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Cable Update (GBPUSD)

  • #305,141
  • Mar 28, 2012 8:09am Mar 28, 2012 8:09am
If 1.5876 breaks....there is not much support until 1.5800
I don't trust any move - when you have profit...take it.
  • #305,142
  • Mar 28, 2012 8:13am Mar 28, 2012 8:13am
Quoting Ill-b-back
After 3 months of your view, it is bound to rub off and leave its mark
  • #305,143
  • Mar 28, 2012 8:47am Mar 28, 2012 8:47am
remember this nAVIN

The first chart is the one I showed you the other day....the second one is just an update.......

what do you think....

remember - price made a high in the first blue circle with macd and stochs making a high - then next blue circle price makes new high but stochs and macd did not - and third blue cirlce price did not make a new high and we can see how stochs and macd are in a down trend not not making new highs -

Faller.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Daily Pound Chart.jpg Size: 131 KB
Click to Enlarge Name: Daily Pound Chart Update.jpg Size: 148 KB
I don't trust any move - when you have profit...take it.
  • #305,144
  • Mar 28, 2012 8:50am Mar 28, 2012 8:50am
Why does everyone just disappear off this thread - there were lots view etc...and now it is like a ghost town - come on.....nobody else have a good analysis of what is going on here?

Well......

I am just going to set a trailing stop and go for a walk in the beautiful sunshine here today.

Cheers,

Faller.
I don't trust any move - when you have profit...take it.
  • #305,145
  • Mar 28, 2012 8:56am Mar 28, 2012 8:56am
Quoting Faller
Why does everyone just disappear off this thread - there were lots view etc...and now it is like a ghost town - come on.....nobody else have a good analysis of what is going on here?

Well......

I am just going to set a trailing stop and go for a walk in the beautiful sunshine here today.

Cheers,

Faller.

Manually closed position - saw something in the charts -

Cheers,

Falller.
Attached Image (click to enlarge)
Click to Enlarge Name: Trading Platform Position Closed.png Size: 110 KB
I don't trust any move - when you have profit...take it.
  • #305,146
  • Mar 28, 2012 8:58am Mar 28, 2012 8:58am
Quoting redbeben
thanks for the info

let's see now but the ones I took yesterday I cannot make them bigger anymore.if you zoom in you will see them more or less.
TP1 touched TP2 as well and long triggered @ 1.5875

TP1 1.5990
tp2 1.6020 and the rest to go as high as possible

I'm gonna keep an eye on the 1.5860 level and a bit lower just in case it decides to continue going down.
  • #305,147
  • Mar 28, 2012 8:58am Mar 28, 2012 8:58am
Quoting Faller
remember this nAVIN

The first chart is the one I showed you the other day....the second one is just an update.......

what do you think....

remember - price made a high in the first blue circle with macd and stochs making a high - then next blue circle price makes new high but stochs and macd did not - and third blue cirlce price did not make a new high and we can see how stochs and macd are in a down trend not not making new highs -

Faller.
well i still see potential but remember im in a long term trade so this movement to me means nothing..i personally think its a trap..1.60 was always going to bring in short orders

will usd break a major trendline..i doubt it!!!

the pin on dailly played out great but as far as im concerned it reached it limits

i still see 1.65
  • #305,148
  • Mar 28, 2012 9:09am Mar 28, 2012 9:09am
Quoting nAVIN2007
well i still see potential but remember im in a long term trade so this movement to me means nothing..i personally think its a trap..1.60 was always going to bring in short orders

will usd break a major trendline..i doubt it!!!

the pin on dailly played out great but as far as im concerned it reached it limits

i still see 1.65
nAVIN your conviction is undeniable - this sure is one heck of a long trade (hmmm errrrr investment?) that you have been holding - you have been holding for quite sometime now 6 months or so??? I truly hope that this pullback away from 1.60 is not the beginning of a big fall back to 1.50 - I wish you health, happiness and most of all green pips.....and if not green pips at least break even pips so that you can get back into the daily price swings.

Cheers my friend -

Faller
I don't trust any move - when you have profit...take it.
  • #305,149
  • Mar 28, 2012 9:11am Mar 28, 2012 9:11am
Quoting Faller
If 1.5876 breaks....there is not much support until 1.5800

This is my last post for the day - I am out of here now....
I don't trust any move - when you have profit...take it.
  • #305,150
  • Mar 28, 2012 9:12am Mar 28, 2012 9:12am
Quoting Faller
nAVIN your conviction is undeniable - this sure is one heck of a long trade (hmmm errrrr investment?) that you have been holding - you have been holding for quite sometime now 6 months or so??? I truly hope that this pullback away from 1.60 is not the beginning of a big fall back to 1.50 - I wish you health, happiness and most of all green pips.....and if not green pips at least break even pips so that you can get back into the daily price swings.

Cheers my friend -

Faller
I will be honest with u..even myself i have no idea how long i have been in the trade i simply dont care..the only reason im in here is because it keep me sharp..looking at the charts

and ofcourse passing time

has it really been that long?

perhaps when i took the trade i knew the duration maybe long and maybe this is why..if i get phased by these movement im doomed. The quartely and monthly closes thou..will make me notice thou
  • #305,151
  • Mar 28, 2012 9:15am Mar 28, 2012 9:15am
Quoting nAVIN2007
i found myself a job as im in a long term trade same positions..looking for 1.65 test if not breakout..but i will be happy with 1.65 and closeout

Here is one of your posts from October....that is when I remember you telling me about your trade.....maybe it is even longer then that?????

Does not matter....you are in charge of your own trades.

Have a good one -

Faller.
I don't trust any move - when you have profit...take it.
  • #305,152
  • Mar 28, 2012 9:16am Mar 28, 2012 9:16am
Like I said....if 1.5876 breaks.......look out below.
I don't trust any move - when you have profit...take it.
  • #305,153
  • Edited 9:28am Mar 28, 2012 9:17am | Edited 9:28am
Quoting Faller
Here is one of your posts from October....that is when I remember you telling me about your trade.....maybe it is even longer then that?????

Does not matter....you are in charge of your own trades.

Have a good one -

Faller.

wow..
i feel nothing to suggest any time duration i used to go crazy after 3 days once, hard to believe..
I just believe in myself.

when time isnt on the mind it flies..damn im really surprised it been this long

wow!! lol (still cant believe its this long) cheers bro!!
  • #305,154
  • Mar 28, 2012 9:29am Mar 28, 2012 9:29am
ok now
price touched 61.8% of fibo @1.5858-59 level I targeted yesterday
aded another long here but again it will take some time to develop as nothing to attract the price yet only rejection from S

as well we have a 200 MA in that area so it might help.

next stop down is the one mentioned yesterday 1.5820-5830(5828 to be precise) where we have plenty of buyers from ME and is the H4 top kumo and 1.5800 and 1.5760-70

I'll keep the longs with a SL @ 1.5815
we'll see which one will hold.
Attached Image (click to enlarge)
Click to Enlarge Name: long GU.JPG Size: 201 KB
  • #305,155
  • Mar 28, 2012 9:36am Mar 28, 2012 9:36am
Quoting PoundTrader
so have a seat it's gonna be a masterpiece.
  • #305,156
  • Mar 28, 2012 9:40am Mar 28, 2012 9:40am
Quoting redbeben
update
covered 1/3 of GU @ 80 pips profit left the rest to run down to 5888-5875(here I have doubts if to trail it or close and load longs as the down move could be very strong as it looks on the charts...)

closed already USD cad as I chickened out 10 pips ahead of the TP so I got out with 42 pips

now I wonder....5886-5888 wich is 50% fibo and flat line and kumo....will it hold or not.if it won't hold 5875 should hold...if not then we see 5820-30 area

I think I will trail and OCO with longs
update again

closed manually USD CHF @ 0.9075, 5 pips ahead of the TP for 57 pips profit.

still have EUR GPB left and the GU longs.

I still have a short on EU since 2 days ago on 55 pips profit but I'll leave it to go to 1.3265 and then long it.

I'll open a USD CHF short @ 0.9090-0.9110 area for 100 pips TP and I'll post charts as soon as poss.

overall I bagged in some 200 pips for today
  • #305,157
  • Mar 28, 2012 9:45am Mar 28, 2012 9:45am
Quoting redbeben
ok now
price touched 61.8% of fibo @1.5858-59 level I targeted yesterday
aded another long here but again it will take some time to develop as nothing to attract the price yet only rejection from S

as well we have a 200 MA in that area so it might help.

next stop down is the one mentioned yesterday 1.5820-5830(5828 to be precise) where we have plenty of buyers from ME and is the H4 top kumo and 1.5800 and 1.5760-70

I'll keep the longs with a SL @ 1.5815
we'll see which one will hold.
i see that you are basing your decision based on your indi.. that's is why you long when 4h candle forming such a bearish candles... imho, as long as you are basing your decision based on indi rather than PA, you will find this business very unforgiving.. from my experience, there's no buy low and sell high, as long it's in downtrend, just keep on selling (and vice versa), never put value to the price..

Use indicator just as gauge to the price, don't make them as your decision making tools.. imho.
  • #305,158
  • Mar 28, 2012 9:48am Mar 28, 2012 9:48am
So, strong bearish follow thru off yesterday's inverted hammer candle on the Daily despite best eforts of the bulls...@/about the current daily lo the 76.4% of 5800-6000 with 38.2% of 5601-6000

below the current lo:

5829 85.4% 5800-6000
5823 76.4% 5769-6000
5819 23.6% 5234-60000
5817 50% 5634-60000
5810-5800- (5797) prev 4hr/1hr sw lo zone inc 5809 2 x fibs, and 5802-01 2 x fibs incl 50% 5601-60000
5789-81 prev 1hr sw lo zone incl 5783 = Weekly S1@/around
5780-69 prev minor Dly/4hr/1hr sw lo zone incl 5774 61.8% 5634-60000
5764-65 2 x fibs
5754 61.8% 5601-60000
[ 5741-34-22 prev 4hr sw hi x 3 zone (non-immed) incl 5737=85.4% 5691-6000
[ 5745-40 4hr ascending t/line coming thru on present 4hr candle
5721 76.4% 5634-6000
5715-10 Daily ascending trend line coming thru on present 4hr candle incl 5712 Monthly S1 @/around
5708 38.2% 5234-6000 and 76.4% 5618-6000
5706-5697-93 prev 4hr/1hr sw lo zone incl 5700 = Weekly S2 @/around, and 5695 = 76.4% 5601-6000
5675 85.4% 5618-6000
5660 85.4% 5601-6000
5646-34 prev Daily/4hr swing lo zone
5631 Weekly S3 @/around
5630-18 prev 4hr sw lo zone
5617 50% 5234-60000
5615-01 prev Daily/4hr sw lo zone
5548-28 prev 4hr sw lo x 2 zone incl 5528 = 61.8% 5234-6000
5504 Monthly S2 @/around
5498-85 prev dly/4hr sw hi zone (non immed)
5456-48 prev minor 4hr sw lo zone
5416 38.2% 5234-6000
5403-5384 prev 4hr sw hi x 2 zone
5364 Monthly S3 @/around
5347 85.4% 5234-6000
5331-20 prev 4hr sw lo zone
5275-60-37 (-34) prev Daily X2 /4hr X3 swing lo zone

Price today currently at 110% of it's 20 day atr and 75% of the 20 week atr so far this week.

G/L
　
　
ex member
  • #305,159
  • Mar 28, 2012 9:59am Mar 28, 2012 9:59am
Quoting bbmac
So, strong bearish follow thru off yesterday's inverted hammer candle on the Daily despite best eforts of the bulls...@/about the current daily lo the 76.4% of 5800-6000 with 38.2% of 5601-6000

below the current lo:

5829 85.4% 5800-6000
5823 76.4% 5769-6000
5819 23.6% 5234-60000
5817 50% 5634-60000
5810-5800- (5797) prev 4hr/1hr sw lo zone inc 5809 2 x fibs, and 5802-01 2 x fibs incl 50% 5601-60000
5789-81 prev 1hr sw lo zone incl 5783 = Weekly S1@/around
5780-69 prev minor Dly/4hr/1hr sw lo zone incl 5774 61.8% 5634-60000
5764-65...

Hello bbmac, I always wondered about u....Did u wrote does data above manually or did u use special software for it?

u always wrote such a detailed reports (above), that is why I'm wondering,,,hehehehe
I trade to live
  • #305,160
  • Mar 28, 2012 9:59am Mar 28, 2012 9:59am
This is what I am see-ing near-term on 1hr.....the 4hr ascending trend line (green wide dotted) was breeched to the downside in the move down to current daily lo.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 112 KB
ex member
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