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Cable Update (GBPUSD)

  • #332,661
  • Dec 19, 2012 9:37pm Dec 19, 2012 9:37pm
Quoting bigwal
No one can tell you that, if they did they would be guessing.

All i play is supply and demand, it either holds or is consumed.

i have no bias in the market, or any market, every chart behaves the same way, forex,stock or com

Yeah agree with you. Very good place for shorts and bearish PA behavior on daily TF. But in Weekly chart price broke above 200 EMA which indicating further high. Need clear signal at this level.
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  • #332,662
  • Dec 20, 2012 2:14am Dec 20, 2012 2:14am
Quoting robertrfx
Yeah agree with you. Very good place for shorts and bearish PA behavior on daily TF. But in Weekly chart price broke above 200 EMA which indicating further high. Need clear signal at this level.
I'm hoping for a breakout of this supply zone (and subsequent re-test)...has been hit several times relatively recently and I don't think a consumption of the remaining orders is out of the question before close Friday. Daily time frame does look very good for a short, though, so not sure what to make of it.
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  • #332,663
  • Dec 20, 2012 3:33am Dec 20, 2012 3:33am
Quoting Kanzler
I'm hoping for a breakout of this supply zone (and subsequent re-test)...has been hit several times relatively recently and I don't think a consumption of the remaining orders is out of the question before close Friday. Daily time frame does look very good for a short, though, so not sure what to make of it.
Agree with you! I was expecting a retest that chanel also. If it does and wont break it, that will be the signal for me to go massive short but getting a bit of suspicious about the bullspower.. Iam still short, we will see how will do.
  • #332,664
  • Dec 20, 2012 4:07am Dec 20, 2012 4:07am
Head n shoulders in the 5 minutes charts ?
  • #332,665
  • Dec 20, 2012 4:24am Dec 20, 2012 4:24am
@ FXMindset - think this is the one you looking for
Attached File(s)
File Type: mq4 PivotsD_v5.mq4   32 KB | 189 downloads
  • #332,666
  • Dec 20, 2012 5:24am Dec 20, 2012 5:24am
Quoting bigwal
See you above 1.63


1.6240 was old supply, it is now demand. 18/9/12 on daily chart

Price could not break 1.63 first time. So where does it pick up more buyers from ?
yeah bro.. 6275-85 could be the last higher zone before down.. imho.
  • #332,667
  • Dec 20, 2012 5:39am Dec 20, 2012 5:39am
Quoting A-speculator
yeah bro.. 6275-85 could be the last higher zone before down.. imho.
and 3265 for fiber and 9105 for swissy..

imho.
  • #332,668
  • Dec 20, 2012 5:43am Dec 20, 2012 5:43am
Quoting Ill-b-back
Looks to me like 63 will go Sir
New DEMAND coming...

UPWARD for Re-test Price 1.6300 again
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Always looking the GREAT, never left GOOD Point...
  • #332,669
  • Dec 20, 2012 6:00am Dec 20, 2012 6:00am
Quoting Tsar
Enjoy... BULLISH (Total) Trend
Cable in H4 Chart...

Price 1.6307 as Key Level
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Always looking the GREAT, never left GOOD Point...
  • #332,670
  • Dec 20, 2012 6:14am Dec 20, 2012 6:14am
Quoting Tsar
New DEMAND coming...

UPWARD for Re-test Price 1.6300 again
That would be nice Sir, very nice indeed

Now for sleep, goodnight Sir Tsar, wish you green Sir
Come with me if you want to live....
  • #332,671
  • Dec 20, 2012 6:15am Dec 20, 2012 6:15am
Fresh short added. Watching the london open level (green line).
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  • #332,672
  • Dec 20, 2012 6:38am Dec 20, 2012 6:38am
Quoting danyboy
1.6247 seems to be broken for few moments, but i guess tomorrow morning give more direction for us , how GBP will behave in the close future. Usually London open give a bit of boost for the sterling, im wondering tomorrow how big that will be.....Iam still short but nobody knows what is gonna happened!

Zizo thanks for the great answer!
When you say broken do you mean to the upside or downside. I see 1.6247 is still holding but the Daily Doji scared a lot of intra-day trades & forced them to take a sell position. It makes sense for price to come down as this is only normal. There is no need to rush into selling as it of more risk to me than buying the top even. A lot of opportunity will be presented to short after there is clear signal to do so.

Attached is an update on H4.

And no worries mate. We are all here to help each other, Thank you too
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Numbers NEVER Lie
  • #332,673
  • Dec 20, 2012 6:57am Dec 20, 2012 6:57am
Quoting Ill-b-back
That would be nice Sir, very nice indeed

Now for sleep, goodnight Sir Tsar, wish you green Sir
Be Patient for these...
H4 Candle can be Changes. But Daily, Weekly and Monthly Candles ALL still GREEN.

Goodnight Ill-b-back Sir
Always looking the GREAT, never left GOOD Point...
  • #332,674
  • Dec 20, 2012 7:20am Dec 20, 2012 7:20am
Quoting C-12
Watching the london open level (green line).
London open delivers, locking in the lower sell. All at BE now.
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  • #332,675
  • Dec 20, 2012 7:55am Dec 20, 2012 7:55am
On mobile, so limited.

Nice touch of demand this morning 1.6247
Supply at 1.6280 freshly made from yesterday high.
Demand kicked in again at the low.

The pin bar is still valid till 1.6300 goes. I hope the scampers have had fun with the range.

The one thing I have learnt about pin bars is ....where the position of it is and never sell into demand or buy into supply

Warren
I need to finish something i started
  • #332,676
  • Dec 20, 2012 8:27am Dec 20, 2012 8:27am
Was taken but surprise by the rally. Got 30 pips off the hedge long and managed to preserve my short positions.
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  • #332,677
  • Dec 20, 2012 10:36am Dec 20, 2012 10:36am
Let's see if the London open can provide a bounce.

*oops wrong thread, oh well..
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  • #332,678
  • Dec 20, 2012 10:52am Dec 20, 2012 10:52am
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  • #332,679
  • Dec 20, 2012 10:54am Dec 20, 2012 10:54am
Life just got more complicated ...

Annnd some more...
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  • #332,680
  • Edited 1:00pm Dec 20, 2012 12:16pm | Edited 1:00pm
Meanwhile on the other side of Town ..

Inserted Video


I feel much better now with my Long Position ...

My Math Tells me " I should stick with the Ape "
At least for the next 6 hrs ..lol

Happy Holidays everyone ..
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