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Cable Update (GBPUSD)

  • #267,801
  • Jan 1, 2011 5:49am Jan 1, 2011 5:49am
http://i56.tinypic.com/15eih3b.gif

Now 5min chart

This is my vision for the cable for the coming days will post more charts when this charts are confirmed or expired

wish i can be useful for forexfactory members
  • #267,802
  • Jan 1, 2011 5:53am Jan 1, 2011 5:53am

we leave the ups and downs of 2010


HAPPY NEW YEAR


let us live a greener 2011



  • #267,803
  • Jan 1, 2011 6:03am Jan 1, 2011 6:03am
Here is the monthly chart

http://i52.tinypic.com/r8xvtu.gif
  • #267,804
  • Jan 1, 2011 6:31am Jan 1, 2011 6:31am
Got to say London was the Dogs Nuts, i wondered where all our Tax money had gone too ?
  • #267,805
  • Jan 1, 2011 8:00am Jan 1, 2011 8:00am
Happy New Year!
Attached Image
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #267,806
  • Jan 1, 2011 4:57pm Jan 1, 2011 4:57pm
read with me happy new year
Attached File(s)
File Type: pdf 25_Rules_Of_Forex_Trading_Discipline.pdf   122 KB | 463 downloads
  • #267,807
  • Jan 1, 2011 10:35pm Jan 1, 2011 10:35pm
Quoting kill56
read with me happy new year

"DON’T OVER-ANALYZE. DON’T PROCRASTINATE.
DON’T HESITATE'
Place the trade and then manage it.
If you're wrong, get out." Rules #23.

Nobody telling me that in a better way.

Thanks Kill. Happy New Year !
  • #267,808
  • Jan 1, 2011 11:19pm Jan 1, 2011 11:19pm
Quoting kill56
read with me happy new year
Thank Man .. You are the best ....
  • #267,809
  • Jan 2, 2011 12:42am Jan 2, 2011 12:42am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Monthly6.jpg Size: 55 KB
Happy New Year!
  • #267,810
  • Jan 2, 2011 1:22am Jan 2, 2011 1:22am
happy new year to all!!!I'm going to go lay back down after i throw up a little bit more.I think i might still be drunk.

a new year = a new beginning.
  • #267,811
  • Edited 2:17am Jan 2, 2011 2:14am | Edited 2:17am
Quoting Ineedpips9
a new year = a new beginning.
Not for me. Exness closed the session at 17.00 (they didn't even report about that!!) and my trades are still open. They's +60 pips but then retracted back to the buying price.

Man, you don't know how frustrated I am. ca. 3500 € profit turned out NOTHING. O'gosh...
  • #267,812
  • Jan 2, 2011 3:52am Jan 2, 2011 3:52am
Quoting matlock
Not for me. Exness closed the session at 17.00 (they didn't even report about that!!) and my trades are still open. They's +60 pips but then retracted back to the buying price.

Man, you don't know how frustrated I am. ca. 3500 € profit turned out NOTHING. O'gosh...

In new year spirit, let me cheer you up.. u are still lucky my friend, my broker close 1 day earlier, at desember 30 and i still have open short position in GU.. gosh im in deep red now.. i lost my 1 n 1/2weeks profit for that when the market open later but hey...lesson learned...

Kill's posting about trading rules, I definitely must add it# 26 ALWAYS CHECK YOUR BROKER CALENDER ..

Thanks Kill for posting it ..really appreciate it ..
  • #267,813
  • Jan 2, 2011 3:57am Jan 2, 2011 3:57am
Happy new year every one

what about gap this week for these pairs :

- gbousd
- gbpjpy
- eurusd
- usdjpy

??

some one can guess that ??
  • #267,814
  • Jan 2, 2011 4:28am Jan 2, 2011 4:28am
hey guys one for the road find in one of my pc's read and keep reading till u master the dam thing its good for all new baby's and to refresh u old sucks memory hope u all have a green new year
Attached File(s)
File Type: zip Forex_Trading_with_Candlestick_and_Pattern.zip   2.5 MB | 4,290 downloads
  • #267,815
  • Jan 2, 2011 4:48am Jan 2, 2011 4:48am
Quoting kill56
hey guys one for the road find in one of my pc's read and keep reading till u master the dam thing its good for all new baby's and to refresh u old sucks memory hope u all have a green new year
Thanks for this Kill. My homework for this weekend was to type up all my notes on candles and patterns so that its all easier to read. You've saved me one load of time.
Many happy Returns to us all....absolutely no reference to hairs off the dog , there again what time is it yet?
All systems of divination, like music itself,work through patterns.
  • #267,816
  • Jan 2, 2011 5:06am Jan 2, 2011 5:06am
http://img190.imageshack.us/img190/200/gpusdw1.png
Fibo seems to act as a resistance, there may be some bearish days(?) before hitting the trendline - Q1'll likely be strongly bearish IMO if something unexpected doesn't happen.

http://img137.imageshack.us/img137/4676/gbpusd1dmas.png
5/13/62 EMAs on D1 are supporting my theory(?)
http://img255.imageshack.us/img255/1615/gbpusd1wmas.png
If 13EMA goes below 62EMA on weekly (what'll likely happen after hitting the trendline), next level is likely 1.5300 (38.2 fibo and psychological level) and then 1.5200 and if it brakes next level likely 1.4900

Fundamental aspects are bullish for USD (econ data + good dividends in stocks)

That's my theory on Q1 - feel free to shatter it.
  • #267,817
  • Jan 2, 2011 6:45am Jan 2, 2011 6:45am
Certainly not being swayed to Bull just because of the New Years Eve craziness - price closed below January pivot (H+L+C/3),the 15650 resistance and stopped at the DTL

50% fibo retrace from MAY20 low - NOV4 high @ 15265 is my bias.
Attached Image (click to enlarge)
Click to Enlarge Name: jan.jpg Size: 90 KB
  • #267,818
  • Jan 2, 2011 7:21am Jan 2, 2011 7:21am
Quoting kill56
hey guys one for the road find in one of my pc's read and keep reading till u master the dam thing its good for all new baby's and to refresh u old sucks memory hope u all have a green new year
Thank's brother,,

i have download it,,
only an analysis, and I'm always wrong, don't follow me,
  • #267,819
  • Jan 2, 2011 7:57am Jan 2, 2011 7:57am
Another 6 hours, the next year trading starts! May everyone have a Prosperous trading year!
  • #267,820
  • Edited 10:51am Jan 2, 2011 9:47am | Edited 10:51am
GBP is struggling both technically and fundamentally. I see that GBPUSD is quite squeezed: it hasn't broken either the down trend line (OCT-DEC) nor previous bottom formed on late August @1.53. As I said in my prev post, USD econ data is much better than GBP one's. Long EMAs on MN and W1 are pressuring GBPUSD to go down as well. We're going to live very interesting times this month because price is within 50 and 61 fibos and fibos are in the triangle and the previous bottom is on 61 fibo line. But as I said I'm still in the bears' team.

Pic of squeezing triangle:
http://img833.imageshack.us/img833/9...triangle02.png
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