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Cable Update (GBPUSD)

  • #288,981
  • Sep 18, 2011 2:00am Sep 18, 2011 2:00am
Why So Serious ?
Quoting FXMindset
At My Chart & In My Eyes Not Yet
not euphoria follower
  • #288,982
  • Sep 18, 2011 2:42am Sep 18, 2011 2:42am
Quoting iqyu5an
Why So Serious ?
Ah ~ 沉闷
Wish You Have a Wonderful Idul Fitri yo
Attached Image (click to enlarge)
Click to Enlarge Name: GU Daily.png Size: 44 KB
If there was easy money lying around,no one would be forcing it into your
  • #288,983
  • Sep 18, 2011 2:44am Sep 18, 2011 2:44am
ah ....


Quoting FXMindset
Ah ~ 沉闷
Wish You Have a Wonderful Idul Fitri yo
not euphoria follower
  • #288,984
  • Sep 18, 2011 5:35pm Sep 18, 2011 5:35pm
Gbp/Usd Buy at 1.5615/20 then 1.5690/95 then 1.5640/45, sell at 1.5855/60 then 1.5885/90 then 1.5930/35

Gbp/Usd This pair is on daily downtrend, retracement at 1.5775/80, break is to 1.5845/50, above would change trend direction toward the above sell signals, while on the downside to target the above buy signals
  • #288,985
  • Sep 18, 2011 7:34pm Sep 18, 2011 7:34pm
Quoting wormboy
This downmove came as a no surprise at all. There was never going to be a 600-800 pips jump back up without any confirmation, the HTF last week printed a black marubozu, which indicates sellers are in full control & that continuation is always a likelihood. Our job, was to pick the best possible trade level to short from.
Nearest support now lies at 5640. And like you said, apart from scalping, buying is very risky & only a weekly reversal pattern will make me change my bearish view.
Good luck to you.
As suggested last week, the larger trend is still bearish due to the weekly candle. Nothing has changed & unless scalping, I'd stay away from trying to build counter long positions.

Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: guw2.GIF Size: 13 KB
Attached Image
Thank You
  • #288,986
  • Sep 18, 2011 7:57pm Sep 18, 2011 7:57pm
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 56 monthly 09-18-11.gif Size: 19 KB
Click to Enlarge Name: 57 weekly 09-18-11.gif Size: 27 KB
Click to Enlarge Name: 58 daily 09-18-11.gif Size: 27 KB
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #288,987
  • Sep 18, 2011 8:22pm Sep 18, 2011 8:22pm
Wormboy is correct. If you see a quick move up, it will most likely be stop hunting, and will get hammered at some point.
  • #288,988
  • Sep 18, 2011 8:31pm Sep 18, 2011 8:31pm
jpy holiday. Stocks are under pressure in early Asian markets so far.

Risk is off for now.
  • #288,989
  • Sep 18, 2011 8:58pm Sep 18, 2011 8:58pm
taking a little quick profit here on the aud/usd risk aversion strategy.
Attached Image (click to enlarge)
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  • #288,990
  • Sep 19, 2011 1:10am Sep 19, 2011 1:10am
Not really too much in cable today. Eur/gbp seems to be providing some support. Will try intraday trade of buying a dip during London and look to close at 12GMT and try short from there. Expecting a small range for rest of the day with 1.5740-60 area providing resistence and 1.57 acting as a pivot. S/l will be small and not too keen on chasing market lower form here.
  • #288,991
  • Sep 19, 2011 1:19am Sep 19, 2011 1:19am
GU Daily - Still look If this pattern Valid or not
Attached Image (click to enlarge)
Click to Enlarge Name: GU Daily.png Size: 41 KB
If there was easy money lying around,no one would be forcing it into your
  • #288,992
  • Sep 19, 2011 1:44am Sep 19, 2011 1:44am
anon occupies wall street - watch out - can hit hard today
  • #288,993
  • Edited 2:14am Sep 19, 2011 1:59am | Edited 2:14am
seen few hours ago at m15 tf
SL at bep already.....
Attached Image (click to enlarge)
Click to Enlarge Name: m15.gif Size: 18 KB
not euphoria follower
  • #288,994
  • Sep 19, 2011 2:28am Sep 19, 2011 2:28am
out at 50 pips
reason : even looks bullish..the candle's already located out of the given period to hit long target ( magenta box ) and now in blue box. it's quite possible to hit the target within next given area ( blue box ) but with weaker momentum ( she could retrace a bit .. spike..sideways etc in this blue period ). Once we hit the long target, sometimes "something happened"

well that's the reason i'm out. 50 pip is enough. the given period control me to hold certain position

All is about relativity...

Cheers
Quoting iqyu5an
seen few hours ago at m15 tf
SL at bep already.....
Attached Image (click to enlarge)
Click to Enlarge Name: m15.gif Size: 15 KB
not euphoria follower
  • #288,995
  • Edited 5:53am Sep 19, 2011 3:05am | Edited 5:53am
seen new high and was trying to see whether she breach the 85 - fibo or not. if yes, i adjust fibo from prev low to our new high. seen like below...

position ? still have to see around 40-50-60 level within given period first ( magenta ). yes we have new given period to control our emotion / position etc ......

rgds

***
now ... (temporary) m15 already tell us the reaction around 60 fibo...
if price close above 5730 ++, we will have little bit confirmation in h4*for bull ( for rejection- prev weekly low )
* : h4 will be different between one to another , depends on enemy / broker time.

Quoting iqyu5an
out at 50 pips
reason : even looks bullish..the candle's already located out of the given period to hit long target ( magenta box ) and now in blue box. it's quite possible to hit the target within next given area ( blue box ) but with weaker momentum ( she could retrace a bit .. spike..sideways etc in this blue period ). Once we hit the long target, sometimes "something happened"

well that's the reason i'm out. 50 pip is enough. the given period control me to hold certain position

All is about relativity...

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: m15.gif Size: 17 KB
not euphoria follower
  • #288,996
  • Sep 19, 2011 4:45am Sep 19, 2011 4:45am
hi there
could someone give me some advice please. i am currently 566 points down on cable at 3/1 pound per point £2000 and i am thinking on buying £1 per point now?? should i hang on? when will it come bvack up to 6300
  • #288,997
  • Sep 19, 2011 4:51am Sep 19, 2011 4:51am
If you really need to zero down your DD. In my 2cents opinion, 1.5560 would be good trail to buy up.

It seems not happen today as of Monday, but tomorrow in London section, we would see it.

Good luck mate
  • #288,998
  • Sep 19, 2011 4:53am Sep 19, 2011 4:53am
1) all depends on your MM
2 ) when ? no body knows exactly

rgds,iqyu

Quoting wiz001
hi there
could someone give me some advice please. i am currently 566 points down on cable at 3/1 pound per point £2000 and i am thinking on buying £1 per point now?? should i hang on? when will it come bvack up to 6300
not euphoria follower
  • #288,999
  • Edited 5:07am Sep 19, 2011 4:56am | Edited 5:07am
Quoting wiz001
hi there
could someone give me some advice please. i am currently 566 points down on cable at 3/1 pound per point £2000 and i am thinking on buying £1 per point now?? should i hang on? when will it come bvack up to 6300

dont add more to an already bad situation..just let it play out..it may bounce from here looking at the weekly..im in exactly the same situation but im not going to add more to this very bad situation..

data coming out later in this week can do a lot i think..lol

stay calm..this is a good support

edit:- it will take a long time..first action is monthly closing above 1.57
  • #289,000
  • Sep 19, 2011 6:08am Sep 19, 2011 6:08am
4H
Quoting iqyu5an
seen new high and was trying to see whether she breach the 85 - fibo or not. if yes, i adjust fibo from prev low to our new high. seen like below...

position ? still have to see around 40-50-60 level within given period first ( magenta ). yes we have new given period to control our emotion / position etc ......

rgds

***
now ... (temporary) m15 already tell us the reaction around 60 fibo...
if price close above 5730 ++, we will have little bit confirmation in h4*for bull ( for rejection- prev weekly low )
* : h4 will be different between...
Attached Image (click to enlarge)
Click to Enlarge Name: 4h.gif Size: 15 KB
not euphoria follower
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