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Cable Update (GBPUSD)

  • #298,661
  • Jan 19, 2012 4:49pm Jan 19, 2012 4:49pm
Quoting PoundTrader
new t/p 1.5358
imo we see no significant retrace before 3040 and 5550 or 5560.
90% of traders use TA, indicators and prediction
  • #298,662
  • Jan 19, 2012 4:51pm Jan 19, 2012 4:51pm
Quoting Ill-b-back
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
just have to wait and see
  • #298,663
  • Jan 19, 2012 4:58pm Jan 19, 2012 4:58pm
Quoting PoundTrader
just have to wait and see
Yep, I don't doubt your calls, I just found the 2 pips difference in TP's a little funny
Come with me if you want to live....
  • #298,664
  • Jan 19, 2012 5:04pm Jan 19, 2012 5:04pm
Quoting PoundTrader
just have to wait and see
sorry just a question:
how much time do you expect before you reach your target?
and mostly, how much drawdown are you thinking to give it?
don't you think is possible a move to 5550 ? means more than 130 pips drawdown......
90% of traders use TA, indicators and prediction
  • #298,665
  • Jan 19, 2012 5:09pm Jan 19, 2012 5:09pm
Quoting _BBKing_

are there reasons to short GU n EU?

1. EU is approaching the 200 EMA around 129800 region (4H). There could be a bounce (hopefully).

2. GU is approaching the 200 EMA (4H) and could bounce off it.

3. EG is near its previous resistance area (few more pips required).

4. Its Friday tomorrow (and also a double witching day).

5. There will be some weekly profit taking.

Good luck.
  • #298,666
  • Jan 19, 2012 5:12pm Jan 19, 2012 5:12pm
Quoting PoundTrader
just have to wait and see
Hey dude, I have reading some material that if/when Europe and more specifically Americas debt completely blows up and lenders are no where to be found, we could find ourselves with a single world currency. If this happens, do you think currency trading will dissapear?
Come with me if you want to live....
  • #298,667
  • Jan 19, 2012 5:21pm Jan 19, 2012 5:21pm
Quoting Ill-b-back
, do you think currency trading will dissapear?
Nah we always got bitcoins

Shorting area for me the 200ema and 50% around 1.5517, price action still squeezing higher
Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 127 KB
  • #298,668
  • Jan 19, 2012 5:24pm Jan 19, 2012 5:24pm
Quoting _BBKing_
sorry just a question:
how much time do you expect before you reach your target?
and mostly, how much drawdown are you thinking to give it?
don't you think is possible a move to 5550 ? means more than 130 pips drawdown......
never ride another man jockstrap
  • #298,669
  • Jan 19, 2012 5:31pm Jan 19, 2012 5:31pm
Quoting Flatfish
Nah we always got bitcoins

Shorting area for me the 200ema and 50% around 1.5517, price action still squeezing higher
Yes, same thoughts. Targeting the 55ema?
Come with me if you want to live....
  • #298,670
  • Jan 19, 2012 5:35pm Jan 19, 2012 5:35pm
Quoting Rasi
1. EU is approaching the 200 EMA around 129800 region (4H). There could be a bounce (hopefully).

2. GU is approaching the 200 EMA (4H) and could bounce off it.

3. EG is near its previous resistance area (few more pips required).

4. Its Friday tomorrow (and also a double witching day).

5. There will be some weekly profit taking.

Good luck.
hello,
ok for the emas i didnt notice it since i dont have them anymore in my charts.....
personally i will re-start considering shorts if/when price will go out of that uptrend

unless any other kind of signal will appear but actually price suggest not to short, even if we are top-in at upper band of that channel.

i think is very possible a lateral in a tight range then a shoot up!
would not be the first time it does.


same in eu..... look similar channel.... price got out of it and imo is going re-test that forgotten white line.
pure random it appears to be going to touch it near 3030 supply area at the beginning of the year.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 101 KB
Click to Enlarge Name: eu.jpg Size: 84 KB
90% of traders use TA, indicators and prediction
  • #298,671
  • Jan 19, 2012 5:36pm Jan 19, 2012 5:36pm
Quoting PoundTrader
never ride another man jockstrap
Shouldn't that be never wear another mans jockstrap? Or never ride another mans horse? Or never ride another mans horse wearing another mans jockstrap or...pirate another mans ship wearing another pirates parrot? Work is slow today
Come with me if you want to live....
  • #298,672
  • Jan 19, 2012 5:38pm Jan 19, 2012 5:38pm
Quoting Ill-b-back
Yes, same thoughts. Targeting the 55ema?
Like the idea of a test of 1.54 since it proved tough to break on the way up- butt the 55 is around that area.
  • #298,673
  • Jan 19, 2012 5:50pm Jan 19, 2012 5:50pm
Quoting adianto
Attachment
Intraday Pivot: 1.53836

Short Area: 1.53701
Intraday S1: 1.53482
Yesterday Low: 1.53263
Short Target 1: 1.52873
Short Target 2: 1.52633

Long Area: 1.53971
Intraday R1: 1.54190
Yesterday High: 1.54409
Long Target 1: 1.54799
Long Target 2: 1.55039

Note: Apply These Levels with your own forex system.
Long Target 1 @ 1.54799 Touched...
  • #298,674
  • Jan 19, 2012 5:51pm Jan 19, 2012 5:51pm
Quoting Flatfish
Like the idea of a test of 1.54 since it proved tough to break on the way up- butt the 55 is around that area.
Yes, I think it is from memory. Thanks Flat Fish
Come with me if you want to live....
  • #298,675
  • Jan 19, 2012 5:57pm Jan 19, 2012 5:57pm
Quoting Ill-b-back
Shouldn't that be never wear another mans jockstrap? Or never ride another mans horse? Or never ride another mans horse wearing another mans jockstrap or...pirate another mans ship wearing another pirates parrot? Work is slow today
either way
  • #298,676
  • Jan 19, 2012 6:01pm Jan 19, 2012 6:01pm
Quoting Flatfish
Like the idea of a test of 1.54 since it proved tough to break on the way up- butt the 55 is around that area.
Actually, I am very interested in a retest of the 4hr 60sma if we get a bearish break of the 1hr trendline.
Come with me if you want to live....
  • #298,677
  • Jan 19, 2012 6:17pm Jan 19, 2012 6:17pm
http://www.forexfactory.com/showthre...66#post5307466


Here was my outlook from last night.....a 70 pip move up....we hit that today. Also from the above post....anyone know how inpaitient made out? Did he blowup?

Hope not......

Check out the link above.
I don't trust any move - when you have profit...take it.
  • #298,678
  • Jan 19, 2012 6:20pm Jan 19, 2012 6:20pm
Quoting Faller
http://www.forexfactory.com/showthre...66#post5307466


Here was my outlook from last night.....a 70 pip move up....we hit that today. Also from the above post....anyone know how inpaitient made out? Did he blowup?

Hope not......

Check out the link above.
No dude, we are nursing him thru. WE ARE HERE FOR BRO (if you can hear me). Although I am down just a little this month so I hope I can be of service
Come with me if you want to live....
  • #298,679
  • Jan 19, 2012 6:38pm Jan 19, 2012 6:38pm
Quoting Ill-b-back
Hey dude, I have reading some material that if/when Europe and more specifically Americas debt completely blows up and lenders are no where to be found, we could find ourselves with a single world currency. If this happens, do you think currency trading will dissapear?
Single currency? Hardly. But in next few decades, probably people will trades Renminbi, Rubel, Rupee, Rupiah...
  • #298,680
  • Jan 19, 2012 6:47pm Jan 19, 2012 6:47pm
Quoting Donny_aw
Single currency? Hardly. But in next few decades, probably people will trades Renminbi, Rubel, Rupee, Rupiah...
Yeah probably, or maybe swap coconuts for soybeans. Either way my GU trading system will be finished
Come with me if you want to live....
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