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Cable Update (GBPUSD)

  • #297,241
  • Jan 10, 2012 12:37pm Jan 10, 2012 12:37pm
Quoting _BBKing_
i found the balls to short this thing
stop loss >5520 tgt 5330.

will decide if goes good on a possible close in loss or a close near 5380.

stopped @be.
wtf.

up-down-up-down
90% of traders use TA, indicators and prediction
  • #297,242
  • Jan 10, 2012 12:37pm Jan 10, 2012 12:37pm
Quoting _BBKing_
5425 actually looks a good entry!
i posted that chart to share what im looking for, since im not into a long position yet

a clear breaking up of whole that pattern will surely be a good thing for those who already in! but for my method taking a position now when things are not clearly showing a breake up, is worst thing to do!
meanwhile, scalping allowed
Where woukd you go long BBKing? Clear of 5536?
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  • #297,243
  • Jan 10, 2012 12:43pm Jan 10, 2012 12:43pm
Quoting nAVIN2007
i know u have been around a long time and i have also conversed with u in the past ..but man..u have short right at a trendline which is a major guarded

becarefull
Hey Buddy. Nice to see you . My entry was @ R1 12810. Already took half the position off for 30 pips and the rest is at BE. My time for entries is gone so making my ch-arts for now and riding a free trade . Good Luck. The entry you see was just a scalp for 13 pips . closed it already . My major account is with FXCM though
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #297,244
  • Jan 10, 2012 1:01pm Jan 10, 2012 1:01pm
Quoting _BBKing_
also wrong time.
you are 40 pips late
well... 2600 is long way to go... just going to scalp it piece by piece...
  • #297,245
  • Jan 10, 2012 1:02pm Jan 10, 2012 1:02pm
Quoting _BBKing_
stopped @be.
wtf.

up-down-up-down
At some decent resistance to left of my chart above. Will create this yo yo effect
Come with me if you want to live....
  • #297,246
  • Jan 10, 2012 1:06pm Jan 10, 2012 1:06pm
Quoting _BBKing_
stopped @be.
wtf.

up-down-up-down
yeah top ranging continues While waiting breaks 52 levels both eu & gu , 2752 & 5452 respectively but the first line defence trying hold still for next day perhaps 5474 gu & eu 2781 .gu success in the defence for some but eu not yet below 81 still .

similarly gold's first defence works well still 1628/9 while waited for breaks 1627 to 1617 back.

no overnight tanking may be seen yet except if eu works with no great bear candle in action now . some topside turmoils may again next if not overnight action bychance , rarely,.
so no overnight play for me either , as to why believe while can't do infront & will wait next morning . top pending place not harm though.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #297,247
  • Jan 10, 2012 1:09pm Jan 10, 2012 1:09pm
Quoting Ill-b-back
Where woukd you go long BBKing? Clear of 5536?
if price goes at those levels shown in rectangles i will search for longs.
the highest one (also the other 2 but mostly the highest one) depends on IF+WHEN+HOW much strong it will breake downtrend line ...
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90% of traders use TA, indicators and prediction
  • #297,248
  • Jan 10, 2012 1:12pm Jan 10, 2012 1:12pm
Quoting fontu
yeah top ranging continues While waiting breaks 52 levels both eu & gu , 2752 & 5452 respectively but the first line defence trying hold still for next day perhaps 5474 gu & eu 2781 .gu success in the defence for some but eu not yet below 81 still .

similarly gold's first defence works well still 1628/9 while waited for breaks 1627 to 1617 back.

no overnight tanking may be seen yet except if eu works with no great bear candle in action now . some topside turmoils may again next if not overnight action bychance , rarely,.
so no overnight play...
yes true, i noticed about gold today.
whole currencies are trying to breake supply levels. unable to do, but also no strong rejections down.
i hope tomorrow things will be better !
90% of traders use TA, indicators and prediction
  • #297,249
  • Jan 10, 2012 1:20pm Jan 10, 2012 1:20pm
Quoting _BBKing_
if price goes at those levels shown in rectangles i will search for longs.
the highest one (also the other 2 but mostly the highest one) depends on IF+WHEN+HOW much strong it will breake downtrend line ...
Ok thx BB, may look to add to position tomorrow or Fri.
Come with me if you want to live....
  • #297,250
  • Jan 10, 2012 1:26pm Jan 10, 2012 1:26pm
Quoting Ill-b-back
Ok thx BB, may look to add to position tomorrow or Fri.
personally im looking to short it until no breaking of h1 TL + strong bear flag pattern.
could be wrong but if won't print out above these.... 53 area will be re-visited imo!
early to say, can both go up or down from here
90% of traders use TA, indicators and prediction
  • #297,251
  • Jan 10, 2012 1:26pm Jan 10, 2012 1:26pm
Quoting Ill-b-back
Ok thx BB, may look to add to position tomorrow or Fri.

What about thursday?
Money never sleeps...
  • #297,252
  • Jan 10, 2012 1:30pm Jan 10, 2012 1:30pm
Quoting _BBKing_
yes true, i noticed about gold today.
whole currencies are trying to breake supply levels. unable to do, but also no strong rejections down.
i hope tomorrow things will be better !
True , break or be broken tomorrow , think so too . usdx has one downwards turmoils probable may work & new highs can be seen in currencies then , taking next limit levels as 3813 in eu & 5524 in gu , pending short below & sl above . may not that neccessary shall take with next Frankie & London but by chance anything happen overnight .

pendings also set for few pips between first defence & 2nd defence levels if start working gu only , some space there . none if activate be fine .
good night . see you all next morning .
stay safe .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #297,253
  • Jan 10, 2012 1:34pm Jan 10, 2012 1:34pm
Quoting inpatient
What about thursday?
We Aussies are a little ahead of the game you see
Come with me if you want to live....
  • #297,254
  • Jan 10, 2012 1:38pm Jan 10, 2012 1:38pm
Quoting Ill-b-back
We Aussies are a little ahead of the game you see
Thats awesome, how can you fail when you already know what will happen tomorrow!! Ha
Money never sleeps...
  • #297,255
  • Jan 10, 2012 1:51pm Jan 10, 2012 1:51pm
Quoting inpatient
Thats awesome, how can you fail when you already know what will happen tomorrow!! Ha
Yes, being Wednesday over here, I can tell the future in a way I guess
Come with me if you want to live....
  • #297,256
  • Jan 10, 2012 1:59pm Jan 10, 2012 1:59pm
I guess GBPUSD will be moving uppp
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  • #297,257
  • Jan 10, 2012 2:07pm Jan 10, 2012 2:07pm
And if they don't raise the debt ceiling.....or prolong the increase of the debt ceiling.....remember what happened in July this past summer.....

check out the link

http://thehill.com/homenews/administ...matter-of-days

Cheers,

Faller
I don't trust any move - when you have profit...take it.
  • #297,258
  • Jan 10, 2012 2:07pm Jan 10, 2012 2:07pm
We need an Almanac for this market
Come with me if you want to live....
  • #297,259
  • Jan 10, 2012 2:15pm Jan 10, 2012 2:15pm
Quoting Faller
And if they don't raise the debt ceiling.....or prolong the increase of the debt ceiling.....remember what happened in July this past summer.....

check out the link

http://thehill.com/homenews/administ...matter-of-days

Cheers,

Faller
I read those news and stuff very rarely...mostly i enter trades based on technical analysis not fundamental....

But I never forget that fundamental exists . It is just a side kick.. Love the technical analysis
I am the one and only profitable forex trader, but not the only one
  • #297,260
  • Jan 10, 2012 2:21pm Jan 10, 2012 2:21pm
Quoting fx learner1
I read those news and stuff very rarely...mostly i enter trades based on technical analysis not fundamental....

But I never forget that fundamental exists . It is just a side kick.. Love the technical analysis

ditto for me....just sharing. I am a technical trader but always keep ears open to fundamentals - gives you an idea as to why price is moving a certain way and how much it may move. You can't go into battle blind.

As we slowly grind higher here - I see fundamental news as the force that would cause the pop in either direction.
I don't trust any move - when you have profit...take it.
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