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Cable Update (GBPUSD)

  • #334,921
  • Jan 29, 2013 9:07am Jan 29, 2013 9:07am
So we got the 1H close I wanted. Now to see if it just tests the top of the channel and that 55ma and continues up OR, crashes right back through...LOL
Attached Image (click to enlarge)
Click to Enlarge Name: gu_1h.gif Size: 22 KB
Ghost Rider - WWTBMD?
  • #334,922
  • Jan 29, 2013 9:09am Jan 29, 2013 9:09am
B. option is in range thank you Master for leading us

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
Loosening is not an option
  • #334,923
  • Jan 29, 2013 9:10am Jan 29, 2013 9:10am
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 apologies for doubting your judgement sir. (ditto albchr )
  • #334,924
  • Jan 29, 2013 9:15am Jan 29, 2013 9:15am
Quoting 1candlepower
my apologies for doubting your judgement sir. (ditto albchr )
None needed bro. We could have just as easily been wrong. Never "know" in this game.
Ghost Rider - WWTBMD?
  • #334,925
  • Jan 29, 2013 9:16am Jan 29, 2013 9:16am
Strange PA. It went up so fast and now again at the same level as it was before news
  • #334,926
  • Jan 29, 2013 9:21am Jan 29, 2013 9:21am
definetly i declare the birth of a new pattern!

let's give it a name!!
without being voulgar of course....

it is recently seen in all instruments, i mean in last months.....
both on bottoms and tops.
and in a lot of timeframes.

seems like a bearish flag (but is not)
seems like a low liquidity move (but is not)
seems a continuation (but is not)
seems a reversal (but is not - at least until the 5710 held in this case)
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_30 Mins_snapshot.jpg Size: 62 KB
90% of traders use TA, indicators and prediction
  • #334,927
  • Jan 29, 2013 9:24am Jan 29, 2013 9:24am
Breathing again!
"Trading: the hardest easy money you're going to earn." -Mark Douglas.
  • #334,928
  • Jan 29, 2013 9:24am Jan 29, 2013 9:24am
Hope to make all who are long currencies towards the USD happy with this post.

This is what I see in the Dollar Index going forward. Maybe 79 hit by the end of the week.

http://www.forexfactory.com/attachme...1&d=1359472549

The 80.20-30 level of resistance has been consistent and held all the time the EUR/USD was supported by the 1.3260 level.

By breaking the 79.70 level the Dollar Index confirmed the 1st target printing right at previous lows, in the 79 area. That's where I see DX in the coming days maybe - as anticipated - by the end of the week.

Notice that the 79.30 area has been previous sloppy support and is here a broken line. I think there is also broken participation at those levels. Do not anticipate a reaction in that area.

Trade safe & good luck
"markets traded by programs/HFT offer a significant trading edge..."
  • #334,929
  • Jan 29, 2013 9:26am Jan 29, 2013 9:26am
Quoting Vilkas
B. option is in range thank you for leading us
yes the 5730 could not come anytime soon... but who knows?!
btw... i should stop to make insane daily calls in the morning. just today i said: price could even close near 5830.
lol.
last time i did this, price closed 6180
90% of traders use TA, indicators and prediction
  • #334,930
  • Edited 9:40am Jan 29, 2013 9:27am | Edited 9:40am
Quoting albchr
Morning folks,

I'm long from 5679 off what I thought would be an obvious point (to at least bounce) on weekly. +55 with 20 locked in and letting run. Would like to see 5780ish if it can break 40ish.
This bounce is a good sign for my long BUT...it's only Tuesday. This has been a strong 4 year range and getting much tighter now. Also, 4th touch of that lower TL means it "could" drop like a rock to 5270 (50%) like last May. I'm still treating this long as a CT trade ATM so will watch PA around 5820ish (if it gets there) for possible shorts.

Locking in 50 and let it alone.
Attached Image (click to enlarge)
Click to Enlarge Name: gu_weekly mu.gif Size: 26 KB
Ghost Rider - WWTBMD?
  • #334,931
  • Jan 29, 2013 9:29am Jan 29, 2013 9:29am
Quoting _BBKing_
definetly i declare the birth of a new pattern!

let's give it a name!!
without being voulgar of course....

it is recently seen in all instruments, i mean in last months.....
both on bottoms and tops.
and in a lot of timeframes.

seems like a bearish flag (but is not)
seems like a low liquidity move (but is not)
seems a continuation (but is not)
seems a reversal (but is not - at least until the 5710 held in this case)

ya know, i think you've got something there. i cast my vote for: "THE FINGER"
  • #334,932
  • Jan 29, 2013 9:42am Jan 29, 2013 9:42am
Quoting _BBKing_
yes the 5730 could not come anytime soon... but who knows?!
btw... i should stop to make insane daily calls in the morning. just today i said: price could even close near 5830.
lol.
last time i did this, price closed 6180

well i think it can come but i do like your daily call with such markets moves as you do
Loosening is not an option
  • #334,933
  • Jan 29, 2013 9:46am Jan 29, 2013 9:46am
Quoting 1candlepower
ya know, i think you've got something there. i cast my vote for: "THE FINGER"

wait, make that "HAND AND FINGER" a la "head and shoulders"
  • #334,934
  • Jan 29, 2013 9:59am Jan 29, 2013 9:59am
Quoting _BBKing_
yes the 5730 could not come anytime soon... but who knows?!
btw... i should stop to make insane daily calls in the morning. just today i said: price could even close near 5830.
lol.
last time i did this, price closed 6180

As I can see you are working hard of making plan B
Loosening is not an option
  • #334,935
  • Jan 29, 2013 11:59am Jan 29, 2013 11:59am
Quoting Vilkas
As I can see you are working hard of making plan B
90% of traders use TA, indicators and prediction
  • #334,936
  • Jan 29, 2013 12:01pm Jan 29, 2013 12:01pm
Quoting Vilkas
As I can see you are working hard of making plan B
90% of traders use TA, indicators and prediction
  • #334,937
  • Jan 29, 2013 12:08pm Jan 29, 2013 12:08pm
i'm still laughing on this video
Inserted Video
90% of traders use TA, indicators and prediction
  • #334,938
  • Jan 29, 2013 12:17pm Jan 29, 2013 12:17pm
Quoting _BBKing_
i'm still laughing on this video
http://www.youtube.com/watch?v=zd7c5tQCs1I

this one is rough )
Loosening is not an option
  • #334,939
  • Jan 29, 2013 12:21pm Jan 29, 2013 12:21pm
Quoting _BBKing_
i'm still laughing on this video
http://www.youtube.com/watch?v=zd7c5tQCs1I
Ghost Rider - WWTBMD?
  • #334,940
  • Jan 29, 2013 12:43pm Jan 29, 2013 12:43pm
Quoting _BBKing_
i'm still laughing on this video
http://www.youtube.com/watch?v=zd7c5tQCs1I
i dont understand how this man dont seem to feel the cold..its funny as hell thou
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