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Cable Update (GBPUSD)

  • #295,421
  • Dec 22, 2011 8:54am Dec 22, 2011 8:54am
Quoting ZeroCool
Hi my friend

Watch USDIX i attached last post double top and capping trend line
yes noticed!
but i think today gu will test near 1.56

who knows, i could be completely wrong! lets see
90% of traders use TA, indicators and prediction
  • #295,422
  • Dec 22, 2011 8:59am Dec 22, 2011 8:59am
Quoting ZeroCool
Hi my friend

Watch USDIX i attached last post double top and capping trend line
USDX is mostly EUR/USD and your H4 chart reflects the bearish rising wedge/flag on the H4 EUR/USD. This flag is currently being retested.

Be careful shorting the dollar from now on...
Gone to a better place
  • #295,423
  • Dec 22, 2011 9:06am Dec 22, 2011 9:06am
Euro playing possum. Taken aother scalp short will close if holds above trendline. Still feel 1.56 before 1.58, but nothing certain in this game.
Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 128 KB
  • #295,424
  • Dec 22, 2011 9:13am Dec 22, 2011 9:13am
Quoting bbmac
Just back at desk updating charts for last time this year.

5696-5708 prev minor 1hr sw hi zone
5717-25 prev 1hr sw hi zone incl 61.8% 5774-5647 @ 5725
5743 76.4% 5774-5647
5746 Daily R1 @/around
5749 Monthly Pivot @/around
5754-73-79 prev Dly/4hr/ 1hr sw hi zone incl 5755 = 85.4% 5774-5647 and 5764 & 69 = 2 x fibs.

5784/86 Weekly R2 @/around and 50% 6165-5409
5802-06 prev minor 4hr sw hi zone
5811 85.4% 5888-5409
5823 Daily R2 @/around
5830 61.8% 6092-5409
5854 61.8% 6128-5409
5855-70 Weekly t/f descending trend line
5859-75-88...
merry xmas bbmac and good start of 2012!
90% of traders use TA, indicators and prediction
  • #295,425
  • Dec 22, 2011 9:16am Dec 22, 2011 9:16am
nice +20 pips. enough to move quickly stop loss @BE
90% of traders use TA, indicators and prediction
  • #295,426
  • Dec 22, 2011 9:17am Dec 22, 2011 9:17am
Quoting bbmac
Just back at desk updating charts for last time this year.
Have a great one yourself and thank you for all your sharing this year.

Much appreciated.
Gone to a better place
  • #295,427
  • Dec 22, 2011 9:23am Dec 22, 2011 9:23am
Quoting Flatfish
Euro playing possum.
The monthly 200ma for the Euro is 1.2 ish. I think everyone knows they'll do their best to keep the Euro alive because the alternatives are not attractive. But are they dragging their heels deliberately to get those exports? We'll never know, probably.
Gone to a better place
  • #295,428
  • Dec 22, 2011 9:23am Dec 22, 2011 9:23am
Quoting smikester
USDX is mostly EUR/USD and your H4 chart reflects the bearish rising wedge/flag on the H4 EUR/USD. This flag is currently being retested.

Be careful shorting the dollar from now on...
really i'm out ... morning i long @ 1.5670 and TP @ 1.5720 ... now waiting to decide but i see 4 hour chart stoch & Macd for cable is going up ...

and watch cable chart trend line tested 2 times not broken ... so no short till it broken
Attached Image (click to enlarge)
Click to Enlarge Name: 4.gif Size: 13 KB
  • #295,429
  • Dec 22, 2011 9:29am Dec 22, 2011 9:29am
uhm this 5660 line looks strong!
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  • #295,430
  • Edited 10:28am Dec 22, 2011 9:37am | Edited 10:28am
usdx , ready or not if doubt strong up likely now or soon .starts with 80.13 sr breaks . all news in place still no movement so far perhaps waiting what Draghi furts & next Bama with room freshner !! horrible situation .

fontu
ok to move on .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd4.gif Size: 9 KB
Click to Enlarge Name: usd5.gif Size: 12 KB
Click to Enlarge Name: usd3.gif Size: 9 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #295,431
  • Dec 22, 2011 9:47am Dec 22, 2011 9:47am
bah.
boring action in a distribution pattern.
i get out +14 pips and leave charts.... other pairs doing similar small moves.

will come tomorrow just to see if and what happened today!

good luck you all
90% of traders use TA, indicators and prediction
  • #295,432
  • Dec 22, 2011 9:53am Dec 22, 2011 9:53am
Hi how,s cable treating u. Trade eu lately. Cable moving slower? Is it more save to long cable then eu?
  • #295,433
  • Dec 22, 2011 10:00am Dec 22, 2011 10:00am
Quoting ZeroCool
really i'm out ...
Thanks for that analysis. Cable sitting on a tough level.
Gone to a better place
  • #295,434
  • Dec 22, 2011 10:23am Dec 22, 2011 10:23am
double top forming at GU 5m chart plus gold BB indi is breaking south.
waiting journey to south
  • #295,435
  • Dec 22, 2011 11:27am Dec 22, 2011 11:27am
Quoting dremstar
double top forming at GU 5m chart plus gold BB indi is breaking south.
waiting journey to south
double top? M5 chart?
Gone to a better place
  • #295,436
  • Dec 22, 2011 11:35am Dec 22, 2011 11:35am
sort of my way of seeing the chart.
as long as don't cross the green, i consider it as double top.

but i know that is not quite the way to see double top
Attached Image
  • #295,437
  • Dec 22, 2011 11:41am Dec 22, 2011 11:41am
Quoting dremstar
sort of my way of seeing the chart.
as long as don't cross the green, i consider it as double top.

but i know that is not quite the way to see double top
OK, thanks for the explanation. Better to say rejected xxxx level twice, bearish target = xxxx ?
Gone to a better place
  • #295,438
  • Dec 22, 2011 11:48am Dec 22, 2011 11:48am
Quoting smikester
OK, thanks for the explanation. Better to say rejected xxxx level twice, bearish target = xxxx ?
Something like that.The target are not set because market moves 'dangerously' every day. It just set as a guideline for me to make my trade

but

most of the time it screw up my trade
  • #295,439
  • Dec 22, 2011 2:16pm Dec 22, 2011 2:16pm
Quoting Ill-b-back
Good luck everyone, wife and new baby need me and this forum is far too addictive for me. I will still trade but this pirate must leave this discussion. I love this place too much so must leave unfortunately, priorities are elsewhere. Perhaps when the kid leaves home I shall return.

WTF? lots of us have kids....I have 2.....been trading since they were born......hmmmmmm hope all is well pirate.
I don't trust any move - when you have profit...take it.
  • #295,440
  • Dec 22, 2011 2:30pm Dec 22, 2011 2:30pm
there are no taking profits in this up-move in GU since 5500.

A. they are very well hidden!
B. there are no taking profits at all and money are protecting dips near 5660.
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