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Cable Update (GBPUSD)

  • #298,581
  • Jan 18, 2012 9:27pm Jan 18, 2012 9:27pm
Quoting Ill-b-back
I think it is just because of yesterdays late bullish run? It's setting up a London retrace. Do you still expect to create new lows from this point? Momentum is against you.
no.. I think its becoz obama r having a lunch with beyonce.. thats why..
  • #298,582
  • Edited 11:40pm Jan 18, 2012 9:36pm | Edited 11:40pm
Morning , the defeated party should not have any choice , once done is done & so gu pa may stands like this , impulse up continue as a or abc correction to have that impulse next time . may be first ,why wait for abc & stagger ? all downgrades together with possible reccession & all defaults may work better than the other party , suddenly comes up though .

limit down for immediate bull 5386, next target to hit 5501 ( usdx continue tank below 80.52 ) and after it done with limit down goes to 5403 for next target break 5550.
anyway if breaks the first limit 5386 ( usdx taking corrective bull above 80.52) then abc correction & ranging down probable with reach to bottom or near so ok .

Note : checking usdx , with breaks 80.52 was life threatning and can end the bull but rechecking now it as primary indication of the failure ok and before final breaks , bull still intact & can do with great strength also .so great turmoil or ranging may actually in action possible . see usdx chart .
so play both sides with extreme care still as all risky & uncertain .No winner confirmed so far .
lets see
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu2.gif Size: 14 KB
Click to Enlarge Name: usd4.gif Size: 14 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #298,583
  • Jan 18, 2012 9:37pm Jan 18, 2012 9:37pm
Quoting bumapatria
what on earth happened with those orders?
hedge 10 lot sell 5 buy = 5 sell

holding
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  • #298,584
  • Jan 18, 2012 9:55pm Jan 18, 2012 9:55pm
lower TF intraday, we may test the DP at the Daily LTL area we broke through yesterday before a move up (that's my near PB target) But if the DP goes, then we test yesterday's low S1 next. Right now we're just consolidating around the open with 5420 holding the bottom, so not a lot to trade until Frankie. (topside, looking for W H1 5500/R2 area above WR1).

(better chart. last one had the top cut off)
Attached Image (click to enlarge)
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  • #298,585
  • Jan 18, 2012 10:02pm Jan 18, 2012 10:02pm
Sounds like we are on exactly the same page. Buy orders are in at 54 and 5373 as per previous post
Come with me if you want to live....
  • #298,586
  • Jan 19, 2012 12:26am Jan 19, 2012 12:26am
Quoting Ill-b-back
very small risk here
hi
sorry I'm meddling but don't you think the fibonacci you've drawn must be from 1.5770 instead of 1.5668?clear me if i'm wrong
  • #298,587
  • Jan 19, 2012 12:45am Jan 19, 2012 12:45am
Quoting Ill-b-back
Just some dampness/rotting in our building structure. Really sucks as it is really expensive to treat. Will have to empty my account to pay for it unfortunately. Good time to change brokers actually as mine sucks. A bit like throwing out old stuff when you move I guess.
dont worry bro..trading will pay for it longer term..baby need warmth
  • #298,588
  • Jan 19, 2012 12:45am Jan 19, 2012 12:45am
oh god im confused
I trade to live
  • #298,589
  • Jan 19, 2012 12:47am Jan 19, 2012 12:47am
Quoting Faller
Hello Nav.....

Here is a good reason that USD could drop....but the charts already say it....look at the daily USDX....rolling over. But here is the news.....

House of Representatives has votes for symbolic disapproval of debt-limit increase
amazing huh..thanks bro

Quoting UbuFamily
oh god im confused
dont worry world is too
  • #298,590
  • Jan 19, 2012 12:50am Jan 19, 2012 12:50am
i placed 4 choices here, bet (4h)

1,

http://i.imgur.com/AKl6u.png

2,

http://i.imgur.com/QIxtP.png

3,

http://i.imgur.com/oNKld.png

4,

http://i.imgur.com/VUOpx.png
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  • #298,591
  • Jan 19, 2012 1:02am Jan 19, 2012 1:02am
remember the good old days when London open used to do something besides flop around in a 40 pip range?

I'm out of here.

GL w/ your trades everyone.
  • #298,592
  • Edited 1:27am Jan 19, 2012 1:15am | Edited 1:27am
Loss not means that no right to correct any more usdx or others won continue bull without any correction ? this attempt up should kill the bull for now in others & invite bull or correction up whatever in usdx .this can be fully confirmed by usdx breaks 80.58 breaks up( gu below 5414 next if ) . breaks down 80.32 confirm down continue more & bull others .
waiting . anyway still in bear zone gu , eu .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: usd4.gif Size: 9 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #298,593
  • Jan 19, 2012 1:16am Jan 19, 2012 1:16am
Quoting Fudomyo
remember the good old days when London open used to do something besides flop around in a 40 pip range?

I'm out of here.

GL w/ your trades everyone.

I dont think it will go anywhere..most likely waiting for confirmation about ecomony..its setting itself up for news dependant confirmation, happening next week..if it shows ecomony grew..1.65 is where it will head..i think
  • #298,594
  • Jan 19, 2012 1:20am Jan 19, 2012 1:20am
Quoting nAVIN2007
I dont think it will go anywhere..most likely waiting for confirmation about ecomony..its setting itself up for news dependant
we had the 80.31 support test on usdx now and EU challenging 2900 resistance. so it's set to drop a bit here. but you're right, until we see the US unemployment numbers, not expecting a lot.
  • #298,595
  • Jan 19, 2012 1:22am Jan 19, 2012 1:22am
Quoting Fudomyo
we had the 80.31 support test on usdx now and EU challenging 2900 resistance. so it's set to drop a bit here.

bloody market

60 pips to take out weekly high..question is will the mofo do it
  • #298,596
  • Jan 19, 2012 1:23am Jan 19, 2012 1:23am
Been hard to trade cable this week. Weekly analysis suggested shorts were likely to be easiest trades to take, but so far this grinding higher has given no real decent entry. Playing with 100 ema on 4 hr, 200 ema has been strong resistence. Don't really want to get long here, but no short entry confirmed, so planning to fade rally to 1.55-1.5520 or short if 4hr turns bearish under 100ema.
Attached Image (click to enlarge)
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  • #298,597
  • Jan 19, 2012 1:29am Jan 19, 2012 1:29am
Quoting nAVIN2007
bloody market

60 pips to take out weekly high..question is will the mofo do it
A lot's going to depend on the outcome of the Greek debt swap talks. If they reach an accord, we could see a nice move.
  • #298,598
  • Jan 19, 2012 1:34am Jan 19, 2012 1:34am
Quoting Fudomyo
http://www.forexfactory.com/newreply...eply&p=5305595

5445 8/8 is close enough.



nice.

it's the way I'm doing it at the moment too while we're sorting direction. right now if I can take 30 pips a day to cover expenses, I'm happy. (no pressure and more time to play! )

when we look at where we are, it's the break or reverse area on a few instruments.
Excellent advice, thank you ! Have a great day
All systems of divination, like music itself,work through patterns.
  • #298,599
  • Jan 19, 2012 1:46am Jan 19, 2012 1:46am
Quoting nAVIN2007
dont worry world is too

world is too...? wat bro?? lol
I trade to live
  • #298,600
  • Jan 19, 2012 1:48am Jan 19, 2012 1:48am
Quoting kaspopsicle
Have a great day
you too!

we may be forming a longer term bottom (which is like trying to turn an aircraft carrier).

they usually take time.


off for a bit before NY.
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