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Cable Update (GBPUSD)

  • #238,761
  • Jul 16, 2010 6:33am Jul 16, 2010 6:33am
Quoting nAVIN2007
euro is on steroids..
Yup, and i jus sold her too... check out the divergence building on the 1 hour, MACD and RSI both showing signs, with the added bonus of 1.3000 psyc level..... Down baby, down.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #238,762
  • Jul 16, 2010 6:34am Jul 16, 2010 6:34am
Quoting bbmac
The trouble was with that great 15min and 30min hammer was that there was no identifiable potential support there, unlike the set-up a bit lower...which came @ the previous 1hr swing lo=prev supp = potential supp zone from where price has just risen.

G/L
Thanks, I have enjoyed reading your posts on fibs.
"Keep your eyes on the helpers" - Mr. Rogers
  • #238,763
  • Jul 16, 2010 6:37am Jul 16, 2010 6:37am
========
Attached Image
  • #238,764
  • Jul 16, 2010 6:44am Jul 16, 2010 6:44am
Quoting Bull_Bear
Thought I kick it up before my power yoga class....

TP hit...

Oh, selling ladies and gents.....

1.5430.. SL 1.5480 TP 1.5340
Lock down, TP adjusted to 1.5300
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #238,765
  • Jul 16, 2010 6:46am Jul 16, 2010 6:46am
Quoting No Stress
Went short against 25% monthly level 1.5413 to expect retrace down to 50% daily 1.5265. Average old level at 1.5442. Was testing market with 35 pips SL only. Retrace is very near. Up to every one to wait or entering to not loose position.

Good trading for all.
First entering rejected, second was right. Up to now, south giving me some green pips. waiting for final target to 1.5270.

Good trading for all.
No Signal, No Trade. No fundamenals, No headache.
  • #238,766
  • Jul 16, 2010 6:46am Jul 16, 2010 6:46am
Quoting nAVIN2007
euro is on steroids..
Here you go NAV, another long term TL plus the divergences... safe money bro.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR.JPG Size: 102 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #238,767
  • Jul 16, 2010 6:50am Jul 16, 2010 6:50am
Quoting bbmac
yes the 3 x fibs come 5352-48 inside that previous 1hr swing lo zone...personally I need a tech confluence comprising of osc div, band deviation, supp/res and price action confirmation as the trigger in order to enter as a hi-probability trade...In this instance once the ascending 1hr trend line was bust decisevly it was always more likely that a confluence of potenmtial support factors would be needed to go against it ?
Are these were your fibs are drawn from?

Attached Image (click to enlarge)
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"Keep your eyes on the helpers" - Mr. Rogers
  • #238,768
  • Jul 16, 2010 6:53am Jul 16, 2010 6:53am
15 min watch out, Now we can see how far bears can take it down
let's watch
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  • #238,769
  • Jul 16, 2010 6:55am Jul 16, 2010 6:55am
Quoting damonl
Are these were your fibs are drawn from?

Attachment
On my 1hr chart 4949, 4963 and 5234 to current trend Hi @ 5470...more on the 4hr/daily chart from significant swings up from and including current yearly low of 4229 to same Hi...fibs can be subjective and we never know in advance which the market might respect and from which swing points. therefore clusters are higher probability and fibs with other 'real' potential supp/res factors like previous near term obvious fractal swing hi/lo's and trend lines on 1hr +

Just my way of guauging potential supp/res factors...confluence always being preferred.

G/L
ex member
  • #238,770
  • Jul 16, 2010 7:04am Jul 16, 2010 7:04am
goodish channel formed for breakout over news on cable. meanwhile missed lovely breakout on $yen.doh..
All systems of divination, like music itself,work through patterns.
  • #238,771
  • Jul 16, 2010 7:09am Jul 16, 2010 7:09am
Quoting bbmac
On my 1hr chart 4949, 4963 and 5234 to current trend Hi @ 5470...more on the 4hr/daily chart from significant swings up from and including current yearly low of 4229 to same Hi...fibs can be subjective and we never know in advance which the market might respect and from which swing points. therefore clusters are higher probability and fibs with other 'real' potential supp/res factors like previous near term obvious fractal swing hi/lo's and trend lines on 1hr +

Just my way of guauging potential supp/res factors...confluence always being preferred....
Thanks....
"Keep your eyes on the helpers" - Mr. Rogers
  • #238,772
  • Jul 16, 2010 7:09am Jul 16, 2010 7:09am
Well, for better or worse here, I am looking long again....

Bullish piercing bar, but will need to wait for confirmation.

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"Keep your eyes on the helpers" - Mr. Rogers
  • #238,773
  • Jul 16, 2010 7:10am Jul 16, 2010 7:10am
you can see @ Point A buyers were emerging ahead of that potential support zone referreed to earlier...so when price dropped to the zone at point B just below and then retested at Point C with double bullish osc div...it became another counter-trend high probability trading opp.
Attached Image (click to enlarge)
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ex member
  • #238,774
  • Jul 16, 2010 7:11am Jul 16, 2010 7:11am
euro is ripping..she just broke wind north

my dame
  • #238,775
  • Jul 16, 2010 7:13am Jul 16, 2010 7:13am
Quoting nAVIN2007
euro is ripping..she just broke wind north

my dame
Are you long euro as well?
"Keep your eyes on the helpers" - Mr. Rogers
  • #238,776
  • Jul 16, 2010 7:14am Jul 16, 2010 7:14am
Quoting egkid
15 min watch out, Now we can see how far bears can take it down
let's watch
Bears Fail to close with 15 min under middle TL and close above now we going to top Red TL @ 1.5415 let's see bull power
Add small position to cover my Swap LOL now moved it to BE
  • #238,777
  • Jul 16, 2010 7:15am Jul 16, 2010 7:15am
Quoting nAVIN2007
euro is ripping..she just broke wind north

my dame
Wait for NAV. TL still intact.... major resistance at 1.3000 bro....

wait for it...
Attached Image (click to enlarge)
Click to Enlarge Name: EUR.JPG Size: 91 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #238,778
  • Jul 16, 2010 7:16am Jul 16, 2010 7:16am
Quoting damonl
Are you long euro as well?
sure bloody

just trying to figure out if she gonna break this or not..1.30 major level

Quoting Bull_Bear
Wait for NAV. TL still intact.... major resistance at 1.3000 bro....

wait for it...
yup
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  • #238,779
  • Jul 16, 2010 7:21am Jul 16, 2010 7:21am
Quoting nAVIN2007
sure bloody

just trying to figure out if she gonna break this or not..1.30 major level
Awesome.. I have my hands full playing with Pound. Couldn't even imagine trying 2 currencies, though have tried in the past.. just like this one I think.

Good for you though!
"Keep your eyes on the helpers" - Mr. Rogers
  • #238,780
  • Jul 16, 2010 7:21am Jul 16, 2010 7:21am
Quoting egkid
15 min watch out, Now we can see how far bears can take it down
let's watch
Hi egkid,

I share Harmonic Pattern in M15


Best Regards,

Tsar
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-07-16_M15.png Size: 28 KB
Always looking the GREAT, never left GOOD Point...
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