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Cable Update (GBPUSD)

  • #300,401
  • Feb 10, 2012 3:04am Feb 10, 2012 3:04am
Quoting mano940
i mainly follow only u Mr. ill b back, so im also hedging 0,5lot buy gu and opening 0.5 open.......putting hedging order tp to 1.5730......and now closing my laptop.......hopefully monday will be my day
The price has been going sideways for eight days? Why would you want to set a trade?

This is the sort of thing bbakker was trying to tell this thread.

Rookie traders? Beware of this dreamland.

I'm out of here...
Gone to a better place
  • #300,402
  • Feb 10, 2012 3:30am Feb 10, 2012 3:30am
G/M

Sell off from Wed's 5927 Hi (200sma - daily, 50% 6617-5234) has seen a low this morning of 5766 (23.6% 5234-5927) whee dermand has been encountered. price has seen a pullback Hi off that current daily lo of 5825 (50% 5884-5766.) 5830 area is the daily pivot.

Current near-term 1hr screenshot is below.

G/L
Attached Image
ex member
  • #300,403
  • Feb 10, 2012 3:33am Feb 10, 2012 3:33am
went long @24 hope it ends well best of luck guys
Trade what you see not what you hope
  • #300,404
  • Feb 10, 2012 3:40am Feb 10, 2012 3:40am
Immediately above the zone leading up to Wednesday's Hi/Current Weekly Hi - 5927 I see the following to the immediate upside.

Daily R1 is @/around 5869

in the area shown on 1hr pic above then that area leading to Weds's Hi:

5909-30 prev 4hr/1hr sw hi zone incl 5911 = Weekly R1 and Daily R2 @/around 5924 = 50% 6617-5234

then,

5946 76.4% 6165-5234
5960 Monthly R1 @/around
5961 Daily R3 @a/round
5966 85.4% 6091-5234
5986/89 2 x fibs incl 50% 6746-5234
5999 85.4% 6130-5234
6011 Weekly R2 @/around
[ 6030 85.4% 6165-5234
[ 60630-40 Wkly t/f descending t/line on this present Wkly candle
6073-92 incl 6087 = 61.8% 6617-5234
6103-15-30 prev Dly/4hr sw hi zone
6136-65 prev Wkly/Dly sw hi zone incl 6140 = Weekly R3 @/around, and 6158 = Monthly R2 @/around and 6163 = 76.4% 6454-5234

6167 61.8% 6746-5234
ex member
  • #300,405
  • Feb 10, 2012 3:41am Feb 10, 2012 3:41am
http://www.forexfactory.com/attachme...1&d=1328866800
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd2012021101.gif Size: 39 KB
  • #300,406
  • Feb 10, 2012 3:47am Feb 10, 2012 3:47am
http://clip2net.com/s/1zQHm

The above chart shows the entry points for GU after a bullish move H1 and today the entry point after a bearish move till the open of London market
  • #300,407
  • Feb 10, 2012 3:51am Feb 10, 2012 3:51am
Quoting meqdad
http://www.forexfactory.com/attachme...1&d=1328866800
Where you looking to close?
To live a successful life, we must lose our fear of being wrong
  • #300,408
  • Feb 10, 2012 4:06am Feb 10, 2012 4:06am
gone short target 1.5745
MMMYYYKKK
  • #300,409
  • Feb 10, 2012 4:16am Feb 10, 2012 4:16am
You hoping recent history might repeat ?

Hi so far today at 50% of the 5927-5766 move and probably @/around the descending 1hr t/line ?

Quoting myk
gone short target 1.5745
Attached Image
ex member
  • #300,410
  • Feb 10, 2012 4:28am Feb 10, 2012 4:28am
Quoting smikester
The chart is correct. I'll be back's chart keeps moving his lower trend line. Take a look and tell me what you think. Is it a channel?
You have my line confused with someone elses Smikster. If you check, that TL was posted by me nearly 4 weeks ago and has not changed. It may not be a correct TL (not yet confirmed) but it has never changed thank you.
Come with me if you want to live....
  • #300,411
  • Feb 10, 2012 4:29am Feb 10, 2012 4:29am
Test..scalping
SMA daily flat,hehe
Attached Image (click to enlarge)
Click to Enlarge Name: scalping.jpg Size: 155 KB
  • #300,412
  • Feb 10, 2012 4:31am Feb 10, 2012 4:31am
Quoting UbuFamily
hai bro, it is normal to be in a losing trade of 10-50 pips range...just tiny retracement in it..
It's not 10 pips I was concerned about Ubu. His SL was stated as 5780, and I was just pointing out that my thoughts were that it might go north from 5770. I imagine that would be a frustrating scenerio for him dude. Just arrived at the folks place so must go, can't be rude to them.
Come with me if you want to live....
  • #300,413
  • Feb 10, 2012 4:33am Feb 10, 2012 4:33am
closed the long for 15 pip profit and got in on a short closed with 12 pip profit pretty happy about regaining some losses from yesterday
Trade what you see not what you hope
  • #300,414
  • Feb 10, 2012 4:35am Feb 10, 2012 4:35am
Quoting smikester
Attachment
It has everything to do with it on the 4hr chart
Come with me if you want to live....
  • #300,415
  • Feb 10, 2012 4:47am Feb 10, 2012 4:47am
Quoting bbmac
You hoping recent history might repeat ?

Hi so far today at 50% of the 5927-5766 move and probably @/around the descending 1hr t/line ?
yup counting on this .
MMMYYYKKK
  • #300,416
  • Feb 10, 2012 4:53am Feb 10, 2012 4:53am
weekend half day rally conformed was to up side

whats next ? still this is unpredictable in my view point

http://i.imgur.com/Ioejc.png

stay around in yellow lines

http://i.imgur.com/LxW7d.png
-----------------
  • #300,417
  • Feb 10, 2012 4:56am Feb 10, 2012 4:56am
Quoting Ill-b-back
You have my line confused with someone elses Smikster. If you check, that TL was posted by me nearly 4 weeks ago and has not changed. It may not be a correct TL (not yet confirmed) but it has never changed thank you.
Sorry, I mean the "channel" has never changed, I confuse the terms sometimes.
Come with me if you want to live....
  • #300,418
  • Feb 10, 2012 5:08am Feb 10, 2012 5:08am
Quoting bbmac
You hoping recent history might repeat ?

Hi so far today at 50% of the 5927-5766 move and probably @/around the descending 1hr t/line ?
good morning bbmac
nice to see you around here

yes that whole area price will fight suplly.
lets see if able to breake up during ny to close daily/weekly above 5850

would be a great bullish meaning if this happens.
early to say now, better be careful!

good luck
90% of traders use TA, indicators and prediction
  • #300,419
  • Feb 10, 2012 5:47am Feb 10, 2012 5:47am
http://www.forexfactory.com/attachme...1&d=1328866800
Quoting EatPIPs
Where you looking to close?
tp 1 1.5840
if macd arrive 0.0
tp 2 1.5882
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd2012021102.gif Size: 35 KB
  • #300,420
  • Feb 10, 2012 5:49am Feb 10, 2012 5:49am
Quoting Ill-b-back
You have my line confused with someone elses Smikster. If you check, that TL was posted by me nearly 4 weeks ago and has not changed. It may not be a correct TL (not yet confirmed) but it has never changed thank you.
OK, sorry. I stand corrected. I actually went back through your charts to check why it was where it is and now I understand. Apologies.
Gone to a better place
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