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Cable Update (GBPUSD)

  • #303,101
  • Edited 8:31am Mar 11, 2012 7:59am | Edited 8:31am
Market is still within the congestion zone (marked in gold) over the last 40 days or so. Buying on the lows of this range 1.56700 has definitely panned out.

Hopefully this week we may see a clearer indication as to where this pair can go. Major resistance lies at 1.59500-1.60000 there about. Further up movement would only be triggered once a close and open has happened above there.

Ideally would like to see a push down to the upper bounds of that trend channel and hopefully rejection of that 1.55 area. A close and open below the trend and 1.55 could signal further down movement but again the idea of waiting to see what happens is the best decision for right now.
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  • #303,102
  • Mar 11, 2012 8:39am Mar 11, 2012 8:39am
Quoting Tsar
Hint...

Notice:
I'm not give Time Frime, thinking yourself

if yur not going to give the time frame this is the biggest bullshit post i have ever seen..there isnt even a price? and therefore is class "A" bullshit

what is the point of posting without the price and then saying "no price think for yourself"
  • #303,103
  • Mar 11, 2012 8:46am Mar 11, 2012 8:46am
Quoting Tsar
Hint...

Notice:
I'm not give Time Frime, thinking yourself
.
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  • #303,104
  • Mar 11, 2012 8:59am Mar 11, 2012 8:59am
Quoting nAVIN2007
if yur not going to give the time frame this is the biggest bullshit post i have ever seen..there isnt even a price? and therefore is class "A" bullshit

what is the point of posting without the price and then saying "no price think for yourself"
It's Hint, not a MAP...

I want Members begin to Learn, think for themselves and NOT just be a Follower...
Always looking the GREAT, never left GOOD Point...
  • #303,105
  • Mar 11, 2012 1:02pm Mar 11, 2012 1:02pm
some new sh at the yard
  • #303,106
  • Mar 11, 2012 1:06pm Mar 11, 2012 1:06pm
thought i share my cable analysis here as well since this is the cable thread ...

entire post in j16 thread

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Hero calls followed by margin calls...
  • #303,107
  • Mar 11, 2012 2:06pm Mar 11, 2012 2:06pm
Quoting PhAnTi'
thought i share my cable analysis here as well since this is the cable thread ...

entire post in j16 thread

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Nice but i can tell u what will happen with this nice line in ur chart and exactly what price it targeting
  • #303,108
  • Mar 11, 2012 2:11pm Mar 11, 2012 2:11pm
Quoting PhAnTi'
thought i share my cable analysis here as well since this is the cable thread ...

entire post in j16 thread

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now this is analysis..exactly what i see as well..my man i see the student is becoming the teacher

great observation J
  • #303,109
  • Mar 11, 2012 2:15pm Mar 11, 2012 2:15pm
Quoting nAVIN2007
now this is analysis..exactly what i see as well..my man i see the student is becoming the teacher

great observation J
hey bro,

it's great to see some result after working hard each day to handle this business in a reliable way...

this market is a great opportunity for me and my future....so i will take my chance and do it

wish u a lovely sun eve....catch ya tomorrow

kindest regads,
Jonas


remember : mind is the center
Hero calls followed by margin calls...
  • #303,110
  • Mar 11, 2012 2:16pm Mar 11, 2012 2:16pm
Quoting egkid
Nice but i can tell u what will happen with this nice line in ur chart and exactly what price it targeting
which one? ^^

the first green dashed one downside ?
Hero calls followed by margin calls...
  • #303,111
  • Mar 11, 2012 2:38pm Mar 11, 2012 2:38pm
I guess we need to define support
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Come with me if you want to live....
  • #303,112
  • Edited 3:23pm Mar 11, 2012 3:10pm | Edited 3:23pm
I have lately, found these market reactions around TL extensions fascinating and useful in helping determine if a TL is possibly valid.
I see they are at fib levels but the bar open and closes and price reactions seem to validate a possible TL before the event.

The yellow, magenta and particular white are cases in point.
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Come with me if you want to live....
  • #303,113
  • Mar 11, 2012 3:19pm Mar 11, 2012 3:19pm
posting my h1 chart with levels where i will look to trade, for what it's worth it.
good luck you all.
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90% of traders use TA, indicators and prediction
  • #303,114
  • Mar 11, 2012 3:23pm Mar 11, 2012 3:23pm
Quoting PhAnTi'
thought i share my cable analysis here as well since this is the cable thread ...

entire post in j16 thread

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Very Nice.
I don't trust any move - when you have profit...take it.
  • #303,115
  • Mar 11, 2012 3:43pm Mar 11, 2012 3:43pm
no big data to come in markets tomorrow.
expect something dirty.

gu trading now 1.5658.
eu 1.3101.

eheh would be interesting to see if demand appears but yet.
90% of traders use TA, indicators and prediction
  • #303,116
  • Mar 11, 2012 4:35pm Mar 11, 2012 4:35pm
Quoting PhAnTi'
hey bro,

it's great to see some result after working hard each day to handle this business in a reliable way...

this market is a great opportunity for me and my future....so i will take my chance and do it

wish u a lovely sun eve....catch ya tomorrow

kindest regads,
Jonas


remember : mind is the center
u too bro!!..honestly the way yur looking at the market it is obvious u have developed and grown as a trader in a very positive way!!

lovely to see
  • #303,117
  • Mar 11, 2012 4:52pm Mar 11, 2012 4:52pm
we also are very near (200p) the famous 5450-5440-5460 area.
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90% of traders use TA, indicators and prediction
  • #303,118
  • Mar 11, 2012 5:21pm Mar 11, 2012 5:21pm
Quoting gsantri
.
That one is easy...

Look at both slopes of the right-angled triangle that look similar, but actually are not the same. The dark green triangle (5 by 2) has a steeper slope than the red triangle (8 by 3) and therefore you get this extra hole. It is a simple illusion but easy to spot once you work out the mathematics.

Bounce here, but my chart says we are capped at 1.5820 max and I have 1.5785 as a nice turning point south again to visit 1.54 eventually, but maybe not this week.

I wish you all a great trading week!
  • #303,119
  • Mar 11, 2012 5:46pm Mar 11, 2012 5:46pm
Top triangle slope concave, lower one convex?
Come with me if you want to live....
  • #303,120
  • Mar 11, 2012 5:48pm Mar 11, 2012 5:48pm
Buying GBPUSD around 1.5650/1545
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