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Cable Update (GBPUSD)

  • #297,341
  • Jan 11, 2012 2:48am Jan 11, 2012 2:48am
I'm a little drunk and a little long
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  • #297,342
  • Jan 11, 2012 2:51am Jan 11, 2012 2:51am
TP 50 Sl 20 enter 1.5428
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  • #297,343
  • Jan 11, 2012 3:07am Jan 11, 2012 3:07am
Quoting Hazarder
TP 50 Sl 20 enter 1.5428
That's what I'm talkin' about. I think it's a shake out (but could b wrong)
Come with me if you want to live....
  • #297,344
  • Jan 11, 2012 3:31am Jan 11, 2012 3:31am
the guy in the picture was waiting a reversal pattern while the other picture is my h1 chart.
lets see if goes 5360 and if will hold.
imo it will not but its just me!
surely this is not the kind of situation where go long
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  • #297,345
  • Jan 11, 2012 3:33am Jan 11, 2012 3:33am
actually the only thing i see going up is the usd chf.
well, i mean in the charts i have open.
90% of traders use TA, indicators and prediction
  • #297,346
  • Jan 11, 2012 3:34am Jan 11, 2012 3:34am
Quoting Ill-b-back
That's what I'm talkin' about. I think it's a shake out (but could b wrong)
and wrong I am, out -45 pips, just trying something out. Stuff it, off to bed. will POSSIBLY wait until we hit mid-high 52 before looking to go long again.
Come with me if you want to live....
  • #297,347
  • Jan 11, 2012 3:44am Jan 11, 2012 3:44am
TP around 1.5283..its possible?
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  • #297,348
  • Jan 11, 2012 3:47am Jan 11, 2012 3:47am
Quoting Ill-b-back
and wrong I am, out -45 pips, just trying something out. Stuff it, off to bed. will POSSIBLY wait until we hit mid-high 52 before looking to go long again.

why you bought there mate?
i mean was a good scalp but overall this thing is crashing since unable to get 55 area and mostly unable to get out of downward channel!

lets see now how much demand near 5360... but be careful, dont waste money!
wait to see something really clear to you before pick a position!
i say because so many times i lost money thinking something like "well, it is gone down enough, now it bounce back!" i would like to have now those money... i could be rich!
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  • #297,349
  • Jan 11, 2012 3:48am Jan 11, 2012 3:48am
Quoting TauTrader
Good day to you,

Forgive me for not posting charts... I am busy working on a cycle type system and need to observe first. All I will say is that - if today is a down day, rather than an up day - I will be encouraged.

If not, I have work to do still...

Going to the office now - I did place shorts a bit higher up, but this is just a test...

wish you good trading - see later

Regards
Good day,

Encouraging. Still more testing to do, but looking positive. Closing shorts here on convergence of TL's.. May be too early, but banked is good. Price may run down to 1.5320 and beyond.. ( cycle lower not yet complete) - now out until we have a serious retrace, or long cycle starts.

Regards
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  • #297,350
  • Jan 11, 2012 3:50am Jan 11, 2012 3:50am
Quoting abdul_halim
TP around 1.5283..its possible?
big problem for shorts is here between 5360-80
if goes, 5320 and 5315 should be touched easy.

5283..... who knows?
90% of traders use TA, indicators and prediction
  • #297,351
  • Jan 11, 2012 3:54am Jan 11, 2012 3:54am
Quoting TauTrader
Good day,

Encouraging. Still more testing to do, but looking positive. Closing shorts here on convergence of TL's.. May be too early, but banked is good. Price may run down to 1.5320 and beyond.. ( cycle lower not yet complete) - now out until we have a serious retrace, or long cycle starts.

Regards
good day to you,
sounds good.
will you let us know more about these cycles?
im trying since weeks and weeks to understand if market works in a kind of timing cycles or similiar, but im still in deep dark about this!
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  • #297,352
  • Jan 11, 2012 3:56am Jan 11, 2012 3:56am
Good day to you,

On daily, 1.53750 is now indicated as important SR level. Price may pull back from here - or give false break to be traded back. Be careful..

Regards
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  • #297,353
  • Jan 11, 2012 4:03am Jan 11, 2012 4:03am
Quoting _BBKing_
why you bought there mate?
i mean was a good scalp but overall this thing is crashing since unable to get 55 area and mostly unable to get out of downward channel!

lets see now how much demand near 5360... but be careful, dont waste money!
wait to see something really clear to you before pick a position!
i say because so many times i lost money thinking something like "well, it is gone down enough, now it bounce back!" i would like to have now those money... i could be rich!
Hey BB, thx for the thoughts dude. Just something i am running on a micro account. I am still getting used to my software and learning what is what that is all. from my previous expectations, I did not get a confirmed sell signal, so saw it as an opportunity to go long despite the bearish TL break. Im now short but dont really give a toss which way it goes as without a confirmed signal, I wont trade my main account, so my money is safe.
Thx again dude, you another good guy
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  • #297,354
  • Jan 11, 2012 4:05am Jan 11, 2012 4:05am
Quoting _BBKing_
big problem for shorts is here between 5360-80
if goes, 5320 and 5315 should be touched easy.

5283..... who knows?
thanks...
  • #297,355
  • Jan 11, 2012 4:06am Jan 11, 2012 4:06am
Quoting Fudomyo
if price fails and we take out the DP then I'm looking for 5340 area downside. so far it's just a pullback with a low ascent angle on the 30M.
that took long enough.
  • #297,356
  • Jan 11, 2012 4:07am Jan 11, 2012 4:07am
Quoting Ill-b-back
Hey BB, thx for the thoughts dude. Just something i am running on a micro account. I am still getting used to my software and learning what is what that is all. from my previous expectations, I did not get a confirmed sell signal, so saw it as an opportunity to go long despite the bearish TL break. Im now short but dont really give a toss which way it goes as without a confirmed signal, I wont trade my main account, so my money is safe.
Thx again dude, you another good guy
ok for the microlots!
was looking at your fibos in previous picture.
imo fibos should be drawn on main move not in the retraces moves.
below what i mean
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90% of traders use TA, indicators and prediction
  • #297,357
  • Jan 11, 2012 4:20am Jan 11, 2012 4:20am
Quoting _BBKing_
ok for the microlots!
was looking at your fibos in previous picture.
imo fibos should be drawn on main move not in the retraces moves.
below what i mean
Those were my weekly fibos from the bottom of the GFC that show main support zones for the weekly.
I have attached my fibos from most recent main swing low below also.
It seems to me we could see 5190?
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  • #297,358
  • Jan 11, 2012 4:22am Jan 11, 2012 4:22am
Going long at 5387
  • #297,359
  • Jan 11, 2012 4:32am Jan 11, 2012 4:32am
Quoting Ill-b-back
Those were my weekly fibos from the bottom of the GFC that show main support zones for the weekly.
I have attached my fibos from most recent main swing low below also.
It seems to me we could see 5190?
will be a strong fight!
"bulls" will try everything to get a weekly closing above 5500...
to see 51 we must clear 53 area!
would mean something very bad for gbp coming out this or next week
lol also something very good for usd
90% of traders use TA, indicators and prediction
  • #297,360
  • Jan 11, 2012 4:36am Jan 11, 2012 4:36am
Quoting _BBKing_
will be a strong fight!
"bulls" will try everything to get a weekly closing above 5500...
to see 51 we must clear 53 area!
would mean something very bad for gbp coming out this or next week
lol also something very good for usd
Also a bit drunk with parents tonight at dinner, so no way trading main account
Come with me if you want to live....
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