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Cable Update (GBPUSD)

  • #300,801
  • Feb 16, 2012 3:24pm Feb 16, 2012 3:24pm
Quoting musani
Big move will comming in today
That is what im waitting from the price action
Attached Image (click to enlarge)
Click to Enlarge Name: 15min.gif Size: 30 KB
GELORE
  • #300,802
  • Feb 16, 2012 4:06pm Feb 16, 2012 4:06pm
Quoting _BBKing_
weekly candle could be very amazing if tomorrow closes above 5925!
would destroy everything!
I would love to see that too BB, might be a stretch though, a close above my 4hr TL would be enough for me right now, then look to reload next week, but will be an interesting Friday for sure. Loved your bullrider
Come with me if you want to live....
  • #300,803
  • Feb 16, 2012 6:45pm Feb 16, 2012 6:45pm
Quoting Ill-b-back
I would love to see that too BB, might be a stretch though, a close above my 4hr TL would be enough for me right now, then look to reload next week, but will be an interesting Friday for sure. Loved your bullrider
yes nice gif i like when i can post it
would like to post it every day till end of 2012 but... as we know, market always have the last word!
i have not TL from here nearest level to watch is something near 5850-5880.
was unbale to sleep so was looking charts to understand where i could see first real reaction and im seraching an exit level.
but the more i look chart the more i think she will go straight into 59 area before week closes. then after that she will take care about lines and levels etc going again in "tech mode" at beginning of new week. lets see.
90% of traders use TA, indicators and prediction
  • #300,804
  • Feb 16, 2012 6:55pm Feb 16, 2012 6:55pm
Quoting Ill-b-back
Hi Smikester, sorry, I was in bed nursing the baby when I read your post. I have attached my chart below including the support I have mentioned a number of times in previous posts. Have taken profit early before going to work.
Hi BB, here is the TL I am referring to. I hope this post works from my phone. I am not a tech head unfortunately, except when trading
Come with me if you want to live....
  • #300,805
  • Feb 16, 2012 6:57pm Feb 16, 2012 6:57pm
Quoting _BBKing_
yes nice gif i like when i can post it
would like to post it every day till end of 2012 but... as we know, market always have the last word!
i have not TL from here nearest level to watch is something near 5850-5880.
was unbale to sleep so was looking charts to understand where i could see first real reaction and im seraching an exit level.
but the more i look chart the more i think she will go straight into 59 area before week closes. then after that she will take care about lines and levels etc going again in "tech mode" at beginning...
See above bro
Come with me if you want to live....
  • #300,806
  • Feb 16, 2012 7:22pm Feb 16, 2012 7:22pm
Quoting Ill-b-back
See above bro
yes noticed but i prefere stay with horyzontal levels in this situation.
this because this strong power today will take profits at a price level, not at a line or something like that. and nearest is 5850-80 where i will carefully look if time to close or to hold for more.
price will take care about tech levels later!

just my opinion....
going back in bed, time to sleep!
good luck, bybye
90% of traders use TA, indicators and prediction
  • #300,807
  • Feb 16, 2012 7:34pm Feb 16, 2012 7:34pm
Quoting Tsar
Whitney Houston joined also...

let her rest in peace bro
I trade to live
  • #300,808
  • Feb 16, 2012 7:34pm Feb 16, 2012 7:34pm
Quoting Ill-b-back
And you're invited bro

ohhh noooo......
I trade to live
  • #300,809
  • Feb 16, 2012 7:57pm Feb 16, 2012 7:57pm
Quoting _BBKing_
weekly candle could be very amazing if tomorrow closes above 5925!
would destroy everything!
Hi _BBKing_,

I'd agree if the above Price 1.6104 as Fibo 161.8% :nerd:

Weekly Candle (still) too early to predict...
But in Daily Chart can be calculated more detail like this
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-02-13_ GU Daily Big.jpg Size: 254 KB
Always looking the GREAT, never left GOOD Point...
  • #300,810
  • Feb 16, 2012 8:31pm Feb 16, 2012 8:31pm
My medium - longer term outlook
Attached Image(s) (click to enlarge)
Click to Enlarge Name: trade.gif Size: 18 KB
Click to Enlarge Name: trade2.gif Size: 16 KB
Come with me if you want to live....
  • #300,811
  • Feb 16, 2012 8:38pm Feb 16, 2012 8:38pm
Bearish Bat Pattern in H4 Chart...

Potential Down to 1.5756 Daily Pivot Point / Lower 1.5747
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-02-17_Bearish Bat Pattern H4.jpg Size: 461 KB
Always looking the GREAT, never left GOOD Point...
  • #300,812
  • Edited 10:13pm Feb 16, 2012 8:48pm | Edited 10:13pm
Cable in H1 Chart...

Key Point is 1.5731
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-02-17_Cable in H1 Chart.jpg Size: 381 KB
Always looking the GREAT, never left GOOD Point...
  • #300,813
  • Feb 16, 2012 11:10pm Feb 16, 2012 11:10pm
Quoting Ill-b-back
Hi Smikester, sorry, I was in bed nursing the baby when I read your post. I have attached my chart below including the support I have mentioned a number of times in previous posts. Have taken profit early before going to work.
OMG...
A few days ago, I called you Brother
Always looking the GREAT, never left GOOD Point...
  • #300,814
  • Feb 16, 2012 11:49pm Feb 16, 2012 11:49pm
BUY GU 1.5802 and TP 1.5921
  • #300,815
  • Feb 16, 2012 11:54pm Feb 16, 2012 11:54pm
Quoting Tsar
Bearish Bat Pattern in H4 Chart...

Potential Down to 1.5756 Daily Pivot Point / Lower 1.5747
Key Point is 1.5731
Thanks for figures
Now I see them in my system
I confirm these are important points
  • #300,816
  • Edited 12:30am Feb 17, 2012 12:13am | Edited 12:30am
Quoting ijan112
BUY GU 1.5802 and TP 1.5921
Good call, just logged on to post the same. Quite strong resistance there at 5927, 4hr MACD very bullish past the signal line, daily MACD is still bearish so I personally expect price to stall at 5927 again before going flat, just my opinion.
Come with me if you want to live....
  • #300,817
  • Feb 17, 2012 12:27am Feb 17, 2012 12:27am
Quoting Ill-b-back
Good call, just logged on to post the same. Quite strong resistance there, 4hr MACD very bullish past the signal line, daily MACD is still bearish so I personally expect price to stall there again before going flat, just my opinion.
And the charts showing strong bullish 4 hr MACD on the 1 hr chart and the still bearish Daily MACD on the 4 hr chart. New horizontal Channel also
Attached Image(s) (click to enlarge)
Click to Enlarge Name: christmas trade32.gif Size: 16 KB
Click to Enlarge Name: christmas trade33.gif Size: 18 KB
Come with me if you want to live....
  • #300,818
  • Feb 17, 2012 12:34am Feb 17, 2012 12:34am
I guess it is against the general sentiment of this thread at present but I took a short last night at 5799, TP = 5699. Let us see what the market decides today. Overall, I have had a good week so if this trade works then it will be the icing on the cake.

G/L
  • #300,819
  • Feb 17, 2012 12:49am Feb 17, 2012 12:49am
Quoting Tsar
OMG...
A few days ago, I called you Brother
? I don't follow "brother". Good to feel part of the family though thank you again for your indies, very helpful thank you. Just noticed the 4 hr has turned bullish in line with the daily on your trend indi.
Come with me if you want to live....
  • #300,820
  • Feb 17, 2012 1:53am Feb 17, 2012 1:53am
Hi Ill-be-back!
Since you're very active here (and are very accurate too ), i would like to know whats a good entry point for a long today?
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