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Cable Update (GBPUSD)

  • #185,461
  • Dec 2, 2009 4:08am Dec 2, 2009 4:08am
Quoting cgldsmth
there goes my so-called resistance!
Well i am on the side line watching for this 5th and final EW should end 6675 area Its 127 Projection of the last small down move which was the 4th wave
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  • #185,462
  • Dec 2, 2009 4:15am Dec 2, 2009 4:15am
could be interesting. details on my blog for everybody
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  • #185,463
  • Dec 2, 2009 4:17am Dec 2, 2009 4:17am
also 6690 is 10-23 high and 6710 is the 1.618 fib projection. Lets see which one is gonna stop it
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #185,464
  • Dec 2, 2009 4:35am Dec 2, 2009 4:35am
Quoting samdani786
Well i am on the side line watching for this 5th and final EW should end 6675 area Its 127 Projection of the last small down move which was the 4th wave
Went small short at 6670 with tight stop . Lets see
Attached Image (click to enlarge)
Click to Enlarge Name: gbp m5 2.gif Size: 20 KB
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #185,465
  • Dec 2, 2009 4:35am Dec 2, 2009 4:35am
:nerd:1.6663 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #185,466
  • Dec 2, 2009 4:40am Dec 2, 2009 4:40am
Short entered @1.6680 SL 1.6760 TP 1.6290.
mmmmmmmmmm let's see.
  • #185,467
  • Dec 2, 2009 4:45am Dec 2, 2009 4:45am
Quoting samdani786
Well i am on the side line watching for this 5th and final EW should end 6675 area Its 127 Projection of the last small down move which was the 4th wave
if it will down !!!

what is the price it will reach???
  • #185,468
  • Dec 2, 2009 4:51am Dec 2, 2009 4:51am
Quoting GlobalMacro
Hi Allan,

You're Welcome.
Where are you bro, Hope you come soon,Things looks nuts here and need your advice
  • #185,469
  • Dec 2, 2009 4:53am Dec 2, 2009 4:53am
Quoting fourxtrader
I could have limited my trading simply to the 1m chart (or 5m) and been safe since I use 9 ema's ranging from 6 - 144.

Dr. D.
Once again, following a 1m chart will do just fine.
See how the ema's rollover and produce a sudden
move off of the compression.

Dr. D.
Attached Image
  • #185,470
  • Dec 2, 2009 4:57am Dec 2, 2009 4:57am
seems cable found some resist again lets see what happen
  • #185,471
  • Dec 2, 2009 4:59am Dec 2, 2009 4:59am
Hmm.. I won't see.. somehow my lovely broker gives me no connection.. anyway... i'm short, any updates on my trade?
  • #185,472
  • Dec 2, 2009 5:01am Dec 2, 2009 5:01am
M15 bullish again seat on 1.6663 ---> hold long !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #185,473
  • Dec 2, 2009 5:02am Dec 2, 2009 5:02am
Quoting manize
M15 bullish again seat on 1.6663 ---> hold long !
am suspicious about it
  • #185,474
  • Dec 2, 2009 5:03am Dec 2, 2009 5:03am
Dragon is getting ready to go south IMHO. Will Wait for PA to confirm
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The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #185,475
  • Dec 2, 2009 5:03am Dec 2, 2009 5:03am
Quoting manz66
So your short trade is now over -100 pips minus?

That depends on if I'm blind, stupid and have novacaine hands.

I trade only off full compressions and separations. Thanks for asking.

Dr. D.
  • #185,476
  • Dec 2, 2009 5:04am Dec 2, 2009 5:04am
Quoting FXAdvice
am suspicious about it
Yes, doubtfull trend, therefore I only hold, not add long ! Hoping touches 1.6693/1.6715 before a probably fall down !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #185,477
  • Dec 2, 2009 5:10am Dec 2, 2009 5:10am
Quoting samdani786
man i was up 74 pips and didnt close it . How stupid someone can get .
But thats the name of the game haha . and i am still in the game ( at least for now ) just got saved by the bell
It is experienced by all tradder ! Trade well bro !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #185,478
  • Dec 2, 2009 5:11am Dec 2, 2009 5:11am
eurgbp's break 0.9050 will cary cable higher i guess but i am afraid of entering long at this level lol
  • #185,479
  • Dec 2, 2009 5:15am Dec 2, 2009 5:15am
Two examples of possible 1m chart trades off of compression
and separation rollovers. 50 pips down followed by 100 pips up.

Dr. D.
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  • #185,480
  • Dec 2, 2009 5:21am Dec 2, 2009 5:21am
Here is the Dollar index m15
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