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Cable Update (GBPUSD)

  • #325,661
  • Oct 2, 2012 10:15am Oct 2, 2012 10:15am
Quoting TauTrader
Good day to you,

I'm looking very longterm and I have set my charts.

For GU -

1.59600
1.58800

For EU -

1.27800
1.25600
1.22600 maybe

Can this work?

regards
- For long term trading, we can look at daily charts:

1) For G/U, your levels don't match my levels.

11) I suggest longing G/u when it touch 61.8 ray of fibo fan.

2) For E/U, the same as G/U

- Cheers.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu fibo retracement.png Size: 26 KB
Click to Enlarge Name: gu fibo fan.png Size: 27 KB
Click to Enlarge Name: eu fibo retracement.png Size: 28 KB
Click to Enlarge Name: eu fibo fan.png Size: 26 KB
  • #325,662
  • Oct 2, 2012 10:21am Oct 2, 2012 10:21am
amazing i post my chart and the sum bitch flies
  • #325,663
  • Oct 2, 2012 10:24am Oct 2, 2012 10:24am
Quoting Ziko9o8
- For long term trading, we can look at daily charts:

1) For G/U, your levels don't match my levels.

11) I suggest longing G/u when it touch 61.8 ray of fibo fan.

2) For E/U, the same as G/U

- Cheers.
Cool,

You are right. I'm wrong. Sorry that I do not match your levels..

Regards
  • #325,664
  • Oct 2, 2012 10:24am Oct 2, 2012 10:24am
Quoting albchr
How do you know this? Why not short positions?
They trade all swing moves and drives the market ..here is picture how it looks and their entrys ...cant reveal information on this forum
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.jpg Size: 74 KB
  • #325,665
  • Oct 2, 2012 10:27am Oct 2, 2012 10:27am
Quoting TauTrader
Cool,

You are right. I'm wrong. Sorry that I do not match your levels..

Regards
- There's no need to be sorry, I just post what I'm seeing on my daily charts, to give you an idea of my fibo levels.
  • #325,666
  • Oct 2, 2012 10:33am Oct 2, 2012 10:33am
Quoting Ziko9o8
- There's no need to be sorry, I just post what I'm seeing on my daily charts, to give you an idea of my fibo levels.
Thank you - appreciated

Regards
  • #325,667
  • Oct 2, 2012 10:33am Oct 2, 2012 10:33am
Quoting volforex
They trade all swing moves and drives the market ..here is picture how it looks and their entrys ...cant reveal information on this forum Attachment
Too bad. Not a few minutes after you post that it flies.

All I saw was price getting crazy bouncing up and down but I had no clue what was going on as to which way it was gonna go. I'm just happy I'm long from 6140...LOL
Ghost Rider - WWTBMD?
  • #325,668
  • Oct 2, 2012 10:38am Oct 2, 2012 10:38am
Does anyone know , what causing cable to jump to 6185?
deep RoT is essential for everlasting happyness
  • #325,669
  • Oct 2, 2012 10:39am Oct 2, 2012 10:39am
Quoting nAVIN2007
amazing i post my chart and the sum bitch flies
London fixing fucking shit up... thank god we are still kept below by resistance so outlook still bearish....
problem is... market sentiment is bearish.... i wonder if we should believe it or not.... i tend to believe it now since it aint summer flows...
in summer flow, somebody made an interesting discovery that the market did opposite to the general sentiment....
but we're in october now... liquidity is up....
will the market be directed as it is? or the other way around?
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #325,670
  • Oct 2, 2012 10:41am Oct 2, 2012 10:41am
Quoting X.work
Does anyone know , what causing cable to jump to 6185?
London fixing hour... 4PM GMT, its now 4:41 PM GMT
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #325,671
  • Edited 10:49am Oct 2, 2012 10:46am | Edited 10:49am
- A great thing for me, already sold E/G.

- E/G M1:
Attached Image (click to enlarge)
Click to Enlarge Name: eg m1.png Size: 15 KB
  • #325,672
  • Oct 2, 2012 10:49am Oct 2, 2012 10:49am
Quoting bguguen
London fixing hour... 4PM GMT, its now 4:41 PM GMT
Dollar Index hit demand and PM Rajoy says Spain bailout request is not imminent implying that a bailout is required but no one knows how much they will ask for... bailout priced in but not the amount.

Another fake north if you ask me. I suspect hourly will close below 1.6165. Nice arrival into the h1 supply level. I missed the short here but got a short on EU.
  • #325,673
  • Oct 2, 2012 10:54am Oct 2, 2012 10:54am
Quoting bguguen
London fixing hour... 4PM GMT, its now 4:41 PM GMT
THANKS
deep RoT is essential for everlasting happyness
  • #325,674
  • Oct 2, 2012 10:59am Oct 2, 2012 10:59am
Way too much resistance upwards on the GBPUSD

1.6175 H4 EMA55
1.6177 H1 EMA200
1.6182 Weekly Pivot
1.6195 Weekly EMA200
All acting as resistance.....
this is one tight area keeping GBPUSD down...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd h1.gif Size: 20 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #325,675
  • Oct 2, 2012 11:04am Oct 2, 2012 11:04am
This hour we will know if buyers wants to reverse @ 1.6169
  • #325,676
  • Oct 2, 2012 11:06am Oct 2, 2012 11:06am
Quoting bbakker
Dollar Index hit demand and PM Rajoy says Spain bailout request is not imminent implying that a bailout is required but no one knows how much they will ask for... bailout priced in but not the amount.

Another fake north if you ask me. I suspect hourly will close below 1.6165. Nice arrival into the h1 supply level. I missed the short here but got a short on EU.

i think the move up is to complete the bear flag..if it remains in this zone..traders will see the flag formed channel..

personally see it as a fake as well..but i would say this, im short
not concerned..its likely to be a bear flag on 4hr
  • #325,677
  • Oct 2, 2012 11:09am Oct 2, 2012 11:09am
Quoting nAVIN2007
i think the move up is to complete the bear flag..if it remains in this zone..traders will see the flag formed channel..

personally see it as a fake as well..but i would say this, im short
not concerned..its likely to be a bear flag on 4hr
yo come on facebook!
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #325,678
  • Oct 2, 2012 11:10am Oct 2, 2012 11:10am
Quoting bbakker
Dollar Index hit demand and PM Rajoy says Spain bailout request is not imminent implying that a bailout is required but no one knows how much they will ask for... bailout priced in but not the amount.

Another fake north if you ask me. I suspect hourly will close below 1.6165. Nice arrival into the h1 supply level. I missed the short here but got a short on EU.
Well, it didn't close below 1.6165 which it managed to do since the end of last week. The dollar bears are having a go and it has printed a very nice bullish engulfing on the hourly. Expect more demand at the base of the pole as it has cleared some supply in and around the 1.62 area.

NY has set the high for the day and I suspect they will now retrace the move. I hope we get a nice retrace on EU.

I'm getting sucked into FF again... lol
  • #325,679
  • Oct 2, 2012 11:18am Oct 2, 2012 11:18am
Quoting nAVIN2007
i think the move up is to complete the bear flag..if it remains in this zone..traders will see the flag formed channel..

personally see it as a fake as well..but i would say this, im short
not concerned..its likely to be a bear flag on 4hr
It is a big bear flag. I dunno. Dollar bears are still in control. OK, so we have retraced since Ben announced unlimited QE, but with all the fundamentals flying around, CB intervention, it really makes for chop chop trading.

Even all the bad numbers coming out of the UK are not driving the £ down. EURCHF has finally woken up. Markets see Spain bailout as positive and risk is still on.
  • #325,680
  • Oct 2, 2012 11:24am Oct 2, 2012 11:24am
Quoting bbakker
It is a big bear flag. I dunno. Dollar bears are still in control. OK, so we have retraced since Ben announced unlimited QE, but with all the fundamentals flying around, CB intervention, it really makes for chop chop trading.

Even all the bad numbers coming out of the UK are not driving the £ down. EURCHF has finally woken up. Markets see Spain bailout as positive and risk is still on.
Hey BB,

how goes? see you still pop in here now and then?

hows the trading going? I'm progressing along quite nicely but PA has been crazy on fibre lately... just got short cable, agree we'll see a nice retrace
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