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Cable Update (GBPUSD)

  • #264,641
  • Nov 17, 2010 11:33pm Nov 17, 2010 11:33pm
Chart ? if u don't mind

rgds,iqyu

Quoting Mr.Elliott
so far rite now it is still ranging...so basically no clear direction yet.....
honestly saying that rite now i only see long...my bias may change after LO...who knows
so far the PA have more bulls rather than bears...but yes...i make go down suddenly without looking back....but now my money is on the bulls....

ps:still holding my long position from yesterday coz rite now it look bullish....
not euphoria follower
  • #264,642
  • Nov 17, 2010 11:38pm Nov 17, 2010 11:38pm
Quoting TauTrader
Good day to you,

I just can not see longs.... I'm looking and looking - but it looks to me that the last day or so has been a reload for short.

Bias remain to the downside...

What am I not seeing?

Regards
Check out the 4 majors...

All of them filled to back played levels before deciding a new direction...All, except cable. Check out how the Numbers line on the other 3 TT...We haven't cleared the books yet. They will fill, just dunno if we gunna go down more before or hit and drop like the others did today.

Next, check out support off the LTL...yeah, I know, I am the one who mocks others who use this shit, but well, I just don't typically like how most use them, not that they cannot be used....
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,643
  • Nov 18, 2010 12:02am Nov 18, 2010 12:02am
Quoting iqyu5an
Chart ? if u don't mind

rgds,iqyu
here you go....sorry for the messy chart....
but still i maybe wrong...in predicting this....
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  • #264,644
  • Nov 18, 2010 12:12am Nov 18, 2010 12:12am
Quoting Mr.Elliott
here you go....sorry for the messy chart....
but still i maybe wrong...in predicting this....
me thinks that between 1.5930 - 1.5950 is a very intense level for the bull...if they make it then NORTH we go...where?still i dunnobut this level is where we might see if the bears are really determined to take over the market from the bull...thats how i see it for now...
  • #264,645
  • Nov 18, 2010 12:18am Nov 18, 2010 12:18am
Closed these ones here, close enuff to the mark.

Good gains on these for ez money...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,646
  • Nov 18, 2010 12:24am Nov 18, 2010 12:24am

but seismic section is more messy and complex, imho ...

sometimes trading like an exploration finding oil and mineral reserves. Oil is in your brain, right ?

rgds,iqyu

Quoting Mr.Elliott
here you go....sorry for the messy chart....
but still i maybe wrong...in predicting this....
not euphoria follower
  • #264,647
  • Nov 18, 2010 12:28am Nov 18, 2010 12:28am
Learning material is provided with best intrests in this forum. But when it comes to predicting the next move....most of the posts leave me more and more confused
  • #264,648
  • Nov 18, 2010 12:33am Nov 18, 2010 12:33am
There are certain level on cable I'd like to see for either shortterm shorts or even longs:

http://img405.imageshack.us/img405/4...sd20101118.gif

and of course a closer look:

http://img44.imageshack.us/img44/917...d220101118.gif

what do you guys think?

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  • #264,649
  • Nov 18, 2010 12:36am Nov 18, 2010 12:36am
Quoting iqyu5an

but seismic section is more messy and complex, imho ...

sometimes trading like an exploration finding oil and mineral reserves. Oil is in your brain, right ?

rgds,iqyu
as you always say "only time will tell"
  • #264,650
  • Nov 18, 2010 12:40am Nov 18, 2010 12:40am
Well, hitting the 15m line in the sand and after having waited for the whole friggen day, or well, the last 8 Hrs, for this to come to fruition...I am taking these out @ the 15m resist...

Been a good day, and a killer week...closed some grands on the Dragon, EJ, EU, Cable, GBP/CHF, and EUR/GBP...

Best of luck on London...Ima go sleep now...

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #264,651
  • Nov 18, 2010 12:42am Nov 18, 2010 12:42am


who knows when earthquake and tsunami will happen bro ?

rgds,iqyu


Quoting Mr.Elliott
as you always say "only time will tell"
not euphoria follower
  • #264,652
  • Nov 18, 2010 2:00am Nov 18, 2010 2:00am
Price pulled back from yesterday's 5946 hi (200sma on 4hr, 23.6% 6297-5837) as it remained above the ascending trend line on the daily t/f after Tuesday's low at it...the pullback found fresh demand @ 5885 area which was tested twice resulting in a re-test of that previous 1hr swing hi zone around yesterday's said hi where some supply has been encountered.

Above current hi the previous 1hr/4hr swing lo zones startying around 5952 are the next upside barrier ?

Current near-term 1hr screenshot below

Uk data later.

G/L
http://www.easy-upload.net/fichiers/z.201011189333.gif
ex member
  • #264,653
  • Edited 2:45am Nov 18, 2010 2:06am | Edited 2:45am
Quoting jaggu
Learning material is provided with best intrests in this forum. But when it comes to predicting the next move....most of the posts leave me more and more confused
Thats a good place to start.Gives you loads of question marks in your head. Try sorting one question mark at a time. Good Luck and trade well.
All systems of divination, like music itself,work through patterns.
  • #264,654
  • Nov 18, 2010 2:09am Nov 18, 2010 2:09am
Good day to you,

thank you all for your views. My apology for the late reply - was out.

Regards
  • #264,655
  • Nov 18, 2010 2:12am Nov 18, 2010 2:12am
Attached Image
  • #264,656
  • Nov 18, 2010 2:21am Nov 18, 2010 2:21am
Re-test of yesterday's Hi is today's current hi, also 4hr 200sma and 23.6% 6297-5837 and 38.2% 6123-same 5837 lo there...You can see the bearish divergence play on 5min at the said hi.

G/L

http://www.easy-upload.net/fichiers/z.2010111892132.gif
ex member
  • #264,657
  • Nov 18, 2010 2:34am Nov 18, 2010 2:34am
Lots of news in an hour
Gone to a better place
  • #264,658
  • Nov 18, 2010 2:38am Nov 18, 2010 2:38am
It will be interesting to see if we can break 1.5888. I'm currently short from 1.5926
  • #264,659
  • Nov 18, 2010 2:44am Nov 18, 2010 2:44am
I wonder how significant the double top on 1hr is ? Time will tell I guess..right now price is testing that previous 1hr swing lo zone around 5885 lo...61.8% fib there too....as asian advance in the pairing all but gone.

G/L
Attached Image
ex member
  • #264,660
  • Nov 18, 2010 2:56am Nov 18, 2010 2:56am
1min led the way at that previous 1hr swing lo x 2 zone/61.8% fib but 5min also saw a bull thrust close above last LH as a trigger for a few pips gain too....those doublebottoms can provide good support or sbr if tested on pullback following downside break.

Breaking now till 0930am Uk data

G/L
Attached Image
ex member
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