Cable Update (GBPUSD)

Hi NENE,
this my view too. and this is the cause why I went long now.
on the previous down move to 1.447x I did not go long because I was sure it will be here again soon. and this happened today so I started to build long term positions.

Another thing that proves my decision is the Dollar Index.
it found a resistance at 78.6% level from 1 March 2009 high to 22 Nov 2009 low. so it is a good probability for a trend reversal.

Good Luck Neen.
Take Care
TA TA


All: this my personal view only. don't follow me.

Market moves not by technical but fundamental this days so Take care.
BT
If you interested to got A++ set up u know my skype.
Egkid

Thanks Bro

I'm trying this opportunity. if it fails, the next opportunity will be at 1.37

For A++ setup. yes I'm interested.

Thanks & Good Luck

inta feen wel 7ob feen sho akhbarak

ween el 2amar

ana bedy b++

Well traders, was a very nice week in cable , here is a chart with the weeks price action . Seems Thursday was one of the most bullish thinking days in the forum reading thru the posts , starting with the prediction that the trade balance would be a catalyst that sent it soaring , there were also hourly and higher closes above a level I am sure a lot were looking at to make their calls . A closer look of the price action , the true indicater, shows a head and shoulder pattern near a 200 ema moving average on the hourly chart, a decent one to use on all time frames I might add . The clues provided by these things alluded to exactly what happened , the biggest move of the week , down . The yellow circles show entry points to go with the bigger trend which has been down , averages are not always exact but they are good guides , the other circles are are intraday trades based on the New york open or rollover . A smaller timeframe helps pinpoint these entries better and once again good guides . The chart is colored so green above and red below the New York open . The other lines are weekly camarilla pivots , I use the daily ones to help trade the weeklys back and forth treating each days open as the line in the sand , speaking of opens, the weekly open I use the same way, as shown once the weekly gave way it has been down ever since. That area also provided a nice long trade up to form the head area marked out . Hope all had a great week cheers

hey bro u could not leave the pipe alone

it was a great week hope u had the same

the amazing thing is the move between the cam's in and out with bearish trend new low a must lets see what next week brings

best of luck greeny all the way

ah had a great week kill , being busy and not haveing the time to trade the daily levels like usual pip count is down some in the ole lady pound , but caught the euro usd from the 200 ema on Monday closed most as I hate holding over the weekend but kept a few so a very profitable week just the same hope you had a great one too my friend

lol, here you go kill , I know this is the cable thread but to go with previous chart on cable and talking about averages and opens etc and how these things work in other pairs lol, I got short Monday at the average kill and closed them Thursday at the previous low added them back at the average band (yellow circle) friday and closed most of them again as its the weekend , kept a few just for grins to see what happens but this made up for not being able to scalp the gbp much this week lol

thank god bro i got a can of milk did not leave any thing for next week


have a great weekend have fun enjoy

fiber was so sweet this week i did hold from the spike after greece news 13090's almost to the end with rallies on eye

man its ok but i did tell the room that if the eur break below 13500 it will go all the way to 13000 then below 13000 we are going to 12000 but did not hold it coz hit and run work for me better

no regrets whats so ever

ah no worries kill , any profit is good profit , it isint easy having the conviction to hold for long periods and for the most part if you are good at hit and run your pip count is better anyway, nice to brag about 1000 pip trades but a good hit and run artist will make half again or more in the time it takes to close that 1000 pip trade and one thing is for sure the less time spent in the market the less risk you have . Holding one that pays good interest is cool , it sucks if you are paying it tho , that can chew up some good profits

wow 13hours and no rpl, nothing

Kill i see you are on, i wanted to go read the boodoo voodoo now, but i am really starting to fall in love with the hour charts

Hi,

I want to know your Idea about This week Gap!
Is there anything that forecast weekly Gap?

I have a long position

any thing u can make money with is fine we do learn every day

best of luck

read with me



The markets have experienced some pretty wild moves the past few days. We had a 1000 point swing in the Dow last Thursday for which there is still no clear reason. This threw many traders for a loop as the markets entered a 7% freefall in the span of a few minutes and then recouped most of those losses a few minutes later. The following day threatened a valid retest of the crash as the markets closed on a weak note. As if this wasn't enough for traders to ponder, the markets surprised everyone with a 4% gap higher on Monday. Each of these occurrences would be difficult to account for in isolation, but string them together in less than a week, and traders should understandably be confused with what to expect next. On the one hand, the markets are showing a clear vulnerability as traders rushed for the exits last week, but it is also showing an outstanding resolve by gapping higher and holding the gap for two days.

While traders may not be able to predict the next move, it is not too early to begin preparing for an eventual outcome. Traders should be very cautious about getting too involved with the indexes as they hover just about in the middle between a possible top and possible bottom off the crash reversal. Both levels will likely have strong emotions tied to them, so it's quite possible that the markets need to digest these moves for some time. This would lead to the indexes beginning to narrow in range as traders jockey for position. At some point, the markets will be ready to make their next move and the best traders will be prepared for a move in either direction. One way to be prepared is to start making a list of stocks for each scenario.
For instance, while many are expecting the markets to head lower, it wouldn't hurt to start building a list of stocks that have weathered the recent weakness. In looking at the chart for DSW Inc. Common Stock (NYSE:DSW), it might be difficult to even pin point a 1000 point crash in the Dow. DSW gapped above a base in May but failed to hold it as it returned back into the base a couple of weeks later. It appeared that DSW would crack, but it found support at its 50-day moving average and has been able to climb back above its breakout area. While buying in this area does not provide a great risk versus reward setup, DSW could offer an opportunity in the near future if it can consolidate above the $30 level constructively followed by a breakout attempt.

http://i.investopedia.com/chartadvis...w-05112010.png

try this

http://www.xe.com/

read with me


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Monday gap opening should be @ 4598

http://img338.imageshack.us/img338/9162/cablem.gif