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Cable Update (GBPUSD)

  • #191,501
  • Jan 8, 2010 2:50am Jan 8, 2010 2:50am
Quoting Baby-Trader
Hi Kill,
You changed your bias from yesterday,
I made 80 pip in the long trade I entered yesterday.
do you remember?
i did not was long till this morning
  • #191,502
  • Jan 8, 2010 2:51am Jan 8, 2010 2:51am
Quoting dil
lol wtf wrong with u guys
What is a trap?
  • #191,503
  • Jan 8, 2010 2:52am Jan 8, 2010 2:52am
Quoting WedWed
short
gbp/usd 1.5997- 1.6011

6011 ... go
Never sell @ lower upward channel unless breacked and vise versa .
  • #191,504
  • Jan 8, 2010 2:52am Jan 8, 2010 2:52am
Quoting sswilli99
Take a look at this chart. The blue X's on top are stopping volume and have picked the tops of this down move pretty good. Just gave another one. Will look for one more spike up to enter short.
What is that volume indicator and where can i find it?

Thanks!
Just focus on the pips. The rest is insignificant.
  • #191,505
  • Jan 8, 2010 2:52am Jan 8, 2010 2:52am
CAble has touched daily R1..

next station R2 or back to pivot?
Patience + Discipline =
  • #191,506
  • Jan 8, 2010 2:53am Jan 8, 2010 2:53am
Quoting Mathias83
moving sl @ 5955
moving sl @ 5975
  • #191,507
  • Jan 8, 2010 2:53am Jan 8, 2010 2:53am
This is from FX360



Resistance 3-1.6374 50% of XA on the Daily Chart
Resistance 2-1.6216 38.2% of XA on the Daily Chart
Resistance 1-Top of channelSee 8hr Chart
Current Price 1.5932
Support 1-1.5957 78.6% of AB on the Daily Chart
Support 2-1.5706 100% of AB on the Daily Chart
Support 3-Bottom of channelSee 8hr Chart

  1. http://gftnet.gftforex.com/images/co...ll_g1-1710.JPGhttp://www.fx360.com/images/enlarge.pngSource: DealBook360
  2. http://gftnet.gftforex.com/images/co...ll_g2-1710.JPGhttp://www.fx360.com/images/enlarge.pngSource: DealBook360

  1. Daily Chart - Will support at 1.5957 (78.6% of AB) continue to hold?
  2. 8hr Chart - Bearish channel.

  • #191,508
  • Jan 8, 2010 2:53am Jan 8, 2010 2:53am
Quoting Liquid
What is a trap?
In my view It's bull trap
  • #191,509
  • Jan 8, 2010 2:55am Jan 8, 2010 2:55am
Quoting Baby-Trader
wow, Speak arabic?

yes bro i am palstinian in jordan
  • #191,510
  • Jan 8, 2010 2:58am Jan 8, 2010 2:58am
Quoting kill56
yes bro i am palstinian in jordan
Nice to know you bro.
  • #191,511
  • Jan 8, 2010 3:02am Jan 8, 2010 3:02am
The move up is sustained by high vol and crushed 1.6000 resistance
I won't dare shorting now...i'll wait 1.6050 and see how it goes there
COT: The precious data ignored
  • #191,512
  • Jan 8, 2010 3:02am Jan 8, 2010 3:02am
news UK 30mints
Attached Image (click to enlarge)
Click to Enlarge Name: h1cable.gif Size: 18 KB
  • #191,513
  • Jan 8, 2010 3:02am Jan 8, 2010 3:02am
Quoting Mathias83
moving sl @ 5975
moving sl @ 5985
  • #191,514
  • Jan 8, 2010 3:06am Jan 8, 2010 3:06am
Quoting Baby-Trader
here is my fibo
My 76.4 fib is at 6020 which has already been hit.There is no telling where we are headed today.
  • #191,515
  • Jan 8, 2010 3:07am Jan 8, 2010 3:07am
  •  melba
  • | Joined Nov 2009 | Status: ...just surfing the wave... | 97 Posts
Quoting kuroro001
The move up is sustained by high vol and crushed 1.6000 resistance
I won't dare shorting now...i'll wait 1.6050 and see how it goes there
....just opened my screens ...maybe that's what's pushing it ...?..
Bank set to close the £200 bn printing press

Bank’s MPC likely to suspend QE in February, reports The Independent.
There seems to be a growing feeling that the Old Lady is just about done with quantitative easing and this is giving sterling a lift. EUR/GBP is down at .8950 from early .8975, while cable is edging toward 1.6000.
  • #191,516
  • Jan 8, 2010 3:08am Jan 8, 2010 3:08am
baby try this indi on a demo
Attached File(s)
File Type: ex4 forexsignalszulutrade.ex4   9 KB | 295 downloads
  • #191,517
  • Jan 8, 2010 3:08am Jan 8, 2010 3:08am
Quoting Baby-Trader
In my view It's bull trap
If we have position opened, our view will not fair because that position dictate our brain..

if we have short then we say bull trap..

if we have long then we say nice bull attack..

maybe i am wrong..
Patience + Discipline =
  • #191,518
  • Jan 8, 2010 3:09am Jan 8, 2010 3:09am
Quoting melba
....just opened my screens ...maybe that's what's pushing it ...?..
Bank set to close the £200 bn printing press

Bank’s MPC likely to suspend QE in February, reports The Independent.
There seems to be a growing feeling that the Old Lady is just about done with quantitative easing...
thanks for the info!
  • #191,519
  • Jan 8, 2010 3:10am Jan 8, 2010 3:10am
Quoting FXTheOne
Double bottom formed at 5m and 15m. Neckline was broken so we might expect a bounce back from here. I entered long at 1.5918, TP 1.6000 SL 1.5880
This's what i'm waiting for. Move SL to 1.5980. Today's great. And hope you guys the same...
  • #191,520
  • Jan 8, 2010 3:13am Jan 8, 2010 3:13am
Quoting Baby-Trader
In my view It's bull trap
Every retrace is just a bull trap 6020 it's touching resistance here. But buy pressure seems strong
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