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Cable Update (GBPUSD)

  • #268,421
  • Jan 12, 2011 6:00am Jan 12, 2011 6:00am
Quoting TauTrader
Good day to you,

Gonna start looking to build a long position within the next couple of hours. Do not follow - i'm lost...

This idea will be off the table if we break 1.5550 with conviction.

Regards
Don't be lost, there looks to be an opportunity for long entry around 630-640.
"I made all my money by selling too soon"
  • #268,422
  • Jan 12, 2011 6:01am Jan 12, 2011 6:01am
Quoting Ctic
Hey Doc, Good to see you again.. Happy New Year to you.

You are right I do see some big happenings with G/U, E/U, etc.. about to happen. I believe we may see it fall to the bottom side as well. For this week I see 5680 being a top resistance with 5750 there after. 5925 is the point of major resistance (which convienently are all fibs). My thoughts are we see at least one of these but ultimately should drop..

We shall see. Good to have you back.
I was pretty close with that. lol
  • #268,423
  • Jan 12, 2011 6:01am Jan 12, 2011 6:01am
Quoting Fudomyo
Hi Tau! Hope you had a fun holiday

I agree we're still in Bull territory. If we get under 5530 then I'll change hats.

Still waiting on MPC before putting any serious positions on though. That should determine Sterling direction for the mid-term. Scalping near SR seems the safest bet until then with this bouncey PA.

Waiting to see what happens at DPP before my next move. Price is sitting on it like stuffed pidgeon. ...lol
Good day to you,

Nice chart...

Patience is key. Correct. Good strategy.

All the best! Always admire your mindset.

Regards
  • #268,424
  • Jan 12, 2011 6:03am Jan 12, 2011 6:03am
Quoting Tsar
Hi Ctic,

I'm FLAT... because too Risky Now.

Better Waiting LONDON Open.
It's POSIBLE make BUMP and RUN Reversal (BARR)

Take Care
Tsar,

It is probably a pretty good idea. Really to confirm the true downtrend we need a break of 5350. I actually have an OCO order in and waiting under the 5350 mark.

C.
  • #268,425
  • Jan 12, 2011 6:05am Jan 12, 2011 6:05am
Quoting kaspopsicle


Wait till they fix the eyes.... Did not know you were one for personality...

All the best!
  • #268,426
  • Jan 12, 2011 6:06am Jan 12, 2011 6:06am
Quoting fourxtrader
Hello my fibo friend. Best wishes to you and yours in the New Year.

I'm not sure about how soon this is "about to happen" but the likelihood
of a significant "happening" seems strong. Admittedly until other lower
tf’s join in some sequential fashion to trigger a release, the daily compression
[i][color=blue][font=Verdana]pattern remains as a near...
Hey Doc,

Yeah, I see it happening anytime from now until March, But like you say and as your chart point out, when it does happen, it will be a big move.

C.
  • #268,427
  • Jan 12, 2011 6:09am Jan 12, 2011 6:09am
Quoting TauTrader
Good day to you,

Gonna start looking to build a long position within the next couple of hours. Do not follow - i'm lost...
This idea will be off the table if we break 1.5550 with conviction.

Regards
Howdy Mr.TT,

Lol I like that, ask permission will put that on my signature.
am with you preparing long
  • #268,428
  • Jan 12, 2011 6:10am Jan 12, 2011 6:10am
Quoting rashygomez
need more than just luck!
if i have to choose would be smart person or lucky, i would love to be the lucky one..,




ps: unfortunately i'm smart too..
I will be the number one Manager.
  • #268,429
  • Jan 12, 2011 6:19am Jan 12, 2011 6:19am
Quoting TauTrader
Good day to you,

Gonna start looking to build a long position within the next couple of hours. Do not follow - i'm lost...

This idea will be off the table if we break 1.5550 with conviction.

Regards
mind to share bullish target tau? i got 1.5826
Verily, in every difficulties there is relief
  • #268,430
  • Jan 12, 2011 6:20am Jan 12, 2011 6:20am
Quoting TauTrader
Good day to you,

Correct. Dummy.

That is why I stated that I am lost. Herewith one of my latest books...

Wish you all the best!

Regards
Where I can BUY it's in Bookstore, Bro.
For you know... I'm HEAVY Reader.
Always looking the GREAT, never left GOOD Point...
  • #268,431
  • Jan 12, 2011 6:21am Jan 12, 2011 6:21am
Quoting gsantri
Howdy Mr.TT,

Lol I like that, ask permission will put that on my signature.
am with you preparing long
Good day to you,

That will build a lot of confidence (not)... but a very good excuse for when you are wrong.

You can always argue - " but can't you read my signature clause?"

Trade well
  • #268,432
  • Jan 12, 2011 6:27am Jan 12, 2011 6:27am
Quoting Ctic
Tsar,

It is probably a pretty good idea. Really to confirm the true downtrend we need a break of 5350. I actually have an OCO order in and waiting under the 5350 mark.

C.
Quoting Ctic
I was pretty close with that. lol
100% ACCURATE

And you will got it's Later, Bro
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-01-12_ABCD Bulllish.jpg Size: 565 KB
Always looking the GREAT, never left GOOD Point...
  • #268,433
  • Jan 12, 2011 6:27am Jan 12, 2011 6:27am
Quoting primzvicious
i got 1.5826
above 5655 resistance and 5700, I have 57629 give or take a few pips.
  • #268,434
  • Jan 12, 2011 6:27am Jan 12, 2011 6:27am
Quoting TauTrader
Good day to you,

Correct. Dummy.

That is why I stated that I am lost. Herewith one of my latest books...

Wish you all the best!

Regards
lol, gotchya.
  • #268,435
  • Jan 12, 2011 6:28am Jan 12, 2011 6:28am
Quoting javapips
if i have to choose would be smart person or lucky, i would love to be the lucky one..,




ps: unfortunately i'm smart too..
smart enough to realise luck plays a part eh
  • #268,436
  • Jan 12, 2011 6:28am Jan 12, 2011 6:28am
Quoting primzvicious
mind to share bullish target tau? i got 1.5826
Good day to you,

No setup for long term target. Just scalping at the moment. 1.5730 will be a good exit if you are inclined to keep a longer term long position. I think we will close today around 1.5620/1.5615.

Pure opinion...

regards
  • #268,437
  • Jan 12, 2011 6:30am Jan 12, 2011 6:30am
Quoting Fudomyo
I have 57629 give or take a few pips.
Quoting TauTrader
Good day to you,

No setup for long term target. Just scalping at the moment. 1.5730 will be a good exit if you are inclined to keep a longer term long position. I think we will close today around 1.5620/1.5615.

Pure opinion...

regards
thx for sharing
Verily, in every difficulties there is relief
  • #268,438
  • Jan 12, 2011 6:32am Jan 12, 2011 6:32am
Quoting TauTrader
Good day to you,

That will build a lot of confidence (not)... but a very good excuse for when you are wrong.

You can always argue - " but can't you read my signature clause?"

Trade well
That's me
  • #268,439
  • Jan 12, 2011 6:33am Jan 12, 2011 6:33am
Quoting TauTrader


Wait till they fix the eyes.... Did not know you were one for personality...

All the best!
Price is only skin deep...your sense of humour is priceless....very bests to you as well Mr. T.T...cant post 2day ..in and out with other bus. See you soon
All systems of divination, like music itself,work through patterns.
  • #268,440
  • Jan 12, 2011 6:37am Jan 12, 2011 6:37am
Quoting Tsar
Where I can BUY it's in Bookstore, Bro.
For you know... I'm HEAVY Reader.
Mhuahahhahha,

I plan a subcription service....

For only $ 99.00 per month - I will teach you how to lose everything - including your wife/girlfriend/cat/dog/house/car. The e-books are free...

You know Barbie dolls? The normal dolls sell for $ 19.00 each - but the divorce Barbie sells for $ 39.00 - why? Because she comes with Ken's house, his car and all other valuables.

All the best



Warm regards
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