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Cable Update (GBPUSD)

  • #189,761
  • Dec 29, 2009 7:50am Dec 29, 2009 7:50am
Quoting sswilli99
I was stopped out at 1.6050 for the record. -36 pips

I have one more short left in me as price action has turned around, and looking at most all of the gbp pairs they are setting up for a big fall imo.

Sell 1.6054 sl: 1.6084

Shawn

Still holding short stoploss moved to BE +1, I dont expect to see above 1.6078 before a new low
  • #189,762
  • Dec 29, 2009 7:56am Dec 29, 2009 7:56am
and fendi tht trend would be bullish or bearish
  • #189,763
  • Dec 29, 2009 7:56am Dec 29, 2009 7:56am
Anyone who dares this trend would cry
  • #189,764
  • Dec 29, 2009 8:00am Dec 29, 2009 8:00am
Quoting fendi
Anyone who dares this trend would cry
so you are bearish or bullish?
  • #189,765
  • Dec 29, 2009 8:02am Dec 29, 2009 8:02am
Quoting GlobalMacro
Hi Geppyg,

nice to have you aboard bro
looks pretty good for longs...


Trade Well!
GM I am onboard this train too brother. No love for me?
Good luck!
Thank You
  • #189,766
  • Dec 29, 2009 8:13am Dec 29, 2009 8:13am
gu i am sidelined right now

in 3 trading days she has managed to rise a massive 100 pip

Just a word of caution to those buying look at your 4 hour overnight was a pretty strong sign of sellers , although right now on a 15 min chart we have buyers off 5090 zone.

GU ATR21 on daily prior to xmas break was 180 pip per day...

just putting thing in perspective.

I would love for gu to form handle on that inverted cup and handle on daily but just seems really reluctant to do that.

I am out till jan 4th , good luck all

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  • #189,767
  • Dec 29, 2009 8:27am Dec 29, 2009 8:27am
The spring is wound tightly (ema compression).
I'm awaiting the news (Consumer Confidence
@ 15 GMT) for (separation) and direction.

Dr. D.
Attached Image
  • #189,768
  • Dec 29, 2009 8:28am Dec 29, 2009 8:28am
Ya really can never trust this pair. Though playing much the way I had expected, using the same resistance and support lines, I figured we would see down before up..instead, we went up before down.

Resistance on the hourly and the 4h at the 200EMA and 55EMA respectively, and support has held on the hourly and the 4hr at the 24SMA.

We currently sit just above support on the hour, and just below support on the 15m and 30m charts.

A break of the hourly means we retest the 4hr support again, a break above 15m and 30m resistance means we look at the continuation of a long side chart.

Support in green, resistance in red.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #189,769
  • Dec 29, 2009 8:39am Dec 29, 2009 8:39am
Familliar Pattern
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  • #189,770
  • Dec 29, 2009 8:45am Dec 29, 2009 8:45am
can some one plz explain y gold came down so quick.
  • #189,771
  • Dec 29, 2009 9:08am Dec 29, 2009 9:08am
what does one make out of this us data. so wierd.
  • #189,772
  • Dec 29, 2009 9:09am Dec 29, 2009 9:09am
explain for gold :
http://www.bloomberg.com/apps/news?p...d=aZ89oIgwDS7I

Quoting Nomi1
can some one plz explain y gold came down so quick.
  • #189,773
  • Dec 29, 2009 9:18am Dec 29, 2009 9:18am
Quoting wormboy
GM I am onboard this train too brother. No love for me?
Good luck!
LOL...

hey WB...how's it going bro..

definitely nice to have you aboard too...speaking of love....where did I put those song lyrics...lol....

you take care now...and...

don't party too much...aiiit...
Hear the music before the song is over ...
  • #189,774
  • Dec 29, 2009 9:44am Dec 29, 2009 9:44am
May soon to test the 24sma (red = 1.5974).

Dr. D.
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  • #189,775
  • Dec 29, 2009 9:45am Dec 29, 2009 9:45am
Your SL has been hit.

Quoting Geppyg
I have now loaded up at daily pivot and all stops to all trades on break even..

Why have I gone long ?
I am trading of the DP ie which I consider to be very good support got a beautiful bounce off there as expected..also we have a nice bullish engulfing candle on 15 mins...
Also swing high been achieved mid swing low has been achieved..hence now we should practically range between both of these.

Objective for these trades are 50 pips as a minimum..

All entries have to be taken at extreme figs ie major support and resistance other wise trades...
  • #189,776
  • Dec 29, 2009 9:47am Dec 29, 2009 9:47am
Quoting Jemmy
that is 69 pattern..what is the meaning?
I think you knew the meaning now
  • #189,777
  • Dec 29, 2009 9:50am Dec 29, 2009 9:50am
Failure to close above resistance on the 15m and 30m charts has brought us back to support on the 4hr. Close on the 4hr below this 24SMA, and we are looking to dig a new basement.

Of course, with the way we have been playing, this might just mean we attack bottom and keep in channel until regular trading begins next year.

Another reason why I am watching this week, but sitting on the sidelines with my plays.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #189,778
  • Dec 29, 2009 9:51am Dec 29, 2009 9:51am
remember this.

Quoting Baby-Trader
our bottom today from 1.5948 to 1.5964
  • #189,779
  • Dec 29, 2009 9:51am Dec 29, 2009 9:51am
Entered on the cross of the 5m 24sma (red) @ 1.6006,
w/ a trailing stop now clearly (20 pips) in the green.

Dr. D.
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  • #189,780
  • Dec 29, 2009 9:54am Dec 29, 2009 9:54am
Quoting fourxtrader
Entered on the cross of the 5m 24sma (red) @ 1.6006,
w/ a trailing stop now clearly (20 pips) in the green.

Dr. D.
Nicely done!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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