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Cable Update (GBPUSD)

  • #335,041
  • Feb 1, 2013 5:01am Feb 1, 2013 5:01am
Quoting walkman
gu today Technical according lines

i will wait one more hour to see good h1 candle to sell.
would also like to short but i'm maybe too much planned on bullish side
if pattern repeats, price will go near 1.59 - 1.5920 before another leg down.

my prefered entry short could be between 5930 and 5970
or long near 5800 again

4h chart is developing a bottoming pattern
neckline 5800
chart below shows what i mean
of course... i'm not considering scalps actually
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_4 Hours_snapshot.jpg Size: 72 KB
90% of traders use TA, indicators and prediction
  • #335,042
  • Edited 5:20am Feb 1, 2013 5:10am | Edited 5:20am
Quoting _BBKing_
would also like to short but i'm maybe too much planned on bullish side
if pattern repeats, price will go near 1.59 - 1.5920 before another leg down.

my prefered entry short could be between 5930 and 5970
or long near 5800 again

4h chart is developing a bottoming pattern
neckline 5800
chart below shows what i mean
of course... i'm not considering scalps actually
all my trades are scalps...


still i think fibo on H4 still valid and saying down

updated: if he breaks down right now... it will take a lot of stops because here is really not bad place to buy.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 16 KB
  • #335,043
  • Feb 1, 2013 5:23am Feb 1, 2013 5:23am
ready for NFP show?
Inserted Video
90% of traders use TA, indicators and prediction
  • #335,044
  • Feb 1, 2013 5:39am Feb 1, 2013 5:39am
Quoting _BBKing_
ready for NFP show?
http://www.youtube.com/watch?v=WXJZXR5Qb-8
Stop posting videos of me whahaha
Loosening is not an option
  • #335,045
  • Feb 1, 2013 5:43am Feb 1, 2013 5:43am
critical test of low 1.58's is holding.......so far and looking higher from here
  • #335,046
  • Feb 1, 2013 6:00am Feb 1, 2013 6:00am
my scalping strategy on M5 screaming sell although if i look on H1 sell looks not very good idea
Attached Image
  • #335,047
  • Feb 1, 2013 7:54am Feb 1, 2013 7:54am
Quoting walkman
my scalping strategy on M5 screaming sell although if i look on H1 sell looks not very good idea
sell one more time. previous was minus.
scalping cause lot of nerves...
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 14 KB
  • #335,048
  • Feb 1, 2013 8:11am Feb 1, 2013 8:11am
seems like weekly chart loves this 5820-35.
must be a reason for that.
90% of traders use TA, indicators and prediction
  • #335,049
  • Feb 1, 2013 8:25am Feb 1, 2013 8:25am
looks like price is gonna stop on the rising 1hr trendline.Can we expect 1.5900 by today ?
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 24 KB
  • #335,050
  • Feb 1, 2013 8:35am Feb 1, 2013 8:35am
Quoting zoomfire
looks like price is gonna stop on the rising 1hr trendline.Can we expect 1.5900 by today ?
i think 5706 ...
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 16 KB
Money is made by sitting, not trading. Jesse L. Livermore
  • #335,051
  • Feb 1, 2013 8:35am Feb 1, 2013 8:35am
MY sell limit 1.5900 1.5850-15900 area for sell
  • #335,052
  • Feb 1, 2013 8:36am Feb 1, 2013 8:36am
... and gj 143.98...
Attached Image (click to enlarge)
Click to Enlarge Name: gj.png Size: 17 KB
Money is made by sitting, not trading. Jesse L. Livermore
  • #335,053
  • Feb 1, 2013 8:59am Feb 1, 2013 8:59am
This month I seem to have forgotten to close my trades during NFP. I will never forget it now.
"Trading: the hardest easy money you're going to earn." -Mark Douglas.
  • #335,054
  • Feb 1, 2013 12:09pm Feb 1, 2013 12:09pm
Quoting albchr
Personally, I'd like to see that 4 year triangle keep playing out and cruise back up to the 6300 area again. But that's a large hope from here me thinks....lol

But a short from 5820 to 5600ish would be just as nice. That would break the triangle and make a good possible path to 5300ish once confirmed.

Either way is fine with me.
Hi folks, couldn't be here today but I had a sell set for 5850 yesterday. Sure am glad I set the SL above 5900 ...lol

Just got home and closed it at 5735. While I was hoping for this drop, I had no idea it would happen this fast. Seems I missed a lot of action today eh?

Triangle not broken yet but I wonder now if we'll get that path to 5300ish I mentioned above. This month should prove interesting for sure. Hope you all had a great week and enjoy the weekend!
Ghost Rider - WWTBMD?
  • #335,055
  • Feb 1, 2013 12:30pm Feb 1, 2013 12:30pm
Quoting albchr
Hi folks, couldn't be here today but I had a sell set for 5850 yesterday. Sure am glad I set the SL above 5900 ...lol

Just got home and closed it at 5735. While I was hoping for this drop, I had no idea it would happen this fast. Seems I missed a lot of action today eh?

Triangle not broken yet but I wonder now if we'll get that path to 5300ish I mentioned above. This month should prove interesting for sure. Hope you all had a great week and enjoy the weekend!

well it was a fun day today, I hope that your prediction for 53 will come true
eur was mad totally mad without good reason
this month started with a big bang will see what fun it will bring
enjoy your weekend
Loosening is not an option
  • #335,056
  • Edited 2:32pm Feb 1, 2013 1:58pm | Edited 2:32pm
Quoting Ill-b-back



I just woke up to see this

Incredibly close, but no cigar
- Hi, Ill-b-back

- I hope you are doing well and your family.

- I always close my orders before the NFP (to book some profit), not to mention NFP + ISM

- Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: GU Results.png Size: 20 KB
  • #335,057
  • Feb 1, 2013 1:59pm Feb 1, 2013 1:59pm
Quoting walkman
and the winner of yesterday morning quiz is _BBKing_






Let's play morning Quiz.

How will look like today GU daily candle? choose one of five!!


i say NR 4

(if you asking why morning quiz needed?
in order to understand what today trend can be expected.
It is very important for traders trading m5 and m15 periods.)

yesterday professionals (_BBKing_) say uptrend and was right
- I thought I was the winner.
  • #335,058
  • Feb 1, 2013 2:40pm Feb 1, 2013 2:40pm
Quoting Ziko9o8
- I thought I was the winner.
you say No. 1.

No it was not long range candle it was nr 2... Today was long range candle
Attached Image
  • #335,059
  • Feb 1, 2013 2:43pm Feb 1, 2013 2:43pm
and the winner of today morning quiz is WilliamDa




Quoting WilliamDa
My pick will be NR5 .
  • #335,060
  • Feb 1, 2013 2:45pm Feb 1, 2013 2:45pm
Quoting walkman
you say No. 1.

No it was not long range candle it was nr 2... Today was long range candle
- OK.
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