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Cable Update (GBPUSD)

  • #267,861
  • Jan 3, 2011 1:39am Jan 3, 2011 1:39am
Quoting gsantri
0.7 volume closed for 25 pips @5560.
Remaining SL moved to BE.
SL hit, no worry still bagged

Waiting for another setup.
if break and closed below 5468 then will consider for short.
  • #267,862
  • Jan 3, 2011 1:49am Jan 3, 2011 1:49am
Quoting redsword11
gbpcad moves in conjuction with cable, cadjpy and loony


gj is a different animal


my cable entry - taken out @ BE
Second to that

GJ relatively conjunction with EJ imo.
  • #267,863
  • Jan 3, 2011 1:56am Jan 3, 2011 1:56am
Quoting TauTrader
Good day to you,

a new year upon us. Took my losses on EU ( Stopped out). Idea was good - but in too early. ANYWAY...

The 30 min chart spells out 1 single direction only - down. Look for a good entry south. Period.

No need for Fib's. No need for SR levels. Ride it down for 100 green ones.

I know I will...http://cdn.forexfactory.com/images/s...lling_eyes.gif

I want to take this opportunity to wish you all an exciting 2011.

All the best!

Regards


Going away for a couple of days. Take care and trade well. ( I should listen to my own advice from time to time)

All the best!

Regards
  • #267,864
  • Jan 3, 2011 1:58am Jan 3, 2011 1:58am
Quoting TauTrader
All the best!

I have closed all shorts for now - as I have mixed charts. Opened a little long position on UJ for some pips. GU still shows me short opportunity on the 1hr, but Daily chart is still long bais for me. So will stay on the side for now and look at other pairs.

Good luck
Closing UJ longs. Gotta go.

Warm regards
  • #267,865
  • Jan 3, 2011 2:00am Jan 3, 2011 2:00am
Quoting TauTrader


Going away for a couple of days. Take care and trade well. ( I should listen to my own advice from time to time)

All the best!

Regards
Cheers Mr.TT, you too.

Have a nice trip
  • #267,866
  • Jan 3, 2011 2:08am Jan 3, 2011 2:08am
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test
  • #267,867
  • Jan 3, 2011 2:41am Jan 3, 2011 2:41am
This is a confirmation that this year is better.......

Quoting fendi
i remain bearish on both pairs for the week.... British austerity measures, troubles in the government and in the central bank and a slower global economy point to a weaker pound...

Looking down, 1.5480 is now the first support line. It was the top border of the range that cable traded in in the last week. Below, 1.5350 provided to be a very strong support line. A break under this line means trouble for the pound.

E/u

looking down below 1.3334, the 1.3267 line provides support on the way down. 1.3180 is already stronger support, after working...
  • #267,868
  • Jan 3, 2011 2:43am Jan 3, 2011 2:43am
Quoting fendi
This is a confirmation that this year is better.......
hit 5480 lvl exactly...good work bro

lets have some counter trend trades
Hero calls followed by margin calls...
  • #267,869
  • Jan 3, 2011 3:15am Jan 3, 2011 3:15am
went long at 1.5492..TP 1.5520 SL 1.5472...trading near EMA 200
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  • #267,870
  • Jan 3, 2011 3:57am Jan 3, 2011 3:57am
Quoting navhin
went long at 1.5492..TP 1.5520 SL 1.5472...trading near EMA 200
Yikes,
It's now going down to 1.5450, you must be hit SL right now... I'd better buy now, to go on 1.5550 .. maybe more..

D1 still up, and H4 will open soon...
  • #267,871
  • Jan 3, 2011 4:20am Jan 3, 2011 4:20am
Short entered @1.5464 SL 5484 TP1 5430 TP2 5404.
  • #267,872
  • Jan 3, 2011 5:48am Jan 3, 2011 5:48am
Quoting gsantri
Short entered @1.5464 SL 5484 TP1 5430 TP2 5404.
Too long, closed for +3 pips.

Bullish HD forming on M30.
  • #267,873
  • Jan 3, 2011 9:07am Jan 3, 2011 9:07am
anyone can help me,,
how the results and explanation of the U.S. ISM data,,?
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only an analysis, and I'm always wrong, don't follow me,
  • #267,874
  • Jan 3, 2011 9:25am Jan 3, 2011 9:25am
does everyone see a weekend gap unfilled yet?
  • #267,875
  • Jan 3, 2011 9:30am Jan 3, 2011 9:30am
Quoting andelumut
anyone can help me,,
how the results and explanation of the U.S. ISM data,,?
News is flat.
Your trading is fine, but I suggest you take some profit now then move SL to BE. Price can go either way.
  • #267,876
  • Jan 3, 2011 9:30am Jan 3, 2011 9:30am
watching 5445. if it reject, we might be good for long. if it break. close chart and snooze.
  • #267,877
  • Jan 3, 2011 10:49am Jan 3, 2011 10:49am
Hi Doc , good to see you. Hope you had very merry Christmas. Very many happies and greenies for 2011.
All systems of divination, like music itself,work through patterns.
  • #267,878
  • Edited 11:46am Jan 3, 2011 11:43am | Edited 11:46am
Further to my chart and post yesterday. I am now seeing that price has established new supply zone on M5...15518../15488. this zone looks to have been created by price respecting the descending 200 ema.For this reason my bias remains bearish.Now looking for a break below 15436 as stated yesterday.i will be keeping an eye on 15469- 15454 in the meantime and scalping long at every percieved support on 5 min.currently @15485 up to the 200 if visual momentum of candles proves trigger. My posts are never intended as calls. i post to provoke comment and discussion.
G/L
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All systems of divination, like music itself,work through patterns.
  • #267,879
  • Jan 3, 2011 12:13pm Jan 3, 2011 12:13pm
Quoting kaspopsicle
Further to my chart and post yesterday. I am now seeing that price has established new supply zone on M5...15518../15488.
Some good resistance at the upper part of that range , Kas also weekly pivot just 10 pips above @ 15528 and not forgetting 38% fib from the NYE move @ 15522 ... although there is a rising trend line to think about shown here on H4 and as we can see the last H4 candle was a spinning top and PA seems now to be turning up - I wouldn't suggest a short any lower than about 15520 right now assuming something like a 60 stop (just beyond daily pivot) and an 80 TP (roughly the area of this rising TL)
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  • #267,880
  • Jan 3, 2011 1:44pm Jan 3, 2011 1:44pm
Quoting chazzle
Some good resistance at the upper part of that range , Kas also weekly pivot just 10 pips above @ 15528 and not forgetting 38% fib from the NYE move @ 15522 ... although there is a rising trend line to think about shown here on H4 and as we can see the last H4 candle was a spinning top and PA seems now to be turning up - I wouldn't suggest a short any lower than about 15520 right now assuming something like a 60 stop (just beyond daily pivot) and an 80 TP (roughly the area of this rising TL)
Thanks Chaz, i always forget something.. usually about 90% of what i'm supposed to remember.lol. I'd completely missed that spinning top on H4 cos been out most of day. Thanks again.
All systems of divination, like music itself,work through patterns.
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