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Cable Update (GBPUSD)

  • #287,941
  • Sep 1, 2011 3:47am Sep 1, 2011 3:47am
Quoting nAVIN2007
im not worried bro..at all
just upset with myself i didnt stick to original plan all because of low liquidity..i thought they be an opportunity to see 1.64 at least..we still will but concerned about normal trading resuming after holiday

it could fall if usd breakout..i dont think it will..lets see

will this range hold true??
That is great Bro

I have 2 open Short position still in cable, wanna see also what the case is this makes me more comfort to trade since there is no news such as SNB that makes me silly enough to take decision.. But lets hope for the best
  • #287,942
  • Sep 1, 2011 3:55am Sep 1, 2011 3:55am
Quoting sinchan
That is great Bro

I have 2 open Short position still in cable, wanna see also what the case is this makes me more comfort to trade since there is no news such as SNB that makes me silly enough to take decision.. But lets hope for the best
.
Attached Image (click to enlarge)
Click to Enlarge Name: cable1.jpg Size: 94 KB
  • #287,943
  • Sep 1, 2011 3:56am Sep 1, 2011 3:56am
Quoting nAVIN2007
usdlfx i find its works quite well

http://www.straighthold.com
Thanks, will check it later.
  • #287,944
  • Sep 1, 2011 4:11am Sep 1, 2011 4:11am
Wow what a september start
  • #287,945
  • Sep 1, 2011 4:20am Sep 1, 2011 4:20am
Quoting nAVIN2007
.
The Formation that U draw called as :" Pennants " Price Action Formation.. But its bit complicated not such as "ascending triangle" formation that most of the time will do a breakout on Up position or "Descending Triangle" Formation that most of the time will go more Down for the Breakout.. For the Pennant the breakout can do in whatever direction with the same chances..

I am prefer to look on the more bigger view for the descending triangle and Top Diamond Formation that been formed as the bearish sign since the supportline @6250 have been broken by the 4H candle stick by its body not the leg then I prefer to go down.. But who knows ee, its only the analysis could be happen in the opposite also

Great Chart
  • #287,946
  • Sep 1, 2011 4:31am Sep 1, 2011 4:31am
Quoting sinchan
The Formation that U draw called as :" Pennants " Price Action Formation.. But its bit complicated not such as "ascending triangle" formation that most of the time will do a breakout on Up position or "Descending Triangle" Formation that most of the time will go more Down for the Breakout.. For the Pennant the breakout can do in whatever direction with the same chances..

I am prefer to look on the more bigger view for the descending triangle and Top Diamond Formation that been formed as the bearish sign since [b]the supportline @6250 have...
This is exactly my short signal today as well
Anything can happen.
  • #287,947
  • Sep 1, 2011 4:55am Sep 1, 2011 4:55am
G/M,

50% of the main daily swing 5779-6617 at the current Lo along with Weekly and daily S1 in that vicinity...some demand there clearly...various potential pullback/reversal indications there from 1min upwards...1hr bullish difvergence is shown below.

Price still only @ 37% of it's 20day atr so far today ! feels like more with the 1st b/o of the recent 6207 4hr/daily swing lo...then the bounce at the 50% fib.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: 1hr.jpg Size: 132 KB
ex member
  • #287,948
  • Sep 1, 2011 5:00am Sep 1, 2011 5:00am
So, just a pullback from that 50% 5779-6617 or more ? a sustained recovery attempt perhaps ?...1hr has resumed it's downtrend, 4hr is in a downtrend too with daily printing a LL of it's 2nd LH now.

G/L
ex member
  • #287,949
  • Sep 1, 2011 5:06am Sep 1, 2011 5:06am
Quoting sinchan
The Formation that U draw called as :" Pennants " Price Action Formation.. But its bit complicated not such as "ascending triangle" formation that most of the time will do a breakout on Up position or "Descending Triangle" Formation that most of the time will go more Down for the Breakout.. For the Pennant the breakout can do in whatever direction with the same chances..

I am prefer to look on the more bigger view for the descending triangle and Top Diamond Formation that been formed as the bearish sign since the supportline @6250 have been...

when i trade i use all the tools i have same time but support and resistance take priority...the diamond u think may not actually be formed yet..it may make a lower low b4 it makes the right hand side..this is why im still in the trade..im forcasting the shape and trading it like it is there already..and it is because of this i feel it will go up..but its a long term trade now

i dont mind because im strong enough to deal with it..this is plan B, plan A failled..lol
  • #287,950
  • Sep 1, 2011 5:13am Sep 1, 2011 5:13am
Quoting nAVIN2007
when i trade i use all the tools i have same time but support and resistance take priority...the diamond u think may not actually be formed yet..it may make a lower low b4 it makes the right hand side..this is why im still in the trade..im forcasting the shape and trading it like it is there already..and it is because of this i feel it will go up..but its a long term trade now

i dont mind because im strong enough to deal with it..this is plan B, plan A failled..lol

That is Great Bro
  • #287,951
  • Sep 1, 2011 5:14am Sep 1, 2011 5:14am
Quoting ddinnov
This is exactly my short signal today as well

Thanks Bro.. But Let see, who Knows the future..??
  • #287,952
  • Sep 1, 2011 5:19am Sep 1, 2011 5:19am
That 50% 5779-6617 can be seen on Daily chart below at today's current Lo...the 4hr/daily ascending trend line has been breeched to the downside but no 4hr/daily candle close below it as yet...I wonder whether next traget for the bears is that previous 4hr/daily swing lo 6126-10 which is below current price ?

Price opened below the new monthly pivot and remains below it and below the weekly and daily pivots.

100sma on daily remains above 200 and flat, 4hr it remains above too but converging on the 200sma and on 1hr it is below and both are pointing down.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 68 KB
ex member
  • #287,953
  • Sep 1, 2011 5:29am Sep 1, 2011 5:29am
alternative scenero

pullback to breakout trend is mah cue
Attached Image (click to enlarge)
Click to Enlarge Name: cable1.jpg Size: 102 KB
  • #287,954
  • Sep 1, 2011 5:34am Sep 1, 2011 5:34am
Quoting nAVIN2007
alternative scenero

pullback to breakout trend is mah cue
Looking at that support also. See if it plays off.
  • #287,955
  • Sep 1, 2011 5:42am Sep 1, 2011 5:42am
5min hidden divergence play at the previous daily lo and 61.8% 6251 - current daily lo 6193 playing out - will we see a with 30min + trend follow thru to a new daily lo ??


G/L
Attached Image
ex member
  • #287,956
  • Sep 1, 2011 6:09am Sep 1, 2011 6:09am
HIT green area from 6323 ish
clear all short position. and waiting good setup for LONG


Quoting iqyu5an
waiting
not euphoria follower
  • #287,957
  • Sep 1, 2011 6:11am Sep 1, 2011 6:11am
Quoting iqyu5an
HIT green area from 6323 ish
clear all short position. and waiting good setup for LONG

good show, good show my man
  • #287,958
  • Sep 1, 2011 6:11am Sep 1, 2011 6:11am
6200 has got to give way soon...
Anything can happen.
  • #287,959
  • Sep 1, 2011 6:18am Sep 1, 2011 6:18am
HIT green area from 6323 ish
clear all short position. and waiting good setup for LONG

am focusing 6206

Quoting iqyu5an
waiting
not euphoria follower
  • #287,960
  • Sep 1, 2011 6:22am Sep 1, 2011 6:22am
ah dude...

am just little chicken here....just trying to keep learning in this forum.

thank for all of your clue my bro ......
Quoting nAVIN2007
good show, good show my man
not euphoria follower
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