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Cable Update (GBPUSD)

  • #191,781
  • Jan 8, 2010 12:01pm Jan 8, 2010 12:01pm
I think the second party just started
  • #191,782
  • Jan 8, 2010 12:02pm Jan 8, 2010 12:02pm
Quoting fourxtrader
Originally Posted by manize http://cdn.forexfactory.com/images/buttons/viewpost.gif
I miss the party. Take a long at DP today 1.5962, looking for 1.6022 before reversed down again.


Good job. Change that to within 3 pips. And I'll join you if it hits 1.6025.

Dr. D.
I go earlier to the party bro, no care minus - 2 pips, worried too late join the beer and dancing ! Happy week end all !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #191,783
  • Jan 8, 2010 12:09pm Jan 8, 2010 12:09pm
Still 2 hrs to go on this 4h candle.

Just checked through the charts over the past 12 months
and we haven't had a pin bar formation anywhere near
this magnitude (with a beak 100+ pips) and the eyes in
balance. Something significant may be in the mix.

Dr. D.
Attached Image
  • #191,784
  • Jan 8, 2010 12:18pm Jan 8, 2010 12:18pm
Quoting Fudomyo

Profitability is based on exploiting market inefficiencies, and the 4H is an elegant inefficiency for price relationship you can use to your advantage.
You've just described my trading strategy.

Dr. D.

  • #191,785
  • Jan 8, 2010 12:18pm Jan 8, 2010 12:18pm
bear flag on H1 & M15
also H & S
Hope it play well.
  • #191,786
  • Jan 8, 2010 12:21pm Jan 8, 2010 12:21pm
short 6030 .. 50 % fib reatrce

move up on NO volume ..... come on...maybe will not play out today

Attached Image (click to enlarge)
Click to Enlarge Name: gud02.gif Size: 22 KB
Blogging daily now at www.volume.zone
  • #191,787
  • Jan 8, 2010 12:27pm Jan 8, 2010 12:27pm
Quoting malcolmb14
short 6030 .. 50 % fib reatrce

move up on NO volume ..... come on...maybe will not play out today

Attachment
I'm in at 1.6030 also.

Dr. D.
  • #191,788
  • Jan 8, 2010 12:29pm Jan 8, 2010 12:29pm
Good old cable has that way of sticking in a confusing low and this was no exception. To be able to just stick to one's guns and say to H with it would be nice. I feel we have made the turn and are moving north now to that 1.718 area I posted yesterday. Here is a snap of the 15 min wave count as I see it at present.
Good trading folks

slick
Attached Image (click to enlarge)
Click to Enlarge Name: Cable 15 min Jan 8.png Size: 37 KB
  • #191,789
  • Jan 8, 2010 12:30pm Jan 8, 2010 12:30pm
Quoting fourxtrader
I'm in at 1.6030 also.

Dr. D.
are you staying in for a few days ? ie over the weekend

hate that whippy stuff over the gap
  • #191,790
  • Jan 8, 2010 12:36pm Jan 8, 2010 12:36pm
Quoting fourxtrader
I'm in at 1.6030 also.

Dr. D.
Me too.
  • #191,791
  • Jan 8, 2010 12:38pm Jan 8, 2010 12:38pm
Quoting allserene
are you staying in for a few days ? ie over the weekend

hate that whippy stuff over the gap

nfp is that bad ES may even get to a new high today ....
Blogging daily now at www.volume.zone
  • #191,792
  • Jan 8, 2010 12:40pm Jan 8, 2010 12:40pm
Quoting allserene
are you staying in for a few days ? ie over the weekend

hate that whippy stuff over the gap
With you there brother.

We are below the daily resistance, above the 4hr support, and slowly up-trending...

We are mid channel as far as I can see...here...I think the chart is able to put a big hurt on me...will sit out and join in the fun next week.

H&S pattern and a 4hr Pin = Sell....
Above the 4hr 24SMA = hold for long signals to daily resistance.

Ack!

Enjoy the weekend everybody!
Attached Image (click to enlarge)
Click to Enlarge Name: day.GIF Size: 36 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #191,793
  • Jan 8, 2010 12:42pm Jan 8, 2010 12:42pm
hallo ! anyone trade gold ?
  • #191,794
  • Jan 8, 2010 12:49pm Jan 8, 2010 12:49pm
shorted gold at 37.5 38 seems to me a resitance although i am a new trader and hasnt earned any credibility.
  • #191,795
  • Jan 8, 2010 12:50pm Jan 8, 2010 12:50pm
I think... someone that has a great deal of power is sending someone a message.

On a 15 minute chart... it is clearly the finger.

BR
  • #191,796
  • Edited 12:51pm Jan 8, 2010 12:50pm | Edited 12:51pm
innnnnnnnnnnnnnnnnnnnnn f it eu toooo
  • #191,797
  • Jan 8, 2010 12:52pm Jan 8, 2010 12:52pm
good observation sir.
  • #191,798
  • Jan 8, 2010 12:54pm Jan 8, 2010 12:54pm
Quoting Big1red9
I think... someone that has a great deal of power is sending someone a message.

On a 15 minute chart... it is clearly the finger.

BR
http://www.forexfactory.com/showpost...stcount=191752

See link....Way ahead of ya on that one mango.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #191,799
  • Jan 8, 2010 12:58pm Jan 8, 2010 12:58pm
NFP Numbers were released earlier and were not too good for the USD. My Stop Loss was hit @ break even. Will wait for the market early next week to either show selling pressure for a possible short again @ resistance @ 1.6165 area or look for a possible long with buying pressure @ any of the levels of support below - 1.5830, 1.5798, 1.570. Hope everyone has a good weekend, stay safe.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-daily.jpg Size: 117 KB
  • #191,800
  • Jan 8, 2010 1:09pm Jan 8, 2010 1:09pm
USDX daily shows clear Bull flag
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