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Cable Update (GBPUSD)

  • #296,401
  • Jan 3, 2012 5:22am Jan 3, 2012 5:22am
Quoting bbmac
4hr is here:

G/L
So we are looking to break/close around 1.5623/5 to see further upside or a bouce for a reverse.

Q. When adding lines do you apply to wick or candle close becasue that makes a big difference?
  • #296,402
  • Jan 3, 2012 5:27am Jan 3, 2012 5:27am
Quoting Ill-b-back
No idea bro doing a massage as I text believe it or not, not even at my charts right now. Ask Nos7, he seems to know
Nobody knows bro. we can only predict base on our system, i was just asking if see 1.5690 comming today base on your system, just going by your post.
  • #296,403
  • Jan 3, 2012 5:28am Jan 3, 2012 5:28am
Quoting Ill-b-back
No idea bro doing a massage as I text believe it or not, not even at my charts right now. Ask Nos7, he seems to know
Bullish until end of Euro session tomorrow apparently...
Come with me if you want to live....
  • #296,404
  • Jan 3, 2012 5:31am Jan 3, 2012 5:31am
Quoting PoundTrader
Nobody knows bro. we can only predict base on our system, i was just asking if see 1.5690 comming today base on your system, just going by your post.
Oh yea, no probs dude, sorry mate. I don't know really anything about timing etc, just go with me indi flow if you know what I mean. Adjusting constantly in this ranging market eh...
Come with me if you want to live....
  • #296,405
  • Jan 3, 2012 5:33am Jan 3, 2012 5:33am
I have no powers of prediction - I just play my edge as it sets-up in the context of prevailing price action (trend [classic or general] or range on the t/f's of interest....as I write this price is challenging that area you mention.

Re previous price pivots ie previous near-term obvious fractal price swing hi's or lo's, for me - the 'zone' is the area between :

for a previous near-term obvious fractal swing hi: the highest candle open/close and the highest candle hi of the fractal swing
for a previous near-term obvious fractal swing lo: the lowest candle open/close and the lowest candle lo of the fractal swing lo

These are the 'previous swing hi or lo's ie the potential support/resistance areas I refer to.

G/L



Quoting GB_Trader
So we are looking to break/close around 1.5623/5 to see further upside or a bouce for a reverse.

Q. When adding lines do you apply to wick or candle close becasue that makes a big difference?
ex member
  • #296,406
  • Jan 3, 2012 5:48am Jan 3, 2012 5:48am
GBPUSD H4 :
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  • #296,407
  • Jan 3, 2012 5:50am Jan 3, 2012 5:50am
Quoting Mehrdadovic
GBPUSD H4 :

nice chart
  • #296,408
  • Jan 3, 2012 6:06am Jan 3, 2012 6:06am
triple bottom might be in place..need to break above 1.57
  • #296,409
  • Jan 3, 2012 6:13am Jan 3, 2012 6:13am
Quoting nAVIN2007
triple bottom might be in place..need to break above 1.57
looking EU breaking up and AU flying.... i think is a matter of time for GU.
90% of traders use TA, indicators and prediction
  • #296,410
  • Jan 3, 2012 6:16am Jan 3, 2012 6:16am
1.55 area looks good for longs actually....

i hope to get an entry long into this week, i missed it coz i was very focused in eur chf
90% of traders use TA, indicators and prediction
  • #296,411
  • Jan 3, 2012 6:21am Jan 3, 2012 6:21am
Quoting nAVIN2007
triple bottom might be in place..need to break above 1.57

from my chart... its bearish dollar till the charts say otherwise.
Buy the dips will be my approach fro GU/EU/AU/NU.

just my 2 cents.
  • #296,412
  • Jan 3, 2012 6:38am Jan 3, 2012 6:38am
Quoting _BBKing_
looking EU breaking up and AU flying.... i think is a matter of time for GU.
maybe. market's still thin right now. I'm in holiday mode still so no trades, just checking in, but 5620 would be my daily top, and EU hit the Daily channel UTL.

plenty more to come when the big boys weigh in.
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  • #296,413
  • Jan 3, 2012 6:39am Jan 3, 2012 6:39am
Quoting _BBKing_
looking EU breaking up and AU flying.... i think is a matter of time for GU.

bloody hope so otherwise this might be a very long trade..looking at the monthly it maybe a bottom..but like others have said..no real idea..can also sink but i think it will take something quite special for that

news shock..also friggin NFR

at least chart is up
  • #296,414
  • Jan 3, 2012 6:45am Jan 3, 2012 6:45am
good jump & all cut through the limits wiavewise & my sl as well . to wait & see next for next action .turmoils at last .good germany unemployment but worst spain one at the same time prevailing . some one playing the tricks perhaps .anyway 5615 not any bad number to react I see .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #296,415
  • Jan 3, 2012 6:45am Jan 3, 2012 6:45am
Quoting PoundTrader
Nobody knows bro. we can only predict base on our system, i was just asking if see 1.5690 comming today base on your system, just going by your post.
Not today I don't think brother, tomorrow at least by the looks of things, retracing off 5620ish resistance
Come with me if you want to live....
  • #296,416
  • Jan 3, 2012 6:50am Jan 3, 2012 6:50am
Quoting fontu
good jump & all cut though the limits & sl as well . to wait & see next for next action .turmoils at last .good germany unemployment but worst spain one at the same time prevailing . some one playing the tricks perhaps .
fontu

there is no tricks..look at usd index..how can any1 say it is bullish when it has simply retrace making a swing..its hit the right resistance and hasnt past it..euro is at a major support..pound is at a range bottom..gold has hit a major trendline (trend changing) and oil is looking to test highs..

all concerned it aint a supprise..this is a major road block..and usd will have prove itself to break these levels for everything to go south..
  • #296,417
  • Jan 3, 2012 6:51am Jan 3, 2012 6:51am
Daily R3, 50% 5888-5360, 61.8% 5774-5360, and descending 4hr trend line at today's current hi, above here:

5626 76.4% 5707-5360
5630-35 prev 1hr sw lo zone (non immed)
5639-43 3 fib cluster
5646-54 prev 1hr sw lo zone (non immed) incl 5654 = 38.2% 6128-5360
5657 85.4% 5707-5360
5667-75 3 fib cluster

[ 5670-75 descending dly/4hr trend line on this present 4hr candle.
[ 5669-76-91 prev dly/4hr/1hr sw hi zone incl 5685 = 61.8% 5888-5360

5696-5707 prev 4hr sw hi zone incl 5704 = Weekly R1 @/around
5712-26 prev 4hr sw hi zone incl 5713 = 85.4% 5774-5360, and 5726-50% 6092-5360
5745 50% 6128-5360
5749-78 prev dly/4hr x 3 sw hi zone incl 5759= Monthly R1 @/around and 5762/63 = 76.4% 5888-5360/50% 6165-5360

G/L
ex member
  • #296,418
  • Jan 3, 2012 6:54am Jan 3, 2012 6:54am
Quoting nAVIN2007
there is no tricks..look at usd index..how can any1 say it is bullish when it has simply retrace making a swing..its hit the right resistance and hasnt past it..euro is at a major support..pound is at a range bottom..gold has hit a major trendline (trend changing) and oil is looking to test highs..

all concerned it aint a supprise..this is a major road block..and usd will have prove itself to break these levels for everything to go south..
Thanks for the help & hint about trend change , will check all soon .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #296,419
  • Jan 3, 2012 6:54am Jan 3, 2012 6:54am
Quoting nAVIN2007
bloody hope so otherwise this might be a very long trade..looking at the monthly it maybe a bottom..but like others have said..no real idea..can also sink but i think it will take something quite special for that

news shock..also friggin NFR

at least chart is up
technically, one thing you have in your favor is the 25% of 2.117/1.349 (5415) has held as monthly support for 17 months with no closes below it yet. if that goes, then 1.5200 becomes the new battle line below it. (personally, I would have unloaded some at 5770 in the holiday volatility if I was holding longs off 6000)
  • #296,420
  • Jan 3, 2012 7:02am Jan 3, 2012 7:02am
Quoting Fudomyo
technically, one thing you have in your favor is the 25% of 2.117/1.349 (5415) has held as monthly support for 17 months with no closes below it yet. if that goes, then 1.5200 becomes the new battle line below it. (personally, I would have unloaded some at 5770 in the holiday volatility if I was holding longs off 6000)
this area should hold for my sake
it has a lot going for it

Quoting fontu
Thanks for the help & hint about trend change , will check all soon .
fontu
thanks for yur words
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