hi all
nice ride up north cable still up there and the eur down whats going on
nice ride up north cable still up there and the eur down whats going on
Cable Update (GBPUSD)
- #192,801
- Jan 13, 2010 1:28pm Jan 13, 2010 1:28pm
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
- #192,802
- Jan 13, 2010 1:42pm Jan 13, 2010 1:42pm
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
- #192,804
- Jan 13, 2010 1:46pm Jan 13, 2010 1:46pm
Not sure where you opened but looks like we may be over due for a pullback on the 4hr chart. If not in the Asian session then right at open of London. However, it still looks like the 4hr trend is up.
It is not imposable for us to go to 6600 in a by the end of next week or the week after because we appear to still be in range on the weekly charts.
GL All
It is not imposable for us to go to 6600 in a by the end of next week or the week after because we appear to still be in range on the weekly charts.
GL All
we have to get a lower low and lower high or at least lower high for the next wave to can think about a proper swing
- #192,809
- Jan 13, 2010 2:42pm Jan 13, 2010 2:42pm
- Joined Apr 2008 | Status: Trader | 9,414 Posts
Hey Mal...I haven't seen you around all week....
If you are reading this...do you now agree that the high volume around 1.6100 we were discussing on friday was nothing but a temporary intraday reaction to O/B conditions and had nothing to do with longer term directional move?
http://www.forexfactory.com/showpost...stcount=191819
(now: late Tuesday cable trading @ 1.6170)
As i posted early I'm still seller but nice comment from you GM
I'm not using VSA so can't comment on this but here it's my daily chart as i see things - watch out 1.63 and 1.64
http://www.forexfactory.com/showthre...23#post3363223
- #192,811
- Jan 13, 2010 3:56pm Jan 13, 2010 3:56pm
- Joined Mar 2009 | Status: FX | 3,789 Posts
Veni, Vidi, Vici (We came, we saw, we conquered)
- #192,812
- Jan 13, 2010 4:09pm Jan 13, 2010 4:09pm
- | Joined May 2009 | Status: Trader | 1,124 Posts
TP hit.
.
You've got to be IN IT to WIN IT!
- #192,814
- Jan 13, 2010 4:43pm Jan 13, 2010 4:43pm
- Joined Apr 2008 | Status: Trader | 7,674 Posts
GBP is showing signs of strength, because it was heavily oversold for most all pairs. It had reached all-time lows for a few pairs.
This could be a top though for GU in the medium-term with it testing 1.58 again. I'm already long dollars, so I'm not actually trading this pair, at the moment.
This could be a top though for GU in the medium-term with it testing 1.58 again. I'm already long dollars, so I'm not actually trading this pair, at the moment.
- #192,815
- Jan 13, 2010 4:44pm Jan 13, 2010 4:44pm
- | Additional Username | Joined Sep 2009 | 8,623 Posts
Monday, Tuesday, Wednesday and now Thursday starting
Shiv Bhakti is the best indicator
Shiv Bhakti is the best indicator
- #192,817
- Jan 13, 2010 5:37pm Jan 13, 2010 5:37pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
TP hit.
"Keep your eyes on the helpers" - Mr. Rogers
- #192,818
- Jan 13, 2010 5:45pm Jan 13, 2010 5:45pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
Well, going to pick another top 
The is a almost perfect 3 Drives Pattern setup thanks to yesterdays moves. I have a pretty tight 36 pip stop, but if I am around I will probably ease up on that a bit as I would rather see a close above the high at 1.6307, at which time I would enter in the other direction for another Fib Extension.
When price gets to the 38.2 I will bring my SL to break even which looks like it is at 1.6213 and if it gets to 50 or 61.8, I will look to add another short position on a retrace from these areas on fib levels.
I have no TP in mind at the moment as I will be watching the SH's and SL's along with Fib Extensions to decide where to exit later. If this pans out, it could be a few day trade, but we shall see what happens.
I also have divergence on Root Indie.
Besides this I will be looking for my 15 pips of scalp before getting away from my computer for the night.
That is really all I know. Green pips everyone
The is a almost perfect 3 Drives Pattern setup thanks to yesterdays moves. I have a pretty tight 36 pip stop, but if I am around I will probably ease up on that a bit as I would rather see a close above the high at 1.6307, at which time I would enter in the other direction for another Fib Extension.
When price gets to the 38.2 I will bring my SL to break even which looks like it is at 1.6213 and if it gets to 50 or 61.8, I will look to add another short position on a retrace from these areas on fib levels.
I have no TP in mind at the moment as I will be watching the SH's and SL's along with Fib Extensions to decide where to exit later. If this pans out, it could be a few day trade, but we shall see what happens.
I also have divergence on Root Indie.
Besides this I will be looking for my 15 pips of scalp before getting away from my computer for the night.
That is really all I know. Green pips everyone
"Keep your eyes on the helpers" - Mr. Rogers
- #192,819
- Edited 6:41pm Jan 13, 2010 5:53pm | Edited 6:41pm
I thought this would be a good time to see how many people observed the same thing BUT predict a different outcome. 
What will the GBPUSD do next?
Answers:
A) Pull back to Zone 1
B) Pull back to Zone 2
C) Pull back to Zone 3
D) Will not make Zone 1, it will just keep going North to the 50% fib @ 6354 on the daily chart
E) Retrace past Zone 3
F) My crystal ball is broken and only PA will tell all
What will the GBPUSD do next?
Answers:
A) Pull back to Zone 1
B) Pull back to Zone 2
C) Pull back to Zone 3
D) Will not make Zone 1, it will just keep going North to the 50% fib @ 6354 on the daily chart
E) Retrace past Zone 3
F) My crystal ball is broken and only PA will tell all
It's Easy To Get In;.. It's Hard To Get Out 
- #192,820
- Jan 13, 2010 6:07pm Jan 13, 2010 6:07pm
- Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts
I thought this would be a good time to see how many people observe the same thing BUT have a different out come.
What will the GBPUSD have done by 6am NY time 1/14/2010?
Just pick a letter for your answer:
A) Pull back to Zone 1
B) Pull back to Zone 2
C) Pull back to Zone 3
D) Will not make Zone 1, it will turn and just keep going North
E) Retrace past Zone 3
Attachment
F: Don't know if it will make Zone 1 today, but hopefully zone 3 within the next few days.
"Keep your eyes on the helpers" - Mr. Rogers