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Cable Update (GBPUSD)

  • #268,281
  • Jan 11, 2011 11:19am Jan 11, 2011 11:19am
thanks guys for the clarification
really appreciates that
  • #268,282
  • Jan 11, 2011 11:23am Jan 11, 2011 11:23am
before u guys think of shorting, go and take a look ur weekly and monthly ....what did this fucking bitch told us?...simple

1.5656 is my gate atm......

good luck

g
  • #268,283
  • Jan 11, 2011 11:29am Jan 11, 2011 11:29am
Quoting grashid
before u guys think of shorting, go and take a look ur weekly and monthly ....what did this fucking bitch told us?...simple

1.5656 is my gate atm......

good luck

g
Monthly chart tells me that a test of 1.46xx is necessary to complete this massive wedge. However, there are no guarantees in forex, ever.
Trade what u see.

Cheerio
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 11 KB
"Timing Is Everything. Really I Swear It Is"
  • #268,284
  • Jan 11, 2011 11:30am Jan 11, 2011 11:30am
what's with 1.5656, grashid?

btw, let's keep the forum clean & gender-neutral/gender-friendly
  • #268,285
  • Jan 11, 2011 11:35am Jan 11, 2011 11:35am
Quoting TexasforEX
Monthly chart tells me that a test of 1.46xx is necessary to complete this massive wedge. However, there are no guarantees in forex, ever.
Trade what u see.

Cheerio
monthly is not equal with weekly = ranging between 1.5656-1.5460/70.

Break and close any daily above or below that number only will be decide the medium term trend.

just my 2 cent...cheers

g
  • #268,286
  • Jan 11, 2011 11:39am Jan 11, 2011 11:39am
just want to ask..how many years are needed to be a prof traders like u guys..
i just start trading a year ago..but still doesn't really make money...but what makes me going is that i really like to trades , the feel of making profit although i make some losses as well...
but in the long run i want to be a very successful traders like u guys...
  • #268,287
  • Jan 11, 2011 11:48am Jan 11, 2011 11:48am
Current daily chart showing a compression pattern developing.
Last time the daily went through a tight compression was approx.
one year ago.

Compare these two charts: 1/11/10 and 1/11/11

Dr. D.
Attached Images
  • #268,288
  • Jan 11, 2011 11:51am Jan 11, 2011 11:51am
Here's the potential of a compression pattern
exploding off of a daily chart.

Dr. D.
Attached Image
  • #268,289
  • Jan 11, 2011 12:55pm Jan 11, 2011 12:55pm
Quoting fourxtrader
Here's the potential of a compression pattern
exploding off of a daily chart.

Dr. D.

Welcome Back, Doc.
Glad to see you again...


Best Regards,




Tsar
Always looking the GREAT, never left GOOD Point...
  • #268,290
  • Jan 11, 2011 2:18pm Jan 11, 2011 2:18pm
Quoting Tsar
Welcome Back, Doc.
Glad to see you again...


Best Regards,




Tsar
Me too..
All systems of divination, like music itself,work through patterns.
  • #268,291
  • Jan 11, 2011 2:19pm Jan 11, 2011 2:19pm
Quoting supremeChaos
what's with 1.5656, grashid?

btw, let's keep the forum clean & gender-neutral/gender-friendly
Thank you
All systems of divination, like music itself,work through patterns.
  • #268,292
  • Jan 11, 2011 2:39pm Jan 11, 2011 2:39pm
GU is looking for 16370/1.64 ---

this is my chart--looks like we could not get to 1.51 - and now it looks for that high of 1.64 - ABC - end of B (current low) - C will take us to 1.6370/1.64
Attached Image (click to enlarge)
Click to Enlarge Name: 66.jpg Size: 95 KB
  • #268,293
  • Jan 11, 2011 2:46pm Jan 11, 2011 2:46pm
I have placed a short order at 1.5655 with a SL at 1.5680. TP1 is at 1.5605. Doubt we will reach it before NY close.

Wish you success with your trading!
  • #268,294
  • Jan 11, 2011 3:22pm Jan 11, 2011 3:22pm
After making new lower low on daily chart, price is currently struggling at resistance level around 1.5650. Also, touching downtrend trendline.
Sold - 1.5620.

http://img262.imageshack.us/img262/75/gbpusdd2.png

Regards,
suirad
  • #268,295
  • Jan 11, 2011 3:31pm Jan 11, 2011 3:31pm
Quoting bbakker
I have placed a short order at 1.5655 with a SL at 1.5680. TP1 is at 1.5605. Doubt we will reach it before NY close.

Wish you success with your trading!
Hello, good to see you.!
Happies and prosperous to you and your family.
I wish you all the success that i wish for myself....but i know you'll do better than me..so i'll keep trailing your footsteps.. Kx
All systems of divination, like music itself,work through patterns.
  • #268,296
  • Jan 11, 2011 4:07pm Jan 11, 2011 4:07pm
Quoting fourxtrader
Here's the potential of a compression pattern
Dr. D,

How bout you throw those MA's of your up on nzdchf weekly and tell me what ya think.

I feel like I've been watching it forever...lol.
  • #268,297
  • Jan 11, 2011 5:16pm Jan 11, 2011 5:16pm
descending trendline on daily could come under serious attack
in the next couple of sessions if the bulls on the H4 chart keep their
momentum...

the FF calendar shows plenty of red announcements for this pairing before weeks end too...

Attached Image
  • #268,298
  • Jan 11, 2011 5:53pm Jan 11, 2011 5:53pm
Quoting kaspopsicle
Hello, good to see you.!
Happies and prosperous to you and your family.
I wish you all the success that i wish for myself....but i know you'll do better than me..so i'll keep trailing your footsteps.. Kx
Hi K!

Not much time for trading, so just working of the daily. We have a nice supply area between 1.5600-1.5660 and with a trendline, Bollinger Band and some EMA confluences on the daily, I think this is a good place for a short. I have set an order at the extreme, and hopefully Frankie or London can drive the price up there to fill my order for a longer-term play down to 1.5350, 1.5000 and maybe lower. Anything can happen!

I hope you and your family have a great year too. Take it easy!

Bx
  • #268,299
  • Jan 11, 2011 5:57pm Jan 11, 2011 5:57pm
My advice is get out from the market for this day i don't recommended to do any trading...


but how ever like to take the risk...

http://3.bp.blogspot.com/_eJeoUej2Uk...11+-+Table.png

http://3.bp.blogspot.com/_eJeoUej2Uk...12-01-2011.png
  • #268,300
  • Jan 11, 2011 6:27pm Jan 11, 2011 6:27pm
sold @ 1.56041
294 traders viewing now, 2 are registered:
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