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Cable Update (GBPUSD)

  • #294,521
  • Dec 12, 2011 1:22am Dec 12, 2011 1:22am
Quoting Ill-b-back
I won't prophesy 5880 today but seems like a logical point this week, and sooner rather than later. I am trading from my phone but from memory daily 200ema there at the 61.8 retrace? Not sure
can i make a suggestion to you?

instead of quoting the same text over and over, why not just use the edit button to add things your forgot to say...
  • #294,522
  • Dec 12, 2011 1:36am Dec 12, 2011 1:36am
Quoting Ill-b-back
Missed my long entry at 56 on Friday but won't miss it today, TP 5860
Good day to you,

My trading plan is similar, but waiting a bit lower - will consider buy from 1.5570 /60.

I drew a chart this morning with the anticipated price action... but had to leave so did not post.

All the best

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gu24.jpg Size: 113 KB
  • #294,523
  • Dec 12, 2011 2:10am Dec 12, 2011 2:10am
Quoting PoundTrader
i think price should hit 1.5512 by monday.
i think she get there earlier then i thought
  • #294,524
  • Dec 12, 2011 2:10am Dec 12, 2011 2:10am
Quoting TauTrader
Good day to you,

My trading plan is similar, but waiting a bit lower - will consider buy from 1.5570 /60.

I drew a chart this morning with the anticipated price action... but had to leave so did not post.

All the best

Regards
Good day - slowly building long here - but we have some wood to chop.

Will see if we can achieve a positive result.

Regards
  • #294,525
  • Edited 2:43am Dec 12, 2011 2:29am | Edited 2:43am
like i said earlier guys i wont be trading this week, im going xmas shopping for the family. hope to be back next week the last week before xmas should be a good week trading.
  • #294,526
  • Dec 12, 2011 2:38am Dec 12, 2011 2:38am
just sharing med term vision at the start of a very interesting week!

h4 setup say-me strong power in short.
take a look at daily chart.... a daily closing here or near here will open for more down.

will 54 area hold another push???
in weekly chart would be the 5th.
my experience tell me that the 5th is anyway the last: breake (in this pattern need to close weekly below it) or hold and strong reverse.

time will tell.
Attached Image(s) (click to enlarge)
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90% of traders use TA, indicators and prediction
  • #294,527
  • Dec 12, 2011 2:39am Dec 12, 2011 2:39am
Quoting PoundTrader
like i said earlier guys i wont be trading this week, im going xmax shopping for the family. hope to be back next week the last week before xmax should be a good week trading.
yes but this week big flows comes if happens in a readable-way could be a good profit week!
have a good xmas shopping, send me a present! lol
90% of traders use TA, indicators and prediction
  • #294,528
  • Dec 12, 2011 2:43am Dec 12, 2011 2:43am
Quoting _BBKing_
yes but this week big flows comes if happens in a readable-way could be a good profit week!
have a good xmas shopping, send me a present! lol
sorry i meant xmas shopping
  • #294,529
  • Dec 12, 2011 2:46am Dec 12, 2011 2:46am
yes BBKING this is gonna be a good trending week and a lot of pips on the table, las year was the same for me, but i have a lot of shopping to make up for. il catch some pips before the new year begins im in no rush
  • #294,530
  • Dec 12, 2011 2:50am Dec 12, 2011 2:50am
also king heavy news week so lots of price action this week
  • #294,531
  • Dec 12, 2011 2:50am Dec 12, 2011 2:50am
Quoting PoundTrader
sorry i meant xmas shopping
yes you said that! so? my present? i have been a good kid this year
a 20.000€ trading account would be enough
Attached Image
90% of traders use TA, indicators and prediction
  • #294,532
  • Dec 12, 2011 3:01am Dec 12, 2011 3:01am
here's a couple of charts. looking for 5510 next once we finish pulling back. A touch of the Monthly LTL around 5100 would be brilliant, but with the thin market conditions and the way price is bouncing around, I'll collect in smaller bites until we take out the Daily LTL 5400 area.
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  • #294,533
  • Dec 12, 2011 3:08am Dec 12, 2011 3:08am
Hi guys 'n gals ,

this is my first post on this wonderful forum .
I am a price action trader .
and here is my s/r analysis on cable .

Attached Image (click to enlarge)
Click to Enlarge Name: GU-S&R.gif Size: 20 KB


let's see what happens.
Trade Safe, Live Like a King.
  • #294,534
  • Dec 12, 2011 3:13am Dec 12, 2011 3:13am
Quoting TauTrader
Good day - slowly building long here - but we have some wood to chop.

Will see if we can achieve a positive result.

Regards
Good day,

Closing here - GU ( to me) is ripe to run a bit higher, but EU still looking for lower - so may drag GU with. I think Fudo is correct... so I will look to re-enter long again a bit later- if I miss this boat, then i'll be slightly pissed.. but better safe.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gu24.jpg Size: 129 KB
  • #294,535
  • Dec 12, 2011 3:27am Dec 12, 2011 3:27am
Quoting TauTrader
Good day,

Closing here - GU ( to me) is ripe to run a bit higher, but EU still looking for lower - so may drag GU with. I think Fudo is correct... so I will look to re-enter long again - if I miss this boat, then i'll be slightly pissed.. but better safe.

Regards
hi Tau,

the bearish rising wedge played out on the daily, but we need to see how this week unfolds. The City can't be too happy with Cameron's decision especially considering how many EU banks are based there. We also have the potential S&P ratings downgrade for the Eurozone, and some big GU news this week.

from the looks of things the market is not pleased with the summit and letting them know it.

(if we get some kind of good news coinciding with the weekly LTL from November [5510 area] we could get a bounce there)
  • #294,536
  • Dec 12, 2011 3:32am Dec 12, 2011 3:32am
Quoting Fudomyo
hi Tau,

the bearish rising wedge played out on the daily, but we need to see how this week unfolds. The City can't be too happy with Cameron's decision especially considering how many EU banks are based there. We also have the potential S&P ratings downgrade for the Eurozone, and some big GU news this week.

from the looks of things the market is not pleased with the summit and letting them know it.
Good day,

Yip - I read about this over the past weekend. I am leaving GU alone for now. The long scalp taken earlier was on the cards based on 15 min, but my 4hr still leaves some room to the lower side - even as much as another 100 to 130 pips at this point in time.

My plan however remains to go long once entry levels are reached.

Will just be patient and trade it when the time comes.

All the best
  • #294,537
  • Dec 12, 2011 3:41am Dec 12, 2011 3:41am
Well, price action had me abandon a play off 56. I am looking at 5425 or so as a decent set up if memory serves me well.
Come with me if you want to live....
  • #294,538
  • Dec 12, 2011 3:49am Dec 12, 2011 3:49am
Quoting _BBKing_
yes you said that! so? my present? i have been a good kid this year
a 20.000€ trading account would be enough
  • #294,539
  • Dec 12, 2011 4:13am Dec 12, 2011 4:13am
Quoting Fudomyo
here's a couple of charts. looking for 5510 next once we finish pulling back.
had to close here at 5545. going out for dinner and don't want to leave this running.


see you guys later.

  • #294,540
  • Dec 12, 2011 5:12am Dec 12, 2011 5:12am
Quoting TP Hunter
Hi guys 'n gals ,

this is my first post on this wonderful forum .
I am a price action trader .
and here is my s/r analysis on cable .

Attachment

let's see what happens.
Our Trade is in +46 pips profit . I breakeven & wait for my 110 pip TP.

Attached Image (click to enlarge)
Click to Enlarge Name: GU-S&R-BE.gif Size: 19 KB
Trade Safe, Live Like a King.
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