Cable Update (GBPUSD)

thanks for that magix.. must be a blur on multiple pairs



gl

Be careful of your balls man.

i'm comfortable on the 30 min TF.. look at other higher for trade confidence/techs etc, but 30 min suits me...

weird how yesterday i posted about the resistance and major wick action on 30 min to the downside and price took no notice and flew south..

today again major wick action this time predominantly to the upside, and price adhered to it and flew south lol...

back to candlesticks for dummies perhaps?

another stab at the monthly supp level plez

little trip south there leaving a bullish pin bar on 30 min..

brief trip south fakey?? north anyone?

no north unless price close above dp my friend, but that's just me ..

no north unless price close above dp my friend, but that's just me ..

fair enough WB.. however to get to the DP to find out, price would have to go north would it not?..

but you are probably correct re direction..feels that way at the mo.

we already had 5 dp tests that failed today, that's what I meant about not buying unless price can close above the dp ..
The last test closed a high wave spinning top, that prompted me to sell. Let's see if I get lucky

Have a good one my friend

thanks WB.. wish you luck as well...(obviously conditional on reaching my tp first not taking out your stops and then lining your pockets with gold after..)

gl bud

This could be the beginning of a nice H&S formation, but I could be wrong!



I will be going long at the demand zones and short at the supply zones.

I wish you success with your trading!

Just thought I'll throw my opinion, I'm seeing a bounce to 1.5900+, a major T/L was broken a couple of days ago then a retrace immediately after, now it will bounce to H4 ichimoku Kinko Hyo area in the next couple of days.

Good luck,
Hyper-fx

Alpari NZ Limited

Account: 2802434Name: mircherCurrency: USD2010 November 24, 20:24
Closed Transactions:
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949766252010.11.22 18:34balanceDeposit3 000.00
949768712010.11.22 18:35buy5.00gbpusd1.590531.592001.600002010.11.22 19:531.592770.000.000.001 120.00
949884972010.11.22 19:48buy limit5.00gbpusd1.588500.000001.590002010.11.23 12:211.59326cancelled
949893862010.11.22 19:53sell5.00gbpusd1.592850.000001.590002010.11.23 07:481.590000.000.00-14.501 425.00
950959542010.11.23 09:01sell5.00gbpusd1.593290.000001.592002010.11.23 10:041.592000.000.000.00645.00
951371712010.11.23 12:19sell0.10gbpusd1.593010.000001.592092010.11.23 12:401.592090.000.000.009.20
951641062010.11.23 14:42sell0.10gbpusd1.592611.609921.589172010.11.23 14:541.591730.000.000.008.80
952204192010.11.23 17:55buy5.00gbpusd1.582670.000001.583002010.11.24 04:271.583000.000.00-0.50165.00
952407452010.11.23 19:53buy1.00gbpusd1.578510.000001.581782010.11.23 20:001.579140.000.000.0063.00
952438942010.11.23 20:14buy1.00gbpusd1.578090.000001.581402010.11.23 20:551.578280.000.000.0019.00
953886142010.11.24 15:17sell0.10gbpusd1.579950.000001.578812010.11.24 15:181.579620.000.000.003.30
954218252010.11.24 17:54buy0.10gbpusd1.576701.572981.579962010.11.24 17:561.577300.000.000.006.00
954254482010.11.24 18:15sell0.10gbpusd1.579181.584001.574072010.11.24 18:261.578490.000.000.006.90
0.000.00-15.003 471.20
Closed P/L:3 456.20
Open Trades:
TicketOpen TimeTypeSizeItemPriceS / LT / P PriceCommissionTaxesSwapProfit
No transactions
0.000.000.000.00
Floating P/L:0.00
Working Orders:
TicketOpen TimeTypeSizeItemPriceS / LT / PMarket Price
954223142010.11.24 17:57buy limit0.10gbpusd1.572000.000001.57600 1.57702

Summary:
Deposit/Withdrawal:3 000.00Credit Facility:0.00
Closed Trade P/L:3 456.20Floating P/L:0.00Margin:0.00
Balance:6 456.20Equity:6 456.20Free Margin:6 456.20

Details:

Gross Profit:3 456.20Gross Loss:0.00Total Net Profit:3 456.20
Profit Factor:Expected Payoff:314.20
Absolute Drawdown:0.00Maximal Drawdown:0.00 (0.00%)Relative Drawdown:0.00% (0.00)

Total Trades:11Short Positions (won %):6 (100.00%)Long Positions (won %):5 (100.00%)
Profit Trades (% of total):11 (100.00%)Loss trades (% of total):0 (0.00%)
Largestprofit trade:1 410.50loss trade:0.00
Averageprofit trade:314.20loss trade:0.00
Maximumconsecutive wins ($):11 (3 456.20)consecutive losses ($):0 (0.00)
Maximalconsecutive profit (count):3 456.20 (11)consecutive loss (count):0.00 (0)
Averageconsecutive wins:11consecutive losses:0

hi hyper.. thanks for the post....where ish zone wise you seeing the bounce from? ie: the rough price we may see this ongoing sell pressure finally relent and let those bulls start laying some gloves on the grizzlies..

update... its itching to blow.. pussies in the bull camp yet again

15760 seems to be holding at the mo and previously - watch it blow now..

regards

update: it's itching to dive.. i got pussies in the bull camp again (nothing personal to those who are long on here ) ;-)

i believe you will never lose dude, cos mostly you don't have SL, margin call is more suitable for you...proof me wrong next year..

if not, down to my fib line.

LOL.

Hi naboo,
I agree, it seems like bears are in control, but bulls will come to rescue at some point. I was checking historical Thanksgiving on this pair, it's usually a sell off. So, I may be wrong. if the current support holds, we'll see upswing, if not, watch out down below.

Hyper-fx

http://i56.tinypic.com/28qxiiq.png

http://i55.tinypic.com/30vn82e.png

done, target met.

Wormie,

I am with you all the way. Already in a short from a couple days ago. Still have room bottom side. This will probably make for the 161.8 fib before it is over.

C.