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Cable Update (GBPUSD)

  • #202,681
  • Mar 1, 2010 10:16pm Mar 1, 2010 10:16pm
Quoting Jemmy
D-4 ~ BULLS 2 : 5 BEARS
D-3 ~ BULLS 3 : 4 BEARS
D-2 ~ BULLS 2 : 5 BEARS
D-1 ~ BULLS 1 : 6 BEARS
today ~ BULLS 0 : 7 BEARS
pending order 1.5400 not hit, has removed..
it has been move from 1.5576 to 1.5189 ~ 400pips..
to danger to catch the running train..
i am out for this last day of this month..
waiting for next opportunity next month..
Attachment
D-4 ~ BULLS 2 : 5 BEARS
D-3 ~ BULLS 1 : 6 BEARS
D-2 ~ BULLS 0 : 7 BEARS
D-1 ~ BULLS 0 : 7 BEARS
today ~ BULLS 0 : 7 BEARS
powerless bulls, 5 days streaks bears candles ~ 800pips..
to late to short now..
Attached Image
Patience + Discipline =
  • #202,682
  • Mar 1, 2010 10:18pm Mar 1, 2010 10:18pm
Quoting redmeccha
I'm currently holding a sell at 1.4990, around 70 pips. gu still bearish but seams to be oversold really bad. There is some bearish signal left so I'm waiting for 1-2 hours to see what happen. My trailing stoploss already trap 48 pips so i'm ok with that
Hi Red; congrats on your wins. Daily still has plenty of "breathing room" but 4Hr and down are really "squeezing" and looking to get off the bottom but since the higher charts rule; I think it could be a painfully slow ride into an Hourly divergence which appears to be shaping up.
  • #202,683
  • Mar 1, 2010 10:23pm Mar 1, 2010 10:23pm
nice drop on GU, looks like it can make it to the 1.4780 level
The market will deceive you. Make your own judgement.
  • #202,684
  • Edited 10:52pm Mar 1, 2010 10:35pm | Edited 10:52pm
DP Today 1.4984 ( Current Daily Candle spike here sofar) ! Currently she moves up from 1.4905 at 1.4921, I focus on level, 1.4984, 14942, 14905. I watch 1.4942 (sofar the 3 previous H1 candles spike here) broken up or not ! If not broken on at least H1 close/open --> 1.4942 - 1.4984 will be a good level for go short with SL 1.5025 ! If after London session open 1.4942 and then 1.4984 broken ---> it is the confirmation to go long with SL at least below 1.4942 ! At the current situation no other choice should dare loss 60 - 100 pips for stop if force to make an entry, the exceptional for scalper between 1.4905-1.4942 ! Btw imho says more short than long untill London session open !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #202,685
  • Mar 1, 2010 10:37pm Mar 1, 2010 10:37pm
Quoting ninjafx
nice drop on GU, looks like it can make it to the 1.4780 level
yeah ninja here's hoping; but I think the ride's going to get a bit choppy from here on down.
  • #202,686
  • Mar 1, 2010 10:44pm Mar 1, 2010 10:44pm
Here is a test of the weekly/monthly chart bear flag..Will she break or will she bounce when the bulls awake from their slumber. Time will tell.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: monthly.jpg Size: 91 KB
Click to Enlarge Name: weekly.jpg Size: 93 KB
  • #202,687
  • Mar 1, 2010 10:58pm Mar 1, 2010 10:58pm
Quoting Ctic
Here is a test of the weekly/monthly chart bear flag..Will she break or will she bounce when the bulls awake from their slumber. Time will tell.
Hi there Ctic; I don't know about the bulls awaking from their slumber - more like at the bar drowning their sorrows from that avalanche
  • #202,688
  • Mar 1, 2010 11:35pm Mar 1, 2010 11:35pm
is it just me, but whats with the market..its barely moving.
  • #202,689
  • Mar 1, 2010 11:51pm Mar 1, 2010 11:51pm
Quoting big_pipin
is it just me, but whats with the market..its barely moving.
Higher timeframes trying to put in a base; lower timeframes trying to get off the ground (bull/bear battle - very boring yes?)
  • #202,690
  • Mar 1, 2010 11:58pm Mar 1, 2010 11:58pm
Quoting TrueBlue
Hi Red; congrats on your wins. Daily still has plenty of "breathing room" but 4Hr and down are really "squeezing" and looking to get off the bottom but since the higher charts rule; I think it could be a painfully slow ride into an Hourly divergence which appears to be shaping up.
Yeah, currently seems the pair is squeeze at the bottom...waiting to go up.

I think the london open, in around 2 hours is the point for this pair to burst up.

But still, like you said TrueBlue, it will be a slow ride. My chart is pointing up but not in a strong way...we'll see what happen when london open.
  • #202,691
  • Mar 2, 2010 12:00am Mar 2, 2010 12:00am
A new H1 still spike below 1.4942 --> I went short 1.4935, stop 1.4955 just for scalp who knows down to 1.4905 again !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #202,692
  • Mar 2, 2010 12:09am Mar 2, 2010 12:09am
Quoting manize
A new H1 still spike below 1.4942 --> I went short 1.4935, stop 1.4955 just for scalp who knows down to 1.4905 again !
Good luck Manize I don't think you'll have any trouble getting that - I'm looking for a full "divergence" at around 1.4782 before what might be a very quick and solid correction; but at this point I still see a "divergence" forming on the Monthly chart.....so after a solid correction, it could be "watch out below" again. I only hope the "little bulls" don't spoil the party
  • #202,693
  • Mar 2, 2010 12:17am Mar 2, 2010 12:17am
Quoting TrueBlue
Higher timeframes trying to put in a base; lower timeframes trying to get off the ground (bull/bear battle - very boring yes?)
Big storm is on his way, from the past record, most likely will only happen 24 hours later.
Face both Win and Lose bravely
  • #202,694
  • Mar 2, 2010 12:17am Mar 2, 2010 12:17am
This pair is toying with me, i have a trailing SL at 1.4941, which close me at +48pips

For more than an hour the price is hovering at my trailing SL around +-15 pips...the sell signal is fading, with london open less than 2 hours away, the pair can go up...or down maybe ?

Stick to plan, let trailing SL do their job, seems to be the best option for now...but the +-15 pips so tempting
  • #202,695
  • Edited 12:35am Mar 2, 2010 12:23am | Edited 12:35am
Quoting manize
A new H1 still spike below 1.4942 --> I went short 1.4935, stop 1.4955 just for scalp who knows down to 1.4905 again !
Take care Manize I think I can see those little BULL muscles beginning to grow eh? I hope they get tired right now
  • #202,696
  • Mar 2, 2010 12:38am Mar 2, 2010 12:38am
Quoting redmeccha
This pair is toying with me, i have a trailing SL at 1.4941, which close me at +48pips

For more than an hour the price is hovering at my trailing SL around +-15 pips...the sell signal is fading, with london open less than 2 hours away, the pair can go up...or down maybe ?

Stick to plan, let trailing SL do their job, seems to be the best option for now...but the +-15 pips so tempting
Hang tight red; I think we'll get what we're after
  • #202,697
  • Mar 2, 2010 12:40am Mar 2, 2010 12:40am
hi, all. this is my first posting. just trying to get a feel.
  • #202,698
  • Mar 2, 2010 12:50am Mar 2, 2010 12:50am
Dont need to guess at this moment, turn to M30 chart, watch the storm direction.
Face both Win and Lose bravely
  • #202,699
  • Mar 2, 2010 12:50am Mar 2, 2010 12:50am
Quoting TrueBlue
Good luck Manize I don't think you'll have any trouble getting that - I'm looking for a full "divergence" at around 1.4782 before what might be a very quick and solid correction; but at this point I still see a "divergence" forming on the Monthly chart.....so after a solid correction, it could be "watch out below" again. I only hope the "little bulls" don't spoil the party
No more scalp bro ... thinking another short surround 1.4905 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #202,700
  • Mar 2, 2010 12:54am Mar 2, 2010 12:54am
Quoting Ikechukwu
hi, all. this is my first posting. just trying to get a feel.
Hi Ike, welcome aboard, I think we're all just holding our breath at the moment as this level needs to be broken south but the 15m chart is looking like a "divergence" and the H1 is at the 79% Fib; which could turn price back up and possibly as high as 15100 again if the Bulls pick up on it.
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