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Cable Update (GBPUSD)

  • #298,701
  • Jan 20, 2012 12:13am Jan 20, 2012 12:13am
If and when we get a 4hr close above the 200ema I am targeting the daily 60sma. If by some miracle we head back towards 54, looking to go long.
Come with me if you want to live....
  • #298,702
  • Jan 20, 2012 12:18am Jan 20, 2012 12:18am
cable my test 1.56 if it success to pass 1.5535
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  • #298,703
  • Jan 20, 2012 12:35am Jan 20, 2012 12:35am
I am actually buying now. I don't expect 55 to get the respect it deserves. SL 100 pips or break of the 1 hr channel south. TP daily 60sma
Come with me if you want to live....
  • #298,704
  • Jan 20, 2012 12:43am Jan 20, 2012 12:43am
Gu not left forever yet perhaps . 5501,12 breaks & back of for tanking still on the card5184 & low & so more time to see what doing actually , waves may not any hepl in mofu.5677 tl there but seems not possible with usdx break altogether , chance there .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #298,705
  • Jan 20, 2012 12:57am Jan 20, 2012 12:57am
Quoting fontu
Gu not left forever yet perhaps . 5501,12 breaks & back of for tanking still on the card5184 & low & so more time to see what doing actually , waves may not any hepl in mofu.5677 tl there but seems not possible with usdx break altogether , chance there .
fontu
wat is mofu?
  • #298,706
  • Jan 20, 2012 1:09am Jan 20, 2012 1:09am
Quoting poposick
wat is mofu?
mofu " a term used in trading described as a mofu was coined by Gatorinla. it is used to describe an area around the 50% mark of and distance in a trading pattern. this area is prone for turns or reversals"
me use it as extension of waves in some patterns or so .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #298,707
  • Jan 20, 2012 1:45am Jan 20, 2012 1:45am
seeing usdx , with whatever prospect all should care at , specially bull , it may start action next .
fontu
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Click to Enlarge Name: usd4.gif Size: 12 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #298,708
  • Jan 20, 2012 1:47am Jan 20, 2012 1:47am
Quoting Ill-b-back
I am actually buying now. I don't expect 55 to get the respect it deserves. SL 100 pips or break of the 1 hr channel south. TP daily 60sma
You are probably right. However, in the last 2-3 instances when it broke through the 4HR 200EMA line, it didn't go up that much. Bearing in mind, we are in an overall down channel, I will only consider going long at around the 1.5550 level.

Best of luck with your trades anyway.

PS: I am currently flat on Cable but have a short on EG. It will be good for me if GU outperforms EU.
  • #298,709
  • Jan 20, 2012 2:05am Jan 20, 2012 2:05am
weekly fib chart
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  • #298,710
  • Jan 20, 2012 2:05am Jan 20, 2012 2:05am
Quoting Rasi
You are probably right. However, in the last 2-3 instances when it broke through the 4HR 200EMA line, it didn't go up that much. Bearing in mind, we are in an overall down channel, I will only consider going long at around the 1.5550 level.

Best of luck with your trades anyway.

PS: I am currently flat on Cable but have a short on EG. It will be good for me if GU outperforms EU.
Yes that was my original plan, and is not my usual practice as I am a swing/day trader. If we get a 1 he TL break south, I will hedge down but momentum is still strong at this price point so I like the chances of only a small retrace from 55.
Come with me if you want to live....
  • #298,711
  • Jan 20, 2012 2:10am Jan 20, 2012 2:10am
Tokyo close then Retail Sales 1 hour later so some spikes here
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  • #298,712
  • Edited 7:36am Jan 20, 2012 2:13am | Edited 7:36am
Quoting fontu
seeing usdx , with whatever prospect all should care at , specially bull , it may start action next .
fontu
Lots more stops at top but at least broken mofu bottom to have the start usdx & eu , gu for next limit bull 5404 & 2808 tests due ( wish not care of ) , break or not , towards ok .wave/swing wise 5501 not broken gu , that is no booking for more up yet .
same levels break to see for gu tanking 5483/80,77 confirmation for 5459 to down confirm.last confirmation 5414 very close to limit for bull .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: usd4.gif Size: 10 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #298,713
  • Jan 20, 2012 2:13am Jan 20, 2012 2:13am
well
typical typica typical.

london opening is moving everything down.
they want to buy lower prices imo.....
90% of traders use TA, indicators and prediction
  • #298,714
  • Jan 20, 2012 2:19am Jan 20, 2012 2:19am
let the bull rest for awhile
  • #298,715
  • Jan 20, 2012 2:23am Jan 20, 2012 2:23am
Quoting MonsterPips
let the bull rest for awhile
yeah or forever , nobody knows !
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #298,716
  • Jan 20, 2012 2:32am Jan 20, 2012 2:32am
Quoting _BBKing_
well
typical typica typical.

london opening is moving everything down.
they want to buy lower prices imo.....
take a look at the weekly chart I posted. USDX hit 80.0.

5500 is 50% of the May 2010 low and May 2011 high, it won't go in one whack, so we should PB a bit or even reject here, have to take it one step at a time.

I'm short to the DP, take it from there.

Quoting Fudomyo
we hit the W H1 resistance area here, which may take a bit of work.
  • #298,717
  • Jan 20, 2012 2:42am Jan 20, 2012 2:42am
We got retail sales in about an hour- can't see the data will surprise to the upside. My current plan will be to try and fade a rally/ stop hunt over 1.55 As mentioned earlier 200ema on 4hr has been tough for cable to stay above and am not sure the bulls would be willing to hold over the weekend, still tight range for the week on cable.
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  • #298,718
  • Jan 20, 2012 2:44am Jan 20, 2012 2:44am
Quoting Fudomyo
take a look at the weekly chart I posted. USDX hit 80.0.

5500 is 50% of the May 2010 low and May 2011 high, it won't go in one whack, so we should PB a bit or even reject here, have to take it one step at a time.

I'm short to the DP, take it from there.
just remember retail sales should be higher especially with christmas season..
  • #298,719
  • Jan 20, 2012 2:50am Jan 20, 2012 2:50am
Quoting Fudomyo
take a look at the weekly chart I posted. USDX hit 80.0.

5500 is 50% of the May 2010 low and May 2011 high, it won't go in one whack, so we should PB a bit or even reject here, have to take it one step at a time.

I'm short to the DP, take it from there.

great chart!
actually im out of GU.... i wait a good level.
yes maybe DP but lets see what price tells!
i only want to take profits in my eu and au shorts..............................................................................................................................................................
90% of traders use TA, indicators and prediction
  • #298,720
  • Jan 20, 2012 3:22am Jan 20, 2012 3:22am
Quoting Rasi
You are probably right. However, in the last 2-3 instances when it broke through the 4HR 200EMA line, it didn't go up that much. Bearing in mind, we are in an overall down channel, I will only consider going long at around the 1.5550 level.

Best of luck with your trades anyway.

PS: I am currently flat on Cable but have a short on EG. It will be good for me if GU outperforms EU.
yes..i agree
at least it improved..should at least attempt the high
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