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Cable Update (GBPUSD)

  • #266,821
  • Dec 16, 2010 12:37pm Dec 16, 2010 12:37pm
Quoting Magix
Divide and conquer...

Drop your daily plays in and 5-10 a few...As you full well know, they all add up my friend.
waiting for rollover then looking for 5-10 tp setups.
Again, thanks for the good advice.Just wish you could set ts below 10.
  • #266,822
  • Dec 16, 2010 2:24pm Dec 16, 2010 2:24pm
Quoting bbakker
Beatlemania has hit the cable.
I think he'd do better in a little VW van. Have wonderful time Mr. bb....hope to see you soon. k
All systems of divination, like music itself,work through patterns.
  • #266,823
  • Dec 16, 2010 2:30pm Dec 16, 2010 2:30pm
Quoting TauTrader
Good day to you,

Your trendlines seem fine. The light pink upper trenline is a weak trendline, though. Trendlines can be extremely subjective and one can find them all over the place - normally drawn to fit ones biased view.

Two rules you can apply on trendlines -

1) Always start your trendline at a fractal high or low
2) Should touch at least 3 points. 2 will not do. 4 is even better.

Maybe some of the other traders can expand.

Regards
This is a fine example of why i love this thread. The instant communication on serious stuff is so cool. Thanks Tau, thanks gsantri.
All systems of divination, like music itself,work through patterns.
  • #266,824
  • Dec 16, 2010 2:42pm Dec 16, 2010 2:42pm
Quoting bbakker
lol!

Windows are shut.
Shades have been pulled down.
Mission accomplished before it got off the ground.
I'm wearing a wire.
You're screeching the tires.
We're kissing the liars.
We're playing with fire.

Ears are down to the ground so we can hear them coming now.
And it's not like we've got all the time in the world.
And our toes, they are soaked in this dirty water.
So, so why'd you go?
Why'd you have to turn the lights out?
Well, I guess that's what you get.

It appears we've come to late.
The dam is breaking we're to blame.
And we're all knee...
Wow yet again Mr bb. could you send the link on ..lyrics are beautiful..you get me so hi....
All systems of divination, like music itself,work through patterns.
  • #266,825
  • Edited Dec 17, 2010 2:01pm Dec 16, 2010 3:15pm | Edited Dec 17, 2010 2:01pm
Quoting Ineedpips9
for sure the overall trend (which I still do take off the 30M) is still giving me the feeling of heading north.But I was looking to see where to load up on using the 1M and 5M charts.At the time it was going through a mini dip and seemed as though it wanted to test the 200ma again. I've been taking little 5 and 10 pip runs off of these since this mourning so I had completely forgotten about overall outlook.
But your definetly right. Sherpa is coming up on the 30. She's probably headed towards kissing the 5735 area.
You may want to hold off on that north feeling. Although it may very well head north, look at these last three candles on the monthly chart.

1. Monthly chart is overall downtrend

2. Bearish engulfing candle on monthly chart

3. This current candle is still above monthly open, but putting pressure on the support.

As I agree (living in the United States) the dollar is shit and deserves to be worth the same, I can only trade what the charts show me.

This is just a few reasons.. I didn't even get into the fibs and MA, but we will see. Decembers are screwed up months.

C.
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  • #266,826
  • Dec 16, 2010 4:29pm Dec 16, 2010 4:29pm
Good morning world....
I will be the number one Manager.
  • #266,827
  • Dec 16, 2010 6:34pm Dec 16, 2010 6:34pm
.....his charts and analysis do suck. He just likes to stick his nose into everyones business where it dont belong. Thats just the fricking way it is.

J


Quoting Ineedpips9
so i've noticed.funny how whenever someone has something negative to say about you magix, the one thing they never say is that your charts and analysis are wrong. This seems to be apparent in this thread and the fibre thread from what I've witnessed.Wierd.

as for the recent conversation in the fibre thread.I actually burst out laughing while reading it.Had I been reading it while it was actually happening instead of checking the charts I would have mentioned the fact that it doesn't matter really about the voucher count.I don't have any and...
  • #266,828
  • Dec 16, 2010 6:52pm Dec 16, 2010 6:52pm
Quoting Nene
.....his charts and analysis do suck. He just likes to stick his nose into everyones business where it dont belong. Thats just the fricking way it is.

J
Hey Jimbo...

Just submitted your Nene handle to Wikipedia.

Definition (Verb), Action.
1. If you are a trader who buys the top of the market only to close at absolute bottom, you have pulled a Nene.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #266,829
  • Dec 16, 2010 6:53pm Dec 16, 2010 6:53pm
this is my present trade on gbpusd since last night.i took an initial sell,went into a bit of negative and then reversed the trade.hopefully it gets to my target.positive pis to ya all.
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  • #266,830
  • Dec 16, 2010 7:19pm Dec 16, 2010 7:19pm
Quoting kaspopsicle
This is a fine example of why i love this thread. The instant communication on serious stuff is so cool. Thanks Tau, thanks gsantri.
Your welcome Kas. the compliments is to Mr.TauTrader of course

Quoting javapips
Good morning world....
Good morning Jav, go go irfan..
It was a good a game last night, YEAH..

Well I want to share H1 chart that price has reach 50 fib. It could retrace and further down move.

Like the wise man says, Cable loves the fity lol..

Good luck all
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  • #266,831
  • Dec 16, 2010 7:25pm Dec 16, 2010 7:25pm
Quoting gsantri
Your welcome Kas. the compliments is to Mr.TauTrader of course



Good morning Jav, go go irfan..
It was a good a game last night, YEAH..

Well I want to share H1 chart that price has reach 50 fib. It could retrace and further down move.

Like the wise man says, Cable loves the fity lol..

Good luck all
The fity!
Nice little flag there too. Perfect setup, just wait for the break if you're flat
Thank You
  • #266,832
  • Dec 16, 2010 7:45pm Dec 16, 2010 7:45pm
Quoting wormboy
The fity!
Nice little flag there too. Perfect setup, just wait for the break if you're flat
Hey WB, salam.. I hope all is well.
Yes I still flat, not sure of any significant move on this session. maybe LO I think.

Glad to see you my friend..
  • #266,833
  • Dec 16, 2010 7:46pm Dec 16, 2010 7:46pm
Quoting kaspopsicle
This is a fine example of why i love this thread. The instant communication on serious stuff is so cool. Thanks Tau, thanks gsantri.
Good day to you,

- it is 5 AM here and I just got up. Thank you.

I am sure that every single person here can contribute something of true value. Be it life skills, trading theory, humour, guidance etc. I am by no means an expert - and will never make myself out to be one. ( this is the quickest way to get your behind handed to you)

General:

Now - my last trade entered is nice and red. I will cut the shorts placed if price finds support above 1.5654 (the low of last week).This is my final fort.

Wish you all the best
  • #266,834
  • Dec 16, 2010 7:50pm Dec 16, 2010 7:50pm
Quoting Nene
.....his charts and analysis do suck. He just likes to stick his nose into everyones business where it dont belong. Thats just the fricking way it is.

J
  • #266,835
  • Dec 16, 2010 7:57pm Dec 16, 2010 7:57pm
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  • #266,836
  • Dec 16, 2010 8:13pm Dec 16, 2010 8:13pm
Good day to you,

Herewith important levels around the current area, you may want to mark on your charts - :

1) The opening price for today @ 1.5629
2) Important S/R level @ 1.5634
3) The low of last week @ 1.5654
4) The opening price of 2 weeks ago @ 1.5592
5) The monthly open @ 1.5560
6) the 50% line of the month's range @ 1.5710
7) Wednesday's close @ 1.5543
8) Important S/R level @ 1.5537
9) the low of last month @ 1.5483

I will be out for the rest of the day soon. SL in @ 1.5660 and TP in at 1.5560.

Regards and trade well
  • #266,837
  • Dec 16, 2010 8:21pm Dec 16, 2010 8:21pm
http://clip2net.com/clip/m44593/1292...-clip-35kb.png
  • #266,838
  • Dec 16, 2010 8:21pm Dec 16, 2010 8:21pm
imho :http://www.forexfactory.com/showpost...&postcount=913

Quoting TauTrader
Good day to you,

Herewith important levels around the current area, you may want to mark on your charts - :

1) The opening price for today @ 1.5629
2) Important S/R level @ 1.5634
3) The low of last week @ 1.5654
4) The opening price of 2 weeks ago @ 1.5592
5) The monthly open @ 1.5560
6) the 50% line of the month's range @ 1.5710
7) Wednesday's close @ 1.5543
8) Important S/R level @ 1.5537
9) the low of last month @ 1.5483

I will be out for the rest of the day soon. SL in @ 1.5660 and TP in at 1.5560.

Regards and trade...
not euphoria follower
  • #266,839
  • Dec 16, 2010 8:22pm Dec 16, 2010 8:22pm
Quoting TauTrader
Good day to you,

Herewith important levels around the current area, you may want to mark on your charts - :

1) The opening price for today @ 1.5629
2) Important S/R level @ 1.5634
3) The low of last week @ 1.5654
4) The opening price of 2 weeks ago @ 1.5592
5) The monthly open @ 1.5560
6) the 50% line of the month's range @ 1.5710
7) Wednesday's close @ 1.5543
8) Important S/R level @ 1.5537
9) the low of last month @ 1.5483

I will be out for the rest of the day soon. SL in @ 1.5660 and TP in at 1.5560.

Regards and trade well
Good morning Mr.TT.
Thanks again for enlightening me last night and for every good things you shared here.

Have a good day.

Regards,
  • #266,840
  • Dec 16, 2010 8:27pm Dec 16, 2010 8:27pm
Quoting redsword11
Attachment

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