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Cable Update (GBPUSD)

  • #196,141
  • Jan 26, 2010 6:47pm Jan 26, 2010 6:47pm
wooooaaah, go down already dammit!
  • #196,142
  • Jan 26, 2010 6:48pm Jan 26, 2010 6:48pm
Quoting damonl
k...the moment of truth, I think we are starting to consloidate on the 1M....Higher lows and lower highs starting to show up. Are you getting ready for the next break out..... will it wait for London?


I might be in bed before it happens...heck, I still have all day tomorrow for this


don't leave your short to get sleep damon...,if the price 'sleep' too and not touch you SL.., what will happen??
I will be the number one Manager.
  • #196,143
  • Jan 26, 2010 6:49pm Jan 26, 2010 6:49pm
as u can see... for the past few candles... the bollinger bands (in green) have not been brokenz...

so it ranging within these price range...
Attached Image (click to enlarge)
Click to Enlarge Name: damonl.gif Size: 34 KB
  • #196,144
  • Jan 26, 2010 6:50pm Jan 26, 2010 6:50pm
Quoting witsnpips
wooooaaah, go down already dammit!
not a big deal, you should not be risking more than .02% per 1st trade of your scalp.....quantity not quality.......just like I like my women

Just don't tell that to my wife I said this or it will be nothing, but GbpUsd is my girlfriend and they are a dime a dozen.
"Keep your eyes on the helpers" - Mr. Rogers
  • #196,145
  • Jan 26, 2010 6:51pm Jan 26, 2010 6:51pm
Quoting Blacknightz
as u can see... for the past few candles... the bollinger bands (in green) have not been brokenz...

so it ranging within these price range...
so, what is your bias.. long or short?
"Keep your eyes on the helpers" - Mr. Rogers
  • #196,146
  • Jan 26, 2010 6:52pm Jan 26, 2010 6:52pm
Quoting damonl
nice...handle your mm right and you will win nearly every time
lol yeah! btw, love your subtitle!
  • #196,147
  • Jan 26, 2010 6:52pm Jan 26, 2010 6:52pm
Tomorrow FOMC statement, so traders are sitting on the side to see what comes out of that before risking any money.
  • #196,148
  • Jan 26, 2010 6:53pm Jan 26, 2010 6:53pm
Hello.....
Here is my GBPUSD analysis:

GBP/USD
WEEK

http://www.2targetsmethod.com/images...9/image001.jpg

There are no changes over last week. We see an uptrend. The first target along the trend almost coincides with the strong reversal level 8/8. The price is in the upper trading range. After hitting level 7/8 there is a good chance of reaching T1. A reversal from level 8/8 is also possible.

GBP/USD
DAY
http://www.2targetsmethod.com/images...9/image012.jpg



This is a downtrend. There are no targets along the trend. The price has reached a strong reversal level 0/8 which is significant on weekly charts. There is a high possibility of the trend’s reversal from the oversold area.

GBP/USD
240
http://www.2targetsmethod.com/images...9/image003.jpg


We can see a downtrend. On the way to the target there is a strong reversal level 2/8 which is significant on a senior time frame. The price is in the upper trading range. After hitting level 2/8 the price may reach target T1.
  • #196,149
  • Jan 26, 2010 6:53pm Jan 26, 2010 6:53pm
Quoting javapips
don't leave your short to get sleep damon...,if the price 'sleep' too and not touch you SL.., what will happen??
Good point my friend ... just closed my short in profit.... man this is exhausting work... and my wife says I just hang out in my office.. she has another think coming
"Keep your eyes on the helpers" - Mr. Rogers
  • #196,150
  • Jan 26, 2010 6:58pm Jan 26, 2010 6:58pm
Quoting damonl
so, what is your bias.. long or short?


at the moment... cant tell...

the green line is still goin sideways... if it breaks (splits up) in the directionit was going, say downwards, then it is short... if still reamain sideways, then it will continue to range within these floor and ceiling area...

hope u sort of catch the drift... hope it juz add to ur already great knowledge of forex...

urs have been by far far superior than minez..
  • #196,151
  • Jan 26, 2010 7:00pm Jan 26, 2010 7:00pm
Quoting witsnpips
lol yeah! btw, love your subtitle!
Thanks...that was a great movie...

I still can't believe I downloaded the subtitles so I could talk back to a movie screen, but hey? what else was I going to do...let others have all the fun?

Have you see the movie?
"Keep your eyes on the helpers" - Mr. Rogers
  • #196,152
  • Jan 26, 2010 7:01pm Jan 26, 2010 7:01pm
Quoting Blacknightz
at the moment... cant tell...

the green line is still goin sideways... if it breaks (splits up) in the directionit was going, say downwards, then it is short... if still reamain sideways, then it will continue to range within these floor and ceiling area...

hope u sort of catch the drift... hope it juz add to ur already great knowledge of forex...

urs have been by far far superior than minez..
Thanks, but please...I have been where you are... I think

I ma just having fun now....still reading everyones chart and playing accordingly...just having fun
"Keep your eyes on the helpers" - Mr. Rogers
  • #196,153
  • Jan 26, 2010 7:07pm Jan 26, 2010 7:07pm
All right folks... I am sure your regularly scheduled long range traders will be in for tonight session...I am done for now. Here is my narrowing wedge for GbpUsd on the 1M chart.

Enjoy and green pips everyone..... see you all back here later

My bias as of now is still short, but hey, it is the 1M chart, so that could change at any moment, and I have a longer term trade open as a result. Good Luck All!!!!!

Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 22 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #196,154
  • Jan 26, 2010 7:11pm Jan 26, 2010 7:11pm
No, we do not. The GVMT likes to F-things up though, Just like Obama tanked the Equities market recently...
Tomorrow there is a speech... Yikes. ( The State of the Union.)
Plus we are not the CFTC!!!

If 10:1 Goes into play the people in GVMT and the CFTC will have made one of the worst monetary decisions in, well, a short time.

Retail FX in the US will virtually DRY UP. All the accounts will go overseas to the UK first... Jobs, More Jobs, lost, taxes not collected...
Who would trade with 10:1 and increased margin Reqs??

Can't say I blame you but, we are not in favor of that!!!
Good Luck, Where did you swap to?

Quoting Freddyfx
Ahh, that 10:1 stuff is the drop that made my bucket overflow.

Already eliminated my US trading account and moved to an UK based one, now all options are again available that I had to omit before.

What is wrong with the Americans, do they REALLY think they own the world while not even being able to manage their own problems?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #196,155
  • Jan 26, 2010 7:20pm Jan 26, 2010 7:20pm
Just noticed something on the 5M chart,

A diamond on the 5M chart is something I have never seen before. I wonder how big a move can come out of it?

Well, here it is for our viewing pleasure

Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 26 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #196,156
  • Jan 26, 2010 7:31pm Jan 26, 2010 7:31pm
Quoting damonl
Just noticed something on the 5M chart,

A diamond on the 5M chart is something I have never seen before. I wonder how big a move can come out of it?

Well, here it is for our viewing pleasure

Attachment
200 pips or more diamon...,any body want it?? just buy it in department store before 'run out'...,hurry..,hurry...,
I will be the number one Manager.
  • #196,157
  • Jan 26, 2010 7:34pm Jan 26, 2010 7:34pm
Thanks for posting the diamond! I was wondering the same thing...

Cable range basically unscalpable ATM. We need a break.
Dragon continually rejected @ 144.80 Area of resistance.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #196,158
  • Jan 26, 2010 7:34pm Jan 26, 2010 7:34pm
Morning all ! My platform today is :

1. DP Today 1.6166
2. Unknown area 1.6175 - 1.6135

If next H1/H4 open / close below 1.6135 may go down with the 1st target 1.6066/100 !

I maybe wrong
Attached Image (click to enlarge)
Click to Enlarge Name: 270110.gif Size: 80 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #196,159
  • Jan 26, 2010 7:45pm Jan 26, 2010 7:45pm
This is the weirdest pattern.

Dr. D.
Attached Image
  • #196,160
  • Jan 26, 2010 7:49pm Jan 26, 2010 7:49pm
Quoting damonl
Thanks...that was a great movie...

I still can't believe I downloaded the subtitles so I could talk back to a movie screen, but hey? what else was I going to do...let others have all the fun?

Have you see the movie?
Hi bro did you still hold short from 1.6160 ? If still !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
499 traders viewing now