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Cable Update (GBPUSD)

  • #274,001
  • Mar 14, 2011 9:50am Mar 14, 2011 9:50am
Sell GU @ 1.6129 TP1 1.6070 TP2 1.6010 SL 1.6205
Find chart attached.
Happy trading!
Meshach.
Attached Image (click to enlarge)
Click to Enlarge Name: gu_ny_session.gif Size: 22 KB
  • #274,002
  • Mar 14, 2011 10:05am Mar 14, 2011 10:05am
middle of r1... r2. 16138 . Bang on 200ema resistance. Short.
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (14-MAR-11).png Size: 8 KB
All systems of divination, like music itself,work through patterns.
  • #274,003
  • Mar 14, 2011 10:29am Mar 14, 2011 10:29am
Quoting Exciter135
My D1 bullish still valid. But actually it is on cross road. A close above 1.6175 today I think up trend will resume. Or we will in sideway between 1.6160 and 1.5980. Overall year still bullish.
yeah me too i think 6175 is very interesting line.
in 6150-6200 range there is a big concentration of things there and if unable to cross up we could see a very weaker than previous wave in h4 n a possible H S in daily too....

4 the moment is only a suppose, actually i closed all swing positions with overall 80 pips profits and all in long way.
now im not sure on both short or long.

want to see 6110 confirmed as support before any futher decision
90% of traders use TA, indicators and prediction
  • #274,004
  • Mar 14, 2011 10:56am Mar 14, 2011 10:56am
out Ch!..stopped.
All systems of divination, like music itself,work through patterns.
  • #274,005
  • Mar 14, 2011 10:57am Mar 14, 2011 10:57am
straight above 6150
i did not expect!
90% of traders use TA, indicators and prediction
  • #274,006
  • Mar 14, 2011 11:00am Mar 14, 2011 11:00am
Quoting chazzle
Closed for 20
Should have held?
  • #274,007
  • Mar 14, 2011 11:02am Mar 14, 2011 11:02am
short @ 1.6180 SL 1.6210 TP open...
  • #274,008
  • Mar 14, 2011 11:10am Mar 14, 2011 11:10am
Quoting chazzle
Should have held?

my last position had target 6152
closed manualy 613x

who expected this straight up?
90% of traders use TA, indicators and prediction
  • #274,009
  • Mar 14, 2011 11:11am Mar 14, 2011 11:11am
Quoting navhin
short @ 1.6180 SL 1.6210 TP open...
Nice entry bro! I entered one level earlier.
  • #274,010
  • Mar 14, 2011 11:12am Mar 14, 2011 11:12am
Quoting SerpentDove
I've been long since Friday at 1.6017 would like to see 1.6250 ish just for the sake of harmony with euro in the charts but that doesn't always happen.. so it's not the farm on the line. I hear my pillow calling so, good luck whoever is trading into London Open.

Doh!, shoulda let it run another 30pips. Closed out at 1.616. Good Monday for me but feels like a hollow victory considering the asswhoopin' I took on the way down last week. Still, getting a weeks worth of losses back in a day is far far far from something to cry about. I'm gonna take a nice long break from my screen, like till tomorrow.

Best of luck to those trading the rest of NY.
  • #274,011
  • Mar 14, 2011 11:20am Mar 14, 2011 11:20am
gu short entry @ 1.6180 another limit at 1.62 SL 1.6215...
Attached Image (click to enlarge)
Click to Enlarge Name: gu.JPG Size: 101 KB
  • #274,012
  • Mar 14, 2011 11:27am Mar 14, 2011 11:27am
Quoting redbeben
hello

my long term view for this pair is this

long with TP's at 1.625,1.643,1.70 and 1.784

short term we still might have a 1.5940-50 but I would not count on it yet.
it's comming

nearly first TP

we might touch the sky pretty soon....it's just something correlated to the moon's attraction on all things on earth...including prices )

just kidding.
the price broke the W trendline and if the month stays above 1.61 then we broke the M bearish trendline as well....meaning the TP's above

offcourse this is the long term view (more than one day)and it does not mean I am right or wrong.it is just how I see it now.

Good luck everybody
  • #274,013
  • Mar 14, 2011 11:32am Mar 14, 2011 11:32am
Quoting navhin
gu short entry @ 1.6180 another limit at 1.62 SL 1.6215...
good luck - i managed to get one in 16195 for 20 pips - but the way it went straight through 16185 (to the upside).. ... it was risky - would not try another top-pick
  • #274,014
  • Mar 14, 2011 11:53am Mar 14, 2011 11:53am
Here's the 5m and 1hr charts that each show different ways
of timing an entry. The 5m chart broke from a compression
pattern and the 1hr showed a bounce of the 9ema precisely
off of the 18ema after the crossover (netting over 100 pips).

Dr. D.
Attached Images
  • #274,015
  • Mar 14, 2011 12:04pm Mar 14, 2011 12:04pm
Quoting kaspopsicle
middle of r1... r2. 16138 . Bang on 200ema resistance. Short.
thanks for posting that chart kas - made me see something - I think those 3 red candles could be "bullish rising 3" - http://www.fxwords.com/b/bullish-ris...ndlestick.html

with the last one being a spinning top closing right on the DP
  • #274,016
  • Mar 14, 2011 12:06pm Mar 14, 2011 12:06pm
There are methods using MA bounces that are
effective trades. Watching the MAs after a cross
or a compression release on higher TFs and noting
the MAs are separated / parallel and then entering
as the price bounces off of the top MA (9ema in
this case). Here are four entries seen on a 1hr chart.

Dr. D.
Attached Image
  • #274,017
  • Mar 14, 2011 12:12pm Mar 14, 2011 12:12pm
im not ready to short it now.
shortin now sounds like going long when was @6040 four days ago.

im out of long way too... i closed too early but that was my plan
i need now to wait patiently
90% of traders use TA, indicators and prediction
  • #274,018
  • Mar 14, 2011 12:28pm Mar 14, 2011 12:28pm
Sorry if somebody has already posted similar to this...but i'm going to anyway. Cable played out a beautiful inverted head & shoulders, but I don't claim to be an expert.....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd h & s.gif Size: 29 KB
The hardest way to make an easy living.....
  • #274,019
  • Mar 14, 2011 1:07pm Mar 14, 2011 1:07pm
Viewing another pair, you might expect that when this
releases from its compression patterns (seen here on
the 1H and 4H) it should have some force behind it to
sustain an extended move.

Dr. D.
Attached Images
  • #274,020
  • Mar 14, 2011 1:13pm Mar 14, 2011 1:13pm
Quoting chazzle
thanks for posting that chart kas - made me see something - I think those 3 red candles could be "bullish rising 3" - http://www.fxwords.com/b/bullish-ris...ndlestick.html

with the last one being a spinning top closing right on the DP
Thanks, Chaz. Wish i'd seen it. lol.
Just got back here.... am still analyzing.....

Yes.. spot on Chaz...thanks . I'll be watching for that next time....and thanks for the link.
All systems of divination, like music itself,work through patterns.
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