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Cable Update (GBPUSD)

  • #332,381
  • Dec 13, 2012 1:02am Dec 13, 2012 1:02am
just sharing...

see how you should not follow the indicator blindly..

see the RSI, almost gonna get off the chart but the price keep on climbing..

somebody gonna get burned by following the indis blindly..

so, please everybody, follow the price, use the indis as a helping hand and not your decision making tools.
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  • #332,382
  • Dec 13, 2012 1:03am Dec 13, 2012 1:03am
strange world

90% of traders use TA, indicators and prediction
  • #332,383
  • Dec 13, 2012 1:06am Dec 13, 2012 1:06am
Quoting _BBKing_
strange world

you see this PA? man, cable these days is not moving much... compared with fiber..

should've buy fiber first during the asian.. oh well..
  • #332,384
  • Dec 13, 2012 1:18am Dec 13, 2012 1:18am
Quoting A-speculator
you see this PA? man, cable these days is not moving much... compared with fiber..

should've buy fiber first during the asian.. oh well..
Ok, what i was worried is happened, cable going up after small retracement and also creating new high, as long as the sellers not give up, it will continoue flying high to netralize them. Euro / GBP fying high also that's why euro still up there....
Bull still strong so far for cable....
  • #332,385
  • Dec 13, 2012 1:22am Dec 13, 2012 1:22am
Quoting Red Alert
Ok, what i was worried is happened, cable going up after small retracement and also creating new high, as long as the sellers not give up, it will continoue flying high to netralize them. Euro / GBP fying high also that's why euro still up there....
Bull still strong so far for cable....
direction is not the issue mate, at the time cable & fiber found support during this asian (both found support about the same time where cable was at 6130 and fiber at 3060), i should've long fiber, which i don't.. i long cable instead..

and fiber is giving twice or triple more pips than cable atm.. oh well..
  • #332,386
  • Dec 13, 2012 1:36am Dec 13, 2012 1:36am
Quoting A-speculator
you see this PA? man, cable these days is not moving much... compared with fiber..

should've buy fiber first during the asian.. oh well..

Egbp should try to breakout into 81 to test 82.
if not now.... when?
furthermore from a relative point of view if market has to go up in risk mode, GU can get more 500-600 pips like drinking a glass of water, while the EU still has to manage with the fucking 1.31 area.

personally, until the EU has not breakout this whole area, i don't expect futher rise in GU.
just an idea of course.
i'm holding longs in EU and Egbp.
but already scaled out since the area is still showing problems and all xxx/chf pairs are in great possible reversal area (i mean in hourly TF so short term)
lets see
90% of traders use TA, indicators and prediction
  • #332,387
  • Dec 13, 2012 1:44am Dec 13, 2012 1:44am
Quoting _BBKing_
Egbp should try to breakout into 81 to test 82.
if not now.... when?
furthermore from a relative point of view if market has to go up in risk mode, GU can get more 500-600 pips like drinking a glass of water, while the EU still has to manage with the fucking 1.31 area.

personally, until the EU has not breakout this whole area, i don't expect futher rise in GU.
just an idea of course.
i'm holding longs in EU and Egbp.
but already scaled out since the area is still showing problems and all xxx/chf pairs are in great possible reversal area (i mean...
oh man.. i did have the chance to long fiber this asian but missed it.. i can't long at current price tho..

as for chf, mainly the swissy, seems like the price found resistance at 9270 area.. perhaps swissy might move a little more downwards to about 9140-50 area before reversal..
  • #332,388
  • Dec 13, 2012 1:47am Dec 13, 2012 1:47am
Quoting A-speculator
direction is not the issue mate, at the time cable & fiber found support during this asian (both found support about the same time where cable was at 6130 and fiber at 3060), i should've long fiber, which i don't.. i long cable instead..

and fiber is giving twice or triple more pips than cable atm.. oh well..
yes agree with you mate, fiber still at least 60 Pips from mentioned support (13060) to previous high (1.3121) to be reached. It's should be green already, good luck....i prefer to wait. take long at this point is too high for me....... waiting for the riversal.....
  • #332,389
  • Dec 13, 2012 2:22am Dec 13, 2012 2:22am
Based on the structure of the chart in H4 the price is tumbling in an upside channel and the same time we are looking at AB=CD pattern. it's expected to have the price dropped if the bears come in and also negative(downside) divergence approval was reached due to completion of the time
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  • #332,390
  • Dec 13, 2012 2:26am Dec 13, 2012 2:26am
i think santa is coming... this early he come early i think..
  • #332,391
  • Dec 13, 2012 2:40am Dec 13, 2012 2:40am
Quoting A-speculator
i think santa is coming... this early he come early i think..
santa coming to bring cable where north or south, ..? :
  • #332,392
  • Dec 13, 2012 2:48am Dec 13, 2012 2:48am
Quoting Red Alert
santa coming to bring cable where north or south, ..? :
hopefully north mate.. wait for it.. if 6120 breaks, cable might get lower..then maybe someone else is coming for the bulls, definitely not santa..lol.

you know, nowadays even better trading the swissy than the cable.
  • #332,393
  • Dec 13, 2012 2:58am Dec 13, 2012 2:58am
Quoting A-speculator
hopefully north mate.. wait for it.. if 6120 breaks, cable might get lower..then maybe someone else is coming for the bulls, definitely not santa..lol.

you know, nowadays even better trading the swissy than the cable.
if 6120 breaks, 6085 waiting... from there, bull probably flying high again...., ...
  • #332,394
  • Dec 13, 2012 3:04am Dec 13, 2012 3:04am
Quoting Red Alert
if 6120 breaks, 6085 waiting... from there, bull probably flying high again...., ...
i think the support is close together, if 6120 breaks, we see how the PA at 6100, then 6040-60 imho.
  • #332,395
  • Dec 13, 2012 3:20am Dec 13, 2012 3:20am
BUY
If the price breaks through the level 1.61743 bullish movement will start. Targets of the bullish movement: 1.62354, 1.62964.
SELL
If the price breaks through the level 1.61133 bearish movement will start. Targets of the bearish movement: 1.60522, 1.29395.

another pairs are avaliable
  • #332,396
  • Dec 13, 2012 3:42am Dec 13, 2012 3:42am
Quoting A-speculator
oh man.. i did have the chance to long fiber this asian but missed it.. i can't long at current price tho..

as for chf, mainly the swissy, seems like the price found resistance at 9270 area.. perhaps swissy might move a little more downwards to about 9140-50 area before reversal..
i think you have good perception with CHFs
well done!
im always wrong on it of about 50-80 pips.

actually SNB not helping...
better wait for longs for a whiel
90% of traders use TA, indicators and prediction
  • #332,397
  • Dec 13, 2012 3:44am Dec 13, 2012 3:44am
i will be online by live sharing some tech study on main charts.
nothing special as always, i'm already cosidering some setups for next week!
if you like join me here
http://www.dukascopy.com/tv/Live

absolutely free not even email subscription required.
i'm a trader, not a salesman.

p.s. not for scalpers
90% of traders use TA, indicators and prediction
  • #332,398
  • Dec 13, 2012 3:50am Dec 13, 2012 3:50am
Quoting _BBKing_
i will be online by live sharing some tech study on main charts.
nothing special as always, i'm already cosidering some setups for next week!
if you like join me here
http://www.dukascopy.com/tv/Live

absolutely free not even email subscription required.
i'm a trader, not a salesman.

p.s. not for scalpers
i'm not so sure yet to consider long, i think it's still too soon.. perhaps maybe after daily provide us with some reversal candle or at least a long range at about the 9240 area first..
  • #332,399
  • Dec 13, 2012 4:30am Dec 13, 2012 4:30am
current 4h doesn't show bullish pattern, i'm not gonna hold my position for long time.. will close my position at my entry price or my SL whichever comes first.. got some profit from swissy tho..
  • #332,400
  • Dec 13, 2012 4:36am Dec 13, 2012 4:36am
Are we testing the H4 bullish breakout or going back under the resistance? We had a healthy bullish candle yesterday just before Ben spoke & erased all the gains. If we break then I see 1.6075 on deck. The TREND is still up. Weekly suggests so.

Gl & green pips to all.
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