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Cable Update (GBPUSD)

  • #291,861
  • Nov 4, 2011 1:32am Nov 4, 2011 1:32am
Quoting smikester
Not averse to a bit of that yourself I seem to remember? Welcome back to the threads Condor. Looking forward to reading more of your posts.
Hi Smikester,

I’m not sure about being back to the threads; have found a little time to take a read here and there, and put a few thoughts of my own down along the way. After the halting of Stocky’s thread I drifted away, and as you know with my work, I was able to keep myself otherwise engaged with foreign cultures.

Fine dining: one must have a reasonable diet, but at a reasonable price. My meal may cost 15 Euro per head when produced at home, whereas the freeloaders in Cannes are probably paying 1500 Euro per head – erm, with our money, not theirs.

Cable: As I write it is stuck between the DP and WP, flatlining beautifully.

Other than that, I trust that all is well with you, and perhaps will ‘electronically’ bump into you on Monday during the big show that bbmac is putting on for us.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #291,862
  • Nov 4, 2011 1:56am Nov 4, 2011 1:56am
good morning
do we go to 61 then 59 then 62 or do we go to 59 then 62?

better i drink my coffee
Attached Image
90% of traders use TA, indicators and prediction
  • #291,863
  • Nov 4, 2011 2:26am Nov 4, 2011 2:26am
Good morning

@6050 strong resistance
Trader from Croatia
  • #291,864
  • Edited 2:36am Nov 4, 2011 2:26am | Edited 2:36am
Remain the same , posing still great bull but unable to believe any . so actually waiting it fall enough .same as eu though in assumption but wave base NO in gu alone . so waiting to see actually what.

Other signal , probable risk aversion .
http://www.forexfactory.com/showthre...05#post5101705
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #291,865
  • Nov 4, 2011 2:40am Nov 4, 2011 2:40am
i see something in usdx. when i use mirror... i see something also in GU

oh this is friday and nfp
not euphoria follower
  • #291,866
  • Nov 4, 2011 2:45am Nov 4, 2011 2:45am
is the HS in h4 still possible?
90% of traders use TA, indicators and prediction
  • #291,867
  • Nov 4, 2011 2:52am Nov 4, 2011 2:52am
she ask us to prove it bro
Quoting _BBKing_
is the HS in h4 still possible?
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not euphoria follower
  • #291,868
  • Nov 4, 2011 2:54am Nov 4, 2011 2:54am
30+ pips up so far, entered at 1.6034 almost 12 hours ago, sl at break even, tp @ 1.5965, 12hr charts showing resistance from 1.612xx, could even go as low as 1.5700 early next week or if it breaks through, as high as 1.6400.
  • #291,869
  • Edited 3:14am Nov 4, 2011 2:57am | Edited 3:14am
Quoting _BBKing_
is the HS in h4 still possible?
Good point , yes , just need the shakeout before , 285 pips below 5873 with sure confirmation at breaks 5849 & also if hold. will wait for any shakeout before .nfp may provide .so go as much as possible up before such action if to minimise the fall , 6047 or up will look for any short .

so time to see usdx chart if actually above the weekly resistance , not yet but on good support /above mid of daily , H1 rangeswith daily tf doubt remain intact like eu at the same time .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #291,870
  • Nov 4, 2011 3:10am Nov 4, 2011 3:10am
http://www.fxtsp.com/images/stories/...x-bullflag.gif

4 H
Trader from Croatia
  • #291,871
  • Nov 4, 2011 3:16am Nov 4, 2011 3:16am
Quoting Geene
http://www.fxtsp.com/images/stories/...x-bullflag.gif

4 H
You can say a downtrend channel is a flag if and only if you got a breakout to the upside like the one you posted. Until that happen, it is a downtrend channel. I'm bearish for cable and fiber and bullish for swissy. That my 2 cents mate.
  • #291,872
  • Nov 4, 2011 3:21am Nov 4, 2011 3:21am
Quoting A-speculator
You can say a downtrend channel is a flag if and only if you got a breakout to the upside like the one you posted. Until that happen, it is a downtrend channel. I'm bearish for cable and fiber and bullish for swissy. That my 2 cents mate.
You're pretty confident, good luck mate. Try to long 1.6005 lets se what happen in next few hour. SL 20
  • #291,873
  • Nov 4, 2011 3:21am Nov 4, 2011 3:21am
Quoting iqyu5an
she ask us to prove it bro
lolz

what i mean is that actually h4 still no candle closing above what i suppose it is left shoulder!
but as we know h4 has different timing depending on brokers.

so,
that kind of bull flag (see geene's post) actually is main thing to look at imo.
price now supported by my red cyrcle so when i will delete it price will crash joking

@fontu: yes for that HS better wait a clear candle below 5850, but also good not to forget that is still possible

imo today we go crazy up and down
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90% of traders use TA, indicators and prediction
  • #291,874
  • Nov 4, 2011 3:24am Nov 4, 2011 3:24am
Quoting A-speculator
You can say a downtrend channel is a flag if and only if you got a breakout to the upside like the one you posted. Until that happen, it is a downtrend channel. I'm bearish for cable and fiber and bullish for swissy. That my 2 cents mate.
@5750 is breakout
Trader from Croatia
  • #291,875
  • Nov 4, 2011 3:27am Nov 4, 2011 3:27am
G/M

6061 yesterday's hi-a previous 1hr minir swing lo that turned to resistance - now a previous 1hr swing hi also as price has dcropped from there.

Yesterday's daily candle certainly bullish....1hr a bit messy now although 4hr/daily remains bullish - daily in particular.

Some Eu and U.s data later and of course the ongoing Greek and Eu / G20 thing.

G/L
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ex member
  • #291,876
  • Nov 4, 2011 3:29am Nov 4, 2011 3:29am
ignore the yellow bands, the chart below shows the ascending 4hr/daily channel plotted on this daily chart.

G/L
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ex member
  • #291,877
  • Nov 4, 2011 3:36am Nov 4, 2011 3:36am
Quoting bangcool
You're pretty confident, good luck mate. Try to long 1.6005 lets se what happen in next few hour. SL 20
quite a number of dojis in 4h mate. Normally, if there's indecision like that, it won't go up..

There's also numbers of testing 1.6, with no higher high/closed above the high for the previous candle in 4h (this time i think we might see the breakout to the downside). Anyway, I think you know what you're doing right? our trading style obviously different. Good luck mate.
  • #291,878
  • Nov 4, 2011 3:38am Nov 4, 2011 3:38am
to all,

there is always bull and bear ... so no matter at all what position we have

trend is in our mind ....
not euphoria follower
  • #291,879
  • Edited 3:41am Nov 4, 2011 3:39am | Edited 3:41am
Quoting A-speculator
quite a number of dojis in 4h mate. Normally, if there's indecision like that, it won't go up..

There's also numbers of testing 1.6, with no higher high/closed above the high for the previous candle in 4h (this time i think we might see the breakout to the downside). Anyway, I think you know what you're doing right? our trading style obviously different. Good luck mate.
Maybe we're different
Or maybe not, just want to say something different and make forum become live like usual. Hate this slow market
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  • #291,880
  • Nov 4, 2011 3:50am Nov 4, 2011 3:50am
Quoting bangcool
Maybe we're different
Or maybe not, just want to say something different and make forum become live like usual. Hate this slow market
Why are you selling at that price? oh my..

i think you might need to learn support and resistance..

Impulse trading is not good my friend, learn to use PO, mate..
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