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Cable Update (GBPUSD)

  • #298,061
  • Jan 15, 2012 5:00pm Jan 15, 2012 5:00pm
Quoting Ill-b-back
Yes, each to their own I agree. By 3 yrs ago I was meaning at the lowest price base of the GFC way back when. Not at charts so cannot confirm date etc. it's just that back then banks were in dire trouble, now whole countries are in dire trouble. We have been at this support zone a few times in the last few years, and never got higher than the 50percent retrace. I'm just wondering why should we clear it this time when it seems fear had only increased significantly in that time with the Euro crisis, downgraded and USA downgraded for the first time....
as i've been told many a time "you think too much"...just look at the charts.
However...remember that Uk is a semi eur free, semi usd free zone and its economy is based to a large degree on finance. Cable therefore retains far greater independence in movement.
Oh, gawd someones bound to jump on my head now...
All systems of divination, like music itself,work through patterns.
  • #298,062
  • Jan 15, 2012 5:09pm Jan 15, 2012 5:09pm
Quoting kaspopsicle
as i've been told many a time "you think too much"...just look at the charts.
However...remember that Uk is a semi eur free, semi usd free zone and its economy is based to a large degree on finance. Cable therefore retains far greater independence in movement.
Oh, gawd someones bound to jump on my head now...
Hmm, I think too much and it seems some people are talking to much just kidding guys who ever you are. You are not by any means the first. It's just that a good FF friend of ours holding a long position got me think about the whole situation. He has a plan so confident all will be ok. Since I trade TL's I nearly always know where my SL will be soo not familiar with trading styles that allow for Significant drawdown and subsequent recovery plans etc. it's just been in my head a lot the last few weeks. Peace and fortune to all
Come with me if you want to live....
  • #298,063
  • Jan 15, 2012 5:20pm Jan 15, 2012 5:20pm
Quoting _BBKing_
yes it is possible a move below actual main TL.
on the breaking of it, should be good shorting to 1.48 1.47.

time will tell! lets see if this week price goes testing it and if a reaction comes
i tried pm'ing you but it wont work so i'll have to go public on this
Thank you.
All systems of divination, like music itself,work through patterns.
  • #298,064
  • Jan 15, 2012 5:26pm Jan 15, 2012 5:26pm
to close or not to close my long?!
uff.....

ok. out 5297.
its anyway a nice 50 pips profits and i have a lot of more better levels to reload. also good short opportunities, so no hurry!

i let market to run for a while. everything looks like right in a middle of something.

good luck you all
90% of traders use TA, indicators and prediction
  • #298,065
  • Jan 15, 2012 5:31pm Jan 15, 2012 5:31pm
Quoting kaspopsicle
i tried pm'ing you but it wont work so i'll have to go public on this
Thank you.
90% of traders use TA, indicators and prediction
  • #298,066
  • Jan 15, 2012 5:34pm Jan 15, 2012 5:34pm
hope to ee it to test closing the gap now
Bismillah
  • #298,067
  • Jan 15, 2012 6:44pm Jan 15, 2012 6:44pm
Quoting _BBKing_
to close or not to close my long?!
uff.....

ok. out 5297.
its anyway a nice 50 pips profits and i have a lot of more better levels to reload. also good short opportunities, so no hurry!

i let market to run for a while. everything looks like right in a middle of something.

good luck you all
is it not too early to close your long? it gonna go up more.
  • #298,068
  • Edited Jan 16, 2012 1:06am Jan 15, 2012 9:40pm | Edited Jan 16, 2012 1:06am
Morning , then a good start the week with a gap down & not yet corrected.bottom playing ok smaller tf , no crush so far & hence more correction likely with frankie & Londonboy.s to the best to look for the short or what .
checking from home still & ok wait , no hurry .
forget my own analyses ,rechecking it again and a chart here .

http://www.forexfactory.com/showthre...47#post5296347

eu , similar > if no crush & follow gu then good correction up towards 2761 became due & if so then certainly wean gu towards 5371 before fall or so.
gold still up, want some low back ache like me to start limping gait for the time.

thanks ,fontu

Too sleepy this morning . gbpchf correcting enough & continued but short as test lot continued , that chf may be trying some intervention or just bounce over the support action .
so some pending short may be ok to see next , or at times .
scalping long should not any bad option to stay away from sleep with a cup of black tea. so doing , eu specially 2681 min need for gap filling & correction as high as 2761 possible and gu at 5322 & may up 5338 or up , ok .
only watch if any big candle down in action , crush all & come back alone .
That is gap filling even may not important in that case , one H1 candle posing now & that not like to , eu still space above but gu may not .
Attached Image (click to enlarge)
Click to Enlarge Name: gu4.gif Size: 14 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #298,069
  • Jan 16, 2012 1:06am Jan 16, 2012 1:06am
Quoting TauTrader
Good day to you,

Finished my studies and will be trading the following setup this coming week...

I believe we are in an area of distribution as to start trading higher over the next coming days. I will be looking to short one last time around these levels ( 1.5350 to 1.5380). I am looking at 1.5359 ( the low of last month) or 1.5374 ( the low of last week) as possible entries short.Will then close out lower to start building a long position.

This may entail multiple entries - depending on what discount is offered.

As target - I will look...
Good day to you,

Price is holding and I am still looking for a quick short a bit higher up. At what price, I will only know when we get there and PA shows itself.

Regards
  • #298,070
  • Jan 16, 2012 1:10am Jan 16, 2012 1:10am
Shorting 5335, SL above last swing higj
Come with me if you want to live....
  • #298,071
  • Edited 1:40am Jan 16, 2012 1:24am | Edited 1:40am
Quoting Ill-b-back
Shorting 5335, SL above last swing higj
ok , scalping long gu tp at gap filling , eu still to & more up there to do so, au also near filling & so they may wait for eu with ranging if not up more , gu there also above 5338 are 58,74 level care , if above 38 then may short from highs . so London open & action waiting .
Tandency down intact & yet no any short taken or activated . and scalping as fast riskless type & to stay away sleep with no intention & hange on gap filling , eu .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #298,072
  • Jan 16, 2012 1:41am Jan 16, 2012 1:41am
Quoting TauTrader
Good day to you,

Price is holding and I am still looking for a quick short a bit higher up. At what price, I will only know when we get there and PA shows itself.

Regards
Well, seems I have missed it. Onto the next then. Hope there is another opportunity to go short.

Regards
  • #298,073
  • Jan 16, 2012 2:08am Jan 16, 2012 2:08am
Quoting TauTrader
Well, seems I have missed it. Onto the next then. Hope there is another opportunity to go short.

Regards
Hope so from eu , au prospects & scalping long continues but may not more time next .not below gu 5297 .
au around gap gfilling & eu not that far 2681 . readying for close longs & short start .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #298,074
  • Jan 16, 2012 2:11am Jan 16, 2012 2:11am
Quoting fontu
Hope so from eu , au prospects & scalping long continues but may not more time next .
fontu
Good day,

these gaps messes with my mind. I never trade them, but they are an irritation. Will probably short GU when EU gap closes

Regards
  • #298,075
  • Edited 2:38am Jan 16, 2012 2:20am | Edited 2:38am
Quoting TauTrader
Good day,

these gaps messes with my mind. I never trade them, but they are an irritation. Will probably short GU when EU gap closes

Regards
True but they work perfect most time , not actually know if a gap or not . but people say no gap occurs in forex , never bilieved that .
anyway doing what see only , not care about though . so just fill it will start the short test first & next will wait if more > a cup & handle as bullish pattern may work for more correction , scalping shorts may work for 2640 around .
.only 10 pips to take action .
au may be below 1.0327 also .
gu short signal with bo ok at 5297 for only 5277,71 or 55 to see . scalping .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #298,076
  • Jan 16, 2012 2:59am Jan 16, 2012 2:59am
Quoting TauTrader
Good day,

these gaps messes with my mind. I never trade them, but they are an irritation. Will probably short GU when EU gap closes

Regards
Good day,

First short only brought 10 pips.

standing aside to enter short AGAIN - but would like 1.5335 to 1.5350...

Will see

Regards
  • #298,077
  • Jan 16, 2012 3:08am Jan 16, 2012 3:08am
I trade to live
  • #298,078
  • Jan 16, 2012 3:20am Jan 16, 2012 3:20am
Will wait to see which way PA will go. My guess is south, but will wait....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m15jan16.png Size: 50 KB
  • #298,079
  • Edited 3:36am Jan 16, 2012 3:25am | Edited 3:36am
Connection lost at this cretical time & see eu scalping long tp & started short there at & above & others , scalping at first , corresponding eu above 2640 & decide next . May more up this Monday .lets see next from home.
taking gaps filled in all ladies now , may not that tight though !
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #298,080
  • Jan 16, 2012 3:39am Jan 16, 2012 3:39am
Ok - have to run for a meeting.. so placed sell limit @ 1.5340 and 1.5355. Will see if it works.

See later
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