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Cable Update (GBPUSD)

  • #191,541
  • Jan 8, 2010 3:36am Jan 8, 2010 3:36am
Quoting big_pipin
I dont think any bull move will last long. I say 6052, if even that much.
On what basis?
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #191,542
  • Jan 8, 2010 3:38am Jan 8, 2010 3:38am
before any movements higher happen, i believe that we will retest 6000 again. my point&figure charts shows too long columns to go on directly to 6100 - we kinda need a short reversal if the trend is strong (but with my long position, i wouldnt mind if we dont reverse right now )
  • #191,543
  • Jan 8, 2010 3:39am Jan 8, 2010 3:39am
Hi guys,

My first post here in 2010, so not too late to wish you a happy new year HLM
(health, love and money).

I haven't been posting for some time coz I had long and nice holidays....and I see now just newbies and don't know any of them....all old posters seem to be gone elsewhere....maybe because of newbies........personnaly I have nothing against newbies....if they follow some rules.....forums are made to exchange ideas and opinions not to celebrate a lucky trade....or telling you moved your SL (biggest mistake in trading...)

And if you take a trade post a chart where you explain the reasons of your trade....if not this thread will just be B***S***T

Thanks for helping to maintain a certain level of quality for this thread as it was in the past.....with real good traders posting on a regular basis so we can all learn from these experimented and successfull traders

I hope to be understood, if not I'll do like others and will post somwhere else

Thanks again for your help
Non licet omnibus adire Corinthum
  • #191,544
  • Jan 8, 2010 3:42am Jan 8, 2010 3:42am
Quoting Bull_Bear
On what basis?
6065 = previous highs and also 50% fib retracement on 4h chart. That would be the ideal place to short....if it goes there....
Never Ever Give Up!
  • #191,545
  • Jan 8, 2010 3:42am Jan 8, 2010 3:42am
Quoting Bull_Bear
On what basis?

on the basis that we're in a sharp down trend on the 4hr. Even if price does break my predicted resistance point, I'm a bear in this market. GU is bullish on the daily, but if it was going to bounce and go higher, it failed to do so when it went from 5840 to 6240, then crashed back down near the bottom again (yesterday at 1/7/10)
Attached Image (click to enlarge)
Click to Enlarge Name: gu_downtrend.jpg Size: 265 KB
  • #191,546
  • Jan 8, 2010 3:47am Jan 8, 2010 3:47am
I think is a perfect place for a short.
GU went up 100 pips in 2 hours with no particular reason and exhausted bull power: price is floating at 6025, even after the news. To me means no strenght for bulls...
So: I'm short targeting 583. About 200 pips.
Jacko's turtle
  • #191,547
  • Jan 8, 2010 3:47am Jan 8, 2010 3:47am
6030..we are now in the top of 6 and 7 Jan heads..

how about short from here? any ideas?

Attached Image
Patience + Discipline =
  • #191,548
  • Jan 8, 2010 3:47am Jan 8, 2010 3:47am
Quoting Cobra
6065 = previous highs and also 50% fib retracement on 4h chart. That would be the ideal place to short....if it goes there....
It could be short for "a retracement" coz 6000-6030 could be a support for this "long"
  • #191,549
  • Jan 8, 2010 3:49am Jan 8, 2010 3:49am
Quoting Jemmy
6030..we are now in the top of 6 and 7 Jan heads..

how about short from here? any ideas?

Attachment
looks 4H volume and how it breaks DP ....IMO
  • #191,550
  • Jan 8, 2010 3:49am Jan 8, 2010 3:49am
1.615
1.6095
1.605
1.6005 последняя цена
1.5925
1.5885
1.583

http://www.tradingcentral.com/chart/...0108095247.gif
  • #191,551
  • Jan 8, 2010 3:49am Jan 8, 2010 3:49am
Quoting iqyusan
It could be short for "a retracement" coz 6000-6030 could be a support for this "long"
Yes only for a retracement....
Never Ever Give Up!
  • #191,552
  • Jan 8, 2010 3:51am Jan 8, 2010 3:51am
Quoting big_pipin
on the basis that we're in a sharp down trend on the 4hr. Even if price does break my predicted resistance point, I'm a bear in this market. GU is bullish on the daily, but if it was going to bounce and go higher, it failed to do so when it went from 5840 to 6240, then crashed back down near the bottom again (yesterday at 1/7/10)

you might want to look at the charts again

Yesterday:
1. http://www.forexfactory.com/showpost...postcount=4218

Below is today. Just a thought.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: guh4.JPG Size: 57 KB
Click to Enlarge Name: guh1.JPG Size: 62 KB
Thank You
  • #191,553
  • Jan 8, 2010 3:54am Jan 8, 2010 3:54am
Quoting Cobra
Yes only for a retracement....
.... long trend's just begun ....(IMO)
  • #191,554
  • Jan 8, 2010 3:59am Jan 8, 2010 3:59am
Quoting zumzum
I think is a perfect place for a short.
GU went up 100 pips in 2 hours with no particular reason and exhausted bull power: price is floating at 6025, even after the news. To me means no strenght for bulls...
So: I'm short targeting 583. About 200 pips.
plan your trade and trade your plan. becarefull buddy...however your position, use good MM ....
  • #191,555
  • Jan 8, 2010 4:00am Jan 8, 2010 4:00am
and so...where is the PPI ???
I will be the number one Manager.
  • #191,556
  • Jan 8, 2010 4:00am Jan 8, 2010 4:00am
Quoting big_pipin
on the basis that we're in a sharp down trend on the 4hr. Even if price does break my predicted resistance point, I'm a bear in this market. GU is bullish on the daily, but if it was going to bounce and go higher, it failed to do so when it went from 5840 to 6240, then crashed back down near the bottom again (yesterday at 1/7/10)
Good post, help others by posting claims backed up by charts is the perfect way to improve the quality of posts on this FF. There are so many blurts i thought yours was one of those too.

Having said that the 50% fib is on a minor road block 1.6150 / 1.6200 is where I'm looking at.
Attached Image (click to enlarge)
Click to Enlarge Name: Cable.JPG Size: 123 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #191,557
  • Jan 8, 2010 4:02am Jan 8, 2010 4:02am
I think the drop of GBP/USD might go further than 1.5900 and lower to end the weeks trade, especially if the NFP numbers will be positive. They must be for the Holiday season!

So this might be perfect time to sell the pair.
  • #191,558
  • Jan 8, 2010 4:03am Jan 8, 2010 4:03am
Quoting wormboy
you might want to look at the charts again

Yesterday:
1. http://www.forexfactory.com/showpost...postcount=4218

Below is today. Just a thought.
Wormie bro, wots doin mate. Finally the machine takes a break. You back into the swing of things now mate.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #191,559
  • Jan 8, 2010 4:03am Jan 8, 2010 4:03am
Quoting GlobalMacro
Bearish momentum subsided today
Cable tested former down TL around 1.5920 and bounced

As such I'm buying here @ 1.5955 ...just below yesterday's stopout level anticipating re-entry into prior range zone.


Merry Christmas!

Quoting GlobalMacro

Well...Cable Aficionados...

This pair is playing "hard to get" ATM...she deflated back down to my entry and sitting around that level as we speak

On the daily there is a falling wedge and price is testing the vertex right now...this is usually a bullish formation...also keep in mind tomorrow's NFP

as long as bears don't demonstrate true resolve these kinds of half-hearted attempts at shaking out won't have any bearing

As a result I am still maintaining my long position for the time being...

Alright....Cable is soaring pre-NFP

As expected, bears didn't have the guts to push through base -- yet again!

I Will Continue To Carry My Long Position Set @ 1.5955
Attached Image
Hear the music before the song is over ...
  • #191,560
  • Jan 8, 2010 4:04am Jan 8, 2010 4:04am
Quoting Privet
1.615
1.6095
1.605
1.6005 последняя цена
1.5925
1.5885
1.583

http://www.tradingcentral.com/chart/...0108095247.gif
my charts say exactly the same ATM provided we have seen a top for the moment
if i new how to post a chart would show the same
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