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Cable Update (GBPUSD)

  • #270,461
  • Jan 30, 2011 12:11am Jan 30, 2011 12:11am
Quoting z3r0
By looking at my previous post on this thread here you can see my entry point.
I'm at around +200 in one position and another +70 in GJ, +50 in GU and +420 in GBPCHF.
Looking forward to further downside pressure next week
good position,,, hundreds of pips,,?
how do you conduct your analysis of the trade
only an analysis, and I'm always wrong, don't follow me,
  • #270,462
  • Jan 30, 2011 12:41am Jan 30, 2011 12:41am
Quoting andelumut
good position,,, hundreds of pips,,?
how do you conduct your analysis of the trade
My whole analysis at that time is still in play. By order I looked the long-term trend (depicted on the 1st chart with averages only). Then I used technical analysis for a entry point on the daily and that's chart 2. Then on the 3rd chart I did a close-up analysis on the H4 chart to assess the possible bull and bear scenarios. Plus you could see the signs on other pairs like GBP/CHF (was loosing steam - not making new highs on H4 near 61fib), plus GBP/USD reaching that resistance level.

Don't know if it was this that you were asking precisely but I guess it explains it all a little better =)
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  • #270,463
  • Jan 30, 2011 1:39am Jan 30, 2011 1:39am
http://1.bp.blogspot.com/_8pmN6zdKnq...lysis_2011.png

hello
what are you think about it?
  • #270,464
  • Jan 30, 2011 2:08am Jan 30, 2011 2:08am
Quoting Privet

hello
what are you think about it?
Hi Privet,

How are you ??
Long time NOT to see you, my Friend. Miss you so much
Always looking the GREAT, never left GOOD Point...
  • #270,465
  • Jan 30, 2011 2:42am Jan 30, 2011 2:42am
Expecting bear next week onwards , sl set myself 1.6030 to see if this works , though this beast may spikes up at random any time .will be watching it next .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #270,466
  • Jan 30, 2011 3:16am Jan 30, 2011 3:16am
Quoting fontu
Expecting bear next week onwards , sl set myself 1.6030 to see if this works , though this beast may spikes up at random any time .will be watching it next .
fontu
:-) Nice to see you here. Is there a pair you never trade? :-)
  • #270,467
  • Jan 30, 2011 3:53am Jan 30, 2011 3:53am
Quoting hutrader
:-) Nice to see you here. Is there a pair you never trade? :-)
Thanks , traded gu long back & sparingly recently.

Yes most pair available trading I never traded.

short possible outcome gu , a spike up possible again.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #270,468
  • Jan 30, 2011 7:17am Jan 30, 2011 7:17am
Quoting z3r0
My whole analysis at that time is still in play. By order I looked the long-term trend (depicted on the 1st chart with averages only). Then I used technical analysis for a entry point on the daily and that's chart 2. Then on the 3rd chart I did a close-up analysis on the H4 chart to assess the possible bull and bear scenarios. Plus you could see the signs on other pairs like GBP/CHF (was loosing steam - not making new highs on H4 near 61fib), plus GBP/USD reaching that resistance level.

Don't know if it was this that you were asking precisely but...
thank you for the explanation
at least it is more than enough, as my analysis of materials for trading next week,

thanks for sharing,,
I like your trading system is simple
only an analysis, and I'm always wrong, don't follow me,
  • #270,469
  • Jan 30, 2011 9:36am Jan 30, 2011 9:36am
We will touch 1.63 soon.
Prices are never too high to begin buying or too low to begin selling.
  • #270,470
  • Jan 30, 2011 9:39am Jan 30, 2011 9:39am
.
Quoting Pipmysterio
We will touch 1.63 soon.
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not euphoria follower
  • #270,471
  • Jan 30, 2011 1:10pm Jan 30, 2011 1:10pm
Quoting Pipmysterio
We will touch 1.63 soon.
Explain soon.. When is it going? Did it buy it's airfare already and is it's bags packed? Is it bringing the family? Does it have any activities planned once it gets there? How long is it going for? Did it get someone to watch the dogs and cats while it's away?

I'm not saying your right or wrong, a little more info would be helpful please..

Thanks,
C.
  • #270,472
  • Jan 30, 2011 1:50pm Jan 30, 2011 1:50pm
Daily : past 3 days shows confluence DTL with LTL ( 7 Jan.) and DP 15877.
H4: LTL breached to downside.
H1: Double bottom 15825 ..demand 15825 down to 15475.
M15:I'm waiting for LO to decide ...which way from existing range (consolidation) 15867-15853.
In my limited experience and vision all the fundermentals and technicals are at a crucial point where climactic volume (emotional response) could enter the market . For this reason, paradoxically,i am staying with my technical analysis ..that of supply and demand. If my attached chart does not show this ....would you please address your complaints to
ME...c/o asylum@cable thread.
G/L
Attached Image (click to enlarge)
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All systems of divination, like music itself,work through patterns.
  • #270,473
  • Jan 30, 2011 1:53pm Jan 30, 2011 1:53pm
Quoting Ctic
Explain soon.. When is it going? Did it buy it's airfare already and is it's bags packed? Is it bringing the family? Does it have any activities planned once it gets there? How long is it going for? Did it get someone to watch the dogs and cats while it's away?

I'm not saying your right or wrong, a little more info would be helpful please..

Thanks,
C.
All systems of divination, like music itself,work through patterns.
  • #270,474
  • Jan 30, 2011 2:04pm Jan 30, 2011 2:04pm
Quoting Pipmysterio
We will touch 1.63 soon.
Sorry projection not found. Did u mean 1.53xx? Reminds me about how search engines present search results.
  • #270,475
  • Jan 30, 2011 2:05pm Jan 30, 2011 2:05pm
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Hero calls followed by margin calls...
  • #270,476
  • Jan 30, 2011 3:04pm Jan 30, 2011 3:04pm
Quoting PhAnTi'
Attachment
Hi Phanti, could you show the origin of your trend lines, plz.
I've been taught that a min. 3 HH or 3 LL should be tracked ...preferably 4....
Prolly fault of my charting package but i cant find where yours are coming from.
Could you zoom out sometime so's we can see the validation?
All systems of divination, like music itself,work through patterns.
  • #270,477
  • Jan 30, 2011 4:51pm Jan 30, 2011 4:51pm
Opening the week, I see the H4 being the interm relevant chart for support and resistance.

Chart bottom now being the H4 200EMA, chart top being the H4 hulls...

Good luck into this weekly open!
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #270,478
  • Jan 30, 2011 5:12pm Jan 30, 2011 5:12pm
I would expect gbpusd will pull back into 38.2% retracement this week
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  • #270,479
  • Jan 30, 2011 11:01pm Jan 30, 2011 11:01pm
Good day,

Here's my view for GU.
Bullish divergence forming on H1:

1. Retrace to 5880 ish which is 38-50 fib, Weekly-Daily PVP and 200 ema. and bounce back drop to 5770-5750.
2. Break the 'fitty and move up to 5930 completing double bottom / W pattern.

Just my opinion and cud be wrong. G/L.

Regards,
Attached Image (click to enlarge)
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  • #270,480
  • Jan 30, 2011 11:01pm Jan 30, 2011 11:01pm
Quoting surewin888
I would expect gbpusd will pull back into 38.2% retracement this week
http://www.forexfactory.com/showpost...stcount=270487

Close the position for 100 pips gain...I rather short it again at higher price
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