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Cable Update (GBPUSD)

  • #271,201
  • Feb 8, 2011 4:16am Feb 8, 2011 4:16am
good call
  • #271,202
  • Feb 8, 2011 4:17am Feb 8, 2011 4:17am
Quoting redbeben
1.6120 hit already

but I#m greedy and I will leave it to 1.6180
money money money

weeeeeeeeeeeeee
  • #271,203
  • Feb 8, 2011 4:20am Feb 8, 2011 4:20am
open long GBP/USD position at 1,6134
  • #271,204
  • Edited 4:34am Feb 8, 2011 4:27am | Edited 4:34am
Quoting redbeben
GBP a lot weaker than USD and flat KS on Daily ...,strong rebound on H1

but we will have a pull back to 1.6120-30 like ..now

Entry 6105, SL 6075
TP6125

opening reason
1)Quick fall 2hours nonstop on regular weekday according to M15
2)same pattern like yesterday.
3)why TP 6125, i expected it to retrace to 50% of today DIFFERENT of Highest n Lowest GAP 80Pips. Lowest 6080, i aim 6125 under manual monitoring. I reseted my TP from 6115 to 6125.. i wanted to reset, but no point OVERDOING it, Like i got NO PLAN.
I just LUCKY.

My fren acc BURST STILL shadowing me from last wednesday till now...
So NO more third time Reset of TP.

GEEN PIPS EVERYONE.
6.30pm now, time for DInner.
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  • #271,205
  • Feb 8, 2011 4:47am Feb 8, 2011 4:47am
Quoting WengOn
Entry 6105, SL 6075
TP6125

opening reason
1)Quick fall 2hours nonstop on regular weekday according to M15
2)same pattern like yesterday.
3)why TP 6125, i expected it to retrace to 50% of today DIFFERENT of Highest n Lowest GAP 80Pips. Lowest 6080, i aim 6125 under manual monitoring. I reseted my TP from 6115 to 6125.. i wanted to reset, but no point OVERDOING it, Like i got NO PLAN.
I just LUCKY.

My fren acc BURST STILL shadowing me from last wednesday till now...
So NO more third time Reset of TP.

GEEN PIPS EVERYONE.
6.30pm now, time for DInner....
i don't know if you opened just now or when I sent the message....as the move started when I sent it in the same minute.
I'm glad that you did analyze the market before jumping in and not just followed somebody's post

I jumped on the long one as the indies told me so,we were on S level and the trendline was broken but needed a retest I circled it on the second chart
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  • #271,206
  • Feb 8, 2011 5:03am Feb 8, 2011 5:03am
Quoting fourxtrader
With the 30M also in a tight compression, the 5M move
might stall at this level and only be an oscillation upward
to get a good run at the point of convergence in this larger
tf and then on down for an even bigger move.
A 1M compression pattern could form easily and drive this
move back down through the heart of the 30M...
hahaha There ya go. Now the price
is sitting right on the point of convergence.

Dr. D. zzzzzzzzzzzzzzzzzzzzzz
[i]
http://www.forexfactory.com/attachme...1&d=1297150041
Attached Image
  • #271,207
  • Feb 8, 2011 5:13am Feb 8, 2011 5:13am
Quoting fourxtrader
hahaha There ya go. Now the price
is sitting right on the point of convergence.

Dr. D. zzzzzzzzzzzzzzzzzzzzzz
[i]
http://www.forexfactory.com/attachme...1&d=1297150041
are you short then?
  • #271,208
  • Feb 8, 2011 5:50am Feb 8, 2011 5:50am
1141 GMT (Dow Jones) Sterling is on the backfoot Tuesday with the news that the UK government has made the levy on bank profits permanent garnering a fair amount of attention, arguably too much, says Citi. The pound currently trades at the day's low vs JPY, CHF and EUR while against a generally weaker USD it is trading in the middle of the day's 1.6161-1.6087 range. ([email protected])
  • #271,209
  • Feb 8, 2011 5:54am Feb 8, 2011 5:54am
Inverted H&S ... first ema200 then neckline then DP ...
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  • #271,210
  • Feb 8, 2011 6:18am Feb 8, 2011 6:18am
Quoting chazzle
Inverted H&S ... first ema200 then neckline then DP ...
ok - maybe not
  • #271,211
  • Feb 8, 2011 6:52am Feb 8, 2011 6:52am
Quoting chazzle
ok - maybe not
Expected levels, assuming 78 level on USDX will break:

1.6085
1.6040
1.5900

USDX < 77.80 => bets off

USDX-M10:
Attached Image
Don't be a hero. Don't have an ego. Always question yourself
  • #271,212
  • Feb 8, 2011 7:04am Feb 8, 2011 7:04am
Quoting gsantri
I would prefer short scalp today
.
This is my 3rd shorts on cable. 0.6 vol taken for 34 pips SL @BE.

If this will make it sensitive, I apologize.
Maybe there will be no more post from me.
.
Attached Image
  • #271,213
  • Feb 8, 2011 7:13am Feb 8, 2011 7:13am
i went short twice today, i wish i could explain
  • #271,214
  • Feb 8, 2011 7:20am Feb 8, 2011 7:20am
Quoting gsantri
This is my 3rd shorts on cable. 0.6 vol taken for 34 pips SL @BE.

If this will make it sensitive, I apologize.
Maybe there will be no more post from me.
.
don't exaggerate GS - all is fair in love and war
  • #271,215
  • Feb 8, 2011 7:28am Feb 8, 2011 7:28am
Quoting forexcompoun
Hi all, GU has a probable bullish gartley being formed on 1hr tf. Point D is at 1.6066 and is in confluence with a horizontal support at that level.

I suggest buying at 1.6066 and holding long till 1.6326 or 1.6393 this week.

Happy trading!
Ok, price has gotten there. Let's enjoy the up ride. Try keep SL below 1.6000
Happy trading!
  • #271,216
  • Feb 8, 2011 7:43am Feb 8, 2011 7:43am
Quoting forexcompoun
Ok, price has gotten there. Let's enjoy the up ride. Try keep SL below 1.6000
Happy trading!
am afraid this week Will taken by bears side according monthly correction before next rally, well just keep on eye at 5975 - 5815
  • #271,217
  • Feb 8, 2011 7:43am Feb 8, 2011 7:43am
Res .605x now... will it poke downwards....?
I hope so.
  • #271,218
  • Feb 8, 2011 7:49am Feb 8, 2011 7:49am
Perhaps We Seen some correction
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  • #271,219
  • Feb 8, 2011 7:50am Feb 8, 2011 7:50am
it would be nice if there is a bounce here, I bought but with a stop under 6038
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  • #271,220
  • Feb 8, 2011 7:57am Feb 8, 2011 7:57am
Dx pushing for 7808 on H1.
Next level 7018 = DP
Expect resistance here. As with support on cable at 16040.
As Bull Bear has already mentioned.
All systems of divination, like music itself,work through patterns.
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