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Cable Update (GBPUSD)

  • #293,961
  • Dec 4, 2011 11:13pm Dec 4, 2011 11:13pm
Last week was a very average week. Market is getting slow and i am going to try and stop my trading soon in this week for the year. I made 50 pips last week it is something but not allot. My entry for today is sell limit at 1.56113 and sl at 1.56613 and tp at 1.55113

Regards
  • #293,962
  • Dec 4, 2011 11:13pm Dec 4, 2011 11:13pm
Quoting A-speculator
yeah, maybe i got mixed up with the TF..

green pips mate.. don't come back before you build your muscle to be the next arnold..
This would mean I will never come back!

All success to you too

Regards
  • #293,963
  • Dec 4, 2011 11:18pm Dec 4, 2011 11:18pm
Quoting TauTrader
This would mean I will never come back!

All success to you too

Regards
lol.

it's not that hard mate, just take steroids, decadurobolin or sustanon, you will be like arnold in no time mate..
  • #293,964
  • Dec 5, 2011 12:10am Dec 5, 2011 12:10am
Quoting TauTrader
Good day to you,

Holding short higher up and will be looking to add short if allowed. Will consider adding @ 1.5634/36 level ( the Thursday low). For me, my 4hr still asking me to sell rallies at this moment. Will see if I can get to 1.5570/60 to close?

Regards
Good day to you,

New 4hr bar for me. Status remains unchanged for now - albeit slightly weaker conviction - unless we get some momentum going. Still holding short.

Regards
  • #293,965
  • Dec 5, 2011 12:12am Dec 5, 2011 12:12am
Quoting TauTrader
This would mean I will never come back!

All success to you too

Regards
Send me a PM Tau, I have connections
Come with me if you want to live....
  • #293,966
  • Dec 5, 2011 12:25am Dec 5, 2011 12:25am
we should have a nice ride up to 1.5780
  • #293,967
  • Dec 5, 2011 12:25am Dec 5, 2011 12:25am
Quoting Ill-b-back
Send me a PM Tau, I have connections
Heh - I see you're familiar with uncle Arnie. Ask uncle Arnie if he knows uncle Frankie - then let him know that trying to be funny so early in the week is not on.

I take exception..

All the best
  • #293,968
  • Dec 5, 2011 12:27am Dec 5, 2011 12:27am
What i WANT cable at 1.8

My standing monthly call is 1.71

Respecting the tl now is the reversal going to be complete?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #293,969
  • Dec 5, 2011 12:31am Dec 5, 2011 12:31am
Lets check it
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #293,970
  • Dec 5, 2011 12:31am Dec 5, 2011 12:31am
Quoting XTrade
What i WANT cable at 1.8

My standing monthly call is 1.71

Respecting the tl now is the reversal going to be complete?
we're at 1.56 area mate, maybe we will get there if we see breakout at ~1.65 - 1.68 area.. but that's still too far away and we are not even in the 1.6 area yet, why talk more than 1.6 then?
  • #293,971
  • Dec 5, 2011 12:34am Dec 5, 2011 12:34am
Looks lik3 the Trend line rising has been respected as of now.

What will London do???????
Attached Image (click to enlarge)
Click to Enlarge Name: cBLE NOW.GIF Size: 79 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #293,972
  • Dec 5, 2011 12:35am Dec 5, 2011 12:35am
Quoting PoundTrader
we should have a nice ride up to 1.5780
i think ~5850 is possible in few days time (towards the 61% fibo) if we see breakout at the 50% fibo at about your mentioned price area.

my assumption towards that price is due to the PA will maintain its channel in which we will see higher high and higher lows.

Green pips mate..
  • #293,973
  • Dec 5, 2011 12:46am Dec 5, 2011 12:46am
I suspect bears are watching the 200ema, bulls are watching the 200sma and smart traders are watching both.
Come with me if you want to live....
  • #293,974
  • Dec 5, 2011 12:54am Dec 5, 2011 12:54am
Quoting Ill-b-back
I suspect bears are watching the 200ema, bulls are watching the 200sma and smart traders are watching both.
i think we are still in the consolidation area in 4h, once we see breakout of ~5625, then the game is on for the bull or if we see breakout of 5575, then the game is on for the bears..

Since price consolidate at the lows, i think there is more chances for the bulls than the bears.. meaning probability for the bull atm > the bears.
  • #293,975
  • Dec 5, 2011 1:11am Dec 5, 2011 1:11am
Quoting A-speculator
i think we are still in the consolidation area in 4h, once we see breakout of ~5625, then the game is on for the bull or if we see breakout of 5575, then the game is on for the bears..

Since price consolidate at the lows, i think there is more chances for the bulls than the bears.. meaning probability for the bull atm > the bears.
I agree except those consecutive lower highs could be hard to break.
Come with me if you want to live....
  • #293,976
  • Dec 5, 2011 1:14am Dec 5, 2011 1:14am
Quoting Ill-b-back
I agree except those consecutive lower highs could be hard to break.
i don't see lower high in 4h mate, mind showing me your chart?

thanks.
  • #293,977
  • Dec 5, 2011 1:20am Dec 5, 2011 1:20am
Quoting A-speculator
i don't see lower high in 4h mate, mind showing me your chart?

thanks.
Sorry cant on phone, away from desk, I maybe getting mixed up with the Aussie but from what I remember it has made a double top. Will check my charts 2 pages or so back.
Come with me if you want to live....
  • #293,978
  • Dec 5, 2011 1:23am Dec 5, 2011 1:23am
Quoting A-speculator
i don't see lower high in 4h mate, mind showing me your chart?

thanks.
Check my 4 hr trendline chart on page 19595, you will see consecutive 4hr lower highs.
Come with me if you want to live....
  • #293,979
  • Dec 5, 2011 1:26am Dec 5, 2011 1:26am
Very sorry, they are not consecutive but 3 lower distinct peaks non the less.
Come with me if you want to live....
  • #293,980
  • Dec 5, 2011 1:31am Dec 5, 2011 1:31am
Quoting Ill-b-back
Sorry cant on phone, away from desk, I maybe getting mixed up with the Aussie but from what I remember it has made a double top. Will check my charts 2 pages or so back.
what i see in 4h is several resistance for cable. First is at about 5650 (high of ichimoku cloud), then 5690 (38% fibo) then the 50% fibo at 5775. If we are able to break the 38% fibo price area, then the next is at about 5850 (61% fibo).

This might be a bumpy ride then.. I attach my chart with the resistance level i mentioned above.
Attached Image (click to enlarge)
Click to Enlarge Name: chart 1.gif Size: 32 KB
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