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Cable Update (GBPUSD)

  • #303,041
  • Mar 9, 2012 9:31am Mar 9, 2012 9:31am
Quoting A-speculator
forget it and move on mate.. let's focus on trading.. as you can see, price rejected quite heavily at about the support level, but i think that is just people covering short, until we see consolidation at the support level, it is still too early to decide on longs.. imho.
dont get fooled mate... like any big moves you get these sort of look a like rejections happens mid way and stuff... looks to me theres more to drop...
and after a bit of reinspection... i realised... after 1.57 broke... theres actually no support at 1.56, theres no fib there...

as you can see... 1.57 was a fib support... the next one is ACTUALLY 1.5610, not 1.5660...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.gif Size: 14 KB


im inclined to agree with flatfish with his analysis now... its a battle now to see if 1.57 holds or not...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,042
  • Mar 9, 2012 9:38am Mar 9, 2012 9:38am
I'm done...
Enough for this Trade. Just for Info, Cable reach at Daily support Now.

Green Pips & Happy Weekend for All
Always looking the GREAT, never left GOOD Point...
  • #303,043
  • Mar 9, 2012 9:39am Mar 9, 2012 9:39am
Quoting bguguen
dont get fooled mate... like any big moves you get these sort of look a like rejections happens mid way and stuff... looks to me theres more to drop...
and after a bit of reinspection... i realised... after 1.57 broke... theres actually no support at 1.56, theres no fib there...

as you can see... 1.57 was a fib support... the next one is ACTUALLY 1.5610, not 1.5660...
Attachment

im inclined to agree with flatfish with his analysis now... its a battle now to see if 1.57 holds or not...
as i said, we trade what we believe in, and i believe that 5650 area will give some support to the price, we might not get below it today and only might get below it later on Monday/early Tuesday next week..

Maybe i'm wrong, but i just trade what i see.. i don't assume things..
  • #303,044
  • Mar 9, 2012 9:44am Mar 9, 2012 9:44am
Quoting Zircon
No comment
Finally... Thank's so much.

Wise Green Pips for you
Always looking the GREAT, never left GOOD Point...
  • #303,045
  • Mar 9, 2012 9:45am Mar 9, 2012 9:45am
Quoting Tsar
I'm done...
Enough for this Trade. Just for Info, Cable reach at Daily support Now.

Green Pips & Happy Weekend for All
nice mate.. good job..
  • #303,046
  • Mar 9, 2012 9:49am Mar 9, 2012 9:49am
scalping
and out...good luck all!
Attached Image (click to enlarge)
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  • #303,047
  • Mar 9, 2012 9:51am Mar 9, 2012 9:51am
Quoting honeybhi
4hr bearish......

1.5752 and 1.5680
This weeks targets done.

Chart for learning purpose only.

Have a great weekend all.
Attached Image (click to enlarge)
Click to Enlarge Name: guw.jpg Size: 94 KB
  • #303,048
  • Mar 9, 2012 9:54am Mar 9, 2012 9:54am
Quoting Ill-b-back
  • #303,049
  • Mar 9, 2012 10:08am Mar 9, 2012 10:08am
i've cleared my position manually.. trying small long at 5685 where my stop at 5640..

just a test position..
  • #303,050
  • Mar 9, 2012 10:10am Mar 9, 2012 10:10am
Quoting A-speculator
i've cleared my position manually.. trying small long at 5685 where my stop at 5640..

just a test position..
Also trying a small long right here.
  • #303,051
  • Mar 9, 2012 10:11am Mar 9, 2012 10:11am
Quoting 2+2=4ex
Also trying a small long right here.
it's actually a not so bright idea you know to long when 4h candles are very bearish.. we really got balls.. ahahaha
  • #303,052
  • Mar 9, 2012 10:14am Mar 9, 2012 10:14am
Quoting A-speculator
hey mate.. long time no see.. how's life mate? it's really been a while huh..

any new discoveries that worth sharing?
Life is treating me well, thanks for asking. Now I remember, we go back a long way. Well a fairly new discovery is that I can trade - lol... But by my posts you might not believe me... You should be getting the hang of it by now?

It's a funny thing, most of my discoveries have been to do with refining entries and mtf studies to refine exits and I suppose that is what trading is all about.
Gone to a better place
  • #303,053
  • Mar 9, 2012 10:16am Mar 9, 2012 10:16am
Quoting smikester
Life is treating me well, thanks for asking. Now I remember, we go back a long way. Well a fairly new discovery is that I can trade - lol... But by my posts you might not believe me... You should be getting the hang of it by now?

It's a funny thing, most of my discoveries have been to do with refining entries and mtf studies to refine exits and I suppose that is what trading is all about.
currently i am working on gann time by degrees.. really haven't been able to figure it all yet but slowly i'm making progress.. it's a bit hard as i can say, not like conventional trading analysis..
  • #303,054
  • Mar 9, 2012 10:21am Mar 9, 2012 10:21am
Quoting A-speculator
it's actually a not so bright idea you know to long when 4h candles are very bearish.. we really got balls.. ahahaha
There has been some support at this level before. I'm also thinking that I'll close it in a few hours anyway being it's friday, but yea if you look back at just the last few hours it does look like a crazy trade to take, lol.
  • #303,055
  • Mar 9, 2012 10:32am Mar 9, 2012 10:32am
Quoting A-speculator
currently i am working on gann time by degrees.. really haven't been able to figure it all yet but slowly i'm making progress.. it's a bit hard as i can say, not like conventional trading analysis..
I was having a bit of fun with those earlier today. What a coincidence! Anyway I watch the price behaviour round Donchian Channels these days. I am always amazed at how many ways there are to trade accurately. Anyway this is an interesting link: http://www.forexfactory.com/showthre...93#post4236093
Gone to a better place
  • #303,056
  • Mar 9, 2012 10:37am Mar 9, 2012 10:37am
Quoting A-speculator
it's actually a not so bright idea you know to long when 4h candles are very bearish.. we really got balls.. ahahaha
1.5650 is an important support level but judging by how quiet it's gone we may slip through without a fuss.. Or maybe give the late comers something to short off on Monday.
Gone to a better place
  • #303,057
  • Mar 9, 2012 10:42am Mar 9, 2012 10:42am
Quoting smikester
1.5650 is an important support level but judging by how quiet it's gone we may slip through without a fuss.. Or maybe give the late comers something to short off on Monday.
i believe it would not be today.. it's too late for any breakouts imho.. perhaps Monday or early Tuesday..
  • #303,058
  • Mar 9, 2012 10:44am Mar 9, 2012 10:44am
Quoting smikester
I was having a bit of fun with those earlier today. What a coincidence! Anyway I watch the price behaviour round Donchian Channels these days. I am always amazed at how many ways there are to trade accurately. Anyway this is an interesting link: http://www.forexfactory.com/showthre...93#post4236093
thanks for sharing mate..
  • #303,059
  • Mar 9, 2012 10:49am Mar 9, 2012 10:49am
Quoting Ill-b-back
Just my trading thoughts:

Anyone notice the hidden 4 hr bullish divergence?
Watching to see if price comes back down to 5645 to produce some classic bullish divergence also.
Next week looks interesting
Attached Image (click to enlarge)
Click to Enlarge Name: christmas trade43.gif Size: 12 KB
Come with me if you want to live....
  • #303,060
  • Mar 9, 2012 10:50am Mar 9, 2012 10:50am
i think we might retest 5740-5775 area, which ever resistance is stronger, before going down.. just my 2 cents.

we will see which resistance is stronger by how the PA reacts towards the said price..
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