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Cable Update (GBPUSD)

  • #196,761
  • Jan 28, 2010 4:23pm Jan 28, 2010 4:23pm
I will say one thing.
Today is Friday. and the last Friday of the month.
back to your chart and see what happened last Friday in every month.

Happy pips for ALL.
  • #196,762
  • Jan 28, 2010 4:47pm Jan 28, 2010 4:47pm
what I see?
The price may retrace to DP @1.6173 and see the chart.
Remember : anything can happen.
Good Luck.
Attached Image (click to enlarge)
Click to Enlarge Name: h4.gif Size: 40 KB
  • #196,763
  • Jan 28, 2010 5:22pm Jan 28, 2010 5:22pm
this could be ascending triangle
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Click to Enlarge Name: gbpusd.gif Size: 9 KB
  • #196,764
  • Jan 28, 2010 5:40pm Jan 28, 2010 5:40pm
http://www.dailyfx.com/dailyfxplus/i...ing_Flips.html
Don't tell me how much you can earn. Tell me how much you may lose..
  • #196,765
  • Jan 28, 2010 5:46pm Jan 28, 2010 5:46pm
Quoting EliteFX
http://www.dailyfx.com/dailyfxplus/i...ing_Flips.html
it says:
=================================================

GBPUSD - The ratio of long to short positions in the GBPUSD stands at 1.11 as nearly 53% of traders are long. Yesterday, the ratio was at -1.13 as 53% of open positions were short. In detail, long positions are 15.6% higher than yesterday and 15.0% stronger since last week. Short positions are 7.4% lower than yesterday and 22.8% weaker since last week. Open interest is 3.4% stronger than yesterday and 5.1% below its monthly average. The SSI is a contrarian indicator and signals more GBPUSD losses.


===============================================
  • #196,766
  • Jan 28, 2010 5:55pm Jan 28, 2010 5:55pm
I don't know guys, I don't see any bullish strenghth in todays daily bar. I expected yesterday was up, but I don't see it happening again. If todays close would happen above yesterdays open, then yes, but I would doubt we will see much upward movement today at all.

Good R/R for a tight stop and potential huge gains.

Still thinking, but in the mean time scalping

Green Pips Everyone
"Keep your eyes on the helpers" - Mr. Rogers
  • #196,767
  • Jan 28, 2010 6:02pm Jan 28, 2010 6:02pm
Quoting damonl
I don't know guys, I don't see any bullish strenghth in todays daily bar. I expected yesterday was up, but I don't see it happening again. If todays close would happen above yesterdays open, then yes, but I would doubt we will see much upward movement today at all.

Good R/R for a tight stop and potential huge gains.

Still thinking, but in the mean time scalping

Green Pips Everyone
Boy..this is close. I still have to believe all the bulls are out, but because I am uncertain, I will just have to play my charts and not guess a direction

I am almost considering short with a 25 pip stop for a long term trade
"Keep your eyes on the helpers" - Mr. Rogers
  • #196,768
  • Jan 28, 2010 6:04pm Jan 28, 2010 6:04pm
damonl... did u miss the south train a few hours ago?
  • #196,769
  • Jan 28, 2010 6:06pm Jan 28, 2010 6:06pm
Quoting Blacknightz
damonl... did u miss the south train a few hours ago?

yes, I just woke up on the 15M bar it started on, and then couldn't scalp til the bottom, but still got 50 pips or so. Pretty much a boring day for me...unlike yesterday which was rockin for me. Once again though my specialty is missing those trades and scalping all day long....It was a very greedy market all day right from asian session and so I did not make a trade from about 5PM yesterday, but that does not bother me a bit
"Keep your eyes on the helpers" - Mr. Rogers
  • #196,770
  • Jan 28, 2010 6:10pm Jan 28, 2010 6:10pm
Quoting hnosair
it says:
=================================================

GBPUSD - The ratio of long to short positions in the GBPUSD stands at 1.11 as nearly 53% of traders are long. Yesterday, the ratio was at -1.13 as 53% of open positions were short. In detail, long positions are 15.6% higher than yesterday and 15.0% stronger since last week. Short positions are 7.4% lower than yesterday and 22.8% weaker since last week. Open interest is 3.4% stronger than yesterday and 5.1% below its monthly average. The SSI is a contrarian indicator and signals more...
this is a contrary indicator. it means that the price will go south.
  • #196,771
  • Jan 28, 2010 6:13pm Jan 28, 2010 6:13pm
I don't know...I put a .25% on a short with a SL at 1.6170 ..I think 1.6150 will hold If I get up 40 pips or so I will probably go to B/E+1, and let the profit run..If this happens, should easily see 300 pips profit or more.

Back to my regularly scheduled scalping....of which I am short biased
"Keep your eyes on the helpers" - Mr. Rogers
  • #196,772
  • Jan 28, 2010 6:21pm Jan 28, 2010 6:21pm
Quoting Blacknightz
damonl... did u miss the south train a few hours ago?
Where do you live BN..I am in Central time U.S.

If I stay up for London, I feel like shit all day, which is why I learned to scalp...no desire to trade London.
"Keep your eyes on the helpers" - Mr. Rogers
  • #196,773
  • Jan 28, 2010 6:22pm Jan 28, 2010 6:22pm
Quoting damonl
yes, I just woke up on the 15M bar it started on, and then couldn't scalp til the bottom, but still got 50 pips or so. Pretty much a boring day for me...unlike yesterday which was rockin for me. Once again though my specialty is missing those trades and scalping all day long....It was a very greedy market all day right from asian session and so I did not make a trade from about 5PM yesterday, but that does not bother me a bit


the correction took place.... but if u read a couple of posts back... another south train is comingz soon... so ur short bias will not be a dream anymorez...
  • #196,774
  • Jan 28, 2010 6:24pm Jan 28, 2010 6:24pm
Quoting Blacknightz
the correction took place.... but if u read a couple of posts back... another south train is comingz soon... so ur short bias will not be a dream anymorez...
I did read some selective posts, but not many pictures today...glad others feel the same way
"Keep your eyes on the helpers" - Mr. Rogers
  • #196,775
  • Jan 28, 2010 6:42pm Jan 28, 2010 6:42pm
Quoting damonl
Where do you live BN..I am in Central time U.S.

If I stay up for London, I feel like shit all day, which is why I learned to scalp...no desire to trade London.


im in GMT +8.... so that would put me in fine Singapore...
  • #196,776
  • Jan 28, 2010 6:52pm Jan 28, 2010 6:52pm
Quoting damonl
I don't know...I put a .25% on a short with a SL at 1.6170 ..I think 1.6150 will hold If I get up 40 pips or so I will probably go to B/E+1, and let the profit run..If this happens, should easily see 300 pips profit or more.

Back to my regularly scheduled scalping....of which I am short biased
Same View.
see it.
http://www.forexfactory.com/showpost...stcount=196767
  • #196,777
  • Jan 28, 2010 6:55pm Jan 28, 2010 6:55pm
Quoting Baby-Trader
Same View.
see it.
http://www.forexfactory.com/showpost...stcount=196767
Yes my friend, I did see your picture earlier as well. I think it will be a good call. Please keep posting your stuff. I can scalp, long term trading should be easy right?

But seriously, I do enjoy your posts
"Keep your eyes on the helpers" - Mr. Rogers
  • #196,778
  • Jan 28, 2010 6:58pm Jan 28, 2010 6:58pm
Quoting Blacknightz
im in GMT +8.... so that would put me in fine Singapore...
Welcome and good to know you Blacknightz from fine Singapore. You are in a good spot for Asian and London open.

Many Green Pips to you my friend
"Keep your eyes on the helpers" - Mr. Rogers
  • #196,779
  • Jan 28, 2010 7:02pm Jan 28, 2010 7:02pm
Quoting damonl
Yes my friend, I did see your picture earlier as well. I think it will be a good call. Please keep posting your stuff. I can scalp, long term trading should be easy right?

But seriously, I do enjoy your posts
Thanks Man.
I do enjoy your posts too.

Happy Pips.
  • #196,780
  • Jan 28, 2010 7:04pm Jan 28, 2010 7:04pm
waitingz for a nice top to short...

TP S1 @ 1.6073
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