Veni, Vidi, Vici (We came, we saw, we conquered)
Cable Update (GBPUSD)
- #192,202
- Jan 11, 2010 10:03pm Jan 11, 2010 10:03pm
Good Evening..I am back for more
Here is my current 1M chart. I had a nice Asian session and probably should not trade, but we'll see what happens.
55sma has positioned itself between the 100 and 200 SMA with the 5M, 15M, and 30M all pointing up. H1 is in a neutral position with downward bias because that is where it came from. With price currenty sitting at the 200SMA
Good trading everyone.
Really help me out
H1 neutral so it cud be the price take a step at daily low before goin up
but currently i just wait till the price show his movement
Wish a Greenpips fo you mate
Guide me please
- #192,203
- Jan 11, 2010 10:05pm Jan 11, 2010 10:05pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
Thx for the analysis damon
Really help me out
H1 neutral so it cud be the price take a step at daily low before goin up
but currently i just wait till the price show his movement
Wish a Greenpips fo you mate
"Keep your eyes on the helpers" - Mr. Rogers
- #192,204
- Jan 11, 2010 10:13pm Jan 11, 2010 10:13pm
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Hi Magix,
I am looking at your H4, looks to me when the Yellow line 200EMA (circle in gray) at the high of the candle, it shows downward call to 1.6012. I am looking a short to this level.
I short at 1.6090, target 1.6020. SL 1.6125
Just sharing my observation. Correct me if I am wrong.
BUT....
Because I try to keep an eye on all time frames...you have to keep the support line of the 24 SMA on the daily as well..Because we are above this line, we have support by it, so because we are long on the daily, long on the H4, assumption of long trend might be in play. Because we have tinkered in this area, I would consider this a consolidation zone. Play between the support of the 24SMA on the daily and resistance of the 200EMA on the daily...which ever breaks first...WINS!
Seriously, we are in kind of a tricky situation, kind of stuck between support and resistance, play carefully and leave nothing to assumption. Play safely with 24sma on the 15m chart as support or resistance, until we are safely into a direction.
Support green line(24SMA), resistance red line(200EMA)...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #192,206
- Jan 11, 2010 10:35pm Jan 11, 2010 10:35pm
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
:nerd:1.6121/35 ! I maybe short here ! 
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #192,207
- Jan 11, 2010 10:39pm Jan 11, 2010 10:39pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
This looks to me to be the triangle formation that will play itself out today. 15M chart with upper TL sitting right at the daily pivot. I am thinking with my short bias on the 4H chart, might be a good place to put in a short with a pretty tight stop. Definite good risk reward on this one. Definitely worth a look at the up coming candles.
"Keep your eyes on the helpers" - Mr. Rogers
- #192,209
- Jan 11, 2010 10:53pm Jan 11, 2010 10:53pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
Last Night I went Short @ 173 For 200 points , Hope That I Can Catch It...
Good Luck Every 1 !
"Keep your eyes on the helpers" - Mr. Rogers
- #192,210
- Jan 11, 2010 11:04pm Jan 11, 2010 11:04pm
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
U Should Have Done It Earlier...!
Anyway I wait for London session open to consider whatever I'll do !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #192,212
- Jan 11, 2010 11:11pm Jan 11, 2010 11:11pm
Ok , But U Should Have Added a new position instead Of Closing The Previous One , Because We R Going To Meet 1.59 Area soon...
Anyway Good Luck And Wish U Constant Success.
Anyway Good Luck And Wish U Constant Success.
* Never Trust To Any Indicator * 
- #192,213
- Jan 11, 2010 11:13pm Jan 11, 2010 11:13pm
- | Joined Dec 2007 | Status: Trader | 3,220 Posts
:nerd:1.6121/35 ! I maybe short here !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
- #192,214
- Jan 11, 2010 11:17pm Jan 11, 2010 11:17pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
Regret too long thinking !
"Keep your eyes on the helpers" - Mr. Rogers
- #192,215
- Jan 11, 2010 11:21pm Jan 11, 2010 11:21pm
Ok , But U Should Have Added a new position instead Of Closing The Previous One , Because We R Going To Meet 1.59 Area soon...
Anyway Good Luck And Wish U Constant Success.
- #192,218
- Edited 11:50pm Jan 11, 2010 11:37pm | Edited 11:50pm
- Joined Mar 2009 | Status: FX | 3,789 Posts
Veni, Vidi, Vici (We came, we saw, we conquered)
- #192,220
- Jan 12, 2010 12:10am Jan 12, 2010 12:10am
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
Good Night Fellow Traders. Took the last short for my daily pip total, plus I still have my short from the top of the 15M triangle formation, now at BE+1
Enjoy your trading and green pips to everyone. I am off to get some sleep and see what things look like for NY open.
Enjoy your trading and green pips to everyone. I am off to get some sleep and see what things look like for NY open.
"Keep your eyes on the helpers" - Mr. Rogers