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Cable Update (GBPUSD)

  • #291,381
  • Oct 27, 2011 8:52am Oct 27, 2011 8:52am
Quoting AllyB
yes you did ... should have done that sooner huh

were about 30 pips from my TP ... let's see
nah it just about time .. Greek things.
such as pent-up energy which then erupt all.

now all in line but I'm still waiting for BOJ to move
  • #291,382
  • Oct 27, 2011 9:09am Oct 27, 2011 9:09am
Quoting AllyB
It worked!!! LOL
i'll look after your 200 ema anytime...safe as knicker elastic...errrm...
All systems of divination, like music itself,work through patterns.
  • #291,383
  • Edited 9:59am Oct 27, 2011 9:17am | Edited 9:59am
Quoting Fudomyo
nice one.
Cheers Fudo...

Update on H4
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All systems of divination, like music itself,work through patterns.
  • #291,384
  • Oct 27, 2011 10:12am Oct 27, 2011 10:12am
Quoting Fudomyo


http://www.forexfactory.com/showthre...34#post5060934
hello.
you got it!
i reloaded short limits near 6100.
lets see if goes and if rejects
90% of traders use TA, indicators and prediction
  • #291,385
  • Oct 27, 2011 10:22am Oct 27, 2011 10:22am
Quoting DubaiFX
Well looking at charts it tells me that,
it is going to go down not up,
up move might be limited. 10 16050
targets, 1st 1.5920 second 1.5860..
lets see what happens..
bro isn't it better to see a reaction near 6100 from here?
90% of traders use TA, indicators and prediction
  • #291,386
  • Oct 27, 2011 10:23am Oct 27, 2011 10:23am
sorry a question guys...
am i the only one still buying the UJ?

actually reloaded long 75.75 stop 75.62
90% of traders use TA, indicators and prediction
  • #291,387
  • Oct 27, 2011 10:35am Oct 27, 2011 10:35am
Quoting _BBKing_
sorry a question guys...
am i the only one still buying the UJ?

actually reloaded long 75.75 stop 75.62
anch'io
  • #291,388
  • Oct 27, 2011 10:36am Oct 27, 2011 10:36am
Quoting gsantri
anch'io
oh! at least im not alone
90% of traders use TA, indicators and prediction
  • #291,389
  • Oct 27, 2011 10:40am Oct 27, 2011 10:40am
stop loss is near 1% of account
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90% of traders use TA, indicators and prediction
  • #291,390
  • Oct 27, 2011 10:43am Oct 27, 2011 10:43am
Quoting _BBKing_
hello.
you got it!
i reloaded short limits near 6100.
lets see if goes and if rejects
cheers mate.

Here's something to consider. The Monthly LTL UTL cross, and MR1 sitting under it at 6114.
Attached Image (click to enlarge)
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  • #291,391
  • Oct 27, 2011 10:52am Oct 27, 2011 10:52am
Quoting Fudomyo
cheers mate.

here's something to consider.
uhm looks like a gann grid. isn't it?

i have sma200 in daily near 6130
also whole area 6080-6120 is 61.8% fibo from 66 to 52.

if you are right on that 6180(near) at least a rejection here should happen
90% of traders use TA, indicators and prediction
  • #291,392
  • Oct 27, 2011 11:02am Oct 27, 2011 11:02am
Quoting _BBKing_
uhm looks like a gann grid. isn't it?

i have sma200 in daily near 6130
also whole area 6080-6120 is 61.8% fibo from 66 to 52.

if you are right on that 6180(near) at least a rejection here should happen
Those are just transversing channels with a center axis line.

It's a significant area for 61.8 fib, Weekly resistance, MR1 pivot, 2/8 MM. Lot's of confluence. This is the breakout area for 6600, so if we drop it should be off this zone, if we don't then I'll keep my bull horns on a bit longer.
  • #291,393
  • Oct 27, 2011 11:05am Oct 27, 2011 11:05am
Quoting Fudomyo
Those are just transversing channels with a center axis line. but I do use MM lines on a couple of my charts for reference.

It's a significant area for 61.8 fib, weekly resistance, MR1 pivot, 2/8 MM. Lots' of confluence. This is the breakout area for 6600, so if we drop it should be off this zone. if we don't then I keep my bull horns on a bit longer.
yes i agree
lets see now what happens.
6109 while wiriting
90% of traders use TA, indicators and prediction
  • #291,394
  • Oct 27, 2011 11:07am Oct 27, 2011 11:07am
got it. cleared half at 6115.

lol... nice
  • #291,395
  • Oct 27, 2011 11:10am Oct 27, 2011 11:10am
Quoting Fudomyo
got it. took partial at 6115.
me went manually 6097.
lolz
ok i need to leave around 1 hour.

good luck you all
90% of traders use TA, indicators and prediction
  • #291,396
  • Oct 27, 2011 11:10am Oct 27, 2011 11:10am
Quoting AllyB
TP 6060 ... good trade ... would still like to see it touch 6102 though
Thank you very much
  • #291,397
  • Oct 27, 2011 11:15am Oct 27, 2011 11:15am
Usdx approaching 7500. i'm expecting a big battle ...so my position is now flat. May scalp cable south after a little snooze. Thanks for your help today guys...it's been good.
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All systems of divination, like music itself,work through patterns.
  • #291,398
  • Oct 27, 2011 11:30am Oct 27, 2011 11:30am
...just popped back to desk to update charts etc..

Upside move past weds's hi and a new weekly hi...price at Monthly R1/Daily R2 and in that previous [non immed] daily swing lo zone (previous support) flirting around 61.8% of the 6617-5270 move.

Immediately above here:

6163-6206 prev 4hr sw hi zone incl 6173 = 76.4% 6454-5270, 6181=61.8% 6746-5270, 6188 = Daily R3 @/around and 6194 = Wkly R2 @/around
6229-6253 previous minor 4hr swing hi zone
6240-77 prev daily swing lo zone (non-immed)
6300 76.4% 6617-5270
6321-33 previous minor 4hr swing hi zone
6397 76.4% 6746-5270
6414 Wkly R3 @/around
6423-53 previous 4hr/daily previous swing lo/hi zone

Price now @ 107% of the 20day atr, 72% 20week atr and 127% of the 20month atr.

Underside of the 2nd of the previous weekly ascending trend lines shown on pic below would come thru around 6135-45 on today's daily candle.

G/L
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ex member
  • #291,399
  • Oct 27, 2011 11:50am Oct 27, 2011 11:50am
Quoting smikester
I'm still bearish cable but I just put in this post because I have not done my analysis on cable, but I have done some on the Swissie. On the daily and the H4 there is a head and shoulders formation topping out the recent retracement on the weekly chart. This is currently playing out technically perfect. Fundamentally, there is always the danger the SNB will interfere but given the recent Euro strength that may be some time away.

Anyway, this is relevant because it shows dollar weakness. The equity markets are looking a bit stronger and so they...
Smikester is pleased to say this is coming true in spite of this unfortunate post:
Quoting smikester
Attachment
I didn't take it and hope no one else did.


Question is: Tomorrow being friday and all the above considered plus weekly down trend - are we going short here to, say, 1.43?
Gone to a better place
  • #291,400
  • Edited 12:52pm Oct 27, 2011 11:54am | Edited 12:52pm
Quoting kaspopsicle
May scalp cable south after a little snooze.
sleeping on the job again, huh?

actually, I hit my target, so I'm going to be sensible and close here too. was hoping for EU 61.8% at 4253 to pull us along to the TL cross, but this is good enough.

Quoting smikester
Question is: Tomorrow being friday and all the above considered plus weekly down trend - are we going short here to, say, 1.43?
hi Smikester. considering the current state of affairs, they're pulling the throttle back as hard as they can.

if we don't clear this area, then you may be right about a downward correction (43 is a bit of a stretch atm, my downside Monthly LTL cross is 1500 area, with firm support above it at 5600 on the Monthly Doji line).

We have a higher probability of seeing 6450 before we see 4300 imho.
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