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Cable Update (GBPUSD)

  • #293,921
  • Dec 4, 2011 1:08pm Dec 4, 2011 1:08pm
Quoting redsword11
http://www.youtube.com/watch?v=h60r2HPsiuM

  • #293,922
  • Dec 4, 2011 1:10pm Dec 4, 2011 1:10pm
Outstanding Red! What a impact....101%!

Quoting redsword11
http://www.youtube.com/watch?v=h60r2HPsiuM
  • #293,923
  • Dec 4, 2011 1:19pm Dec 4, 2011 1:19pm
for many ........ one can can't help but shake their head and smile a little


ingrained in the language of mathematics, random to some but spirtual to others

nice to start a week with something that stirs us in the right direction
  • #293,924
  • Dec 4, 2011 1:24pm Dec 4, 2011 1:24pm
Quoting redsword11
for many ........ one can can't help but shake their head and smile a little


ingrained in the language of mathematics, random to some but spirtual to others

nice to start a week with something that stirs us in the right direction
yeah u couldnt make it up..
  • #293,925
  • Dec 4, 2011 1:37pm Dec 4, 2011 1:37pm
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daily and 15min tech, can all change on open l suppose, as it stands just now we have a rising bearflag from demand
  • #293,926
  • Dec 4, 2011 1:40pm Dec 4, 2011 1:40pm
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  • #293,927
  • Dec 4, 2011 2:18pm Dec 4, 2011 2:18pm
My veiw...GL!
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  • #293,928
  • Dec 4, 2011 4:12pm Dec 4, 2011 4:12pm
Quoting Chillypiper
My veiw...GL!
I think we have reached mid-term bottom mate, last week at about 5400 price.. basing on swissy and the fiber, i think we might see more upside compared to downside in at least a week. what i mean is, perhaps the main trend for short term (1-2 week's time) is upside.
  • #293,929
  • Dec 4, 2011 4:31pm Dec 4, 2011 4:31pm
Quoting A-speculator
I think we have reached mid-term bottom mate, last week at about 5400 price.. basing on swissy and the fiber, i think we might see more upside compared to downside in at least a week. what i mean is, perhaps the main trend for short term (1-2 week's time) is upside.
Ok..You could be right. I am no investor in fx therefore,I only trade what price tells me toat interday...Good luck to you sir!
  • #293,930
  • Dec 4, 2011 4:37pm Dec 4, 2011 4:37pm
Quoting Chillypiper

Ok..You could be right. I am no investor in fx therefore,I only trade what price tells me toat interday...Good luck to you sir!
yeah, green pips to you too mate..
  • #293,931
  • Dec 4, 2011 5:00pm Dec 4, 2011 5:00pm
Basing on 4h, this is my take:

Atm, we have yet to make any lower high or lower low, which means price has more probability for the upside and current price area is the price where the previous resistance has turned support. Unless this support breaks or price make lower high/low, i think this analysis is valid.

Previous long bear candle i take it due to taking profits before end of market.

This scenario is also the same as fiber where currently the price is testing its resistance turned support in 4h, and the same with swissy where this price has been consolidating for days at about current price which i think distribution is taking place.

Anyway, please trade based on your on own understanding of the market, this is just my personal analysis. Green pips to all.
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  • #293,932
  • Dec 4, 2011 6:37pm Dec 4, 2011 6:37pm
sell at 1.5605,SL 1.5655
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  • #293,933
  • Dec 4, 2011 6:49pm Dec 4, 2011 6:49pm
Quoting abdul_halim
sell at 1.5605,SL 1.5655
you placed your position on support mate, be very careful with that one.. not that i said you can't short, but the price that you took is very low. I'm assuming you are taking a R:R=1, meaning that you're at least targeting a 50 pips of trade, but the low of the dojis are at about 5580 area.. which is just ~25pips from your entry.. do you expect the price will break the support and that is why you placed a position on that support area?
  • #293,934
  • Dec 4, 2011 6:51pm Dec 4, 2011 6:51pm
Asia likely to be tight, will hedge my short drawdown at break of Last weeks high until strong resistance at 61.8 retrace, then short hard on a TL break down from there. No chart, in birthing unit with breach baby being turned. I need to do a priority check I think.
Come with me if you want to live....
  • #293,935
  • Dec 4, 2011 6:56pm Dec 4, 2011 6:56pm
Quoting Ill-b-back
Asia likely to be tight, will hedge my short drawdown at break of Last weeks high until strong resistance at 61.8 retrace, then short hard on a TL break down from there. No chart, in birthing unit with breach baby being turned. I need to do a priority check I think.
If your mrs sees your posting and trading, I think it will be game over.



Hope the Mrs and Baby are fine dude, as I'm sure they will be!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #293,936
  • Dec 4, 2011 7:01pm Dec 4, 2011 7:01pm
Quoting Ill-b-back
Asia likely to be tight, will hedge my short drawdown at break of Last weeks high until strong resistance at 61.8 retrace, then short hard on a TL break down from there. No chart, in birthing unit with breach baby being turned. I need to do a priority check I think.
Not sure if we will have continuation of the downtrend mate. Seems like we are in flat top triangle in weekly.

Only time will tell..
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  • #293,937
  • Dec 4, 2011 7:27pm Dec 4, 2011 7:27pm
Quoting A-speculator
Not sure if we will have continuation of the downtrend mate. Seems like we are in flat top triangle in weekly.

Only time will tell..
'this true, just looking for 70 pips or so. I think would take some awfully good news to break thru all the 200 Emas above though.
Come with me if you want to live....
  • #293,938
  • Dec 4, 2011 7:29pm Dec 4, 2011 7:29pm
Quoting Turveyd
If your mrs sees your posting and trading, I think it will be game over.

Hope the Mrs and Baby are fine dude, as I'm sure they will be!!
the 'danger of addiction
  • #293,939
  • Dec 4, 2011 7:32pm Dec 4, 2011 7:32pm
Quoting Ill-b-back
'this true, just looking for 70 pips or so. I think would take some awfully good news to break thru all the 200 Emas above though.
can you please post your chart so that i can have some understanding of your view. Thanks mate.
  • #293,940
  • Dec 4, 2011 7:34pm Dec 4, 2011 7:34pm
Quoting Turveyd
If your mrs sees your posting and trading, I think it will be game over.



Hope the Mrs and Baby are fine dude, as I'm sure they will be!!
Thx for the wishes, no baby today I don't think, just loading the shoot correctly.
Come with me if you want to live....
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