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Cable Update (GBPUSD)

  • #298,761
  • Jan 20, 2012 12:09pm Jan 20, 2012 12:09pm
Quoting _BBKing_
talking about reversed H&S??!
i think the one shown below explains better where we are going next week!
I guess it's like nAV said, "stage 1"
Come with me if you want to live....
  • #298,762
  • Jan 20, 2012 12:23pm Jan 20, 2012 12:23pm
Quoting Hgslv
Good afternoon,
i'm trying to pick a possible top,
sell limit 1.555, seeing this,
criticism is welcome

Attachment
WHAT!!! and miss my target by 5pips?? Don't you dare. Just kidding dude. 61.8 retrace us around 64ish. I think your target is a little optimistic though. It seems we have started a bull run. See members recent charts
Come with me if you want to live....
  • #298,763
  • Jan 20, 2012 12:38pm Jan 20, 2012 12:38pm
yes be careful shorting......
ok maybe next week a sit near 5500-5480 is possible but.... who knwos where will close today?

silver is going to the moon took the space shuttle.
lets see if gold follows

euro is waiting for what? definetly a stupid pair imo!
90% of traders use TA, indicators and prediction
  • #298,764
  • Jan 20, 2012 12:53pm Jan 20, 2012 12:53pm
Quoting Faller
What I posted a couple of nights ago....this is not my chart....I just made changes to another members chart. He was bearish....I pointed out the slanted inverted head and shoulders pattern......hope all had good pips on this run!

Cheers....Faller.
Mr Bull, what is your prediction for the fight with mr Bear? PAIN!!!
Come with me if you want to live....
  • #298,765
  • Jan 20, 2012 1:09pm Jan 20, 2012 1:09pm
i see price 5545
wasn't it 5540 a supply level?!
surely not strong as i supposed it to be!
90% of traders use TA, indicators and prediction
  • #298,766
  • Jan 20, 2012 1:10pm Jan 20, 2012 1:10pm
market virtually dead , no movement only limited ranging . short keeing with few pips sl , at 5560 with tp only 38.2% fibs gu above 5424 . may even loose this trade , can't rely upon usd now , no bone in it now .
eu may take over 50% 2809 .
bo there usdx for a small channel but need bo bigger one 80.35 , otherwise may further tank to daily tf great bear continue to even death signals at 79.89.84,79,50. 79.20 confirm death for next revive level 76.83!! or down continue .
lets see if it can continue bull or not next week .
trade well all . a bad week .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #298,767
  • Jan 20, 2012 1:12pm Jan 20, 2012 1:12pm
5568 is my target.
  • #298,768
  • Jan 20, 2012 1:13pm Jan 20, 2012 1:13pm
Thank you for all your hindsights
i did not see that hs, that was a good call
however i'm not willing to be bullish seeing the recent history.
For fundamentals, i have read austerity and devaluation are the path
to manage debt.
I realized i made a mistake in my entry, so R:R even better, if it does go down 1.525 is a possibility so 1.53 is cautious?

Attached Image (click to enlarge)
Click to Enlarge Name: gud2.gif Size: 18 KB
  • #298,769
  • Jan 20, 2012 1:30pm Jan 20, 2012 1:30pm
Where is a flash crash when you need one eh???
  • #298,770
  • Jan 20, 2012 1:33pm Jan 20, 2012 1:33pm
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.
Didn't have the courage to pull the trigger on cable but my EG short came really good, thanks to the strength of the GBP. Now a few issues have cleared up, next week should be relatively easy.

Have a great weekend everyone .
  • #298,771
  • Jan 20, 2012 1:47pm Jan 20, 2012 1:47pm
Quoting Rasi
Didn't have the courage to pull the trigger on cable but my EG short came really good, thanks to the strength of the GBP. Now a few issues have cleared up, next week should be relatively easy.

Have a great weekend everyone .

i wish u entered..u have good reasoning and insight
well done regardless
  • #298,772
  • Jan 20, 2012 1:52pm Jan 20, 2012 1:52pm
Quoting Faller
What I posted a couple of nights ago....this is not my chart....I just made changes to another members chart. He was bearish....I pointed out the slanted inverted head and shoulders pattern......hope all had good pips on this run!

Cheers....Faller.

amended chart..showing what i see
b4 i went to work there was a trap..4hr bearish bar..was a descent signal..how many shorted that?? moves lke this i like cause it tells me direction market wants..not following the PA is a good signal of where the real trend is

lets see what happens next week..ideally need monthly high to get taken out then..i will feel happy
Attached Image (click to enlarge)
Click to Enlarge Name: chart3.png Size: 48 KB
  • #298,773
  • Jan 20, 2012 2:13pm Jan 20, 2012 2:13pm
Quoting nAVIN2007
amended chart..showing what i see
b4 i went to work there was a trap..4hr bearish bar..was a descent signal..how many shorted that?? moves lke this i like cause it tells me direction market wants..not following the PA is a good signal of where the real trend is

lets see what happens next week..ideally need monthly high to get taken out then..i will feel happy
Looks bullish to me, daily candle pushing up through resistance.
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.
  • #298,774
  • Jan 20, 2012 2:19pm Jan 20, 2012 2:19pm
Quoting kaspopsicle
Looks bullish to me, daily candle pushing up through resistance.
never know with this market..my long term picture of 1.65 -1.66 still stands
  • #298,775
  • Jan 20, 2012 2:23pm Jan 20, 2012 2:23pm
The bull is back! dollar going do the dumpster
  • #298,776
  • Jan 20, 2012 2:30pm Jan 20, 2012 2:30pm
Quoting nAVIN2007
never know with this market..my long term picture of 1.65 -1.66 still stands
nAV, I have calculated your hourly pay rate thus far for this trade based on your entry, target, and assuming we get there, and it comes to approx 0.0000000000000013 pips/hour. You need a trading pay rise my friend, you deserve more
Come with me if you want to live....
  • #298,777
  • Jan 20, 2012 2:40pm Jan 20, 2012 2:40pm
I have posted an interesting book in my Trading journal.

Some of you might have it, others may not.

http://www.forexfactory.com/showthre...=333276&page=8

You can see the ebook... "Forex cheat sheet"

It have nice info about GBPUSD.

By the way.. I got +52 pips from a GBPUSD long trade . My journal will show that trade.

Have a nice weekend
I am the one and only profitable forex trader, but not the only one
  • #298,778
  • Jan 20, 2012 2:41pm Jan 20, 2012 2:41pm
Quoting Ill-b-back
nAV, I have calculated your hourly pay rate thus far for this trade based on your entry, target, and assuming we get there, and it comes to approx 0.0000000000000013 pips/hour. You need a trading pay rise my friend, you deserve more

this trade was me..is the making of me in trading..everything relly on it..if it goes well..im looking to make at least 20k a year from trading and i will be able to do it!!! if i live through this

this trades will mean i ended april to april assuming it ends b4 that profitable and will really help make it happen..this is damn impt trade for me..goes wrong im not profitable..last piece of puzzle..just hope it fits..1.65 is conservative..
it has every chance..the tradde could also go very right and give me 50% increase
  • #298,779
  • Jan 20, 2012 2:41pm Jan 20, 2012 2:41pm
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
Bingo, patience paid. Bout bloody time too, clearing position here for profit.
Attached Images
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  • #298,780
  • Jan 20, 2012 2:43pm Jan 20, 2012 2:43pm
All the nut twisting makin' me move like Jagger.

Kthanksbye enjoy the weekend



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