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Cable Update (GBPUSD)

  • #307,321
  • Edited 11:40pm Apr 11, 2012 5:05am | Edited 11:40pm
Attached Image (click to enlarge)
Click to Enlarge Name: corrected quarter 1 2012.gif Size: 25 KB
not euphoria follower
  • #307,322
  • Apr 11, 2012 5:09am Apr 11, 2012 5:09am
plenty of hi-prob opportunities to get some longside pips on the sub 30min t/f's as price challenged the pullback lo off 5927...10min shown below.

To the immediate upside:

5932 50% 6061-5803
5937 Current Daily Hi
5952 61.8% 6045-5803
5956-62 prev minor 1hr sw lo zone incl 5962=61.8% 6061-5803
5968-71 prev 1hr sw hi zone
5974-81 prev 4hr/1hr sw lo zone
5987 Daily R2 @/around
5988 76.4% 6045-5803
5995-6004 prev minor 4hr/1hr sw lo zone incl 6000=76.4% 6061-5803
6010 85.4% 6045-5803
6016-20 prev minor 1hr sw lo/1hr sw hi zone
6021 Weekly R1 @/around
6023 85.4% 6061-5803
[ 6030-35 descending Daily trend line on present Daily candle
[ 6035-40 prev 1hr sw hi zone
6041-45 prev 4hr/ 1hr sw hi zone incl 6045 = Daily R3 @/around
[ 6050-60 descending Daily trend line on present Daily candle
[ 6053-61 prev Daily/ 4hr/1hr sw hi zone


G/L
Attached Image (click to enlarge)
Click to Enlarge Name: 1100 10min mater engulf x 4 thrust.jpg Size: 57 KB
ex member
  • #307,323
  • Apr 11, 2012 6:04am Apr 11, 2012 6:04am
i have no idea, unexpected bull coming, shit!!!!.....
  • #307,324
  • Apr 11, 2012 6:13am Apr 11, 2012 6:13am
calling out 1.62 - 1.63
  • #307,325
  • Apr 11, 2012 6:19am Apr 11, 2012 6:19am
Quoting nAVIN2007
calling out 1.62 - 1.63


I don't trust any move - when you have profit...take it.
  • #307,326
  • Apr 11, 2012 6:21am Apr 11, 2012 6:21am
Quoting nAVIN2007
calling out 1.62 - 1.63

I am still flat.....this 20 pip jump up and down on a 5 min candle is not for me....
I don't trust any move - when you have profit...take it.
  • #307,327
  • Apr 11, 2012 6:23am Apr 11, 2012 6:23am
Quoting nAVIN2007
calling out 1.62 - 1.63

more like 6020- 6030 if 5940 taken out
  • #307,328
  • Apr 11, 2012 6:25am Apr 11, 2012 6:25am
Quoting Faller
I am still flat.....this 20 pip jump up and down on a 5 min candle is not for me....


complex structure playing out potentially..certainly not pretty..but its favourable with my monthly at least..

be lucky (im off to work soon)
Attached Image (click to enlarge)
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  • #307,329
  • Apr 11, 2012 6:29am Apr 11, 2012 6:29am
Quoting nAVIN2007

complex structure playing out potentially..certainly not pretty..but its favourable with my monthly at least..

be lucky (im off to work soon)

geez I hope so for you......but my bias is still to the downside.....just waiting for an entry.
I don't trust any move - when you have profit...take it.
  • #307,330
  • Apr 11, 2012 6:32am Apr 11, 2012 6:32am
Quoting nAVIN2007
calling out 1.62 - 1.63
Hei nav, you stilll insist for long bullish to 1.62-1.63, i heard this thing so many time.... is it purely your analysis or just your obsession ?, .... just compare with 4H chart....... but at current situation everything is still possible..., i made position too early....
Good luck....

Red Alert
  • #307,331
  • Apr 11, 2012 6:33am Apr 11, 2012 6:33am
Interesting 4 hour candles...
Attached Image (click to enlarge)
Click to Enlarge Name: Cable Interesting Candles.jpg Size: 211 KB
I don't trust any move - when you have profit...take it.
  • #307,332
  • Apr 11, 2012 6:34am Apr 11, 2012 6:34am
Quoting Red Alert
Hei nav, you stilll insist for long bullish to 1.62-1.63, i heard this thing so many time.... is it purely your analysis or just your obsession ?, sorry nav.... can you show me something to support what you said....

Good luck....

Red Alert
He has his reasons....and he has posted many charts and thoughts along the way.....I see that you are a new member - go back in his posts and you will see his thoughts and charts.
I don't trust any move - when you have profit...take it.
  • #307,333
  • Edited 6:54am Apr 11, 2012 6:43am | Edited 6:54am
Depending how today's Daily candle closes we could see a fractal HL on this daily t/f...and if so the biais on this t/f probably remains bullish-mixed re overall price action at the moment and in that scenario. Today's daily candle could also close as a master bullish engulfing of previous 2 daily candle bodies depending on where it closes.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: Daily.jpg Size: 119 KB
ex member
  • #307,334
  • Apr 11, 2012 6:47am Apr 11, 2012 6:47am
Quoting Faller
He has his reasons....and he has posted many charts and thoughts along the way.....I see that you are a new member - go back in his posts and you will see his thoughts and charts.
Hi faller, i has been followwing and reading his post since i joint this thread, but magically, almost in all situation he still insist for the bull, but it's ok anyway, every trader have their own method and also their profit / risk. Just like me, sometime i tend to the expected trend based on my trade position sell or buy....
  • #307,335
  • Apr 11, 2012 6:50am Apr 11, 2012 6:50am
Quoting Red Alert
Hi faller, i has been followwing and reading his post since i joint this thread, but magically, almost in all situation he still insist for the bull, but it's ok anyway, every trader have their own method and also their profit / risk. Just like me, sometime i tend to the expected trend based on my trade position sell or buy....

its not magical ..i just dont change my mind every 2 minutes..ask yourself how can a long term trader change his mind every month?
the problem is:- u are adopting your style of thinking to my trading

to trade long term u need to be stable in your decisions..to scalp is to have no bias..the two mindsets are completely different..

if i scalp i wont have a long term view..hope it makes sense
  • #307,336
  • Apr 11, 2012 6:53am Apr 11, 2012 6:53am
Good day to you,

Placing short @ 1.5910 after rejection of the 50% line of last week and last month sitting at 1.5932.

Tight stoploss in @ 1.59460 - just above the upper level of the daily channel by high @ 1.59446.

Will see...

Regards
  • #307,337
  • Apr 11, 2012 6:54am Apr 11, 2012 6:54am
Quoting TauTrader
Good day to you,

Placing short @ 1.5910 after rejection of the 50% line of last week and last month sitting at 1.5932.

Tight stoploss in @ 1.59460 - just above the upper level of the daily channel by high @ 1.59446.

Will see...

Regards

nice to see u around buddy..
  • #307,338
  • Apr 11, 2012 6:57am Apr 11, 2012 6:57am
Quoting nAVIN2007
its not magical ..i just dont change my mind every 2 minutes..ask yourself how can a long term trader change his mind every month?
the problem is:- u are adopting your style of thinking to my trading

to trade long term u need to be stable in your decisions..to scalp is to have no bias..the two mindsets are completely different..

if i scalp i wont have a long term view..hope it makes sense
you right nav... we are on different style, different target and different style...., thank you
  • #307,339
  • Apr 11, 2012 6:57am Apr 11, 2012 6:57am
Quoting Red Alert
Hi faller, i has been followwing and reading his post since i joint this thread, but magically, almost in all situation he still insist for the bull, but it's ok anyway, every trader have their own method and also their profit / risk. Just like me, sometime i tend to the expected trend based on my trade position sell or buy....

Freudian slip? Are you smokin'?
I don't trust any move - when you have profit...take it.
  • #307,340
  • Apr 11, 2012 7:04am Apr 11, 2012 7:04am
Although my overall bias is to the downside - today so far is really showing that price wants to move up...would like to see it hit 1.5980 -
I don't trust any move - when you have profit...take it.
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