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Cable Update (GBPUSD)

  • #192,481
  • Jan 13, 2010 1:20am Jan 13, 2010 1:20am
Quoting WedWed
i prepare Miga Short @ 6224 , hope price kiss my level
My call lastnight Miga Short @ 6224 ,
took 14pips and leave half lot ride the market.

Drawdown was 0 pip
Never sell @ lower upward channel unless breacked and vise versa .
  • #192,482
  • Jan 13, 2010 1:23am Jan 13, 2010 1:23am
hi guys whats new cant remember anything about last night just saw my post with weed damn
  • #192,483
  • Jan 13, 2010 1:23am Jan 13, 2010 1:23am
http://https://secure.easy-forex.com...0113074403.GIF
Pivot: 1.6240.

Our Preference: SHORT positions @ 1.623 with 1.614 & 1.6065 in sight.

Alternative scenario: The upside penetration of 1.624 will call for a rebound towards 1.6275 & 1.6315.

Comment: the RSI is capped by a bearish trend line. The 1.624 key level is expected to offer a strong resistance.

Trend: ST Ltd Downside; MT Range

Key levels Comment

1.6315* Intraday resistance

1.6275* Intraday resistance

1.624*** Intraday pivot point

1.6205 Last

1.614* Intraday rising trend line

1.6065** Intraday support

1.6025** Gap area
  • #192,484
  • Jan 13, 2010 1:24am Jan 13, 2010 1:24am
Quoting WedWed
My call lastnight Miga Short @ 6224 ,
took 14pips and leave half lot ride the market.

Drawdown was 0 pip
Hello
how do u got this tight spread FXCM didnt hit that price. Can u please tell me which broker are you using. Thank you..
  • #192,485
  • Jan 13, 2010 1:28am Jan 13, 2010 1:28am
Quoting Honored
Is going short here at 1.6220 a wise decision ? any inputs please...
This is the way I see it.

The major resistance of 1.6193 has been broken. To understand this resistance go to 4 hour chart and zoom out and then one can see this resistance.

First target is 1.6296 and second target 1.6434
  • #192,486
  • Jan 13, 2010 1:30am Jan 13, 2010 1:30am
Actually tonight I don't think it will be
- could be wrong -

But there have been many session crossovers from aussie/asia
to LDN where I have seen the trend going up naturally, then Asia begins to sell, in anticipation and perhaps profit taking (short term) before LDN signs on.
Next LDN will continue selling, stop, then resume trend with strong buying at better rate.

My observation/ theory does not always present, unfortunately I do not trade LDN open enough to study it further.

Asian Market broke important resistance, tonight should prove to be interesting.

Quoting RChio
Hey XTrade

What makes you think that the London Market will be a sellathon?

More importantly what's caused such a bold uptrend?

Inputs anyone.

Cheers,
R
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #192,487
  • Jan 13, 2010 1:36am Jan 13, 2010 1:36am
Quoting intrepid1
Hello
how do u got this tight spread FXCM didnt hit that price. Can u please tell me which broker are you using. Thank you..

FXDD
Never sell @ lower upward channel unless breacked and vise versa .
  • #192,488
  • Jan 13, 2010 1:38am Jan 13, 2010 1:38am
i can see Short Swing Trade @ 6268 ..
Never sell @ lower upward channel unless breacked and vise versa .
  • #192,489
  • Jan 13, 2010 1:43am Jan 13, 2010 1:43am
Quoting WedWed
i can see Short Swing Trade @ 6268 ..
actually 6224 is Swing level too .. i am not sure 6268 will reach it, but if that happen will be great chance to short it.
Never sell @ lower upward channel unless breacked and vise versa .
  • #192,490
  • Jan 13, 2010 1:45am Jan 13, 2010 1:45am
Short at 6225
  • #192,491
  • Jan 13, 2010 1:54am Jan 13, 2010 1:54am
Quoting tommycz
Short at 6225
I'm in short @ 1.6227 sl : 1.6245
  • #192,492
  • Jan 13, 2010 2:00am Jan 13, 2010 2:00am
Correct me if I am wrong, but I see a shooting star on the hour tf. Should be coming down for a bit. I've taken a short from 1.6230.
  • #192,493
  • Jan 13, 2010 2:05am Jan 13, 2010 2:05am
Quoting blindman
Correct me if I am wrong, but I see a shooting star on the hour tf. Should be coming down for a bit. I've taken a short from 1.6230.
well done man .... but i don't know about the shooting star candle, cuz i don't depend on candles formation in my analysis ...
  • #192,494
  • Jan 13, 2010 2:08am Jan 13, 2010 2:08am
Yeah it should come down a fair bit. Don't forget news in about 1.5 hours..

I actually waited for it to go a bit higher to about 6148 or so..Think i missed a good short.. Might be a bit late to enter now..
  • #192,495
  • Jan 13, 2010 2:10am Jan 13, 2010 2:10am
Quoting m.haggag
well done man .... but i don't know about the shooting star candle, cuz i don't depend on candles formation in my analysis ...
If you look on the 1HR tf there seems to be some negative divergence using the MACD too which confirms a down move..
  • #192,496
  • Jan 13, 2010 2:10am Jan 13, 2010 2:10am
Quoting m.haggag
well done man .... but i don't know about the shooting star candle, cuz i don't depend on candles formation in my analysis ...
Thanks. SL moved to BE. First target is 1.6135 area. Second is 1.6065 area.
  • #192,497
  • Jan 13, 2010 2:11am Jan 13, 2010 2:11am
Quoting Honored
Is going short here at 1.6220 a wise decision ? any inputs please...
I think that you are safe here. Place your stoploss just above the close of last weeks candle. The weekly chart has shown the G/U pair going sideways for the past three weeks. We are currently at the top of both last weeks, and the 2 week ago candle. If this breaks here we are going to go up a bunch. If we do not, to the bottom of the candle we go. That is why you are safe. You will risk a minimun amount of pips for a gain of a lot. This could be the beginning of a very long consolidating channel. Time will tell.
  • #192,498
  • Jan 13, 2010 2:13am Jan 13, 2010 2:13am
Quoting blindman
Thanks. SL moved to BE. First target is 1.6135 area. Second is 1.6065 area.
take care >>>>>>> NEWS
  • #192,499
  • Jan 13, 2010 2:17am Jan 13, 2010 2:17am
Quoting staccato
If you look on the 1HR tf there seems to be some negative divergence using the MACD too which confirms a down move..
thank You man , i have also my confirmations on my lovely stoch ,, but afraid of the support at the last double tops @ 1.6193
  • #192,500
  • Jan 13, 2010 2:18am Jan 13, 2010 2:18am
Quoting WedWed
hahaha.. thats what i read and saw from previous post!

your multiple postions have TP @ 1.6084 and bellow ( that what i mean by deep) based on Douple Top.

What about your Douple Top ???
are your indicator REPAINT now to Triple Top ??


to make your post useful and not (repaint) just put clear ENTRY,TP and SL .
Actually she is kind of correct. Look at your weekly chart. For three weeks now we have been going sideways. We are at the 100 fib line going back into December. It has not moved from this point. Now I said kind of right because I think she was referring to a different TF. This here if it breaks this point we should go up to the 1.65 area. If not, Back down to the bottom. I myself do not think we will break this spot this week, but then again, I don't like trading when it is like this. If her trades are all in at this top spot and it does not break, she stands to make about 260 pips. If it does break this, I hope her SL's are just above this weekly high spot. That would be good MM since she is risking minimum amount of pips for a lot.
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