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Cable Update (GBPUSD)

  • #334,901
  • Jan 29, 2013 7:57am Jan 29, 2013 7:57am
Quoting TauTrader
Good day,

Nice little channel break this morning to allow a few long scalps - only took 1 as I had to leave town. Will see if support holds - or if we break down again.

Regards

my opinion fwiw: don't think i'd try a long scalp about now...

candle on all time frames up to H1 say reversal down,

H4 looks like a baby pin bar (so down we go), EDIT: MAKE THAT A COMPLETED PINBAR

and utl from last wed doesn't look like it will be reached.... think this will keep goin in a pretty straight line to 5390

tremendous momentum and it shows no sign of breaking
  • #334,902
  • Jan 29, 2013 7:59am Jan 29, 2013 7:59am
Quoting TauTrader
Sir,

Just kidding - good entry you have..

All the best
May be done now though....hmmmm....
Ghost Rider - WWTBMD?
  • #334,903
  • Jan 29, 2013 8:16am Jan 29, 2013 8:16am
Quoting 1candlepower
my opinion fwiw: don't think i'd try a long scalp about now...

candle on all time frames up to H1 say reversal down,

H4 looks like a baby pin bar (so down we go), EDIT: MAKE THAT A COMPLETED PINBAR

and utl from last wed doesn't look like it will be reached.... think this will keep goin in a pretty straight line to 5390

tremendous momentum and it shows no sign of breaking

s/t down chan from 7:50 NY just respected ...if .gu stays below the utl for another 2 hrs, shld be below 5700 and on our way.
  • #334,904
  • Jan 29, 2013 8:19am Jan 29, 2013 8:19am
M5 gbpusd


retracement

http://my.jetscreenshot.com/6252/m_2...0ypm-123kb.jpg
  • #334,905
  • Jan 29, 2013 8:29am Jan 29, 2013 8:29am
we need to see 1.5750 if it will not break we will have nice short opportunities if it will then up we go

Quoting aurasuccess
M5 gbpusd


retracement

http://my.jetscreenshot.com/6252/m_2...0ypm-123kb.jpg
Loosening is not an option
  • #334,906
  • Jan 29, 2013 8:39am Jan 29, 2013 8:39am
Come on baby!! GET SOME!! ...LOL
Attached Image (click to enlarge)
Click to Enlarge Name: gu_1h.gif Size: 22 KB
Ghost Rider - WWTBMD?
  • #334,907
  • Jan 29, 2013 8:39am Jan 29, 2013 8:39am
Quoting Vilkas
we need to see 1.5750 if it will not break we will have nice short opportunities if it will then up we go


wow... .gu was dragged kicking and screaming to 5750 by the sudden dollar weakness (down to 79.62 so far). didn't see that coming.

it doesn't look like .eg is going to mount the dpp at .8561 though, so i'm taking a good sized short is .gu if it reaches the utl from last wed @ ~5757
  • #334,908
  • Jan 29, 2013 8:47am Jan 29, 2013 8:47am
Quoting 1candlepower
wow... .gu was dragged kicking and screaming to 5750 by the sudden dollar weakness (down to 79.62 so far). didn't see that coming.

it doesn't look like .eg is going to mount the dpp at .8561 though, so i'm taking a good sized short is .gu if it reaches the utl from last wed @ ~5757

incoming in 10m ) lets see what this will bring
Loosening is not an option
  • #334,909
  • Jan 29, 2013 8:48am Jan 29, 2013 8:48am
my TL
Attached Image (click to enlarge)
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  • #334,910
  • Jan 29, 2013 8:51am Jan 29, 2013 8:51am
Quoting albchr
Thanks IBB

Now if this hour could just clear 5758...that would be sweet! Then I'd hope for the 50% at 5823 next? Bouncing at the 55ma now.
Only problem I see for this possibility now is the GBP bumping 50% resistance. But +85 and climbing...We shall see....
Attached Image (click to enlarge)
Click to Enlarge Name: USDLFX_GBPLFX_1H.PNG Size: 63 KB
Ghost Rider - WWTBMD?
  • #334,911
  • Jan 29, 2013 8:51am Jan 29, 2013 8:51am
http://my.jetscreenshot.com/6252/m_2...-xrdh-60kb.jpg
  • #334,912
  • Jan 29, 2013 8:51am Jan 29, 2013 8:51am
small rise in eu.
very small.
simply breaking out neckline on weekly reversed H&S.
90% of traders use TA, indicators and prediction
  • #334,913
  • Jan 29, 2013 8:53am Jan 29, 2013 8:53am
Quoting Vilkas
incoming in 10m ) lets see what this will bring


glad i hesitated to pull the trigger at 5757 (it was moving so fast!), it just blew thru the tl from wed...
  • #334,914
  • Jan 29, 2013 8:53am Jan 29, 2013 8:53am
Quoting _BBKing_
small rise in eu.
very small.
simply breaking out neckline on weekly reversed H&S.

tell us what to expect Master
Loosening is not an option
  • #334,915
  • Jan 29, 2013 8:54am Jan 29, 2013 8:54am
Quoting albchr
....

But I think a little more up...
you were right!
well done!!
i admit i had not the b.lls to reload near 5720.

.....hopefully price will give opportunity tomorrow.

i would now not consider for a while any kind of short.
maybe somewhere near 58-5820 at end of the day (?)
time will tell
90% of traders use TA, indicators and prediction
  • #334,916
  • Jan 29, 2013 8:56am Jan 29, 2013 8:56am
Quoting 1candlepower
glad i hesitated to pull the trigger at 5757 (it was moving so fast!), it just blew thru the tl from wed...


if my amateur wave count is correct, this sucker is only now finishing an extended 3rd wave (impulse starting @ 5710)... it could easily go another 30-40 pips at this point .... maybe - i really getting confused!
  • #334,917
  • Jan 29, 2013 8:58am Jan 29, 2013 8:58am
Quoting Vilkas
tell us what to expect Master
ehhe. master? LOL!!!!!

anyway i was waiting the breakout of that red line
now some possibilities i have:

A. short near 5800-5820
B. long near 5730-40
C. long if stable >5780 (rev H&S )

will wait and see how price develops
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_Hourly_snapshot.jpg Size: 66 KB
90% of traders use TA, indicators and prediction
  • #334,918
  • Jan 29, 2013 9:00am Jan 29, 2013 9:00am
Quoting _BBKing_
you were right!
well done!!
i admit i had not the b.lls to reload near 5720.

.....hopefully price will give opportunity tomorrow.

i would now not consider for a while any kind of short.
maybe somewhere near 58-5820 at end of the day (?)
time will tell
Just lucky bro. I based it off the weekly asc TL of the 4 year triangle. Took it with only a 15 pip stop so I didn't have big B*lls either.

Lets see where she goes.
Ghost Rider - WWTBMD?
  • #334,919
  • Jan 29, 2013 9:02am Jan 29, 2013 9:02am
Quoting _BBKing_
ehhe. master? LOL!!!!!

anyway i was waiting the breakout of that red line
now some possibilities i have:

A. short near 5800-5820
B. long near 5730-40
C. long if stable >5780 (rev H&S )

will wait and see how price develops

I love D. 1.5764 for long )
Loosening is not an option
  • #334,920
  • Jan 29, 2013 9:04am Jan 29, 2013 9:04am
Quoting _BBKing_
ehhe. master? LOL!!!!!

anyway i was waiting the breakout of that red line
now some possibilities i have:

A. short near 5800-5820
B. long near 5730-40
C. long if stable >5780 (rev H&S )

will wait and see how price develops
A) is what I was thinking yesterday but I can see B and C as well now. Nice as always BBK
Ghost Rider - WWTBMD?
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