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Cable Update (GBPUSD)

  • #297,681
  • Jan 12, 2012 4:59pm Jan 12, 2012 4:59pm
Quoting Ill-b-back
Yes, my thoughts too. Descending TL's getting steeper. I don't scalp anymore as it drive me nuts so just picking your mind to see your thoughts. Thx dude
well im trying to pick trades for longer time, still lot of work to do!
below what i see, was just looking at charts in last hours to try to build a kind of a plan......

daily chart closed below green ranging pattern as fudomyo and smikester today pointed out!

h4 still into descending wedge and reacting at this strong level.
usually wedges are broken opposite of their direction, but not 100% a rule!

what i need is first to see what happens at level A (assuming price goes there)
then i need to see if price goes out up above the channel and find support again in-near 5360-5380 gaining again green ranging in daily.
if so, target will be B or more. (a lot more)

opposite direction is point C: it is around weekly main support TL uptrend.
reversal pattern there and we go straight to B
loosing C is a free run to D (or more)

this is clearly what i mean by: im waiting to see something more clear!
i have all targets ready. i only need market to say if direction is up or if it is down

actually daily closed nice! at least the furiuos down have been stopped for a while.
price need strong strong reasons to breake below C.
do we have them?
mmm

edit: obviusly in this meanwhile.... m5+m15 scalping and 'pick n run' should be very good at these levels!!
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90% of traders use TA, indicators and prediction
  • #297,682
  • Jan 12, 2012 5:02pm Jan 12, 2012 5:02pm
Quoting _BBKing_
well im trying to pick trades for longer time, still lot of work to do!
below what i see, was just looking at charts in last hours to try to build a kind of a plan......

daily chart closed below green ranging pattern as fudomyo and smikester today pointed out!

h4 still into descending wedge and reacting at this strong level.
usually wedges are broken opposite of their direction, but not 100% a rule!

what i need is first to see what happens at level A (assuming price goes there)
then i need to see if price goes out up above the channel and...

yur second chart do on dailly..is the scenero im looking at falling wedge 800 pips if it breaks north leading to 1.65

do it on dailly..(thats my last hope)

also throw up macd..bullish diverence (am not posting chart cause i dont want to screw myself)..lol (superstition)
  • #297,683
  • Jan 12, 2012 5:09pm Jan 12, 2012 5:09pm
Quoting bguguen
Lol thanks next time to avoid confusion, put a smile to it
The market conditions this time around this area is that it does seem wanting to break 5270 and stay below it at 5280 we did experience a minor retracement but 5270 is the ultimate fib support which plenty of orders are lined below all the way to 5240...
That should give interest to the big boys to take it out i suppose
hello sorry today i was out i missed a lot of posts.
what fib are you talking about at 5270?
thanks!
90% of traders use TA, indicators and prediction
  • #297,684
  • Jan 12, 2012 5:14pm Jan 12, 2012 5:14pm
Quoting nAVIN2007
yur second chart do on dailly..is the scenero im looking at falling wedge 800 pips if it breaks north leading to 1.65

do it on dailly..(thats my last hope)

also throw up macd..bullish diverence (am not posting chart cause i dont want to screw myself)..lol (superstition)

personally bro i also dont think price will go straight below main weekly TL without at least an up move of 400 500 pips
if no strong reaction there (5150or so) would mean flows closed buy orders for some heavy bad reason!
i really hope to never see something like that
90% of traders use TA, indicators and prediction
  • #297,685
  • Jan 12, 2012 5:15pm Jan 12, 2012 5:15pm
Quoting _BBKing_
hello sorry today i was out i missed a lot of posts.
what fib are you talking about at 5270?
thanks!
The fib drawn from oct2011 low to the swing hi to 1.6xxx bur the crucial thing is that 5270 was the bounce zone, not 5280 as we saw today....
Todays move up from 5280 looks more like a repositioning move... With usdx back down to test supports, if the immediate support holds and finds new strength, gbpusd will be in big trouble
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #297,686
  • Jan 12, 2012 5:24pm Jan 12, 2012 5:24pm
Quoting bguguen
The fib drawn from oct2011 low to the swing hi to 1.6xxx bur the crucial thing is that 5270 was the bounce zone, not 5280 as we saw today....
Todays move up from 5280 looks more like a repositioning move... With usdx back down to test supports, if the immediate support holds and finds new strength, gbpusd will be in big trouble

ah ok so you mean the 100 fibo line.
i thought you was meaning some extensions, im too lazy to draw 'em now, its whole afternoon im drawing things on charts!

uhm! 5270 .... 5280... is 10 pips!
considering it's a daily touch 10 pips should be nothing imo.

big problem actually is that previous rejection was very stronger than today!!
tomorrow hopefully we will see something more
90% of traders use TA, indicators and prediction
  • #297,687
  • Jan 12, 2012 5:26pm Jan 12, 2012 5:26pm
Quoting Ill-b-back
You post a chart simply showing what has happened in the past with no explanation of its relevance (yes we can all see the breakout, retest then bearish confirmation) but it was a little confusing. Then someone decides to have a little fun with it and you come kicking and screaming out of your cot hell bent on giving mummy a sore nipple. It seems you can dish it out by the bucket load but can't take a little fun. Why don't you man up a little?
PM me or call me if you have problem with me,dont need talk more in trading thread ( I dont have any problem to find you In canada)
You dont know nothing yet
as for faller if you interupt my post again and I would show you something cool,no more reminder
I know which traders/members are wise or not in this forum,who is white and black side,so no need to talk more
If there was easy money lying around,no one would be forcing it into your
  • #297,688
  • Jan 12, 2012 5:30pm Jan 12, 2012 5:30pm
Quoting _BBKing_
ah ok so you mean the 100 fibo line.
i thought you was meaning some extensions, im too lazy to draw 'em now, its whole afternoon im drawing things on charts!

uhm! 5270 .... 5280... is 10 pips!
considering it's a daily touch 10 pips should be nothing imo.

big problem actually is that previous rejection was very stronger than today!!
tomorrow hopefully we will see something more
Thats my point... the reason why the previous rejection was stronger is because orders been hit... Problem is this time... ORDERs are lined BELOW 5270... those will have to hit first to know exactly what direction it takes... otherwise we are just waiting for it to approach 5270...
it doesnt matter if its 10 pips or 1 pips... fib line are respected regardless of the pips... all the time fibs get approached and we have to see its Overflow and reaction near a fib to determine direction buddy....
Orders are seen below 5270 down to 5240... for a bull... the ideal scenarior is a sudden spike down and close back above 5270, that would be a good sign of a rejection if you want to go up...
but i cant stress enough the importance of 5270 to be reached before something starts moving...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #297,689
  • Jan 12, 2012 5:38pm Jan 12, 2012 5:38pm
I see that GBPUSD never touched the upper or the lower line of COG in H4 Chart.
anyone noticed that?
If its not boring .. you are not trading correctly
  • #297,690
  • Jan 12, 2012 5:47pm Jan 12, 2012 5:47pm
Quoting bguguen
Thats my point... the reason why the previous rejection was stronger is because orders been hit... Problem is this time... ORDERs are lined BELOW 5270... those will have to hit first to know exactly what direction it takes... otherwise we are just waiting for it to approach 5270...
it doesnt matter if its 10 pips or 1 pips... fib line are respected regardless of the pips... all the time fibs get approached and we have to see its Overflow and reaction near a fib to determine direction buddy....
Orders are seen below 5270 down to 5240... for a bull......
interesting point of view!
imo a spike below 5270 is still on cards ok, but main interesting things are direction up.. would be nice to see what you saying: a move below and fast rejection above!
tomorrow is weekly closing!
this time extremely important!
lets see
90% of traders use TA, indicators and prediction
  • #297,691
  • Jan 12, 2012 5:52pm Jan 12, 2012 5:52pm
Quoting mohamed6069
I see that GBPUSD never touched the upper or the lower line of COG in H4 Chart.
anyone noticed that?
hello,
i used that indi ages ago only for some days...
i really dont know!
sorry!
90% of traders use TA, indicators and prediction
  • #297,692
  • Jan 12, 2012 5:54pm Jan 12, 2012 5:54pm
7 hours drawing and redrawing charts
i had enough.
i go sleep, hopefully i won't dream candles eating trendlines
90% of traders use TA, indicators and prediction
  • #297,693
  • Jan 12, 2012 5:57pm Jan 12, 2012 5:57pm
Quoting _BBKing_
7 hours drawing and redrawing charts
i had enough.
i go sleep, hopefully i won't dream candles eating trendlines
see you when you wake up then
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #297,694
  • Jan 12, 2012 6:18pm Jan 12, 2012 6:18pm
Quoting FXMindset
PM me or call me if you have problem with me,dont need talk more in trading thread ( I dont have any problem to find you In canada)
You dont know nothing yet
as for faller if you interupt my post again and I would show you something cool,no more reminder
I know which traders/members are wise or not in this forum,who is white and black side,so no need to talk more
Ha ha, you don't mind criticizing others on the open thread but you only want to be criticized via a PM or a phone call??? Like I said, you can dish it out but cannot take it. You will be searching a long time for me in Canada since I live in Australia you dufous.
Come with me if you want to live....
  • #297,695
  • Jan 12, 2012 6:21pm Jan 12, 2012 6:21pm
Quoting Ill-b-back
Ha ha, you don't mind criticizing others on the open thread but you only want to be criticized via a PM or a phone call??? Like I said, you can dish it out but cannot take it. You will be searching a long time for me in Canada since I live in Australia you dufous.
Lol I tot you live in the same hole with the same person
Secondly u should know the Forum rules,but since you like have the game then lest start in this public forum or in real face to face am also dont have problem with that.I just dont want ruin members trade focus

Enough Said

Ok,just gimme your address if you have problem with me,am waiting your PM unless u dont have the ball


I am will see you In NY Open


Thanks
If there was easy money lying around,no one would be forcing it into your
  • #297,696
  • Jan 12, 2012 6:42pm Jan 12, 2012 6:42pm
Quoting iqyu5an
good night KGS

***
sarua sunduhhhhhhhhhhhhhhhhhhhhhhhhh
aya salam ti mr doji jang isukan kang meureunnnnnnnnnnnnnnnnnnnnnnnnn
wilujeng enjing! dinten ieu mah jigana ngarayap ka luhur, enya kang?
atos sarare yeuh....

Good day everyone, may God bless everyone! It looks like bear already yawn and going to sleep, so... what's the target for the bull?


donny
  • #297,697
  • Jan 12, 2012 6:47pm Jan 12, 2012 6:47pm
Good god the hate in here... where is the love?? come on show me some LOVE... no homo...

Inserted Video
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #297,698
  • Jan 12, 2012 6:57pm Jan 12, 2012 6:57pm
blank about the target

but this is friday ......... can she break the weekend gap again and close above it or at least close above weekly open at weekend ? that's the question


****
hu uh jiga kuya ngarayap na... kuya kuya dayam peyahu maksudna teh


Quoting Donny_aw
wilujeng enjing! dinten ieu mah jigana ngarayap ka luhur, enya kang?
atos sarare yeuh....

Good day everyone, may God bless everyone! It looks like bear already yawn and going to sleep, so... what's the target for the bull?


donny
not euphoria follower
  • #297,699
  • Edited 7:31pm Jan 12, 2012 7:12pm | Edited 7:31pm
Good day to you all,

Whoever has got the ball - put it down. We all wanna play.

Looking at the shorter term, my trade idea is to see the current little retrace go a bit higher still - as mentioned yesterday late - daily candle opened in my time on the other side of the 2 candle TL - so a test of previous candle high ( 1.5365) normally happens ( 90% of the time).

To look at levels, we could also continue even slightly higher to visit any of these:

1) Retest of last week's low @ 1.5374 or
2) 50% line of this week @ 1.5388 or
3) The weekly open @ 1.5422

But then I expect a move lower again - since it's Friday - possibly only early next week or very late today, to visit 1.5250 / 1.5240 - from where we may start an up cycle in the not too distant future, which may be more sustained. But that's way ahead and things may change...

Wish you all the best

Regards
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  • #297,700
  • Jan 12, 2012 7:35pm Jan 12, 2012 7:35pm
Agree. Looks like a very good possibility of a bounce from these levels especially if any good news out of UK.
Hej.
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