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Cable Update (GBPUSD)

  • #202,701
  • Mar 2, 2010 12:59am Mar 2, 2010 12:59am
Quoting manize
So sorry to whom who got loss !

However the Daily Pivot 07.00 AM GMT+7 never cheat to guide the strong trend vs H1/H4 close/open sofar !
  • #202,702
  • Mar 2, 2010 1:01am Mar 2, 2010 1:01am
look like we could hit 1.4779 before we head upto 1.5463, thats a lot of pips. we will see where the week close at on friday.
  • #202,703
  • Mar 2, 2010 1:03am Mar 2, 2010 1:03am
went in at 1.4915 few hours back and was worried as it slowly went up. now puting sl at 1.4900 to lock in 15 pips first. tp at yesterday low.



cheers,
eg
loss 100k in Forex, up 1k, still have 99% to go!!
  • #202,704
  • Mar 2, 2010 1:04am Mar 2, 2010 1:04am
Quoting handipips
She moves at the CRUCIAL AREA. 1.4854/70 is the FAILURE SUPPORT. Once H1/H4 close/open below it .... please think by yourself !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #202,705
  • Mar 2, 2010 1:06am Mar 2, 2010 1:06am
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.
It has just hit below 1.4900 and 1.5 has proved to be an excellent resistance line. Excellent weekly/monthly chart and the ninjafx chart stretching back to 1994. Bears are out again this morning!
  • #202,706
  • Mar 2, 2010 1:09am Mar 2, 2010 1:09am
thanks Trublue. I actually went in short at 1.4879. i've picked up about 20 pips already and counting
  • #202,707
  • Mar 2, 2010 1:09am Mar 2, 2010 1:09am
Quoting manize
She moves at the CRUCIAL AREA. 1.4854/70 is the FAILURE SUPPORT. Once H1/H4 close/open below it .... please think by yourself !
  • #202,708
  • Mar 2, 2010 1:14am Mar 2, 2010 1:14am
Quoting manize
She moves at the CRUCIAL AREA. 1.4854/70 is the FAILURE SUPPORT. Once H1/H4 close/open below it .... please think by yourself !
When we get to 1.4782 - I will be one VERY happy camper but it's getting more difficult to get there by the minute
  • #202,709
  • Mar 2, 2010 1:17am Mar 2, 2010 1:17am
Quoting manize
she moves at the crucial area. 1.4854/70 is the failure support. Once h1/h4 close/open below it .... Please think by yourself !
agree 4854 is band master support

break it and find cable in a nearby cemetery
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 16 KB
  • #202,710
  • Mar 2, 2010 1:19am Mar 2, 2010 1:19am
Quoting forexlion
agree 4854 is band master support

break it and find cable in a nearby cemetery
They may be lining up to retrace it a bit before the monsterious drop. Good spot to do it if they are going to.
Attached Image
  • #202,711
  • Mar 2, 2010 1:23am Mar 2, 2010 1:23am
Quoting Ctic
They may be lining up to retrace it a bit before the monsterious drop. Good spot to do it if they are going to.
1.55 T1 1.57 T2 is target for retrace. After that, we break the bear flag on monthly to go down a mile, IMHO
  • #202,712
  • Mar 2, 2010 1:27am Mar 2, 2010 1:27am
Quoting Ctic
They may be lining up to retrace it a bit before the monsterious drop. Good spot to do it if they are going to.

I don't expect any major drop today... Probably will retrace back to the 4970... I am looking to enter another short there....
  • #202,713
  • Mar 2, 2010 1:31am Mar 2, 2010 1:31am
Let us wait another 30 minutes, excactly bounced up from 1.4854 or breaks it. I already closed my short here !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #202,714
  • Mar 2, 2010 1:32am Mar 2, 2010 1:32am
Quoting TrueBlue
Hang tight red; I think we'll get what we're after
Oh my God, Oh my God, Oh my God....!!!

Its a miracle TrueBlue.

I'm holding a sell position at 1.4990 which i open 6-7 hours ago, the the pair toying with me at my trailing stoploss 1.4941 for more than an hour...i want to close & take the current 60pips i have then coz if the trailing sl reached i will have only 48pips to close. The pair also want to go 'bull riding' at anytime.

but my trading strategy say hold, keep the post, dont close. I did.

Then all of sudden, the pair jump !!! It reached my support & TP at 1.4856 in 30minutes, a 134 pips profit !

I'm speachless
  • #202,715
  • Mar 2, 2010 1:35am Mar 2, 2010 1:35am
Quoting manize
Let us wait another 30 minutes, excactly bounced up from 1.4854 or breaks it. I already closed my short here !
I have close all my short and placed a very small .1 contract trade in. SL just below 1.4825. I could be wrong but, but a retrace is due, we are at the bottom of the flag, hit some major fibs.

If I am wrong, the small trades won't even dent my profits. Big trades with the trend....Small trades against the trend.
  • #202,716
  • Mar 2, 2010 1:36am Mar 2, 2010 1:36am
Gu is bearish . . . . looking forward to hit the low of the monthly chart. .. hehe
Attached Image (click to enlarge)
Click to Enlarge Name: gu monthly.gif Size: 16 KB
The market will deceive you. Make your own judgement.
  • #202,717
  • Mar 2, 2010 1:39am Mar 2, 2010 1:39am
Quoting ninjafx
Gu is bearish . . . . looking forward to hit the low of the monthly chart. .. hehe
You are right, G/U is very bearish, but it is never a straight down situation. I believe it may retrace a little before making the big move down. Just my opinion.
  • #202,718
  • Mar 2, 2010 1:44am Mar 2, 2010 1:44am
Quoting ninjafx
Gu is bearish . . . . looking forward to hit the low of the monthly chart. .. hehe
I think gu in recovery now. gu did reach 1.4856 on the last move which can trigger 1.4833 after the recovery is gone. If 1.4833 reach i'm targeting 1.4511 as my weekly target.
  • #202,719
  • Mar 2, 2010 1:45am Mar 2, 2010 1:45am
Quoting redmeccha
Oh my God, Oh my God, Oh my God....!!!

Its a miracle TrueBlue.

I'm holding a sell position at 1.4990 which i open 6-7 hours ago, the the pair toying with me at my trailing stoploss 1.4941 for more than an hour...i want to close & take the current 60pips i have then coz if the trailing sl reached i will have only 48pips to close. The pair also want to go 'bull riding' at anytime.

but my trading strategy say hold, keep the post, dont close. I did.

Then all of sudden, the pair jump !!! It reached my support & TP at 1.4856 in 30minutes, a 134...

great for u!! mine got stopped out at +15 pips, but still green pips so i'm happy. now looking for re-entry if possible.


cheers,
eg
loss 100k in Forex, up 1k, still have 99% to go!!
  • #202,720
  • Mar 2, 2010 1:48am Mar 2, 2010 1:48am
Quoting redmeccha
Oh my God, Oh my God, Oh my God....!!!

Its a miracle TrueBlue.

I'm holding a sell position at 1.4990 which i open 6-7 hours ago, the the pair toying with me at my trailing stoploss 1.4941 for more than an hour...i want to close & take the current 60pips i have then coz if the trailing sl reached i will have only 48pips to close. The pair also want to go 'bull riding' at anytime.

but my trading strategy say hold, keep the post, dont close. I did.

Then all of sudden, the pair jump !!! It reached my support & TP at 1.4856 in 30minutes, a 134...
Hey Red, told you you'd get there. Good one buddy. I've had some charting problems with my pc of late so I got out of my live acc and went demo - been waiting for this thing to bottom into the Hrly "divergence" and hoping upon hope now that it actually makes it. Even though it's a demo; I still treat it like my live account. I'm happy for your success.
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