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Cable Update (GBPUSD)

  • #331,561
  • Dec 4, 2012 4:08am Dec 4, 2012 4:08am
Quoting A-speculator
are you sure it's 6140 and not 6175?
Actually both. Planning to add both at 6140 and 6175. I have a feeling that we might see a very swift move down to 1.57 within next 3-4 weeks. I'm probably dreaming. See attached.
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  • #331,562
  • Dec 4, 2012 4:09am Dec 4, 2012 4:09am
what i'm waiting for right now is follow thru and retest in kiwi on the 61 fibo..
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  • #331,563
  • Dec 4, 2012 4:10am Dec 4, 2012 4:10am
Quoting FX Wolf
some EW count is suggesting higher much higher than 6140, i hope you are using good risk/money management
It's a small short for now. Bigger shorts coming higher.
  • #331,564
  • Dec 4, 2012 4:11am Dec 4, 2012 4:11am
Quoting CasperTrader
Actually both. Planning to add both at 6140 and 6175. I have a feeling that we might see a very swift move down to 1.57 within next 3-4 weeks. I'm probably dreaming. See attached.
i don't know about feeling mate.. until that time comes, then only i can tell you whether it will go bearish or not.
  • #331,565
  • Dec 4, 2012 4:12am Dec 4, 2012 4:12am
Quoting fxtyrant
for me im actually expecting USDCHF to go all the way up and above 0.9400 tbh.... just looking at daily charts here.... we seem to be bottomed out... and EMA55 finally ovedbelow EMA200 meaning its time to look for longs
With that 0.94 being the last line of defense, if cleared. we can see those Upper Blue and Upper Red being reached and i wont be surprised as those areas are gona have huge amount of orders that must look juicy for them bankers...
Fundies cant get any better than this..... SNB ALREADY confirmed the December 10 Negative Interest...
i can't say that for sure mate.. atm PA doesn't show that yet.. from daily, as you can see, we keep closing at new low..
  • #331,566
  • Dec 4, 2012 4:14am Dec 4, 2012 4:14am
Quoting A-speculator
i can't say that for sure mate.. atm PA doesn't show that yet.. from daily, as you can see, we keep closing at new low..
well i trade the daily and shit could take weeks before things formulate...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #331,567
  • Dec 4, 2012 4:30am Dec 4, 2012 4:30am
Quoting A-speculator
i can't say that for sure mate.. atm PA doesn't show that yet.. from daily, as you can see, we keep closing at new low..
I know. I maybe totally wrong. Feelings don't have a place in forex.
  • #331,568
  • Dec 4, 2012 4:33am Dec 4, 2012 4:33am
Quoting CasperTrader
Actually both. Planning to add both at 6140 and 6175. I have a feeling that we might see a very swift move down to 1.57 within next 3-4 weeks. I'm probably dreaming. See attached.
i have analyzed your chart, the bands are starting to diverge which shows increased volatility in coming days to come and i see potential target at general resistance area/zone 6280/6300,

either side of BB will follow the strong

Inserted Video
Wolves don't lose any sleep over the opinion of the sheep.
  • #331,569
  • Dec 4, 2012 4:53am Dec 4, 2012 4:53am
today range so far 40pips, something more to come.
Let's wait...
  • #331,570
  • Dec 4, 2012 5:05am Dec 4, 2012 5:05am
Quoting CasperTrader
Actually both. Planning to add both at 6140 and 6175. I have a feeling that we might see a very swift move down to 1.57 within next 3-4 weeks. I'm probably dreaming. See attached.
i also notice that possibility!!
maybe not 3-4 weeks, just few more but surely not to be excluded.
must wait patiently price to show weakness for that.
90% of traders use TA, indicators and prediction
  • #331,571
  • Dec 4, 2012 5:06am Dec 4, 2012 5:06am
Quoting _BBKing_
i also notice that possibility!!
maybe not 3-4 weeks, just few more but surely not to be excluded.
must wait patiently price to show weakness for that.
  • #331,572
  • Dec 4, 2012 5:39am Dec 4, 2012 5:39am
Quoting A-speculator
not yet mate, not yet..
yes right
let's see how things develops today.
i have any position open, will wait like an hawk
90% of traders use TA, indicators and prediction
  • #331,573
  • Dec 4, 2012 6:42am Dec 4, 2012 6:42am
Quoting chazzle
GU W1

Weekly Morning Star - it's real-body mid at 960. Friday real-body mid at 983 - I would favour a pullback to go long in this area (candles permitting) aiming for weekly res. (current level) then monthly res. around 140
UPDATE
monthly res. starting to show a bit of influence on ltfs imo
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  • #331,574
  • Dec 4, 2012 6:46am Dec 4, 2012 6:46am
next station: 6175
  • #331,575
  • Dec 4, 2012 7:03am Dec 4, 2012 7:03am
just sharing the link to today's live session where i discussed some setups on GU - EU - but also some "minor" crosses

no adversting. no selling. no spamming. no merchandising. no need of youtube views. nothing at all.
simply putting few words in addition to my posts.
1hour long, good for swing trading, no scalping
90% of traders use TA, indicators and prediction
  • #331,576
  • Dec 4, 2012 7:30am Dec 4, 2012 7:30am
Reversal at this stage ? lets see. 1Hr PA indicating reversal. I think Worth a short at this level. I will keep my SL very tight
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  • #331,577
  • Dec 4, 2012 7:59am Dec 4, 2012 7:59am
come on.. break it!
  • #331,578
  • Dec 4, 2012 8:12am Dec 4, 2012 8:12am
by the way, there is something weird in the market atm.

Gold and oil are tanking big, and usd is in sell-off mode too.
Now, all those moneys are going somewhere, looks like some are going in risk currencies, however the gains are pretty limited.



Do somebody have a clue about what's going on?
  • #331,579
  • Dec 4, 2012 8:17am Dec 4, 2012 8:17am
Quoting tunera
by the way, there is something weird in the market atm.

Gold and oil are tanking big, and usd is in sell-off mode too.
Now, all those moneys are going somewhere, looks like some are going in risk currencies, however the gains are pretty limited.



Do somebody have a clue about what's going on?
i think because of commodity related news just being released.. see ucad.. just like BB and I been discussed yesterday.

my point is trade more/focus more into commodity currencies for the time being.
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  • #331,580
  • Dec 4, 2012 8:48am Dec 4, 2012 8:48am
Quoting TauTrader
So-

Here's EU - possible?
good day to all,

I have now added another short on EU from the initial entry yesterday..

No GU trades..

Let us hope we do not get to this..

(click on the chart to open in a new screen..)
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