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Cable Update (GBPUSD)

  • #292,301
  • Nov 10, 2011 8:42pm Nov 10, 2011 8:42pm
Quoting kaspopsicle
Hi Tao, good to see you and the fine tradition of this thread being upheld.
...
Good day to you, Kas

Thank you for the welcome (back) - will be silent and violent. Hope you are doing well!

Regards
  • #292,302
  • Nov 10, 2011 8:53pm Nov 10, 2011 8:53pm
Quoting redsword11
Attachment


tg achieved, locked lower

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  • #292,303
  • Nov 10, 2011 9:08pm Nov 10, 2011 9:08pm
Good day,

Going to wait a while to see what happens. May attempt some long scalps from the right levels...but only for 10's and 20's.
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  • #292,304
  • Nov 10, 2011 9:36pm Nov 10, 2011 9:36pm
sold @ 1.59441
  • #292,305
  • Nov 10, 2011 9:58pm Nov 10, 2011 9:58pm
Quoting redsword11
sold @ 1.59441

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  • #292,306
  • Nov 10, 2011 10:43pm Nov 10, 2011 10:43pm
Quoting Geppy
Exactly! Thanks for posting the chart for me
lol said same thing same time
me 2min late coz was deleting things from chart!

lets see what happens today then! that flag still possible till near 5780-5800 or so.

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  • #292,307
  • Nov 10, 2011 11:13pm Nov 10, 2011 11:13pm
Quoting _BBKing_
lol said same thing same time
me 2min late coz was deleting things from chart!

lets see what happens today then! that flag still possible till near 5780-5800 or so.

Very true... also have the PPI coming out later tonight, but who knows what that will bring. Also, anyone else notice the diamon-esk pattern on the hourly?
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  • #292,308
  • Nov 10, 2011 11:26pm Nov 10, 2011 11:26pm
Going to look for entry here ( 1.5920 - 1.5900 area) with target 1.5952. SL just below...

Regards
  • #292,309
  • Nov 10, 2011 11:27pm Nov 10, 2011 11:27pm
Quoting redsword11
Attachment


Attached Image (click to enlarge)
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locked north and south
  • #292,310
  • Nov 11, 2011 12:34am Nov 11, 2011 12:34am
Quoting redsword11
Attachment


locked north and south
morning (or night)
i notice you using black wall.
is it to avoid noise on candles and focus only on body?
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  • #292,311
  • Nov 11, 2011 12:41am Nov 11, 2011 12:41am
Quoting Geppy
Very true... also have the PPI coming out later tonight, but who knows what that will bring. Also, anyone else notice the diamon-esk pattern on the hourly?
yes.
while on euro a perfect pennant
position shown is a small scalp
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  • #292,312
  • Nov 11, 2011 1:07am Nov 11, 2011 1:07am
Quoting TauTrader
Going to look for entry here ( 1.5920 - 1.5900 area) with target 1.5952. SL just below...

Regards
They are winding this sucker up real tight.....bias remains north
  • #292,313
  • Nov 11, 2011 1:08am Nov 11, 2011 1:08am
Quoting _BBKing_
yes.
while on euro a perfect pennant
position shown is a small scalp
uhm
wrong. cutted -7
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  • #292,314
  • Nov 11, 2011 1:17am Nov 11, 2011 1:17am
Quoting _BBKing_
uhm
wrong. cutted -7
i should remember to reverse position when i get it wrong...
time for a coffee!
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  • #292,315
  • Nov 11, 2011 1:20am Nov 11, 2011 1:20am
Quoting TauTrader
They are winding this sucker up real tight.....bias remains north
I agree. The more I examine the longer time-frames, the more I see this thing pushing higher. I'm gonna catch some sleep, see you all in NY.
check out my blog: forexmademillionaire dot com
  • #292,316
  • Nov 11, 2011 1:40am Nov 11, 2011 1:40am
its also true that move comming from 61.

those two spikes yesterday came on no change of rates etc then down with S&P rumor about france, then up when again S&P retired the rumor.
so can be confusing they are very good in shaking patterns.

we came from 61 with a bad trade balance and boosted by european bad work.

is that move ended?
im not sure!

must be carefull...
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  • #292,317
  • Nov 11, 2011 1:42am Nov 11, 2011 1:42am
Quoting TauTrader
They are winding this sucker up real tight.....bias remains north
In the zone I was looking at - will enter longs here - SL tight....

Going out - see later
  • #292,318
  • Nov 11, 2011 2:02am Nov 11, 2011 2:02am
scal long 5908 sl 5899
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  • #292,319
  • Nov 11, 2011 2:02am Nov 11, 2011 2:02am
Quoting TauTrader
In the zone I was looking at - will enter longs here - SL tight....

Going out - see later
anyway demand area
90% of traders use TA, indicators and prediction
  • #292,320
  • Nov 11, 2011 2:19am Nov 11, 2011 2:19am
Quoting _BBKing_
nice day.
nice waves.

simply talking about patterns, we cant totally exclude that we are into a daily flag.

That is not a flag on the daily. On the H4 it can be seen more clearly as a double top formation, with a failure to reach the previous highs 0f 1.6150. 1.5900 is the level to watch.
Gone to a better place
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