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Cable Update (GBPUSD)

  • #253,841
  • Sep 16, 2010 11:12pm Sep 16, 2010 11:12pm
Quoting USD-Bear
I'm not that wet behind the ears (don't know if thats an English saying) but what are 500 pips on a daily chart like this: ?

Attachment
A fib 50 line.

Much the same as I posted over 3 weeks ago.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #253,842
  • Sep 16, 2010 11:18pm Sep 16, 2010 11:18pm
Quoting Magix
A fib 50 line.

Much the same as I posted over 3 weeks ago.
Yes, the fib 38 and PA pattern did it for me, I don't mind some ups and down meanwhile....

Attached Image (click to enlarge)
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Don't be a hero. Don't have an ego. Always question yourself
  • #253,843
  • Sep 16, 2010 11:22pm Sep 16, 2010 11:22pm
Quoting USD-Bear
Yes, the fib 38 and PA pattern did it for me, I don't mind some ups and down meanwhile....

Attachment
Don't mind...I live for this shit!
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #253,844
  • Sep 16, 2010 11:27pm Sep 16, 2010 11:27pm
Quoting Magix
Don't mind...I live for this shit!
Yes I know.....
Good pipping for us both!
Don't be a hero. Don't have an ego. Always question yourself
  • #253,845
  • Sep 16, 2010 11:27pm Sep 16, 2010 11:27pm
Quoting mktjong
ooppss .. you're right, we have reached 1.60 this year .. hehe .. what I meant it's not gonna happen again this year. My analysis is based on COT data plus UK economy is no more better or even worst than US.
may be you are right but can't you see that risk aversion and BOJ intervention in Yen pairs and f it happen again later in next week and GJ and all crosses will go up so GU will follow it also since past week UK data are not good but its still gaining due to Risk so we can't say that it can't happen or anything like that watch PA.there is no sign of reversal its showing continuation in it let see how it goes

Ub
  • #253,846
  • Sep 16, 2010 11:55pm Sep 16, 2010 11:55pm
Quoting Magix
When you study the pairs...

I watch 6 charts to trade 4...I watch 12 charts to trade 1...

You know how many charts I have open?

x 3 brokers.

Why?

Well, it's kinda like which basket to put the eggs into.

Don't wanna have all of em in one, so, where and how could you disperse?

If you look at the charts, EU is leading the pack on longs....
Man...how long did it take you to be able to read those charts bro? One of my friends had a chart just like yours and I could never figure out how he could see any of the candlesticks through all of the indicators! The only indicator I use is a simple one to plot daily high and low. It is crazy how many different style's there are out there!

Good pippin man!
  • #253,847
  • Sep 17, 2010 12:41am Sep 17, 2010 12:41am
Quoting egkid
Watch out bro and enjoy At least my system Tell me so "We just break the range and we going UP UP e/u and g/u
Always enjoy chess....I made my move , Gonna B COOL Day
http://www.youtube.com/watch?v=mnqj3...layer_embedded
Good Girl
  • #253,848
  • Sep 17, 2010 12:51am Sep 17, 2010 12:51am
Thanks Coggie. I have learnt something from you: if there is no clear sign of turn, just stick with it, and don't try and predict a turn.

I am now 150pips up from yesterday. I normally would have already got out and gone short with a loss.
  • #253,849
  • Sep 17, 2010 12:57am Sep 17, 2010 12:57am
Broke through the 100 pip inverse H&S. 15750 target possible, average daily range is filled though.

Not sure if the news spike yesterday can be taken into consideration, otherwise the H&S is smaller. Let's see.
  • #253,850
  • Sep 17, 2010 1:14am Sep 17, 2010 1:14am
Target achieve, now standing aside... waiting till news


Quoting scurt
still bullish on cable, holding position from 5590, and 5612...
H1, H4 looks 100% bullish, we are after bad news stil above DP, even H1 dont close below DP. Looking for 5690 as a final target. On 5650 will close part of position and set SL to BE

Quoting scurt
Still holding 5590, half position closed at 5645...
if the upward TL will be broken on H4 going short, if new high is made will add to longs... looking at 1.5700-1.6
  • #253,851
  • Sep 17, 2010 1:20am Sep 17, 2010 1:20am
Quoting scurt
Target achieve, now standing aside... waiting till news
Yup me too, plus of course we have the 'Freaky Friday' as well which makes everyone more careful.

Good morning by the way, bright ans sunny here
  • #253,852
  • Sep 17, 2010 1:23am Sep 17, 2010 1:23am
.
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  • #253,853
  • Sep 17, 2010 1:25am Sep 17, 2010 1:25am
Quoting nAVIN2007
.
what is your target for GU bro??65

Ub
  • #253,854
  • Sep 17, 2010 1:33am Sep 17, 2010 1:33am
Good morning as well , here is sunny too, but cold... hate autumn and winter....

Quoting AdrianHNV
Yup me too, plus of course we have the 'Freaky Friday' as well which makes everyone more careful.

Good morning by the way, bright ans sunny here
  • #253,855
  • Sep 17, 2010 1:39am Sep 17, 2010 1:39am
Quoting scurt
Good morning as well , here is sunny too, but cold... hate autumn and winter....
Morning All,
  • #253,856
  • Sep 17, 2010 1:43am Sep 17, 2010 1:43am
Quoting ubaidahsan
what is your target for GU bro??65

Ub

if it breakout here then 1.58 key is patience my friend..i was lucky thou..for such definately wasnt my smartest trade

if u look on the weekly im looking for a new swing high..but that means 1.58 needs to go the 1.60..then if that happens i have caught a trend change..i believe
  • #253,857
  • Sep 17, 2010 1:46am Sep 17, 2010 1:46am
Quoting grashid
u guys keep looking for bear but how about i am looking to buy dip from ~ 1.53 area till 1.55-1.57?

..by then only i will take my swing bear setting...
close my long..nnnnnn........
  • #253,858
  • Edited 2:15am Sep 17, 2010 1:51am | Edited 2:15am
61% almost hit
Also,on the daily yesterday was a hanging man
I have 4 positions short with average price 15684...looking for 15660
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  • #253,859
  • Sep 17, 2010 1:52am Sep 17, 2010 1:52am
I see this needing to drop slightly before we continue up, anybody feel the same?

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  • #253,860
  • Sep 17, 2010 1:52am Sep 17, 2010 1:52am
Quoting grashid
close my long..nnnnnn........


caught it from both ends
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