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Cable Update (GBPUSD)

  • #323,121
  • Aug 30, 2012 6:39pm Aug 30, 2012 6:39pm
Quoting inpatient
my main H4 chart
I find daytrading tricky bro, my hat off to you for doing it
"Mind games" don't help LOL...

Keep an eye out for PA at 58 and 5820.
Cheers mate
Come with me if you want to live....
  • #323,122
  • Aug 30, 2012 6:42pm Aug 30, 2012 6:42pm
Quoting Ill-b-back
I find daytrading tricky bro, my hat off to you for doing it
"Mind games" don't help LOL...

Keep an eye out for PA at 58 and 5820.
Cheers mate

im with you bro, the shift to longer term trades is upon us. My Uncle does this and tells me it is the only way to trade that makes sense if your trying to balance your life. Easy for him to say, he lives in a huge mansion in Marbella Spain overlooking the harbour. one day, one day,,,
Money never sleeps...
  • #323,123
  • Aug 30, 2012 6:43pm Aug 30, 2012 6:43pm
Quoting inpatient
Guys, talk about following my trend line, this thing is walking along it for what seems like forever..

Last time i didnt trust my lines enough and missed the chance on a long opportunity and got in late missing the boat somewhat. This time im already in long, looking for 1.586

from there i have pending shorts back down to 1.581, trouble is i expected this to play out sooner than this and certainly before the action afetr ben speaks tomorrow (dont really want to go into that with anything open until i see the move.

Gonna stay up late and see...
It's funny how that 5m chart looks similar to the last 5 years of GU in weekly chart
  • #323,124
  • Aug 30, 2012 6:55pm Aug 30, 2012 6:55pm
Quoting inpatient
im with you bro, the shift to longer term trades is upon us. My Uncle does this and tells me it is the only way to trade that makes sense if your trying to balance your life. Easy for him to say, he lives in a huge mansion in Marbella Spain overlooking the harbour. one day, one day,,,
Everyone sees different things in the market.
There's no one sure way for everyone
Come with me if you want to live....
  • #323,125
  • Aug 30, 2012 7:03pm Aug 30, 2012 7:03pm
Quoting inpatient
im with you bro, the shift to longer term trades is upon us. My Uncle does this and tells me it is the only way to trade that makes sense if your trying to balance your life. Easy for him to say, he lives in a huge mansion in Marbella Spain overlooking the harbour. one day, one day,,,
sounds like a great set up.
Did swing trading get him there??
Come with me if you want to live....
  • #323,126
  • Aug 30, 2012 7:24pm Aug 30, 2012 7:24pm
Quoting Uokko
It's funny how that 5m chart looks similar to the last 5 years of GU in weekly chart
I've noticed and noted the exact same thing on the 1min chart a number of times this year.
Come with me if you want to live....
  • #323,127
  • Aug 30, 2012 7:37pm Aug 30, 2012 7:37pm
Quoting Uokko
It's funny how that 5m chart looks similar to the last 5 years of GU in weekly chart
The 15 min chart also seems to be taking on a familiar shape (particularly yesterday's top before the drop).

I'll be interested to see what it looks like by the time we get to Reds 12 September Judgement Day
Come with me if you want to live....
  • #323,128
  • Aug 30, 2012 8:02pm Aug 30, 2012 8:02pm
Quoting Ill-b-back
The 15 min chart also seems to be taking on a familiar shape (particularly yesterday's top before the drop).

I'll be interested to see what it looks like by the time we get to Reds 12 September Judgement Day

becarefull of this situation bro..i doubt it will hapen..but u never know with this market..its a real fruitcake
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  • #323,129
  • Aug 30, 2012 8:21pm Aug 30, 2012 8:21pm
Quoting nAVIN2007
becarefull of this situation bro..i doubt it will hapen..but u never know with this market..its a real fruitcake
Hey Nav

It's already happened brother.
Check yesterday's drop against the GFC monthly (particularly the little spike up before the plummet.

It's just an interesting observation I have made on the 1min chart before. I made a post about it some time ago.

Personally, looking at this weekly congestion and continued upward pressure and those ascending weekly tails, the weekly looks like it just wants to bust free north over the medium/longer term.

I NOW see what you saw over 1year ago

Personally I would not be at all surprised to see the upper ascending red channel line I have on the weekly being touched again over the much longer term by the way weekly price had reacted to its lower parallel buddy line.
But I'm going to try and stay on the sidelines until its time to swing again.

What's your thoughts on this weekly congestion Nav?
Come with me if you want to live....
  • #323,130
  • Aug 30, 2012 8:30pm Aug 30, 2012 8:30pm
Quoting Ill-b-back
sounds like a great set up.
Did swing trading get him there??

nah he did that writing software for early computers in the 80's

was pretty much retired by the time he was 40. early 80's was a good time to get your degree in computer programming i heard...
Money never sleeps...
  • #323,131
  • Aug 30, 2012 8:32pm Aug 30, 2012 8:32pm
Quoting inpatient
nah he did that writing software for early computers in the 80's

was pretty much retired by the time he was 40. early 80's was a good time to get your degree in computer programming i heard...
Yep, he was ahead of the curve that's for sure.
Much like Bernankes mates I'm sure
Come with me if you want to live....
  • #323,132
  • Aug 31, 2012 12:15am Aug 31, 2012 12:15am
The probable last leg up failed take up but still not over , got one support 5265 & try best take control again. Now watching a bo towards 5700, 5687>37, 5590 or even down towards 5265 to up last time towards 6077,6150, previous top 6301. so all ranges in combination may take place . now bo playing carefully before the opposite.for smaller H1 chart watching breaks 5754 as confirmation.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #323,133
  • Aug 31, 2012 12:27am Aug 31, 2012 12:27am
My point of view is that cable is still in a run to break 1,59 soon....
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  • #323,134
  • Aug 31, 2012 12:43am Aug 31, 2012 12:43am


5800 is WPivot and 5810 is DPivot.
5820 is midpoint of yesterday's downmove and also yesterday's hourly support.

unless price gets 'immediatly' above all these levels, i suspect more down to come to go near previous low or even 5725
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90% of traders use TA, indicators and prediction
  • #323,135
  • Aug 31, 2012 12:53am Aug 31, 2012 12:53am
BEFORE and AFTER

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The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #323,136
  • Aug 31, 2012 12:54am Aug 31, 2012 12:54am
Quoting Nick35
My point of view is that cable is still in a run to break 1,59 soon....
ok , then only 38.2% fib to take over , bull may be so strong & likely fail at some top to have a great down to C continue ! possible but not happened yet , expecting regular pa & so breaks 5754 , better limit 5744 down to have good support at lows to try up, no that great tone for the bull yet at this levels ,rather more ranges to fail perhaps.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #323,137
  • Edited 1:25am Aug 31, 2012 1:12am | Edited 1:25am
http://a8.sphotos.ak.fbcdn.net/hphot...44331737_n.jpg


capture time: 1:53PM Tokyo Time
  • #323,138
  • Aug 31, 2012 1:49am Aug 31, 2012 1:49am
No more trading for me, but worth a look
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Come with me if you want to live....
  • #323,139
  • Aug 31, 2012 1:56am Aug 31, 2012 1:56am
It was all looking long for the bulls at yesterday's hi - then a precipitous sell off off that 76.4% of 5909-5753 right down to the 85.4% of 5753-5873 (yesterday's hi) and a bounce here - the area re-tested in early London trading and another bounce. Yesterday's Daily candle a bearish master engulfing x 3 but price remains above that previous daily range hi of 5774 area.

G/L
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ex member
  • #323,140
  • Aug 31, 2012 2:02am Aug 31, 2012 2:02am
Good day,

Started building short. Will manage as we progress.

Regards
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