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Cable Update (GBPUSD)

  • #330,881
  • Nov 27, 2012 12:02am Nov 27, 2012 12:02am


Quoting FX Wolf
hi gm guys

i am closing half of my long at current rates, i am having a bad smelly feeling, if we get a daily close above 6055 i will jump back in
Loosening is not an option
  • #330,882
  • Nov 27, 2012 12:20am Nov 27, 2012 12:20am
Quoting FX Wolf
hi gm guys

i am closing half of my long at current rates, i am having a bad smelly feeling, if we get a daily close above 6055 i will jump back in
here it is why i think so ...

any suggestions ?
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Wolves don't lose any sleep over the opinion of the sheep.
  • #330,883
  • Nov 27, 2012 12:22am Nov 27, 2012 12:22am
Quoting Vilkas
For EU 1.3020 resistance and good for short
for Gu shows 1.6045 and 1.6060 resistance levels, if it will break 1.6060 then next is around 1.6120
hi Vilk

here is eur/usd


i think solid res weekly supply line might play big role around 3030
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Wolves don't lose any sleep over the opinion of the sheep.
  • #330,884
  • Nov 27, 2012 12:22am Nov 27, 2012 12:22am
Quoting FX Wolf
hi gm guys

i am closing half of my long at current rates, i am having a bad smelly feeling, if we get a daily close above 6055 i will jump back in
It's funny you say that, I'm selling into that bad smelly feeling, not because I don't like the smell of it, but Pound news may push this down quite a bit before we continue on our merry way up.

A bit of a test based on my observation of this pairs typical behaviour.
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  • #330,885
  • Nov 27, 2012 12:23am Nov 27, 2012 12:23am
Quoting FX Wolf
hi gm guys

i am closing half of my long at current rates, i am having a bad smelly feeling, if we get a daily close above 6055 i will jump back in
apparently... you, me and many others did the same thing few minutes ago near 6045

i will close whole trade if i see price moving upward near 6080.
stops are far need very bad gdp to get me
90% of traders use TA, indicators and prediction
  • #330,886
  • Nov 27, 2012 12:24am Nov 27, 2012 12:24am
Quoting FX Wolf
here it is why i think so ...

any suggestions ?
My view is the lower green line descending left to right with the red circles has this up move supported this week.
Come with me if you want to live....
  • #330,887
  • Nov 27, 2012 12:25am Nov 27, 2012 12:25am
Quoting FX Wolf
hi Vilk

here is eur/usd


i think solid res weekly supply line might play big role around 3030
also 3000 3030 is important area.
i hope this thing will crash heavy from these levels. am shorting chf everywhere
90% of traders use TA, indicators and prediction
  • #330,888
  • Nov 27, 2012 12:26am Nov 27, 2012 12:26am
Quoting Ill-b-back
It's funny you say that, I'm selling into that bad smelly feeling, not because I don't like the smell of it, but Pound news may push this down quite a bit before we continue on our merry way up.

A bit of a test based on my observation of this pairs typical behaviour.
90% of traders use TA, indicators and prediction
  • #330,889
  • Nov 27, 2012 12:28am Nov 27, 2012 12:28am
Inserted Video
not euphoria follower
  • #330,890
  • Nov 27, 2012 12:30am Nov 27, 2012 12:30am
Quoting Ill-b-back
It's funny you say that, I'm selling into that bad smelly feeling, not because I don't like the smell of it, but Pound news may push this down quite a bit before we continue on our merry way up.

A bit of a test based on my observation of this pairs typical behaviour.
What is your sell target?
If this break the yesterday low, this can be a problem.
In other words, in order to respect the bullish scenario (the famouse 1.6175 minimum target scenario) it have to not break yesterday low, so.. is this the final dip before the rally, or is a card-changing move?
We will know soon!
Good luck everybody! (i hold my longs, if yesterday low is broken, my new target will be today high)
  • #330,891
  • Nov 27, 2012 12:32am Nov 27, 2012 12:32am
Quoting _BBKing_


The plan is to make money on the way up and down and back up again.

Special tools needed for this

These guys are amazing by the way

Inserted Video


If they can do it, so can I
Come with me if you want to live....
  • #330,892
  • Nov 27, 2012 12:39am Nov 27, 2012 12:39am
Quoting tunera
What is your sell target?
If this break the yesterday low, this can be a problem.
In other words, in order to respect the bullish scenario (the famouse 1.6175 minimum target scenario) it have to not break yesterday low, so.. is this the final dip before the rally, or is a card-changing move?
We will know soon!
Good luck everybody! (i hold my longs, if yesterday low is broken, my new target will be today high)
I am eyeing off 5970 or so, but will posibly stay up tonight to watch it, Ill kill it if and when I get a bullish signal. By the strength of this move, there is a decent chance of catching money in each direction I think.

I don't have a problem with breaking yesterdays low and still heading at least to 6175 area.

Wife gets home from the zoo later so when she arrives, I will dissappear for a bit until after our dinner or so.
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  • #330,893
  • Nov 27, 2012 12:41am Nov 27, 2012 12:41am
I'm Confused for Long time ago... These Thread's for Cable Update (GBPUSD) but a lot PPL talk about another GBP/USD Pair.... I wish MOD changes the NAME Thread's.
Always looking the GREAT, never left GOOD Point...
  • #330,894
  • Nov 27, 2012 12:41am Nov 27, 2012 12:41am
Quoting Ill-b-back
Nice logical chart mate
That bullish H&S forming looks dangerously profitable.
Sorry - been abed.

Cheers. Let's hope so!
  • #330,895
  • Nov 27, 2012 12:45am Nov 27, 2012 12:45am
Quoting tunera
What is your sell target?
If this break the yesterday low, this can be a problem.
In other words, in order to respect the bullish scenario (the famouse 1.6175 minimum target scenario) it have to not break yesterday low, so.. is this the final dip before the rally, or is a card-changing move?
We will know soon!
Good luck everybody! (i hold my longs, if yesterday low is broken, my new target will be today high)
This is also an excellent spot 5953
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  • #330,896
  • Nov 27, 2012 12:46am Nov 27, 2012 12:46am
Quoting Tsar
I'm Confused for Long time ago... These Thread's for Cable Update (GBPUSD) but a lot PPL talk about another GBP/USD Pair.... I wish MOD changes the NAME Thread's.
What do you mean Tsar?
Come with me if you want to live....
  • #330,897
  • Nov 27, 2012 12:49am Nov 27, 2012 12:49am
Quoting Ill-b-back
This is also an excellent spot 5953

your becoming a very descent trader..im very happy to see such improvement in yur charting and execution..some people dont seem to improve and stay in same place charting wise..but u definitively a different moss

great to see
  • #330,898
  • Nov 27, 2012 12:52am Nov 27, 2012 12:52am
Quoting Ill-b-back
What do you mean Tsar?

A lot PPL didn't follow made Post the CORRECT Thread's...
If want talk about EUR/USD Pair : A lot Special EURO Threads in Interactive Trading section in ROOM.
Maybe... Senior Traders will give Guidance for NOT Answer/Reply the Question about another GBP/USD Pair
These my Idea...
Always looking the GREAT, never left GOOD Point...
  • #330,899
  • Nov 27, 2012 12:58am Nov 27, 2012 12:58am
Quoting nAVIN2007
your becoming a very descent trader..im very happy to see such improvement in yur charting and execution..some people dont seem to improve and stay in same place charting wise..but u definitively a different moss

great to see
meh... im jealous now
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #330,900
  • Nov 27, 2012 12:59am Nov 27, 2012 12:59am
Quoting nAVIN2007
your becoming a very descent trader..im very happy to see such improvement in yur charting and execution..some people dont seem to improve and stay in same place charting wise..but u definitively a different moss

great to see
Thanks so much nAV, yourself and Bones gave me much to think about , the analysis is for confirmation of signals really, helps make more sense of it all.

It's time consuming but fun.

My wife just pulled into the driveway and the dishes are still dirty, I had better go

Hope to log in later..
Come with me if you want to live....
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