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Cable Update (GBPUSD)

  • #272,761
  • Feb 23, 2011 10:12am Feb 23, 2011 10:12am
Quoting Black Hole
you male chauvinist pig !! lol

noooo, I'm kidding

but I think there's more chance that traders of Cable are simply cowards (read: pus...s )
I got RULES for my self...
And Not Broke again, cause always make me LOSS (often)

Here my Best HANDBOOKS to TRADE :

http://www.forexfactory.com/showpost...6&postcount=12

http://www.forexfactory.com/showpost...2&postcount=13

AGREED with... P
Always looking the GREAT, never left GOOD Point...
  • #272,762
  • Feb 23, 2011 10:15am Feb 23, 2011 10:15am
Quoting wormboy
hey rich,

yea i bought pretty cheap late yesterday & had already lock the position in, so no problems holding.
cable will follow eu once sterling clear some resistance. No weakness yet atm, all strength.
D1 gbplfx is retesting the W1 pvp. Shorts could still get away with some profit scalping cable atm, but once the pvp clears, you do not want to be caught selling the pair imo.

have a good one my friend!

Hi Wormboy,
cool analysis
What is pvp pls? Pivot?
  • #272,763
  • Feb 23, 2011 10:19am Feb 23, 2011 10:19am
.6225 holds, let's see what next, the trade is almost done in Europe but I'll wait anyways...
  • #272,764
  • Feb 23, 2011 10:19am Feb 23, 2011 10:19am
Quoting wormboy
i bought @1.6117 yesterday. waiting isn't a problem for me
Cool mate
  • #272,765
  • Feb 23, 2011 10:20am Feb 23, 2011 10:20am
Quoting vosterfxandy
true, we shall see, hehe.
Yeah Andy..
  • #272,766
  • Feb 23, 2011 11:14am Feb 23, 2011 11:14am
time to buy..
i think the cable could go up again to 1.6255..
anyone agress?
  • #272,767
  • Feb 23, 2011 11:30am Feb 23, 2011 11:30am
i think bears are hungry.... winter is near endin.
when they will wake up, will eat everithing
90% of traders use TA, indicators and prediction
  • #272,768
  • Feb 23, 2011 11:33am Feb 23, 2011 11:33am
Quoting deryworlds
Yeah Andy..
yeah...
Enter Signature
  • #272,769
  • Feb 23, 2011 12:11pm Feb 23, 2011 12:11pm
Now My opinion again ..Probably Bull Will late at Friday Nite and Monday !! ( Dragon wont let Cable Up Now )
Have a nice trade Guy's
  • #272,770
  • Feb 23, 2011 12:11pm Feb 23, 2011 12:11pm
Still looking for a long entry. Perhaps around 1.6179 but no confirmation yet.
  • #272,771
  • Feb 23, 2011 1:20pm Feb 23, 2011 1:20pm
Quoting _BBKing_
i think bears are hungry.... winter is near endin.
when they will wake up, will eat everithing
Damn one of these days winter will start by us, damn wht a bummer!!!
But ok with these heat waves that have been hitting us, one after one and then its normal temp and still killing us with the heat, and it doesnt rain it makes you crazy.

Must be global warming lol ... not.
Attached Image
  • #272,772
  • Feb 23, 2011 1:30pm Feb 23, 2011 1:30pm
Quoting uksnowman
Still looking for a long entry. Perhaps around 1.6179 but no confirmation yet.
Damn turned around to the pip and would have been good for 20 pips, but I closed early doh!
  • #272,773
  • Feb 23, 2011 1:32pm Feb 23, 2011 1:32pm
GBPUSD appears to be in UPTREND until June.
Up and Down and back up up up!
  • #272,774
  • Feb 23, 2011 1:44pm Feb 23, 2011 1:44pm
Quoting CoffeeDrinke
Damn one of these days winter will start by us, damn wht a bummer!!!
But ok with these heat waves that have been hitting us, one after one and then its normal temp and still killing us with the heat, and it doesnt rain it makes you crazy.

Must be global warming lol ... not.
well london's winter near ending......

meanwhile gbp usd lost that trend line

im searchin line to go long again :nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: gusdm30.jpg Size: 222 KB
90% of traders use TA, indicators and prediction
  • #272,775
  • Feb 23, 2011 2:23pm Feb 23, 2011 2:23pm
Quoting uksnowman
Damn turned around to the pip and would have been good for 20 pips, but I closed early doh!

Yes, I have noticed that also. We should both have entered... But I think it is still good time to hop on, the train has not left the station.
  • #272,776
  • Feb 23, 2011 2:42pm Feb 23, 2011 2:42pm
GBP/USD is certainly in the ascending triangle which means that we are going through the 1.63 resistance. As an add for the picture, there's also a bullish hidden divergence between the second and the third dip on the trend line.

Stochastics are overbought which means that they should be normalized before going through that. Controversially, that might happen even though we would go through it. I would still beware bearish RSI and MACD divergence.

The trend is still up and I still see no reasons for entering any trades right now as we might see false breakouts in both directions: if we went up, RSI and MACD would likely form a bearish divergence and if we would went down, there's still ascending triangle, important hidden bullish divergence and the trend line pointing to the north-east.

http://1.bp.blogspot.com/-xabYJrcCVK...d_triangle.png
  • #272,777
  • Feb 23, 2011 3:50pm Feb 23, 2011 3:50pm
Quoting _BBKing_
85.4 level
interesting :nerd:

u use only on 15m n 30m charts?
how you calculate top n bottoms?

tks
hi BBKing

I use fibonacci levels on any timeframe and
draw them predominately to capture the retracement value of the last
2 fully formed obvious swing points...

85.4 is part of the fib sequence
100*0.618 = 61.8
61.8*0.618 = 38.2
38.2*0.618 = 23.6
with 14.6 = 100*0.618*0.618*0.618*0.618
100-14.6 = 85.4

Attached Image
  • #272,778
  • Feb 23, 2011 3:56pm Feb 23, 2011 3:56pm
During the lull... only on this smaller 5M TF, for those interested in
MMA patterns:

Here's a pair, the EURJPY (only one of 15 I viewed) that is currently
in a tight compression on the 5M chart. All others have been moving
and now their EMAs are either gathering or still separating. So in this
instance on this 5M TF it is interesting to see an example of equal
USD weakness at the moment against the EURO and against the JPY
and we have a pair ready to pop when the tug of war ends and one
dominate pair wins out until the next battle. Something to watch up
to the Asian session. Notice the inverse correlations with the USD.

Dr. D.
Attached Images
  • #272,779
  • Feb 23, 2011 4:12pm Feb 23, 2011 4:12pm
fibo's are a very helpful tool in the traders survival kit...
they are like matches...they can light the way...

"be aware though, they are of not much use if you don't have anything to burn!, except maybe your fingers".


another example

Attached Image
  • #272,780
  • Feb 23, 2011 4:24pm Feb 23, 2011 4:24pm
Quoting Cobby
fibo's are a very helpful tool in the traders survival kit...
they are like matches...they can light the way...

"be aware though, they are of not much use if you don't have anything to burn!, except maybe your fingers".


another example

Attachment
Why did you pick your lower point (100) in an obvious middle of the uptrend?

Here's what I get... but I'm not polished at fibs.

Dr. D.
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