Nov 24, 2009 1:05pm Nov 24, 2009 1:05pm
Quoting hipcio
this is my view of a channel but can be wrong,
what makes me worring is lack of confirmation of the break out down to the channel border,
it can still happen and create an interesting H&S ?

that is why I am looking for moving to be at the first support

Peter
we need a solid candle on H1 under 1.6480 for big bang.
  • #184,524
  • Nov 24, 2009 1:08pm Nov 24, 2009 1:08pm
Quoting FXAdvice
we need a solid candle on H1 under 1.6480 for big bang.
do You mean this?

Peter
Attached Image (click to enlarge)
Click to Enlarge Name: gu h1 1.gif Size: 15 KB
Jesus Christ is my only Lord !
  • #184,525
  • Nov 24, 2009 1:12pm Nov 24, 2009 1:12pm
I move to BE - I am not ready to prove anything

Peter
Jesus Christ is my only Lord !
  • #184,526
  • Nov 24, 2009 1:13pm Nov 24, 2009 1:13pm
Quoting hipcio
do You mean this?

Peter
take a look on this chart...

Attached Image (click to enlarge)
Click to Enlarge Name: 10.gif Size: 23 KB

each time when market break that area , goes up or down like rocket...
  • #184,527
  • Nov 24, 2009 1:22pm Nov 24, 2009 1:22pm
Quoting FXAdvice
take a look on this chart...

Attachment
each time when market break that area , goes up or down like rocket...
Yes You are right,
but this is how do I see it...

I mean - You know the Tf I trade

but You are right I should have put sell stop order below weekly BEOB

Peter
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu h1 2.gif Size: 19 KB
Click to Enlarge Name: gu weekly1.gif Size: 13 KB
Jesus Christ is my only Lord !
  • #184,528
  • Nov 24, 2009 1:26pm Nov 24, 2009 1:26pm
Thank You all,

time to bed at BE - I would sleep well - I hope - here I can hope

See You

Peter
Jesus Christ is my only Lord !
  • #184,529
  • Nov 24, 2009 1:27pm Nov 24, 2009 1:27pm
Quoting hipcio
Yes You are right,
but this is how do I see it...

I mean - You know the Tf I trade

but You are right I should have put sell stop order below weekly BEOB

Peter
yeah it's good idea mate
  • #184,530
  • Nov 24, 2009 1:29pm Nov 24, 2009 1:29pm
Quoting FXAdvice
yeah it's good idea mate
Jesus Christ is my only Lord !
  • #184,531
  • Nov 24, 2009 1:35pm Nov 24, 2009 1:35pm
I bought from 6520 for long term.....
  • #184,532
  • Nov 24, 2009 1:36pm Nov 24, 2009 1:36pm
Quoting hipcio
Thank You all,

time to bed at BE - I would sleep well - I hope - here I can hope

See You

Peter
good night
When life gives you lemons, make lemonade
  • #184,533
  • Nov 24, 2009 1:40pm Nov 24, 2009 1:40pm
Quoting Wincent
I bought from 6520 for long term.....
hi, how do u trade cable, i mean what if ur trading strategy? i am a fan of cable but i always loss, i lose more than i gain, can u show me how to trade cable?
  • #184,534
  • Nov 24, 2009 1:41pm Nov 24, 2009 1:41pm
Quoting micho
good night
do you have any position?
  • #184,535
  • Nov 24, 2009 3:04pm Nov 24, 2009 3:04pm
Quoting Yngwie
atm 1.6605 is very good resistance.. any short below should be safe now..we may reach 1.6530 later.

True that. See the triangle forming? We could be at the start of the fifth leg which would be the continuation leg. If 16450 breaks, we are headed to 16250...
Attached Image (click to enlarge)
Click to Enlarge Name: poundfour.gif Size: 21 KB
"Timing Is Everything. Really I Swear It Is"
  • #184,536
  • Nov 24, 2009 3:17pm Nov 24, 2009 3:17pm
Are we bears or are we bulls?

Not sure, here is why...

On the day, we are positive MACD and negative OSMA, could improve to swing us long, but we aren't there yet.

On the 4hr, we sit right at resistance, with MACD and OSMA negative but show signs of improvement.

On the 1hr and 30m chart, we are above support with what I would call NEUTRAL MACD and OSMA.

Sadly, had to work today, missed all of the fun, oh well...

For those of you interested and have requested the indicators I use and the method I use for trading, I will be opening up a thread under Trading Systems, so as not to continually spam the cable thread with this information and leave it open for questions and group analysis. Just have a little more work to be done, will keep you posted.

For those of you not interested...Keep doing what your doing, DON'T MESS WITH SUCCESS!

Play safe traders.

Personally, I am going to sit flat until I see a break either way. Going into the holiday I am not expecting a lot, but as a scalper, am sure will pull a few bucks here n there.

Attached Image (click to enlarge)
Click to Enlarge Name: conf.JPG Size: 233 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #184,537
  • Nov 24, 2009 3:32pm Nov 24, 2009 3:32pm
  •  sloof
  • | Joined Apr 2009 | Status: Birejji (ビレッジ) ►FOREX◄ | 141 Posts
$10 says GU pops up to 1.6615ish before falling
  • #184,538
  • Nov 24, 2009 4:07pm Nov 24, 2009 4:07pm
Quoting Magix
Are we bears or are we bulls?

Not sure, here is why...

On the day, we are positive MACD and negative OSMA, could improve to swing us long, but we aren't there yet.

On the 4hr, we sit right at resistance, with MACD and OSMA negative but show signs of improvement.

On the 1hr and 30m chart, we are above support with what I would call NEUTRAL MACD and OSMA.

Sadly, had to work today, missed all of the fun, oh well...

For those of you interested and have requested the indicators I use and the method I use for trading, I will be opening up a thread...
Pleasa let us know when the thread is opened. Thanks.
Great Bodies are Engineered not Born
  • #184,539
  • Nov 24, 2009 4:10pm Nov 24, 2009 4:10pm
Im a buy ....by by!
  • #184,540
  • Nov 24, 2009 4:21pm Nov 24, 2009 4:21pm
1.6623 would seem to be a pretty critical break for the bull side. 55EMA on a 4hr....

So, 2 ways it plays out. We hit there, turn and take another run down @ the 200EMA on the 4hr, or we close above the 24SMA on the 4hr, and we are now bull market.

The weekly is still bull positive for me, and the denial @ the 200SMA has shown it to be a pretty solid bottom so far, so, I am tending to the longside.

Expect a draw back and this is still anybodies ball game.

Refer to above charts.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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