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Cable Update (GBPUSD)

  • #203,901
  • Mar 6, 2010 1:41pm Mar 6, 2010 1:41pm
Quoting Ctic
That would be nice. My longs in play would like that much. Germany spoke out against the people betting against Greece so lets see what happens.
Even a congressional report says the US debt is going to grow tremendously, so US in deep. Who knows, maybe this last dip was the smart money positioning themself for a long long ride up North for an uptrend. Time will tell.
  • #203,902
  • Mar 6, 2010 1:59pm Mar 6, 2010 1:59pm
Quoting Tsar
Hi wormie,

Likely to be realized Target 1.5484 / 1.5455 in This WEEK !
My LAST Prediction in Post #202229 Feb 28, 2010 8:24pm

And (Tomorrow) MONDAY will to go SOUTH first, before Return to NORTH....
Hi Tsar,
how are you? hope everything is going well.
Unfortunatly I'm in a business trip this week and may be I will not contribute more.

Regarding to trading, I still hold my long positions and looking forward to 1.58

for everyone look @ weekly chart.
Excellent Pin bar.

Wormie. as always you are


Good Luck All
  • #203,903
  • Mar 6, 2010 2:02pm Mar 6, 2010 2:02pm
Quoting Baby-Trader
Hi Tsar,
how are you? hope everything is going well.
Unfortunatly I'm in a business trip this week and may be I will not contribute more.

Regarding to trading, I still hold my long positions and looking forward to 1.58

for everyone look @ weekly chart.
Excellent Pin bar.

Wormie. as always you are


Good Luck All
Posted same thing 13 hours earlier...Pinbar candle

http://www.forexfactory.com/showpost...stcount=203869
  • #203,904
  • Mar 6, 2010 2:07pm Mar 6, 2010 2:07pm
Quoting Ctic
Even a congressional report says the US debt is going to grow tremendously, so US in deep. Who knows, maybe this last dip was the smart money positioning themself for a long long ride up North for an uptrend. Time will tell.
Hi Ctic,
I monitored you this week.
Your doing very well.
Specially controlling your emotions with the market.

Keep it up mate.

Good luck
  • #203,905
  • Mar 6, 2010 2:08pm Mar 6, 2010 2:08pm
Quoting Ctic
Even a congressional report says the US debt is going to grow tremendously, so US in deep. Who knows, maybe this last dip was the smart money positioning themself for a long long ride up North for an uptrend. Time will tell.
well sooner or later the fat lady is going to sing on the us debt issue and sooner is looming larger than later , not going to get too political here hard on my blood pressure lol, but the place where we need to start over and completely over is DC , clean house out with all of them , start fresh with a new batch repel all the nice entitelements they have given themselves over the years and the new batch start fresh with term limits and get that back to what it was intended for "serve the people". If they want to start getting to running all the businesses in the country then the fresh batch better be some successful business people that have actually run a sucessful business for a while but either way the thugs and crooks that are there now need to go , all of them , there done ha ha
  • #203,906
  • Mar 6, 2010 2:12pm Mar 6, 2010 2:12pm
Quoting digger1
well sooner or later the fat lady is going to sing on the us debt issue and sooner is looming larger than later , not going to get too political here hard on my blood pressure lol, but the place where we need to start over and completely over is DC , clean house out with all of them , start fresh with a new batch repel all the nice entitelements they have given themselves over the years and the new batch start fresh with term limits and get that back to what it was intended for "serve the people". If they want to start getting to running all the...
I have always said politicians are like diapers. Then need to be changed often and for the same reasons.
  • #203,907
  • Mar 6, 2010 2:14pm Mar 6, 2010 2:14pm
Quoting Ctic
I have always said politicians are like diapers. Then need to be changed often and for the same reasons.
Wht makes that the funniest is its true lol
  • #203,908
  • Mar 6, 2010 2:15pm Mar 6, 2010 2:15pm
Quoting Baby-Trader
Hi Ctic,
I monitored you this week.
Your doing very well.
Specially controlling your emotions with the market.

Keep it up mate.

Good luck
TY BT. Been doing the same thing for years..lol. I let the charts control my emotions. Set initial SL and bought the dips. SL's set now for all profits so easy to be emotionless when you have nothing at risk (Except market open below stops so they never get hit. After this week will either be sitting pretty or out looking for the next kill. How you been.

C.
  • #203,909
  • Edited 2:41pm Mar 6, 2010 2:37pm | Edited 2:41pm
Is the trend looking to go short?
  • #203,910
  • Mar 6, 2010 2:48pm Mar 6, 2010 2:48pm
hi all

cable is still in a downtrend but there are bear market rallies within the downtrend. So I'd just look for sell signals on the charts for shorts UNTIL the downtrend line breaks if we dont break the first line we are hiding
south if we do the 15420 is on site i could be wrong thats what i see
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  • #203,911
  • Mar 6, 2010 2:50pm Mar 6, 2010 2:50pm
darn the whole gang is here why not enjoying the weekend crackforex heads
  • #203,912
  • Mar 6, 2010 2:59pm Mar 6, 2010 2:59pm
Quoting kill56
darn the whole gang is here why not enjoying the weekend crackforex heads
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #203,913
  • Mar 6, 2010 3:06pm Mar 6, 2010 3:06pm
Quoting kill56
darn the whole gang is here why not enjoying the weekend crackforex heads
  • #203,914
  • Mar 6, 2010 3:37pm Mar 6, 2010 3:37pm
Hi traders , i dont trade this pair a lot cause as everyone knows that this pair is very dangers for some traders , but i see that the correction that he made was very strong , i think that its over he is on his way down.....

I dont trade the candel stick system to much but sometimes give a lot of info ,

Here in the attach pic we can see what i mean .:
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  • #203,915
  • Mar 6, 2010 3:47pm Mar 6, 2010 3:47pm
Quoting fadi66
Hi traders , i dont trade this pair a lot cause as everyone knows that this pair is very dangers for some traders , but i see that the correction that he made was very strong , i think that its over he is on his way down.....

I dont trade the candel stick system to much but sometimes give a lot of info ,

Here in the attach pic we can see what i mean .:

salam fadi keefak long time no see
  • #203,916
  • Mar 6, 2010 3:48pm Mar 6, 2010 3:48pm
Quoting fadi66
Hi traders , i dont trade this pair a lot cause as everyone knows that this pair is very dangers for some traders , but i see that the correction that he made was very strong , i think that its over he is on his way down.....

I dont trade the candel stick system to much but sometimes give a lot of info ,

Here in the attach pic we can see what i mean .:
I would disagree... I think we still have some more upside before we crash..Look at weekly chart. Pinbar candle, no cover trades occured at all. I think about 1.54 before it thinks of crashing. That would give it proper retrace. Thus even your chart retraced to cover som. In addition hit 161.8 fib. Good retrace fib. Just my thoughts. Next week we will see if it plays out
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  • #203,917
  • Mar 6, 2010 4:10pm Mar 6, 2010 4:10pm
Quoting Ctic
I would disagree... I think we still have some more upside before we crash..Look at weekly chart. Pinbar candle, no cover trades occured at all. I think about 1.54 before it thinks of crashing. That would give it proper retrace. Thus even your chart retraced to cover som. In addition hit 161.8 fib. Good retrace fib. Just my thoughts. Next week we will see if it plays out
with you there ctic , quite a few pips back up to that line or even close to it , the cards will fall where they will fall at any rate , lol
  • #203,918
  • Mar 6, 2010 4:17pm Mar 6, 2010 4:17pm
Quoting fadi66
Hi traders , i dont trade this pair a lot cause as everyone knows that this pair is very dangers for some traders , but i see that the correction that he made was very strong , i think that its over he is on his way down.....

I dont trade the candel stick system to much but sometimes give a lot of info ,

Here in the attach pic we can see what i mean .:
I like the assessment, and even more so because you are looking at more than a single time frame, but would say that comparing apples to apples and oranges to oranges might work out a little better.

An idea on the week must be taken into appreciation before analyzing a single candle on any one chart. A single candle is not a trend.

Going off of the charts that I see...reaction point was at the hourly resistance, and given that we shot 170ish pips off bottom, a bit of a draw down is to be expected, given any regular week, where there is no NFP, or massive spike to the south side like we seen open of this week.

We hit a stall...okay, but do we really throw the baby out with the bath water?

Assumptions of a trend change in the final hours of close on a Friday can lead a lot of traders into a bloodied account.

Perspective.

The rest of the charts look like this.

We have after the 3rd attempt to confirm the 30m long chart finally done so. At the same time we have shot up to the hourly resistance.

We could very well deflect off of this, but the current and most immediate trend is long. Although the monthly charts still say we have a lot more basement to dig, shorter time frames say, after a climb up, we need to catch our breath before we take on the next flight.

Closing on Friday...

I don't play it because with the volume weak, the ranges can be tuff to prosper from, so with longs closing positions for the weekend, we can easily interpret these as a bearish position instead of protection of gains.

If we were still in regular trading, I would say, definitely something to what you are saying. Price brought up to a point and has no interest in moving passed there. Thing is...when we aren't in regular session, guessing what could or might happen over the weekend is pure 100% speculation and typically the death of dollars for us lowly traders.

A challenge of support here is expected. 30m support that is. From here, I expect if nothing else the top of the chart challenged to see if top will hold. London closed at about 1.5145 and though not much lower than the high, I believe they will still if nothing else take same opportunity to run here.

Weekend speculation. Where are we going...

When the bell rings, knowing what could happen and how you will adjust is as important as what does happen.

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #203,919
  • Mar 6, 2010 6:22pm Mar 6, 2010 6:22pm
Quoting goodthings
Taking all this into consideration and looking at the price movement JUST FOR FUN I have purposed the following scenareio. An 82.8 % probability of the cable retracing to 1.8915 which is the 38.2 fib level as well as the daily pivot of last friday's high low close which gives us confluence at that point. It reverses up a max of 100 pips to the 1.9015 level meeting resistence at 1.8957 the MR1P (Middle resistence point between pivot and R1) . Next resistence at the 1.8977 level the previous weeks pivot point and 1.8997 the daily R1. Any thoughts...
Retracing all the way back to 1.8915? What planet are you on? The UK is f**ked. I know $2/£1 was only a couple of years ago... I even went to the US and got shed loads of cheap clothes when it was at that price, but in reality today the UK has the same yearly budget deficit as Greece with no clear direction. Don't get me wrong, the US are massively in debt too, more in $ terms, but less in % terms as the UK. Either your numbers are wrong, or you're having a laugh! I'll eat my pants if it retraces back to 1.8915
  • #203,920
  • Mar 6, 2010 6:56pm Mar 6, 2010 6:56pm
Quoting bbakker
Retracing all the way back to 1.8915? What planet are you on? The UK is f**ked. I know $2/£1 was only a couple of years ago... I even went to the US and got shed loads of cheap clothes when it was at that price, but in reality today the UK has the same yearly budget deficit as Greece with no clear direction. Don't get me wrong, the US are massively in debt too, more in $ terms, but less in % terms as the UK. Either your numbers are wrong, or you're having a laugh! I'll eat my pants if it retraces back to 1.8915
wow dude ,dont think a post from nov 20th 2006 is really being discussed much today, err umm page one on a thread with 13,595 pages in it now, a little time has passed lol
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