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Cable Update (GBPUSD)

  • #298,601
  • Jan 19, 2012 1:50am Jan 19, 2012 1:50am
Quoting Fudomyo
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.

nice analogy..
if price can see 1.5550 it should see 1.65 and perhaps beyond...getting ready for work now..have a good one people
  • #298,602
  • Jan 19, 2012 2:12am Jan 19, 2012 2:12am
crucial point,price touch 100SMA(H4)and also 50% fibonacci retaracement
very slow internet connection to post a chart
  • #298,603
  • Jan 19, 2012 2:15am Jan 19, 2012 2:15am
G/M

Yesterday's daily t/f bullish candle mirrors eurusd. Upside follow thru so far today after a pullback to 5414. Current Daily hi is at top of the prev 1hr sw lo zone/6 fib cluster to 5452. Yestrday's pip range just short of the 20day atr, subdued so far today at 31% of that.

To the immediate upside of current price;

[ 5435-52 6 fib cluster
[ 5447-52 prev minor 1hr sw lo x 2 zone
5456/60/62 fibs
5464 Weekly R1 @/around
5470 Daily R1 @/around
5478-87 prev 1hr sw hi zone incl 5480/81 = 2 x fibs
5490-5500 prev Dly/4hr/1hr sw hi zone
5503 50% 5774-5243
5510-24 prev 4hr/1hr sw hi zone incl 5513 = Daily R2 @/around and 5514 and 5521 = fibs
5530-40 descending 4hr t/line on this present 4hr candle
[ 5550-55 descending Daily/ 4hr t/line on this present 4hr candle
[ 5552 76.4% 5670-5234
5558/59 2 x fibs
5560 Monthly Pivot @/around
5567 61.8% 5774-5234
5574 38.2% 6130-5234
5582 76.4% 5690-5234
5585 Daily R3 @/around
5589 2 x fibs
5597 85.4% 5670-5234
5613-29 prev 4hr sw hi zone incl 5615 = Weekly R2 @/around and 5622 = 85.4% 5690-5234
5645 76.4% 5774-5234
5650-60-70 prev Dly/4hr swing hi zone incl 5662 = 50% 6091-5234
[ 5675-85 descending Daily t/line on this present 4hr candle
[ 5675-90 prev Dly/4hr sw hi zone incl 5681 = 50% 6130-5234

[ 5694-99 3 fib cluster
[ 5697-5707 prev 4hr sw hi zone
5710-24 prev 4hr sw hi zone
5730 Weekly R3 @/around
5743-74-78 prev Dly/4hr sw hi zone incl 5759 = Monthly R1 @/around and 5762 = 2 x fibs

To the immediate downside of current price per current 1hr screenshot below where DP is @/around 5406.

Bullsih so far intraday.

G/L

http://i43.tinypic.com/33fcd1h.jpg
ex member
  • #298,604
  • Jan 19, 2012 2:22am Jan 19, 2012 2:22am
Gbpusd closely correlated to eurusd...Saxo Bank predicting little strength in continued eurusd rally and a potential target of 1.20 by end of 1st Qtr ? Gbp likely to be stronger though ?

G/L
ex member
  • #298,605
  • Jan 19, 2012 2:33am Jan 19, 2012 2:33am
i wont be surprise if the price hit 1.564 tomorrow or next week
  • #298,606
  • Jan 19, 2012 2:36am Jan 19, 2012 2:36am
24 Hours of battling with support turned resistace at 15440-15454. Will be interesting to see where next candle forms...above or below this zone...or remain in the middle until news at 1.30 gmt
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (DFB).png Size: 7 KB
All systems of divination, like music itself,work through patterns.
  • #298,607
  • Jan 19, 2012 2:49am Jan 19, 2012 2:49am
holding....
TP 1 around 5493
TP 2 around 5557
just newbie predict
Attached Image (click to enlarge)
Click to Enlarge Name: 5557.jpg Size: 198 KB
  • #298,608
  • Jan 19, 2012 2:54am Jan 19, 2012 2:54am
the 14.6 fib falling at previous weekly low zones
also the 23.6 fib of the 1.6165 to low move.

Attached Image
  • #298,609
  • Jan 19, 2012 3:15am Jan 19, 2012 3:15am
Quoting wormboy
Hey bro how's it going
Yup 5450 sounds good to me, 5470 even better

Need to clear yesterday's hi (5402) first tho, that goes then we're in the money. 7 minutes to know if we'll get there!
Getting there. A lot of wood to chop tho, but ... will get there.
If price clears 5470, that'll open up the path towards the monthly pivot(5555).
But ... one thing at a time tho.

Good luck.
Attached Images
Thank You
  • #298,610
  • Jan 19, 2012 3:22am Jan 19, 2012 3:22am
Quoting Tiraje
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
This explains why I have always thought the GU was magnetized to the 61.8 retrace instead of the 50
Come with me if you want to live....
  • #298,611
  • Jan 19, 2012 3:26am Jan 19, 2012 3:26am
Quoting UbuFamily
oh god im confused
Down to 5390-54 then up to 55 IMO off to bed
Come with me if you want to live....
  • #298,612
  • Edited 3:41am Jan 19, 2012 3:27am | Edited 3:41am
Hi

Still u are holding the 1.5400&1.5373 buy limit orders,bro are you waiting for US News? pls
  • #298,613
  • Jan 19, 2012 3:45am Jan 19, 2012 3:45am
Quoting wormboy
Getting there. A lot of wood to chop tho, but ... will get there.
If price clears 5470, that'll open up the path towards the monthly pivot(5555).
But ... one thing at a time tho.

Good luck.
Thank you, Wormie...
All systems of divination, like music itself,work through patterns.
  • #298,614
  • Jan 19, 2012 4:26am Jan 19, 2012 4:26am
today i call me out!
good luck every one!!
90% of traders use TA, indicators and prediction
  • #298,615
  • Jan 19, 2012 4:57am Jan 19, 2012 4:57am
Hi, would like to find out from other traders, normally for withdrawal money will take how to reach to bank account? cause I submit for withdraw, already more than 1 week no respond from GCM International Ltd. Sick!!
  • #298,616
  • Jan 19, 2012 5:51am Jan 19, 2012 5:51am
Quoting kaspopsicle
Thank you, Wormie...
You're welcome

Quoting starlazer
Hi, would like to find out from other traders, normally for withdrawal money will take how to reach to bank account? cause I submit for withdraw, already more than 1 week no respond from GCM International Ltd. Sick!!
2-5 working days.

If you had made a withdrawal, contact your broker & present to them your copy of the withdrawal form that you submitted for them to check the transaction status.
Thank You
  • #298,617
  • Jan 19, 2012 5:54am Jan 19, 2012 5:54am
Quoting starlazer
Hi, would like to find out from other traders, normally for withdrawal money will take how to reach to bank account? cause I submit for withdraw, already more than 1 week no respond from GCM International Ltd. Sick!!
in what method do you request to withdraw your funds?bank-wire,e-transfer or by a merchant?
normally bank-wire transfer takes at least 7 working days
and e-transfer instantly
  • #298,618
  • Edited 6:40am Jan 19, 2012 6:18am | Edited 6:40am
still around , now limit goes to 5404( for scalping to 5423 pb & next down ) for bull move up towards 5501 with confirmatiopn now top over goes 5415 all very close levels & so very suspecious that 5404 actually can hold ., breaks correct the whole up move towards bottom range ( for scalping 5383 first stallation ) . gold doing correction down (next stop around 1650.60) but currencies not .
watching & doing for 5404 .
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu2.gif Size: 12 KB
Click to Enlarge Name: gu3.gif Size: 15 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #298,619
  • Jan 19, 2012 6:21am Jan 19, 2012 6:21am
Quoting PoundTrader
yes im short at 1.5437 t/p at 1.5360
  • #298,620
  • Jan 19, 2012 6:38am Jan 19, 2012 6:38am
Thank you for the reply, the funny thing is [email protected] and [email protected] never reply us not ever one, after more than 10 times email ask for assist. already check with IB Introducing Broker still can't help, now I don't know what to do? tension and under pressure
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