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Cable Update (GBPUSD)

Yeah this a roller coaster right now...did not think it would go this high
heavily shorted now. i think is a good time. anyone with me ? cheers
poss. retest 020 before break of 055
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  • #295,124
  • Quote
  • Edited 5:56am Dec 20, 2011 5:15am | Edited 5:56am
Quoting chazzle
poss. retest 020 before break of 055

finding this a lot this year..flags and channels or whatever are generally breaking the opposite sides..nice spot
daily encouraging fo bulls if trend line breaks to upside decisively ?

G/L
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ex member
moreso looking for a buy the pullback opportuunity if one develops.

Quoting dremstar
heavily shorted now. i think is a good time. anyone with me ? cheers
ex member
i love the "quiet" days as some call the days around christmas. its far more predictable.

in the eur/usd thread i called to enter long at 568, closed at 642 with +74

http://web90.server2.kingstaff-serve.../557cable2.jpg
Looks H4 Chart...
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Quoting abdul_halim
Looks H4 Chart...

if it get to 1.57..need today to be descent body on dailly bullish to challenge the monthly..

weekly high would be taken out..means attempt at breaking the top may be on
Current near-term 4hr chart as below: the fibs shown are colour coded from 6165, 6128,6092, 5888 and 5779 swings all to 5409. (5769 and 5735 to 5409 on 1hr chart.)

Price at 116% 20 day atr at the current hi

G/L
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ex member
further upside proving difficult atm after the pullback to the breeched Daily R3 off the current daily hi -5649. @/above here:

5638 61.8% 5779-5409
5645-57 prev 4hr/1hr sw hi zone
5658 76.4% 5735-5409
5663 Weekly R1 @/around
5665-70 prev 4hr/1hr sw hi zone incl 5668 = 38.2% 6092-5409
5683-90 5 fib cluster
5697 38.2% 6165-5409
5705 61.8% 5888-5409
5716-35 prev 1hr/4hr sw hi zone incl 5716 = 85.4% 5769-5409 and 5723 = 85.4% 5779-5409
5744-50-69 prev 4hr/ 1hr sw hi zone incl 5749 = Monthly Pivot @/around, 5750 = 61.8% 6092-5409, and 5764 & 69 = 2 x fibs
5785/86 Weekly R2 @/around and 50% 6165-5409
5802-06 prev minor 4hr sw hi zone
5811 85.4% 5888-5409
5830 61.8% 6092-5409
5854 61.8% 6128-5409
5859-75-88 prev Dly/4hr sw hi zone incl 5874=61.8% 6165-5409
5865-5885 Daily t/f descending trend line (change each day)
5910 Weekly R3 @/around
[ 5912-31 prev 4hr sw hi zone incl 5930 = 76.4% 6092-5409
[ 5925-40 Steepest Weekly t/f descending t/line
5959 76.4% 6128-5409
5986 76.4% 6165-5409
5991 85.4% 6092-5409
6024 85.4% 6128-5409
6053 85.4% 6165-5409
6076-92 prev Dly/4hr sw hi zone incl Monthly R1 @/around 6076
6096-6117-6128 prev dly/4hr sw hi zone
6130-39-65 prev wkly/dly/4hr sw hi zone
6173 = 76.4% 6454-5270
6181-6208 prev minor Daily sw hi zone incl 6181 = 61.8% 6746-5270

Outa here,

G/L
ex member
Quoting smikester
Good charting BB, thanks, you're an asset to the thread.
thanks
gu finally broken up the 5540 line
lol

nice push up today!
90% of traders use TA, indicators and prediction
Quoting Faller
long cable here - for those of you that do not know me I trade futures so my numbers are a little different then yours by about 10 pips. I am long from 1.5486 (futures) equal to forex price of 1.5499 ish.

Posting a one hour chart - break the down trend line and we are off to the races. I really like the bounce back in cable as well as oil and the market after that knee jerk reaction this afternoon to the ESFS news that came out of the Euro Zone -

So far so good - also good numbers out of Britain tonight.....lets see how far this one can run....
well done!!
90% of traders use TA, indicators and prediction
busy at work today so no time for posting.
got some pips and loss some others today.

nice jump in GU
im interested on a buy near previous high in coming days.
5560-5580 now will be tested soon as support.

1.57 actually is nearest strong resistance area imo.

good luck you all.
90% of traders use TA, indicators and prediction
Bullish engulfing. Hard scalp flag...631-577
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All systems of divination, like music itself,work through patterns.
Quoting kaspopsicle
Bullish engulfing. Hard scalp flag...631-577
hello,
yes very hard, be careful!

nice charts
90% of traders use TA, indicators and prediction
Quoting _BBKing_
thanks
gu finally broken up the 5540 line
lol

nice push up today!
Quoting Faller
long cable here - for those of you that do not know me I trade futures so my numbers are a little different then yours by about 10 pips. I am long from 1.5486 (futures) equal to forex price of 1.5499 ish.

Posting a one hour chart - break the down trend line and we are off to the races. I really like the bounce back in cable as well as oil and the market after that knee jerk reaction this afternoon to the ESFS news that came out of the Euro Zone -

So far so good - also good numbers out of Britain tonight.....lets see how far this one can run.

Cheers...

nice charting bud
  • #295,139
  • Quote
  • Edited 8:31am Dec 20, 2011 8:14am | Edited 8:31am
Back , so it goes to the sky to prove me wrong & suspecion at the begining of the day with negative trade at last . ok , a camel action I see & may be time to show the face or looking for water but neck extension still a probable .
looking the limit levels 5616& 5585 for the possibilities next & decide tolerate more or kill my trade .
the top not breached further nor any d top formed & so a bull at the top now .
similar pattern in eu also seeing .
So time to see US news & reaction at this level now .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
revised tg 607
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All systems of divination, like music itself,work through patterns.
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