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Cable Update (GBPUSD)

  • #295,541
  • Dec 24, 2011 5:29am Dec 24, 2011 5:29am
Quoting PoundTrader
took awhile but it got there
90% of traders use TA, indicators and prediction
  • #295,542
  • Dec 24, 2011 5:31am Dec 24, 2011 5:31am
Quoting _BBKing_
actually what im looking for next week is weel printed in this h4 chart
the green line containing the push up.
need zoom out to see from where it comes.....

if price goes down and shows good reaction near 5600 (orange ellypse) i think will be good to buy for the breake up.
we see same/similiar pattern every day in faster TF
seen in h4 means at least a possible scenario for fast 5850-5890 target.

sincerely im unable to short it now! could be wrong decision but i prefer to follow this plan! will change it according to price moves in next week!...

a reaction here next week and we go for the epic breake up for 58 and 59 area.
if unable to hold the 5540 level.... 54 is open again

lolz
big pips come next week

merry xmas everyone.
see you all in few days
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 23 KB
90% of traders use TA, indicators and prediction
  • #295,543
  • Dec 24, 2011 5:52am Dec 24, 2011 5:52am
Quoting PoundTrader
im a swing trader so i can hold my trades from 1 day to 4 days never over 4 days.
Do try position trading and I can guarantee you I'll never look back swing trading.
  • #295,544
  • Dec 24, 2011 7:40am Dec 24, 2011 7:40am
bulls should be willing to step in at the 38.2 and rising trendline area, so will see what happens there. I still fail to see any real bullish pattern so prefer sells although flow wise week usually bullish for cable- thin market so will avoid selling after a drop or buying after a sharp rise.
Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 130 KB
  • #295,545
  • Dec 24, 2011 10:28am Dec 24, 2011 10:28am
Quoting kratun
Do try position trading and I can guarantee you I'll never look back swing trading.

u are speaking to a member who probably was here right in the beginning
  • #295,546
  • Dec 24, 2011 10:42am Dec 24, 2011 10:42am
merry christmas to one and all............

Inserted Video


and thank you for your contributions x
All systems of divination, like music itself,work through patterns.
  • #295,547
  • Dec 24, 2011 11:32am Dec 24, 2011 11:32am
Would not be at all surprised to see cable ranging 54-5779 into the very early new year.
Come with me if you want to live....
  • #295,548
  • Dec 24, 2011 12:05pm Dec 24, 2011 12:05pm
Quoting nAVIN2007
u are speaking to a member who probably was here right in the beginning
Doesn't matter who I'm talking to.Whether he's from begining or from two hours it's of no difference for me.
  • #295,549
  • Dec 24, 2011 1:10pm Dec 24, 2011 1:10pm
Quoting Ill-b-back
Would not be at all surprised to see cable ranging 54-5779 into the very early new year.
This is forex & everything possible in coming days , market after all flat with big ranging & none confirmed with breach upper & lower limits .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #295,550
  • Dec 24, 2011 3:35pm Dec 24, 2011 3:35pm
Merry Christmas from us all in Australia
Come with me if you want to live....
  • #295,551
  • Dec 24, 2011 7:00pm Dec 24, 2011 7:00pm
My 4hr bollingers 55, hint at a retracement at market open for more selling. Lower timeframe 55 bollingers tell me rising TL may not be respected. Cancelling my buy order and will wait for a confirmed lower timeframe bullish TL break before going long from 61.8 retrace. If 61.8 does not hold. Looking for 54 again.
Come with me if you want to live....
  • #295,552
  • Dec 24, 2011 7:01pm Dec 24, 2011 7:01pm
Quoting Ill-b-back
My 4hr bollingers 55, hint at a retracement at market open for more selling. Lower timeframe 55 bollingers tell me rising TL may not be respected. Cancelling my buy order and will wait for a confirmed lower timeframe bullish TL break before going long from 61.8 retrace. If 61.8 does not hold. Looking for 54 again.
On phone sorry no chart
Come with me if you want to live....
  • #295,553
  • Dec 24, 2011 11:12pm Dec 24, 2011 11:12pm
Life is colorful so is candles. its green or red, and pay attention to the 'doubt gray.

All these are multi time-frame, but me likes to trade H1 with Daily as a guide. I also watch equities in each session.

Technically what am seeing on daily chart that this down-move is just a retracement. but holiday thin volume or fundamental could say different things.


sometimes the 'supdem indi repainting. to clean up just click;
Ctrl.B > Home > Shift End > Delete. then switch TF.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: setup1.gif Size: 17 KB
Click to Enlarge Name: setup2.gif Size: 17 KB
Attached File(s)
File Type: mq4 ZoneTrade_2.4.mq4   7 KB | 388 downloads
File Type: ex4 SupDem.ex4   13 KB | 311 downloads
File Type: mq4 Daily Range.mq4   2 KB | 349 downloads
File Type: tpl template_1.tpl   13 KB | 320 downloads
File Type: tpl template_2.tpl   13 KB | 351 downloads
  • #295,554
  • Dec 25, 2011 12:37am Dec 25, 2011 12:37am
Quoting Ill-b-back
Merry Christmas from us all in Australia
  • #295,555
  • Dec 25, 2011 3:26am Dec 25, 2011 3:26am
Quoting kratun
Do try position trading and I can guarantee you I'll never look back swing trading.
hello,
what do you mean by "position trading" ?
90% of traders use TA, indicators and prediction
  • #295,556
  • Dec 25, 2011 3:40am Dec 25, 2011 3:40am
Quoting _BBKing_
hello,
what do you mean by "position trading" ?
Trades which are held from several days to several months.

Merry Christmas to all..
  • #295,557
  • Dec 25, 2011 5:27am Dec 25, 2011 5:27am
Quoting kratun
Doesn't matter who I'm talking to.Whether he's from begining or from two hours it's of no difference for me.

it may not make a difference but ask yourself if a trader plays the game with no chart and completely really on a system..he gonna be very mechanical in his approach

at some point he was a position trader..that was the point of my post

merry xmas all enjoy
  • #295,558
  • Dec 25, 2011 6:04am Dec 25, 2011 6:04am
Quoting nAVIN2007
it may not make a difference but ask yourself if a trader plays the game with no chart and completely really on a system..he gonna be very mechanical in his approach

at some point he was a position trader..that was the point of my post

merry xmas all enjoy
I see what you mean.But as he's stated he never kept a trade for more than four days.Why not?Why should one bother for a few points he didn't have the previous day.I'll never forget a trade which was closed by me because of fear not to lose those 3-4 points,only to see with regret the same pair shoting for more than 1800pips ...
  • #295,559
  • Dec 25, 2011 6:53am Dec 25, 2011 6:53am
Anyone know if there'll be any kind of trading activity tomorrow??
  • #295,560
  • Dec 25, 2011 7:23am Dec 25, 2011 7:23am
Quoting nostradamus7
Anyone know if there'll be any kind of trading activity tomorrow??
I shouldn't think there would be much but my charts tell me it is likely to be a decisive day as we are approaching a technical turning point on the cable that will tell me to go long or short at 5550 or so.
Come with me if you want to live....
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