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Cable Update (GBPUSD)

  • #332,921
  • Dec 28, 2012 1:09am Dec 28, 2012 1:09am
Quoting cdndollar
Euro brought on bad news.. Euro fly on good news..
looks like M/T money looking for 1.35 EURUSD & 116 EURJPY for this round prior to any major correction..
Expect Cable to firm up & catch up with cousin Euro's pending break above 1.33+..

Great odds for the stock market to stage a last minute Santa Rally..
SP500 vs EURUSD D1:
http://www.forexfactory.com/attachme...1&d=1356676449

I assume you have long positions with LIVE account?
  • #332,922
  • Dec 28, 2012 3:06am Dec 28, 2012 3:06am
Quoting fxtyrant
naw but buddy you know how my system works.... if price went above EMA55 and EMA200 on the daily and a divergence occurs, i will look to short it back to the EMAs and EMA55 is where 1.60 is at and EMA200 is at 1.5920 area... (of which is showed an image why that would be the optimal place i would look to take profits at if had my shorts.

Look at the daily chart Plot EMA55 and EMA200 and you'll know i always trade back to those moving average when a bearish divergence occurs...

So far i have been testing...
Your own picture shows the 55ema at 1.6060 area as it is on mine.

I have not received a bearish daily divergence signal at RSI 14 or 10 setting since our last visit to the daily 200ema, maybe you have.
Come with me if you want to live....
  • #332,923
  • Dec 28, 2012 3:10am Dec 28, 2012 3:10am
whats up my fellow traders http://www.easyfreesmileys.com/smileys/dancing-baby.jpg
  • #332,924
  • Dec 28, 2012 3:16am Dec 28, 2012 3:16am
Quoting PoundTrader
whats up my fellow traders http://www.easyfreesmileys.com/smileys/dancing-baby.jpg

Welcome BACK... again
Always looking the GREAT, never left GOOD Point...
  • #332,925
  • Dec 28, 2012 3:21am Dec 28, 2012 3:21am
Quoting cdndollar
Euro brought on bad news.. Euro fly on good news..
looks like M/T money looking for 1.35 EURUSD & 116 EURJPY for this round prior to any major correction..
Expect Cable to firm up & catch up with cousin Euro's pending break above 1.33+..

Great odds for the stock market to stage a last minute Santa Rally..
SP500 vs EURUSD D1:
http://www.forexfactory.com/attachme...1&d=1356676449
if you want to long, i think you might stand better chance longing the aussie & kiwi.. just don't overstay your position & take it as counter trend positions.. imho.
  • #332,926
  • Dec 28, 2012 3:27am Dec 28, 2012 3:27am
GU in H4 Chart...
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-12-28_GU in H4 Chart.png Size: 32 KB
Always looking the GREAT, never left GOOD Point...
  • #332,927
  • Dec 28, 2012 4:15am Dec 28, 2012 4:15am
Quoting A-speculator
if you want to long, i think you might stand better chance longing the aussie & kiwi.. just don't overstay your position & take it as counter trend positions.. imho.
Thank you for the advice.. I agree aussie & kiwi are at/near another good S/T demand zone here.. while Cable, being the victim of recent cross fire & weakness from correlated instruments should also benefit from demands for the down-under pair..

Quoting 100PipsADay
I assume you have long positions with LIVE account?
Long 1 nano lot @1.6303 target 1.7888~1.8888 with stop below 1.5970..
btw, hope you learn something from yours truly on your recent NZDUSD top picking fiasco..
  • #332,928
  • Dec 28, 2012 4:23am Dec 28, 2012 4:23am
Quoting Ill-b-back
Your own picture shows the 55ema at 1.6060 area as it is on mine.

I have not received a bearish daily divergence signal at RSI 14 or 10 setting since our last visit to the daily 200ema, maybe you have.
maybe ur right... anyways we'll see... im still baerish GBPUSD....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #332,929
  • Dec 28, 2012 5:33am Dec 28, 2012 5:33am
I would fancy a weekly close @ 1.6168 area
Numbers NEVER Lie
  • #332,930
  • Dec 28, 2012 5:55am Dec 28, 2012 5:55am
Quoting cdndollar
Thank you for the advice.. I agree aussie & kiwi are at/near another good S/T demand zone here.. while Cable, being the victim of recent cross fire & weakness from correlated instruments should also benefit from demands for the down-under pair..


Long 1 nano lot @1.6303 target 1.7888~1.8888 with stop below 1.5970..
btw, hope you learn something from yours truly on your recent NZDUSD top picking fiasco..
Imho, i think we wont see significant rally since EG has been quite bearish today and perhaps more bears will joint the party b4 US session ends confirming bearish on the weekly.

I hope fiber will show us the direction together with EG weakness..
  • #332,931
  • Dec 28, 2012 6:29am Dec 28, 2012 6:29am
Happy holidays guys

Still got a swing sell on but took 2/3 off it. Also just set off a small scalp short.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 33 KB
  • #332,932
  • Dec 28, 2012 7:51am Dec 28, 2012 7:51am
Quoting C-12
Happy holidays guys

Still got a swing sell on but took 2/3 off it. Also just set off a small scalp short.
ermmm.. i'm looking towards 6150 for short.. just below the last shooting star in 4h
  • #332,933
  • Dec 28, 2012 8:05am Dec 28, 2012 8:05am
i can see yen pairs starting exhaustion pattern and GY is testing the high of 2011.. might expect pullback, quite a large pullback i think.. those pairs might result a few hundred of pips of pullback.. not for faint hearted of course (might get heart attack on the DD as well as on the profit, LOL.)..
  • #332,934
  • Dec 28, 2012 8:37am Dec 28, 2012 8:37am
Quoting ZizoFX
I would fancy a weekly close @ 1.6168 area
Why did you remove Your SL @1.6050 , Zizo . Still looks okay to me ...
  • #332,935
  • Dec 28, 2012 8:53am Dec 28, 2012 8:53am
Quoting taomql4
Why did you remove Your SL @1.6050 , Zizo . Still looks okay to me ...
Hi Tao, oh yeah I moved my SL to BE +1 on the 1.6120 long trade but got stopped out. Re-entered at 1.6115 with same SL. I didn't expect price to go that low but Reid proved me wrong but couldn't get my money I have a couple of long positions from 1.5878 & 1.5915 area I'll keep adding to positions as we go higher so not bothered. Hope you are in the green too. I see you got that Sell rally pretty nicely If we close a Doji today on weekly I will add more longs. What's your view.

Thanks Tao
Numbers NEVER Lie
  • #332,936
  • Dec 28, 2012 10:08am Dec 28, 2012 10:08am
Got a feeling cable is going to explode upwards next couple of minutes... Building a setup to break next important resistance. Careful with stops
  • #332,937
  • Dec 28, 2012 11:22am Dec 28, 2012 11:22am
Quoting ZizoFX
Bored with PA. Decided to cluster my chart Here is an H4 chart with a break & retest. Simply candlestick pattern with price action but chart does look so simple Patience
Break & Retest still valid IMHO
Numbers NEVER Lie
  • #332,938
  • Dec 28, 2012 11:33am Dec 28, 2012 11:33am
Quoting cdndollar
Thank you for the advice.. I agree aussie & kiwi are at/near another good S/T demand zone here.. while Cable, being the victim of recent cross fire & weakness from correlated instruments should also benefit from demands for the down-under pair..


Long 1 nano lot @1.6303 target 1.7888~1.8888 with stop below 1.5970..
btw, hope you learn something from yours truly on your recent NZDUSD top picking fiasco..
I got in a little early, closed for a loss, then got short right at .845 resistance.

Weekly BEEB right at Weekly resistance, Classic PASR.

I've made over 4,000 pips in the past 2 weeks alone on my live account shorting GBP/USD, AUD/USD, NZD/USD and longing EUR/AUD, doing great!
  • #332,939
  • Dec 28, 2012 11:33am Dec 28, 2012 11:33am
Quoting ZizoFX
Hi Tao, oh yeah I moved my SL to BE +1 on the 1.6120 long trade but got stopped out. Re-entered at 1.6115 with same SL. I didn't expect price to go that low but Reid proved me wrong but couldn't get my money I have a couple of long positions from 1.5878 & 1.5915 area I'll keep adding to positions as we go higher so not bothered. Hope you are in the green too. I see you got that Sell rally pretty nicely If we close a Doji today on weekly I will add more longs. What's your view.

Thanks Tao
You really wanna know ? lol ..

Quoting taomql4
I think You can still hold on to it - Your SL(1.6050) seems far enough ( 1.6035 would be my SL - bottom of 12hr candle ..) .. I'm still bullish on the Pair with the Top 1.63964 as my Potential Target . Just waiting for it to slow down a bit and VSA buy signals on lower timeframes..

Well , the New 12 days demand is still in Play and ....
Attached Image (click to enlarge)
Click to Enlarge Name: 12.gif Size: 34 KB
  • #332,940
  • Dec 28, 2012 11:42am Dec 28, 2012 11:42am
I knew your bias was long from previous posts. I just don't trade against the trend if not would have taken few short positions. Nice chart as always with clear S/D levels. I'm learning a lot from you brother.

Fiscal cliff or not, I always trade the charts. I'm looking at 1.6468 as a potential target.

Thank you
Numbers NEVER Lie
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