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Cable Update (GBPUSD)

  • #303,801
  • Mar 15, 2012 2:23am Mar 15, 2012 2:23am
Quoting Mpt
Yes, I'm sure that's quite possible. GU now broken and tested its prior trend line. Would guess that maybe the trend is now up, as per my previous chart pattern.

Still don't trade this thing. Only use it for confirmation of other pairs.

Best wishes
Unless my charts are still bad..
GBPUSD is still trading inside the range of 2 trendlines....
attempted break but never broken... im waiting for a confirmed close below to call it a confirmed break... otherwise we're still gona see a zebra dancing around in GU....

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.gif Size: 17 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,802
  • Mar 15, 2012 2:24am Mar 15, 2012 2:24am
GBPUSD short term LONG?
Attached Image (click to enlarge)
Click to Enlarge Name: 40.png Size: 51 KB
  • #303,803
  • Mar 15, 2012 2:33am Mar 15, 2012 2:33am
Let's see.
Last time I drew a bullish channel like this at 5250, I should have traded it.
Attached Image (click to enlarge)
Click to Enlarge Name: trades.gif Size: 17 KB
Come with me if you want to live....
  • #303,804
  • Mar 15, 2012 2:48am Mar 15, 2012 2:48am
A little clearer on 1 hr chart sorry.
A few peaks to climb, and a long(ish) shot, but this has been climbing all year for some reason.
Anyway...
Attached Image (click to enlarge)
Click to Enlarge Name: trades.gif Size: 16 KB
Come with me if you want to live....
  • #303,805
  • Mar 15, 2012 3:16am Mar 15, 2012 3:16am
Dammit, no way
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Come with me if you want to live....
  • #303,806
  • Mar 15, 2012 3:18am Mar 15, 2012 3:18am
Quoting Ill-b-back
Dammit, no way


Nice chart btw...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,807
  • Mar 15, 2012 3:19am Mar 15, 2012 3:19am
Most times you just need 1 line to trade off.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd120315m30.gif Size: 28 KB


Price at midnight UK? 1.5650
Gone to a better place
  • #303,808
  • Mar 15, 2012 3:22am Mar 15, 2012 3:22am
Quoting smikester
Most times you just need 1 line to trade off.

Attachment

Price at midnight UK? 1.5650
Sorry may i ask what is the significance of 1.5650??
is that what you are projecting today's closing for GBPUSD?
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,809
  • Mar 15, 2012 3:26am Mar 15, 2012 3:26am
Quoting Faller
Ok last post....

When I got to Windsor this past Sunday I said that I would post a picture of my traveling trading setup......so here it is....


What do you all think?

Oh...the biggest monitor is the lcd tv from the hotel room!!!!

Cheers,

Faller.

COOL...!!!! Awesome!!! and LOL for the hotel's TV!!
I trade to live
  • #303,810
  • Mar 15, 2012 3:27am Mar 15, 2012 3:27am
Quoting smikester
Most times you just need 1 line to trade off.

Attachment

Price at midnight UK? 1.5650
Ha ha, man I need a lobotomy
Come with me if you want to live....
  • #303,811
  • Mar 15, 2012 3:28am Mar 15, 2012 3:28am
Quoting Faller
Ok last post....

When I got to Windsor this past Sunday I said that I would post a picture of my traveling trading setup......so here it is....


What do you all think?

Oh...the biggest monitor is the lcd tv from the hotel room!!!!

Cheers,

Faller.
It's very impressive. Aren't you supposed to be on holiday, though?
Gone to a better place
  • #303,812
  • Mar 15, 2012 3:29am Mar 15, 2012 3:29am
Quoting smikester
Most times you just need 1 line to trade off.

Attachment

Price at midnight UK? 1.5650
Why 5650?
Come with me if you want to live....
  • #303,813
  • Mar 15, 2012 3:34am Mar 15, 2012 3:34am
Quoting bguguen
Sorry may i ask what is the significance of 1.5650??
is that what you are projecting today's closing for GBPUSD?
That was the opening price for the new day, midnight last night on my feed. It seriously affects the state of play for the remaining day, the London open etc. Is today an up day?. We are currently testing 1.5650... If it rejects, then we are having an up day.

If it shows indecision, then I stay flat.
Gone to a better place
  • #303,814
  • Mar 15, 2012 3:36am Mar 15, 2012 3:36am
Quoting bguguen


Nice chart btw...
Thanks bro, but I really don't like these trend continuation sell stop trades, I much prefer peaks and troughs as R/R is so much better. I can also pretty much just set and forget when the signal comes in.
However, it speaks (to me) of a significant drop below my Sell stop to at least 61.8 fib and much further and I don't want to miss the train.
I might just have to stay and watch PA if triggered. Don't like doing that in my part of the world
Come with me if you want to live....
  • #303,815
  • Mar 15, 2012 3:36am Mar 15, 2012 3:36am
Quoting smikester
That was the opening price for the new day, midnight last night on my feed. It seriously affects the state of play for the remaining day, the London open etc. Is today an up day?. We are currently testing 1.5650... If it rejects, then we are having an up day.

If it shows indecision, then I stay flat.
Cheers, that clarifies it... cuz i got a fib resistance coming in at 1.5660...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,816
  • Mar 15, 2012 3:38am Mar 15, 2012 3:38am
Draw a line on your chart at 1.5650. Then look at February 22 and 23. You need to know these numbers if you want to trade them.
Gone to a better place
  • #303,817
  • Mar 15, 2012 3:40am Mar 15, 2012 3:40am
Quoting smikester
That was the opening price for the new day, midnight last night on my feed. It seriously affects the state of play for the remaining day, the London open etc. Is today an up day?. We are currently testing 1.5650... If it rejects, then we are having an up day.

If it shows indecision, then I stay flat.
Right, thx.
I don't like today at all.
Leaving sell stop 5595.
Come with me if you want to live....
  • #303,818
  • Mar 15, 2012 3:40am Mar 15, 2012 3:40am
Valentines Day

January 27th - look at that one!

The list goes on...
Gone to a better place
  • #303,819
  • Mar 15, 2012 3:47am Mar 15, 2012 3:47am
Better luck at the casino if you ask me.
Scalpers will love it??
Attached Image (click to enlarge)
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Come with me if you want to live....
  • #303,820
  • Mar 15, 2012 3:51am Mar 15, 2012 3:51am
Quoting smikester
Draw a line on your chart at 1.5650. Then look at February 22 and 23. You need to know these numbers if you want to trade them.

yup same in my chart now....so suppose its a bouncing line for the price right...but the february only pass though it 5644-5646...but in march 12 cable pass through it by lowest 5602...i wonder what it mean? stressed? or overlimit of shorting? or price hunting?
I trade to live
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