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Cable Update (GBPUSD)

  • #266,001
  • Dec 8, 2010 4:45am Dec 8, 2010 4:45am
SELL SELL SELL


15742


Would I lie to you?
"Timing Is Everything. Really I Swear It Is"
  • #266,002
  • Dec 8, 2010 4:48am Dec 8, 2010 4:48am
why would u sell it when is clear uptrend
  • #266,003
  • Dec 8, 2010 4:49am Dec 8, 2010 4:49am
Quoting wormboy
If we get that far up bro, I'll be buying
Nah, eyes on dp @760 & monthly pvp @781 for the big rejection.

What are you trading now?
check. there's the dp retest.

Let's see what happens at the monthly pvp next
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Thank You
  • #266,004
  • Dec 8, 2010 4:49am Dec 8, 2010 4:49am
Upside break of the 15min triangle/pennant/flag/thingy sees price arrive at the daily pivot/61.8% 5822-5667.

Finishing here for day with final loook at 4hr near-term screesnhot...ignore asacending trend line/channel...the lo @ 5667 (today's current lo) is not a fractal swing on this 4hr t/f yet so it is invalid as an ascending trend line until it is.

G/L
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ex member
  • #266,005
  • Dec 8, 2010 4:53am Dec 8, 2010 4:53am
Quoting gsantri
I wonder what is that in 1.5719 area?
Looks pretty strong resistant
Broken, after 2.5 hours hold during LO
Testing DP as support now
  • #266,006
  • Dec 8, 2010 4:59am Dec 8, 2010 4:59am
yop price is making higher high and higher lows. Until major low is taking out would say price will make higher high
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  • #266,007
  • Dec 8, 2010 5:06am Dec 8, 2010 5:06am
This could be forming a classic Head & Shoulders formation on the 4 hour. Watching it closely.
May the forex be with you |
  • #266,008
  • Dec 8, 2010 5:10am Dec 8, 2010 5:10am
Quoting wormboy
check. there's the dp retest.

Let's see what happens at the monthly pvp next
check. there's the monthly pvp retest. flat again.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 28 KB
Click to Enlarge Name: gu1b.gif Size: 28 KB
Thank You
  • #266,009
  • Dec 8, 2010 5:13am Dec 8, 2010 5:13am
Quoting wormboy
check. there's the monthly pvp retest. flat again.
cashed in the long scalp
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Thank You
  • #266,010
  • Dec 8, 2010 5:17am Dec 8, 2010 5:17am
Greeting guys.
I start 5780 sell position now.
There is resistance at 5783 and also fibo at 5814.
I thought its descent short start point but kinda reconsidering about it.

I set 5840 as a stop and 5610 as my target.
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  • #266,011
  • Dec 8, 2010 5:19am Dec 8, 2010 5:19am
done for the day..+60
loser yesterday
+250 for dec

believe price will stall poss here or test 15800 and then retrace..


anyone know what spiked price? can't see any major news?
  • #266,012
  • Dec 8, 2010 5:24am Dec 8, 2010 5:24am
Quoting naboo
done for the day..+60
loser yesterday
+250 for dec

believe price will stall poss here or test 15800 and then retrace..


anyone know what spiked price? can't see any major news?
great job man. Keep it with a good work
  • #266,013
  • Dec 8, 2010 5:24am Dec 8, 2010 5:24am
Quoting naboo

anyone know what spiked price? can't see any major news?
Possibly US equity futures?
Gone to a better place
  • #266,014
  • Dec 8, 2010 5:29am Dec 8, 2010 5:29am
Quoting bonus76
great job man. Keep it with a good work

thanks bonus.. amazing how much better i do when i dont post trades lol..

here to learn and mingle.. however people wont learn too much from me i guess on my current trade/posts as i just follow rules ive set myself..fundi's and techs are an aside...
  • #266,015
  • Dec 8, 2010 5:48am Dec 8, 2010 5:48am
believe price will stall poss here or test 15800 and then retrace..

there's some intent in those 30 min candles..
  • #266,016
  • Dec 8, 2010 5:49am Dec 8, 2010 5:49am
Quoting wormboy
cashed in the long scalp
Nice scalp WB
I think next is 5814-5818
  • #266,017
  • Dec 8, 2010 5:55am Dec 8, 2010 5:55am
Quoting gsantri
Nice scalp WB
I think next is 5814-5818
oops round number 1.5800
  • #266,018
  • Dec 8, 2010 6:03am Dec 8, 2010 6:03am
Quoting wormboy
If we get that far up bro, I'll be buying
Nah, eyes on dp @760 & monthly pvp @781 for the big rejection.

What are you trading now?
check, there's the big rejection @781. Trigger to short will be if the current candle closes bearish.
Attached Image(s) (click to enlarge)
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Thank You
  • #266,019
  • Dec 8, 2010 6:05am Dec 8, 2010 6:05am
Quoting gsantri
Nice scalp WB
I think next is 5814-5818
cheers mate. The monthly pvp is a big level. If it closes above it, 5818 will be a piece of cake imo, else, we'll tank again. Time to be patient
Thank You
  • #266,020
  • Dec 8, 2010 6:06am Dec 8, 2010 6:06am
shoulda scalped meself lol :-/
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