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Cable Update (GBPUSD)

  • #327,681
  • Oct 21, 2012 4:17pm Oct 21, 2012 4:17pm
Quoting ForexRatVN
15992 is good, but not what I am looking for. I need to see 15299 as final target for my shorts. Good luck to all here
That would be splendid
Come with me if you want to live....
  • #327,682
  • Oct 21, 2012 4:43pm Oct 21, 2012 4:43pm
Quoting Bones
LMAO is that you F ?
rofl.... give me 25 years and a few truck loads of ice cream and that could be me.
  • #327,683
  • Oct 21, 2012 8:51pm Oct 21, 2012 8:51pm
Quoting fxtyrant
Hey Fellas, sooo this is bguguen here..... ive just requested twee to change my username to fxtyrant to preserve some of my privacy!
good luck to you all guys, im still holding shorts on GBPUSD
yes even i am short but unless it breaks 1.6000 again on the downside shorts are weak. similarly on the long side 1.6020 has to break. let me know your views
  • #327,684
  • Oct 21, 2012 10:32pm Oct 21, 2012 10:32pm
Quoting fxtyrant
Hey Fellas, sooo this is bguguen here..... ive just requested twee to change my username to fxtyrant to preserve some of my privacy!
good luck to you all guys, im still holding shorts on GBPUSD
I would say the lowest it can go is around 1.597x. I would be really interested to know how do you figure out that it's still going down.
deep RoT is essential for everlasting happyness
  • #327,685
  • Oct 21, 2012 10:39pm Oct 21, 2012 10:39pm
2 weeks ago we had a fake break south of the 23.6 fib, closing just above it.

Last week we broke through it again and closed below it on Thursday I think. We retested this fib on Friday and dropped some.

The daily pattern is a little odd in my opinion but the weekly is more convincing of continued down move to the next fib perhaps at 5915 or so as next target.
Come with me if you want to live....
  • #327,686
  • Oct 21, 2012 11:00pm Oct 21, 2012 11:00pm
EU and GU on fibo on H1

sell position


EU on H4 bounced from fibo
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  • #327,687
  • Oct 21, 2012 11:18pm Oct 21, 2012 11:18pm
Quoting walkman
EU and GU on fibo on H1

sell position


EU on H4 bounced from fibo
m15 closed nice

waiting signal on lower TF
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  • #327,688
  • Oct 21, 2012 11:28pm Oct 21, 2012 11:28pm
Quoting Daddypips
You sure this is right? Entry at 1.6000 with stop loss at 1.5750! Your risking 250 pips for a possible 180? High risk low reward surely?
Opps. Typo. SL is 1.5950.
  • #327,689
  • Oct 21, 2012 11:33pm Oct 21, 2012 11:33pm
Quoting bbmac
Friend, you could well be right about the 88.6% fib in general and in this particular example of the 5975-6177 move which is thereabouts at last week's/Friday's low. I have no idea - it is not a fib I use and I do use them. How is it calculated - Do you know ?

There too was a previous 1hr swing lo zone (previous near-term obvious imbalance of demand over supply that caused price to rise) tested earlier on Friday and that saw a bounce that rally shortlived as sellers came back in resulting in another (2nd) test where demand was again encountered...
88.6% is calculated as follows. Take the golden ratio 0.618, and square root it twice. See the link below for a clearer explanation.

I am in with a long position around 1.6000-10. Lets see how it goes.

http://www.dailyforex.com/forex-arti...Pip-Move/10827
  • #327,690
  • Oct 21, 2012 11:39pm Oct 21, 2012 11:39pm
Quoting ForexMGames
Opps. Typo. SL is 1.5950.
Haha thought so! Was going to feel sorry for your account balance haha!
Trading comes quickly, patience and discipline does not!
  • #327,691
  • Oct 22, 2012 12:56am Oct 22, 2012 12:56am
why is it still rallying? although euro has corrected. very difficult to trade this sideways movement
  • #327,692
  • Oct 22, 2012 1:15am Oct 22, 2012 1:15am
Quoting Nachiket
why is it still rallying? although euro has corrected. very difficult to trade this sideways movement

dont worry...just a little retracement ..H4 still up. Im using stoch 14.3.3 to follow H4 trend..entry on m5
  • #327,693
  • Oct 22, 2012 1:22am Oct 22, 2012 1:22am
Quoting Nachiket
why is it still rallying? although euro has corrected. very difficult to trade this sideways movement
Calm down dude, last thing anyone should do is to trust a monday move
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #327,694
  • Oct 22, 2012 1:23am Oct 22, 2012 1:23am
Quoting fxtyrant
Calm down dude, last thing anyone should do is to trust a monday move
yes i know. but thought I had a nice sell at 1.6010. still holding it but it is not coming down below 1.6020 either
  • #327,695
  • Oct 22, 2012 1:37am Oct 22, 2012 1:37am
Quoting Nachiket
why is it still rallying? although euro has corrected. very difficult to trade this sideways movement
Because somebody still wants to sell at support ..and of course smarter getting it higher
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  • #327,696
  • Oct 22, 2012 1:44am Oct 22, 2012 1:44am
looks like this pullback is done
  • #327,697
  • Oct 22, 2012 1:46am Oct 22, 2012 1:46am
Quoting chazzle
looks like this pullback is done
  • #327,698
  • Oct 22, 2012 1:50am Oct 22, 2012 1:50am
still hold my longs.. h4 still pointing up

http://s7.postimage.org/fiar3ymk7/image.jpg
  • #327,699
  • Oct 22, 2012 1:53am Oct 22, 2012 1:53am
Quoting chazzle
looks like this pullback is done
ok maybe not
  • #327,700
  • Oct 22, 2012 1:54am Oct 22, 2012 1:54am
Quoting chazzle
ok maybe not
yes its crazy predicting this pair
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