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Cable Update (GBPUSD)

  • #332,401
  • Dec 13, 2012 4:38am Dec 13, 2012 4:38am
i'm not comfortable with price trading below 6120.. closed my position manually for -12pips loss (@6118) .

will plan another entry later..

ok guys, see u all later.
  • #332,402
  • Dec 13, 2012 4:49am Dec 13, 2012 4:49am
Sell scenario
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  • #332,403
  • Dec 13, 2012 5:12am Dec 13, 2012 5:12am
G/M,

Today's daily candle when closed may or may not make yesterdays HH on this t/f (at yesterday's hi) a fractal swing - see how it closes - wherever that comes we have 3 x HL and 2 x HH now in the opa uptrend on this t/f...price finding supply at yesterday's hi in the previous swing hi x 2 zone @ that 76.4% of 6271-5827.

1hr PB candle just closed - are the buyers surfacing or deeper pullback or more ?

G/L
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ex member
  • #332,404
  • Dec 13, 2012 5:34am Dec 13, 2012 5:34am
Closed one sell from 6144 to 6115. Another from 6166 still running. Will add more shorts at higher prices.
  • #332,405
  • Edited 6:34am Dec 13, 2012 6:17am | Edited 6:34am
after analyzing the price, i think i will buy at 6070, or after the highest price breakout..

meaning that it won't be any trade for me while price still at current level, maybe until next week..

see you all later, and greenest pips to all.

chiowwsss.

* i think i won't interfere when bulls - bears fighting each other
  • #332,406
  • Dec 13, 2012 7:13am Dec 13, 2012 7:13am
ok my last technical webinar of the week.
Cable, EU, Egbp, Chf crosses and Gold.
Tomorrow 1hour of simple forex related "chit-chat"
90% of traders use TA, indicators and prediction
  • #332,407
  • Dec 13, 2012 7:23am Dec 13, 2012 7:23am
Good day,

Continuation north likely in the short term

Regards
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  • #332,408
  • Dec 13, 2012 7:42am Dec 13, 2012 7:42am
yesterday high at 4h chart has give up a clear divergence pattern and the price move 60 pips down today and pullback again so watchout for a breakout movement at today low ..... if that happen the downtrend base on the divergence will continue until next week .... the projection are around 240 pips from yesterday high ...... lets see what the market will unfold later ...... on the daily chart it seem this downtrend movement is a correction if the price fail to break the previous low .........
  • #332,409
  • Dec 13, 2012 7:42am Dec 13, 2012 7:42am
Good day,

a look at the daily..

Many attempts at the resistance zone indicated... zoom out.... could test the high.

Small bite..

Regards
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  • #332,410
  • Dec 13, 2012 7:54am Dec 13, 2012 7:54am
hourly setup
will 6070-80 finally proved as support to target 1.62?!
or straight up to 1.62?

depending on price moves, i will try buy lower and sell higher.
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90% of traders use TA, indicators and prediction
  • #332,411
  • Dec 13, 2012 9:33am Dec 13, 2012 9:33am
Quoting _BBKing_
hourly setup
will 6070-80 finally proved as support to target 1.62?!
or straight up to 1.62?

depending on price moves, i will try buy lower and sell higher.
Good decision. Now thinking cable might not go that low since 6120 is holding for now.
Numbers NEVER Lie
  • #332,412
  • Dec 13, 2012 9:41am Dec 13, 2012 9:41am
A daily close above today's open 1.6148x will be healthy for further push upward. Cable has been really slow this past few months but doing OK. Patience is the key here! Might get an xmas bonus from santa
Numbers NEVER Lie
  • #332,413
  • Dec 13, 2012 11:07am Dec 13, 2012 11:07am
Quoting ZizoFX
Good decision. Now thinking cable might not go that low since 6120 is holding for now.
you got a point there mate, was thinking the same.. gonna give another try @ 6130 again, quite tight stop. (bias considering daily candle)

if my SL get triggered, i think i'm done for the week..

hate it when bulls and bears fights.. price have no direction..
  • #332,414
  • Dec 13, 2012 11:24am Dec 13, 2012 11:24am
Anyone reason for this huge drop at this time of day? What news release made this move??? Nothing highly impacting on the calendar?
Find your Favourite Pattern
  • #332,415
  • Dec 13, 2012 11:24am Dec 13, 2012 11:24am
Quoting A-speculator
you got a point there mate, was thinking the same.. gonna give another try @ 6130 again, quite tight stop. (bias considering daily candle)

if my SL get triggered, i think i'm done for the week..

hate it when bulls and bears fights.. price have no direction..
there goes my SL.. oh well..
  • #332,416
  • Dec 13, 2012 11:27am Dec 13, 2012 11:27am
Quoting Pipanator
Anyone reason for this huge drop at this time of day? What news release made this move??? Nothing highly impacting on the calendar?
S&P downgrade UK to AAA-.
Forex Trading is like Fitness: the Key is Patience.
  • #332,417
  • Dec 13, 2012 11:28am Dec 13, 2012 11:28am
Quoting Pipanator
Anyone reason for this huge drop at this time of day? What news release made this move??? Nothing highly impacting on the calendar?
breakout retest of the 6060-80..
  • #332,418
  • Dec 13, 2012 11:34am Dec 13, 2012 11:34am
Quoting Pipanator
Anyone reason for this huge drop at this time of day? What news release made this move??? Nothing highly impacting on the calendar?
I was expecting it to be very slow but since we have it like this then we just trade what we see or stay out. Its either market is Trending or consolidating. Can't be in a stand still. Been expecting a close above 1.6168 since last month but never came. still waiting

GL bro
Numbers NEVER Lie
  • #332,419
  • Dec 13, 2012 11:42am Dec 13, 2012 11:42am
Forex: GBP/USD drops to 1.6080 after S&P decision. News here http://www.fxstreet.com/news/forex-n...b-cff335aae016
Numbers NEVER Lie
  • #332,420
  • Dec 13, 2012 11:44am Dec 13, 2012 11:44am
Quoting TauTrader
Good day,

a look at the daily..

Many attempts at the resistance zone indicated... zoom out.... could test the high.

Small bite..

Regards
That did not work... Loss of -25 pips...

Reversed and going into scalping mode for the rest of the year. Targetting 1.6080 - SL 1.6120. If SL taken entry multiplied by 4 to long towards 1.6140.

Keep your head together - note to self..

Regards
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