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Cable Update (GBPUSD)

  • #294,961
  • Dec 16, 2011 2:14pm Dec 16, 2011 2:14pm
Quoting PoundTrader
i agree i think the uptrend will start next week
Hey Pound Trader, Do you think it will be a longer term up trend or just to the 50 fib level around 5590?
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  • #294,962
  • Dec 16, 2011 2:43pm Dec 16, 2011 2:43pm
Quoting Ill-b-back
Hey Fontu I agree, all of my momentum indis for every timeframe upto and including the monthly tell me to short. I think next year will send us to 42 area and possibly further. My other system tells me we have a decent chance of reaching 5590 first where the mother of all shorts could make us all very rich and prosperous in 2012. Just wondering if France retaining its AAA rating (for now) is all that is needed for one last spike up b4 Xmas?
some more turmoil not unexpected before it starts , see usdx now down in the formation of an inverted hs to try abort previous H4tf bigger hs & successfully so far withstand & may even able abort H4 tf bear one .if so & still possible then we are already done .in smaller tf still a bull set up in process .lets see , people says all imaginary reverse what already not than continue bear already in & strong .

fontu
Attached Image (click to enlarge)
Click to Enlarge Name: usd.gif Size: 10 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #294,963
  • Dec 16, 2011 2:54pm Dec 16, 2011 2:54pm
Late price action off 61.8 retrace is very temping/suggestive
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  • #294,964
  • Dec 16, 2011 3:04pm Dec 16, 2011 3:04pm
Quoting Ill-b-back
Late price action off 61.8 retrace is very temping/suggestive
right in ordinary cases but with strong momentum may not , me also expected & waited for that 61.8% fibs tl around 5140 , not yet but not that hope it may stop at all now .

anyway market closed , usdx interted hs ready action and all pairs jumped up at weekend to ease the fall next perhaps . gu lower resistance 5526 not broken yet .

Happy weekend & wish all pips to you all . see next week .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: usd.gif Size: 12 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #294,965
  • Dec 16, 2011 3:13pm Dec 16, 2011 3:13pm
Quoting fontu
right in ordinary cases but with strong momentum may not , me also expected & waited for that 61.8% fibs tl around 5140 , not yet but not that hope it may stop at all now .

anyway market closed , usdx interted hs ready action and all pairs jumped up at weekend to ease the fall next perhaps . gu lower resistance 5526 not broken yet .
fontu
5140? My 61.8 is at 5480.
Come with me if you want to live....
  • #294,966
  • Dec 16, 2011 3:26pm Dec 16, 2011 3:26pm
Quoting Ill-b-back
Hey Pound Trader, Do you think it will be a longer term up trend or just to the 50 fib level around 5590?
no it wont be longer uptrend.
  • #294,967
  • Dec 16, 2011 3:37pm Dec 16, 2011 3:37pm
Quoting PoundTrader
no it wont be longer uptrend.
Thanks Bro. Sorry couldn't help myself, I think I need forex help. I have a baby coming monday and I can't stop. Anybody else been in this situation? My wife is not terribly happy but is understanding.

My lines as I see them and target. Cant believe I have opened 3 small trades this close to the weekend. Anyone have any advice for my problem?
Attached Image (click to enlarge)
Click to Enlarge Name: 5590.gif Size: 17 KB
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  • #294,968
  • Edited 8:26pm Dec 16, 2011 4:01pm | Edited 8:26pm
Quoting Ill-b-back
Thanks Bro. Sorry couldn't help myself, I think I need forex help. I have a baby coming monday and I can't stop. Anybody else been in this situation? My wife is not terribly happy but is understanding.

My lines as I see them and target. Cant believe I have opened 3 small trades this close to the weekend. Anyone have any advice for my problem?
Closed all 3 for a total of 68 pips 1 min before market close he he..
Great way to finish. Have a great weekend guys.
Come with me if you want to live....
  • #294,969
  • Dec 16, 2011 4:14pm Dec 16, 2011 4:14pm
there's a chance we can see a little downtrend starting on sunday/monday open. any way have a good weekend everyone
  • #294,970
  • Dec 16, 2011 8:28pm Dec 16, 2011 8:28pm
Quoting Ill-b-back
Closed all 3 for a total of 68 pips 1 min before market close he he..
Great way to finish. Have a great weekend guys.
What, we can't have 3 emotions on forex factory, what gives?
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  • #294,971
  • Dec 16, 2011 8:30pm Dec 16, 2011 8:30pm
Quoting Ill-b-back
Closed all 3 for a total of 68 pips 1 min before market close he he..
Great way to finish. Have a great weekend guys.
Ok stop messing with my emotional expression.
Come with me if you want to live....
  • #294,972
  • Dec 16, 2011 9:17pm Dec 16, 2011 9:17pm
Quoting PoundTrader
i agree i think the uptrend will start next week
  • #294,973
  • Dec 16, 2011 10:38pm Dec 16, 2011 10:38pm
next week i will trade less or totally no-trading.
will popup sometimes

good weekend you all
90% of traders use TA, indicators and prediction
  • #294,974
  • Dec 16, 2011 10:49pm Dec 16, 2011 10:49pm
anyway about my method, i think is better not to think on possible trend coming in next week (or in next month/day etc...)
in the past i was used to do this... happened that i found me not trading price: i was trying to trade my idea!

just to say my personal experience!
its a kind of psycological factor that sometimes trapped me..
90% of traders use TA, indicators and prediction
  • #294,975
  • Dec 16, 2011 11:07pm Dec 16, 2011 11:07pm
Quoting Ill-b-back
5140? My 61.8 is at 5480.
I see it varies broker to broker & live & demo signal but they are all around 1.5195-88 61.8% fib from 1.6748/5-1.4228/30. and important thing price reacted once over it 5270 & back test 2nd time should be exact or more .yesterday it correct more than 61.8% fibs of last move down 5628-5408 not bad, exaggerated I will say .
lets see next what waiting , if any surprise or so.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #294,976
  • Dec 16, 2011 11:12pm Dec 16, 2011 11:12pm
Quoting abdul_halim
i have since change my view on that.
  • #294,977
  • Dec 16, 2011 11:13pm Dec 16, 2011 11:13pm
Quoting _BBKing_
next week i will trade less or totally no-trading.
will popup sometimes

good weekend you all
Then happy holiday mode , great . wish all happiness to you & family. hint at times will all expect then .me too do minimum rest of the month & still only one way to be safe . usually scary this part of the year .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #294,978
  • Dec 16, 2011 11:30pm Dec 16, 2011 11:30pm
Quoting fontu
I see it varies broker to broker & live & demo signal but they are all around 1.5195-88 61.8% fib from 1.6748/5-1.4228/30. and important thing price reacted once over it 5270 & back test 2nd time should be exact or more .yesterday it correct more than 61.8% fibs of last move down 5628-5408 not bad, exaggerated I will say .
lets see next what waiting , if any surprise or so.
fontu
. I really think we are looking at different fib levels. I don't think a broker difference can account for 300 pips.
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  • #294,979
  • Dec 16, 2011 11:40pm Dec 16, 2011 11:40pm
Speculators Bet Net $19 Billion Against Euro; Largest Position Since 2007


CFTC reported Friday. Contracts executed last Tuesday
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Attached Image(s) (click to enlarge)
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  • #294,980
  • Dec 16, 2011 11:45pm Dec 16, 2011 11:45pm
Quoting _BBKing_
anyway about my method, i think is better not to think on possible trend coming in next week (or in next month/day etc...)
in the past i was used to do this... happened that i found me not trading price: i was trying to trade my idea!

just to say my personal experience!
its a kind of psycological factor that sometimes trapped me..
My exact experience also, makes us see what we want to see rather than what is actually happening and blind to the other possibilities. I'm still breaking free from this habit as I learn to trust my system as it evolves with the market.
Come with me if you want to live....
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