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Cable Update (GBPUSD)

  • #201,961
  • Feb 25, 2010 3:52pm Feb 25, 2010 3:52pm
Quoting stallionez
Incidentally, once we get the confirmation of long, then we will rally up to 11th Marcc.

Thats my next cycle high!
Posting a target or perhaps a chart would go a long way. But, if you think we are going bull just because we have seen enough bear...well, I really don't see it on my charts.

So far, what we have seen is Sell, Fill, Sell, Fill, Sell, Fill....

Going off the longer charts, the weekly shows that we are still in early stages of this fall, Monthly says, if OSMA confirms MACD, we are targeting the bottom of the chart.

The Daily has started to walk into the same bear territory.

Now, we can see up, and I really cannot be sure of what you are looking for for confirmation of longs, but there is a very good likelihood that when you start buying, the rest of the market is going to start selling again.

This isn't an attack, and certainly not personal. Just what I see in the charts.

Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #201,962
  • Feb 25, 2010 4:53pm Feb 25, 2010 4:53pm
Quoting stallionez
Incidentally, once we get the confirmation of long, then we will rally up to 11th Marcc.

Thats my next cycle high!
hallo Stal, btw how do you know (or at least calculation) it will untill 11 march? thanks you...
I will be the number one Manager.
  • #201,963
  • Feb 25, 2010 5:10pm Feb 25, 2010 5:10pm
Quoting Magix
Posting a target or perhaps a chart would go a long way. But, if you think we are going bull just because we have seen enough bear...well, I really don't see it on my charts.

So far, what we have seen is Sell, Fill, Sell, Fill, Sell, Fill....

Going off the longer charts, the weekly shows that we are still in early stages of this fall, Monthly says, if OSMA confirms MACD, we are targeting the bottom of the chart.

The Daily has started to walk into the same bear territory.

Now, we can see up, and I really cannot be sure of what you are looking...

Dont worry about me thinking it is a personal attack. i have thick skin and dont care whether my analysis is right compared to the next man.

i follw repeating cycles in the market to give me direction of trend. then i narrow down to the H4 and H1 for entries.

I am now long cable. i closed short on the 1.618 extension and reversed. Although my long is V small stakes as i believe the bigger timeframes are still down. We may go sideways, but according to my cycle rules, we will print a higher price by the 11th March.

Now depending on the price action, this will confirm wether we drop lower to new lows from the 11th.

In the meantime, i wait to add, and get stop to B/E.

Money management is more important than the analysis.

Heres a chart to show my fixed points in the future. You can compare the historical points in relation to the fixxed dotted blue lines. they usually arrive +/-1 day.

I knew that the hammer on friday had to be broken, so as we rallied i scaled in short.


Attached Image (click to enlarge)
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  • #201,964
  • Feb 25, 2010 5:27pm Feb 25, 2010 5:27pm
Quoting stallionez
Dont worry about me thinking it is a personal attack. i have thick skin and dont care whether my analysis is right compared to the next man.

i follw repeating cycles in the market to give me direction of trend. then i narrow down to the H4 and H1 for entries.

I am now long cable. i closed short on the 1.618 extension and reversed. Although my long is V small stakes as i believe the bigger timeframes are still down. We may go sideways, but according to my cycle rules, we will print a higher price by the 11th March.

Now depending on the...
Awesome!

Thanks for the reply, as it is an open forum and we are all full of thoughts and ideas, it sure helps to have another perspective on the game.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #201,965
  • Feb 25, 2010 5:41pm Feb 25, 2010 5:41pm
Quoting stallionez
Dont worry about me thinking it is a personal attack. i have thick skin and dont care whether my analysis is right compared to the next man.

i follw repeating cycles in the market to give me direction of trend. then i narrow down to the H4 and H1 for entries.

I am now long cable. i closed short on the 1.618 extension and reversed. Although my long is V small stakes as i believe the bigger timeframes are still down. We may go sideways, but according to my cycle rules, we will print a higher price by the 11th March.

Now depending on the...
Stall....,did you sleep??? Ooohh...why not give explanation your chart first...,
I will be the number one Manager.
  • #201,966
  • Feb 25, 2010 5:56pm Feb 25, 2010 5:56pm
Hey,

Why are you out? TP's hit?
Cable still getting crushed! Fibre should give some back.

There is an area of interest I am looking at with cable closer to 5150 area.
I will do some further analysis on chart first.

Quoting Magix
I am out and out for the day.

Well wishes traders!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #201,967
  • Feb 25, 2010 5:58pm Feb 25, 2010 5:58pm
up now and runing dam i was asleep then ine eye opened i saw some green pips close some still have some more i thought i am the only one up damm the wise man is up tooo and the sweet lady

hi alll
  • #201,968
  • Feb 25, 2010 6:03pm Feb 25, 2010 6:03pm
Quoting XTrade
Hey,

Why are you out? TP's hit?
Cable still getting crushed! Fibre should give some back.

There is an area of interest I am looking at with cable closer to 5150 area.
I will do some further analysis on chart first.
I was in longside trades.

Took the top as the 600ema on 1m chart, seen it had a double tap, figured, why tempt fate.

Had some chores to do for the day, honey do list if you will.

i just got out of the trade, and figured what I had to do, was going to take me longer.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #201,969
  • Feb 25, 2010 6:05pm Feb 25, 2010 6:05pm
thats what i did thank god


2010.02.25 01:36sell0.10gbpusd1.54130.00000.00002010.02.25 08:211.53320.000.000.0081.00
2010.02.25 01:36sell0.10eurusd1.35430.00000.00002010.02.25 08:211.34670.000.000.0076.00
2010.02.25 12:26sell0.10gbpusd1.53200.00000.00002010.02.25 12:471.53000.000.000.0020.00
2010.02.25 12:26sell0.10eurusd1.35080.00000.00002010.02.25 14:321.34860.000.000.0022.00
2010.02.25 17:07sell0.10gbpusd1.52880.00000.00002010.02.25 17:381.52680.000.000.0020.00
2010.02.25 17:07sell0.10eurusd1.35030.00000.00002010.02.25 18:341.34830.000.000.0020.00
2010.02.25 20:03sell0.10gbpusd1.52380.00000.00002010.02.25 20:151.52240.000.000.0014.00
2010.02.25 21:04sell0.10gbpusd1.52550.00000.00002010.02.25 21:311.52410.000.000.0014.00
2010.02.25 21:04sell0.10eurusd1.35560.00000.00002010.02.25 21:311.35420.000.000.0014.00
2010.02.25 21:34sell0.10eurusd1.35440.00000.00002010.02.26 01:491.35330.000.000.0011.00
2010.02.25 22:12sell0.10gbpusd1.52570.00000.00002010.02.26 01:481.52390.000.000.0018.00
2010.02.25 22:15sell0.10eurusd1.35490.00000.00002010.02.26 01:481.35340.000.000.0015.00
2010.02.25 23:22sell0.10gbpusd1.52620.00000.00002010.02.26 01:481.52380.000.000.0024.00
  • #201,970
  • Feb 25, 2010 6:08pm Feb 25, 2010 6:08pm
Quoting kill56
up now and runing dam i was asleep then ine eye opened i saw some green pips close some still have some more i thought i am the only one up damm the wise man is up tooo and the sweet lady

hi alll
that's good kid...,they say "make money while sleeping" and that's not a joke...
yesterday i place stop order,
i sleep --> my OP been hit,
i wake up --> they still running,
i go for other business --> (i don't know what still happen),
and i go home, there is green pips in my account.....,

how beautiful is life....
I will be the number one Manager.
  • #201,971
  • Feb 25, 2010 6:13pm Feb 25, 2010 6:13pm
Quoting Magix
I was in longside trades.

Took the top as the 600ema on 1m chart, seen it had a double tap, figured, why tempt fate.

Had some chores to do for the day, honey do list if you will.

i just got out of the trade, and figured what I had to do, was going to take me longer.
As I am watching, that 600 seems to be a bit of a hurdle...
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #201,972
  • Feb 25, 2010 6:14pm Feb 25, 2010 6:14pm
Quoting javapips
that's good kid...,they say "make money while sleeping" and that's not a joke...
yesterday i place stop order,
i sleep --> my OP been hit,
i wake up --> they still running,
i go for other business --> (i don't know what still happen),
and i go home, there is green pips in my account.....,

how beautiful is life....
its beautiful we should thank god
  • #201,973
  • Feb 25, 2010 6:19pm Feb 25, 2010 6:19pm
Quoting Magix
As I am watching, that 600 seems to be a bit of a hurdle...
bro did get a tbone or port of the house
  • #201,974
  • Feb 25, 2010 6:23pm Feb 25, 2010 6:23pm
Cool, maybe now you are tempted for re-entry!
Otherwise always a good idea to book pips and not overtrade.

Ineresting point. If the Upper TL is not violated, not sure what kind of retrace we will get... for tonight at least, could just drop off...

Any thought on fibre? I read some feel 3500 will hold, not sure how I feel about that...

Quoting Magix
I was in longside trades.

Took the top as the 600ema on 1m chart, seen it had a double tap, figured, why tempt fate.

Had some chores to do for the day, honey do list if you will.

i just got out of the trade, and figured what I had to do, was going to take me longer.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #201,975
  • Feb 25, 2010 7:10pm Feb 25, 2010 7:10pm
Quoting kill56
thats...



going to sleep again
  • #201,976
  • Feb 25, 2010 7:19pm Feb 25, 2010 7:19pm
Still currently Short on GBP/USD from 1.5391, up around 130 pips. I have now reduced my initial risk on this investment by 84.24%. I will continue to look for opportunities to reduce risk or lock in profit. I am still holding for price to push down to the last Daily Downswing Targets as well as Support @ 1.5065. We could see possible buying pressure in that area.
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  • #201,977
  • Feb 25, 2010 8:01pm Feb 25, 2010 8:01pm
Possible Morning Doji Star (bullish reversal) formation?

http://clc4x.files.wordpress.com/201...if?w=644&h=369
  • #201,978
  • Feb 25, 2010 8:27pm Feb 25, 2010 8:27pm
Quoting XTrade
Cool, maybe now you are tempted for re-entry!
Otherwise always a good idea to book pips and not overtrade.

Ineresting point. If the Upper TL is not violated, not sure what kind of retrace we will get... for tonight at least, could just drop off...

Any thought on fibre? I read some feel 3500 will hold, not sure how I feel about that...
Tempted, yes...Pierced the 5m Which is kind of what I had figured, but we aren't holding ground strong.

Right now the 30m 24SMA is the support line, so if we hold here, and have the 24SMA on 5 move above the 200, we are off to the races, but, we not quite there, so I am not really that excited for the bulls as of yet.

As for Fibre, I don't really trade it or know its personality, but....

IF we confirm for long side on Cable, the EUR/GBP seems to favor a bullish tendency, meaning the movement we see on cable might be a little more explosive for Fibre.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #201,979
  • Feb 25, 2010 8:28pm Feb 25, 2010 8:28pm
My entrance target missed the last top by 5 pips. Was not aiming for the top - just turned out that way by fib #. I therefore waited and joined in the last party late and got out at 5250 - 50 pips higher than the fib #.

My current view is shown in the attached couple of charts. One shows we are at or about the 50% fib, the other shows price in a channel.

"If" GU is going to head down to the 1.5000 area, I would guess a week or more sideways PA.

Of course the 50% fib may not be the end of the run and price "could" punch through the trend. It broke through it to the upside in the beginning of Jan.

"If" I play GU - it will be to the short side, after it has risen from these levels.

Good Luck,
BR
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  • #201,980
  • Feb 25, 2010 8:39pm Feb 25, 2010 8:39pm
Quoting Big1red9
My entrance target missed the last top by 5 pips. Was not aiming for the top - just turned out that way by fib #. I therefore waited and joined in the last party late and got out at 5250 - 50 pips higher than the fib #.

My current view is shown in the attached couple of charts. One shows we are at or about the 50% fib, the other shows price in a channel.

"If" GU is going to head down to the 1.5000 area, I would guess a week or more sideways PA.

Of course the 50% fib may not be the end of the run and price "could" punch through the...
With ya 100% Red...

Next area of cover trade, imo...

Where we go from here....that is the question.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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