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Cable Update (GBPUSD)

  • #324,741
  • Sep 21, 2012 5:10am Sep 21, 2012 5:10am
Quoting gavalar
if you draw a new fibo on h1, first stop back from the high which is 23.6 is the previous high. This is at 1.62725 so I think Red is almost spot on, anywhere between that and 1.6269 will be the place to watch if it is to continue its upward trend.
Out for 25 pips. Not willing to risk too much since I'm in recovery mode from that big move up
Show Me Your Pips!!!
  • #324,742
  • Sep 21, 2012 5:10am Sep 21, 2012 5:10am
I'm with you since last week @6187
may The Force be with us


Quoting albchr
Ummmm.....me...

Probably an idiot but ... long at 6289 and dam the torpedos! Profit or bust, I don't care!
  • #324,743
  • Sep 21, 2012 5:18am Sep 21, 2012 5:18am
Quoting nAVIN2007
10 pips is never enough bro..if yur going to do stuff like this, where u need accuracy..u have to use trendlines..

it looks like it was the bloody spread that made u get it

Yeah thats exactly what it was, my fault for too tight a stop. Now I know for next time a 10 pip safety net isnt enough...

I use trendlines Nav, are you talking specifically about the decending trendling on Daily drawn from end of April last year? In which case my stop needed to be nearer 1.6330??
  • #324,744
  • Sep 21, 2012 5:20am Sep 21, 2012 5:20am
Quoting nAVIN2007
not quite a dark cloud cover on 1hr but..bears..are holding da bulls by the balls
Personally I think they are just jerking them off (not holding their balls) and in the end....the bulls will be happy!
Ghost Rider - WWTBMD?
  • #324,745
  • Sep 21, 2012 5:23am Sep 21, 2012 5:23am
Quoting Freshpips
Yeah thats exactly what it was, my fault for too tight a stop. Now I know for next time a 10 pip safety net isnt enough...

I use trendlines Nav, are you talking specifically about the decending trendling on Daily drawn from end of April last year? In which case my stop needed to be nearer 1.6330??

100% completely technical..retest of the back of the trendline
will it hold no idea but..might as well give it a bash
Attached Image (click to enlarge)
Click to Enlarge Name: cable10.gif Size: 24 KB
  • #324,746
  • Sep 21, 2012 5:26am Sep 21, 2012 5:26am
Quoting albchr
Personally I think they are just jerking them off (not holding their balls) and in the end....the bulls will be happy!
  • #324,747
  • Sep 21, 2012 5:26am Sep 21, 2012 5:26am
Quoting nAVIN2007
100% completely technical..retest of the back of the trendline
will it hold no idea but..might as well give it a bash
which ironically is now 23.6 on the 1 hour fibo and where it is testing now
  • #324,748
  • Sep 21, 2012 5:28am Sep 21, 2012 5:28am
Quoting nAVIN2007
100% completely technical..retest of the back of the trendline
will it hold no idea but..might as well give it a bash

Duly noted.
  • #324,749
  • Sep 21, 2012 5:34am Sep 21, 2012 5:34am
Quoting gavalar
which ironically is now 23.6 on the 1 hour fibo and where it is testing now
its crazy isnt how this is all possible..
  • #324,750
  • Sep 21, 2012 5:34am Sep 21, 2012 5:34am
aaaa...bulls lock your profits

lower levels printing and it is clearer 1.6240-42....it might work

why leave it on the table.just trail what you have.
  • #324,751
  • Sep 21, 2012 5:35am Sep 21, 2012 5:35am
GU heading towards 1.63300 area. Bull is creating a higher low now before going north again. Bullish on GU ftw.
  • #324,752
  • Sep 21, 2012 5:43am Sep 21, 2012 5:43am
Pardon the messy chart. I normally keep them cleaner.

I'm begining to think my memory is failing. A few days back I had a plan based on this daily but I never thought about it again.

Red line - Monthly mid channel. Green TL's monthly, Blue TL's weekly.

I KNEW that weekly decending was a strong line given it's intersection with price and fibs. Look at yesterdays pin!

My "plan" a few days back was to simply go long there. Why I didn't? Memory? Stupid? Impression the trend had changed? Constant interuptions at home? All of them? I don't know but I didn't.

Now that Red monthly channel line is strong too. Break that and we're looking up. But look at what a wonderful trade off the weekly TL that would have been if I'd only REMEBERED!! LOL
Attached Image (click to enlarge)
Click to Enlarge Name: gu_daily.gif Size: 40 KB
Ghost Rider - WWTBMD?
  • #324,753
  • Sep 21, 2012 5:44am Sep 21, 2012 5:44am
Quoting nAVIN2007
u long term trader u
I've seen the light nAV, I've seen the light :nerd:
Holding firm on the 5862 long and now keen to see what next weeks open shows after this double top? Or will we keep climbing tonight?

I still think that weekly cluster September broke out of below us is a powerful bullish reversal pattern, but will know more Monday morning.

Green pips mate
Come with me if you want to live....
  • #324,754
  • Sep 21, 2012 6:02am Sep 21, 2012 6:02am
Quoting Ill-b-back
I've seen the light nAV, I've seen the light :nerd:
Holding firm on the 5862 long and now keen to see what next weeks open shows after this double top? Or will we keep climbing tonight?

I still think that weekly cluster September broke out of below us is a powerful bullish reversal pattern, but will know more Monday morning.

Green pips mate

good stuff buddy..its all lot easier isnt it..and stress free
  • #324,755
  • Sep 21, 2012 6:04am Sep 21, 2012 6:04am
Quoting redbeben
important buyers down there...no other rumor

EU should drop to 3002 first and GU to 6269-65 first

later I'll come with the rest of the levels

it should drop to starting levels we had today.....but it's friday...normally what I trade Friday is opposite

40 pips green on EU now,locking 20

on GU just BE
  • #324,756
  • Sep 21, 2012 6:06am Sep 21, 2012 6:06am
Quoting redbeben
red sees things but friday he is usually wrong

uchf needs to go to 0.9314 0.9325 0.9336 if 9314 fails to hold

just pick one of the numbers alright
comming closer to TP 1
  • #324,757
  • Sep 21, 2012 6:08am Sep 21, 2012 6:08am
Quoting nAVIN2007
good stuff buddy..its all lot easier isnt it..and stress free
Pretty much
Come with me if you want to live....
  • #324,758
  • Sep 21, 2012 6:13am Sep 21, 2012 6:13am
Quoting redbeben
anyway 1.6269 should be...I want it
Freaking awesome! 62707 (so far) on my feed.

Are you the man behind the curtain??

Just one question. On what TF will you look to confirm it's either held, or failed?
Ghost Rider - WWTBMD?
  • #324,759
  • Sep 21, 2012 6:18am Sep 21, 2012 6:18am
ZE moment of trus nau


1.6269-1.6255-1.6242
1.3003-1.2980-1.2959
0.9314-0.9332-0.9350
  • #324,760
  • Sep 21, 2012 6:20am Sep 21, 2012 6:20am
Quoting nAVIN2007
good stuff buddy..its all lot easier isnt it..and stress free
I hope you are out from your old long trade gpb/usd by now?
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