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Cable Update (GBPUSD)

  • #195,801
  • Jan 25, 2010 10:29pm Jan 25, 2010 10:29pm
Quoting Tsar
Because ... The EU as a Cable, Now !
Should we short EU ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #195,802
  • Jan 25, 2010 10:33pm Jan 25, 2010 10:33pm
Quoting manize
Should we short EU ?
bro i am short eu we need a clear break of 14090
  • #195,803
  • Jan 25, 2010 10:37pm Jan 25, 2010 10:37pm
eu update
  • #195,804
  • Jan 25, 2010 10:39pm Jan 25, 2010 10:39pm
Quoting kill56
eu update
Thanks !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #195,805
  • Jan 25, 2010 10:39pm Jan 25, 2010 10:39pm
Hold long, today UK news will be good
Give me patience
  • #195,806
  • Jan 25, 2010 10:40pm Jan 25, 2010 10:40pm
sorry wronge one here u are
Attached Image (click to enlarge)
Click to Enlarge Name: eu h1.gif Size: 20 KB
  • #195,807
  • Jan 25, 2010 10:46pm Jan 25, 2010 10:46pm
EUR/USD hit harder than this GBP/USD. Which sometime really frustrate me. Its just staying there.
  • #195,808
  • Jan 25, 2010 10:48pm Jan 25, 2010 10:48pm
Quoting manize
Hi bro I need your opinion. I see the compression on H4 --> will be a huge move !
Manize,

There is very nice compression on the 4H chart which means once it breaks, there should be a very big movement. The problem is that we are in the middle of no man's land where it comes to the fibs. We have the double top on the 1H chart which could mean short and the monthly bounce on the high side with the pinbar candle at a very good retracement spot to continue the downtrend. The main thing that makes me want to go long is that we have been in this large sideways channel for months. We bounced off the bottom wall of the weekly chart and was heading back up until we got the pinbar candle. I feel we should continue upwards to the top of the channel but the charts have not confirmed that yet.

I am currently in a long position that was entered yesterday around market open. Currently I have my SL set to +85 pips so my worst case senerio is that I become flat with a profit. Then I can reanalyze from there.

Fundamentally, Bernake should get re-elected thus I feel it is bad for the USD. Stocks would most likely hold which usually has inverse correlations with the USD. I will not plan on entering any new positions until London market atm. May just look to scalp lower tf until we break the channels and triangles that we are currently in. Hope this helps.
  • #195,809
  • Jan 25, 2010 10:53pm Jan 25, 2010 10:53pm
update

i think we will complete the wave down south
Attached Image (click to enlarge)
Click to Enlarge Name: h1 cable.gif Size: 39 KB
  • #195,810
  • Jan 25, 2010 10:54pm Jan 25, 2010 10:54pm
Quoting Ctic
Manize,

There is very nice compression on the 4H chart which means once it breaks, there should be a very big movement. The problem is that we are in the middle of no man's land where it comes to the fibs. We have the double top on the 1H chart which could mean short and the monthly bounce on the high side with the pinbar candle at a very good retracement spot to continue the downtrend. The main thing that makes me want to go long is that we have been in this large sideways channel for months. We bounced off the bottom wall of the weekly chart...
One last thing I noticed on daily chart. We appear to have a master candle and are now forming inside candles. We may be in this small narrowing channel for a few days (I hope not but possibility). If that is the case, I will be stopped out at my SL as mentioned above.
  • #195,811
  • Jan 25, 2010 10:57pm Jan 25, 2010 10:57pm
pon pon!!

how about G/U today ek..?
  • #195,812
  • Jan 25, 2010 11:05pm Jan 25, 2010 11:05pm
room any body tried this indi need some info it dos look promising
Attached Image (click to enlarge)
Click to Enlarge Name: h1 cable.gif Size: 28 KB
  • #195,813
  • Edited 11:27pm Jan 25, 2010 11:10pm | Edited 11:27pm
Quoting Ctic
One last thing I noticed on daily chart. We appear to have a master candle and are now forming inside candles. We may be in this small narrowing channel for a few days (I hope not but possibility). If that is the case, I will be stopped out at my SL as mentioned above.
Thank you ! Second on it ! I think still up to perform perfectly compression before reversed huge down ! The next major support is 1.6185/199 ! Easy to be understood if 1.6185 is broken ---> down ! If broken up 1.6216 again up !

I don't talk about tomorrow ( long term) trend, currently the unknown area is 1.6185 - 1.6216, go beyond on H4 ( London session open) we'll see the major trend for today !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #195,814
  • Jan 25, 2010 11:16pm Jan 25, 2010 11:16pm
Cable Rejected.... This was a nice short... Too bad I did not take it in an effort to not overtrade... Welp

DAMN rules....... !

"fibre" range all day then break.. Seems all breaks being heavily sold. Yet,

Cable, could be gaining momentum to break resistance @ 6265 area of rejection.

Edit: I am studying ichimoku clouds, etc. It seems through some research that if 6400 is breached within the next few days we will resume up trend on cable to possibly RE- test 6700 / 6800 breaking above/into cloud..

Any thought?
Thanks!

Flat. Looking. Thinking.

LDN, sparks?

GL to all!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #195,815
  • Jan 25, 2010 11:17pm Jan 25, 2010 11:17pm
Folks the GBP/USD is connected to the USD/JPY witch is connected to the GBP/JPY which finally circles around to the GBP/USD again.

How can they ALL GO DOWN TOGETHER? Isn't that breaking the laws of the universe or something? It's suppose to be like a see-saw - one goes down and the other goes up.

Can someone explain this to me?
  • #195,816
  • Jan 25, 2010 11:22pm Jan 25, 2010 11:22pm
Quoting kill56
room any body tried this indi need some info it dos look promising
Can you kindly post your indicator? Looks good.
  • #195,817
  • Jan 25, 2010 11:29pm Jan 25, 2010 11:29pm
here u go bro try it on a demo
Attached File(s)
File Type: mq4 POUND_SOLUTIONS.mq4   55 KB | 292 downloads
  • #195,818
  • Jan 25, 2010 11:35pm Jan 25, 2010 11:35pm
Quoting kill56
here u go bro try it on a demo
Thanks bro!
  • #195,819
  • Jan 25, 2010 11:35pm Jan 25, 2010 11:35pm
Quoting PipVip
Folks the GBP/USD is connected to the USD/JPY witch is connected to the GBP/JPY which finally circles around to the GBP/USD again.

How can they ALL GO DOWN TOGETHER? Isn't that breaking the laws of the universe or something? It's suppose to be like a see-saw - one goes down and the other goes up.

Can someone explain this to me?
The GBPJPY is GBPUSD X USDJPY
Thank You
  • #195,820
  • Jan 25, 2010 11:36pm Jan 25, 2010 11:36pm
Quoting PipVip
Folks the GBP/USD is connected to the USD/JPY witch is connected to the GBP/JPY which finally circles around to the GBP/USD again.

How can they ALL GO DOWN TOGETHER? Isn't that breaking the laws of the universe or something? It's suppose to be like a see-saw - one goes down and the other goes up.

Can someone explain this to me?

thats what we call market static, in other words brokers and banks taking out SL's and being banks, taking your money at a vulnerable time. London session is closed, and no significant news sigs are out
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