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Cable Update (GBPUSD)

  • #192,601
  • Jan 13, 2010 5:33am Jan 13, 2010 5:33am
Quoting slick 60
For you RC
Thanks slick.. makes sense... good use of volume.
  • #192,602
  • Jan 13, 2010 5:35am Jan 13, 2010 5:35am
Quoting sibajnok
range? which TF should I watch?

until I see higher highs and higher lows, that is not range, rather trend.
If the price maintains below 1.6240 , it is going down
  • #192,603
  • Jan 13, 2010 5:37am Jan 13, 2010 5:37am
Quoting manize
I see .... let's go one more jump again to start fasten seat belt !
Are u counting your pips .... lol
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #192,604
  • Edited 5:41am Jan 13, 2010 5:40am | Edited 5:41am
Note how the low 6230 was tested before this last little move up. This was the low of the 2nd demand bar shown on my 5 min chart a few posts ago. With no supply coming into the market, the low holding big money absorbed and want the price to go higher. IT DID!.
And now we have hit R 3 bang on for the day and this move a little over 100 pips for the day.
  • #192,605
  • Jan 13, 2010 5:43am Jan 13, 2010 5:43am
Quoting forexlion
GBPUSD trade plan this week

http://www.forex-signals-zulutrade.c...15-jan-2010-gu

I have used the simplest of all standard mt4 indicators so that everyone can learn the technique within seconds.

Trade well.
GU is following the trade plan excellently

With 38.2 as support the next target is 61.8, and if that breaks and turns into support then the next will be EW wave 5 target as discussed.

Trade safe
  • #192,606
  • Jan 13, 2010 5:43am Jan 13, 2010 5:43am
So far just 50pips..
can it penetrate a new level//
  • #192,607
  • Jan 13, 2010 5:43am Jan 13, 2010 5:43am
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!
Well....the price action speaks for itself...

Friday marked the inception of the double-dip
We are into the 4th day of the bull run with momentum accerlerating

The long position is now up 319 pips @ 1.6274


I Will Continue To Carry My Long Position Set @ 1.5955
Attached Image
Hear the music before the song is over ...
  • #192,608
  • Jan 13, 2010 5:43am Jan 13, 2010 5:43am
Quoting Bull_Bear
Your welcome mate
hey bull please dont stop lol
  • #192,609
  • Jan 13, 2010 5:48am Jan 13, 2010 5:48am
thanks rico.
  • #192,610
  • Jan 13, 2010 5:53am Jan 13, 2010 5:53am
Quoting vlady1974
Hi Folks,

Happy New Year to everyone!...

Hi Vlady,

Happy New Year To You Too!
I'm glad you find my contributions useful....also it's great to hear you're making progress in your trading...

Trade Well!
GM
Hear the music before the song is over ...
  • #192,611
  • Edited 6:08am Jan 13, 2010 5:58am | Edited 6:08am
Quoting dil
hey bull please dont stop lol
still waiting for a bearish signal to go short
may be with the open of USA session or @ 1.631x
  • #192,612
  • Jan 13, 2010 6:09am Jan 13, 2010 6:09am
Quoting Bull_Bear
Are u counting your pips .... lol
Yes ... + 50 pips sofar ! Looking for 1.6312. Thanks bro !
Attached Image (click to enlarge)
Click to Enlarge Name: 130110b.gif Size: 67 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #192,613
  • Jan 13, 2010 6:09am Jan 13, 2010 6:09am
the last station will be 6296 and goo down

we will see
  • #192,614
  • Jan 13, 2010 6:11am Jan 13, 2010 6:11am
Quoting LetsTrade
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
First target about to be reached.
  • #192,615
  • Jan 13, 2010 6:14am Jan 13, 2010 6:14am
Quoting manize
Yes ... + 50 pips sofar ! Thanks bro !
Put on your tutu and do the victory dance...
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #192,616
  • Jan 13, 2010 6:16am Jan 13, 2010 6:16am
Quoting LetsTrade
First target about to be reached.
And then a retracement to 1.6208
  • #192,617
  • Jan 13, 2010 6:25am Jan 13, 2010 6:25am
Hello bro, may I ask what is your target price? i just want to learn how you do it. thanks bro!

Quoting GlobalMacro
Well....the price action speaks for itself...

Friday marked the inception of the double-dip
We are into the 4th day of the bull run with momentum accerlerating

The long position is now up 319 pips @ 1.6274


I Will Continue To Carry My Long Position Set @ 1.5955
  • #192,618
  • Jan 13, 2010 6:27am Jan 13, 2010 6:27am
Quoting egymedo
the last station will be 6296 and goo down

we will see
will goo down ish it is begain to be weeeeeeeeeek

u will see

look to cci indicator
  • #192,619
  • Jan 13, 2010 6:29am Jan 13, 2010 6:29am
Update
Attached Image (click to enlarge)
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  • #192,620
  • Jan 13, 2010 6:30am Jan 13, 2010 6:30am
Daily: we have said from earlier post that GU has been ranging between 1.7000 and 1.5900. we also seeing how head and shoulder been responsible for the change of momentum from the bull to bear and vice versa. presently, GU is in a very large bullish crown formation with its target at 1,7088(top of the range) but the success or failure of that crown will be dependent on price action inside the daily bearish channel.
Presently, we are in a bearish channel, price moving towards key level at 1.6350, which has several convergence, Trendline bounce, resistance and Fib confluence.


4hr: Possible short at 1.6350. convergence, bullish crown target, trendline bounce and Jumbo gartley(pattern discovered by adam andresen). this is a high probability short, could be a retracement or a reversal


entry: 1.6350 stop at 1.6415 t1: 1.6189 t2: 1.6081 t3: 1.5000(on a longer term, this will prove that GU has reversed)
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