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Cable Update (GBPUSD)

  • #293,561
  • Nov 30, 2011 5:31am Nov 30, 2011 5:31am
Quoting normfx
Looks good, they should hit it..don't push your luck if the momentum starts to fade..keep a close stop. GL

Actually, my first target was hit..not a big deal..just sayin
Yeah I closed my trade a bit ago for 69+ pips as I've gotta go out soon and don't like leaving a trade on when I'm not watching it - even if I've got a SL and am im profit, but thats just me , 5690 was my initial profit target, it more than likely will hit it or bounce back down from the 1.5650 area.

GL to you
  • #293,562
  • Nov 30, 2011 5:31am Nov 30, 2011 5:31am
My 4 hr trendline slightly different to your BB. Had a retest of it around middle bollie. My targets are the 100 ema at around 1.5690. and since it is Wednesday today ( I know I checked). I will look for a reversal around London closing.
Attached Image (click to enlarge)
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  • #293,563
  • Nov 30, 2011 5:31am Nov 30, 2011 5:31am
Quoting normfx
Well folks, like I said..Cable is rather bullish lol edit..I am surprised euro didn't fill the gap completely..yea yea, I know, they don't have too.
This was just PBOC blowing wind into the sails of the risk on boat. Nothing cable specific.
  • #293,564
  • Nov 30, 2011 5:32am Nov 30, 2011 5:32am
Final look from me of the current near-term 1hr screenshot....@/above yesterday's hi is as below re potential res/sbr factors:

5640-45-56 prev 1hr/minor 4hr sw hi zone incl 5651/55 = 85.4% 5691-5422 and 50% 5888-5422
5658-68 prev 1hr sw hi zone

[ 5672-91 prev 4hr/1hr sw hi zone incl 5675 = Wkly R1 @/around and 5677 = 38.2% 6092-5422 and 5689 = Daily R1 @/around
[ 5685-5715 prev Dly/4hr sw lo zone x 2 incl 5692 = 38.2% 6128-5422 and 5704/10 38.2% 6165-5422/61.8% 5888-5422

5735-40 prev 1hr sw lo x 2 zone
5754-66 prev 4hr/1hr sw lo/hi zone incl 5756 = 50% 6092-5422 incl 5766=Daily R2 @/around
5776/78 50% 6128-5422/76.4% 5888-5422
5792 50% 6165-5422
5802-06 prev 1hr sw hi zone
5820 85.4% 5888-5422
5833/36 Mthly Pivot/61.8% 6092-5422
5859 61.8% 6128-5422
5862-75-88 prev Dly/4hr/1hr sw hi zone incl 5876 = Daily R3 @/around and 5880 = 61.8% 6165-4422
5912-31 prev 4hr sw hi zone incl 5919 Wkly R2 @/around and 5932 = 76.4% 6092-5422
5963 76.4% 6128-5422
5988/94 76.4% 6165-5422 / 85.4% 6092-5422
6026 85.4% 6128-5422
6045 Wkly R3 @/around
6055 86.4% 6165-5422
6076-92 prev dly/4hr sw hi zone
6096-6117-6128 prev dly/4hr sw hi zone
6130-39-65 prev wkly/dly/4hr sw hi zone

Will be altering all the Monthly Pivots tomorrow of course.

Close of this current 4hr candle could confirm the 3rd HL on that 4hr t/f up off 5422 bottom.

U.s data later.

G/L
Attached Image
ex member
  • #293,565
  • Edited 6:38am Nov 30, 2011 5:37am | Edited 6:38am
Quoting normfx
Sorry, I don't read your PM's ..you proved your bias for all to see..your pm is deleted.
What bias did you see ? As a compliment to your perspicacity,

YOU ARE MY MY IGNORE LIST NOW.

Originally Posted by normfx http://www.forexfactory.com/images/buttons/viewpost.gif
Sorry, I don't read your PM's ..you proved your bias for all to see..your pm is deleted.
  • #293,566
  • Nov 30, 2011 5:40am Nov 30, 2011 5:40am
Quoting normfx
BB, I take it English isn't your first language..no insult intended, but I didn't understand what you wrote...btw - I don't have the holy grail (thats 100% perfect trades)..mine are only 98% but thats not a big deal using a 300 pip stop..oh..I don't think you're stupid, I just trade different from you..if you can control your personality I'll gladly show you my method if you're interested..but I'm sure you're not because of all the money you make trading
there is too much chat about a thing that doesn't matter with market imo. (gaps and brokers and banks etc....)

about my trading im more interested in quick trades with m5 to h1 chart, rather than hold a position for days n days so i find this thread bit confusing sometimes.
i mean: there is good opportunity for short and long any time of the day. asia + london morning overall was bearish.
i dont know since how much time you holding that long for 5690 and either dont know your entry, sl, reasons etc.... you could see that target soon and hope for you. meanwhile i shorted 5580 to 5540 today and long 5550 to 5580. 70 pips in 100 adr its enough for me

in weekly chart 5650 is strong level... i have no reasons to take a long position to target 5690 actually but could be missing something.
a daily closing above 5600 would be a good begin for more up
90% of traders use TA, indicators and prediction
  • #293,567
  • Nov 30, 2011 5:44am Nov 30, 2011 5:44am
Quoting TauTrader
Good day to you,

This rally is peaking my interest.....looking to place a short. SL to be managed as we go. Might be a bit early though...

Regards
I'm looking around 15650 ...but these pboc spikes ( if thats what is happenibg) are a b@@ger.
All systems of divination, like music itself,work through patterns.
  • #293,568
  • Nov 30, 2011 5:45am Nov 30, 2011 5:45am
DAILY TF...CABLE
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  • #293,569
  • Nov 30, 2011 5:53am Nov 30, 2011 5:53am
Today : Nov 30,2011
Tomorrow : Dec 1, 2011
not euphoria follower
  • #293,570
  • Nov 30, 2011 5:59am Nov 30, 2011 5:59am
Listen up everyone..this 100 pip spike in cable is indicating to me that the bank controlling the price is running out of the time cycle and must move price higher to my target..actually, its their target..edit, there's approx. 80 pips to go.
entry - 1.29250 s/l 200 pips
  • #293,571
  • Nov 30, 2011 5:59am Nov 30, 2011 5:59am
top 1/2 of prev 1hr swing hi zone with 85.4% 5656-5525 sees some supply...bearish div plays on 1 and 3min there..1min as below.

May seem like more but price still only at 80% of 20day atr so far today.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: 1142 1min rev d seq.jpg Size: 110 KB
ex member
  • #293,572
  • Nov 30, 2011 5:59am Nov 30, 2011 5:59am
norm, check ur pm
  • #293,573
  • Nov 30, 2011 6:02am Nov 30, 2011 6:02am
oh...really ?
Must !!! ???
Quoting normfx
Listen up everyone..this 100 pip spike in cable is indicating to me that the bank controlling the price is running out of the time cycle and must move price higher to my target..actually, its their target
not euphoria follower
  • #293,574
  • Nov 30, 2011 6:03am Nov 30, 2011 6:03am
seems it couldn't break the Resistance area...
I'm gonna sell it till above the pivot line , anyone agree?
  • #293,575
  • Nov 30, 2011 6:04am Nov 30, 2011 6:04am
Quoting iqyu5an
oh...really ?
Must !!! ???
Yup, must lol
entry - 1.29250 s/l 200 pips
  • #293,576
  • Nov 30, 2011 6:05am Nov 30, 2011 6:05am
Quoting iqyu5an
oh...really ?
Must !!! ???
Do u think he is gila aneh pak Iqyu
If there was easy money lying around,no one would be forcing it into your
  • #293,577
  • Nov 30, 2011 6:09am Nov 30, 2011 6:09am
why must ?
Quoting normfx
Yup, must lol
not euphoria follower
  • #293,578
  • Nov 30, 2011 6:11am Nov 30, 2011 6:11am
Quoting TauTrader
Good day to you,

This rally is peaking my interest.....looking to place a short. SL to be managed as we go. Might be a bit early though...

Regards
Closing the weaker entries now. Leaving 1 short to see...

Off to gym - all success to you

Regards
Attached Image (click to enlarge)
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  • #293,579
  • Nov 30, 2011 6:12am Nov 30, 2011 6:12am


***
congkak ......
Quoting FXMindset
Do u think he is gila aneh pak Iqyu
not euphoria follower
  • #293,580
  • Nov 30, 2011 6:14am Nov 30, 2011 6:14am
Quoting FXMindset
Do u think he is gila aneh pak Iqyu
APA APA AJA GAN..HEHE
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