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Cable Update (GBPUSD)

  • #304,221
  • Mar 20, 2012 12:18am Mar 20, 2012 12:18am
Hello everyone
How does Tuesday whisper to our ears?

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Cheers
I trade to live
  • #304,222
  • Mar 20, 2012 12:34am Mar 20, 2012 12:34am
Quoting UbuFamily
Hello everyone
How does Tuesday whisper to our ears?

Attachment

Cheers
Sweet little somethings bro (don't worry, it for GU not you)
Let's see.
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Come with me if you want to live....
  • #304,223
  • Mar 20, 2012 12:39am Mar 20, 2012 12:39am
If this formation works as per THE PREVIOUS TWO CABLE TOPS, then it should end up looking something like this:

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  • #304,224
  • Mar 20, 2012 2:43am Mar 20, 2012 2:43am
Expecting CPI news in about 2 Hours
  • #304,225
  • Mar 20, 2012 2:52am Mar 20, 2012 2:52am
scalping before london session..
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  • #304,226
  • Mar 20, 2012 2:53am Mar 20, 2012 2:53am
Quoting Mpt
If this formation works as per THE PREVIOUS TWO CABLE TOPS, then it should end up looking something like this:

Attachment
  • #304,227
  • Mar 20, 2012 3:14am Mar 20, 2012 3:14am
WOW! GU is Tanking? Is the News out already?
  • #304,228
  • Mar 20, 2012 3:24am Mar 20, 2012 3:24am
Quoting abdul_halim
scalping before london session..

I trade to live
  • #304,229
  • Mar 20, 2012 3:56am Mar 20, 2012 3:56am
whats up fellows, how trading for everyone
  • #304,230
  • Mar 20, 2012 3:57am Mar 20, 2012 3:57am
Quoting exquisite
WOW! GU is Tanking? Is the News out already?
yes i think it's going down, so i went short 1.5877, s/l 1.5929, t/p 1.5781
  • #304,231
  • Mar 20, 2012 4:07am Mar 20, 2012 4:07am
G/M,

Bullish candle on the daily yesterday with a subdued pip range < 20 day atr - an upside follow thru on Friday's bullish thrust candle. So far today more pullback (to the 85.4% 5820-5912/Daily S1,) where price has found some demand resulting in a 1hr bullish hammer.

Above current price per the 1hr screenshot below and then @/above yesterday's hi;


[ 5903-12 prev minor 4hr/1hr sw hi zone
[ 5905-10 4hr descending t/line coming thru on present 4hr candle
5918 85.4% 5974-5601
5925-30 descending weekly t/line coming thru on tues's daily candle incl 5931 = Daily R1 @/around 5929 and Weekly R1 @/around

5933 = 85.4% 5991-5601

[ 5958-65-74 prev 4hr swi hi zone
[ 5960-70 descending daily t/line coming thru on tues's daily candle incl Daily R2 @/around 5966

5976-91 prev Daily/4hr sw hi zone incl 5986/89 2 x fibs incl 50% 6746-5234
5999 85.4% 6130-5234
6022 Daily R3 @/around
6025 Weekly R2 @/around
6030 85.4% 6165-5234
6059 Monthly R1 @/around
6073-92 incl 6087 = 61.8% 6617-5234
6103-15-30 prev Dly/4hr sw hi zone
6136-65 prev Wkly/Dly sw hi zone incl 6163 = 76.4% 6454-5234
6167 61.8% 6746-5234
6179-6206 prev minor Daily sw lo hi zone incl 6198 = Monthly R2 @/around
6250-75 prev Daily minor sw lo zone (non immed) with 6275 = 85.4% 6454-5234
6284 Weekly R3
6287 76.4% 6617-5234

Uk inflation data at 0930am gmt.

G/L
Attached Image
ex member
  • #304,232
  • Mar 20, 2012 4:15am Mar 20, 2012 4:15am
just updated 1hr to show the 1hr descending t/line and the fib from y/day's 5912 hi to today's current lo.

G/L
Attached Image
ex member
  • #304,233
  • Mar 20, 2012 5:27am Mar 20, 2012 5:27am
Quoting PoundTrader
yes i think it's going down, so i went short 1.5877, s/l 1.5929, t/p 1.5781
Come with me if you want to live....
  • #304,234
  • Edited 7:25am Mar 20, 2012 5:34am | Edited 7:25am
Quoting _BBKing_
hello i just came in to do an observation:
would be better if you consider:
1. what kind of option you are talking about
2. how many contracts are loaded in that expiry date 5 april
3. what kind of contracts are loaded
4. what makes that options expiry date more interesting than other dates
5. why the 1.5565 1.5600 is monthly balance
6. why talking about a sell target from a possible level of area 1.59 to 1.52 without totally considering that market could print and consolidate for more than 1 week into 1.59 to go up more and kill every one...
To your questions 1-3 response is easier to show than to describe.
I wrote that I look Daily reports with CME (please see the attached files are two reports for call options and put options), which I use in the analysis.
Question number 4: because at this time there is a change of the contract, which is often the cause unpredictable movements and impulses. Near the dates I'm always working properly. Especially if it is futures expiration.
Question 5: This is the price calculated by my system. It is calculated balance - that is, the price that would suit and bulls and bears. The price, at which the pendulum (if we consider that the market - pendulum) is in the "middle".
Question number 6: I have shown in the picture levels above the 5918 and did not rule out the campaign in these levels. Now I am in a short transaction from 5910 and if the price goes above I will sell from each of the red levels around until 6268.
I work with averaging without Stop Loss order, so I agree with you that jump up may "blew away" all the sellers and already without them (but with me!) will fall in the area of 52.
Once again, this situation is for nearest prior to the expiration of the period (up to April 5). On April 5, I will make a new calculation and will make correction of the levels with accordance.


Please see my Thread : http://www.forexfactory.com/showthre...=1#post5493504
Attached File(s)
File Type: pdf Section27_British_Pound_Call_Options.pdf   27 KB | 266 downloads
File Type: pdf Section28_British_Pound_Put_Options.pdf   23 KB | 250 downloads
  • #304,235
  • Mar 20, 2012 5:36am Mar 20, 2012 5:36am
Quoting Ill-b-back
I see u on long huh bro
I trade to live
  • #304,236
  • Mar 20, 2012 5:45am Mar 20, 2012 5:45am
Quoting UbuFamily
I see u on long huh bro
U need glasses bro been short since yesterday closed
Come with me if you want to live....
  • #304,237
  • Mar 20, 2012 5:55am Mar 20, 2012 5:55am
3) Gbp/Usd - Weekly View - 19-23rd of March - 4 hours Chart in analogy with 35 Pips Range Bars Charts:

http://www.dukascopy.com/imageserver...2/image654.jpg


http://www.dukascopy.com/imageserver...2/image940.jpg


Bullish Probability - Please keep into Your attention the fact that Cable has been moving sideways in the last few weeks and it is accumulating strenght. Price is standing above 1.585 (Monthly Pivot) at the moment and it could reach 1.592 (Weekly R1 Pivot) very soon. From this resistence level price could retrace back to 1.585(Monthly Pivot) and then continue further upside to break the uptrend line (now dynamic resistence) and reach 1.602 (Weekly R2 Pivot).

Bearish Probability - If the price will go back under 1.585 (Monthly Main Pivot), it could find the first support around 1.577-1.579 (Key confluence between Weekly Main Pivot and 100 and 200 SMAs on the 4 Hours Chart), and then maybe move further downside to 1.571 (Monthly S1 Pivot) and 1.567 (Weekly S1 Pivot). If this key area will also be broken price could only be stopped by the 1.56 Support or the Key Level - 1.550 (Key confluence between Monthly S2 Pivot and Weekly S2).


Read my Full analysis for the Major Pairs... (check out the link in my profile)

To your success,
Doctortyby
  • #304,238
  • Mar 20, 2012 6:58am Mar 20, 2012 6:58am
Quoting PoundTrader
yes i think it's going down, so i went short 1.5877, s/l 1.5929, t/p 1.5781
Man, if NY kicks in we could see 57. (or 5990 )
Come with me if you want to live....
  • #304,239
  • Mar 20, 2012 7:11am Mar 20, 2012 7:11am
Quoting PoundTrader
yes i think it's going down, so i went short 1.5877, s/l 1.5929, t/p 1.5781
Looking good bro, see where she closes today. Learning to turn my brain off
Come with me if you want to live....
  • #304,240
  • Mar 20, 2012 7:14am Mar 20, 2012 7:14am
Quoting PoundTrader
yes i think it's going down, so i went short 1.5877, s/l 1.5929, t/p 1.5781
im still holding this trade
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