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Cable Update (GBPUSD)

  • #302,661
  • Mar 8, 2012 3:31am Mar 8, 2012 3:31am
Quoting bbmac
G/M

Double bottom now on cable 4hr and daily as yesterday's very subdued pip range resulted in a bullish IB candle and some upside follow thru so far today.

@ yesterday's lo the 38.2% 5234-5991 with 85.4% 5637-5991, and tested now @ the current daily hi is 38.2% 5991-5695.

1hr in an uptrend then .

To the immediate up and downside per near-term current 1hr screenshot below. 5828 is above = Daily R3 @/around, price has already moved upside of Daily R1 and Daily R2.

Uk data/announce at 12pm gmt.





G/L
All appreciate ur post, thanks man
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #302,662
  • Mar 8, 2012 3:36am Mar 8, 2012 3:36am
Quoting bguguen
Anyone interested to short GBPUSD at 1.5800 now??
Jesus... glad i didnt short that fucker.... trendline resistance saying i should short but had this feeling in my guts that it didnt feel right... fuck my life forex will get me killed someday lol...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #302,663
  • Mar 8, 2012 3:37am Mar 8, 2012 3:37am
PO triggered @ 5815, its the area of the bottom of the cloud from ichimoku point of view in 4h.. i'll hold this position as long as the price below 5850..
  • #302,664
  • Mar 8, 2012 3:43am Mar 8, 2012 3:43am
Quoting bguguen
Jesus... glad i didnt short that fucker.... trendline resistance saying i should short but had this feeling in my guts that it didnt feel right... fuck my life forex will get me killed someday lol...

lol..to be honest its to be expected..one thing i have come to see in forex is..u simply arent going to get it easy!!..one way or other the market will somehow create doubt..leaving u in a position where if u dont trust yourself u will either second guess yourself and exit, early and curse after

looking at weekly it was a support..monthly previous also was creating buyers at the support..its becomes a coin toss as to whether it will hold or not..but chances of holding are higher if u look at the picture..
  • #302,665
  • Mar 8, 2012 3:45am Mar 8, 2012 3:45am
Quoting bguguen
Jesus... glad i didnt short that fucker.... trendline resistance saying i should short but had this feeling in my guts that it didnt feel right... fuck my life forex will get me killed someday lol...
Well said man.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #302,666
  • Mar 8, 2012 3:46am Mar 8, 2012 3:46am
Hi, Thank you - hope they are useful.
--------------------------------------

50% 5964-5695 / Daily R3 @ the current Daily Hi - strong move up off 5723 and price @ 100% of the now lessened in recent times 20 day atr.

t/f's to 1hr in opa uptrend, 4hr has printed a H above last LH now.

G/L

Quoting Zircon
All appreciate ur post, thanks man
ex member
  • #302,667
  • Mar 8, 2012 3:47am Mar 8, 2012 3:47am
Quoting nAVIN2007
lol..to be honest its to be expected..one thing i have come to see in forex is..u simply arent going to get it easy!!..one way or other the market will somehow create doubt..leaving u in a position where if u dont trust yourself u will either second guess yourself and exit, early and curse after

looking at weekly it was a support..monthly previous also was creating buyers at the support..its becomes a coin toss as to whether it will hold or not..but chances of holding are higher if u look at the picture..
Yea btw... thats the reason why i didnt short... i did however say to myself a break of 1.5660 on GBPUSD would open the way to 1.5450 and 5210 downside... obviously 5660 held up pretty well...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #302,668
  • Mar 8, 2012 3:50am Mar 8, 2012 3:50am
Quoting Tsar
She moving Down...
Found Bearish Engulfing, Doji and Hammer in H1 Chart... But in H4 nothing.

Be Careful... Cable will Zig Zag Play off.
It really Not Good.
To be TRUE today....
Always looking the GREAT, never left GOOD Point...
  • #302,669
  • Mar 8, 2012 3:51am Mar 8, 2012 3:51am
Quoting bguguen
Yea btw... thats the reason why i didnt short... i did however say to myself a break of 1.5660 on GBPUSD would open the way to 1.5450 and 5210 downside... obviously 5660 held up pretty well...

  • #302,670
  • Mar 8, 2012 3:52am Mar 8, 2012 3:52am
Quoting Tsar
To be TRUE today....
i hope so too...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #302,671
  • Mar 8, 2012 4:00am Mar 8, 2012 4:00am
Quoting bguguen
Jesus... glad i didnt short that fucker.... trendline resistance saying i should short but had this feeling in my guts that it didnt feel right... fuck my life forex will get me killed someday lol...
I'm plan Short too...
Waiting Good Signal for Setup, almost...

How about Greece ? I think...
Always looking the GREAT, never left GOOD Point...
  • #302,672
  • Mar 8, 2012 4:04am Mar 8, 2012 4:04am
Quoting gsantri
.
60% closed
.
Attached Image (click to enlarge)
Click to Enlarge Name: gu-0803c.gif Size: 10 KB
  • #302,673
  • Mar 8, 2012 4:16am Mar 8, 2012 4:16am
Quoting gsantri
60% closed
.
Congrat, Bro

I'm waiting 6 Hours for Short. Didn't get anything...
Always looking the GREAT, never left GOOD Point...
  • #302,674
  • Mar 8, 2012 4:22am Mar 8, 2012 4:22am
scalping...
Attached Image (click to enlarge)
Click to Enlarge Name: guscalping.jpg Size: 111 KB
  • #302,675
  • Mar 8, 2012 4:26am Mar 8, 2012 4:26am
Okay fellas... im having a theory here...

if we close below H4 trend line as seen in this pic... i reckon this would be an intraday bearish signal... bearing no news that is...

5800 is quite the S/R region as you can see circled in yellow...

Dont be alarmed if this thing falls back to 1.57 bearing bad news....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.gif Size: 19 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #302,676
  • Mar 8, 2012 4:46am Mar 8, 2012 4:46am
Can any guy told me why it going down now?
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #302,677
  • Mar 8, 2012 4:51am Mar 8, 2012 4:51am
price pulls back off 50% 5964-5695/Daily R3...hidden div building in 5min osc's.

G/L
Attached Image
ex member
  • #302,678
  • Mar 8, 2012 4:51am Mar 8, 2012 4:51am
Quoting Zircon
Can any guy told me why it going down now?
Because theres no reason for the GBPUSD to go up today.... an action right now without any news has a reaction....

besides china is seen selling at 1.5820...

also the drive up was to trigger the Buy Stop at 1.5800-1.5820, its a stop hunt... with all those buy stops triggered now the big banks can let the GBPUSD fall so that they screw these people who got tricked into entering long at 1.5800 at the daily top... besides i loaded short at 1.5830...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #302,679
  • Mar 8, 2012 4:52am Mar 8, 2012 4:52am
Quoting Zircon
Can any guy told me why it going down now?
Retesting resistance turned support at 58.
Massaging a clients foot right now
Come with me if you want to live....
  • #302,680
  • Mar 8, 2012 4:53am Mar 8, 2012 4:53am
Quoting Zircon
Can any guy told me why it going down now?
No but this chart shows another level with fib and resistance. How are we going to trade this inside bar?

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd120308h12.gif Size: 34 KB


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