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Cable Update (GBPUSD)

  • #274,441
  • Mar 19, 2011 8:56am Mar 19, 2011 8:56am
The trend IS your friend untill supply or demand knocks you out.
I trade off the 5min/1min.....always keeping weekly, daily,4hr, 1hr, 30min,15min a couple of seconds click on the side.

It works for me.........

At times of high volatility it can be profitable to scalp into supply or demand....counter trading....so long as you have your charts finely tuned to your own proven methodology.

Good Luck ,Green Pips, Great Weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (18-MAR-11).png Size: 10 KB
All systems of divination, like music itself,work through patterns.
  • #274,442
  • Mar 19, 2011 9:32am Mar 19, 2011 9:32am
http://i53.tinypic.com/2iqfkhi.gif

Share your view with me or have a different view

anyway breaking of the up resistance means breaking the 1st head level will make us go on the other way above towards 1.67 . if 2nd head formed then my scenario can be seen in the coming days
  • #274,443
  • Mar 19, 2011 10:11am Mar 19, 2011 10:11am
Quoting myteax
guys this is the oppurtunity weve been waiting for .... its time to short GU... short short all theway but be careful of US session.
I didn't go into GBPUSD currencie because it took a while to get going so how do you think it will fare on Monday?
  • #274,444
  • Mar 19, 2011 10:17am Mar 19, 2011 10:17am
I am madly, truly,deeply honoured.

Thank you.

........Will try to behave properly in the future....
All systems of divination, like music itself,work through patterns.
  • #274,445
  • Mar 19, 2011 1:04pm Mar 19, 2011 1:04pm
Quoting Ezz86
http://i53.tinypic.com/2iqfkhi.gif

Share your view with me or have a different view

anyway breaking of the up resistance means breaking the 1st head level will make us go on the other way above towards 1.67 . if 2nd head formed then my scenario can be seen in the coming days
Could you post a chart please?
All systems of divination, like music itself,work through patterns.
  • #274,446
  • Mar 19, 2011 5:33pm Mar 19, 2011 5:33pm
Quoting kaspopsicle
Could you post a chart please?
i have posted daily chart is it clear i really cant get u
  • #274,447
  • Mar 19, 2011 10:15pm Mar 19, 2011 10:15pm
He did post his chart via a link from another URL, not as an attachment.
For security reasons on some browsers sometimes this is not visible.

I wonder when the FF facility is complete enough but people are still reluctant to save and upload/attach a simple chart directly from his computer to FF server.
  • #274,448
  • Edited 4:20am Mar 20, 2011 4:07am | Edited 4:20am
Key Point is 1.6197
BULLISH still continue for Re-TEST Price @ 1.6285 as Resistance 2

If SHE can Broke, We say HELLO to Price @ 1.6341 as Fibo 0%
If can NOT, Retrice will come...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2011-03-20_Cable in D1.jpg Size: 158 KB
Always looking the GREAT, never left GOOD Point...
  • #274,449
  • Mar 20, 2011 9:06am Mar 20, 2011 9:06am
weekly visions? and tea cup readings :-)
Attached Image(s) (click to enlarge)
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  • #274,450
  • Mar 20, 2011 3:20pm Mar 20, 2011 3:20pm
If this month high is broken this will open the closed sky up to 1.7
Attached Image (click to enlarge)
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  • #274,451
  • Mar 20, 2011 4:09pm Mar 20, 2011 4:09pm
i was reading some posts now since friday.
maybe i am wrong,

but... is there a kind of challenge where winnner is who say the best thing and the others are fools?

there are a lot of good traders here.
but i see no co-op
i hope to be wrong!

there is a war in lybia im worried about (i live in italy near a NATO base) i dont know if things this week will be so easy on markets.

lets see.
90% of traders use TA, indicators and prediction
  • #274,452
  • Mar 20, 2011 4:27pm Mar 20, 2011 4:27pm
Quoting Ezz86
http://i53.tinypic.com/2iqfkhi.gif

Share your view with me or have a different view

anyway breaking of the up resistance means breaking the 1st head level will make us go on the other way above towards 1.67 . if 2nd head formed then my scenario can be seen in the coming days
exactly same idea.
i posted some days ago
only 1 thing different: i have a trendline comming from highest levels on weekly chart
now lies near 6250
thats why i think that if won't close above 6250... 5850 n 5810 will come soon

but triple bottom on h4 in 5980 looks like a good power to breake up
unless us dollar wakes up now....
Attached Image (click to enlarge)
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90% of traders use TA, indicators and prediction
  • #274,453
  • Mar 20, 2011 4:31pm Mar 20, 2011 4:31pm
Quoting Tsar
Key Point is 1.6197
BULLISH still continue for Re-TEST Price @ 1.6285 as Resistance 2

If SHE can Broke, We say HELLO to Price @ 1.6341 as Fibo 0%
If can NOT, Retrice will come...

Hello
nice to see you again
looks like all eyes will be waitin that 6270-6280 resistance area this week
90% of traders use TA, indicators and prediction
  • #274,454
  • Mar 20, 2011 4:35pm Mar 20, 2011 4:35pm
Quoting SerpentDove
weekly visions? and tea cup readings :-)
uhm
sorry i dont understand

you mean price broke down-trendline or that it is near up-trendline?
90% of traders use TA, indicators and prediction
  • #274,455
  • Mar 20, 2011 5:01pm Mar 20, 2011 5:01pm
down cable
  • #274,456
  • Mar 20, 2011 5:12pm Mar 20, 2011 5:12pm
For shorts dont target more than 1.6065 when we break down we can place more shorts
Attached Image (click to enlarge)
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  • #274,457
  • Mar 20, 2011 5:36pm Mar 20, 2011 5:36pm
GBPUSD looks to me like in a second phase of the uptrend. Quite strong, too bad I haven't held it till the end but closed it early.
Attached Image (click to enlarge)
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Enter Signature
  • #274,458
  • Mar 20, 2011 6:05pm Mar 20, 2011 6:05pm
Good Morning/Afternoon/Evening Worldwide FX Cable Fans!

It's/I'm Bullish...

Broken out of this 200 pip range from Mar 10-18 with 16185 as the ceiling ... but 16245 is a sticky point - Feb 18-24 highs / Feb 28-Mar 7 lows and highs of Mar 9

Possible re-test of 16155/85 area 16155 is the new WP and sees Feb 22-23 lows Mar 8-9 lows and Mar 14-15 highs

Weekly chart shows clear resistance at psych 16300 with 330 showing LTF resistance in the form of Mar 1-7 highs

So in short , I'm waiting for a retrace before going long ... (or maybe that's just too obvious and I'll get squashed )
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  • #274,459
  • Mar 20, 2011 7:44pm Mar 20, 2011 7:44pm
... plus SUGAR

Quoting _BBKing_
uhm
sorry i dont understand

you mean price broke down-trendline or that it is near up-trendline?
Quoting SerpentDove
weekly visions? and tea cup readings :-)
Attached Image
Always looking the GREAT, never left GOOD Point...
  • #274,460
  • Mar 21, 2011 2:52am Mar 21, 2011 2:52am
This move north before we hit sub 162 I'm treating as a fake - I think we need to hit some more demand to sustain the next leg up - the worst that can happen is that I miss the move
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