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Cable Update (GBPUSD)

  • #297,481
  • Jan 11, 2012 11:00pm Jan 11, 2012 11:00pm
Quoting Ill-b-back
Beat me to it.
?
Maybe he is saying to look for the same thing today???
Seems to be possibly shaping up for it.
Come with me if you want to live....
  • #297,482
  • Jan 11, 2012 11:04pm Jan 11, 2012 11:04pm
Quoting FXMindset
.
ok , bear flag , bo , pb & run , all past but we need the future what intention there for the market , not seen in the chart . any logic for next please ,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #297,483
  • Jan 11, 2012 11:04pm Jan 11, 2012 11:04pm
Quoting PoundTrader
whats your s/l, if it breaks 1.5297 then we could see 1.5078 by end of week. did you even have a s/l
Ya, while opening long i had a SL of 50 Pips... then i moved it further to 100 pips again when it came closer to hitting my SL i shifted my SL to 150 pips further and now suffering due to that....

This bitch G/U never results me in profit. Everytime i trade this bitch i suffer loss. Better if this time my SL hits which is still 150 pips and i am not gonna change that i wl never ever trade in this bullshit pair. Whatever loss i suffers while trading, G/U contributed almost 70-80% on that....
  • #297,484
  • Jan 11, 2012 11:08pm Jan 11, 2012 11:08pm
Quoting forexpert310
I think it is time to sell most likely more move down,
analysis please , why most likely ?
think too but logic to compare & contrast as we are already at great supports also .
thanks ,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #297,485
  • Jan 11, 2012 11:13pm Jan 11, 2012 11:13pm
Quoting Forexgain
Ya, while opening long i had a SL of 50 Pips... then i moved it further to 100 pips again when it came closer to hitting my SL i shifted my SL to 150 pips further and now suffering due to that....

This bitch G/U never results me in profit. Everytime i trade this bitch i suffer loss. Better if this time my SL hits which is still 150 pips and i am not gonna change that i wl never ever trade in this bullshit pair. Whatever loss i suffers while trading, G/U contributed almost 70-80% on that....
It happens & perfect ok for gu .150 pips sl not that great here for the spike master & as it back to it's great nature . anyway entries are important most time here and think it usually not leave any support without a jump & bychance it did not break with great strength .scalping do most trouble though .
take care ,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #297,486
  • Jan 11, 2012 11:31pm Jan 11, 2012 11:31pm
Quoting Forexgain
Ya, while opening long i had a SL of 50 Pips... then i moved it further to 100 pips again when it came closer to hitting my SL i shifted my SL to 150 pips further and now suffering due to that....

This bitch G/U never results me in profit. Everytime i trade this bitch i suffer loss. Better if this time my SL hits which is still 150 pips and i am not gonna change that i wl never ever trade in this bullshit pair. Whatever loss i suffers while trading, G/U contributed almost 70-80% on that....
jeez man.. i would have NEVER longed this pair. GBP strength is going down and usd is going up.. causing gbpusd to fall.

TONS of news releases coming out tomorrow.. Hoping my 1400 pip basket will double overnight =)

see you guys in the morning
  • #297,487
  • Jan 11, 2012 11:38pm Jan 11, 2012 11:38pm
Good day to you,

The squeeze short seems to be weakening. 15min cycle indication for retrace possible from these levels. I am taking a long position here to see if we can retest 1.5360 ( the low of last month) or then 1.5374 ( the low of last week). do not put too much weight on this call, as I am still testing.

Will cut trade if we break lower level of daily channel by high (around 1.5295)

Just a scalp.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gu15.jpg Size: 96 KB
  • #297,488
  • Jan 11, 2012 11:53pm Jan 11, 2012 11:53pm
Quoting Forexgain
Ya, while opening long i had a SL of 50 Pips... then i moved it further to 100 pips again when it came closer to hitting my SL i shifted my SL to 150 pips further and now suffering due to that....

This bitch G/U never results me in profit. Everytime i trade this bitch i suffer loss. Better if this time my SL hits which is still 150 pips and i am not gonna change that i wl never ever trade in this bullshit pair. Whatever loss i suffers while trading, G/U contributed almost 70-80% on that....
May i boldly ask, Sir... as I'm very curious about your sl... why did you moved your sl, since the primary function of sl is to limit loss due to wrong position opening?
  • #297,489
  • Jan 12, 2012 12:24am Jan 12, 2012 12:24am
my cycle. price overall falling into timeline.. might be a dbl btm - one good thing about cycle trading is to let a few bars close to see whats going on as well.

1x1 line is capping upward movements for now. suggested trades is to put stop orders to go long above 5333 and shorts below 5312.


lets just wait and see.

got some fractal set counts and fib sequence counts on this one.
Attached Image (click to enlarge)
Click to Enlarge Name: 54.gif Size: 32 KB
Have I got something on my face, SOLDIER?
  • #297,490
  • Jan 12, 2012 12:28am Jan 12, 2012 12:28am
Quoting Donny_aw
May i boldly ask, Sir... as I'm very curious about your sl... why did you moved your sl, since the primary function of sl is to limit loss due to wrong position opening?
I thought it would correlate with the fall in E/U but this bitch fell twice that of E/U... that was the main reason i shifted my SL with a hope that overnight it wl come back in balance with E/U... but my bad luck.. anyways i can't do anything now but instead to learn from the mistake i commied earlier... I WL BETTER STICK WITH MY SL 4M NEXT TIME OONWARDS........
  • #297,491
  • Jan 12, 2012 12:33am Jan 12, 2012 12:33am
Quoting bumapatria
my cycle. price overall falling into timeline.. might be a dbl btm - one good thing about cycle trading is to let a few bars close to see whats going on as well.

1x1 line is capping upward movements for now. suggested trades is to put stop orders to go long above 5333 and shorts below 5312.


lets just wait and see.

got some fractal set counts and fib sequence counts on this one.
Good day,

All success for 2012. These things fascinate / intrigue me - made it my goal this year to see if I can come up with a sustainable method... but i'm in babyshoes at this point.

Interesting subject for sure

Regards
  • #297,492
  • Jan 12, 2012 12:39am Jan 12, 2012 12:39am
Quoting TauTrader
Good day,

All success for 2012. These things fascinate / intrigue me - made it my goal this year to see if I can come up with a sustainable method... but i'm in babyshoes at this point.

Interesting subject for sure

Regards
its a great journey for a time trader , Tau. enjoy it well and at best - always and always keep your mind open. there is more law and harmony in the markets than most would think of chaos.

all the best for 012 to u too man!
Have I got something on my face, SOLDIER?
  • #297,493
  • Jan 12, 2012 12:43am Jan 12, 2012 12:43am
Quoting fontu
.
gold unrest still but looks ready for big fall.
.fontu
Hi, do you think bullish divergence and inverse HS that seems forming on daily chart, is not convincingly ?

thanks.
Attached Image
  • #297,494
  • Jan 12, 2012 1:01am Jan 12, 2012 1:01am
Quoting shocfacter
Im confused by some of these calendar results lately. Not just in this pair but some of the others also. In this case the example im going to use is GBP latest trade balance results. It clearly states on these calendars that a number greater than forecast should be positive and result in a somewhat positive reaction by traders. YET, when the number came out greater its listed in red instead of green AND there was a negative reaction in the markets. Same exact thing happened earlier in the week with Canada's building permit announcement. What am...

You seem to be have a misunderstanding of the information .
The results were WORSE than forecast .
Expectation was for minus £8.3 bil and came in at minus £8.6 bil ( £300 mil worse ) . That's why it printed in Red as well .
  • #297,495
  • Jan 12, 2012 1:12am Jan 12, 2012 1:12am
so where we going boys
  • #297,496
  • Jan 12, 2012 1:17am Jan 12, 2012 1:17am
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 62 KB


Looks like flag formation to me. If it breaks 1,5145 could be nice short.
All the best in 2012 to you all.
  • #297,497
  • Jan 12, 2012 1:21am Jan 12, 2012 1:21am
Quoting PoundTrader
so where we going boys
You're up early... or did you stay up all night??
i got a pic to share
and it seems bad news for any GBPUSD bull hoping for a retracement...
Looks to me retracement has come and passed...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 18 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #297,498
  • Edited 2:32am Jan 12, 2012 1:32am | Edited 2:32am
Quoting gsantri
Hi, do you think bullish divergence and inverse HS that seems forming on daily chart, is not convincingly ?

thanks.
Thanks for concern . Why not? they also works & working now already to the best , not using all though & all time , anyway price breaks 1641.15 to me a disaster as watching it closely for pairs but not not , this beast going it's own way ,with huge investors unrest for impending or possible economic crash in 2012 , still only January start of the year & nothing happened yet & hence think not any ground it will hold & continue up enough . in chart also there lies limit next 1665 or so , lots of resistances stop up the there are lots channels , waves , tl to continue for more correction , even not & real trend change activities from now with hs start ok , 1558 before the same , still big enough .next bo at 1644, confirmation next 1633 & further 1604 can take a big down .

price may back to the smalle channel again , waiting for soon.
Hope investors cool down soon & back home again .lets see .
thanks
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd3.gif Size: 13 KB
Click to Enlarge Name: usd5.gif Size: 10 KB
Click to Enlarge Name: gu4.gif Size: 9 KB
Click to Enlarge Name: gu6.gif Size: 11 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #297,499
  • Jan 12, 2012 1:42am Jan 12, 2012 1:42am
Quoting bguguen
You're up early... or did you stay up all night??
i got a pic to share
and it seems bad news for any GBPUSD bull hoping for a retracement...
Looks to me retracement has come and passed...
Attachment
never went to bed yet. it's 2:42am est here
  • #297,500
  • Jan 12, 2012 1:42am Jan 12, 2012 1:42am
Quoting bguguen
You're up early... or did you stay up all night??
i got a pic to share
and it seems bad news for any GBPUSD bull hoping for a retracement...
Looks to me retracement has come and passed...
Attachment
Call me a genius or what ever.. it's like i KNOW....
anyways 5270 On its way!
Heres the updated picture of the quoted one that i suspected it was the retracement, now the down move kicks in...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 17 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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