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Cable Update (GBPUSD)

  • #188,681
  • Dec 21, 2009 2:14pm Dec 21, 2009 2:14pm
I start doubt about retrace we now 1.6030
My system keep pointing down and e/u daily pointing down!!
  • #188,682
  • Dec 21, 2009 2:24pm Dec 21, 2009 2:24pm
Hello,

The only hope for bulls that 1.60 will hold the attack,for me I highly doubt it.This week hope we will see 1.57 to 1.5750.

atheer1
atheer1
  • #188,683
  • Dec 21, 2009 2:34pm Dec 21, 2009 2:34pm
Quoting atheer1
Hello,

The only hope for bulls that 1.60 will hold the attack,for me I highly doubt it.This week hope we will see 1.57 to 1.5750.

atheer1
That is why i Say Trend is your best friend
Why should i bet on something risky!!
wounder why all Hush Hush
  • #188,684
  • Dec 21, 2009 2:50pm Dec 21, 2009 2:50pm
Quoting Baby-Trader
Trade Enterd: GBPUSD
Sell 1.6135 SL 1.6165 TP 1.6050
Quoting Baby-Trader
Current price : 1.6105
25 Pip so far
Quoting Baby-Trader
So far so good,
UTL & 24SMA on H1 still holds properly.
price now 1.6079 +53 pip
Quoting Baby-Trader
SL moved to BE
Quoting Baby-Trader
Trade Closed @BE+2
For your info, this trade never moved against me.

Price reached 1.6027, trade period 6 hours from 1.6135 to 1.6027.

wish to have a good chance tomorrow.


GL everyone.
  • #188,685
  • Dec 21, 2009 2:54pm Dec 21, 2009 2:54pm
Quoting wormboy
woops .. guess we're headed for 5750 level.
surely not before christmas??
Quoting atheer1
Hello,

The only hope for bulls that 1.60 will hold the attack,for me I highly doubt it.This week hope we will see 1.57 to 1.5750.

atheer1

Just if we break this line tomorrow. IMO.
Attached Image (click to enlarge)
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  • #188,686
  • Dec 21, 2009 3:02pm Dec 21, 2009 3:02pm
Quoting kasooi
I think the upcoming day is going to go like this:

It hit that blue trendline and reversed, and that bottom blue one was on a 25 degree angle, the same as the one above it, could have just been coincidence because of a choppy day, but I think it might actually be pretty important soon.

It also hit that pink trendline a couple of times so it must be getting ready to do a break upwards.

Probably will still stay in the bearish yellow trendlines like it has for the past month or so though, unless it can get enough volume to go higher, which I doubt.

I...
The last 1hr bar closed above the trendline.

It is probably gonna bounce back and forth in that triangle for a while until it breaks out. But will have to wait and see
  • #188,687
  • Dec 21, 2009 3:03pm Dec 21, 2009 3:03pm
Hammer is formed in H1 And 2 divergence confirm it in 15m , but buying is so risky ,
buy 6048 sl 6020 tp 6100
  • #188,688
  • Dec 21, 2009 3:04pm Dec 21, 2009 3:04pm
Tomorrow news (UK GDP), if it better than previous I think we may see 1.64, if not 1.57.
  • #188,689
  • Dec 21, 2009 3:08pm Dec 21, 2009 3:08pm
Quoting Baby-Trader
Just if we break this line tomorrow. IMO.
your ltl has no significance. some of them are one touch.
Thank You
  • #188,690
  • Dec 21, 2009 3:16pm Dec 21, 2009 3:16pm
Quoting wormboy
your ltl has no significance. some of them are one touch.
Thanks Mr. Wormboy for your notice.
I corrected and attached it again and still in my view.
Could you please send your view?
Thanks.
Attached Image (click to enlarge)
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  • #188,691
  • Dec 21, 2009 3:17pm Dec 21, 2009 3:17pm
Quoting orang
Hammer is formed in H1 And 2 divergence confirm it in 15m , but buying is so risky ,
buy 6048 sl 6020 tp 6100
since it's so risky why buy it? lol this thread is getting useless. most just post complete bollocks. Stupid trade calls seems to be the agenda here. Ever heard of trade journals?
Honestly, new guys who wants to share proper trading ideas, might want to have a look at Direct Trade's GU/GJ thread.
Thank You
  • #188,692
  • Dec 21, 2009 3:18pm Dec 21, 2009 3:18pm
Quoting egkid
I start doubt about retrace we now 1.6030
My system keep pointing down and e/u daily pointing down!!

I did mention this not to long ago ...

an now i will repost monthly euro

parity ? 0.92 ? sound insane doesn't ... but if that 161.8 fe level plays out

and this is a classic wave 2 ew formation , now we are just at the beginning of wave 3

I must admit I got caught trying to go long today and missed the sell this morning .... what a dumb a***e ..... trading the trend on this one is the way to go .

Attached Image (click to enlarge)
Click to Enlarge Name: gud02.gif Size: 24 KB
Blogging daily now at www.volume.zone
  • #188,693
  • Dec 21, 2009 3:23pm Dec 21, 2009 3:23pm
Quoting wormboy
woops .. guess we're headed for 5750 level.
surely not before christmas??
Baby Trader : those are roughly the levels. Good luck with your trades.
Attached Image (click to enlarge)
Click to Enlarge Name: guw.JPG Size: 124 KB
Thank You
  • #188,694
  • Dec 21, 2009 3:25pm Dec 21, 2009 3:25pm
Quoting malcolmb14
I did mention this not to long ago ...

an now i will repost monthly euro

parity ? 0.92 ? sound insane doesn't ... but if that 161.8 fe level plays out

Attachment
But for sure, we should be see 1.46 again before that 161.8 and I think it is a proper place to start building shorts. Right??
at what time? I don't know.
  • #188,695
  • Dec 21, 2009 3:26pm Dec 21, 2009 3:26pm
Quoting wormboy
since it's so risky why buy it? lol this thread is getting useless. most just post complete bollocks. Stupid trade calls seems to be the agenda here. Ever heard of trade journals?
Honestly, new guys who wants to share proper trading ideas, might want to have a look at Direct Trade's GU/GJ thread.

daily trend is down trade with the trend ....I have no idea why some in here love calling longs when they are the highest risk trade out there right now. and I have even less idea why I thought it would be a good day to try a counter trend trade. Screwed up my whole trading day.

Look at channel on gold ... 1000 and below here we come

I mised both gu and eu as was baby sitting a gu long I took last night that gave me a 60pip hit , by that time my trading mind was destroyed for the day and subsequently I missed 90 pip down gu and 90 eu ,

now until daily turns no more longs for me....

I got into it with GM on the weekend about traidng counter trend and here I am doing exactly what I should not be doing

still 60 pip is not that much , all i need do is wait for next little retrace during London maybe and then sell a rally when there is reason to . We have 3000 pips plus before my 1ST TARGET ..lol loads of time to make 60 back
Blogging daily now at www.volume.zone
  • #188,696
  • Dec 21, 2009 3:29pm Dec 21, 2009 3:29pm
Quoting wormboy
Baby Trader : those are roughly the levels. Good luck with your trades.
Thanks Sir,
each time you post, I learn a new thing.
  • #188,697
  • Dec 21, 2009 3:30pm Dec 21, 2009 3:30pm
Quoting Baby-Trader
But for sure, we should be see 1.46 again before that 161.8 and I think it is a proper place to start building shorts. Right??
at what time? I don't know.

i am praying for a nice little reatrce ...

they are even trying to hold it up over the xmas period saying some swiss bank will intervene

any intervention that is done now is for one reason only .... for them to stop intervening at 1.4400 , take profit as all retailers hit market into 1.4600 and then the swiss bank will sell it at a better value 1.4550 ish .

At the moment though i doubt it will get back to 1.4400.... man I was exoecting wave 2 on daily to form this week , caught me off guard when she dropped again this morning.
Blogging daily now at www.volume.zone
  • #188,698
  • Dec 21, 2009 3:33pm Dec 21, 2009 3:33pm
**Rubs his Crystal Balls**

I see dead people....

&


1.6090
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #188,699
  • Dec 21, 2009 3:36pm Dec 21, 2009 3:36pm
  •  IbkA
  • | Joined Nov 2009 | Status: 'Hope' + 'Greed' = GAMBLING... | 514 Posts
Hi Malcomb

Do you think we will see a retrace? I've been waiting for a retrace since last Thursday but doesn't seem like we're going to get one.

Remember the post on the 2 scenarios post FOMC September and November i.e. 1.64 to 1.68 over 5 days, or 1.64 to 1.57x over 3 days; looks like the September scenario's repeating itself, and I just can't see any news that can take this back up for a significant enough retrace to short from, unless gives us some unreal GDP figures tomorrow.

60 pips is nothing to you so you will recoup pretty quickly knowing you.

Good luck.

i (broette)

Quoting malcolmb14
daily trend is down trade with the trend ....I have no idea why some in here love calling longs when they are the highest risk trade out there right now. and I have even less idea why I thought it would be a good day to try a counter trend trade. Screwed up my whole trading day.

Look at channel on gold ... 1000 and below here we come

I mised both gu and eu as was baby sitting a gu long I took last night that gave me a 60pip hit , by that time my trading mind was destroyed for the day and subsequently I missed 90 pip down gu and 90 eu ,

now...
  • #188,700
  • Dec 21, 2009 3:38pm Dec 21, 2009 3:38pm
Quoting malcolmb14
I did mention this not to long ago ...

an now i will repost monthly euro

parity ? 0.92 ? sound insane doesn't ... but if that 161.8 fe level plays out

and this is a classic wave 2 ew formation , now we are just at the beginning of wave 3

I must admit I got caught trying to go long today and missed the sell this morning .... what a dumb a***e ..... trading the trend on this one is the way to go .

Attachment
This is insane ,My system on daily pointing down But isn't suppose there is a retrace? We drop almost 900 pip e/u
What your daily view e/u?

All i'm sure about us index real tough [email protected] close above on daily then sell with no thinning e/u in my view
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