Cable Update (GBPUSD)

Baby, your avatar scares me

lol i said that for 1,2 years my frined i trade what i see not what expect next year

Price over the past few days has been battling between the Daily Upswing .618 @ 1.6107 and the Downswing .500 @ 1.6266. Today we finally saw the bears take control and break out south. I will be looking to see if price bounces on support @ 1.5892 area which is between the Downswing T1 and T2. Market Sentiment on the Daily TF has now shifted to bearish once the Upswing .618 fails.

Shouldn't give the 5m (1m) all the credit for the compression
and release.... they're only being subservient currently to the
4h which had formed nicely and was in need of a trigger.

That being said, this could push further down thru the .0000
barrier with enough energy like it did last time on 12/07. Then
it wasn't in as tight a formation and still moved 700+ pips.

I'd rather see it move back up again to assist the daily in
maintaining it's compression and further gathering for a big
explosion. The daily is still at around 28 pips separation on
the 6 larger EMA's but also starting to scatter.

Dr. D.

If I trade what I see win, and also if I trade what I expect I also win.

Let's see the reaction in the Buy Area.

If breaks 1.6012 ---> no more short untill the closing time --> goes close to 1.6035 !

I think if today zigzag closes line to down on D1, next monday we see up trend. if no - waiting close zigzag

Move of the day has been done for now...

Next steps will be a corrective consolidation activity range...

By the way we have seen 76.4 % Fibo retrace of the whole move from 1.5833 (End of December) up towards last interim High at 1.6457 (print on 19. January) thats all...

And Monday we will see a new set of cards on desks...

This is not a one way road...

Just interesting to see where there will be a weekly and monthly closing price at least...

Then we can calculate the new setup ranges...


For now - only tweezers pips range left - if there is no late hours short squeeze (unlikely from now on - as NY market too tiny in FX turnover)...



;-)

First week of Feb I see a strong momentum to 1.57.
Second Week retest to 1.60 then 1.53 by end of Feb.

Maybe right , Maybe wrong.

Trade Idea 29-01-2010: GBP/USD - Sell At 1.6110

GBP/USD - 1.6050
Most recent candlesticks pattern : N/A
Trend : Sideways
Tenkan-Sen level : 1.6156
Kijun-Sen level : 1.6156
Ichimoku cloud top : 1.6268
Ichimoku cloud bottom : 1.6224
New strategy
Sell at 1.6110, Target: 1.5970, Stop: 1.6175
The British pound finally dropped below indicated support at 1.6077 on dollar's strength partly due to the release of better-than-expected U.S. GDP data, confirming a downside break of the 1.6077-1.6285 range has taken place and the decline from 1.6459 may extend to 1.6000 and possibly towards 1.5950/60, however, oversold condition should prevent sharp fall below 1.5895/96 (100% projection of 1.6459 to 1.6077 measuring from 1.6277 and previous support level) today and bring rebound probably next week.
In view of this, we are looking to sell cable on recovery as the convergence of Tenkan-Sen and Kijun-Sen (now both at .6156) should cap sterling's upside. A sustain breach of these two lines would suggest low is possibly formed and risk test of the Ichimoku cloud bottom (now at 1.6224) but break of resistance at 1.6277-85 is needed to confirm the decline from 1.6459 is over.

This is already night son,my honey...and before you sleep i will tell you a story...now get some relax and enjoy it...

this story is about a rich man and his slaves...

you want to be a 'rich man' honey?? sure you are...,but don't be like him..cos he is soooo cruel....some time he call his slaves 'dogy'..,and remember, never ever do that to some one, that's bad honey....

so the story begin when the rich man come back from his trip..he is a trafficker..you know what is that, he bring out some stuff from his country and sell it to other country...,well, that's a hard work honey...so it's not a surprise if he get rich and bring so much money to the home, cos he really-really a hard worker...

i'll continue my story, in the way back home he forget that time already night and the sky getting dark and dark...
he still far enough from the nearest city and guess what,
bad luck...
he doesn't have lamp or candle or a kind like that to light his way......,
he can't see anything...he is so scared because he doesn't know the way, he can't see....
it is possible that infront of him there is a deep valley, or maybe a cold cold river cos it is still winter.... and he can fall into that, lose all money or even his life too...

now he is in trouble...




so he quiet and thinking, how he can get out from this situation...,
.............................................

he has nothing, except money (much much money), and his slaves...
............................

and after a while he has an idea...

"how ? "

so this is what he did...

he try to find a small money from his pocket, a coin..the smalest one.,and he throw that coin to the ground in front of him..., and guess what happen....

his slaves get scramble to get that money...,

so it is a sign for him (the rich man)... if his Dogy (slaves) getting louds and barked happy, so that ground must be a safe place, not a valley nor a cold river...and he move a step into that place....... so clever, right?

he do that all the way to the home.... he safe his money and also his Life...,


"so how about if after he throw his coin there is no sound from the 'Dogy' ?"

that easy honey...,the dogy may fall into the valley and already die...,

"so cruel...,"

that's true honey...so cruel...,

"so the rich man must have many-many-many coin to do that..his home still far away..."

no honey...some time not....

you know how a Dog is....like mostly dog, when their master throw some thing, they will run so fast to get it...,after he got and play a while with that stuff, they will bite with their mouth and run to their master and give it back..., always like that honey....

don't ask me why dogs do that honey..,i don't know, maybe it's just dogs nature...


ok...thats all the story and i hope you learn something from that....

honey..this is already midnight, you have to get some sleep now..., i hope you remember this story till you old and so letter you can tell the same story to your grand grand child too...






note : i heard that some one here still waiting for a new born. congrat bro...,be a good father..., hope the best for you and family

this is a copy from actionforex.com isn't it?
So what? I didn't understand???

way to Rack up those pips

Yes - I agree on that ...

obviously you was reporting about GU in H4 timeframe...

would be nice if you had mentioned that...

yes. for anybody

Very interesting.

He has a lot of dogs

hi all

green pips for all

http://im8-tub.yandex.net/i?id=125633802&tov=8 http://im8-tub.yandex.net/i?id=77650949&tov=8http://im5-tub.yandex.net/i?id=19739779&tov=5
http://im0-tub.yandex.net/i?id=173808714&tov=0
Where are you, baby?

http://im4-tub.yandex.net/i?id=34245222&tov=4



Where are you, baby-trader?