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Cable Update (GBPUSD)

  • #275,721
  • Apr 7, 2011 2:23pm Apr 7, 2011 2:23pm
hello all,
i was reading some posts:
excellent a lot of things today

i would post my chart on gbp us
hope it is not too much confused
i see hourly channel n uptrend
looks like "stairs to sky"

above 6340-6360 i expect price to come on confirmation an call a buy
below 6250 opposite..

are we going to catch 6400 resistance?
or another test on lows?
time will tell
Attached Image (click to enlarge)
Click to Enlarge Name: gusdh4.jpg Size: 200 KB
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  • #275,722
  • Apr 7, 2011 3:12pm Apr 7, 2011 3:12pm
Quoting fourxtrader
Nice tight convergence of EMAs to generate
the necessary energy for some movement.
All other TFs up to 4H (excluding the 1M) are
in separation or extended. That point of C
seems a very appealing target to strike.
.http://www.forexfactory.com/attachme...1&d=1302108961...
We see these patterns often in lower TFs, even on
a daily basis. Here, within a few pips... 27 hours later.
Some are the precursor to volatile and often sharp
unidirectional vertical price movement... especially
if they should preceed an active session or news release.

Not so at this hour but compression patterns carry
their own energies and sometimes are self igniting so
they're fun to watch and enter should they breakout.

Dr. D.
Attached Image
  • #275,723
  • Apr 7, 2011 8:32pm Apr 7, 2011 8:32pm
Longterm will go up to Weekly / ema 200 imho, but I play scalp 20 pips each trade, and is may short ( at a new high resistance line) or long ( at a dip ).
Attached Image (click to enlarge)
Click to Enlarge Name: 080411.gif Size: 92 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #275,724
  • Apr 7, 2011 9:40pm Apr 7, 2011 9:40pm
Morning all..,

guess what,

last night i dream meet with Mr O


in my dream i want him to give a signature for me, and he do that, he also write something for me, but i can't read it clearly cos he has a bad handwriting...


i wish i could back in that dream and re-read what his message for me..
I will be the number one Manager.
  • #275,725
  • Apr 7, 2011 9:42pm Apr 7, 2011 9:42pm
Quoting fourxtrader
We see these patterns often in lower TFs, even on
a daily basis. Here, within a few pips... 27 hours later.
Some are the precursor to volatile and often sharp
unidirectional vertical price movement... especially
if they should preceed an active session...
Just as an example, currently here's one off of the 1M.

Dr. D.
Attached Image
  • #275,726
  • Apr 7, 2011 9:51pm Apr 7, 2011 9:51pm
look like 1.6400 is in the making
  • #275,727
  • Edited 10:42pm Apr 7, 2011 10:23pm | Edited 10:42pm
Good day to you,

Attached the current 15 min chart with some notes. I have numbered points of interest. I am taking the wife and kids away for the week-end. Going fishing....so will not really be trading today.

1) Immediate resistance @ 1.6362. Watch for reaction there.

2) Should the above level become support, we may head towards 1.6398 ( the high of March) and 1.6400 ( Round number). Then possibly towards 1.6455 ( this is an important level based on price angle and time)

3)Should price drop back below 1.6362, watch 1.6345 as support/resistance.

4) If price goes below 1.6345 again and is contained, the target becomes 1.6300. ( Again based on price angle and time)

I wish you all the best for the sessions ahead. Trade well.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gu10004.gif Size: 29 KB
  • #275,728
  • Apr 7, 2011 10:52pm Apr 7, 2011 10:52pm
Quoting Qu|cksilver
common cable.. just keep going down..
what every happen to this guy?
  • #275,729
  • Apr 7, 2011 11:42pm Apr 7, 2011 11:42pm
I think GU is going up and up until next week....

What do other senior think ???
  • #275,730
  • Apr 7, 2011 11:48pm Apr 7, 2011 11:48pm
Quoting NieFenG999
I think GU is going up and up until next week....

What do other senior think ???
  • #275,731
  • Apr 8, 2011 12:03am Apr 8, 2011 12:03am
Quoting NieFenG999
I think GU is going up and up until next week....

What do other senior think ???
I think GU will follow EU as always

my Current TP @165

I do expect it will go above 16500 anyway for next week
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  • #275,732
  • Apr 8, 2011 12:08am Apr 8, 2011 12:08am
looks like very longterm investment for me with open shorts @1.62...
  • #275,733
  • Apr 8, 2011 12:10am Apr 8, 2011 12:10am
Quoting sphinx8
looks like very longterm investment for me with open shorts @1.62...
I think you need to wait for at least a week to come or you may hedge your position instead?
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  • #275,734
  • Apr 8, 2011 12:13am Apr 8, 2011 12:13am
Quoting Mrleeforex
I think you need to wait for at least a week to come or you may hedge your position instead?
well if it comes back down in a week I will be very happy and making some nice pips.... the question is if it comes down with a year time?
  • #275,735
  • Apr 8, 2011 12:16am Apr 8, 2011 12:16am
Quoting sphinx8
well if it comes back down in a week I will be very happy and making some nice pips.... the question is if it comes down with a year time?
Don't worry it will eventually will down for retracement , people do that for profit taking .

I encourage you to do hedging instead of waiting to make your own safety line. I'm still sensing that the bull is coming though. so Beware
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  • #275,736
  • Apr 8, 2011 1:11am Apr 8, 2011 1:11am
Quoting sphinx8
looks like very longterm investment for me with open shorts @1.62...
could just close it... use a Stop Loss
  • #275,737
  • Apr 8, 2011 1:19am Apr 8, 2011 1:19am
Buy a dip.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #275,738
  • Apr 8, 2011 1:19am Apr 8, 2011 1:19am
Sell GBPUSD at 1.63840
sl: 1.63934 tp: 1.63734
  • #275,739
  • Apr 8, 2011 1:21am Apr 8, 2011 1:21am
Quoting chazzle
could just close it... use a Stop Loss
hope not to, has to go down again sometimes.............. question is in what year ? ))
  • #275,740
  • Apr 8, 2011 1:21am Apr 8, 2011 1:21am
urgh
i wake up n find +100pips n +30pips in eur usd n +56pips on gbp usd
all while sleeping! i love this feeling
my day already done
now wait for big data on gbp in 2 hours
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