Cable Update (GBPUSD)

dam bro u are killen i am starving is that pumpkin pie in the back

I can help if u like ,I have crystal ball

wise man we are below the daily 200ma i mean lion tits

i think this may go to 1.50 first

lets see if es break the strong sup. @ 1060 if it dos next week will be fun

Wow.. did I miss some fun commentary. You guys are awesome.

This week was just a struggle for me, but I am learning alot by all yoru commentary. The banter is great.. I love it! Had a good part of the week and fell short at the end.. entering short trying to pick a top in an uptrend through my game off, plus I am not used to this up all night with very little sleep.

Anyway, have a nice weekend and I will most assuredly see you back here next week.

Hey Guys and gals....

I made a little spread sheet for myself so as to help me keep focused, as I believe I know what kind of trader I am, but sometimes seeing the big picture is beyond me.

What I have done is put together a little spreadsheet where you can make inputs from the M15 to the Daily charts, where you can input candlestick formations that you see on your chart. Then there is a section next to that which will allow you to add confirmations. These confirmations might be things like...

Not valid
Happened at Strong Support/Resistence
Happened at grouping of Fibs
Etc., Etc, Etc....

I have a tendency to look through things, and I am hoping this will help me take each candlestick, and by making a notation of it and then making a comment will help me to realize just where the market is going and if I should be looking long or short.

Incidentally I have also found some Candlestick Recognition Index Cards 4-Sale, so I bought them as I need to have that reference by me all the time. I actually started making my own.. lol, but it looks like there's are much better. I am not affiliated, but here is their website if interested.... http://www.candlestickforum.com

On the spreadsheet are only the major ones, but as I add more I will update the spreadsheet and get them to you. If you don't know what it means to candlestick recognize, then there is some great infor on this website I gave you as well as many other places on the internet.

Enjoy the Spreadsheet and if I can add anything or you can, please let me know.

Have a nice weekend!

Inside bar setup with green break lines on the daily with orange areas providing targets depending on which way it will break but watch out for a fakey north as 1.5523 will provide stiff resistance, although it will continue the current trend if this resistance is broken. Indicators show that the trend might be running out of steam. This could take a few days maybe even a week to play out, but with low volumes during the long summer days, volatility might make this happen sooner than later. Good luck people.

share ur chaos prediction?.......

Ow ow ow.. just woke up this morning and guest what.. TP HIT..

The new area of the chart that has so far only been slightly traded, will most likely get traded again. The Green Boxes represent the Buy/Sell ranges in the London session, the Red boxes represent the Buy/Sell ranges of the NY session.

IF you look at how prices overlay, you will see that where London bought, NY has sold and where NY has bought, London has sold.

Clear the books.

I would believe that NY will have a chance to buy up the area of the chart that they have not yet bought as well as London will take opportunity to buy up to the actual chart top.

30m chart, currently showing the 30m 200EMA as support.

Below this, the hourly 200EMA will be support. Both lines have now been confirmed but not triggered to complete, so, if first support holds and price drives up past the 24SMA we will see these zones re-tried and top side resistance tested. Below here we still show support from the 24 on H4, base side support at about 1.5260ish.

This are has been traded thinly, so in all probability we will see the area in yellow on the chart traded again. Assumptions of longs should not go into effect until/unless we see support gained from the fall, and a trigger on trend above the 24.

Just my dos centavos, a little to ponder over the weekend.

InterbankFx Monthly Cable Chart

I made money on the friggin Short I had

If you doubt the chart, get a demo on IBFX and see for yourself

Now that is what i call slippage

http://img64.imageshack.us/img64/7817/55345142.gif

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Nice info Magix. Let me just add to it.
Price hasn't moved a whole lot after hitting the low around 1.5278 , that means cable will take another dip down before it moves up. Probably during LO or may be a franky fake out. I am expecting a bounce from 1.5240ish , just like it happened on 15th July.

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Not trading regularly but as 1.5483 was my long time target level as advised others I plan to short around & involved now .
A general impression is that gu like eu , may bounce to 1.5483 or nearer again from 1.5200 & take the break towards 1.4808.Overall weekly bullish nature may be preserved next,medium term bull , tp can be any high as 1.6276 to 1.7000/1.7717 .

So may continue up , if no sudden crush euro/gbp against usd again fundamentally or so , accidentally should be true but where is top ? still uncertain . it can do anything still , not died as thought before , just released threads .

Most interesting is that in monthly tf gu down over 7600 pips & still looking it up for sell signal last cd 13th ?? weekly & daily sell set up perfection occured & waiting 13 non-cosecutive cds or a rally up ( weekly in now 6th candle over just ) before the sell signals waiting . So big tf all point to more up before very big sells to start!!

Good volatilities expected last week can be again this week , just at higher levels.
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