Cable Update (GBPUSD)

i just love these lines that i draw in my charts ....problem is ...keeping the gremlins out.

No...wait ..am i the gremlin ?

anyone thinking of this now ?

Yes

I was so sad (and not because my accent was bad as the song said) but because I did not listen to my inner voice telling me sell sell sell
the Tp was chosen ok,the reason of the news was in my head and still I did not squeeze the trigger.I was to lazy and to tired of playing with the bulls or bears....I was born in a country where bears literally roam on the streets and I end up in a country were bulls are massacred.
Maybe this is my destiny

Anyway,in regards to the market.I keep my bear vision.

I said we need a 600 pips down and later on another 300 and 300 but as a continuation to that 600

So if we go up now to 1.655-75 area we'd still need to finish the first 600 pips down from 1.67.
and from that level of 1.6155 another 300 down and from that level another 300 down

Total pips down from 1.6745 should be 1200 which would take us to the 1.55 level.

and then up again to 1.72

For now we went down only 400 out of 600 so still 200 to come.....in my opinion.

I remember the time when we were up to 1.67 and many were screaming on diff websites and many so called experts predicted a 1.70 straight away.

they were right.it all depends on the amount of drawdown you are willing to risk and the amount of time you are willing to sacrifice.

I mean from that shout we went 400 pips down instead of 300 up.400 pips would have been a disaster for the ones using big lot positions.

and yet people continued to buy into demand areas.lucky the ones that held the positions intraday and only for 20-50 pips at a time.

I was in the same situation here as sphinx.....I had some shorts on GJ opened since last month @131 and 132 TP 127.50....I had a DD of nearly 800 pips on the first one.I can take such hits to the guts as I traded millions before but I lost as well 2 kilos while waiting patient the reversal(I knew it was there)

Now with the GU I was on shorts.I still see the 1.6155-80 level touched pretty soon.but I preffer to stick to a plan and trade only high probability trades and jump in and out fast.
I would not open a short now.I see the move down but I need another level to be broken after this up and down.
We are entering a range area now and this is my garden.I will trade for 20-60 pips with pinpoint accuracy.

But,as soon as we will resume whatever trend will be I will be on it for big pips.

GJ will go down as well maybe monday or tuesday.it all depends on the PA.

so.....I guess you did not understand anything I wrote here...not even I can read properly what I wrote

same thing with EU.I predicted a 1.50 level or max 1.51
we had 1.495-6
after the top I said a drop of 800 pips first and later 400 and 400

if we consider that4950 as a top and we already had 500 down so far we still need 300 more

as 1.50 was not touched I will cut the 800 to 700 down
700 down means 200 more

200 more needs GU as well.
EU goes with GU...so 200 200

we had a sort of pullback today but a short one.....so maybe we will still go up to 1.6550-75 area and resume the down to 1.61 or we go down now.

our lives are now in the hands of the ninjas sunday night.if they are still asleep we might have a chance with the shorts.if they are aware of our plan...we might have to wait for a few more days

have a good weekend and please don't end up like me dreaming of pip stealing ninjas or hike rates....at least during the weekend

For G/U and depends on my system when market open on Sunday and after 24H the up move will start targeting Over 1.6550 - 1.66
E/U Another story

Wish u Happy weekend bro
Cya

Hi, there was a Non Farm Payroll news on Friday right? and the result is GOOD...why GBP not falling down until 100 - 200 pips..??? anyone can share please...??? this news has trapped me out...

Weekly chart



Daily chart

hello all
i am looking at volumes since few time n tryin to learn something more about it.
is anyone can answer? :
i see when volumes increase in h4 chart, price close lower, so this would mean bears are stronger than bulls. is it correct or am i completely wrong?

thanks in advance!

p.s. that sell position can be i mistake, i know we are in support area, opened friday then did not close near 6350. gosh, i hope price will open near friday closing 6363 (...)

anyway, based on my thursday's study, we are:

below all previous 7xh4 candles
below blu trendline
below 61,8% retrace from 6160
below 74.6 fibofan same level
below 6380 support line
below ema200

i don't know if we will go up monday until next 20years.
surely, last week bears won.

i still find next support in 6300-6335 range
near sma200, previous resistance area when price came from 61 area
on the chart posted this area is seen between 74.6% fibo and 6330 line.

Looking to buy GPBUSD above 1.64648 and sell it bellow 1.63534

Is there any direction for this coming monday ?
from what I see it will be bullish , so is there any feedback ?

http://www.forexfactory.com/showthread.php?t=267631

I see 6700, but it will probably going down to 6300 or lower before that because bears are still trying to bring it down and before bears lose their stand we probably won't see it higher.

Others have mentioned observing on the weekly shows that we have just risen one step above a concrete range. Looking at the last time it reached this level my newbie instincts tell me it might range between 6300 and 6700 for the next few weeks. I guess since it hasn't bust through this resistance since about Oct 2003 it would be a good idea to get some shorts in when it hits 6700?

Any opinions?

thank you
i checked and find out some more info!

if you say so that means AUD/USD will go bearish to then. cause as far as I know that these pairs are correlated. from what I see currently AUS/USD is on the Bullish stage. maybe should I get out from GU Trading ?

Watch this graph please and then comment

hello all
silent forum today... all waitin for market to setup?

i got a bit luck, closed the short +13pips
now went long for scalp waitin to add if closes m1 above ema+sma200 (white+white dotted)

hello
i think the bulliah div in h1 can give some up move on thiner volumes this asia session.

anyway i expect 6300-6330
after some rally up
im checkin in faster TF M1+M5 to see if potential up comes
time will tell

this weekend i searched something useful to use during ranging trends and after ny session openings.
i found here and other posts, the ant-GUbreakout applied 7.00-9.00 (ny time). alredy tried it in the past but with different reasons and TF
will try to check it in 5min chart adding VWAP and MACD

i dont know if will run good, but looking at hystory seems useful
MACD can help on entry/exit