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Cable Update (GBPUSD)

  • #330,221
  • Nov 18, 2012 2:41pm Nov 18, 2012 2:41pm
I think 957 is reasonable. The imminent future is more easily predicted than the long term.
  • #330,222
  • Nov 18, 2012 3:22pm Nov 18, 2012 3:22pm
Quoting nAVIN2007
The Novice Trader
1.They tend to follow the crowd.
Watch what others are doing
Comfort in numbers
2.They avoid taking risk unless others are sharing the risk as well.
3.They feel that if others are buying then it is "ok" for them to buy, too.
4.They act on the advice of so called "experts", i.e. the advice of market gurus, CNBC, analysts, and their brokers.
[color=#000000]5.As...
Love it
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #330,223
  • Nov 18, 2012 4:15pm Nov 18, 2012 4:15pm
Well, got a bullish signal at market open I won't deny, but it's a weird one.

I'm watching 5911/5974.

I actually think we can get to 5974, it would be typical Cable.

The weekly 50 fib confluence is undeniable though, Personally, I think we will get there this week.
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Come with me if you want to live....
  • #330,224
  • Nov 18, 2012 4:31pm Nov 18, 2012 4:31pm
Retailers are also said to be long the USD so I expect the "Pound" to strengthen.
I wonder what the retailer position will be at 5974 will they be shorting USD?

I hope so
Come with me if you want to live....
  • #330,225
  • Nov 18, 2012 6:17pm Nov 18, 2012 6:17pm
Quoting Ill-b-back
Retailers are also said to be long the USD so I expect the "Pound" to strengthen.
I wonder what the retailer position will be at 5974 will they be shorting USD?

I hope so
On the other hand, that king of thieves tomorrow could easily drive us to 6230 area
Come with me if you want to live....
  • #330,226
  • Nov 18, 2012 6:19pm Nov 18, 2012 6:19pm
Quoting Ill-b-back
On the other hand, that king of thieves tomorrow could easily drive us to 6230 area
so i'm not the only one who think this week we'll see at least 6175, cheers
  • #330,227
  • Nov 18, 2012 6:36pm Nov 18, 2012 6:36pm
Quoting tunera
so i'm not the only one who think this week we'll see at least 6175, cheers
Well yep, I'm just doing rough calculations based on the timeframe I watch, but I'm still learning it.
I see very decent possibility of 400 pip up move from last weeks low.
To me, the daily candle reversal pattern looks piss weak, but I've got to take the signals when they arrive, I am learning to just do this and ignore apparent PA.
I'm still bearish weekly with stop above high of 63 area.

In my wet forex dream, I hold my weekly short, we go to 6230 area, then get a bearish reversal signal, close out my long and I load up another short and get to 52xx area by end of the year
Come with me if you want to live....
  • #330,228
  • Edited 9:20pm Nov 18, 2012 9:09pm | Edited 9:20pm
Quoting Ill-b-back
Well yep, I'm just doing rough calculations based on the timeframe I watch, but I'm still learning it.
I see very decent possibility of 400 pip up move from last weeks low.
To me, the daily candle reversal pattern looks piss weak, but I've got to take the signals when they arrive, I am learning to just do this and ignore apparent PA.
I'm still bearish weekly with stop above high of 63 area.

In my wet forex dream, I hold my weekly short, we go to 6230 area, then get a bearish reversal signal, close out my long and I load up another short and...
Still bearish @ long i agree, but short reach 6230, i didn't. max short just 6060
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even better than mama
  • #330,229
  • Nov 18, 2012 9:39pm Nov 18, 2012 9:39pm
Quoting PskovFX
if Cable grows above 1,5900 next week, most probable target will be 1,5975
Ok, my target is 1.5975
the point for selling can be at the level 1,5995
  • #330,230
  • Nov 18, 2012 10:00pm Nov 18, 2012 10:00pm
I think the weekly plan of the market on sales isn't complete still. If week will closed at level 1,5780 it could be a signal to growth. If below, possibly further fall somewhere around 1,5550 now it is hard to say more exact.
  • #330,231
  • Nov 19, 2012 1:48am Nov 19, 2012 1:48am
some bear signals.

still all day can be bearish
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  • #330,232
  • Nov 19, 2012 1:58am Nov 19, 2012 1:58am
good for bull
Quoting walkman
some bear signals.

still all day can be bearish
not euphoria follower
  • #330,233
  • Nov 19, 2012 2:12am Nov 19, 2012 2:12am
Quoting walkman
some bear signals.

still all day can be bearish
The more bearing now will be the stronger fly up.

The athlete often lowers centroid before jumping high.

My bias is bull for the GU as long as the price stays above 15820
  • #330,234
  • Nov 19, 2012 2:16am Nov 19, 2012 2:16am
if she is not goin' there ... there could be strong bull

but no body knows ...
Quoting iqyu5an
good for bull
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not euphoria follower
  • #330,235
  • Nov 19, 2012 2:22am Nov 19, 2012 2:22am
G/M

base of previous daily/minor weekly swing lo at today's current hi, also there weekly R1 and 23.6% 6215-5827.

Signs of strength on 1hr/4hr - how strong are the bulls now ?

G/L
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ex member
  • #330,236
  • Nov 19, 2012 2:24am Nov 19, 2012 2:24am
moves up on h4 not to big to say that its going up. If it doesn't make new high.

it can be very good place to sell.
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  • #330,237
  • Nov 19, 2012 2:26am Nov 19, 2012 2:26am
[/quote]
Quoting iqyu5an
if she is not goin' there ... there could be strong bull

but no body knows ...
assuming you knew that well
  • #330,238
  • Edited 2:43am Nov 19, 2012 2:29am | Edited 2:43am
agree, sell to test friday's low ( at least )

we just broke friday's high, and how u see the reaction around this level bro when the PA trying to break it again ? become support ?

no body knows ...


Quoting walkman
moves up on h4 not to big to say that its going up. If it doesn't make new high.

it can be very good place to sell.
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not euphoria follower
  • #330,239
  • Nov 19, 2012 2:45am Nov 19, 2012 2:45am
will share my ideas, charts and leves by live @9.00gmt (in 15 minutes from now)
just join it's free and we can interact live.

topic:

1. GBP USD
2. EUR USD
3. XAU USD

total 55 minutes max!

link here
http://www.dukascopy.com/tv/Live
it's free (...!)
90% of traders use TA, indicators and prediction
  • #330,240
  • Nov 19, 2012 2:55am Nov 19, 2012 2:55am
gu for me in good position to sell. but what did eu i dont like (but eu not make new high still on h4)

still waiting
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