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Cable Update (GBPUSD)

  • #297,401
  • Jan 11, 2012 9:51am Jan 11, 2012 9:51am
Quoting TauTrader
Good day to you, kind Sir

wishing you all the best for 2012.

I am mostly referring the the "told you so - a week ago" stuff. Not possible. I'm a poet and I did not even know it.. I rhyme in no time...



regards
The told you so - a week ago guy being me... am no heroics, just plain old swing trade analysis leading the way here... GBPUSD has cleared fib resistance at 5360
Next H1 and H4 close below this point would give signals for bearish continuation towards next fib support at 5270 (where im considering to Cover shorts since that is the support where it found strength to rally in 06/10/2011)
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #297,402
  • Jan 11, 2012 9:53am Jan 11, 2012 9:53am
Quoting TauTrader
Good day to you, kind Sir

wishing you all the best for 2012.

I am mostly referring the the "told you so - a week ago" stuff. Not possible. I'm a poet and I did not even no it.. I rhyme in no time...



regards
hi Tau,

I must have missed that one.

As Yogi Berra once said, "It is difficult to make predictions, especially about the future"

Hope you have a great 2012 as well!
  • #297,403
  • Jan 11, 2012 9:57am Jan 11, 2012 9:57am
Quoting Fudomyo
hi Tau,

I must have missed that one.

As Yogi Berra once said, "It is difficult to make predictions, especially about the future"

Hope you have a great 2012 as well!
Actually it aint hard to predict this week last week, since theres litereally no fundamental improvements in EURO and simply looking how the world reacts to a bad EURO fro the last 2 month or so, we can see Dollar is benefiting from EURO weakness...
Keeping a close eye on USDX at the same time to make sure im not making some shitty trade but hell im glad the USDX found a support hard to break last night... ill be posting pics on my GBPUSD short positions soon...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #297,404
  • Jan 11, 2012 10:05am Jan 11, 2012 10:05am
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 23 KB

Red Fibs - Primary Bear fibs
Blue Fibs - Primary Bull fibs
Grey Fibs - Interim Bull fibs

Last week one of my trades did well, a short from Red 61.8% took profit on a support Grey&Blue 100% on hopes of poor euro leading to a risk aversion towards dollar strength
The further break below that 100% gave me interest at the Red 100%
I've been shorting on fail to break above Grey 61.8% , further added to the short position by shorting at Grey 100%, both are now targetting TP at Red 100%

However the MACD is a major concern to me... its been pretty flat and this worries me somewhat... a major move is bound to happen soon so ill stay out as soon as my GBPUSD shorts take profit at the 100% red fib which is 5270, not going to risk a possible reversal like the one we back in 6/10/2011
Thats pretty much it...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #297,405
  • Jan 11, 2012 10:09am Jan 11, 2012 10:09am
Quoting bguguen
The told you so - a week ago guy being me... am no heroics, just plain old swing trade analysis leading the way here... GBPUSD has cleared fib resistance at 5360
Next H1 and H4 close below this point would give signals for bearish continuation towards next fib support at 5270 (where im considering to Cover shorts since that is the support where it found strength to rally in 06/10/2011)
Good day to you,

No spesific ref - but - I was wrong in my post. I do apologize.

Never to be repeated

Warm regards to you
  • #297,406
  • Jan 11, 2012 10:09am Jan 11, 2012 10:09am
:nerd:
90% of traders use TA, indicators and prediction
  • #297,407
  • Jan 11, 2012 10:11am Jan 11, 2012 10:11am
Quoting TauTrader
Good day to you,

No spesific ref - but - I was wrong in my post. I do apologize.

Never to be repeated

Warm regards to you
And i wish you all the best and plenty profits to you
2012 is the year to seize every opportunity so good luck
still much respect to a veteran trader like you
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #297,408
  • Jan 11, 2012 10:16am Jan 11, 2012 10:16am
i hope no one was long.
  • #297,409
  • Jan 11, 2012 10:20am Jan 11, 2012 10:20am
Quoting PoundTrader
i hope no one was long.
I hope so too... how was your weekend pound... havent seen you since friday dude...

Shorts on GBPUSD still doing great... but lots of people got tricked into longing GBPUSD yesterday... had to stay out and say nothing until they get burned today... gosh...

GBPUSD going up on NO news.. that hints a lot about retracement movement from friday... Glad i stayed out yesterday... but hey fibs dont tell lies... didnt enter simply cuz it didnt rise enough to trigger my interest to long...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #297,410
  • Jan 11, 2012 10:22am Jan 11, 2012 10:22am
Quoting bguguen
And i wish you all the best and plenty profits to you
2012 is the year to seize every opportunity so good luck
still much respect to a veteran trader like you
Good day to you,

I take the good vibe offered - for sure. Thank you for the kind wishes - I appreciate - really. Double that back at "ya.

I'm no veteran - believe me. A bit of a loose cannon.

Wish you and the people you care about all the best. Live life.

To the fullest

Warm regards
  • #297,411
  • Jan 11, 2012 10:22am Jan 11, 2012 10:22am
All gbp pairs in my basket are currently up 1k pips since friday =)
  • #297,412
  • Jan 11, 2012 10:26am Jan 11, 2012 10:26am
I'm the only one that's stupid enough to going Long on this pair
  • #297,413
  • Jan 11, 2012 10:27am Jan 11, 2012 10:27am
Quoting bguguen
I hope so too... how was your weekend pound... havent seen you since friday dude...

Shorts on GBPUSD still doing great... but lots of people got tricked into longing GBPUSD yesterday... had to stay out and say nothing until they get burned today... gosh...

GBPUSD going up on NO news.. that hints a lot about retracement movement from friday... Glad i stayed out yesterday... but hey fibs dont tell lies... didnt enter simply cuz it didnt rise enough to trigger my interest to long...
weekend was good, i stop posting my position on this forum, lot of people got upset, other then that im enjoying this downtrend
  • #297,414
  • Jan 11, 2012 10:27am Jan 11, 2012 10:27am
Quoting bguguen
Actually it aint hard to predict this week last week, since theres litereally no fundamental improvements in EURO and simply looking how the world reacts to a bad EURO fro the last 2 month or so, we can see Dollar is benefiting from EURO weakness...
Keeping a close eye on USDX at the same time to make sure im not making some shitty trade but hell im glad the USDX found a support hard to break last night... ill be posting pics on my GBPUSD short positions soon...
I haven't read your posts so my comment wasn't directed to you personally. I've been bearish on this pair for a while, but the market is a fickle beast as we all know. If the USDX took out the 50% line yesterday, or we break back up above the Monthly descending TL then I'd be more bullish.

There's a difference between financial forecasting and reaction to analysis and projecting targets. If any of us stated we knew where it was going to go, that would be silly. That's what I was joking about.

Anyway, here's a blowup from my carry chart I posted yesterday with the fib target I'm eying. Best of luck with your trades.

http://www.forexfactory.com/attachme...3&d=1326199219
Attached Image (click to enlarge)
Click to Enlarge Name: carryBU.jpg Size: 123 KB
  • #297,415
  • Jan 11, 2012 10:29am Jan 11, 2012 10:29am
i gave you a vouch bguguen
  • #297,416
  • Jan 11, 2012 10:29am Jan 11, 2012 10:29am
Quoting PoundTrader
i hope no one was long.
whole day i said that i was doubting about 5360 to hold....
hopefully someone listened...
90% of traders use TA, indicators and prediction
  • #297,417
  • Jan 11, 2012 10:32am Jan 11, 2012 10:32am
Quoting Fudomyo
I haven't read your posts so my comment wasn't directed to you personally. I've been bearish on this pair for a while, but the market is a fickle beast as we all know. If the USDX took out the 50% line yesterday, or we break back up above the Monthly descending TL then I'd be more bullish.

There's a difference between financial forecasting and reaction to analysis and projecting targets.
If any of us stated we knew where it was going to go, that would be silly. That's what I was referring to.

Anyway, here's a blowup from my carry chart I posted...
Great analysis, totally understand what you said now, and sorry for misunderstanding that phrase bout forcasting where gbpusd is going...
Great chart im looking at yours, and i find it amazing... been watching the USDX myself and i have to say yours are pretty solid analysis compared to what i have plotted on my USDX chart... i'd vouch if i could... but i'd still need to prove myself...
anyways best of luck to you this year and green pips all year round!
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #297,418
  • Jan 11, 2012 10:37am Jan 11, 2012 10:37am
Quoting bguguen
Great analysis, totally understand what you said now, and sorry for misunderstanding that phrase bout forcasting where gbpusd is going...
Great chart im looking at yours, and i find it amazing... been watching the USDX myself and i have to say yours are pretty solid analysis compared to what i have plotted on my USDX chart... i'd vouch if i could... but i'd still need to prove myself...
anyways best of luck to you this year and green pips all year round!
cheers mate. this looks like it could shape up to be a very interesting year.

all the best to you as well!
  • #297,419
  • Jan 11, 2012 10:37am Jan 11, 2012 10:37am
Quoting bguguen
I hope so too... how was your weekend pound... havent seen you since friday dude...

Shorts on GBPUSD still doing great... but lots of people got tricked into longing GBPUSD yesterday... had to stay out and say nothing until they get burned today... gosh...

GBPUSD going up on NO news.. that hints a lot about retracement movement from friday... Glad i stayed out yesterday... but hey fibs dont tell lies... didnt enter simply cuz it didnt rise enough to trigger my interest to long...
was not so clear this move until it happened.
longs in 54 to 55 were a good trade to pick.
what was not easy was to close longs near 55 and load shorts.
or better...ONLY at the end of the day was more clear price unable to print above 5500 and clearly re-testing previous bearflag to crash more.
just my 0,5 cents
90% of traders use TA, indicators and prediction
  • #297,420
  • Jan 11, 2012 10:37am Jan 11, 2012 10:37am
Quoting _BBKing_
whole day i said that i was doubting about 5360 to hold....
hopefully someone listened...
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