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Cable Update (GBPUSD)

  • #333,341
  • Jan 8, 2013 9:35am Jan 8, 2013 9:35am
Quoting alex1976
I wouldnt be surprised if we see another daily hammer in this flag
i reckon tomorrow will break..i hope the flag stands..people need to see the flag to get behind it..that way moving south will be fierce
  • #333,342
  • Jan 8, 2013 9:38am Jan 8, 2013 9:38am
Quoting nAVIN2007
i reckon tomorrow will break..i hope the flag stands..people need to see the flag to get behind it..that way moving south will be fierce

Well put, "people need to see the flag to get behind it"

Kinda like, "If you build it they will come"
  • #333,343
  • Jan 8, 2013 9:42am Jan 8, 2013 9:42am
Quoting alex1976
Well put, "people need to see the flag to get behind it"

Kinda like, "If you build it they will come"
this should help
the more knowledge u attain the more patient u become because u keep seeing formation which back yur stance..this is what i think anyway
Attached Image (click to enlarge)
Click to Enlarge Name: cable11.gif Size: 16 KB
  • #333,344
  • Jan 8, 2013 9:48am Jan 8, 2013 9:48am
Quoting nAVIN2007
this should help
the more knowledge u attain the more patient u become because u keep seeing formation which back yur stance..this is what i think anyway
talk about patience... i guess im a good example of a kid whos gained patience.... gosh remember the first time we met? i was hot headed as hell...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #333,345
  • Jan 8, 2013 10:07am Jan 8, 2013 10:07am
Quoting bbmac
I bet a lot went long on close of yesterday's daily hammer candle but it ran into underside of the breeched former ascending t/line on daily and 50% 6241-6007. Some demand now ? how strong are the bears ?

G/L
Broke through the daily pivot very convincingly after 5 attempts on my hour chart
Attached Image (click to enlarge)
Click to Enlarge Name: cable123.gif Size: 19 KB
  • #333,346
  • Jan 8, 2013 10:37am Jan 8, 2013 10:37am
Quoting fxtyrant
Meh Fuck it....
Shorted GBPUSD @ 1.6080 SL @ 1.6110 Initial Target 1.5950

Stop Pips 30, Target Pips 130

Risk:Reward = 1:4

Fair deal i think....
Closed trade for 40+ pip profit, however looking to reshort if we get back up...

Pending Sell Limit at 1.6075 Sl at 1.6090, Open TP however Sliding SL will move lower and lower on profits as PA dictates...
Initial Target however is 1.5940
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #333,347
  • Jan 8, 2013 10:49am Jan 8, 2013 10:49am
Quoting nAVIN2007
this should help
the more knowledge u attain the more patient u become because u keep seeing formation which back yur stance..this is what i think anyway
Hi Nav, Hope you doing great? I see you have a potential bear flag forming expecting a breakout. I see a broken resistance on Daily ATM. With also a holding trend-line which has to be broken to confirm south. Yes we do have inside bars & what not around 1.634x. I'm still waiting for a breakout to trade either direction but I favor to the north as it looks more promising. Price is currently hovering below Monthly pivot @ 1.6062

I'll share my chart to show this view.
Attached Image (click to enlarge)
Click to Enlarge Name: GUD14.png Size: 61 KB
Numbers NEVER Lie
  • #333,348
  • Jan 8, 2013 11:01am Jan 8, 2013 11:01am
Quoting ZizoFX
Hi Nav, Hope you doing great? I see you have a potential bear flag forming expecting a breakout. I see a broken resistance on Daily ATM. With also a holding trend-line which has to be broken to confirm south. Yes we do have inside bars & what not around 1.634x. I'm still waiting for a breakout to trade either direction but I favor to the north as it looks more promising. Price is currently hovering below Monthly pivot @ 1.6062

I'll share my chart to show this view.
interesting view but to me..the lines dont have any technical significance ..to trade a direction..1.63 can be seen as a double top..i like the green bottom line but the red line channel i dont like..
and the channel bottom in green i see as a threat for price

however yur support resistance line i like and the confluence of support with the rising green line is something i notice..and fits well..if that area goes u know what to do
  • #333,349
  • Jan 8, 2013 11:16am Jan 8, 2013 11:16am
gbp lfx ,now we see pattern ,bullish to bearish ,continuation wth high relabilty

After eveing star in space very High reliability (3 candle) large range
Attached Image (click to enlarge)
Click to Enlarge Name: gbp lfx d1 8-1-13.no 2.gif Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #333,350
  • Jan 8, 2013 11:21am Jan 8, 2013 11:21am
i manipulated my platform.
now i have no more the buy option in GU.
90% of traders use TA, indicators and prediction
  • #333,351
  • Jan 8, 2013 11:33am Jan 8, 2013 11:33am
switch over to weekly gbp index ,and you can see confirmation for down on the gbp

There is no way back to the highs without going lower


Quoting ZizoFX
Hi Nav, Hope you doing great? I see you have a potential bear flag forming expecting a breakout. I see a broken resistance on Daily ATM. With also a holding trend-line which has to be broken to confirm south. Yes we do have inside bars & what not around 1.634x. I'm still waiting for a breakout to trade either direction but I favor to the north as it looks more promising. Price is currently hovering below Monthly pivot @ 1.6062

I'll share my chart to show this view.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp lfx w1 8-1-13.gif Size: 17 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #333,352
  • Jan 8, 2013 11:33am Jan 8, 2013 11:33am
Quoting nAVIN2007
interesting view but to me..the lines dont have any technical significance ..to trade a direction..1.63 can be seen as a double top..i like the green bottom line but the red line channel i dont like..
and the channel bottom in green i see as a threat for price

however yur support resistance line i like and the confluence of support with the rising green line is something i notice..and fits well..if that area goes u know what to do
Thanks for your insight Nav. Couldn't have said it better. Wish you green pips
Numbers NEVER Lie
  • #333,353
  • Jan 8, 2013 11:34am Jan 8, 2013 11:34am
Quoting _BBKing_
i manipulated my platform.
now i have no more the buy option in GU.
Scramble wasup! Hope all is going good. Been a while bro
Numbers NEVER Lie
  • #333,354
  • Jan 8, 2013 11:42am Jan 8, 2013 11:42am
Quoting ZizoFX
Scramble wasup! Hope all is going good. Been a while bro
everything ok!
today i lost 1pip buying GU. lol
there is a said "give 1 take 100"
90% of traders use TA, indicators and prediction
  • #333,355
  • Jan 8, 2013 11:47am Jan 8, 2013 11:47am
Quoting _BBKing_
everything ok!
today i lost 1pip buying GU. lol
there is a said "give 1 take 100"
Lose some to win some. Good to hear from you bro. Lets see what GU has in stock this week. Its been acting strange recently.

All the best. Are you having a webinar tomorrow? I always sleep too long & miss your webinars. Hope I can wake up for tomorrow
Numbers NEVER Lie
  • #333,356
  • Jan 8, 2013 11:47am Jan 8, 2013 11:47am
Quoting _BBKing_
everything ok!
today i lost 1pip buying GU. lol
there is a said "give 1 take 100"
  • #333,357
  • Jan 8, 2013 11:48am Jan 8, 2013 11:48am
Quoting ZizoFX
Lose some to win some. Good to hear from you bro. Lets see what GU has in stock this week. Its been acting strange recently.

All the best. Are you having a webinar tomorrow? I always sleep too long & miss your webinars. Hope I can wake up for tomorrow
just short on strength mate... imho..
  • #333,358
  • Jan 8, 2013 11:50am Jan 8, 2013 11:50am
Quoting ZizoFX
Lose some to win some. Good to hear from you bro. Lets see what GU has in stock this week. Its been acting strange recently.

All the best. Are you having a webinar tomorrow? I always sleep too long & miss your webinars. Hope I can wake up for tomorrow
yes everyday begin when london opening time.
also will then share videos here so no problem
90% of traders use TA, indicators and prediction
  • #333,359
  • Jan 8, 2013 11:51am Jan 8, 2013 11:51am
have a buy idea in gold.
or a sell.
depending if 1620 goes or not.
check the video for chart etc
12min youtube!
90% of traders use TA, indicators and prediction
  • #333,360
  • Jan 8, 2013 11:55am Jan 8, 2013 11:55am
Quoting _BBKing_
have a buy idea in gold.
or a sell.
depending if 1620 goes or not.
check the video for chart etc
12min youtube!
yups i agree on that.. seems like we might have some pullback on gold based on weekly..
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