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Cable Update (GBPUSD)

  • #190,461
  • Jan 3, 2010 9:52pm Jan 3, 2010 9:52pm
My chart gives me long on Gu
  • #190,462
  • Jan 3, 2010 9:52pm Jan 3, 2010 9:52pm
Quoting TerpFan2
Way to go Yngwie,

I see H&S on a three hr, four hr. to the downside.
I see 1.6070's gotta break, followed by 1.6048 "ish",
then 1.6000's... If she play's out deeper.
-We'll see

EurO looks to Fall off the virtual CLIFF!
-Esp. as it's building a downward lean on the monthly
bigger, charts.

Catch'in a bit of shut eye before london,
Asta, again Great Job,
Terrapin Pipper,

Jeff

May wish came true~!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #190,463
  • Jan 3, 2010 10:26pm Jan 3, 2010 10:26pm
I see there is still a gap open around 1.6159 - 1.6148, do you see the same thing?

How will this gap turns out ?
  • #190,464
  • Jan 3, 2010 10:31pm Jan 3, 2010 10:31pm
Quoting Fng
I see there is still a gap open around 1.6159 - 1.6148, do you see the same thing?

How will this gap turns out ?
I have GAP as well. But that's because my broker open at a later time. Another broker open about 2 hours earlier however it doesn't provide any chart so I can't confirm about that.
  • #190,465
  • Jan 3, 2010 11:19pm Jan 3, 2010 11:19pm
Quoting Fng
I see there is still a gap open around 1.6159 - 1.6148, do you see the same thing?

How will this gap turns out ?
If you don't want to see gap, just look at OANDA broker chart
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #190,466
  • Jan 3, 2010 11:23pm Jan 3, 2010 11:23pm
Quoting c2v4l
I have GAP as well. But that's because my broker open at a later time. Another broker open about 2 hours earlier however it doesn't provide any chart so I can't confirm about that.
Just entered long @ 1.60652
  • #190,467
  • Jan 3, 2010 11:33pm Jan 3, 2010 11:33pm
Quoting Ctic
Just entered long @ 1.60652
  • #190,468
  • Jan 3, 2010 11:33pm Jan 3, 2010 11:33pm
Quoting Ctic
Just entered long @ 1.60652
For safe, If u really want to buy, why u don't try to buy at 6048 with small SL? Just my suggestion lol!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #190,469
  • Jan 3, 2010 11:38pm Jan 3, 2010 11:38pm
Quoting Yngwie
For safe, If u really want to buy, why u don't try to buy at 6048 with small SL? Just my suggestion lol!
I went to your blog. YOu mentioned that you trade naked. Do you really don't use anything? Even fibo? Or candlestick pattern?

Oh. And nice trade btw.
  • #190,470
  • Jan 3, 2010 11:39pm Jan 3, 2010 11:39pm
For info, mine opens at 1.6109.
  • #190,471
  • Jan 3, 2010 11:42pm Jan 3, 2010 11:42pm
Quoting Yngwie
For safe, If u really want to buy, why u don't try to buy at 6048 with small SL? Just my suggestion lol!
I think first time down. May be befor 1.59. And after up.
How do you think?
  • #190,472
  • Jan 3, 2010 11:47pm Jan 3, 2010 11:47pm
Quoting proz
What were you saying? You must be a newbie and don't know how to trade MA's or fib lines huh...
  • #190,473
  • Jan 3, 2010 11:54pm Jan 3, 2010 11:54pm
Lol. You must be high. You were replying to yourself!
  • #190,474
  • Jan 3, 2010 11:54pm Jan 3, 2010 11:54pm
Quoting Ctic
What were you saying? You must be a newbie and don't know how to trade MA's or fib lines huh...
Good bounce spot, closed out 1.61052, +40 pips. not bad for 30 minutes of work. waiting for confirmation for continued up movement
  • #190,475
  • Jan 4, 2010 12:00am Jan 4, 2010 12:00am
Quoting Yngwie
For safe, If u really want to buy, why u don't try to buy at 6048 with small SL? Just my suggestion lol!
Yngwie,

I was at the 138.2 fib line for the 4 hour fibs. That is an excellent turn around spot. I do see this going up for a bit longer but if you noticed I did close out with a quick 40 pips. The big red hour candle is now green. Fibs do not lie...
  • #190,476
  • Jan 4, 2010 12:02am Jan 4, 2010 12:02am
hey guys,
can anyone give a hand? where can i get the software or what ever you call it that automatically calculate the pivot, support and resistance lines? i have mine but for some reason i doesn't work anymore.
it cuts the hassle of manually calculating it. thanks in advance.
  • #190,477
  • Jan 4, 2010 12:03am Jan 4, 2010 12:03am
Quoting Ctic
Yngwie,

I was at the 138.2 fib line for the 4 hour fibs. That is an excellent turn around spot. I do see this going up for a bit longer but if you noticed I did close out with a quick 40 pips. The big red hour candle is now green. Fibs do not lie...
plus, not sure what fibs your using, but I am using a fib fan from 7 days ago and it has hit and reversed off 3 of the levels today already, each reversing for about 15-30 pips each time.
Not bad for quick pips.
  • #190,478
  • Jan 4, 2010 12:05am Jan 4, 2010 12:05am
Quoting proz
proz how are your trades doing? I will give you some advice. Before you start laughing at a professional trader why don't you learn how to trade. In the meantime, why don't you take my advice?
  • #190,479
  • Jan 4, 2010 12:06am Jan 4, 2010 12:06am
After waiting from morning(I'm from Asia), finally I close my long position at 1.6130. Gonna wait for US session next.
  • #190,480
  • Jan 4, 2010 12:07am Jan 4, 2010 12:07am
Quoting kasooi
plus, not sure what fibs your using, but I am using a fib fan from 7 days ago and it has hit and reversed off 3 of the levels today already, each reversing for about 15-30 pips each time.
Not bad for quick pips.

Just scalped another 21 pips going long.
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