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Cable Update (GBPUSD)

  • #194,721
  • Jan 20, 2010 10:02pm Jan 20, 2010 10:02pm
Time to short now....

any comment?
  • #194,722
  • Jan 20, 2010 10:11pm Jan 20, 2010 10:11pm
Quoting tomie

pon pon!!
dont play2 maa...
dont speak malay
just speak in english jer la...
wow!! master tomie also can speak malay???...i thought u from london
  • #194,723
  • Jan 20, 2010 10:13pm Jan 20, 2010 10:13pm
This was one of the most wild news releases I have seen for a while.

Today,

EUR/USD sentiment was to the short side. Struggles with Greece's Credit etc.
GBP/USD Seems to be consolidating as well as dragon
--- Cable off new highs. Yes 6250 is the level of interest right now.

Support. As well as potential Long and potential further short.
Bears should be happy with tonight. Don't push it though.

Cable had been gaining until high and now seems to be correcting, consistent north TL direction may be compromised, yet I am doubting it. 0
Higher lows and lower highs. Range decreasing. Discounting tonights news.

Bankers are buying cable instead of fibre, Cadbury deal has some to do with this as well as reduced risk.

If the lower TL and 6250 are breached and sustained I will be looking to set up a short w/ TP 1 around 6100 and further old resistance area @ .60

Now, On the flipside. If the TL is not breached TP 1 6500 long.

Watching out for break north in Aussie and Fibre.

Currently - Long Aussie/USD @ 9105
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #194,724
  • Jan 20, 2010 10:15pm Jan 20, 2010 10:15pm
Quoting yinbyungheon
wow!! master tomie also can speak malay???...i thought u from london
i saw saw....kak ivy was here.......ye ke??
  • #194,725
  • Jan 20, 2010 10:17pm Jan 20, 2010 10:17pm
Quoting malcolmb14
only half position but half off and stop be other half ...

if i had of had full position I could have hahd fries with my Big Mac ... darn

You're save. We're in asia. Plus that pennant is holding... Even the hourly is sleeping with the bears.
A. Finesse Williams Making Millions One Pip At A Time!
  • #194,726
  • Jan 20, 2010 10:20pm Jan 20, 2010 10:20pm
hi all. I m new here.. I still try demo account.. and "cable" is my favourite currency..

but I still cant read chart well..and always make mistakes when opening position... then my loss is bigger then my profit.. can someone give some advice how to trade well in cable?
  • #194,727
  • Jan 20, 2010 10:20pm Jan 20, 2010 10:20pm
Quoting tomie
i saw saw....kak ivy was here.......ye ke??
wrong number...maybe the pelanduk two same...
  • #194,728
  • Jan 20, 2010 10:23pm Jan 20, 2010 10:23pm
Hi Guys,

I was looking at weekly GU chart to make sense out of this mess...I know we have all been waiting for some serious down move w/ 1.57, 1.53, etc on the list, but the PA has been dizzying this week....So

Draw fib on weekly chart from the bottom of the chart (2008 low) to last years high at 1.7036....

1. It took PA to hit the 23.6 fib 3 weeks and the PA went south approx (1.7036-1.6150=886 pips)...[Although it went a little bit lower next week and we can say that we moved 900+ pips overall to hit 23.6 fib]...

2. After that PA retracted for the next two weeks to 1.6734 and in 7 weeks in total (including the previous two weeks of up move that I mentioned) after retracting to 23.6 fib, we hit the 38.2 fib level at 1.5692 ...(Total move= 1.6734-1.5692=1042 pips )...approx. 1050 pips...

Question: look at 3 and 7 (weeks ) figure ...when do you expect the retraction to 50% fib to happen?...

I was just looking at weekly chart and just as a conjecture tried to find a relation between 3, 7 and as the next number of the weeks...I tried (2n+1), where n corresponds to the previous number of weeks...So I thought if there is anything to go down, it should happen in 15th week after hitting the 38.2 fib...

and guess what/...It works just fine...i.e., we have spent 14 weeks after hitting 38.2% fib to come to this point and next week (corresponding to the 15th week) and if you look at the magnitude of the down moves for the first two major moves (900 for the first one and 1050 for the second one), I guess the third one should be a more violent one compared to the previous ones...something more than 1050 pips....I know the idea of GU moving over 1000 pips in a week sounds weird, but just take a look at what EU did today....this move, if it happens, will definitely take us to 1.57 first and to 1.53 after that....

Just a thought...You are very welcomed to say a COMPLEX one....
  • #194,729
  • Jan 20, 2010 10:31pm Jan 20, 2010 10:31pm
My score sheet:
D-3 ~ BULLS 5 : 2 BEARS
D-2 ~ BULLS 6 : 1 BEARS
D-1 ~ BULLS 4 : 3 BEARS
D ~ BULLS 4 : 3 BEARS

Conclusion:
Bears made progress with lower high lower low candle, but bulls not yet surrender..
Today wait & see..
waiting for major move..

Attached Image
Patience + Discipline =
  • #194,730
  • Jan 20, 2010 10:42pm Jan 20, 2010 10:42pm
Quoting yinbyungheon
wrong number...maybe the pelanduk two same...
pelanduk 2 same
kapak semakin tajam
  • #194,731
  • Jan 20, 2010 10:44pm Jan 20, 2010 10:44pm
Quoting Fusion
Hi Guys,

I was looking at weekly GU chart to make sense out of this mess...I know we have all been waiting for some serious down move w/ 1.57, 1.53, etc on the list, but the PA has been dizzying this week....So

Draw fib on weekly chart from the bottom of the chart (2008 low) to last years high at 1.7036....

1. It took PA to hit the 23.6 fib 3 weeks and the PA went south approx (1.7036-1.6150=886 pips)...[Although it went a little bit lower next week and we can say that we moved 900+ pips overall to hit 23.6 fib]...

2. After that PA...
It came 100 pips shy of it on the monthly. That seems to be the fib the bankers are banking on.
A. Finesse Williams Making Millions One Pip At A Time!
  • #194,732
  • Jan 20, 2010 10:46pm Jan 20, 2010 10:46pm
Quoting Jemmy
My score sheet:
D-3 ~ BULLS 5 : 2 BEARS
D-2 ~ BULLS 6 : 1 BEARS
D-1 ~ BULLS 4 : 3 BEARS
D ~ BULLS 4 : 3 BEARS

Conclusion:
Bears made progress with lower high lower low candle, but bulls not yet surrender..
Today wait & see..
waiting for major move..

Attachment
What tf are you basing this on?
A. Finesse Williams Making Millions One Pip At A Time!
  • #194,733
  • Jan 20, 2010 10:47pm Jan 20, 2010 10:47pm
Quoting aswilled
What tf are you basing this on?
DAILY..
Patience + Discipline =
  • #194,734
  • Jan 20, 2010 10:49pm Jan 20, 2010 10:49pm
Quoting damonl
Magix...your post was way out of line. I have come here to learn how to read charts long term as I struggle with that. However, I trade very well on the 1M chart.

Your vouchers should be taken from you immediately...all of them. However, they do not give us the ability to put a voucher against someone or you would have gotten one from me.

Here is the best I can do for some of todays trades.

How do they say it...Read'em and weep.

Good night...I have trading to do....Game over

Attachment
Actually, my post was not out of line, and your chart proves it.

There is no mythical 20 up and then 10 down for your pizza run on here, maybe I wasn't looking closely enough, or maybe I was right, and you are full of shit.

Like it matters to me that you made money today? Good on ya.

Quoting damonl
Actually 20, and then 10 back...couldn't you tell the GU would go no farther and come back...I could
But don't come around spinning garbage about having a new meaning for break out being stall and come back down. Moron.

Quoting damonl
Depends what you are breaking out...I have given it a new definition

P.S. while I was getting pizza I as set for the move back for more pips.

you guys study charts all day, I just trade
You claim to come here to study charts and then throw in a little insult saying that we just study charts while you trade....

Pick a side, the more you speak the more you discredit yourself, and end up looking even more like an ass then you did on your new definition for breakout rant.

Listen scooter, we all make mistakes...When you do, nobody cares, but when you come back and start talking smack it really does nothing for nobody. You end up looking like a child whose mommy took away his pudding for not eating his peas.

Of course this is a public forum, so you are free to post whatever you want, but when the bullshit is this blatant, don't expect it to go unnoticed.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #194,735
  • Jan 20, 2010 10:54pm Jan 20, 2010 10:54pm
Quoting Jemmy
DAILY..
DO you see the pennant?
A. Finesse Williams Making Millions One Pip At A Time!
  • #194,736
  • Jan 20, 2010 11:13pm Jan 20, 2010 11:13pm
Quoting aswilled
DO you see the pennant?
did you mean narrowing triangle?
in daily i couldn't see..
please help me..
Patience + Discipline =
  • #194,737
  • Jan 20, 2010 11:15pm Jan 20, 2010 11:15pm
Quoting Magix
Actually, my post was not out of line, and your chart proves it.

There is no mythical 20 up and then 10 down for your pizza run on here, maybe I wasn't looking closely enough, or maybe I was right, and you are full of shit.

Like it matters to me that you made money today? Good on ya.



But don't come around spinning garbage about having a new meaning for break out being stall and come back down. Moron.



You claim to come here to study charts and then throw in a little insult saying that we just study charts while you trade....

Pick...
Dude...grow up.
"Keep your eyes on the helpers" - Mr. Rogers
  • #194,738
  • Jan 20, 2010 11:18pm Jan 20, 2010 11:18pm
Quoting damonl
Dude...grow up.
Dude, point out your Mythical Unicorn Pizza Pips.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #194,739
  • Jan 20, 2010 11:21pm Jan 20, 2010 11:21pm
Here ypoyou go...it's clearer in this TF. Check out the 200 MA (green line) We'll have to wait.
Any opinion?
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 70 KB
  • #194,740
  • Jan 20, 2010 11:22pm Jan 20, 2010 11:22pm
Quoting wormboy
Privet,
to the pip no?

Earlier:
1. http://www.forexfactory.com/showpost...stcount=194533

Wouldn't be surprising 6165 level being tested soon tbh.
Right, it'll be really surprising indeed if 6165 dont get tested now that the flag is broken. Ltl @6200 level seems to in the way tho, but should london resume selling I doubt that level would be much of a problem.
Time will tell. Still selling for now
Attached Image (click to enlarge)
Click to Enlarge Name: guh1.JPG Size: 70 KB
Thank You
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