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Cable Update (GBPUSD)

  • #190,501
  • Jan 4, 2010 3:43am Jan 4, 2010 3:43am
just went short
sl 50
tp 1.6009
  • #190,502
  • Jan 4, 2010 3:45am Jan 4, 2010 3:45am
Quoting trabagwe
just went short
Same, it hit my 23.6 level of the fib fan off decembers top trendline.

Will wait and see what happens next
  • #190,503
  • Jan 4, 2010 3:58am Jan 4, 2010 3:58am
NICE EU MOVE
Attached Image (click to enlarge)
Click to Enlarge Name: vot_tak5.gif Size: 24 KB
  • #190,504
  • Jan 4, 2010 3:59am Jan 4, 2010 3:59am
It's making another attempt at the multiple resistance levels at 1.6193-1.62 next resistance at 1.6235-1.6245
  • #190,505
  • Jan 4, 2010 4:06am Jan 4, 2010 4:06am
Out with a fast +120pips. Good enough for today.
  • #190,506
  • Jan 4, 2010 4:12am Jan 4, 2010 4:12am
PATIENCE & DISCIPLINE my friend
  • #190,507
  • Jan 4, 2010 4:32am Jan 4, 2010 4:32am
Thanks again Ctic, my 2nd order took 109 pips @ closed 1.6225. Really got good advice and experience here. A good start for 2010, and hopes it will continue throughout the year
  • #190,508
  • Jan 4, 2010 4:58am Jan 4, 2010 4:58am
Quoting jeremykhc
Thanks again Ctic, my 2nd order took 109 pips @ closed 1.6225. Really got good advice and experience here. A good start for 2010, and hopes it will continue throughout the year
Timeframe H4 after break 1.62307 up to goals 1.66353, 1.66365, 1.65997.
(indicator show it)
  • #190,509
  • Jan 4, 2010 5:07am Jan 4, 2010 5:07am
Quoting jeremykhc
Thanks again Ctic, my 2nd order took 109 pips @ closed 1.6225. Really got good advice and experience here. A good start for 2010, and hopes it will continue throughout the year
No problem and good job on the trade. I do think it may continue going up during the day but not sure yet, I haven't received confirmation from the charts yet. We shall see after it is done with this little pullback. Compression charts starting to compress again so we shall see what fib it lands on when it is done. As for me, closed all trades +172 for the day. Time for bed.. Till the next session.
  • #190,510
  • Jan 4, 2010 5:23am Jan 4, 2010 5:23am
Quoting Privet
Timeframe H4 after break 1.62307 up to goals 1.66353, 1.66365, 1.65997.
(indicator show it)
1.6230.... actually I was looking going Long at 1.6249. Maybe I could place 1st order at 1.6235 and 2nd order at 1.6254.

6230 very soon coming....
  • #190,511
  • Jan 4, 2010 5:27am Jan 4, 2010 5:27am
Quoting Ctic
No problem and good job on the trade. I do think it may continue going up during the day but not sure yet, I haven't received confirmation from the charts yet. We shall see after it is done with this little pullback. Compression charts starting to compress again so we shall see what fib it lands on when it is done. As for me, closed all trades +172 for the day. Time for bed.. Till the next session.
Congratulations, and will study how you all decide it...
  • #190,512
  • Jan 4, 2010 5:40am Jan 4, 2010 5:40am
Quoting jeremykhc
1.6230.... actually I was looking going Long at 1.6249. Maybe I could place 1st order at 1.6235 and 2nd order at 1.6254.

6230 very soon coming....
Look: D1 is UP! When ZigZag will close on D1, we'll be see following path.
Yes?
  • #190,513
  • Jan 4, 2010 5:55am Jan 4, 2010 5:55am
Is anybody start thinking on going short??
US news coming up in 3 hours...
Jacko's turtle
  • #190,514
  • Jan 4, 2010 6:02am Jan 4, 2010 6:02am
Quoting zumzum
Is anybody start thinking on going short??
US news coming up in 3 hours...
Not at the moment. It may go down, but the charts have not confirmed it yet. We are entering a sideways market and may be in it for a little bit. The hour candle 2 hours ago formed a master candle and we are forming inside candles. Also, We are just below the 50 fib for both the monthly and quarterly candles, may continue up to them. Also We are hanging out on the 100 fib for the weekly and daily and 4H candles. Can easily continue up to the 138.2 or 161.8 fibs which would put it at the 50 fib on the monthly candles.

I am not saying that it won't go down because I do believe we are in a longer tf downtrend but wait for confirmation. Anticipation is the mother of all f'ups.
  • #190,515
  • Jan 4, 2010 6:02am Jan 4, 2010 6:02am
Quoting Ctic
No problem and good job on the trade. I do think it may continue going up during the day but not sure yet, I haven't received confirmation from the charts yet. We shall see after it is done with this little pullback. Compression charts starting to compress again so we shall see what fib it lands on when it is done. As for me, closed all trades +172 for the day. Time for bed.. Till the next session.
Well Done!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #190,516
  • Jan 4, 2010 6:03am Jan 4, 2010 6:03am
Can anyone tell where to get HSBC Currency Weekly, for free and without being a client?

Best
  • #190,517
  • Jan 4, 2010 6:05am Jan 4, 2010 6:05am
Quoting Mr. Krebs
Can anyone tell where to get HSBC Currency Weekly, for free and without being a client?

Best
From my mother, she works for HSBC. lol. Other than that I am sorry I do not know.
  • #190,518
  • Jan 4, 2010 6:06am Jan 4, 2010 6:06am
Quoting Yngwie
Well Done!
Thanks Yngwie,

As I said, the fibs do not lie..
  • #190,519
  • Jan 4, 2010 6:07am Jan 4, 2010 6:07am
Can some one give me the open price for cable
  • #190,520
  • Jan 4, 2010 6:09am Jan 4, 2010 6:09am
Quoting Ctic
Not at the moment. It may go down, but the charts have not confirmed it yet. We are entering a sideways market and may be in it for a little bit. The hour candle 2 hours ago formed a master candle and we are forming inside candles. Also, We are just below the 50 fib for both the monthly and quarterly candles, may continue up to them. Also We are hanging out on the 100 fib for the weekly and daily and 4H candles. Can easily continue up to the 138.2 or 161.8 fibs which would put it at the 50 fib on the monthly candles.

I am not saying that it won't...

Can you post chart so we can see what your seeing..

Thanks
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