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Cable Update (GBPUSD)

  • #302,301
  • Mar 5, 2012 9:09am Mar 5, 2012 9:09am
obvious 50% retracement and broken former support at the red..
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  • #302,302
  • Mar 5, 2012 9:18am Mar 5, 2012 9:18am
wp at 1.5872 and 30 min below.
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  • #302,303
  • Mar 5, 2012 9:22am Mar 5, 2012 9:22am
Short @ 1.5865

#lets see it should drop or maybe a bit more upside tight stop
Losses to which we are accustomed affect us less deeply.
  • #302,304
  • Mar 5, 2012 9:36am Mar 5, 2012 9:36am
Quoting BossTrader
Short @ 1.5865

#lets see it should drop or maybe a bit more upside tight stop
me also went short near there @5862 but already closed... i don't like how she's moving, looks like can roar up any time.
i could be wrong, let's see.
90% of traders use TA, indicators and prediction
  • #302,305
  • Edited 9:55am Mar 5, 2012 9:36am | Edited 9:55am
Quoting Tsar
The Arrow launched, the Price 1.5787 as Foundation

BEARISH Trend still Stronger...
H1 Resistance & H4 Resistance would be so offended the Price moves further away.

Focus @ Chart and forgetten the News, Bro :nerd:
Out...
Confirm with Fibo 38.2% and Evening Star Sign H1.
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Always looking the GREAT, never left GOOD Point...
  • #302,306
  • Mar 5, 2012 9:51am Mar 5, 2012 9:51am
Quoting BossTrader
Short @ 1.5865

#lets see it should drop or maybe a bit more upside tight stop
exited b/e looks like we may see 1.5894
Losses to which we are accustomed affect us less deeply.
  • #302,307
  • Mar 5, 2012 9:51am Mar 5, 2012 9:51am
what a crazy market! was really long time i didn't trade on mondays... usually market is in slow motion mode on mondays but today looks like it is end of the week! hungry money
wow!
90% of traders use TA, indicators and prediction
  • #302,308
  • Mar 5, 2012 10:02am Mar 5, 2012 10:02am
Quoting BossTrader
exited b/e looks like we may see 1.5894
Play safety. And London Market's was Closed...
Always looking the GREAT, never left GOOD Point...
  • #302,309
  • Mar 5, 2012 10:04am Mar 5, 2012 10:04am
Certainly has been a bit of a wild one today.

My sell order was hit @ 1.58762. SL is at break even again. Lets see it reverse once more...
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  • #302,310
  • Mar 5, 2012 10:09am Mar 5, 2012 10:09am
Quoting _BBKing_
what a crazy market! was really long time i didn't trade on mondays... usually market is in slow motion mode on mondays but today looks like it is end of the week! hungry money
wow!
The Market always Holders Control...
Who knows when hanged his mind ?
Always looking the GREAT, never left GOOD Point...
  • #302,311
  • Mar 5, 2012 11:06am Mar 5, 2012 11:06am
Quoting Tsar
The Market always Holders Control...
Who knows when hanged his mind ?
yeah...
meanwhile i got some scalps down n up. still holding a long, maybe last position for today
90% of traders use TA, indicators and prediction
  • #302,312
  • Mar 5, 2012 11:16am Mar 5, 2012 11:16am
Hi all
I have come for a minute
I saw Tsar and Fubu discussed Fibo methods it was interesting
I want to show how I use the Fibo Channel
This tool allows to define (end of retracement) the entry moment in the market as alternative to the Classical Fibo. The position has been opened when the signal has been confirmed
Currently in LONG
Good luck!
Attached Image (click to enlarge)
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  • #302,313
  • Mar 5, 2012 11:18am Mar 5, 2012 11:18am
Quoting PskovFX
Hi all
I have come for a minute
I want to show how I use the Fibo Channel
This tool allows to define (end of retracement) the entry moment in the market as alternative to the Classical Fibo. The position has been opened when the signal has been confirmed
Currently in LONG
Good luck!
WOW. WTH. but it sure does lopk promising.
  • #302,314
  • Mar 5, 2012 12:15pm Mar 5, 2012 12:15pm
Quoting trader-tan
WOW. WTH. but it sure does lopk promising.
I am glad that it was pleasant to you
  • #302,315
  • Mar 5, 2012 12:29pm Mar 5, 2012 12:29pm
Went short @ 1,5862, SL 1,5880.

Wie got in the daily chart the 50 fib as resistance of last swing down and the 50 SMA (1hr timeframe) + intraday resistance @ 1,5878.
I think we will see it fall the next hours...
  • #302,316
  • Mar 5, 2012 2:03pm Mar 5, 2012 2:03pm
Quoting Tsar
Out...
Confirm with Fibo 38.2% and Evening Star Sign H1.
Nice one Tsar, out 5870 for some good pips . Tomorrow will be interesting. Looking for a break up towards 5990 or a head and shoulders.
Come with me if you want to live....
  • #302,317
  • Mar 5, 2012 2:44pm Mar 5, 2012 2:44pm
Quoting Ill-b-back
Nice one Tsar, out 5870 for some good pips . Tomorrow will be interesting. Looking for a break up towards 5990 or a head and shoulders.
im obviously for the first one!
was just looking now for an entry
hopefully asia will give one!
90% of traders use TA, indicators and prediction
  • #302,318
  • Mar 5, 2012 3:03pm Mar 5, 2012 3:03pm
Quoting _BBKing_
im obviously for the first one!
was just looking now for an entry
hopefully asia will give one!
I feel it's a hard call right now. The 30min 100sma is following my 1hr channel nicely. It is still quite steep and sitting on my 50 fib (drawn from the second highest recent 1hr peak). The 1hr 100sma is sitting right on the 61.8 fib. Maybe a retest of the 15min 100sma maybe a good entry if it gets there before reaching the 30min one. Personally, I am going to see if price enters the gap between the 30min and 1hr 100sma then play a breakout to the up or downside. But I am actually more concerned with holding onto today's profits. We have mixed bullish and bearish divergences on lower timeframes.
Come with me if you want to live....
  • #302,319
  • Mar 5, 2012 3:22pm Mar 5, 2012 3:22pm
This is my estimated outlook on the 15, 30 and 1hr TF's with the 100sma.
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Come with me if you want to live....
  • #302,320
  • Mar 5, 2012 3:44pm Mar 5, 2012 3:44pm
Quoting Ill-b-back
This is my estimated outlook on the 15, 30 and 1hr TF's with the 100sma.
yes i agree will not be so easy to take off and run... at least must clear the 5870 thing to go more up. but a move down would not be so good if below 5840. very tight range. what she should do is a straight move whole day up or nearly whole day. uhm way too much imo, but actually looks like that!
eheh
lets see
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