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Cable Update (GBPUSD)

  • #334,001
  • Jan 17, 2013 3:02am Jan 17, 2013 3:02am
quarter and yearly candle


this is quarter

http://www.forexfactory.com/attachme...8&d=1358406630

not a call ehhh... just imho. 101 % wrong

dunno how to exlpain in detail ... but this ratio modelling.. give me the reason for 6400-6500

if we breakdown into 4H time frame.. start seeing this pattern

http://www.trade-forex-harmonic-patt...hark-bu-be.gif

let see... not sure also bud ..



Quoting fxtyrant
what confuses me is why ppl like you already like to speculate on whether if GBPUSD would or will not reach 6400-6500 area...

when highs of 6350 are well in place to possibly act as a resistance to keep GBPUSD from moving further up?

for me i think its too late to make any calls...

IF and IF GBPUSD is to bounce... its safer to make calls of Highs we have previously made before the fall such as 6350 rather than saying itll reach areas we havent reached before...
1.6303 is gona act as one heck of a resistance as thats where the MONTHLY...
not euphoria follower
  • #334,002
  • Jan 17, 2013 3:06am Jan 17, 2013 3:06am
Quoting _BBKing_
i would say 98/99 %
i would have agree but after trading and see what believe are weakness..i have to say it comes down to state of mind..whatever that is..this is something if u dont have stable head u simply cant trade and make money
  • #334,003
  • Jan 17, 2013 3:06am Jan 17, 2013 3:06am
yap mate...

Quoting Ill-b-back
If we don't break lower today, I think BB King might be right, Friday NY could show us something, just like it has sooo many times before
not euphoria follower
  • #334,004
  • Jan 17, 2013 3:08am Jan 17, 2013 3:08am
Quoting iqyu5an
quarter and yearly candle


this is quarter

http://www.forexfactory.com/attachme...8&d=1358406630

not a call ehhh... just imho. 101 % wrong

dunno how to exlpain in detail ... but this ratio modelling.. give me the reason for 6400-6500

if we breakdown into 4H time frame.. start seeing this pattern

http://www.trade-forex-harmonic-patt...hark-bu-be.gif

let see... not sure also bud ..
Dude thats a monthly chart and we have a long time before you can confirm that support is gona act as support for this month... we might bust through it and itll act as resistance again....
IMHO, its too early to say we are going to bounce from the looks of a monthly S/R level that isnt confirmed yet for this month....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #334,005
  • Jan 17, 2013 3:08am Jan 17, 2013 3:08am
Quoting CasperTrader
Nav, for you it must be 99.99%. You trade weekly man. Must be mostly waiting.
i dont even trade weekly...more like monthly but lately, well at least going back 1 year i have to say im trading my instincts as stops are no where near in sight..quite reckless to be honest
  • #334,006
  • Jan 17, 2013 3:10am Jan 17, 2013 3:10am
agree no straight line... could be lot pattern to go there ...

always keep fasten my seatbelt brother...always

Quoting fxtyrant
Dude thats a monthly chart and we have a long time before you can confirm that support is gona act as support for this month... we might bust through it and itll act as resistance again....
IMHO, its too early to say we are going to bounce from the looks of a monthly S/R level that isnt confirmed yet for this month....
not euphoria follower
  • #334,007
  • Jan 17, 2013 3:11am Jan 17, 2013 3:11am
not sure cable is a good pair to trade atm..

but got in fiber at 3365, sl quite large at 3400.. positioning quite small than normal..

that is based on 15min failure/exhaustion..

price might get back to my price in 1h/4h.. oh well..
Attached Image (click to enlarge)
Click to Enlarge Name: fiber.gif Size: 25 KB
  • #334,008
  • Jan 17, 2013 3:12am Jan 17, 2013 3:12am
Touted offers 6020-30 provinbg an upside obstacle - 3 x fibs in the 6022-24 area inc 23.6% 6179-5975 and 38.2% 6100-5975...equally this previous 1hr swing hi x 2 zone proving a difficult downside obstacle for the bulls...one of these areas will break - which one ?

G/L
ex member
  • #334,009
  • Jan 17, 2013 3:18am Jan 17, 2013 3:18am
Quoting iqyu5an
yap mate...
I've been doing some reading in Tsars thread on these patterns and noticed they occur very frequently at major reversal levels on the 4hr, daily and weekl as they occur on my chart.

I haven't looked at TP projections yet, but that will be an interesting project
Come with me if you want to live....
  • #334,010
  • Jan 17, 2013 3:19am Jan 17, 2013 3:19am
Quoting bbmac
Touted offers 6020-30 provinbg an upside obstacle - 3 x fibs in the 6022-24 area inc 23.6% 6179-5975 and 38.2% 6100-5975...equally this previous 1hr swing hi x 2 zone proving a difficult downside obstacle for the bulls...one of these areas will break - which one ?

G/L
i think the area of interest would be at about 6040..
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 29 KB
  • #334,011
  • Jan 17, 2013 3:27am Jan 17, 2013 3:27am
Quoting CasperTrader
Isn't going up either.
This is too slow. Closing and going on sidelines. Will wait for 6062 to short.
  • #334,012
  • Jan 17, 2013 3:29am Jan 17, 2013 3:29am
Quoting CasperTrader
This is too slow. Closing and going on sidelines. Will wait for 6062 to short.
Tech traders might probably enjoy trading crosses instead....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #334,013
  • Jan 17, 2013 3:33am Jan 17, 2013 3:33am
Cable could get murdered (again) by New York this afternoon. The June trend line break yesterday is currently being retested.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd130117h1.gif Size: 31 KB


Oh yes, Forex factory where's the preview button? I mean I don't want you to lay off your programmers, so by all means revamp the site. But can we keep some of the usability? It's bad enough having to look for stuff that's been moved around.

Rant over. Good morning Gbp/Usd thread!
Gone to a better place
  • #334,014
  • Jan 17, 2013 3:33am Jan 17, 2013 3:33am
Quoting nAVIN2007
i dont even trade weekly...more like monthly but lately, well at least going back 1 year i have to say im trading my instincts as stops are no where near in sight..quite reckless to be honest
Monthly is trading like pro. Don't have to worry about daily ups and downs. Of course no care for SLs in that scenario. You have to extremely good to day trade with SLs (not being hit). I can't do that. My SLs are always hit. Nowdays, I more like scalp. Wait patiently for a price level and out quickly for a few.
  • #334,015
  • Jan 17, 2013 3:36am Jan 17, 2013 3:36am
Should be up from here coming out of H4 demand.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 32 KB
  • #334,016
  • Jan 17, 2013 3:36am Jan 17, 2013 3:36am
Quoting A-speculator
i think the area of interest would be at about 6040..
....... if only you could find it on that chart

It takes a lot for me to IGNORE you, but you can try.
  • #334,017
  • Jan 17, 2013 3:39am Jan 17, 2013 3:39am
Quoting CasperTrader
Monthly is trading like pro. Don't have to worry about daily ups and downs. Of course no care for SLs in that scenario. You have to extremely good to day trade with SLs (not being hit). I can't do that. My SLs are always hit. Nowdays, I more like scalp. Wait patiently for a price level and out quickly for a few.

yes this is the problem its almost ridiculous to day trade with big money as the likely hood of a stop being triggered is high..this is why i have adjusted to big time frames to compensate

not bothering about the swings on the small interval..lets see what the hell happens
  • #334,018
  • Jan 17, 2013 3:46am Jan 17, 2013 3:46am
If we do claw our way back to 63 from here, it's going to be one hell of a rough ride.
I don't think there will be any shortage of dips to buy.
Come with me if you want to live....
  • #334,019
  • Jan 17, 2013 3:58am Jan 17, 2013 3:58am
Quoting Ill-b-back
If we do claw our way back to 63 from here, it's going to be one hell of a rough ride.
I don't think there will be any shortage of dips to buy.
if we do slide to 5500, there won't be any shortage to sell rallies either mate..
  • #334,020
  • Jan 17, 2013 4:06am Jan 17, 2013 4:06am
if a donkey fall from the sky we have had it!!!
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