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Cable Update (GBPUSD)

  • #269,401
  • Jan 20, 2011 6:02pm Jan 20, 2011 6:02pm
Quoting veer2010
green pips to you too buddy...
,
  • #269,402
  • Jan 20, 2011 6:57pm Jan 20, 2011 6:57pm
at point 2 she move in flat shape, so if the bull want to continue his UP move, it could be in any Zig Zag form, maybe A, maybe B, or maybe x (i don't know), but i will pick the A option (with the high is wormboy yesterday entry),

becarefull..,maybe the bull still smailing...




ps: something that i wonder is, why bull want to do it at the end of week?, so my second guess is : if today up move not significant, Monday will back near Friday low and fly.

ps2 : (it only if zig zag happend)


all base on that this down move is only a retracement
Attached Image (click to enlarge)
Click to Enlarge Name: januari 21.JPG Size: 66 KB
I will be the number one Manager.
  • #269,403
  • Jan 20, 2011 7:00pm Jan 20, 2011 7:00pm
Quoting javapips
at point 2 she move in flat shape, so if the bull want to continue his UP move, it could be in any Zig Zag form, maybe A, maybe B, or maybe x (i don't know), but i will pick the A option (with the high is wormboy yesterday entry),

becarefull..,maybe the bull still smailing...




ps: something that i wonder is, why bull want to do it at the end of week?, so my second guess is : if today up move not significant, Monday will back near Friday low and fly.

ps2 : (it only if zig zag happend)...
I can bet that monday open we will have a lower GAP created in GU for at least 50 pips...
  • #269,404
  • Jan 20, 2011 7:01pm Jan 20, 2011 7:01pm
Quoting TauTrader
Good day to you,

...
All you need is 20 pips per day. GU moves 130 to 180 pips per day. You just need to capture 20. Take your time...
That's true Mr.TT, 20 pips is more predictable for me as an intraday trader. I consider 100 pips is a jackpot.

I used to open trade with a bigger lot ONLY for 20 pips target, say 0.04, 0.5, 1 or 1.5 mini/micro lot. When it reach 20 I will close 0.6 or 0.7 (60-70%) of volume then move SL to BE, usually price has found good enough support/resistance there.
If price goes reverse no loss. if price continuing with me then its a jackpot time.
And yes, all we need is patience, trust the system n wait for the setup/entry. It pays us a good RR.

Just a little thing to share.

Regards,
GS
  • #269,405
  • Jan 20, 2011 7:26pm Jan 20, 2011 7:26pm
Quoting veer2010
I can bet that monday open we will have a lower GAP created in GU for at least 50 pips...
why and where?
I will be the number one Manager.
  • #269,406
  • Jan 20, 2011 7:42pm Jan 20, 2011 7:42pm
Morning and Night all.................

Happy friday

rgds,iqyu

wilujeng enjing barudak...........tos ngaropi ........? abdi nuju ngopi di dieu heheehhe...........
not euphoria follower
  • #269,407
  • Jan 20, 2011 7:58pm Jan 20, 2011 7:58pm
Quoting iqyu5an
Morning and Night all.................

Happy friday

rgds,iqyu

wilujeng enjing barudak...........tos ngaropi ........? abdi nuju ngopi di dieu heheehhe...........
heres my reply bro

ngopi oge
Verily, in every difficulties there is relief
  • #269,408
  • Jan 20, 2011 8:01pm Jan 20, 2011 8:01pm
anyone went long on GBP/USD?
Long @ 1.5936 Target profit 1.6000
  • #269,409
  • Jan 20, 2011 8:11pm Jan 20, 2011 8:11pm
Quoting primzvicious
heres my reply bro

ngopi oge
thank for the reply at the coffee corner bro

rgds,iqyu

tos di tambihan susu , kopina. ngarah ngeunah. mangga di le eut atuwh kang ...... abdi bade siap siap juma ah -an heula. weekly report ka big boss
not euphoria follower
  • #269,410
  • Jan 20, 2011 8:18pm Jan 20, 2011 8:18pm


Quoting iqyu5an
thank for the reply at the coffee corner bro

rgds,iqyu

tos di tambihan susu , kopina. ngarah ngeunah. mangga di le eut atuwh kang ...... abdi bade siap siap juma ah -an heula. weekly report ka big boss
Verily, in every difficulties there is relief
  • #269,411
  • Jan 20, 2011 9:15pm Jan 20, 2011 9:15pm


http://www.forexfactory.com/showpost...stcount=269139
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #269,412
  • Jan 20, 2011 9:34pm Jan 20, 2011 9:34pm
Helloooo everyone, i am back because of a message i received from Vilas. For those of you that don't know me read up on my old posts. Let's have some fun Trading and make that moneyyyyy
  • #269,413
  • Jan 20, 2011 9:39pm Jan 20, 2011 9:39pm
Quoting Magix


http://www.forexfactory.com/showpost...stcount=269139
Good day to you,

Hope all is well - healthwise.

Beautiful little chart.

All the best
  • #269,414
  • Jan 20, 2011 9:44pm Jan 20, 2011 9:44pm
Quoting EricKamezou
anyone went long on GBP/USD?
Long @ 1.5936 Target profit 1.6000

Sorry, from my earlier posts, I beleive we will head sub 5800 if not even sub 5500. So not me. But I know there are some here with a long bias. Just not sure who they are.

C.
  • #269,415
  • Jan 20, 2011 9:48pm Jan 20, 2011 9:48pm
Quoting EricKamezou
anyone went long on GBP/USD?
Long @ 1.5936 Target profit 1.6000
I must say though, You did find the top very nicely.
  • #269,416
  • Jan 20, 2011 9:51pm Jan 20, 2011 9:51pm
Quoting Ctic
Sorry, from my earlier posts, I beleive we will head sub 5800 if not even sub 5500. So not me. But I know there are some here with a long bias. Just not sure who they are.

C.
Hi Ctic!
Do you think that there is a chance of really bad retail data? Without bad data, i think it's gonna be really hard to move significantly lower, eur/usd is still bouncing strongly on dips and that could give some support to cable, or i'm missing something?
  • #269,417
  • Jan 20, 2011 9:57pm Jan 20, 2011 9:57pm
Good day to you,

Looking at price and time - I would love to see 1.5780/85 by end today. Will be in meetings this morning so will leave positions open - but charts do look good for some more downward movement.

This, off course - could change quite quickly.

Good luck to all and will pop in a bit later.

Regards
  • #269,418
  • Jan 20, 2011 9:58pm Jan 20, 2011 9:58pm
Quoting Endrju
Hi Ctic!
Do you think that there is a chance of really bad retail data? Without bad data, i think it's gonna be really hard to move significantly lower, eur/usd is still bouncing strongly on dips and that could give some support to cable, or i'm missing something?
Here is my view.. Take it for what it's worth and remember this is just my view. This is a Daily chart zoomed way out. Sorry it may be a little difficult to see. BUt if you can, in the current situation we have the red line sloping lower, a bottom horizontal line (decending triangle). The three highlighted areas appear to be a head and shoulders and the neckline is the horizontal. Now if it breaks the lower line we go to the next lower red line which is 4150. (remember though won't happen over night, this is a longer term view.)

This hasn't really formed yet so anything could happen. Not saying this will go down or up, but in my opinion I do not want to be long.

C.
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  • #269,419
  • Jan 20, 2011 10:00pm Jan 20, 2011 10:00pm
Quoting TauTrader
Good day to you,

Looking at price and time - I would love to see 1.5780/85 by end today. Will be in meetings this morning so will leave positions open - but charts do look good for some more downward movement.

This, off course - could change quite quickly.

Good luck to all and will pop in a bit later.

Regards
I agree TT and I do believe you will see your 5780 or lower. I am looking at a retest of 5350 here (not today of course but within the next week or so).

C.
  • #269,420
  • Jan 20, 2011 10:02pm Jan 20, 2011 10:02pm
Quoting Forextrader4
Helloooo everyone, i am back because of a message i received from Vilas. For those of you that don't know me read up on my old posts. Let's have some fun Trading and make that moneyyyyy
A warm welcome.
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