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Cable Update (GBPUSD)

  • #194,421
  • Jan 20, 2010 1:21am Jan 20, 2010 1:21am
Quoting sinyo79
i'll long at 1.6300 n the target will be 1.6365-1.6370

maybe but with that daily pin bar behind us make sure stop is there
Blogging daily now at www.volume.zone
  • #194,422
  • Jan 20, 2010 1:21am Jan 20, 2010 1:21am
1.644**
1.64**
1.6355**
1.6295
1.627**
1.62**
1.6135**

http://www.tradingcentral.com/chart/...0120072554.gif
  • #194,423
  • Jan 20, 2010 1:33am Jan 20, 2010 1:33am
..Good fighting
Patience + Discipline =
  • #194,424
  • Jan 20, 2010 1:40am Jan 20, 2010 1:40am
Quoting sinyo79
i'll long at 1.6300 n the target will be 1.6365-1.6370
Pardon friend let her goes to 1.6241 1st , your turn then !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #194,425
  • Jan 20, 2010 1:42am Jan 20, 2010 1:42am
Quoting Jemmy
..Good fighting
:Shake Hand:
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #194,426
  • Jan 20, 2010 1:48am Jan 20, 2010 1:48am
Any thoughts on GBP data, I have this feeling in my gut thats say some gbp weakness tonight....

Anyone agree or disagree!?!?
  • #194,427
  • Jan 20, 2010 1:57am Jan 20, 2010 1:57am
Quoting Shad
Also Good Time For Going Long On Eur/Gbp As The Cable Is Falling.

( I'm Short On Cad/Jpy , Gbp/Jpy , Gbp/Usd & Long On Eur/Gbp ).

Good Luck All !



Eur/Gbp Is Flying !

* Never Trust To Any Indicator *
  • #194,428
  • Jan 20, 2010 1:58am Jan 20, 2010 1:58am
anyone..i see triangle in weekly gu...how we trade in triangle
  • #194,429
  • Jan 20, 2010 2:02am Jan 20, 2010 2:02am
should have held on to half my short, but i got impatient.
  • #194,430
  • Jan 20, 2010 2:02am Jan 20, 2010 2:02am
London session open. Let us see what happened a few minutes next !

Another 10 pips to the target !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #194,431
  • Jan 20, 2010 2:03am Jan 20, 2010 2:03am
Alpari UK... lost my connection.. rgiht before market open... SOB!
  • #194,432
  • Jan 20, 2010 2:03am Jan 20, 2010 2:03am
Quoting manize
London session open. Let us see what happened a few minutes next !

Another 8 pips to the target !

I love days like these, makes trading easy...
  • #194,433
  • Jan 20, 2010 2:06am Jan 20, 2010 2:06am
Quoting noob
anyone..i see triangle in weekly gu...how we trade in triangle
Triangles are traded from wall to wall. They are quite easy to trade. Once they break a wall then that is usually the direction the trend will take it. Not sure if we are in a triangle since I haven't looked but that is how you trade one.
  • #194,434
  • Jan 20, 2010 2:11am Jan 20, 2010 2:11am
http://www.forexfactory.com/attachme...4&d=1263974513http://www.forexfactory.com/attachme...3&d=1263974513
Quoting Ctic
Triangles are traded from wall to wall. They are quite easy to trade. Once they break a wall then that is usually the direction thetrend will take it. Not sure if we are in a triangle since I haven't looked but that is how you trade one.
is it 4hr chart show divergence mean retracement for weekly chart heading 1.67xx..if yes how far it will retrace
  • #194,435
  • Jan 20, 2010 2:15am Jan 20, 2010 2:15am
Wow !

Look !

How Nice It's Working !!!

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD, H4_2010-01-20.jpg Size: 105 KB
* Never Trust To Any Indicator *
  • #194,436
  • Jan 20, 2010 2:18am Jan 20, 2010 2:18am
Quoting manize
:Shake Hand:
nice riding bro..

my tp 6265 was hit..

H1 seems heavily oversold..

I am waiting for the next ride, just give me signal bro..
Patience + Discipline =
  • #194,437
  • Jan 20, 2010 2:19am Jan 20, 2010 2:19am
Quoting noob
http://www.forexfactory.com/attachme...4&d=1263974513http://www.forexfactory.com/attachme...3&d=1263974513

is it 4hr chart show divergence mean retracement for weekly chart heading 1.67xx..if yes how far it will retrace
As of right now I would say no. Long term this is a downtrend in my opinion. Just because I said trade wall to wall you still have to watch other factors as it may not make it to a specific wall. Yesterday we had a real nice pinbar candle which means this should go back down. It actually bounced off the 38.2 fib lines for the daily chart and G/U pair likes the 38.2 as far as retracements. So I would look to continue the downtrend until the charts tell you differently.
  • #194,438
  • Jan 20, 2010 2:21am Jan 20, 2010 2:21am
Quoting Jemmy
nice riding bro..

my tp 6265 was hit..

H1 seems heavily oversold..

I am waiting for the next ride, just give me signal bro..

Jemmy, I too closed my shorts, I am looking for a bit of a retrace during the London session before I enter back in.
  • #194,439
  • Jan 20, 2010 2:22am Jan 20, 2010 2:22am
Quoting Shad
Wow !

Look !

How Nice It's Working !!!

Shad,

Out of curiosity, what are all the dots on your chart? is that moving supports and resistances or pivots?
  • #194,440
  • Jan 20, 2010 2:25am Jan 20, 2010 2:25am
Looks like potential H&S with base at 1.6245 will be loading up longs now.
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