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Cable Update (GBPUSD)

  • #188,941
  • Dec 22, 2009 10:16am Dec 22, 2009 10:16am
Going down?Or take a breath a while?Hope not!
  • #188,942
  • Dec 22, 2009 10:18am Dec 22, 2009 10:18am
Quoting Why Oh Why
Holding with a few lots short from 1.607. It's still capped by a MT declining trend line and it broke below its support at 1.595 which may become resistance now. Last 1.5958.
Still holding. Last 1.598.

http://www.tradingcentral.com/chart/...1222185600.GIF

Do not focus on making money; focus on protecting what you have.
  • #188,943
  • Dec 22, 2009 10:33am Dec 22, 2009 10:33am
Quoting Yngwie
Buy 1.5927 SL 1.5910 TP 1.6025

http://www.forexsignal-yngwie.com/20...1_archive.html
Closed manually 1.5982 for +55 pips profit
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #188,944
  • Dec 22, 2009 10:34am Dec 22, 2009 10:34am
Hello everyone. Have a daily chart for you to look at.

Cheers,

Jack
Attached Image (click to enlarge)
Click to Enlarge Name: Picture1.jpg Size: 124 KB
  • #188,945
  • Dec 22, 2009 10:38am Dec 22, 2009 10:38am
Quoting Yngwie
Closed manually 1.5982 for +55 pips profit
whats next ?
  • #188,946
  • Dec 22, 2009 10:40am Dec 22, 2009 10:40am
Quoting jack.canadia
Hello everyone. Have a daily chart for you to look at.

Cheers,

Jack
Hey bro
Not seeing you much!?
My view 1.6440 to 1.65
I think we Just started the retrace and if not break today low
But i will not long only sell to me

Closed my sell i post yesterday with ++ green:-)
  • #188,947
  • Dec 22, 2009 10:50am Dec 22, 2009 10:50am
Quoting Yngwie
Closed manually 1.5982 for +55 pips profit
you know I might get on your case ... but man I was scratching my head on that one .. how does he do I was wondering ...

Nice work
Blogging daily now at www.volume.zone
  • #188,948
  • Dec 22, 2009 10:55am Dec 22, 2009 10:55am
ok daily broke down into that resistance zone from 20th of september to 10 th october.

Top of zone is 1.6030 and for sure a nice place to sell form if we get back up there and there is reason to

There is still a chance that this goes down into 1.57xx by end of week if we remain in this zone. Hovever it took a long time for gu to test bottom of the resistance zone last time we were here , not sure what will happen this go around.

Attached Image (click to enlarge)
Click to Enlarge Name: gud02.gif Size: 28 KB
Blogging daily now at www.volume.zone
  • #188,949
  • Dec 22, 2009 11:03am Dec 22, 2009 11:03am
Quoting malcolmb14
ok daily broke down into that resistance zone from 20th of september to 10 th october.

Top of zone is 1.6030 and for sure a nice place to sell form if we get back up there and there is reason to

There is still a chance that this goes down into 1.57xx by end of week if we remain in this zone. Hovever it took a long time for gu to test bottom of the resistance zone last time we were here , not sure what will happen this go around.

Attachment
Remember we suppose to start in w2 as we thought yesterday!!
MAL, Do you have experience with shooting star candle?
I have pattern here not sure about it, So do you?
  • #188,950
  • Dec 22, 2009 11:05am Dec 22, 2009 11:05am
Quoting malcolmb14
you know I might get on your case ... but man I was scratching my head on that one .. how does he do I was wondering ...

Nice work
that's because every now & then when you pick bottom you get lucky.
You never see the losses published do you? lol
Thank You
  • #188,951
  • Dec 22, 2009 11:09am Dec 22, 2009 11:09am
Quoting wormboy
that's because every now & then when you pick bottom you get lucky.
You never see the losses published do you? lol
no only those published in my account ....lol
Blogging daily now at www.volume.zone
  • #188,952
  • Dec 22, 2009 11:12am Dec 22, 2009 11:12am
Quoting egkid
Remember we suppose to start in w2 as we thought yesterday!!
MAL, Do you have experience with shooting star candle?
I have pattern here not sure about it, So do you?

this could indicate something

I was taken by surprise when we did not get an up move in low volume for reatrcements gu and eu .....

does this mean that we maore free fall to come and pros are just not willing to buy

The ES has been held up all xmas week .. on low volumes . Is this just artificial and possible selling will start in New Year ?

I am keep close eye on that DX ... it opped to new year high today
Blogging daily now at www.volume.zone
  • #188,953
  • Dec 22, 2009 11:19am Dec 22, 2009 11:19am
Quoting malcolmb14
this could indicate something

I was taken by surprise when we did not get an up move in low volume for reatrcements gu and eu .....

does this mean that we maore free fall to come and pros are just not willing to buy

The ES has been held up all xmas week .. on low volumes . Is this just artificial and possible selling will start in New Year ?

I am keep close eye on that DX ... it opped to new year high today
As you like but i see retrace going to start IF no more low come
And thought to remind you of our talk yesterday about retrace and w2

You didn't answer my question do you have experience with shooting star Pattern?
  • #188,954
  • Dec 22, 2009 11:21am Dec 22, 2009 11:21am
Quoting egkid
As you like but i see retrace going to start IF no more low come
And thought to remind you of our talk yesterday about retrace and w2

You didn't answer my question do you have experience with shooting star Pattern?

yes...where do you see it ?
Blogging daily now at www.volume.zone
  • #188,955
  • Dec 22, 2009 11:22am Dec 22, 2009 11:22am
Please take a look at the last candle in red...looks like is the end of south ?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 50 KB
  • #188,956
  • Dec 22, 2009 11:23am Dec 22, 2009 11:23am
Quoting egkid
As you like but i see retrace going to start IF no more low come
And thought to remind you of our talk yesterday about retrace and w2

You didn't answer my question do you have experience with shooting star Pattern?

euro traders have been saying the same thing for 3 weeks now....lol

Attached Image (click to enlarge)
Click to Enlarge Name: gud02.gif Size: 23 KB
Blogging daily now at www.volume.zone
  • #188,957
  • Dec 22, 2009 11:34am Dec 22, 2009 11:34am
Quoting malcolmb14
this could indicate something

I was taken by surprise when we did not get an up move in low volume for reatrcements gu and eu .....

does this mean that we maore free fall to come and pros are just not willing to buy

The ES has been held up all xmas week .. on low volumes . Is this just artificial and possible selling will start in New Year ?

I am keep close eye on that DX ... it opped to new year high today
What DX are you looking at? Or, did you mean to say ES?
Attached Image (click to enlarge)
Click to Enlarge Name: dx week.gif Size: 38 KB
I trade what I see on my charts. Do Not listen to the Muppets.
  • #188,958
  • Dec 22, 2009 11:39am Dec 22, 2009 11:39am
Quoting geocatalinfx
Please take a look at the last candle in red...looks like is the end of south ?

do not get caught

so pros marked down price thru a very strong support levels on daily chart 1.6030.

Now we get a retest of 1.6000 level from underneath , so on a 15 min / 5 min we can sell again

price are only marked down thru support fast as professional money expect lowers prices.

I would only be going long on a break back above 6030 with a retest of that level from above.

Attached Image (click to enlarge)
Click to Enlarge Name: gud02.gif Size: 34 KB
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  • #188,959
  • Dec 22, 2009 11:40am Dec 22, 2009 11:40am
Quoting geocatalinfx
Please take a look at the last candle in red...looks like is the end of south ?
you have to wait for the next candle to complete if it dont close below the close of the pin par it is a good sign but has soon is the close of the pin bar is broken I wont rely on it.

  • #188,960
  • Dec 22, 2009 11:40am Dec 22, 2009 11:40am
Quoting Vanhook2
What DX are you looking at? Or, did you mean to say ES?

damn this year is longer than it seems

let me correct statement new 3 month high ? is that ok lol .....

IT has been a LONG WEEK with little sleep.
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