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Cable Update (GBPUSD)

  • #194,801
  • Jan 21, 2010 2:15am Jan 21, 2010 2:15am
double bottom on hourly chart .. beware shorters ....
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  • #194,802
  • Jan 21, 2010 2:15am Jan 21, 2010 2:15am
Quoting Shad
WoW !

It Is Still Working As Nice As Possible !





Your are one of the good trader here ! Congratz friend ! I love your avatar, dreaming beside me !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #194,803
  • Jan 21, 2010 2:17am Jan 21, 2010 2:17am
Quoting earthsmate
double bottom on hourly chart .. beware shorters ....

Yeah I see that too. Let's see if it holds.
  • #194,804
  • Jan 21, 2010 2:18am Jan 21, 2010 2:18am
Quoting earthsmate
double bottom on hourly chart .. beware shorters ....
I'm unable to see any...

Will you please attach some chart here...
Don't tell me how much you can earn. Tell me how much you may lose..
  • #194,805
  • Jan 21, 2010 2:22am Jan 21, 2010 2:22am
Went long from 1.6217 because of the 200 and the 38 fib on the 1HR. Also its taking a bounce off the fib..Target at 6254..Will scale and exit out soon..
  • #194,806
  • Jan 21, 2010 2:23am Jan 21, 2010 2:23am
Quoting wormboy
Okay, it's up to you. I apologise if I came to sound a bit harsh, but the truth is always harsh.

On another note, forget the future, predicting the future is for fortune tellers (dunno bout you, but where I'm from fortune tellers are never rich! ) .
We are currency traders, or at least we try to be one. Trade the current levels my friend, that D1 is barely a few hours old, so much can happen between now and the close.
Good luck
Plenty on this FF mate.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #194,807
  • Jan 21, 2010 2:24am Jan 21, 2010 2:24am
Quoting phenix1
Yeah I see that too. Let's see if it holds.
The last H1/H4 close/open below Monthly Pivot more than 10 pips. The last bottom H1 on Jan 15, open/close less than 5 pips below Monthly Pivot ---> may difficult to stop the bearish, time will tell, I maybe wrong !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #194,808
  • Jan 21, 2010 2:27am Jan 21, 2010 2:27am
I noticed identical candle pattern..

H1 chart.
Attached Image
Patience + Discipline =
  • #194,809
  • Jan 21, 2010 2:28am Jan 21, 2010 2:28am
Here's my fortune telling attempt...
Attached Image (click to enlarge)
Click to Enlarge Name: cable.JPG Size: 111 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #194,810
  • Jan 21, 2010 2:30am Jan 21, 2010 2:30am
Quoting Bull_Bear
Here's my fortune telling attempt...
You and I have the same vision.
  • #194,811
  • Jan 21, 2010 2:31am Jan 21, 2010 2:31am
Quoting Jemmy
I noticed identical candle pattern..

H1 chart.
Attachment
Good eye Jemmy!
  • #194,812
  • Jan 21, 2010 2:32am Jan 21, 2010 2:32am
6250 served a key level of support and will act as resistance... lots of risk appetite on the US dollar lately - anybody in already? This also looks like a nice H&S
  • #194,813
  • Jan 21, 2010 2:32am Jan 21, 2010 2:32am
Quoting EliteFX
I'm unable to see any...

Will you please attach some chart here...
We were here last on the 15th.

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-01-21_082859.jpg Size: 94 KB
  • #194,814
  • Jan 21, 2010 2:32am Jan 21, 2010 2:32am
Morning all,

Nice shorts opportunity here.
I see that the 50% fib of the top 1.6294 and bottom of the current move 1.6215 lines up nicely with the level of support/resistance that we have at the 1.6254 level on the 5 minute chart, I think there is a chance of a retest of that line, although having said that we do seem to be grappling with the S1 at the moment which nicely coincides with the 23.6 of the same move...double bottoms the hourly though are of a slight concern though...so lets see if she can break it...as I type this she is now moving nicely down again!

Good luck all!
  • #194,815
  • Jan 21, 2010 2:39am Jan 21, 2010 2:39am
Quoting Ctic
You and I have the same vision.
Thats good mate ... Good to know your crystal ball tells you the same thing.

Good Luck
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #194,816
  • Jan 21, 2010 2:42am Jan 21, 2010 2:42am
Quoting staccato
Went long from 1.6217 because of the 200 and the 38 fib on the 1HR. Also its taking a bounce off the fib..Target at 6254..Will scale and exit out soon..
Out of curiosity how do you draw your fibs? I do not have any 38 fib on the 1H chart anywhere close. Actually we are approaching targets.
Attached Image (click to enlarge)
Click to Enlarge Name: test.jpg Size: 116 KB
  • #194,817
  • Jan 21, 2010 2:45am Jan 21, 2010 2:45am
Targeting 1.6100 - let your profits roll on this one - especially with the US risk appetite level this week.
  • #194,818
  • Jan 21, 2010 2:46am Jan 21, 2010 2:46am
Quoting staccato
Went long from 1.6217 because of the 200 and the 38 fib on the 1HR. Also its taking a bounce off the fib..Target at 6254..Will scale and exit out soon..
A probably nice bouncing when touches 1.6178/96 but I don't sure will break up MP 1.6241 !
Attached Image (click to enlarge)
Click to Enlarge Name: 210110a.gif Size: 83 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #194,819
  • Jan 21, 2010 2:47am Jan 21, 2010 2:47am
Poor me, I can not access fxfactory these days. It always appear: The connection has timed out
What happen to me. Wow wow.
GU down, short and take profit
Give me patience
  • #194,820
  • Jan 21, 2010 2:48am Jan 21, 2010 2:48am
gbp has broken it's H&S on H4 to down so target can be somewhere around
1.6040
Attached Image (click to enlarge)
Click to Enlarge Name: gbphs.gif Size: 33 KB
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