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Cable Update (GBPUSD)

  • #333,821
  • Jan 15, 2013 9:18am Jan 15, 2013 9:18am
Quoting _BBKing_
possible.
actually hourly chart is still showing strength. i'm looking for something like this, a possible rectangle rangy. if fail, target will be there, while above there is 0.84 or else the 100%retrace in weekly (0.85)
if and once reach the 0.8220 again, will be depending on reasons... would be great if the reason will be a recover in GU near 1.62 or even near previous top, since i don't expect GU to breake >1.63 :nerd:
ermm.. i think for the price to be in the 6200 region, price has to be able to break 6150-60 resistance level..

your view on EG is also possible, but i'm expecting quite a large and long range since the recent bullish momentum is quite massive..
  • #333,822
  • Jan 15, 2013 9:19am Jan 15, 2013 9:19am
Closed previous position at +15 and entered a new long at last touch of support.

http://i50.tinypic.com/ou6ywj.gif
  • #333,823
  • Jan 15, 2013 9:26am Jan 15, 2013 9:26am
market is seriously erratic these days
  • #333,824
  • Jan 15, 2013 9:29am Jan 15, 2013 9:29am
Quoting nAVIN2007
market is seriously erratic these days
yeah, if you're short, stick with fiber mate for the time being, due to the reasons BB stated previously..
  • #333,825
  • Jan 15, 2013 9:30am Jan 15, 2013 9:30am
Quoting A-speculator
ermm.. i think for the price to be in the 6200 region, price has to be able to break 6150-60 resistance level..

your view on EG is also possible, but i'm expecting quite a large and long range since the recent bullish momentum is quite massive..
yes still a lot of work to be done. i'm looking for a daily close >6060 again for the moment. could be a good start to develop an insane weekly candle. of course... we could be prepared for 10possible different scenario... and market will decide the 11th one
90% of traders use TA, indicators and prediction
  • #333,826
  • Jan 15, 2013 9:30am Jan 15, 2013 9:30am
Quoting _BBKing_
yes still a lot of work to be done. i'm looking for a daily close >6060 again for the moment. could be a good start to develop an insane weekly candle. of course... we could be prepared for 10possible different scenario... and market will decide the 11th one
  • #333,827
  • Jan 15, 2013 9:35am Jan 15, 2013 9:35am
Quoting nAVIN2007
market is seriously erratic these days

i prefer cable..to me its a done deal..just might take time
euro will only sink if usd increase..so its actually the same thing we trading
  • #333,828
  • Jan 15, 2013 9:36am Jan 15, 2013 9:36am
I see price channeling now before next leg down.
  • #333,829
  • Jan 15, 2013 9:40am Jan 15, 2013 9:40am
Quoting nAVIN2007
i prefer cable..to me its a done deal..just might take time
euro will only sink if usd increase..so its actually the same thing we trading
with that reason my friend, you're right.. time is all the price need.

with some patience, the strategy might worked out, might encounter whipsaw here and there.. just don't make impulse trading, and i think you will be fine..

for me, i'm still waiting on the PA to show better pattern to short. the scenario i'm expecting is EG down due to weakness on euro and cable might have some pullback, perhaps to about 6100 area again (6090-6120).. there should be nice fresh short. imho.
  • #333,830
  • Jan 15, 2013 9:42am Jan 15, 2013 9:42am
Daily looking promising for upside but I don't like how it's spending too much time at this zone. Could there be a break to the downside?

A break south will invalidate one flag (the smaller one) but I doubt it pretty much.

Still holding LONGS.
Attached Image (click to enlarge)
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Numbers NEVER Lie
  • #333,831
  • Jan 15, 2013 9:48am Jan 15, 2013 9:48am
Quoting A-speculator
with that reason my friend, you're right.. time is all the price need.

with some patience, the strategy might worked out, might encounter whipsaw here and there.. just don't make impulse trading, and i think you will be fine..

for me, i'm still waiting on the PA to show better pattern to short. the scenario i'm expecting is EG down due to weakness on euro and cable might have some pullback, perhaps to about 6100 area again (6090-6120).. there should be nice fresh short. imho.
its making people work hard that is for sure
  • #333,832
  • Jan 15, 2013 9:50am Jan 15, 2013 9:50am
Did anyone take USD/CHF Short?
Attached Image (click to enlarge)
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Numbers NEVER Lie
  • #333,833
  • Jan 15, 2013 10:08am Jan 15, 2013 10:08am
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90% of traders use TA, indicators and prediction
  • #333,834
  • Jan 15, 2013 10:10am Jan 15, 2013 10:10am
Sell at rejection of this trendline.
Attached Image (click to enlarge)
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  • #333,835
  • Jan 15, 2013 10:13am Jan 15, 2013 10:13am
Quoting Cape Cobra
Sell at rejection of this trendline.

theres to many bums on the bus
  • #333,836
  • Jan 15, 2013 10:14am Jan 15, 2013 10:14am
Quoting _BBKing_
Attached Image
  • #333,837
  • Jan 15, 2013 10:20am Jan 15, 2013 10:20am
Bigger picture....targetting 61.8 Fib Expansion @1.5963
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  • #333,838
  • Jan 15, 2013 10:27am Jan 15, 2013 10:27am
Quoting nAVIN2007
Attached Image
90% of traders use TA, indicators and prediction
  • #333,839
  • Jan 15, 2013 10:30am Jan 15, 2013 10:30am
Quoting Cape Cobra
Bigger picture....targetting 61.8 Fib Expansion @1.5963
Good one mate, now lets see if that area hold (6100),
  • #333,840
  • Jan 15, 2013 10:32am Jan 15, 2013 10:32am
Quoting _BBKing_

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