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Cable Update (GBPUSD)

  • #297,041
  • Jan 8, 2012 7:30am Jan 8, 2012 7:30am
Checking gu at last , nothing special so far intra week movements as of eu checked in the morning
http://www.forexfactory.com/showthre...31#post5276131

but expecting more weakness in gu then eu & more bearish movement intra week than eu also .
smaller tf more or less same , limits for bear goes to nominal 5456,5464,5523 & last for now 5580 for more bear towards 5343-33,5270/45 or even 5140 reach . it had lots rangy top areas before & not fell enough also & so more upper limit levels not taking into consideration yet & before week end where it can up above the present weekly close .
lets see what happen .
So bear down ranging with continuation with bounce weekly possible , risky areas for long term plays.intraday & week on may be ok.
sell at any top still the plan but as few( 1-200+) hundred pips are nothing for gu to cover in sl may take both ways at time when in need & intraday or scalping mode .

fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #297,042
  • Jan 8, 2012 8:07am Jan 8, 2012 8:07am
Am not a very good fan of gbpusd pair but only took a little interest couple of months back. Anyway, on the long term view, i think it just took a fairly convincing bearish outlook...monthly chart just confirmed the bears taking over control and i think a tripple bottom situation is very much likely before end of 2nd quarter of 2012. Weekly and daily chart are also in agreement with the down trend. A valid break of 1.53 will sure open way for a free fall towards 1.4 hopefully. Basically, i see a very good long term sell trade possibility with stop above 1.62 and targeting 1.4 area. I am looking forward to a little pull back up towards 1.56/7 area for better entry. Hopefully
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  • #297,043
  • Edited 8:32am Jan 8, 2012 8:09am | Edited 8:32am
hey mate,

I see you're using a modified Ichimoku.

When I first started trading it was the first system I learned. It's pretty much the standard here in Japan. My core system is different now, but I still like referencing the Ichimoko charts. (force of habit.) Here's what I'm looking at.

cheers

Quoting orcunsumer
Hi buddy ,

.
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  • #297,044
  • Jan 8, 2012 10:50am Jan 8, 2012 10:50am
Quoting Ill-b-back
To be honest dude, mostly I don't trust my own analysis, I let my system do it for me. In fact, I really suck at it, so taking that into consideration, I think you have a much better than average chance dude. My system does not see that far ahead so can't project either way. I am emotionally driven (in case you haven't noticed) and they play tricks on me (and cost me money mostly) so forget my own ideas bro honestly, not just being hopeful for you. You're a good guy, rare in this game. All the best dude, just hoping for a news breakthrough to bust...

im pretty sure it will bounce at some stage..the analysis i have done is working of the biggest time frames..and everything i know leads to this trade decision..i never look at any1s trade idea..because belief in yours is more impt..lets see buddy..hopefully it wont be to interesting
  • #297,045
  • Jan 8, 2012 12:03pm Jan 8, 2012 12:03pm
Quoting _BBKing_
this is exactly the kind of post that should be banned from a forum.
there is no sense in what you are saying, there is no reasoning, there is nothing technical which could ACTUALLY support your theory and also fundamental, since you can't know what price market will open tomorrow, you cant know what will happen monday and you cant even know what will happen in stock markets, market sentiment and every fukking thing which moves this fukkin crazy market.
if you are able to predict the future, then why you posted this bullshit knowing that i would...


and this is wat i have been talkin bout to friends n family ad said to u again see if u think u know it all then u know nutin at all...... more rather u should have asked me to prove wat am thinkin rather u goin straight and judgin... i wonder wat ur account looks like :-)
  • #297,046
  • Jan 8, 2012 1:01pm Jan 8, 2012 1:01pm
Quoting rasula
and this is wat i have been talkin bout to friends n family ad said to u again see if u think u know it all then u know nutin at all...... more rather u should have asked me to prove wat am thinkin rather u goin straight and judgin... i wonder wat ur account looks like :-)
i dont have reasons to ask you about reasons of your post!!
im tired to see posts like that in here!!
if you want to post an idea you are welcome like everybody is!
coming here saying 5510 monday at NY session, at market closed, without any kind of reasoning, send me totaly in anger, i go crazy. at markets open i would have probably ignored that post, but hey i was at home, studying GU chart and was coming in to post what i posted later.
it takes you 2 minutes to add some words or to add a chart or what the hell you prefer. there is people in here spending time and time to share everything, charts, strategies, trades etc.. also we help each together on psycological aspects that trading involves.
at least some respect for all people should be due!!

im completely not interested to understand what the hell links my account statement with this conversation about YOUR POST or with my judgement about YOUR POST. my accounts are mine and you or everyone else must not be interested in them! trust me that if i would be completely loss, i would not have the time to follow markets and also to post in here.

now, if you like to share your reasoning im very interested about since i really dont see any kind of reson to see price 5510 within 14 hours to opening time today.

thank you.
90% of traders use TA, indicators and prediction
  • #297,047
  • Jan 8, 2012 1:08pm Jan 8, 2012 1:08pm
xe.com

EU trading below 2700!
GU 5409!
90% of traders use TA, indicators and prediction
  • #297,048
  • Jan 8, 2012 1:46pm Jan 8, 2012 1:46pm
Quoting _BBKing_
i dont have reasons to ask you about reasons of your post!!
im tired to see posts like that in here!!
if you want to post an idea you are welcome like everybody is!
coming here saying 5510 monday at NY session, at market closed, without any kind of reasoning, send me totaly in anger, i go crazy. at markets open i would have probably ignored that post, but hey i was at home, studying GU chart and was coming in to post what i posted later.
it takes you 2 minutes to add some words or to add a chart or what the hell you prefer. there is people...
just put people like him on ignore TROLL list
some people honestly are so negative its a wonder why they even try and trade..dont worry abt these people
  • #297,049
  • Jan 8, 2012 1:47pm Jan 8, 2012 1:47pm
If resistance holds at 1.5400 I'm going long.
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  • #297,050
  • Jan 8, 2012 1:51pm Jan 8, 2012 1:51pm
Some daily lines there. Just a sketch. Green pips to all next week!
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Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #297,051
  • Jan 8, 2012 2:35pm Jan 8, 2012 2:35pm
Quoting nAVIN2007
just put people like him on ignore TROLL list
some people honestly are so negative its a wonder why they even try and trade..dont worry abt these people
yes you are right bro... i would really like to have half of your patience!
90% of traders use TA, indicators and prediction
  • #297,052
  • Jan 8, 2012 3:10pm Jan 8, 2012 3:10pm
Good day and good luck to all this week! For me it starts with last weeks S/D chart and looking for more range play, until PA tells me different. She worker wonderfully...
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  • #297,053
  • Jan 8, 2012 3:47pm Jan 8, 2012 3:47pm
Its hovering on the 5400/5300 support area and on a strong trend line aswell, fridays low touched exactly the trendline I'd drawn on my chart on the daily, I think it is likely bounce back upto 5800 even 6000, should it break through it will drop to around 5000 which is another trend line then down to 4800.

My bias for Monday is bullish, so I will be looking for a long indicated in the chart below with the arrows.

Enjoy.
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  • #297,054
  • Jan 8, 2012 5:37pm Jan 8, 2012 5:37pm
nice bounce @5400
meanwhile au clearing 0200 (looks so...)

possible move up in gbp aud near daily demand area!
anyone good ideas in that pair? i dont trade it a lot..
90% of traders use TA, indicators and prediction
  • #297,055
  • Jan 8, 2012 5:40pm Jan 8, 2012 5:40pm
Quoting _BBKing_
nice bounce @5400
meanwhile au clearing 0200 (looks so...)

possible move up in gbp aud near daily demand area!
anyone good ideas in that pair? i dont trade it a lot..

looks like is better it to clear 5170 area before any take..
90% of traders use TA, indicators and prediction
  • #297,056
  • Jan 8, 2012 6:19pm Jan 8, 2012 6:19pm
Good morning all....i hate monday cuz i got this monday sickness in my office...
I trade to live
  • #297,057
  • Jan 8, 2012 7:05pm Jan 8, 2012 7:05pm
Quoting _BBKing_
nice bounce @5400
meanwhile au clearing 0200 (looks so...)

possible move up in gbp aud near daily demand area!
anyone good ideas in that pair? i dont trade it a lot..
That's because the AUD Retail Sales priced-in before the data released.

interesting to see where the hell that 0.4% forecast number came from lol..
market seemed was only care to the slope/trend of previous actual data, its down and priced-in imo.

below is 'detail and chart' from FF calendar.
.
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  • #297,058
  • Jan 8, 2012 8:03pm Jan 8, 2012 8:03pm
around open - close march 2010
Quoting _BBKing_
looks like is better it to clear 5170 area before any take..
not euphoria follower
  • #297,059
  • Jan 8, 2012 9:29pm Jan 8, 2012 9:29pm
Looking like a head fake set up for possible bullish break of 1hr trendline.
Come with me if you want to live....
  • #297,060
  • Jan 8, 2012 9:38pm Jan 8, 2012 9:38pm
or a break lower?
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