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Cable Update (GBPUSD)

  • #298,081
  • Jan 16, 2012 4:23am Jan 16, 2012 4:23am
Im in. Target lower trendline
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Come with me if you want to live....
  • #298,082
  • Edited 5:15am Jan 16, 2012 4:35am | Edited 5:15am
eu 2640 ranging ok & gu also but still maintening shorts , short at any highs formula .so eu breaks that level & hold will continue short , gu corresponding 5297 & next level break 5255 to more down watch .gold watch ing breaks 1639+38 , bo .au 1.0270 Plus 250 to confirm .lets see who come first confirmation primary though , real one below the previous low & hold with H1,H4 close price .

If done ok then the next stop eu will take 2583/75 and gu 5207.if no great today.eu still trying cup & handle formation , may not success but doing it for .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #298,083
  • Jan 16, 2012 4:36am Jan 16, 2012 4:36am
Hello fellas,
Hope everyone had a good weekend, had a good one myself, calmed myself a bit and got my head screwed on right...
heres an analysis to update for you guys...
seems like we've established a daily trendline support going on with today being monday and US not being around, we might see a move up before the big down...
Big down limitations this time would be the re test of 5270 once again, 2nd attempt to test the lows. this time orders are gone so if we see some resisting force preventing it from falling hard the next move down, we might be ranging a bit or even gettina rare moment of retracement

Heres my projections
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  • #298,084
  • Jan 16, 2012 4:37am Jan 16, 2012 4:37am
Off to bed
Come with me if you want to live....
  • #298,085
  • Jan 16, 2012 4:49am Jan 16, 2012 4:49am
G/M,

Current 1hr chart below shows the near-term potential supp/res factors on this t/f. There are more fibs but these are plotted on the 4hr chart. You can see that the prev 1hr swing lo/hi zone caps the current upside with 38.2% 5487-5234 there and the previous 1hr swing lo zone and 50% of said 5234 - current pullback hi off that lo - 5328 caps the intraday downside...price in some consolidation then.

So, below current price:
5283-77 prev 1hr sw lo zone
5260-34 prev 4hr/1hr sw lo zone (Friday and last week's Lo)
5228 Monday's Daily S1 @/around
5198 Weekly S1 @/around
5189 61.8% 4225-6746
[ 5150-20 ascending Monthly/Weekly t/f trend line on this daily candle
[ 5148 Monthly S2 @/around
[ 5144 Monday's Daily S2
5083 Weekly S2 @/around
5034-4945 prev weekly sw lo zone incl 5017 Weekly R3 @/around and 4970 = Monday's Daily S3 @/around
4935 Monthly S3 @/around
4819/17 76.4% 4225-6746 / Weekly S3 @/around
4796 Monday's Daily S4
4593 85.4% 4225-6746
4551 Weekly S4 @/around

G/L

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ex member
  • #298,086
  • Jan 16, 2012 5:40am Jan 16, 2012 5:40am
Good day - back.

The only thing this consolidation period is good for - is for "resetting" your indicators so that you become confused... then off to the races.

2 nice shorts missed... what do they say? 3rd time lucky

Will see

Regards
  • #298,087
  • Edited 6:04am Jan 16, 2012 6:01am | Edited 6:04am
Did some more chart exploration.

Shorts are running out of time for me. We may have a flat day. So - will be looking for a bear trap now to start forming during the next few sessions.

EU is slightly more advanced in current formation - so I have partial confirmation ( should correlation be intact).I'm becoming a buyer soon..1.5250 will peak my interest.

Just opinion

Regards
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  • #298,088
  • Jan 16, 2012 6:15am Jan 16, 2012 6:15am
Quoting fx35
is it not too early to close your long? it gonna go up more.
hello sorry i was going sleep and came just now.
yes was possible more up but i was long since friday @52485 so i got those 50 pips. ok could have been some 20-30 more but when i woke up price was 5284 so to me, finally were 13pips less than my closing line.

nevermind if you see price can go bit more up or more down.... when you doubt about your trade, close immediatly!! i learnt this so many times in my skin!!

also my plan about GU is considering a more down this week.
if goes up, will have time to get it again and again
90% of traders use TA, indicators and prediction
  • #298,089
  • Jan 16, 2012 6:17am Jan 16, 2012 6:17am
Quoting TauTrader
.
Just opinion
.
nice balls.. where's the cannon ?
  • #298,090
  • Jan 16, 2012 6:32am Jan 16, 2012 6:32am
Quoting gsantri
nice balls.. where's the cannon ?
Good day to you,

It may be offensive to publish a pic of my cannon.... There are children on this forum...

Regards
  • #298,091
  • Jan 16, 2012 6:37am Jan 16, 2012 6:37am
Quoting TauTrader
Good day to you,

It may be offensive to publish a pic of my cannon.... There are children on this forum...

Regards
  • #298,092
  • Jan 16, 2012 6:57am Jan 16, 2012 6:57am
Hi everyone sorry for posting my trade this late. My trade for the day is a sell trade at 1.53146 Sl at 1.53646 and a Tp at 1.52146. Wishing everyone is making good money. The market is a bit to quiet for my trading but lets see what happens.

Enjoy your day

Take Care
  • #298,093
  • Jan 16, 2012 7:06am Jan 16, 2012 7:06am
scalp...
TP around 1.5329
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  • #298,094
  • Jan 16, 2012 7:14am Jan 16, 2012 7:14am
staggering , lets see if starts to bear or more turmoils .checking eu chart
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #298,095
  • Jan 16, 2012 7:23am Jan 16, 2012 7:23am
Quoting fontu
staggering , lets see if starts to bear or more turmoils .checking eu chart
fontu
Fontu,

Agree - close today @ 1.2640 or touch of this would be nice.

Regards
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  • #298,096
  • Edited 8:10am Jan 16, 2012 7:38am | Edited 8:10am
Quoting TauTrader
Fontu,

Agree - close today @ 1.2640 or touch of this would be nice.

Regards
ok but as that level in smaller moves in smaller tf may not stay for day long & close should up some or down to tl at least expecting , touch ok again & again if .
the ghost of gap filling to more tight keeping it back again & again or the offending cup & handle !!

unattended market may doing it's own whatever wants to !! Monday hangs over with US close .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #298,097
  • Jan 16, 2012 7:48am Jan 16, 2012 7:48am
Quoting fontu
ok but as that level in smaller moves in smaller tf may not stay for day long & close should up some or down to tl at least expecting , touch ok again & again if .
the ghost of gap filling to more tight keeping it back again & again or the offending cup & handle !!

unattended market may have doing it's own whatever wants to !! Monday hangs over with US close .
fontu
Mr.F-

OK - no touchy touchy if. Then touch tomorrow by. Shit o.

I wish I could understand you properly

It drives me crazy!

Time for a drink...

Warm regards
  • #298,098
  • Jan 16, 2012 7:49am Jan 16, 2012 7:49am
Quoting fontu
ok but as that level in smaller moves in smaller tf may not stay for day long & close should up some or down to tl at least expecting , touch ok again & again if .
the ghost of gap filling to more tight keeping it back again & again or the offending cup & handle !!

unattended market may have doing it's own whatever wants to !! Monday hangs over with US close .
fontu

staggering is the perfect word!!
price very closed near 2680 going no up no down.
fibo say 23% of recent move from 2880 to 2620.

same staggering in GU.
no flows no moves for what i can see.
maybe later later during Draghi's speaking we will know something more about ECB's ideas after recent downgrades...
90% of traders use TA, indicators and prediction
  • #298,099
  • Jan 16, 2012 8:04am Jan 16, 2012 8:04am
i also have a kind of plan in EU
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90% of traders use TA, indicators and prediction
  • #298,100
  • Jan 16, 2012 8:12am Jan 16, 2012 8:12am
Quoting _BBKing_
staggering is the perfect word!!
price very closed near 2680 going no up no down.
fibo say 23% of recent move from 2880 to 2620.

same staggering in GU.
no flows no moves for what i can see.
maybe later later during Draghi's speaking we will know something more about ECB's ideas after recent downgrades...
Since we are discussing Eu - seldom do I see divergence like this. Price is held up. Friggin' clever dudes. Placing sell for the hell of it. Entry short @ 1.26720..... watch 60 bars on the 15min EU chart wiped in the space of 3 or 4 bars.

Opinion.

Gmff.

Regards
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