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Cable Update (GBPUSD)

  • #296,061
  • Dec 29, 2011 6:21pm Dec 29, 2011 6:21pm
Quoting Faller
Simple look at the daily chart for the British Pound -

Look at this simple chart.....we are in the same spot that we were at the beginning of this year.....hmmmmmmm. We are sitting on strong support, stochastics are oversold Macd has been flat lining since the end of November.......we are moving sideways in a price channel since the end of September..... other then what looks like a head and shoulders pattern on this daily chart I see no reason why not to go long the Pound. Come on.....is the Euro Zone really going to let things go to CRAP?...
I'm just waiting for more drop. We could see 61.8 retrace and support at 52 something by the way things fell the other day, with lower highs forming in the lead up to it. Not a strong buy signal on my system yet, bit will be looking again at 53 to reasses, then 61.8 support before a swing trade opp.
Come with me if you want to live....
  • #296,062
  • Dec 29, 2011 6:42pm Dec 29, 2011 6:42pm
Quoting Kang_Gun
In my opinion GBPUSD base on Up Wave DE (Check my pict below) is still in developing Consensus Area phase (I assume EF range is Consensus Area for this moment). I buy at 1.5365 around Standard Deviation -1 that i measure from point D, cut loss will be taken if price play below Standard Deviaton -1 and the target (i wish) around 1.58xx.

KG
Closed +50 pips this morning, i think it's time for me to stop trading for this years. See you all in 2012. HAPPY NEW YEAR ALL.

KG
  • #296,063
  • Dec 29, 2011 6:46pm Dec 29, 2011 6:46pm
The other thing affecting markets right now is gold. It is selling off. Governments need the funds. If we get a weekly close below the rising TL, all hell could break loose.
Come with me if you want to live....
  • #296,064
  • Dec 29, 2011 6:48pm Dec 29, 2011 6:48pm
A revisit to 5540 before heading south, unless a pattern is created at this stage.........further shorts will play out well with a 5-0 bearish setup on harmoniks ruling the entire downfall of cable...........
  • #296,065
  • Dec 29, 2011 7:46pm Dec 29, 2011 7:46pm
Every possibility of bullish move from this level, but waiting for confirmation.
Come with me if you want to live....
  • #296,066
  • Dec 29, 2011 7:55pm Dec 29, 2011 7:55pm
a worth visit to cross cables to determine if the up is valid.......
  • #296,067
  • Dec 29, 2011 7:59pm Dec 29, 2011 7:59pm
Quoting Ill-b-back
Every possibility of bullish move from this level, but waiting for confirmation.

do what your system tells you not what others think.
I don't trust any move - when you have profit...take it.
  • #296,068
  • Dec 29, 2011 8:21pm Dec 29, 2011 8:21pm
Very sound advice thx Faller, will do. I now just glance at charts every hour to see a move instead of staring at them and getting all kinds of weird ideas in my head. That has been my problem all along. Thx dude to be honest, I was going better as a pirate as it made me relaxed and less serious and gave me something else to focus on other than conflicting ideas, but not a long term solution I don't think. My system is easy and accurate and slaps me when I don't follow it.
Come with me if you want to live....
  • #296,069
  • Dec 29, 2011 8:26pm Dec 29, 2011 8:26pm
hi all,

Im new, can anyone, share with me some good strategy for trading cable. And what timeframe is good to use.
  • #296,070
  • Dec 29, 2011 8:29pm Dec 29, 2011 8:29pm
Quoting sreeni02
a worth visit to cross cables to determine if the up is valid.......
Cross cables? What do you mean?
Come with me if you want to live....
  • #296,071
  • Dec 29, 2011 8:36pm Dec 29, 2011 8:36pm
Ok bought now TP 55
Come with me if you want to live....
  • #296,072
  • Dec 29, 2011 8:42pm Dec 29, 2011 8:42pm
Quoting Ill-b-back
Ok bought now TP 55

ahhh FAK! really.......shite! now i have to close my long!!!!!!!

ahhhhhhhhhhhhhhhhhhhhhhhhh!!!!!!!!!!!!!!!!!!!!!
I don't trust any move - when you have profit...take it.
  • #296,073
  • Dec 29, 2011 8:47pm Dec 29, 2011 8:47pm
Quoting Faller
ahhh FAK! really.......shite! now i have to close my long!!!!!!!

ahhhhhhhhhhhhhhhhhhhhhhhhh!!!!!!!!!!!!!!!!!!!!!
Very funny ha ha ha not
Come with me if you want to live....
  • #296,074
  • Dec 29, 2011 8:51pm Dec 29, 2011 8:51pm
Quoting Ill-b-back
Very funny ha ha ha not

just having fun with you.......how is the new baby
I don't trust any move - when you have profit...take it.
  • #296,075
  • Dec 29, 2011 9:03pm Dec 29, 2011 9:03pm
Quoting Faller
just having fun with you.......how is the new baby
Yeah I know good thx dude, just out for a walk on the beach. Back in a few hours
Come with me if you want to live....
  • #296,076
  • Dec 29, 2011 9:31pm Dec 29, 2011 9:31pm
Quoting Ill-b-back
Cross cables? What do you mean?

Means the other GBP pairs like gj, gchf, gnzd, gaud, gcad...........
  • #296,077
  • Dec 29, 2011 10:00pm Dec 29, 2011 10:00pm
Quoting sreeni02
Means the other GBP pairs like gj, gchf, gnzd, gaud, gcad...........
Ok thx
Come with me if you want to live....
  • #296,078
  • Dec 29, 2011 11:03pm Dec 29, 2011 11:03pm
anyone buyiing this?
There is Time for Bull, and Time for Bear. and so be the Wolf.
  • #296,079
  • Edited Dec 30, 2011 12:30am Dec 29, 2011 11:53pm | Edited Dec 30, 2011 12:30am
Morning , too risky this pair I see now as loss harmony in currencies & maximum vulnerabilities in gu now , au & eu breaks extension stages yesterday & gu still not , 5446 & 72 minimum breaks need for to go correction before further fall .
here it stays in such a stage that though other pair correct & may follow trend it may not be able to do so in time & continue trend direct to a much lower level without correction .
anyway frankie & London open still there to set a traction & rescue if .
eu more clean cut broken upside for more correction , only one leg up now & may be be readying for next one with correction around 2927,19,12 or 2890 wherever but intention remain first up to correct more & when finish top to decide if down continue . any turmoils may this time happen if broken bear limit 3016 as my signal pair au staggering a lot with continued upside pressure & more before the breakdown .


fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #296,080
  • Dec 30, 2011 12:33am Dec 30, 2011 12:33am
Quoting bdsilvano
anyone buyiing this?
now then its a small signal of buy...just take few pips
I trade to live
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