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Cable Update (GBPUSD)

  • #333,121
  • Jan 3, 2013 8:59pm Jan 3, 2013 8:59pm
Quoting cdndollar
Nobody ask you to agree on anything.. just trying to fend-off an busybody grasshopper here..
and you just might learn to tell the difference between holding up & over/under-shoot If you last long enough ..

Who's Your Daddy?
http://www.youtube.com/watch?v=byPSfzfVkvE
Alright CD,

Enough with your cheap shots, I'll trade using my strategy and you trade using yours. Fair enough?

OK good, now back to trading...
  • #333,122
  • Jan 3, 2013 9:48pm Jan 3, 2013 9:48pm
Quoting cdndollar
Why not?
If you manage to stick around this cesspool long enough, you just might learn to tell the difference between PPSR (Poorly Placed Support Resistance) from your PASR rants..



http://images.pitchero.com/ui/211630/1299862409.jpg


Damn it, I'm going to Germany for my birthday in October this year.

Tell my wife I'm doing volunteer work somewhere will you.
Come with me if you want to live....
  • #333,123
  • Jan 3, 2013 10:33pm Jan 3, 2013 10:33pm
is this better..lol....
Quoting 100PipsADay
Haha, no worries.
Attached Image (click to enlarge)
Click to Enlarge Name: 1-3-2013 8-26-50 PM.jpg Size: 344 KB
  • #333,124
  • Jan 3, 2013 10:48pm Jan 3, 2013 10:48pm
Quoting dsmith2269
is this better..lol....
Nice! I don't need my sunglasses to look at this chart... LOL (jk)
  • #333,125
  • Jan 3, 2013 11:15pm Jan 3, 2013 11:15pm
opened a small trade in AUDJPY will see how it plays out
Quoting 100PipsADay
Nice! I don't need my sunglasses to look at this chart... LOL (jk)
Attached Image (click to enlarge)
Click to Enlarge Name: 1-3-2013 9-10-19 PM.jpg Size: 277 KB
  • #333,126
  • Jan 3, 2013 11:30pm Jan 3, 2013 11:30pm
Quoting 100PipsADay
Nice! I don't need my sunglasses to look at this chart... LOL (jk)
Oh hi Mr. 100, nice to see you at the cable section as well. I shorted GBP last night as well but closed out the position little too early. here is the weekly chart. And overall trend, looks like it's gonna break out upwards. What is your thinking on this?

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: QQ??20130103205458.png Size: 23 KB
Whatever is happening right now has happened before and will happen again.
  • #333,127
  • Jan 3, 2013 11:33pm Jan 3, 2013 11:33pm
Two options here:
Attached Image (click to enlarge)
Click to Enlarge Name: QQ??20130103205458.png Size: 22 KB
Whatever is happening right now has happened before and will happen again.
  • #333,128
  • Jan 3, 2013 11:49pm Jan 3, 2013 11:49pm
Quoting dsmith2269
opened a small trade in AUDJPY will see how it plays out
A/J is definitely due for a correction. Can probably squeeze a couple hundred pips out of it. Keep in mind though that the overall trend for AUD/JPY should be up due to the weakening of the JPY.

JPY has now broken a 6 year uptrend and I see more weakening in the coming months and even years for JPY.
  • #333,129
  • Jan 3, 2013 11:53pm Jan 3, 2013 11:53pm
I will be watching it close ..putting tight stops on it..
Quoting 100PipsADay
A/J is definitely due for a correction. Can probably squeeze a couple hundred pips out of it. Keep in mind though that the overall trend for AUD/JPY should be up due to the weakening of the JPY.

JPY has now broken a 6 year uptrend and I see more weakening in the coming months and even years for JPY.
  • #333,130
  • Jan 3, 2013 11:55pm Jan 3, 2013 11:55pm
Looking at PA channel points, the retest has already occurred (2nd closeup chart).

However,

looking at PA trendlines, we could see 55 his month on the retest.

Interesting...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu42.gif Size: 17 KB
Click to Enlarge Name: gu43.gif Size: 12 KB
Click to Enlarge Name: gu44.gif Size: 12 KB
Come with me if you want to live....
  • #333,131
  • Jan 4, 2013 12:08am Jan 4, 2013 12:08am
Quoting mnmnmmnnmnmn
Oh hi Mr. 100, nice to see you at the cable section as well. I shorted GBP last night as well but closed out the position little too early. here is the weekly chart. And overall trend, looks like it's gonna break out upwards. What is your thinking on this?

Thanks
I am also bearish on GBP/USD, just not as much so as I am on AUD/USD. Keep in mind, price has not closed above 1.63 for over a year so this is a pretty strong resistance area when looking at the weekly charts.

1st Target: 1.5925
2nd Target: 1.55

Below is my Weekly & Daily charts for Cable:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD - Weekly (1-3).jpg Size: 135 KB
Click to Enlarge Name: GBPUSD - Daily (1-3).jpg Size: 126 KB
  • #333,132
  • Jan 4, 2013 12:11am Jan 4, 2013 12:11am
Quoting dsmith2269
I will be watching it close ..putting tight stops on it..
Nice!
  • #333,133
  • Jan 4, 2013 1:45am Jan 4, 2013 1:45am
i will share my ideas on GU EU Egbp GOLD
@8.00 gmt (15min left) in this free room.
if you like just click to join we can interact live by a chat.
not for scalpers i'm a swing trader.
tks
90% of traders use TA, indicators and prediction
  • #333,134
  • Jan 4, 2013 1:47am Jan 4, 2013 1:47am
Something tells me the bulls could get sacrificed next week...
Come with me if you want to live....
  • #333,135
  • Jan 4, 2013 1:52am Jan 4, 2013 1:52am
Quoting Ill-b-back
Something tells me the bulls could get sacrificed next week...
i agree
or better... i hope since i already closed my 1.63 shorts :/
if will be confirmed downtrend, hopefully we'll have good entries next week!
90% of traders use TA, indicators and prediction
  • #333,136
  • Jan 4, 2013 2:04am Jan 4, 2013 2:04am
Quoting cdndollar
http://blackmarx.com/blog/vectorfile.../beer-bear.jpg






http://www.forexfactory.com/attachme...1&d=1355911104
2.0? mate go home ur drunk.... its not gona happen anytime soon....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #333,137
  • Jan 4, 2013 2:09am Jan 4, 2013 2:09am
Quoting fxtyrant
2.0? mate go home ur drunk.... its not gona happen anytime soon....
LOL
  • #333,138
  • Jan 4, 2013 3:01am Jan 4, 2013 3:01am
Quoting fxtyrant
2.0? mate go home ur drunk.... its not gona happen anytime soon....
Actually, it's 8pm Friday and I am a little drunk.

I don't think he intended 2xxx to be anytime soon lol...

But I see it...

If 6040 area goes With a daily close below, that is my last short term bullish line.
Come with me if you want to live....
  • #333,139
  • Jan 4, 2013 3:11am Jan 4, 2013 3:11am
Quoting _BBKing_
i agree
or better... i hope since i already closed my 1.63 shorts :/
if will be confirmed downtrend, hopefully we'll have good entries next week!
My chart is fucked up right now BB, drinking red wine and having ice cream and milo with a movie is all I can think of doing tonight.

But that run up earlier in the week has brought 6040 into potential play
Come with me if you want to live....
  • #333,140
  • Jan 4, 2013 3:11am Jan 4, 2013 3:11am
Quoting Ill-b-back
Actually, it's 8pm Friday and I am a little drunk.

I don't think he intended 2xxx to be anytime soon lol...

But I see it...

If 6040 area goes With a daily close below, that is my last short term bullish line.
my australian friend... i sent you a friendly PM reminder to be careful...
and last night i did get that RSI Divergence SIgnal (finally) on the GBPUSD.... seeing GBPUSD already back below 55 EMA Daily... im intrigued to say its gona go for the 200 EMA down at 1.5940 my friend....
https://dl.dropbox.com/u/52561775/Fo...12013.1709.gif
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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