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Cable Update (GBPUSD)

  • #288,661
  • Sep 14, 2011 9:27pm Sep 14, 2011 9:27pm
gbp/usd has been in a long term downtrend since the November 2007 high at 2.1100.
Attached Image (click to enlarge)
Click to Enlarge Name: cable monthly.gif Size: 20 KB
  • #288,662
  • Sep 14, 2011 9:29pm Sep 14, 2011 9:29pm
i zoomed out so you can see it
Attached Image (click to enlarge)
Click to Enlarge Name: cable monthly2.gif Size: 25 KB
  • #288,663
  • Sep 14, 2011 9:39pm Sep 14, 2011 9:39pm
gbp/usd got sold on the hourly chart. testing the bottom of the short term range now on risk aversion.
Attached Image (click to enlarge)
Click to Enlarge Name: cable hourly.gif Size: 24 KB
  • #288,664
  • Sep 14, 2011 9:42pm Sep 14, 2011 9:42pm
count backwards about 15 candles or so. That bearish engulfing candle is dominating all subsequent candles so far. They have all formed inside bars.
  • #288,665
  • Sep 14, 2011 9:51pm Sep 14, 2011 9:51pm
bull is in progress in early step. just my imho
Quoting ovaforty
count backwards about 15 candles or so. That bearish engulfing candle is dominating all subsequent candles so far. They have all formed inside bars.
not euphoria follower
  • #288,666
  • Sep 14, 2011 9:53pm Sep 14, 2011 9:53pm
Quoting iqyu5an
bull is in progress in early step. just my imho
possibly if market sentiment turns bullish. But any move up will be sold by the Big Boys.
  • #288,667
  • Sep 14, 2011 9:56pm Sep 14, 2011 9:56pm
i am neither bullish nor bearish on this pair. i just read the charts.
  • #288,668
  • Sep 14, 2011 10:03pm Sep 14, 2011 10:03pm
15 min chart shows lower highs and price was rejected at the 38 fib. Downside range is the 61 fib.
Attached Image (click to enlarge)
Click to Enlarge Name: cable 15 min.gif Size: 28 KB
  • #288,669
  • Sep 14, 2011 10:14pm Sep 14, 2011 10:14pm
most happened in oversold area
that's just my imho, bro

current situation in m15 TF what i see

cheers,
still in learning phase

Quoting ovaforty
possibly if market sentiment turns bullish. But any move up will be sold by the Big Boys.
Attached Image (click to enlarge)
Click to Enlarge Name: m15.gif Size: 22 KB
not euphoria follower
  • #288,670
  • Sep 14, 2011 10:19pm Sep 14, 2011 10:19pm
i see it too. i expect a retrace upwards
  • #288,671
  • Sep 14, 2011 10:22pm Sep 14, 2011 10:22pm
bedtime for me. happy pips to all no matter which direction you choose.
  • #288,672
  • Sep 14, 2011 10:46pm Sep 14, 2011 10:46pm
Gbp/Usd Buy at 1.5690, 1.5650/55, 1.5600/05, sell at 1.5835/40, 1.5870/75, 1.5925/30

Gbp/Usd This pair is on daily downtrend, low is at 1.5640/50, retracement is at 1.5800, break is to 1.5920/30
  • #288,673
  • Sep 14, 2011 10:56pm Sep 14, 2011 10:56pm
Quoting nAVIN2007
just pray for meh

ps;- does emotional high pressure singing help
Sure,Singing would be help especially you put some emotion on it but dont put emotion on trading

Here my 4H chart,Just simple one
Attached Image (click to enlarge)
Click to Enlarge Name: GU 4H.png Size: 28 KB
If there was easy money lying around,no one would be forcing it into your
  • #288,674
  • Sep 14, 2011 11:00pm Sep 14, 2011 11:00pm
what does your 4H candle ( the shadow ) sing ?

Quoting FXMindset
Sure,Singing would be help especially you put some emotion on it but dont put emotion on trading

Here my 4H chart,Just simple one
not euphoria follower
  • #288,675
  • Sep 14, 2011 11:05pm Sep 14, 2011 11:05pm
Quoting iqyu5an
what does your 4H candle ( shadow ) sing ?
she sing "Listen by beyonce",maybe...

But what am know yo,USD starting strenght
If there was easy money lying around,no one would be forcing it into your
  • #288,676
  • Sep 14, 2011 11:23pm Sep 14, 2011 11:23pm
sometimes there is only 1 pip different for starting and the end hehehheehhe
Quoting FXMindset
she sing "Listen by beyonce",maybe...

But what am know yo,USD starting strenght
not euphoria follower
  • #288,677
  • Sep 14, 2011 11:29pm Sep 14, 2011 11:29pm
1 pip different ....
Quoting iqyu5an
sometimes there is only 1 pip different for starting and the end hehehheehhe
not euphoria follower
  • #288,678
  • Sep 14, 2011 11:30pm Sep 14, 2011 11:30pm
Quoting FXMindset
Sure,Singing would be help especially you put some emotion on it but dont put emotion on trading

Here my 4H chart,Just simple one

nice chart
  • #288,679
  • Sep 14, 2011 11:33pm Sep 14, 2011 11:33pm
Quoting bbakker
Nav... sorry to ask such a pertinent question, but if we are in a range, why did you buy at the top or did you think we were going to break the range north a couple of weeks back?

Anyway, here is something that you might not like, but I know ovaforty will

Attachment

P.S. We practically went to 1.42 when they last crossed (89ema over the 200sma) crossed and they don't cross often. I still think we are overdue a retracement, but I favour a bit lower from here... maybe only a couple of hundred pips. Who knows... let's see...
it was the non farm news it caught me of guard..and because of emotion i got impulsive and entered long thinking it will breakout for sure..

but i been playing longs all year towards 1.65-67 area..didnt see any reason to stop tricked
  • #288,680
  • Sep 14, 2011 11:38pm Sep 14, 2011 11:38pm
Quoting nAVIN2007
it was the non farm news it caught me of guard..and because of emotion i got impulsive and entered long thinking it will breakout for sure..

but i been playing longs all year towards 1.65-67 area..didnt see any reason to stop tricked
The bastards! Let's see if they will bring this baby back up again soon and that we don't have a Frankie Fake this morning because they are taking it up right now. I will keep my final short runner on here for the moment near yesterday's high.
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