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Cable Update (GBPUSD)

  • #265,361
  • Nov 25, 2010 10:22pm Nov 25, 2010 10:22pm
so who became the turkey?
Thank You
  • #265,362
  • Nov 25, 2010 10:50pm Nov 25, 2010 10:50pm



i will catch the bottom and take a little long for it!!!!
  • #265,363
  • Nov 25, 2010 10:58pm Nov 25, 2010 10:58pm
Quoting bob_nofats



i will catch the bottom and take a little long for it!!!!
lol, don't forget to wear gloves
Thank You
  • #265,364
  • Nov 25, 2010 11:02pm Nov 25, 2010 11:02pm
Quoting wormboy
hehe, see no harm in waiting. so who became the turkey?

anyway my position is still flat. Range just got insanely tight with 15 pips separating today's dp & the monthly support level. Breakout is imminent, let's see which way she pops.

Good luck.
pops down as monthly support gives way. first target @5645.

Good luck
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Click to Enlarge Name: gu1.gif Size: 23 KB
Thank You
  • #265,365
  • Nov 25, 2010 11:05pm Nov 25, 2010 11:05pm
hi
Attached Image (click to enlarge)
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  • #265,366
  • Nov 25, 2010 11:09pm Nov 25, 2010 11:09pm
Quoting wormboy
lol, don't forget to wear gloves
Picking Bottoms is a "stinky job".. use the right tools as directed
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  • #265,367
  • Nov 25, 2010 11:13pm Nov 25, 2010 11:13pm
yeah you're right man!! use the right tools for the right job !!!!!!!!!
  • #265,368
  • Nov 25, 2010 11:52pm Nov 25, 2010 11:52pm
Quoting wormboy
so who became the turkey?
Lennon from the Beatles
Apple sells them now online." Abby road" bestseller
  • #265,369
  • Nov 26, 2010 12:29am Nov 26, 2010 12:29am
956623042010.11.26 06:59buy1.00gbpusd1.573180.000001.573302010.11.26 09:261.573080.000.000.00-10.00956857782010.11.26 08:59buy1.00gbpusd1.570570.000001.573312010.11.26 09:211.571600.000.000.00103.00 0.000.00-15.303 738.50Closed P/L:3 723.20Open Trades:TicketOpen TimeTypeSizeItemPriceS / LT / P PriceCommissionTaxesSwapProfitNo transactions 0.000.000.000.00 Floating P/L:0.00Working Orders:TicketOpen TimeTypeSizeItemPriceS / LT / PMarket Price No transactions Summary:Deposit/Withdrawal:3 000.00Credit Facility:0.00 Closed Trade P/L:3 723.20Floating P/L:0.00Margin:0.00Balance:6 723.20Equity:6 723.20Free Margin:6 723.20 Details:[IMG]file:///C:/Documents%20and%20Settings/Courier.VHOUSE/Мои%20документы/DetailedStatement261110.gif[/IMG]Gross Profit:3 751.40Gross Loss:28.20Total Net Profit:3 723.20Profit Factor:133.03Expected Payoff:132.97 Absolute Drawdown:0.00Maximal Drawdown:18.20 (0.27%)Relative Drawdown:0.27% (18.20) Total Trades:28Short Positions (won %):15 (86.67%)Long Positions (won %):13 (92.31%)Profit Trades (% of total):25 (89.29%)Loss trades (% of total):3 (10.71%)Largestprofit trade:1 410.50loss trade:-10.00Averageprofit trade:150.06loss trade:-9.40Maximumconsecutive wins ($):23 (3 644.30)consecutive losses ($):2 (-18.20)Maximalconsecutive profit (count):3 644.30 (23)consecutive loss (count):-18.20 (2)Averageconsecutive wins:13consecutive losses:2
  • #265,370
  • Nov 26, 2010 12:36am Nov 26, 2010 12:36am
Quoting meromar
956623042010.11.26 06:59buy1.00gbpusd1.573180.000001.573302010.11.26 09:261.573080.000.000.00-10.00956857782010.11.26 08:59buy1.00gbpusd1.570570.000001.573312010.11.26 09:211.571600.000.000.00103.00 0.000.00-15.303 738.50Closed P/L:3 723.20Open Trades:TicketOpen TimeTypeSizeItemPriceS / LT / P PriceCommissionTaxesSwapProfitNo transactions 0.000.000.000.00 Floating P/L:0.00Working Orders:TicketOpen TimeTypeSizeItemPriceS / LT / PMarket Price No transactions Summary:Deposit/Withdrawal:3 000.00[b]Credit...
You really know how to make my eye's water bro. Flamin' heck man.
You've got to be IN IT to WIN IT!
  • #265,371
  • Edited 1:23am Nov 26, 2010 1:10am | Edited 1:23am
G/M,

Today's current 5684 Lo @ the confluence of the bottom of a previous 4hr swing lo zone, 76.4% 5503-6297/61.8% 5296-6297, and Daily S2 pivot area, 100sma on daily t/f and a further breech of the bottom 4hr descending channel....Nice 5min bullish divergence play at that lo shown below.
http://www.easy-upload.net/fichiers/...1126101314.gif

Recovery has seen fresh supply at the 38.2% 5837-5684 and the 1hr previous swing lo zone.

Current near-term 1hr screenshot shown below.

G/L
http://www.easy-upload.net/fichiers/z.2010112610954.gif
ex member
  • #265,372
  • Nov 26, 2010 1:25am Nov 26, 2010 1:25am
Immediately Below current price/lo the 1.618% extension of the 5835-6093 daily swing is @ 5672 with weekly S2 anywhere between 5682-5672 area and that begins a previous daily/4hr swing lo zone extending down to 5647...daily S3 in there @ 5659.

G/L
ex member
  • #265,373
  • Nov 26, 2010 1:55am Nov 26, 2010 1:55am
Price stretched down to daily S3 pivot in the previous 4hr swing lo x 2 zone/previous daily swing lo x 2 zone...

Current near-term 4hr screenshot shown below...not shown on here are the fibs of major 1hr swings to current lo below 6093.

Price is @ 72% of it's 20 day average daily range so far today, and 134% of it's 20 week average so far this week.

G/L

http://www.easy-upload.net/fichiers/z.2010112610550.gif
ex member
  • #265,374
  • Nov 26, 2010 2:19am Nov 26, 2010 2:19am
There are so many swings lows on the daily that you can join a fib up to the 6297 hi from but the 'main' ones that show on the weekly as obvious swings are used in the analysis below.

Below the potential support zone being tested now and discussed in a post above 5533-23-01 looks like a previous daily/4hr swing lo zone with 5533 being 76.4$ 5296-6297, 5509 the 38.2% 4225-6297 and 5502 the current week's weekly S2 pivot area. There is a daily t/f ascending trend line that might come through this zone but today it would come through around 5410.
---------------------------

I didn't have a corresponding 1min set-up at which to time entry long from the current potential support zone but used close of the 1044 1min bullish thrust candle as a trigger entry into a 15min bullish divergence (etc) set-up which is shown below....a swift final pip gain to end the day and week flat on.

G/L

http://www.easy-upload.net/fichiers/...1126111725.gif
ex member
  • #265,375
  • Nov 26, 2010 2:25am Nov 26, 2010 2:25am
Final look @ current 1hr near-term screeshsot below. The yellow 1hr fib is drawn from 6083- current lo...orange and grey ones self explanatory.

Flat again just after the long up from that close of the 1044 1min bullish thrust candle trigger which is also shown below.

G/L

http://www.easy-upload.net/fichiers/...0112611244.gif
Attached Image
ex member
  • #265,376
  • Nov 26, 2010 2:31am Nov 26, 2010 2:31am
I have 4hr fibs drawn from the 4hr swings Hi's 6297, 6183 and 6093 to the current lo @ 5660.

Hope this thread picks up again, has died in recent weeks, seems everyone over @ the eurusd thread, - don't know how they keep up with that one Lol.

Have a good rest of day and weekend.

G/L.
ex member
  • #265,377
  • Nov 26, 2010 2:33am Nov 26, 2010 2:33am
Quoting bbmac
I have 4hr fibs drawn from the 4hr swings Hi's 6297, 6183 and 6093 to the current lo @ 5660.

Hope this thread picks up again, has died in recent weeks, seems everyone over @ the eurusd thread, - don't know how they keep up with that one Lol.

Have a good rest of day and weekend.

G/L.
Thanks again for your great insight Mac as well trying to keep the thread alive which is quite worrying. Have a great WARM (lol) weekend mate.
You've got to be IN IT to WIN IT!
  • #265,378
  • Nov 26, 2010 3:21am Nov 26, 2010 3:21am
waiting game for next episode. hopefully TL is not broken. BUT if the TL does break..GU is doomed.
Attached Image (click to enlarge)
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  • #265,379
  • Nov 26, 2010 3:27am Nov 26, 2010 3:27am
1.5651 level is very strong Support level..if its broke then GU got new low..
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  • #265,380
  • Nov 26, 2010 3:59am Nov 26, 2010 3:59am
Ok so what is it your selling?

Quoting meromar
956623042010.11.26 06:59buy1.00gbpusd1.573180.000001.573302010.11.26 09:261.573080.000.000.00-10.00956857782010.11.26 08:59buy1.00gbpusd1.570570.000001.573312010.11.26 09:211.571600.000.000.00103.00 0.000.00-15.303 738.50Closed P/L:3 723.20Open Trades:TicketOpen TimeTypeSizeItemPriceS / LT / P PriceCommissionTaxesSwapProfitNo transactions 0.000.000.000.00 Floating P/L:0.00Working Orders:TicketOpen TimeTypeSizeItemPriceS / LT / PMarket Price No transactions Summary:Deposit/Withdrawal:3 000.00[b]Credit...
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