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Cable Update (GBPUSD)

  • #298,021
  • Jan 15, 2012 8:39am Jan 15, 2012 8:39am
sorry mrTauTrader, i got a mistake in my previous quote!
i need an hot soup and more sleep maybe

this is my view for incoming week posted at week ending yesterday in my journal

"and h4 shows price conquered again symmetrical down trend channel.
also true that closing candles are trying to respect the yellow dotted wedge, showing possible demand or positions covering coming into markets.

we already are in strong overall demand area from now to next 300 pips down as seen in previous reasons.

i think until strong pressure will be covered and price go out of this steep downtrend, we could easy see 1.5150 and also 1.50 area visited.

only there i expect to see shorts covering heavy and some demand coming into market. its only an idea actually since everything could change in next 2 weeks and if very bad, orders long could be closed and price will not find demand near 1.50 1.51 and we go for heavy downtrend in 1.40 area.

time will tell.
surely this next week and the other 2 we will see the beginning of a trend which could be live till ealry summer."

and chart attached.
so... i should also be expecting a move more down than actual 1.53!
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 89 KB
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  • #298,022
  • Jan 15, 2012 9:01am Jan 15, 2012 9:01am
Quoting _BBKing_
yes answered you 2minutes ago!
thank you for reminding!
anyway i still have a divergence of some 60 pips 5130w1-5070d1.... i think is due to my broker!

also true that in h1+h4 goes again 5130.
and here ... The mystery deepens
you are right - TLs on daily charts are wrong with brokers who have (or had) sunday candles. FxPro used to have them before August 2009. if a TL starts before this date, it will be wrong.

i'm with gomarkets, they don't have sunday candles and i have the TL around 5140 with a ~3pip difference across the TFs downto M5.
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  • #298,023
  • Jan 15, 2012 9:20am Jan 15, 2012 9:20am
Quoting MaryJane
you are right - TLs on daily charts are wrong with brokers who have (or had) sunday candles. FxPro used to have them before August 2009. if a TL starts before this date, it will be wrong.

i'm with gomarkets, they don't have sunday candles and i have the TL around 5140 with a ~3pip difference across the TFs downto M5.
thank you!
90% of traders use TA, indicators and prediction
  • #298,024
  • Jan 15, 2012 9:57am Jan 15, 2012 9:57am
Quoting _BBKing_
gosh, i came in to read who knows what?! at 6 in the morning.

i came in to look for something and i wrote all those things!

ops.
sorry!

QUALITY !

even in a state of drunkenness still telling the truth.
advising the conscious and no one protests.

this for standing applause
  • #298,025
  • Jan 15, 2012 10:01am Jan 15, 2012 10:01am
Quoting _BBKing_
thank you!
yep mt4 is cr@p when it comes to lines.. the problem is the X axis is not time but bars! the lower TL seems to be definitely somewhere between 5120 and 5150, not below 5100.. the attached is from netdania..

btw note how the right side of the broken upper line provided support during the slide since april last year.. currently around 1.50, this could be the weak long shakeout target before going up, but it would have to happen fast.
Attached Image (click to enlarge)
Click to Enlarge Name: gu_netdania.png Size: 31 KB
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  • #298,026
  • Edited 1:16pm Jan 15, 2012 10:52am | Edited 1:16pm
Just got time to see chart & possible next price action , bear seems continues down with ranging at the same time over great tl , sr down such as 5244, 5200 61.8 fic , 5168, tl approximately 5105 & 5064 real support with topside resistances immediately 5338 , next 5358 ,74 , 5412 where 5358 most important, not now time but next & next perhaps . huge ranges at bottom areas possible before break or bounce , likely down very strong from waves I see above .
fontu

eu analysis , ok as per , topside correction may be over as gu around
http://www.forexfactory.com/showthre...47#post5296547
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu4.gif Size: 10 KB
Click to Enlarge Name: gu5.gif Size: 9 KB
Click to Enlarge Name: gu3.gif Size: 13 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #298,027
  • Jan 15, 2012 11:02am Jan 15, 2012 11:02am
Quoting MaryJane
yep mt4 is cr@p when it comes to lines.. the problem is the X axis is not time but bars! the lower TL seems to be definitely somewhere between 5120 and 5150, not below 5100.. the attached is from netdania..

btw note how the right side of the broken upper line provided support during the slide since april last year.. currently around 1.50, this could be the weak long shakeout target before going up, but it would have to happen fast.

omg finally someone else having the same idea..thanks god its u
otherwise id be concerned..mind u we playing with fire
  • #298,028
  • Edited 12:17pm Jan 15, 2012 11:10am | Edited 12:17pm
Quoting gsantri
QUALITY !

even in a state of drunkenness still telling the truth.
advising the conscious and no one protests.

this for standing applause

got to hand it to him even while drunk..committed to forex, a man like this bound to make corn
Attached Image (click to enlarge)
Click to Enlarge Name: cable1.jpg Size: 79 KB
  • #298,029
  • Jan 15, 2012 12:39pm Jan 15, 2012 12:39pm
Quoting nAVIN2007
mind u we playing with fire
haha i would like it! a massive drop below the ascending TL, piercing the 1.5 mark, everyone and their dog jumping short big time, loser bulls closing there losses and then....the famous middle finger gesture http://www.ideasonretainer.com/wp-co...ddlefinger.gif

but the longer it takes to drop, the more skeptical i am. in addition to that, something fundamental (probably USD-wise) would have to happen.

it can unfold into full bear mode as well, after some shallow bounce.

time will tell. the beast is alive.
Attached Image (click to enlarge)
Click to Enlarge Name: premarket.png Size: 47 KB
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  • #298,030
  • Jan 15, 2012 12:39pm Jan 15, 2012 12:39pm
Quoting nAVIN2007
got to hand it to him even while drunk..committed to forex, a man like this bound to make corn
Ah shit , missed all the fun.
Is there any software expert who could give us an EA alert on this sort of fine cable thread behaviour? To my mobile plz...
(1x iboprufen + 1x paracetamol )
All systems of divination, like music itself,work through patterns.
  • #298,031
  • Jan 15, 2012 12:56pm Jan 15, 2012 12:56pm
Quoting kaspopsicle
Ah shit , missed all the fun.
Is there any software expert who could give us an EA alert on this sort of fine cable thread behaviour? To my mobile plz...
(1x iboprufen + 1x paracetamol )

1.52915 on xe.com

market is going to open lower and move down IMO
Money never sleeps...
  • #298,032
  • Jan 15, 2012 1:01pm Jan 15, 2012 1:01pm
Quoting inpatient
1.52915 on xe.com

market is going to open lower and move down IMO
What TF ? Chart plz.
All systems of divination, like music itself,work through patterns.
  • #298,033
  • Jan 15, 2012 1:01pm Jan 15, 2012 1:01pm
1.52880 now
Money never sleeps...
  • #298,034
  • Jan 15, 2012 1:01pm Jan 15, 2012 1:01pm
Quoting Flatfish
Staircase up elevator down. Typical bear flag action from cable. I mentioned that I prefer only to sell cable and play long by taking a short eur/gbp trade. US bank holiday Monday so who knows what games are planned. My basic plan still remains to sell.
I have a similar outlook and expect the trading range on Monday to be between 1.5230 - 1.5420. On the hourly, the 200EMA is around 1.5420 where I will be looking to short.

G/L everyone.
Attached Image (click to enlarge)
Click to Enlarge Name: GU Daily 15 01 11.png Size: 82 KB
  • #298,035
  • Jan 15, 2012 1:02pm Jan 15, 2012 1:02pm
Quoting kaspopsicle
What TF ? Chart plz.

www.xe.com
Money never sleeps...
  • #298,036
  • Jan 15, 2012 1:04pm Jan 15, 2012 1:04pm
Quoting inpatient
1.52915 on xe.com

market is going to open lower and move down IMO
a gap down is better than gap up in my view at least it may go up just to close the gap..

take it easy bro..meditate or something
  • #298,037
  • Jan 15, 2012 1:07pm Jan 15, 2012 1:07pm
Quoting nAVIN2007
a gap down is better than gap up in my view at least it may go up just to close the gap..

take it easy bro..meditate or something


Ommmmmmmmmmmm, im at one with both nature and the charts, ha
Money never sleeps...
  • #298,038
  • Jan 15, 2012 1:07pm Jan 15, 2012 1:07pm
got my hot soup and some more sleeping hours.
im 80% ok, lol!

thanks for all comments


meanwhile im also looking in xe.com interbank trades 2630 EU 5287 GU
i hope it will open above my stop loss line 5269
worst can also open above 5250.

what if will open below my entry? will fxpro close it in loss or will they close at the stop loss level?! mmm
90% of traders use TA, indicators and prediction
  • #298,039
  • Jan 15, 2012 1:13pm Jan 15, 2012 1:13pm
Quoting _BBKing_
got my hot soup and some more sleeping hours.
im 80% ok, lol!

thanks for all comments


meanwhile im also looking in xe.com interbank trades 2630 EU 5287 GU
i hope it will open above my stop loss line 5269
worst can also open above 5250.

what if will open below my entry? will fxpro close it in loss or will they close at the stop loss level?! mmm

stop loss dont trigger when market gap..but dont worry u will be ok..now way i can see this level not being tested (actually forget i say anything not like i got anything thing right lately)..lol
Quoting inpatient
Ommmmmmmmmmmm, im at one with both nature and the charts, ha
  • #298,040
  • Jan 15, 2012 1:15pm Jan 15, 2012 1:15pm
Quoting nAVIN2007
stop loss dont trigger when market gap..but dont worry u will be ok..now way i can see this level not being tested

correct, only when it actually moves through the range while tha market is open,

does this mean you could also remove a T/P @1.5250 if the market opens lower than this?
Money never sleeps...
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