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Cable Update (GBPUSD)

  • #194,401
  • Jan 19, 2010 11:11pm Jan 19, 2010 11:11pm
Quoting Jemmy
My scoring board :
2 days ago ~ BULLS 5 : 2 BEARS
1 day ago ~ BULLS 6 : 1 BEARS
TODAY ~ BULLS 4 : 3 BEARS

Conclusion:
Bulls loss much power, but bears not yet in control..
Wait & see for today..
still not clear going long or short..

Attachment
Jemmy,

Please post this scorecard every day or twice a day.

Good stuff.

Dr. D.
  • #194,402
  • Jan 19, 2010 11:16pm Jan 19, 2010 11:16pm
Quoting fourxtrader
Jemmy,

Please post this scorecard every day or twice a day.

Good stuff.

Dr. D.
fourxtrader,

thanks for the response..

I will post my scoring board everyday after daily candle closed..
Patience + Discipline =
  • #194,403
  • Jan 19, 2010 11:44pm Jan 19, 2010 11:44pm
Regret miss + 30 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #194,404
  • Jan 19, 2010 11:52pm Jan 19, 2010 11:52pm
Quoting malcolmb14
Petar

2 sets of eyes ..we both see eu completely differently

I see it being in a downtrend ... could even be some large channel as long as 1.5500 holds. We could even see parity later this year / 2011 . Parity would only be a 78.6 % retrace of up move from 2000 to 2008

Attachment

yup petar ... eu is in an uptrend for sure .... now turn your monitor upside down and you will see it is really in a downtrend

major support on weekly broken , rapidly marked down thru in aisa. Could mean pros have intent of lower prices in next 48 hours
Blogging daily now at www.volume.zone
  • #194,405
  • Jan 19, 2010 11:52pm Jan 19, 2010 11:52pm
I am short @6292 SL=6340..

Attached Image
Patience + Discipline =
  • #194,406
  • Jan 19, 2010 11:54pm Jan 19, 2010 11:54pm
Yes, It has trend down strong
  • #194,407
  • Jan 19, 2010 11:59pm Jan 19, 2010 11:59pm
Very active day so far.
  • #194,408
  • Jan 20, 2010 12:01am Jan 20, 2010 12:01am
Quoting Jemmy
I am short @6292 SL=6340..

Attachment

OK I join again + 2 pips higher than yours friend !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #194,409
  • Jan 20, 2010 12:01am Jan 20, 2010 12:01am
Quoting malcolmb14
yup petar ... eu is in an uptrend for sure .... now turn your monitor upside down and you will see it is really in a downtrend

major support on weekly broken , rapidly marked down thru in aisa. Could mean pros have intent of lower prices in next 48 hours
EU UPTREND??? on what, 20 seconds chart??
Thank You
  • #194,410
  • Jan 20, 2010 12:03am Jan 20, 2010 12:03am



Quoting malcolmb14
yup petar ... eu is in an uptrend for sure .... now turn your monitor upside down and you will see it is really in a downtrend

major support on weekly broken , rapidly marked down thru in aisa. Could mean pros have intent of lower prices in next 48 hours
Attached Image (click to enlarge)
Click to Enlarge Name: weekly gu.gif Size: 40 KB
Attached Image
[
  • #194,411
  • Jan 20, 2010 12:04am Jan 20, 2010 12:04am
Quoting wormboy
EU UPTREND??? on what, 20 seconds chart??

worm .. was debating this with Petar this morning .. he said 100% i was counter trend trading eu by selling .
Blogging daily now at www.volume.zone
  • #194,412
  • Jan 20, 2010 12:08am Jan 20, 2010 12:08am
Quoting manize
OK I join again + 2 pips higher than yours friend !
Lets ride the bears..
Patience + Discipline =
  • #194,413
  • Jan 20, 2010 12:09am Jan 20, 2010 12:09am
Hey Looks Like It's Working !



Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD, H4_2010-01-20.jpg Size: 58 KB
* Never Trust To Any Indicator *
  • #194,414
  • Jan 20, 2010 12:11am Jan 20, 2010 12:11am
Quoting malcolmb14
worm .. was debating this with Petar this morning .. he said 100% i was counter trend trading eu by selling .
lol, I know, the black dog fella.
Daily flag was broken 3 days back, wonder where he got the counter trading idea from. I hope for all the debate's worth, you sold the crap outta her mal, else it'll all be for nothing!
Good luck buddy

EU:
1. http://www.forexfactory.com/showpost...postcount=4356

uptrend? you're having a laugh
Thank You
  • #194,415
  • Jan 20, 2010 12:31am Jan 20, 2010 12:31am
Quoting wormboy
lol, I know, the black dog fella.
Daily flag was broken 3 days back, wonder where he got the counter trading idea from. I hope for all the debate's worth, you sold the crap outta her mal, else it'll all be for nothing!
Good luck buddy

EU:
1. http://www.forexfactory.com/showpost...postcount=4356

uptrend? you're having a laugh
http://fxtradeinfocenter.oanda.com/o...on_ratios_beta

While we are having this discussion, it is interesting to note that >61% are long EUR, >59% are long EUR/GBP and only <43% are long GBP.
  • #194,416
  • Jan 20, 2010 12:42am Jan 20, 2010 12:42am
GBP/USD POTENTIALLY DIFFICULT CORRECTION TO A FALLING OR LOW WAVES IN THE AREA 1.57-1.58
http://www.fxclub.org/file/analyst/d...n10/funt1d.jpg
  • #194,417
  • Jan 20, 2010 12:48am Jan 20, 2010 12:48am
Quoting big_pipin
covering the last 5 pips at 6312 + 65 pips. Something tells me we're going to have a bull move soon.
glad i'm out now..who's still short?
  • #194,418
  • Jan 20, 2010 12:51am Jan 20, 2010 12:51am
i'll long at 1.6300 n the target will be 1.6365-1.6370
  • #194,419
  • Jan 20, 2010 12:55am Jan 20, 2010 12:55am
Trade Idea: GBP/USD - Buy At 1.6245

GBP/USD - 1.6384
Most recent candlesticks pattern : N/A
Trend : Near term up
Tenkan-Sen level : 1.6365
Kijun-Sen level : 1.6335
Ichimoku cloud top : 1.6131
Ichimoku cloud bottom : 1.6090
Original strategy
Buy at 1.6300, Target: 1.6450, Stop: 1.6235
New strategy
Buy at 1.6245, Target: 1.6440, Stop: 1.6180
Despite intra-day rise to 1.6459, the retreat from there to 1.6312 suggests consolidation below this resistance would take place and pullback to 1.6267 (38.2% Fibonacci retracement of 1.5957 to 1.6459) cannot be ruled out, however, 1.6208-11 (50% Fibonacci retracement and previous support) should hold, bring another upmove later. Above said resistance would extend the rise from 1.5832 to 1.6479 (61.8% Fibonacci retracement of 1.6879 to 1.5832) and possibly towards 1.6496 (61.8% projection of 1.5896-1.6357 measuring from 1.6211) but reckon resistance at 1.6516 would hold on first testing.
In view of the above analysis, still prefer to look to buy cable on pullback. Only below 1.6194 (previous resistance turned support) would signal top is in place, then fall to the Ichimoku cloud top (now at 1.6131) would follow

http://www.actionforex.com/images/st...2010011941.png

  • #194,420
  • Jan 20, 2010 1:08am Jan 20, 2010 1:08am
Quoting big_pipin
glad i'm out now..who's still short?
http://www.forexfactory.com/attachme...1&d=1263971165
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