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Cable Update (GBPUSD)

  • #189,621
  • Dec 28, 2009 4:02pm Dec 28, 2009 4:02pm
Quoting Baby-Trader
Price has been stopped @ 50% fib level from 1.61 to 1.5919
bt what you think about 2 dojis in h1 ?
  • #189,622
  • Dec 28, 2009 4:24pm Dec 28, 2009 4:24pm
All we can do is wait and see. I'm watching E/G for direction. (Look at weekly chart) I won't post my chart, hopefully everyone has their own.

I would expect a sudden flare to the upside on Cable, to cut out the watching shorts. And then a very savage down cut to get the price through 1.58 resistance. This is about the only currency people want to unload more than the dollar, so, why is the price above 1.60??? It wouldn't be here if the big boys wanted to buy it..
Ah Luv the smell of a good prediction in the mornin!
  • #189,623
  • Dec 28, 2009 4:35pm Dec 28, 2009 4:35pm
Quoting dil
bt what you think about 2 dojis in h1 ?
I think we may see 1.5960 during Asia session. .... just think.
  • #189,624
  • Dec 28, 2009 4:37pm Dec 28, 2009 4:37pm
Unplayable! 10 pip spread on Alpari.
This space intentionally left blank.
  • #189,625
  • Dec 28, 2009 4:40pm Dec 28, 2009 4:40pm
Dil,
Just to remember.
http://www.forexfactory.com/showthre...04#post3327004
  • #189,626
  • Dec 28, 2009 4:55pm Dec 28, 2009 4:55pm
Market is sleeping deeply.
  • #189,627
  • Dec 28, 2009 4:59pm Dec 28, 2009 4:59pm
Still no breach and hold over the 1440EMA (circled in red)on the 5m...Price failed to reach 500SMA on 15m, and with a little downwards momo, targeted range still seems reasonable (green shaded area).

Even with the retrace on the retrace, I still see higher highs over the next few days, but wouldn't get caught trying to catch falling knives.
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #189,628
  • Dec 28, 2009 5:08pm Dec 28, 2009 5:08pm

Trading Lessons Learned by the DailyFX Team in 2009

http://www.dailyfx.com/forex/analyst...ed_by_the.html

  • #189,629
  • Dec 28, 2009 5:11pm Dec 28, 2009 5:11pm
Quoting Magix
Still no breach and hold over the 1440EMA (circled in red)on the 5m...Price failed to reach 500SMA on 15m, and with a little downwards momo, targeted range still seems reasonable (green shaded area).

Even with the retrace on the retrace, I still see higher highs over the next few days, but wouldn't get caught trying to catch falling knives.
Very Well Explained Magix,

I am seeing a smilar pattern forming and I am in total agreement with higher highs..

Good Luck have a Prosperous New Year
Let Price determine your future!
  • #189,630
  • Dec 28, 2009 5:13pm Dec 28, 2009 5:13pm
long for GBPUSD @ 1.6004

any one coming with me?!
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #189,631
  • Dec 28, 2009 5:15pm Dec 28, 2009 5:15pm
Quoting negro wolf
long for GBPUSD @ 1.6004

any one coming with me?!
Short
  • #189,632
  • Dec 28, 2009 5:17pm Dec 28, 2009 5:17pm
Quoting negro wolf
long for GBPUSD @ 1.6004

any one coming with me?!
Not yet , may be later tonite, if it goes below 1.5940 or 60
  • #189,633
  • Dec 28, 2009 5:23pm Dec 28, 2009 5:23pm
Quoting Geppyg

Good Luck have a Prosperous New Year
Still in recovery from a Turkey binge, happily relaxing and enjoying the season.

All the best in your life and trading for the New Year as well G!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #189,634
  • Dec 28, 2009 5:27pm Dec 28, 2009 5:27pm
wheres malc i need his help , too bad hes are in private jet drinking crystal champagne :/
  • #189,635
  • Dec 28, 2009 5:28pm Dec 28, 2009 5:28pm
Quoting dil
Short
Why Dil ?
  • #189,636
  • Dec 28, 2009 5:32pm Dec 28, 2009 5:32pm
Quoting negro wolf
long for GBPUSD @ 1.6004

any one coming with me?!
My frined,

Tell me just one reason to go long on this condition ?
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #189,637
  • Dec 28, 2009 5:34pm Dec 28, 2009 5:34pm
Quoting Baby-Trader
Why Dil ?
Petar_terba told aleardy lol
  • #189,638
  • Dec 28, 2009 5:34pm Dec 28, 2009 5:34pm
Quoting Petar_Serbia
My frined,

Tell me just one reason to go long on this condition ?
Yep now we just hanging on the edge all my indicators tell me about down movement
  • #189,639
  • Dec 28, 2009 5:48pm Dec 28, 2009 5:48pm
Quoting dil
Yep now we just hanging on the edge all my indicators tell me about down movement
Yea but i want to trade GBPUSD , i dont have good Swing opotunity and also on my Pandoras Box system stil flat...

This is the picture >
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"Buy on fear, sell on greed !!!
  • #189,640
  • Dec 28, 2009 5:57pm Dec 28, 2009 5:57pm
Quoting Petar_Serbia
Yea but i want to trade GBPUSD , i dont have good Swing opotunity and also on my Pandoras Box system stil flat...

This is the picture >

We will up or down in 2hours ~
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