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Cable Update (GBPUSD)

  • #295,141
  • Dec 20, 2011 7:26am Dec 20, 2011 7:26am
Quoting _BBKing_
hello,
yes very hard, be careful!

nice charts
Hard refers to leaping around TF to check momentum...working off M1.
Not hard as in difficult.
I really do not need you to tell me to be careful...however i'm happy that you are able to understand my charting. TY.
All systems of divination, like music itself,work through patterns.
  • #295,142
  • Dec 20, 2011 7:36am Dec 20, 2011 7:36am
Both US news come positive & so if a 5thor C already ended , seems so though in extension also , should correct more or less or back everything with interest . waiting see it if .make d top to stop bull set up .
market hangs for the timebeing or my computer , not understand , no movement!!
fontu

breached the top already .
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #295,143
  • Dec 20, 2011 7:46am Dec 20, 2011 7:46am
weekly taken out..
  • #295,144
  • Dec 20, 2011 7:50am Dec 20, 2011 7:50am
Quoting Ill-b-back
I mean TP 5570, silly me, not ready for a double top yet ( not yet )
good day to start the week
  • #295,145
  • Dec 20, 2011 7:53am Dec 20, 2011 7:53am
Quoting nAVIN2007
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
update..
Attached Image (click to enlarge)
Click to Enlarge Name: update.jpg Size: 166 KB
  • #295,146
  • Dec 20, 2011 7:55am Dec 20, 2011 7:55am
Looks like today will be a mover. Or is. Not looking to sell until the new year. No TP.
  • #295,147
  • Dec 20, 2011 8:00am Dec 20, 2011 8:00am
Quoting abdul_halim
update..

u have an excellent trade u should see 1.59
1.65 is on assuming monthly momentum keeps up..

trade is coming along wonderfully


weekly didnt attempt bottom, broke top so a double bottom is perhaps now possible in place..breaking the top now makes sense
  • #295,148
  • Dec 20, 2011 8:01am Dec 20, 2011 8:01am
Quoting Clouds
Looks like today will be a mover. Or is. Not looking to sell until the new year. No TP.
  • #295,149
  • Dec 20, 2011 8:01am Dec 20, 2011 8:01am
Quoting nAVIN2007
u have an excellent trade u should see 1.59
1.65 is on assuming monthly momentum keeps up..

trade is coming along wonderfully
im newbie sir..
  • #295,150
  • Dec 20, 2011 8:02am Dec 20, 2011 8:02am
Quoting Clouds
Looks like today will be a mover. Or is. Not looking to sell until the new year. No TP.
looks so , very crazy . another wave have ended & looking if anything happen now , correction at least , so good ranges possible .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: usd6.gif Size: 8 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #295,151
  • Dec 20, 2011 8:04am Dec 20, 2011 8:04am
Quoting abdul_halim
im newbie sir..

we all newbies brother!!!
  • #295,152
  • Dec 20, 2011 8:08am Dec 20, 2011 8:08am
Quoting dremstar
heavily shorted now. i think is a good time. anyone with me ? cheers
i just killed my account. learn a huge lesson this time.
  • #295,153
  • Dec 20, 2011 8:10am Dec 20, 2011 8:10am
Quoting dremstar
i just killed my account. learn a huge lesson this time.

am sorry to hear that!!!
  • #295,154
  • Dec 20, 2011 8:16am Dec 20, 2011 8:16am
Quoting dremstar
i just killed my account. learn a huge lesson this time.
sorry to hear that also . shorted ok but why huge , me also done but very limited & ok to minimise any loss .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #295,155
  • Dec 20, 2011 8:16am Dec 20, 2011 8:16am
Quoting kaspopsicle
revised tg 607
hedged long @648. Added short @ 684. Closed all 669. BE
All systems of divination, like music itself,work through patterns.
  • #295,156
  • Dec 20, 2011 8:17am Dec 20, 2011 8:17am
It's time for USD to recover now in my opinion.
  • #295,157
  • Dec 20, 2011 8:20am Dec 20, 2011 8:20am
Quoting PoundTrader
took a long at 1.5501, s/l 1.5459, t/p 1.5581.
yes i will be going short as soon as my system gives me the ok.
  • #295,158
  • Dec 20, 2011 8:24am Dec 20, 2011 8:24am
Quoting PoundTrader
yes i will be going short as soon as my system gives me the ok.
sweet system..glad u didnt short
  • #295,159
  • Dec 20, 2011 8:26am Dec 20, 2011 8:26am
Quoting fontu
looks so , very crazy . another wave have ended & looking if anything happen now , correction at least , so good ranges possible .
fontu
M1..
Attached Image (click to enlarge)
Click to Enlarge Name: m1.jpg Size: 139 KB
  • #295,160
  • Dec 20, 2011 8:28am Dec 20, 2011 8:28am
Pullback from 5649 in the previous 4hr/1hr swing hi zone found support -twice tested at the breeched Daily R3 level to see another strong leg up and a decisive breech of the steepest 4hr/daily descending trend line to a current daily hi at the 6 fib cluster mentioned below 5683-97...2 of which are shown on current near-term 1hr chart below. Price now at 150% of it's 20day atr.

@ / above current daily hi:

5683-90 5 fib cluster
5697 38.2% 6165-5409

5716-35 prev 4hr/1hr 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
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 168 KB
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