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Cable Update (GBPUSD)

  • #263,601
  • Nov 6, 2010 11:03am Nov 6, 2010 11:03am
Looks promising Magix and i certainly give it a try in the future.

I was looking at range bar charts today, trying next week, see if it benefits. Have a great weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: range bar.gif Size: 33 KB
  • #263,602
  • Nov 6, 2010 11:08am Nov 6, 2010 11:08am
http://www.forexfactory.com/showthre...250606&page=79


oeps forgot, for those interested in range bars, here's the thread, last pages.
  • #263,603
  • Nov 6, 2010 11:23am Nov 6, 2010 11:23am
Quoting huskyboy
Looks promising Magix and i certainly give it a try in the future.

I was looking at range bar charts today, trying next week, see if it benefits. Have a great weekend.
Along with a few different brokers, I have also come across an excellent trade thread by brijon.

http://www.forexfactory.com/showthread.php?t=242404

Ultimately, it is much the same as what I have been working with, brijon has been able to put the ideas into description and offers up a fairly grand understanding of chart movements.

I posted the 30m chart as it seems to be the relevant time frame to be watching. the deflection on the upper side resistance in red, shows a possible target downside of the 200EMA on the M30 chart.

Now...it is the weekend, so, really anything could happen. If this was the pattern I spotted on Monday, I would be a lot more sold on the play, but will still be watching for this pattern completion come the new week.

About the only thing I find troubling here with a continued bearish trend is the support of EU. Euro has shown a fair amount of weakness compared to the GBP over the last couple of days, so, perhaps the support on the hourly will give it a little strength. Now, if EU goes up, we might see a little more of the bulls coming to play with cable prior to pattern completion.

Meh, who knows....

Chart 1, 30m support cable.
Chart 2, using the IBFX-CPR showing trade ranges and hourly support 200EMA.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: M30s.jpg Size: 122 KB
Click to Enlarge Name: eu1.jpg Size: 127 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #263,604
  • Nov 6, 2010 12:59pm Nov 6, 2010 12:59pm
Quoting anthoniex
I don't usually trade chart patterns but this is what I see...
top of cup and handle was broken, trend resuming?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-daily.gif Size: 23 KB
  • #263,605
  • Edited 6:20am Nov 7, 2010 6:06am | Edited 6:20am
Quoting kaspopsicle
I'm kicking myself, didnt get into any trade today as had other stuff to do and wasnt able to keep an eye on things. I just knew when you made that call this morning that all the ballistics were right for some lovely trades. The volatility of major pressure build up is something i cant resist...made mistakes to start with...but starting to learn through mistakes.At least with the help of guys like you i am building confidence through watching.
Learning... but well pissed at not trading
Please hang around... i'm sure i'm not the only one to have...
no worries, Kas, in this Biz not doing anything IS actually doing something...and something good at that when you're not in the flow...there're plenty of opportunities later on....so it's definitely correct thing to do making a move only when your mind's locked on the objective...
Hear the music before the song is over ...
  • #263,606
  • Edited 6:20am Nov 7, 2010 6:09am | Edited 6:20am
Quoting Brotyboy
You're a friend of Kas, so that on its own is good enough for me, but in just one of your posts of today I witnessed enough perspicacity, wit and intelligence to gladden my heart.

You make my spirits soar, like Jon Vickers, noted Heldentenor, singing 'M'Appari', or 'Cielo e Mar'.

I look forward to your further posts.
Steve
It takes one with perspicacity to recognize one...it's nice to meet you Steve...

Looking forward to reading your posts as well...
May your spirits soar Always!
Hear the music before the song is over ...
  • #263,607
  • Nov 7, 2010 6:12am Nov 7, 2010 6:12am
Quoting kaspopsicle
Allright..fish on the barbie ,my place next w/e.'an the ingin 'ane the ar...love you both.. looking forward to you'se both telling me what to do next week.
On with the show..
God bless ,wonderful weekend.

Ma Lord... Kas... that sounds tempting but in case I don't make it, take some fresh & crisp pics of them goodies for me, will you...?...
Hear the music before the song is over ...
  • #263,608
  • Edited 6:43am Nov 7, 2010 6:16am | Edited 6:43am
Quoting GlobalMacro
Hi folks...it's that time of the month again...

Cable took a breather yesterday running out of her bullish steam

Following 1.6300 rejection, momentum has been building up to the downside & wrestling w/ 1.6200 handle as we speak


Happy NFP!
Well my friends...

another (nfp) Friday has come & gone....

...AND the bearish bias persisted and prevailed at the end of the day!

Now the slate is clean for a whole new action day on Monday...

my bias's neutral at this point...will have to see what set-up Monday's going to have in store for us

I'll catch up with you guys during the course of the week

Best of Trading To All Of You!
Attached Image (click to enlarge)
Click to Enlarge Name: M30.gif Size: 9 KB
Hear the music before the song is over ...
  • #263,609
  • Nov 7, 2010 7:22am Nov 7, 2010 7:22am
This is what I am seeing at the moment...Daily chart...price reacts close to the red descending TL and makes a 38% retrace from NOV2 low to NOV4 high.

I have a bullish bias on this timeframe although I dont bet from a daily chart...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gudailyfib1.jpg Size: 75 KB
Click to Enlarge Name: gudailyfib.PNG Size: 26 KB
  • #263,610
  • Nov 7, 2010 7:22am Nov 7, 2010 7:22am
Time Will Tell

Rgds,iqyu
http://www.forexfactory.com/showpost...&postcount=881
Attached Image (click to enlarge)
Click to Enlarge Name: usdx 4h nov7.gif Size: 11 KB
not euphoria follower
  • #263,611
  • Nov 7, 2010 8:19am Nov 7, 2010 8:19am
Quoting GlobalMacro
Ma Lord... Kas... that sounds tempting but in case I don't make it, take some fresh & crisp pics of them goodies for me, will you...?...
Trying to upload as we speak..hehe..i think i just might have done it..only been trying for six months.Thanks for the encougagement up the f@@ny, will improve on the colours next week.
My bias on this chart is also neutral.. i'm simply going to watch out for the thick blue line.Trend lines are on my 4h.
Thanks again,GM.
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (05-NOV-10).png Size: 19 KB
All systems of divination, like music itself,work through patterns.
  • #263,612
  • Nov 7, 2010 9:06am Nov 7, 2010 9:06am
Sorry for just putting a chart up without explanation.Was so happy to get a chart up at last that i completely forgot.... My usual style of trading is to scalp off the 5min. Before entering a trade i check the higher time frames for S&R..trend lines that i draw in and horizontal lines going back to monthly,at times,and make a note on paper beside me as drawing stuff in on the 5 min.doesnt work..for me. My trigger is the 10ema crossing the 20ema most of the time . Thanks to the good people on this thread i have been experimenting with the interraction of the 200 ema on 1min up to 4hr..with success. I know that any edge that i am developing i owe to the input of these good people..i feel very fortunate to be in a position to experience such a brilliant learning environment. Thanks guys and girls.
Good Luck for the week ahead.
All systems of divination, like music itself,work through patterns.
  • #263,613
  • Nov 7, 2010 1:56pm Nov 7, 2010 1:56pm
Evening all

I am Neutral on cable at the moment but will be going short or long dependent on a nice breakthrough of my Purple lines drawn on the chart below:

Buy above 1.6208
Sell below 1.6167
Attached Image (click to enlarge)
Click to Enlarge Name: chart7thnov.gif Size: 51 KB
Enter Signature
  • #263,614
  • Nov 7, 2010 2:25pm Nov 7, 2010 2:25pm
This was my last friday spot
GELORE
  • #263,615
  • Nov 7, 2010 2:29pm Nov 7, 2010 2:29pm
Quoting musani
This was my last friday spot
What was?
All systems of divination, like music itself,work through patterns.
  • #263,616
  • Edited 4:38pm Nov 7, 2010 4:23pm | Edited 4:38pm
Market open people, gap was up, filled the gap @ 1.61832 and is now moving up

then down and up
Attached File(s)
File Type: doc gbp usd open.doc   103 KB | 388 downloads
I need to finish something i started
  • #263,617
  • Nov 7, 2010 4:40pm Nov 7, 2010 4:40pm
Anyone with GFT, i cant save any charts or other info , i have to print screen to save any charts anyone know any other way.

W
I need to finish something i started
  • #263,618
  • Nov 7, 2010 5:06pm Nov 7, 2010 5:06pm
Quoting bigwal
Anyone with GFT, i cant save any charts or other info , i have to print screen to save any charts anyone know any other way.

W
sorry,i'm on I.T. i have to do things completely the opposite and its already taken me six months to work that out....would help if i could...Platform Tech perhaps?
All systems of divination, like music itself,work through patterns.
  • #263,619
  • Nov 7, 2010 5:08pm Nov 7, 2010 5:08pm
thats why i post charts from ibfx not gft, cos its easy.

its a whole other ball game when your not using mq4.
I need to finish something i started
  • #263,620
  • Nov 7, 2010 5:42pm Nov 7, 2010 5:42pm
Quoting bigwal
thats why i post charts from ibfx not gft, cos its easy.

its a whole other ball game when your not using mq4.
Never heard of mq4 or gft, just googled them, not bothered.Am i missing something significant from your post?
All systems of divination, like music itself,work through patterns.
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