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Cable Update (GBPUSD)

  • #265,941
  • Dec 8, 2010 12:23am Dec 8, 2010 12:23am
Quoting Cobby
38.2 fib of the H4 move up here

Attachment
why do traders have to make things so complicated?

draw s/r lines from each pivot high / low on your charts and you will find targets and buy / sell areas

1.5700 is three things
1) whole number
2) support from dec 6th
3) resistance from dec 3rd

It is not that hard

If we break here .. guess what ...we do not go to 78.6 fib of 4 hour move ... we go to weekly support 1.5650 . That breaks we go to Dec 1 resis 1.5620 , then 1.5520. I think you get the picture. Computer algos do not give a shit about fibs .. all they care about is supply and demand areas

Check out gold today $10 down $5 up , that was symmetry... talk about auto traded.

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #265,942
  • Dec 8, 2010 12:29am Dec 8, 2010 12:29am
15 min chart with s/r lines on it

HV are high volume pivots from up to 20 session back

purple ones close s/r line shown on 30 min pivot highs / lows ... cluster under us at 1,5650.

Blue lines prior days value area.... right now we just broke back into yesterdays vluae area.

I use London to London as London / us is where the volume is for my value area and volume histogram.

This is still a sell .....

1.5650 and if days range completes 1,5618 target

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  • #265,943
  • Dec 8, 2010 12:32am Dec 8, 2010 12:32am
Well shit...guess I ain't gunna get my cross...

Gone to bed with a bleeding nose.

lol

Night guys!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #265,944
  • Dec 8, 2010 12:33am Dec 8, 2010 12:33am
Quoting malcolmb14

If we break here .. guess what ...we do not go to 78.6 fib of 4 hour move ... we go to weekly support 1.5650 .]
5650 is the fity! damn nobody listens

Quoting wormboy
the fity, cable lovesthe fity
Thank You
  • #265,945
  • Dec 8, 2010 12:34am Dec 8, 2010 12:34am
yep cable loves the 50...

Attached Image
  • #265,946
  • Dec 8, 2010 12:36am Dec 8, 2010 12:36am
Quoting Magix
Well shit...guess I ain't gunna get my cross...

Gone to bed with a bleeding nose.

lol

Night guys!
no worries bro, you don't have to win every battle to win the war. have a good rest!


*too much caffeine causes me getting philosophical & shit*
Thank You
  • #265,947
  • Dec 8, 2010 12:36am Dec 8, 2010 12:36am
I give up

off back to cave with my s/r lines...

BTW i can justify away why any price that forms a pivot is a fib retracement of something..... simple supply demand areas are all that counts

and reaction of price to them
Blogging daily now at www.volume.zone
  • #265,948
  • Dec 8, 2010 12:39am Dec 8, 2010 12:39am
Quoting Cobby
yep cable loves the 50...
b-e-a-u-t

hey kewl, you're in a mig. make sure you have a parachute
Thank You
  • #265,949
  • Dec 8, 2010 1:00am Dec 8, 2010 1:00am
price pulls back to 14.6 fib of daily range
also S1 level

Attached Image
  • #265,950
  • Dec 8, 2010 1:03am Dec 8, 2010 1:03am
Quoting wormboy
the weekly pvp is a few pips down @5684. Methinks that'll be tested at least once first.
touchdown. here's where I get off.
Thank You
  • #265,951
  • Dec 8, 2010 1:04am Dec 8, 2010 1:04am
Quoting Cobby
price pulls back to 14.6 fib of daily range
also S1 level
today's low is also the weekly pvp. good time to cash in & be flat
Thank You
  • #265,952
  • Dec 8, 2010 1:07am Dec 8, 2010 1:07am
i have weekly pivot at 1.56815
  • #265,953
  • Dec 8, 2010 1:09am Dec 8, 2010 1:09am
Quoting Cobby
i have weekly pivot at 1.56815
that's just been tested too.
Thank You
  • #265,954
  • Dec 8, 2010 1:11am Dec 8, 2010 1:11am
Its got that look like it might bounce long here unless we crack this 568 ish level we may get some more short scalps in... not too sure yet...
  • #265,955
  • Dec 8, 2010 1:23am Dec 8, 2010 1:23am
bounce off M5 61.8 fib of last swing there

Attached Image
  • #265,956
  • Dec 8, 2010 1:32am Dec 8, 2010 1:32am
H4 uptrend bulls losing their grip?



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  • #265,957
  • Dec 8, 2010 1:36am Dec 8, 2010 1:36am
Quoting Cobby
price pulls back to 14.6 fib of daily range
also S1 level

Attachment

I had better stop trading . I been in the game 7 years never heard of a 14.6 fib
Blogging daily now at www.volume.zone
  • #265,958
  • Dec 8, 2010 1:39am Dec 8, 2010 1:39am
Quoting malcolmb14
I had better stop trading . I been in the game 7 years never heard of a 14.6 fib
........
How you doin Malcolmb... Long time...
Markets are not Random, they are designed!
  • #265,959
  • Dec 8, 2010 1:42am Dec 8, 2010 1:42am
14.6 is just part of the fibonacci series -
using the golden ratio of 0.618

23.6 * 0.618 yields... 14.6

the fundamental behind it is that if the fibonacci series
is used at all then fractally the 14.6 must show itself
at some stage...

it astonishes me too that it is not referred to anywhere?

but that's cool don't tell anyone...
  • #265,960
  • Dec 8, 2010 1:42am Dec 8, 2010 1:42am
Quoting malcolmb14
I had better stop trading . I been in the game 7 years never heard of a 14.6 fib
Thank You
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