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Cable Update (GBPUSD)

  • #190,661
  • Jan 4, 2010 10:50pm Jan 4, 2010 10:50pm
Quoting Privet
Hi dil! How is your life?

Hi everything the same and yours ?
  • #190,662
  • Jan 4, 2010 10:51pm Jan 4, 2010 10:51pm
Quoting Ctic
On the 15M chart it is approching the 138.2 fib which are the 4H fibs. Thus since the candle just started it would be at least 1 to 2 hours of pure down movement.

That is how I intepret it anyways. I will plan on entering short once it hits that area.
We are a long way from support being broken on my 15m chart...I wouldn't be dropping a sell in here until I see reason....

As we are currently in the good graces of the daily, though not closed in support area, we are in the bullside movement on the 4hr. For everytime I see closing above the 24SMA on the 15m chart, I am long, and will go until I see time to exit.
Attached Image (click to enlarge)
Click to Enlarge Name: m15.GIF Size: 31 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #190,663
  • Jan 4, 2010 10:58pm Jan 4, 2010 10:58pm
Quoting dil
Hi everything the same and yours ?
O-uh... I missed good order and opened not luck. Now I'm sitting and waiting.

I see 1.623 is real testing
  • #190,664
  • Jan 4, 2010 10:59pm Jan 4, 2010 10:59pm
Waiting for London session open. :nerd:grin:P yesterday and today is staying at the same level 1.6135 ! May up may down between the red S/R line !
Attached Image (click to enlarge)
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #190,665
  • Jan 4, 2010 11:02pm Jan 4, 2010 11:02pm
Where we heading today guys?!
{Promotion Removed}
  • #190,666
  • Jan 4, 2010 11:04pm Jan 4, 2010 11:04pm
Quoting manize
Waiting for London session open. :nerd:grin:P yesterday and today is staying at the same level 1.6135 ! May up may down !
I can't believe you can trade with all those lines on there lol
  • #190,667
  • Jan 4, 2010 11:04pm Jan 4, 2010 11:04pm
Quoting Privet
O-uh... I missed good order and opened not luck. Now I'm sitting and waiting.

I see 1.623 is real testing
Nice weather outside huh ?
  • #190,668
  • Jan 4, 2010 11:06pm Jan 4, 2010 11:06pm
Bounce from Support 1 , again
Attached Image (click to enlarge)
Click to Enlarge Name: grafikelis6.gif Size: 26 KB
  • #190,669
  • Jan 4, 2010 11:07pm Jan 4, 2010 11:07pm
Quoting dil
Nice weather outside huh ?
Do you want to walk?
  • #190,670
  • Jan 4, 2010 11:09pm Jan 4, 2010 11:09pm
Quoting kasooi
I can't believe you can trade with all those lines on there lol
The trend is my friend, I may short or long surround 1.6135. Short surround 1.6196/1.6217 or long surround 1.6068/81 for +40 pips daily target.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #190,671
  • Jan 4, 2010 11:09pm Jan 4, 2010 11:09pm
Quoting Privet
Do you want to walk?
With u ? Sure
  • #190,672
  • Jan 4, 2010 11:12pm Jan 4, 2010 11:12pm
Quoting Magix
We are a long way from support being broken on my 15m chart...I wouldn't be dropping a sell in here until I see reason....

As we are currently in the good graces of the daily, though not closed in support area, we are in the bullside movement on the 4hr. For everytime I see closing above the 24SMA on the 15m chart, I am long, and will go until I see time to exit.
I got in for short @1.6150 set SL for BE
  • #190,673
  • Jan 4, 2010 11:12pm Jan 4, 2010 11:12pm
Quoting dil
With u ? Sure
We'll meet on the neutral area at 24-00
  • #190,674
  • Jan 4, 2010 11:17pm Jan 4, 2010 11:17pm
Quoting Ctic
I got in for short @1.6150 set SL for BE
Nicely done...

I am working on sticking to safety range plays...try to capitalize on 100% winning trades and hitting with larger lot sizes...

Call it a new years thing.

Currently holding the 200EMA on 1m chart...fail of this still shows support on the 15m chart. As the bull goes, when price is below the 24SMA on the 4h, I will take entry for the bears, for now, will play the range on the 4, which seems to be 200EMA top to 24SMA bottom.
Attached Image (click to enlarge)
Click to Enlarge Name: 1m.GIF Size: 33 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #190,675
  • Jan 4, 2010 11:22pm Jan 4, 2010 11:22pm
Quoting Magix
Nicely done...

I am working on sticking to safety range plays...try to capitalize on 100% winning trades and hitting with larger lot sizes...

Call it a new years thing.

Currently holding the 200EMA on 1m chart...fail of this still shows support on the 15m chart. As the bull goes, when price is below the 24SMA on the 4h, I will take entry for the bears, for now, will play the range on the 4, which seems to be 200EMA top to 24SMA bottom.
I closed trade +8 pips but will get ready to get back in it for short probably around the 30 minute mark.
  • #190,676
  • Jan 4, 2010 11:26pm Jan 4, 2010 11:26pm
Quoting Ctic
I closed trade +8 pips but will get ready to get back in it for short probably around the 30 minute mark.
Here are the support ranges I am watching on for long side chart.
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #190,677
  • Jan 4, 2010 11:33pm Jan 4, 2010 11:33pm
Quoting Magix
Here are the support ranges I am watching on for long side chart.
Yours are right on the money. That is about the areas where my fib lines are. I think the next hour may be the turn around hour. Time will tell.
  • #190,678
  • Jan 4, 2010 11:33pm Jan 4, 2010 11:33pm
still hold long position nw alredi 40+pips target mpp
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  • #190,679
  • Jan 4, 2010 11:41pm Jan 4, 2010 11:41pm
many people watching this thread ... happy pip'n to all
  • #190,680
  • Jan 4, 2010 11:46pm Jan 4, 2010 11:46pm
Quoting hnosair
many people watching this thread ... happy pip'n to all
GBPUSD seems sexy to a lot of traders lately...
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