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Cable Update (GBPUSD)

  • #266,201
  • Dec 9, 2010 1:08pm Dec 9, 2010 1:08pm
evening all ... daily still in the up channel but just under EMA20 currently 15773

H4 bounce off descending TL ... currently under 15760 - 70 which seems quite a strong S/R level

I'm short 15756 and would like to see a break of DEC8 Asia low of 15668

SL would be a break and hold of at least 15775 on minimum H1 TF
Attached Image(s) (click to enlarge)
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  • #266,202
  • Dec 9, 2010 1:45pm Dec 9, 2010 1:45pm
Hi, I'm waiting on the sidelines for now until I see some direction. A few bounces off the trendlines would be nice for a few scalps

See attached Daily chart
Attached Image (click to enlarge)
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  • #266,203
  • Dec 9, 2010 3:50pm Dec 9, 2010 3:50pm
Just a thought. This is the quarterly.If i had MT4 i'd have been able to write presents all over it. Big happies to all.
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (09-DEC-10).png Size: 12 KB
All systems of divination, like music itself,work through patterns.
  • #266,204
  • Dec 9, 2010 4:20pm Dec 9, 2010 4:20pm
Quoting bbakker
Trading is not easy, but it is simple. Keep it simple!
Heya Bro!

Good to hear you are progressing! I myself have also gotten into the habit o checking D1, H4 and H1 before getting in on M15...

Going great and by the sound of things, you too!

Just got in short for a scalp, 5772, s/l 5784, t/p 5745...

Shouldn't scalp but risking soo little for a bit of cash aint all too bad
@pawpaw1000 on Twitter
  • #266,205
  • Dec 9, 2010 8:58pm Dec 9, 2010 8:58pm
Quoting bbakker
Trading is not easy, but it is simple. Keep it simple!
Hi bbaker,

I was following some of the greats methods shown by notorious trader here , for my trading style i use supply and demand zones ( S & R ) combine with Trend lines and stochastic, with TF 5m - D1. I've been doing pretty great until mid November till now, i just can't seem to read where the supply and demand zones are, all the signals for entry point just seems blurry and mixed up.

Have you got any advice for my trading, because i've been entering the red zones pretty bad ?

Thx in advance.
  • #266,206
  • Dec 9, 2010 10:26pm Dec 9, 2010 10:26pm
this equidistant channel appears to be troubling the bears?

Attached Image
  • #266,207
  • Edited 12:44am Dec 10, 2010 12:37am | Edited 12:44am
Deja vu, like yesterday, going up 1.5830 and go down....
PO on 1.5830 ...
Attached Image (click to enlarge)
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  • #266,208
  • Dec 10, 2010 1:33am Dec 10, 2010 1:33am
Have just closed my long for 75 pip profit - now looking for a short.
May the forex be with you |
  • #266,209
  • Dec 10, 2010 1:33am Dec 10, 2010 1:33am
I have a 76.4 fib, H3 level and Mid P-R1 in this zone...

Bulls have the run of the show at the moment
and have just breezed through this H1 area...

tougher challenges ahead...no doubt

Attached Image
  • #266,210
  • Edited 2:26am Dec 10, 2010 1:41am | Edited 2:26am
Cable
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.usd , h4.gif Size: 29 KB
Put your hands in the air , Give me all your money ! !
  • #266,211
  • Dec 10, 2010 1:43am Dec 10, 2010 1:43am
Quoting Cobby
I have a 76.4 fib, H3 level and Mid P-R1 in this zone...

Bulls have the run of the show at the moment
and have just breezed through this H1 area...

tougher challenges ahead...no doubt

Attachment
She hasn't closed above 1.5830 since 24th November - it's a BIG barrier, but if she closes above it the bulls will run amok. I'm gonna short with a tight stop loss of 1.5850 - target the UTL.
May the forex be with you |
  • #266,212
  • Dec 10, 2010 1:44am Dec 10, 2010 1:44am
Bulls look determined to build on last weeks effort atm

Attached Image
  • #266,213
  • Dec 10, 2010 2:22am Dec 10, 2010 2:22am
Important area to watch. If it breaks I see 1.59-1.5950.

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot001.jpg Size: 328 KB
You've got to be IN IT to WIN IT!
  • #266,214
  • Dec 10, 2010 2:31am Dec 10, 2010 2:31am
morning all

this looks interesting...anyone agree?

http://www.forexfactory.com/news.php?do=news&id=271174


looking to go short if 15800 broken properly
  • #266,215
  • Dec 10, 2010 2:48am Dec 10, 2010 2:48am
[quote=naboo;4234554]morning all

this looks interesting...anyone agree?

http://www.forexfactory.com/news.php?do=news&id=271174




Let the charts do the talking...
  • #266,216
  • Dec 10, 2010 2:51am Dec 10, 2010 2:51am
[quote=50d;4234594]
Quoting naboo
morning all

this looks interesting...anyone agree?

http://www.forexfactory.com/news.php?do=news&id=271174




Let the charts do the talking...
okey doke
  • #266,217
  • Dec 10, 2010 3:07am Dec 10, 2010 3:07am
Quoting chazzle
I'm short 15756 and would like to see a break of DEC8 Asia low of 15668
H4 ... stopped on that one ... now looking for long on retrace around 15785 or short from resistance 15890 area
Attached Image (click to enlarge)
Click to Enlarge Name: sto.PNG Size: 38 KB
  • #266,218
  • Dec 10, 2010 3:21am Dec 10, 2010 3:21am
Price has been respecting the 20 ema for 7 hrs.If it breaks clear above yesterdays hi of 15842 i will be scalping long to resistance @15890
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (10-DEC-10).png Size: 10 KB
All systems of divination, like music itself,work through patterns.
  • #266,219
  • Dec 10, 2010 3:44am Dec 10, 2010 3:44am
[quote=50d;4234594]
Quoting naboo
morning all

this looks interesting...anyone agree?

http://www.forexfactory.com/news.php?do=news&id=271174




Let the charts do the talking...
Agree, medium to long term forecast has to be bullish... This time 3 years ago Sterling was 2:1 to the $.
May the forex be with you |
  • #266,220
  • Dec 10, 2010 3:45am Dec 10, 2010 3:45am
Quoting kaspopsicle
Price has been respecting the 20 ema for 7 hrs.If it breaks clear above yesterdays hi of 15842 i will be scalping long to resistance @15890
not a bad plan Kas ...
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