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Cable Update (GBPUSD)

  • #193,341
  • Jan 14, 2010 11:12pm Jan 14, 2010 11:12pm
Respect for the 30m pin bar anyone?

Dr. D.
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  • #193,342
  • Jan 14, 2010 11:14pm Jan 14, 2010 11:14pm
Quoting John D
Attachment

Yep, that about says it all.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #193,343
  • Jan 14, 2010 11:14pm Jan 14, 2010 11:14pm
Quoting mwafrika
Kindly explain why you need more than 4 screens, coz clearly i need to add some more,what are the advantages?.Quick recovery though!
I use a method of multiple timframe fibonacci lines and channels. In addition, I have experimented with the compression charts to go with my method (thanks to Dr. D and Magix). It is very difficlut to do that with just one screen. Not to mention that I trade multiple countries. To try to change countries, draw my indicators, and then analyze would be impossible if I had just 1 screen (or 1 computer for that matter).

So 4 screens not enough, to be honest 54 screens are not enough but they will do for now.
  • #193,344
  • Jan 14, 2010 11:20pm Jan 14, 2010 11:20pm
Quoting fourxtrader
Respect for the 30m pin bar anyone?

Dr. D.
Dr. D,

It is definately time to be careful but, as most can see (I know you can't view my charts to well and I haven't had time to figure out what you told me to do), we are just under the 38.2 monthly and quarterly fibs, and above the 100 fib on the 4H (weekly fibs). Remember how I said 138.2, 161.8, 261.2 are the targets. We shall see. It doesn't always make it to them, but it is dangerous playing against it once it breaks this far.
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  • #193,345
  • Jan 14, 2010 11:36pm Jan 14, 2010 11:36pm
Quoting Ctic
Dr. D,

It is definately time to be careful but, as most can see (I know you can't view my charts to well and I haven't had time to figure out what you told me to do), we are just under the 38.2 monthly and quarterly fibs, and above the 100 fib on the 4H (weekly fibs). Remember how I said 138.2, 161.8, 261.2 are the targets. We shall see. It doesn't always make it to them, but it is dangerous playing against it once it breaks this far.
Ctic,

I appreciate the charts and your alerts.
I'm watching your 4h channel.

What are the prices that match your fib extensions.

Thanks,

Dr. D.
  • #193,346
  • Jan 14, 2010 11:46pm Jan 14, 2010 11:46pm
Quoting fourxtrader
Ctic,

I appreciate the charts and your alerts.
I'm watching your 4h channel.

What are the prices that match your fib extensions.

Thanks,

Dr. D.
100 fib 1.62405
138.2 fib 1.63965
161.8 fib 1.64925
  • #193,347
  • Jan 15, 2010 12:55am Jan 15, 2010 12:55am
Did everyone get quiet or did I lose internet?
  • #193,348
  • Jan 15, 2010 1:05am Jan 15, 2010 1:05am
Quoting Ctic
Did everyone get quiet or did I lose internet?
lool, still here , everyone is just waiting with bated breath for gbp to do something , anything ,
  • #193,349
  • Jan 15, 2010 1:14am Jan 15, 2010 1:14am
GBP/USD: While some might interpret the recent break above 1.6240 as the trigger of a double bottom, we do not see a double bottom scenario playing out, with any gains above 1.6240 limited to the 1.6400-1.6500 area. The current rally is classed as corrective and we look for a lower top to carve out ahead of the next downside extension towards key medium-term support at 1.5700, which had been narrowly in the previous attempt.




Thoughts?

  • #193,350
  • Jan 15, 2010 1:17am Jan 15, 2010 1:17am
Morning All,

Just woke up.... hmmm. Not what I expected.
But, I think I will leave these trades open = Nerves of Steel
She looks weak.

Happy trading today and Good Luck!
A pip is only worth it if you know how much you risked to earn it
  • #193,351
  • Jan 15, 2010 1:18am Jan 15, 2010 1:18am
Quoting vlady1974
Morning All,

Just woke up.... hmmm. Not what I expected.
But, I think I will leave these trades open = Nerves of Steel
She looks weak.

Happy trading today and Good Luck!
it will get there lol
  • #193,352
  • Jan 15, 2010 1:38am Jan 15, 2010 1:38am
Good day everyone,can some tell me what may likely be the bias for today?http://cdn.forexfactory.com/images/icons/pound.gif
  • #193,353
  • Jan 15, 2010 1:41am Jan 15, 2010 1:41am
From daily chart we can see that we have reached the top of the channel and now we should go shooting down. But no, it seems that the bulls are still in control and there is still a little upside.
  • #193,354
  • Jan 15, 2010 1:41am Jan 15, 2010 1:41am
Gbp is putting up a fight. Just fall dammit.
  • #193,355
  • Jan 15, 2010 1:47am Jan 15, 2010 1:47am
bears are trying hard atm, quite a battle lol
  • #193,356
  • Jan 15, 2010 1:54am Jan 15, 2010 1:54am
Quoting digger1
bears are trying hard atm, quite a battle lol

It seems that bears are not in good shape too
Don't tell me how much you can earn. Tell me how much you may lose..
  • #193,357
  • Jan 15, 2010 2:01am Jan 15, 2010 2:01am
Quoting EliteFX
It seems that bears are not in good shape too
they are starting to look better lol
  • #193,358
  • Jan 15, 2010 2:03am Jan 15, 2010 2:03am
Quoting digger1
they are starting to look better lol
Don't tell me how much you can earn. Tell me how much you may lose..
  • #193,359
  • Jan 15, 2010 2:04am Jan 15, 2010 2:04am
Quoting digger1
bears are trying hard atm, quite a battle lol
Not another boring night of range-bound trading...
  • #193,360
  • Jan 15, 2010 2:05am Jan 15, 2010 2:05am
just my blurr view
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