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Cable Update (GBPUSD)

  • #330,621
  • Edited 4:12pm Nov 22, 2012 4:02pm | Edited 4:12pm
Quoting Ill-b-back
Damn forex is addictive.

Solid line weekly retest??

Looks valid to me

Let's see...

I just love charting nAV that's all bro
Quoting nAVIN2007
its gonna be tough but i cant see it going up..rather down..its one of those trades where my trusting to probability

Conform for CABLE...

Found Bullish Hammer Signal in Weekly Chart
Cable will UP to Price 1.6121
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-11-23_Cable in Weekly Chart.png Size: 38 KB
Always looking the GREAT, never left GOOD Point...
  • #330,622
  • Nov 22, 2012 4:04pm Nov 22, 2012 4:04pm
Quoting fx light
are you buying?
Yep.
It's Just my outlook though.

Got to go
Come with me if you want to live....
  • #330,623
  • Nov 22, 2012 4:49pm Nov 22, 2012 4:49pm

did not drop into my area of interest to add long ................

let it be ..................

maybe she wanna gave lower level to add another long OR just break the R directly....

there is always B ( contingency ) plan ...... just like a real business and life. nothing different ...

Inserted Video


Quoting iqyu5an
hoping drop to add another long ...
not euphoria follower
  • #330,624
  • Nov 22, 2012 5:32pm Nov 22, 2012 5:32pm
....... ;


..... ...... ;
90% of traders use TA, indicators and prediction
  • #330,625
  • Nov 22, 2012 5:36pm Nov 22, 2012 5:36pm
just went short.
  • #330,626
  • Nov 22, 2012 5:42pm Nov 22, 2012 5:42pm
at my eyes things are very clear.
price print bottom pattern in hourly TF into weekly demand area with an untested 6000 - 6040 level which will be attracting price like a (61% of main down move (assuming it's a down move) from 6170 to 5830) magnet.

this bottom pattern is validated until price keeps stayng and closing hourly candles >5870-80

until the patter is valid, price will be going to 6040 (or more if fundies allow)

meanwhile price will surely find reaction in every fucking minor + major supply level due to GBP weakness.

meanwhile the EUR gpb is recovering a lot of pips.

meanwhile is good for those who wants to catch more pips up-down.

so overall i think everybody is doing good for what i see.

but please stop thinking price will drop 500pips just because found reject at a supply, or that will skyrocket to 2.30 because broken 5900.

this thing is actually going nowhere and simply filling some orders in main + minor tech level until more reasons will later decide next trend.
90% of traders use TA, indicators and prediction
  • #330,627
  • Nov 22, 2012 5:46pm Nov 22, 2012 5:46pm
Quoting _BBKing_
at my eyes things are very clear.
price print bottom pattern in hourly TF into weekly demand area with an untested 6000 - 6040 level which will be attracting price like a (61% of main down move (assuming it's a down move) from 6170 to 5830) magnet.

this bottom pattern is validated until price keeps stayng and closing hourly candles >5870-80

until the patter is valid, price will be going to 6040 (or more if fundies allow)

meanwhile price will surely find reaction in every fucking minor + major supply level due to GBP weakness.

meanwhile...
As usual BB you are a valued voice of reason,
I have the utmost fucking respect for your abilities
Come with me if you want to live....
  • #330,628
  • Nov 22, 2012 5:48pm Nov 22, 2012 5:48pm
Quoting _BBKing_
....... ;


..... ...... ;
Ha ha yes all of these and probably more...
Come with me if you want to live....
  • #330,629
  • Nov 22, 2012 5:51pm Nov 22, 2012 5:51pm
Quoting Ill-b-back
Here we go, more charts, last one.

Showing entries, no exits yet
We could also sink deeper into demand zone to retest the broken black ------ TL
Come with me if you want to live....
  • #330,630
  • Nov 22, 2012 5:57pm Nov 22, 2012 5:57pm
Quoting cdndollar
Cable is temporary held in check with this classic 3 way lead lag Cross play between EURO EURGBP & GBP..
Considering how much EURGBP had advanced from today's low, the old fella is doing not too shabby standing firm here @1.5950.. expect Cable to resume its upside baby elephant march once EURGBP back off after max-out it's daily ATR here.. however, a deeper retrace would be more then welcome for those who had missed the sub 1.59 train.. fwiw..

Ill-b-back.. not being privy to previous history & judging only by his verbal outbursts shown today,...
morning..

another baby step along the elephants path..

Attached Image
  • #330,631
  • Nov 22, 2012 6:57pm Nov 22, 2012 6:57pm
Quoting Ill-b-back
Wrong, where am I wrong.

What was my call.

Has always been wrong?? Like where you guys were calling for the bear collapse from 59 while we marched to 63 in the 1st half of the year

Around September I said we see 63 again before any major down move.

Check your history mate
Faller, the fact that you were a bull BEFORE price point 1.59 is true, but is clearly irrelevant to the discussion,
Come with me if you want to live....
  • #330,632
  • Nov 22, 2012 6:58pm Nov 22, 2012 6:58pm
Quoting cdndollar
morning..

another baby step along the elephants path..

Attachment
Love your elephant tracks mate, very soothing...
Come with me if you want to live....
  • #330,633
  • Nov 23, 2012 12:17am Nov 23, 2012 12:17am
Quoting Ill-b-back
As usual BB you are a valued voice of reason,
I have the utmost fucking respect for your abilities

just trying to make things simple.
sometimes we are inclined to think our idea is the best.
by "WE" i mean people in here, including me!

in my trading experience i lost so much money and all for few simple reasons:
1.not close green position when in profits because targeting insane levels (let's say targeting now 1.63)
2.left losing position running thinking "ok now price will reverse".

market offers thousands of opportunities every day every week
90% of traders use TA, indicators and prediction
  • #330,634
  • Nov 23, 2012 12:21am Nov 23, 2012 12:21am
meanwhile i decided to scale out some of the EGbp long.
if goes up am ok
if back down, stops @be + profits.

can use account for other trades.
90% of traders use TA, indicators and prediction
  • #330,635
  • Nov 23, 2012 12:33am Nov 23, 2012 12:33am
agree...coz no straight line in this fuck*n* business

just imho..

that's why i close most of my long position in gu,eu,kiwi and aussie and let some position only in gu and eu.

weekly usd bar seems gonna finish in bearish pattern but it does not mean there will be direct bear next week. there is always two option : up and down ...



Quoting _BBKing_



in my trading experience i lost so much money and all for few simple reasons:
1.not close green position when in profits because targeting insane levels (let's say targeting now 1.63)
2.left losing position running thinking "ok now price will reverse".

market offers thousands of opportunities every day every week
not euphoria follower
  • #330,636
  • Nov 23, 2012 1:33am Nov 23, 2012 1:33am
cable is ready to break 1.60

i am also keeping an eye on EUR/JPY for potential short play at 106.85/95 and GBP/JPY at 132.55/65

fiber has closed above imp res line so bulls are in tight control for potential test of two number 2909 and 2925 if prices closed above these number then bulls are g2g along with cable

GM n GL
Wolves don't lose any sleep over the opinion of the sheep.
  • #330,637
  • Nov 23, 2012 1:40am Nov 23, 2012 1:40am
C'mon Pound, today's your day
Attached Image (click to enlarge)
Click to Enlarge Name: christmas trade2670if.gif Size: 17 KB
Come with me if you want to live....
  • #330,638
  • Nov 23, 2012 1:50am Nov 23, 2012 1:50am
Quoting iqyu5an
agree...coz no straight line in this fuck*n* business

just imho..

that's why i close most of my long position in gu,eu,kiwi and aussie and let some position only in gu and eu.

weekly usd bar seems gonna finish in bearish pattern but it does not mean there will be direct bear next week. there is always two option : up and down ...
give an eye in Eur GBP for the next week!
actually looks like pushing more up will be possible. i'm targeting .82 with an eye on .84
maybe .84 is far but 82 is possible in 1-2 weeks if things are lined up like this.
90% of traders use TA, indicators and prediction
  • #330,639
  • Nov 23, 2012 1:51am Nov 23, 2012 1:51am
Quoting Ill-b-back
C'mon Pound, today's your day
would be great!
let's and see
90% of traders use TA, indicators and prediction
  • #330,640
  • Nov 23, 2012 1:56am Nov 23, 2012 1:56am
Quoting _BBKing_
would be great!
let's and see
I think NY might go Ape-Shit today
Come with me if you want to live....
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