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Cable Update (GBPUSD)

  • #191,461
  • Jan 8, 2010 2:08am Jan 8, 2010 2:08am
Quoting WedWed
short
gbp/usd 1.5997- 1.6011

TP 200
Never sell @ lower upward channel unless breacked and vise versa .
  • #191,462
  • Jan 8, 2010 2:09am Jan 8, 2010 2:09am
Quoting Ctic
I jsut entered short at 1.59825, lets see what happens.
My reason for entered short coz on M30 zigzag chart the price are at the top below the diagonal lines and also the Daily candle has reach 38,2 %

maybe i'm wrong, but at least i've put my SL properly

How about you mate ? why did u take the short...
Guide me please
  • #191,463
  • Jan 8, 2010 2:09am Jan 8, 2010 2:09am
everyone, Don't forget london sell off.
  • #191,464
  • Jan 8, 2010 2:12am Jan 8, 2010 2:12am
I'm selling because we are near Demark High which is 1.5994 (Maybe top for today). and 50% fibo @ 1.5984
  • #191,465
  • Jan 8, 2010 2:14am Jan 8, 2010 2:14am
Quoting WedWed
good.
Thx mate

so am i took the rite price ?
i've been learning all technical from here and i'm still not sure yet with my technical skill..

still learning from u guys.and thx
Guide me please
  • #191,466
  • Jan 8, 2010 2:14am Jan 8, 2010 2:14am
Quoting adie1976
My reason for entered short coz on M30 zigzag chart the price are at the top below the diagonal lines and also the Daily candle has reach 38,2 %

maybe i'm wrong, but at least i've put my SL properly

How about you mate ? why did u take the short...
I hit the 161.8 fib on the 4H candle and there is still 2 hours left of that candle. Can go up to the 261.8 fib but ususally doesn't. Typically this is a safe play. In addition, this has been trending down so I beleive we are safe. Time will tell.
  • #191,467
  • Jan 8, 2010 2:14am Jan 8, 2010 2:14am
Quoting Play7
PRIVET, ride Alternative scenario:The upside penetration of 1.6 will call for 1.605 & 1.6095.
yes, penetration of 1.6 first
Don't tell me how much you can earn. Tell me how much you may lose..
  • #191,468
  • Jan 8, 2010 2:16am Jan 8, 2010 2:16am
Quoting FXFundi
Hi BB, hope u had a good one. Lets catch lots of pips this year. I agree with you. My 1st trade of the year - I entered long at 1.5938 SL 1.5870 TP1= 1.6006 TP2= 1.6074 and TP3=1.6142 (When 1st TP hit I move my SL to entry etc) Go the pound!
Hey FXF good to hear mate. Lets see green on your first of the bat for 2010 mate.

Good luck mate.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #191,469
  • Jan 8, 2010 2:18am Jan 8, 2010 2:18am
Quoting Baby-Trader
I'm selling because we are near Demark High which is 1.5994 (Maybe top for today). and 50% fibo @ 1.5984
Same with me mate

but my fibo shows 50% = 5976 and urs is 5984
ur fibo more accurate than i have one

is it customize ?
Guide me please
  • #191,470
  • Jan 8, 2010 2:18am Jan 8, 2010 2:18am
Quoting Play7
PRIVET, ride Alternative scenario:The upside penetration of 1.6 will call for 1.605 & 1.6095.
I assume that goal 1.5706 price will be test. I think GBP remains under pressure and Bank of England raised rates.

Now - UP. I agree
  • #191,471
  • Jan 8, 2010 2:20am Jan 8, 2010 2:20am
Quoting Ctic
I hit the 161.8 fib on the 4H candle and there is still 2 hours left of that candle. Can go up to the 261.8 fib but ususally doesn't. Typically this is a safe play. In addition, this has been trending down so I beleive we are safe. Time will tell.
Thx Ctic. this is new to me
Regarding to ur Explanation, i'll move my sL to be after +15 pips, is that okay ?
Guide me please
  • #191,472
  • Jan 8, 2010 2:20am Jan 8, 2010 2:20am
see how 1H breaks DP
  • #191,473
  • Jan 8, 2010 2:22am Jan 8, 2010 2:22am
i'm long since 5935 and it's bullish until we test around 5950 again
  • #191,474
  • Jan 8, 2010 2:24am Jan 8, 2010 2:24am
Quoting adie1976
Thx Ctic. this is new to me
Regarding to ur Explanation, i'll move my sL to be after +15 pips, is that okay ?
I beleive that should be ok.
  • #191,475
  • Jan 8, 2010 2:25am Jan 8, 2010 2:25am
Quoting iqyusan
see how 1H breaks DP
Yes, but wrong time of day to trust a breakout, IMO
  • #191,476
  • Jan 8, 2010 2:25am Jan 8, 2010 2:25am
Currently up about 80 pips in my GBP/USD Short @ 1.6056 from January 5th. Daily market sentiment is still bearish. Right now it looks as if we are seeing the retrace back into yesterdays bearish move. I’d like to see price test the Daily swing low @ 1.5830 today. Remember the NFP numbers are set to release later today during the US Session – please be cautious trading today. I have also moved my Stop Loss to break even, so from here on out it is Risk Free. With that being said here are 2 charts, the daily chart and the 4h chart. On the 4h chart I have added the Intraday Fib for the retracement happening now.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd-daily.jpg Size: 117 KB
Click to Enlarge Name: gbpusd-4h.jpg Size: 111 KB
  • #191,477
  • Jan 8, 2010 2:27am Jan 8, 2010 2:27am
Quoting sswilli99
Yes, but wrong time of day to trust a breakout, IMO
.... just with tight SL and right MM
  • #191,478
  • Jan 8, 2010 2:27am Jan 8, 2010 2:27am
Quoting sswilli99
Yes, but wrong time of day to trust a breakout, IMO

Yes,
You got it.
This time of the day is to formings tops before london session starts.

Did anyone notice the time of the top forming everyday?
  • #191,479
  • Jan 8, 2010 2:29am Jan 8, 2010 2:29am
Quoting Baby-Trader
Yes,
You got it.
This time of the day is to formings tops before london session starts.

Did anyone notice the time of the top forming everyday?

Yep just like clock work
  • #191,480
  • Jan 8, 2010 2:29am Jan 8, 2010 2:29am
Quoting adie1976
Same with me mate

but my fibo shows 50% = 5976 and urs is 5984
ur fibo more accurate than i have one

is it customize ?
Hope it play. Good luck.
I use default fibo levels in MT4
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