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Cable Update (GBPUSD)

  • #321,961
  • Aug 20, 2012 7:58pm Aug 20, 2012 7:58pm
http://www.forexfactory.com/attachme...4&d=1345506370

Quoting iqyu5an

http://www.forexfactory.com/attachme...1&d=1344427315

tq Kang KG ............

m5 :
http://www.forexfactory.com/attachme...5&d=1345430391
not euphoria follower
  • #321,962
  • Aug 20, 2012 8:03pm Aug 20, 2012 8:03pm
Quoting Cumcannon
Current levels are a good place to go short from in both GBPUSD and EURUSD,

im short on each with decent trade lots,

the recent trends on the hourly and daily charts pointing bullish are there to confuse you with what is really going on.

Particularly the Euro which IMO is a better trade right now than the GBPUSD.

Short 1.2344 with NO stop and no TP, will let this run for a while with a target of below 1.20 by the end of september.

Pound will follow some but maybe not as strong, short at 1.571 again with no stop and a target of 1.545...

I think this would depend on the timeframe you use, it sounds like you look very long term (your assuming we are still in a long term downward trend that began in May?)

However, maybe you should ask yourself whate are the major movers of the market? and how long do they take to make their impact?

I see where you are coming from but IMO the Hourly (H4 and H1) charts are the most decisive when making a decision on a trade direction.

For me to ignore the uptrend on the H1 and H4 would be a little silly. If they do prove to be 'fake' or just short term retracements then im sure we will all jump back short again and ride it down to 1.545.

for now though i will follow the trend lines i have and im generally long right now.
Money never sleeps...
  • #321,963
  • Aug 20, 2012 8:08pm Aug 20, 2012 8:08pm
Quoting iqyu5an
http://www.forexfactory.com/attachme...4&d=1345506370
very informative charts (especially that middle one) how does Kang get that chart?

Im assuming it shows Volume at resistance and support areas?
Money never sleeps...
  • #321,964
  • Aug 20, 2012 8:22pm Aug 20, 2012 8:22pm
u mean the red / green box ? if yes.... it's supply and demand zone, off course that's related with volume buddy.

and the white line is horisontal line ( reff to A point after bear drops from C point )

http://www.trade-forex-harmonic-patt...hark-bu-be.gif


then we see how the pa dancing around those area
Quoting inpatient
very informative charts (especially that middle one) how does Kang get that chart?

Im assuming it shows Volume at resistance and support areas?
not euphoria follower
  • #321,965
  • Aug 20, 2012 8:40pm Aug 20, 2012 8:40pm
.http://www.forexfactory.com/attachme...4&d=1345513073
not euphoria follower
  • #321,966
  • Aug 20, 2012 9:43pm Aug 20, 2012 9:43pm
Quoting iqyu5an
u mean the red / green box ? if yes.... it's supply and demand zone, off course that's related with volume buddy.

and the white line is horisontal line ( reff to A point after bear drops from C point )



then we see how the pa dancing around those area
I think he meant this one:
http://www.forexfactory.com/attachme...1&d=1344427315


I would also be interested in hearing about it
  • #321,967
  • Aug 20, 2012 10:31pm Aug 20, 2012 10:31pm
Quoting Cumcannon
im almost 100% behind you except i see the Euro losses will be worse than the GBP.
OMG I just noticed your username

So is Forex trading your only "profession"?
Just kidding...
Come with me if you want to live....
  • #321,968
  • Aug 20, 2012 10:34pm Aug 20, 2012 10:34pm
i see ... personally i dont have kang gun's indi for that chart.

it's like market profile or merged profile or whatever it is... i dunno exactly

maybe u can browse here . or ask Kang Gun directly.... most of the time this guy make the indi directly by himself about what he is thinking

Kang Gun .......... any idea ?????





Quoting HotBiscuits
I think he meant this one:
http://www.forexfactory.com/attachme...1&d=1344427315


I would also be interested in hearing about it
not euphoria follower
  • #321,969
  • Aug 20, 2012 10:41pm Aug 20, 2012 10:41pm
Quoting TauTrader
Some people are obviously long.

GL

and others are short it would seem.......but is that not what makes a market?

Amen.
I don't trust any move - when you have profit...take it.
  • #321,970
  • Aug 20, 2012 10:42pm Aug 20, 2012 10:42pm
Quoting TauTrader
Good day to you,

Here is a different approach...

Do not see price going up from these levels, as gainst you - rather as extra discount.

Regards



wish I had your crystal ball.......or.......amen
I don't trust any move - when you have profit...take it.
  • #321,971
  • Aug 20, 2012 10:55pm Aug 20, 2012 10:55pm
creeping up on 5745 resistance..... what will she do!!!!!!!!! YIKES!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #321,972
  • Aug 20, 2012 11:05pm Aug 20, 2012 11:05pm
Quoting XTrade
creeping up on 5745 resistance..... what will she do!!!!!!!!! YIKES!
Yep she's persistent. I'm very curious to see IF she gets to the 50 fib retrace above Junes high around 5781 or so and what happens if and when we get there.
Come with me if you want to live....
  • #321,973
  • Aug 20, 2012 11:08pm Aug 20, 2012 11:08pm
Quoting Ill-b-back
OMG I just noticed your username

So is Forex trading your only "profession"?
Just kidding...
its actually my last name,

John Cumcannon, named after my father
  • #321,974
  • Aug 20, 2012 11:10pm Aug 20, 2012 11:10pm
She is persistent. I called for a break of this resistance on freaky Friday of last week.

Now that we are into Tues NYC EST or GMT-6

The week stands ahead full of possibilities.

I read the calendar for the week on Sat, but I need to update myself on what news may ROCK cable this week....

Quoting Ill-b-back
Yep she's persistent. I'm very curious to see IF she gets to the 50 fib retrace above Junes high around 5781 or so and what happens if and when we get there.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #321,975
  • Aug 20, 2012 11:12pm Aug 20, 2012 11:12pm
You know they say that last names used to be a representation of ones career, awesome name,

maybe your pops is a porno star from the early 70's!


Quoting Cumcannon
its actually my last name,

John Cumcannon, named after my father
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #321,976
  • Aug 20, 2012 11:13pm Aug 20, 2012 11:13pm
Quoting Cumcannon
its actually my last name,

John Cumcannon, named after my father
holy sheet man, this cant be serious
Money never sleeps...
  • #321,977
  • Aug 20, 2012 11:15pm Aug 20, 2012 11:15pm
Quoting Cumcannon
its actually my last name,

John Cumcannon, named after my father
Oh man, I DID NOT see that errr.. Coming.
I'm sorry dude, that's 1 in a million, please accept my apologies, I hope all ok.
SHIT.
Come with me if you want to live....
  • #321,978
  • Aug 20, 2012 11:22pm Aug 20, 2012 11:22pm
Quoting XTrade
She is persistent. I called for a break of this resistance on freaky Friday of last week.

Now that we are into Tues NYC EST or GMT-6

The week stands ahead full of possibilities.

I read the calendar for the week on Sat, but I need to update myself on what news may ROCK cable this week....
Well, the 38.2 retrace I think was finally broken on Friday the week before last after acting as resistance all week. It then acted as good daily support all last week, so is maybe a level to watch for any clues of a southern break. Still in summer duldrums and I here Sept is an active month. Maybe something then...
Come with me if you want to live....
  • #321,979
  • Aug 20, 2012 11:24pm Aug 20, 2012 11:24pm
guys, im going to bed, can barely see the screen, laughing so hard im crying at the whole cumcannon thing


fook me thats the funniest thing i heard this year

Money never sleeps...
  • #321,980
  • Aug 20, 2012 11:25pm Aug 20, 2012 11:25pm
Quoting Ill-b-back
Oh man, I DID NOT see that errr.. Coming.
.

all time classic FF posts these tonight. made my head ache i laughed so hard
Money never sleeps...
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