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Cable Update (GBPUSD)

  • #193,381
  • Jan 15, 2010 2:40am Jan 15, 2010 2:40am
Quoting AndyPass
Am I the only one still long? :-)
In my opinion, we are still in up trend, and still in channel so I dont see any reason to go short, I am long 6319 (for 90 minuts already) and see 3 hammers on 1h tf, TP 6390
  • #193,382
  • Jan 15, 2010 2:46am Jan 15, 2010 2:46am
Quoting scurt
In my opinion, we are still in up trend, and still in channel so I dont see any reason to go short, I am long 6319 (for 90 minuts already) and see 3 hammers on 1h tf, TP 6390
We closed above the 50 sma yesterday and had a nice bounce off it.

Long from 1.6255 and 1.6290. It's a free trade now so I'm happy to let it ride.
  • #193,383
  • Jan 15, 2010 2:49am Jan 15, 2010 2:49am
Quoting AndyPass
We closed above the 50 sma yesterday and had a nice bounce off it.

Long from 1.6255 and 1.6290. It's a free trade now so I'm happy to let it ride.
Nice job bro !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #193,384
  • Jan 15, 2010 2:53am Jan 15, 2010 2:53am
Quoting manize
Nice job bro !
Cheers. We also bounced off the 50 sma on the 1hr.
  • #193,385
  • Jan 15, 2010 3:01am Jan 15, 2010 3:01am
g/u just seems stuck in the mud here on 4hr. Momentum (strength) is increasing, but to what side we dont know. Hopefully down.
  • #193,386
  • Jan 15, 2010 3:08am Jan 15, 2010 3:08am
Attached Image (click to enlarge)
Click to Enlarge Name: minus.jpg Size: 9 KB

http://images.shareapic.net/fullsize6/021065220.jpgi like my order
still believe gbp/usd will go to downtrend
Fundametal is the Trigger....
  • #193,387
  • Jan 15, 2010 3:12am Jan 15, 2010 3:12am
Quoting big_pipin
g/u just seems stuck in the mud here on 4hr. Momentum (strength) is increasing, but to what side we dont know. Hopefully down.
starting to have some trouble getting it much above todays, open one of these times it should drop good
  • #193,388
  • Jan 15, 2010 3:14am Jan 15, 2010 3:14am
Quoting manize
Hold your possition. I am still no trade untill move beyond 1.6309/312 - 1.6354 !
manize,

what is your plan in 1.6309/312 - 1.6354 ?
Patience + Discipline =
  • #193,389
  • Jan 15, 2010 3:16am Jan 15, 2010 3:16am
It's making another bounce on 1.6312, which is the central pivot point for today. Just below that is the 1 hour trendline at about 1.6301. So far a couple of tough nuts to crack.
  • #193,390
  • Jan 15, 2010 3:17am Jan 15, 2010 3:17am
Quoting big_pipin
g/u just seems stuck in the mud here on 4hr. Momentum (strength) is increasing, but to what side we dont know. Hopefully down.
I am going to try to erase tht pivot point bigpin and cif tht helps
Attached Image (click to enlarge)
Click to Enlarge Name: Noname.jpg Size: 148 KB
  • #193,391
  • Jan 15, 2010 3:19am Jan 15, 2010 3:19am
Cable will soon come down, i will tell you tomorrow for sure what will happen
"Hate the sin, love the sinner." - Gandhi
  • #193,392
  • Jan 15, 2010 3:21am Jan 15, 2010 3:21am
Quoting gukguks
Attachment
http://images.shareapic.net/fullsize6/021065220.jpgi like my order
still believe gbp/usd will go to downtrend

good to know where the money came from
(long 6319, tp6390 sl6275)
  • #193,393
  • Jan 15, 2010 3:21am Jan 15, 2010 3:21am
Short @ 1.6337 t.p 1.6290
SCARED MONEY NEVER DOES GOOD IN FOREX
  • #193,394
  • Jan 15, 2010 3:22am Jan 15, 2010 3:22am
Short @ 1.6337 t.p 1.6290 sl moved to be
SCARED MONEY NEVER DOES GOOD IN FOREX
  • #193,395
  • Jan 15, 2010 3:23am Jan 15, 2010 3:23am
Short from 1.6332
  • #193,396
  • Jan 15, 2010 3:23am Jan 15, 2010 3:23am
Quoting scurt
good to know where the money came from
(long 6319, tp6390 sl6275)
LMAO i think it's the opposite way ...right now the chart is setting for a downtrend

I'm selling GBPJPY already and +50 pips now, soon i think Cable will correlate.
"Hate the sin, love the sinner." - Gandhi
  • #193,397
  • Jan 15, 2010 3:27am Jan 15, 2010 3:27am
Quoting dswk
Short from 1.6332
welcome to the party that will hopefully unfold soon whats your target?
  • #193,398
  • Jan 15, 2010 3:30am Jan 15, 2010 3:30am
Quoting TheGabriel
LMAO i think it's the opposite way ...right now the chart is setting for a downtrend

I'm selling GBPJPY already and +50 pips now, soon i think Cable will correlate.
Hi TheGabriel..
where have you been?
you missed the cables bulls show in this opening year..
Patience + Discipline =
  • #193,399
  • Jan 15, 2010 3:31am Jan 15, 2010 3:31am
Quoting bbmac
Hi BB, Long time, hope u r well,

We are currently indisputably in an uptrend 1hr/4hr and on the Daily chart from the 5830 low on 30th Dec we have a LL, LH,HL and now a H above last LH of that t/f's downtrend....As for weekly chart -it is ranging. I know there are many flat eath deniers (particularly over @ Dt's thread) but that is the current situation....Question now is will the supply in the zone shown on chart below (overnight Hi 6354 in that zone @ the 50% fib and trend line) be sufficient to cause at least an extended pullback or more to...
BB2, I'm good mate, you keeping well? I know its been a while since i visited this FF as i lost patience. I still actively trade mate, jus don't visit here as often. I thought i come back again to test my patience before long... lol

I know what you mean by an uptreand but your untrend is within a larger downtrend, a trend within a trend. The hand over of trends converges (up & down) leading to triangle formation, leading to an eventual break out. Thus leading to more trend development, the key is understanding which is more dominant to part take in. Here's an illustration... Do you know what i mean?
Attached Image (click to enlarge)
Click to Enlarge Name: Daily.JPG Size: 114 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #193,400
  • Jan 15, 2010 3:31am Jan 15, 2010 3:31am
Quoting big_pipin
welcome to the party that will hopefully unfold soon whats your target?
1.6283 (MA50 H1) for 50% the rest will follow.... We have a HUGE Bearish Gartley in H1 / H4
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