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Cable Update (GBPUSD)

  • #298,641
  • Jan 19, 2012 9:58am Jan 19, 2012 9:58am
Quoting Fudomyo
that's why we keep our axes sharp!

WR1/R1 and counting.
Aye!
Feels like stealing this haha. Let's hope it flies straight to monthly (5555) for us. Fingers, legs, eyes, nuts all crossed
Attached Images
Thank You
  • #298,642
  • Jan 19, 2012 10:02am Jan 19, 2012 10:02am
got in with short 1.5486 and targeting 1.5410 STOPLOSS BE
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #298,643
  • Jan 19, 2012 10:05am Jan 19, 2012 10:05am
gu left for the 5501 at last , others not follow yet , may be gu to finish the wave up before the correction .
watching .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: gu3.gif Size: 9 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #298,644
  • Edited 10:56am Jan 19, 2012 10:24am | Edited 10:56am
Quoting wormboy
Aye!
Feels like stealing this haha. Let's hope it flies straight to monthly (5555) for us. Fingers, legs, eyes, nuts all crossed
when I cross my eyes the trendlines get all screwed up.

we hit the W H1 resistance area here, which may take a bit of work.
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  • #298,645
  • Jan 19, 2012 10:32am Jan 19, 2012 10:32am
Quoting wormboy
Aye!
Feels like stealing this haha. Let's hope it flies straight to monthly (5555) for us. Fingers, legs, eyes, nuts all crossed
I think if it wants to go to that level,it must first overcome 1.5486-1.5500 level
  • #298,646
  • Edited 11:15am Jan 19, 2012 10:43am | Edited 11:15am
uj jumps up as normal bounce or possible intervention BOJ & gold down some & still no help usdx yet , watching if eu, gu get a d top to halt , specially gu & correct.testing top , next if breaks 5470 again , top fix for now .will take advantage then .early sign 5478 breaks , may not hold though.broken 78. if 70 next breaks then still need confirmation at breaks 5456+4 for d top & last 5432 to go correction .
while gbpchf also jumed up but not holding up.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #298,647
  • Jan 19, 2012 10:49am Jan 19, 2012 10:49am
Glad ive hardly traded this week its hardly moved. Starting on monday i'll be doing this baby full time....
  • #298,648
  • Jan 19, 2012 11:41am Jan 19, 2012 11:41am
Quoting Fudomyo
when I cross my eyes the trendlines get all screwed up.

we hit the W H1 resistance area here, which may take a bit of work.
Agreed .. the nut crossing wasn't an entirely good idea either

Welp ... leaving this one alone & let it work itself out. Hopefully we get to cash in sometime this week. Later bro! Good luck!
Thank You
  • #298,649
  • Jan 19, 2012 12:37pm Jan 19, 2012 12:37pm
Quoting fontu
uj jumps up as normal bounce or possible intervention BOJ & gold down some & still no help usdx yet , watching if eu, gu get a d top to halt , specially gu & correct.testing top , next if breaks 5470 again , top fix for now .will take advantage then .early sign 5478 breaks , may not hold though.broken 78. if 70 next breaks then still need confirmation at breaks 5456+4 for d top & last 5432 to go correction .
while gbpchf also jumed up but not holding up.
fontu
Gu so failing top ok but still not a conformation first hand 5454 breaks anfd eu trying bull by that time & now watching it also fail with breaks 3931 & confirm with 3915 breaks . so that they both continue for correction down .

For gu 5404 may remain the limit for bull further & so will watch next day if stop before or breaks for full correction .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #298,650
  • Jan 19, 2012 1:12pm Jan 19, 2012 1:12pm
Quoting PoundTrader
this market has been slow since the new year.
Seems to me we are in a very squeezed market between strong support and a heap of ema resistance. We could b here quite a while.
Come with me if you want to live....
  • #298,651
  • Jan 19, 2012 1:50pm Jan 19, 2012 1:50pm
Quoting Ill-b-back
Seems to me we are in a very squeezed market between strong support and a heap of ema resistance. We could b here quite a while.

bit of a status Qou, im still hoping for a fall but i have managed to stay up through the night and trade my way to a slightly better position. Catching the swings from 1.546 to the 1.54775. By no means out of the woods yet but slightly better. Lesson learnt if i ever get out of this...

The longer this takes the less likely i feel it will break much over 1.55, and im thinking (maybe more hoping) we get a strong rebound from that number.
Money never sleeps...
  • #298,652
  • Jan 19, 2012 2:05pm Jan 19, 2012 2:05pm
Quoting inpatient
bit of a status Qou, im still hoping for a fall but i have managed to stay up through the night and trade my way to a slightly better position. Catching the swings from 1.546 to the 1.54775. By no means out of the woods yet but slightly better. Lesson learnt if i ever get out of this...

The longer this takes the less likely i feel it will break much over 1.55, and im thinking (maybe more hoping) we get a strong rebound from that number.
Looking like it could, but I would be waiting for a bearish break of the 1 hr TL to confirm. If that happens ( I really shouldn't say this ) but a bearish break from this 50fib level maybe good to short again. Well I will be shorting it anyway, but I don't have any positions open as I didn't get my London retrace for long entry. If you can hang in there I feel a drop is coming soon but def wait for 1hr TL break
Come with me if you want to live....
  • #298,653
  • Jan 19, 2012 2:22pm Jan 19, 2012 2:22pm
Quoting Ill-b-back
Looking like it could, but I would be waiting for a bearish break of the 1 hr TL to confirm. If that happens ( I really shouldn't say this ) but a bearish break from this 50fib level maybe good to short again. Well I will be shorting it anyway, but I don't have any positions open as I didn't get my London retrace for long entry. If you can hang in there I feel a drop is coming soon but def wait for 1hr TL break

patience for mr inpatient!!!

thanks for your perspective
Money never sleeps...
  • #298,654
  • Jan 19, 2012 2:30pm Jan 19, 2012 2:30pm
Quoting Ill-b-back
Looking like it could, but I would be waiting for a bearish break of the 1 hr TL to confirm. If that happens ( I really shouldn't say this ) but a bearish break from this 50fib level maybe good to short again. Well I will be shorting it anyway, but I don't have any positions open as I didn't get my London retrace for long entry. If you can hang in there I feel a drop is coming soon but def wait for 1hr TL break
This pair is at a nice place to short, but to me it seems he doesn't even want to retrace down, today and yesterday. As for gold did 'a big' retrace and might be ready to pop up again...
So my guess would indeed be to stay long at gu, but you never really know for sure.. Another +-100 pips up to the tl comming from december's high would be a good target then.
Anyway if it offers a short I'd be glad to take it.
Also, tomorrow there's retail numbers for uk with pos forcast,...

Cheers

S.
Old Habits Die Hard.
  • #298,655
  • Jan 19, 2012 2:42pm Jan 19, 2012 2:42pm
Quoting inpatient
bit of a status Qou, im still hoping for a fall but i have managed to stay up through the night and trade my way to a slightly better position. Catching the swings from 1.546 to the 1.54775. By no means out of the woods yet but slightly better. Lesson learnt if i ever get out of this...

The longer this takes the less likely i feel it will break much over 1.55, and im thinking (maybe more hoping) we get a strong rebound from that number.
Looking like it could, but I would be waiting for a bearish break of the 1 hr TL to confirm. If that happens ( I really shouldn't say this ) but a bearish break from this 50fib level maybe good to short again. Well I will be shorting it anyway, but I don't have any positions open as I didn't get my London retrace for long entry if you can hang in there I feel a drop is coming soon but def wait for 1hr TL break
Come with me if you want to live....
  • #298,656
  • Jan 19, 2012 2:47pm Jan 19, 2012 2:47pm
Quoting Shaggy_rock
This pair is at a nice place to short, but to me it seems he doesn't even want to retrace down, today and yesterday. As for gold did 'a big' retrace and might be ready to pop up again...
So my guess would indeed be to stay long at gu, but you never really know for sure.. Another +-100 pips up to the tl comming from december's high would be a good target then.
Anyway if it offers a short I'd be glad to take it.
Also, tomorrow there's retail numbers for uk with pos forcast,...

Cheers

S.
Sorry, my repeat post above was an accident, phone disconnection or something. Yeah, it doesn't seem to be in a strong bearish mood, but thought it might have reached 55 before I got up this morning. So will play the TL break south where ever it happens
Come with me if you want to live....
  • #298,657
  • Jan 19, 2012 2:50pm Jan 19, 2012 2:50pm
Quoting inpatient
patience for mr inpatient!!!

thanks for your perspective
Pleasure dude, good luck with this
Come with me if you want to live....
  • #298,658
  • Jan 19, 2012 4:26pm Jan 19, 2012 4:26pm

are there reasons to short GU n EU?
90% of traders use TA, indicators and prediction
  • #298,659
  • Jan 19, 2012 4:43pm Jan 19, 2012 4:43pm
Quoting PoundTrader
yes im short at 1.5437 t/p at 1.5360
new t/p 1.5358
  • #298,660
  • Jan 19, 2012 4:48pm Jan 19, 2012 4:48pm
Quoting PoundTrader
new t/p 1.5358
5360 to 5358, You're a funny bugga PT. I have faith in you but my system didn't signal a short yesterday at your call. I thought we were on the same page but maybe just the same book
Come with me if you want to live....
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