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Cable Update (GBPUSD)

  • #299,561
  • Jan 31, 2012 10:51am Jan 31, 2012 10:51am
Sell order @ 5793, catch another spike upwards before a crash down...
  • #299,562
  • Edited 12:05pm Jan 31, 2012 11:02am | Edited 12:05pm
Quoting _BBKing_
imo shorts are not for today.
ok i could be wrong, but please be careful guys!
i dont think we will close day below 5700.
every thing is possible but for what i see price jumps up fast of 20-30 pips at every move down and could be printing a bull flag.
meanwhile EU is tanking and EUR GBP below previous month low again......
regardless of end-month profit taking, positive sentiment will likely continue next month.

golden cross on S&P 500 ?
.
Attached Image (click to enlarge)
Click to Enlarge Name: spx-goldenX.png Size: 10 KB
  • #299,563
  • Jan 31, 2012 12:39pm Jan 31, 2012 12:39pm
With NFP and ISM, the following day is going to be no good for either bulls or bears. These days, weak US data seems to display an opposite reaction on the currency pairs.
  • #299,564
  • Jan 31, 2012 1:39pm Jan 31, 2012 1:39pm
next month 1.65 ladies
  • #299,565
  • Jan 31, 2012 1:41pm Jan 31, 2012 1:41pm
Quoting gsantri
regardless of end-month profit taking, positive sentiment will likely continue next month.

golden cross on S&P 500 ?
.
Selling Asian session, before loading up long again
Come with me if you want to live....
  • #299,566
  • Jan 31, 2012 1:44pm Jan 31, 2012 1:44pm
Quoting nAVIN2007
next month 1.65 ladies
Hope you're right brother, will take my account from micro to macro
Come with me if you want to live....
  • #299,567
  • Jan 31, 2012 1:46pm Jan 31, 2012 1:46pm
Quoting nAVIN2007
next month 1.65 ladies
How do you forecast your timing dude?
Come with me if you want to live....
  • #299,568
  • Jan 31, 2012 2:05pm Jan 31, 2012 2:05pm
Hello Ill-b-back, I'm new here in the forum, and I usually only read the staff comments, and especially what you write, because I think its fantastic and accurate knowledge. I would like to take this freedom, and ask a guess its because I have an order (Sell) open a long time in this pair, due to the EA that was using my account. I tried to keep this order so far, hedge and used a few times, but now she took a very large and may end up with my account.
Through his knowledge (which I admire) I wonder if even the G / U is going up and what limit? Advise me to do a hedge (buy) until the position? He would not stop now, because I have a slight feeling that the G / U may fall a little more and then I close this position (even negative).

I apologize for my English because I am Brazilian and I am using Google.

I thank any help you can offer me,

Hugs ..

Deivyn
  • #299,569
  • Jan 31, 2012 2:07pm Jan 31, 2012 2:07pm
The ultimate test is 15800 region. Price action below this means the pair is still bearish, if concisive break and close above that price, then bulls are in play. At the moment, the stronger signal is that GU will come crashing down.
  • #299,570
  • Jan 31, 2012 2:19pm Jan 31, 2012 2:19pm
Quoting gsantri
regardless of end-month profit taking, positive sentiment will likely continue next month.

golden cross on S&P 500 ?
.
yes look montlhy candle and setup in GU.....

i would really like to see a retrace near 55 this week but imo won't happen.
90% of traders use TA, indicators and prediction
  • #299,571
  • Jan 31, 2012 2:20pm Jan 31, 2012 2:20pm
Quoting mintfx
The ultimate test is 15800 region. Price action below this means the pair is still bearish, if concisive break and close above that price, then bulls are in play. At the moment, the stronger signal is that GU will come crashing down.
Come with me if you want to live....
  • #299,572
  • Jan 31, 2012 2:24pm Jan 31, 2012 2:24pm
Quoting Ill-b-back
How do you forecast your timing dude?

u cant i dont think u can, it could take anywhere from next month to 3 months but its on that i can forecast
Quoting Ill-b-back
Hope you're right brother, will take my account from micro to macro
so far its doing what it needed too
  • #299,573
  • Jan 31, 2012 2:27pm Jan 31, 2012 2:27pm
Personally, I'm not buying the shorts scenario just yet. We have broken thru a steep run of multi timeframe bearish TL's virtually without missing a beat. I think we could stick around here a little while so my RSI can take a breather, before we crack the whip north again. I just don't see any significant selling pressure anywhere, that's all.
Come with me if you want to live....
  • #299,574
  • Jan 31, 2012 2:31pm Jan 31, 2012 2:31pm
Quoting nAVIN2007
u cant i dont think u can, it could take anywhere from next month to 3 months but its on that i can forecast

so far its doing what it needed too
Sure is bro. 57 was my turning point to be honest.
Come with me if you want to live....
  • #299,575
  • Jan 31, 2012 2:32pm Jan 31, 2012 2:32pm
Quoting Ill-b-back
Sure is bro. 57 was my turning point to be honest.
Quoting nAVIN2007
I think the monthly will close higher than the previous, but hands are tied..lol
im just speculating as im still friggin long..lol

usd also doing what was suspected
that pretty good going for a change
  • #299,576
  • Jan 31, 2012 2:42pm Jan 31, 2012 2:42pm
Quoting nAVIN2007
that pretty good going for a change
Ha, ha, ha, yes, you must be feeling much better. Good to see you added to your long position earlier (I think) after I recommended you hedge short. #*^% what do I know eh. I think you have a few more troops on your side now off to work now
Come with me if you want to live....
  • #299,577
  • Jan 31, 2012 2:47pm Jan 31, 2012 2:47pm
Quoting Ill-b-back
Ha, ha, ha, yes, you must be feeling much better. Good to see you added to your long position earlier (I think) after I recommended you hedge short. #*^% what do I know eh. I think you have a few more troops on your side now off to work now
i didnt add to my position..so far i can tolerate the position and emotions attached to trading..i really didnt want to upset the balance..adding could add emotion..and also..market needs to show me..im thinking right,haha
  • #299,578
  • Jan 31, 2012 2:59pm Jan 31, 2012 2:59pm
Quoting nAVIN2007
i didnt add to my position..so far i can tolerate the position and emotions attached to trading..i really didnt want to upset the balance..adding could add emotion..and also..market needs to show me..im thinking right,haha
Ah ha, sorry I thought I saw a screenshot with a new long somewhere. No worries.
Come with me if you want to live....
  • #299,579
  • Jan 31, 2012 3:28pm Jan 31, 2012 3:28pm

Inserted Video
90% of traders use TA, indicators and prediction
  • #299,580
  • Jan 31, 2012 3:30pm Jan 31, 2012 3:30pm
yes the thrill is gone
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