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Cable Update (GBPUSD)

  • #336,381
  • Feb 27, 2013 10:13am Feb 27, 2013 10:13am
Quoting inpatient
looks a good call, im hoping to get back under 1.51
I'm not very good with drawing and using lines, but I drew one from further back and the last hourly candle seems to touch it rather nicely.

Attached Image (click to enlarge)
Click to Enlarge Name: hmm.jpg Size: 224 KB
  • #336,382
  • Feb 27, 2013 2:16pm Feb 27, 2013 2:16pm
Quoting seaman2
Strong sell.
Looking towards 1.3 in a month or a bit more.
Invalidated if 15320
  • #336,383
  • Feb 27, 2013 5:34pm Feb 27, 2013 5:34pm
Quoting aurasuccess
i buy gbpusd now..target 161.8%


http://my.jetscreenshot.com/6252/m_2...-gamn-63kb.jpg
I am looking for the good entry point @ 15130 target 15300 . 170 pips north is very possible for the last day of the month. Any one go with me?
  • #336,384
  • Feb 27, 2013 10:35pm Feb 27, 2013 10:35pm
chart update , month ending but price still hold without further tanking , that is stopped tanking & hence breakout & pullback likely at least a good try possible .so will wait today till close before any action .
watching 5148 and 20 breaks hold for further down to 5075 or and bounce towards next limit 5234, then 5273,5317,5335 or up .CAMEL ACTION MAY TAKE ACTION , BUT IF FAIL THIS TIME ,TANKING STRONG WITHOUT PULLBACK NOW.
gold watching 1584 & 70 for the low .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 22 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #336,385
  • Feb 27, 2013 10:41pm Feb 27, 2013 10:41pm
Quoting fontu
chart update , month ending but price still hold without further tanking , that is stopped tanking & hence breakout & pullback likely at least a good try possible .so will wait today till close before any action .
watching 5148 and 20 breaks hold for further down to 5075 or and bounce towards next limit 5234, then 5273,5317,5335 or up .CAMEL ACTION MAY TAKE ACTION , BUT IF FAIL THIS TIME ,TANKING STRONG WITHOUT PULLBACK NOW.
gold watching 1584 & 70 for the low .
fontu
How can anybody understand this chart?

Looks like something out of a trigonometry class...
  • #336,386
  • Feb 27, 2013 11:06pm Feb 27, 2013 11:06pm
Quoting 100PipsADay
How can anybody understand this chart?

Looks like something out of a trigonometry class...
LOL...easy bro. If it works for him that's great! I have MUCH respect for Fontu and one would do well to pay attention to his views. Just read his words and ignore the chart if it bothers you.

By the way, as a carpenter, I love trig....
Ghost Rider - WWTBMD?
  • #336,387
  • Feb 28, 2013 2:04am Feb 28, 2013 2:04am
2 rejections from the Mid resistance level during the Asian session on the hourly, I expect a move down to the pivot point if it has a 3rd rejection.

Attached Image
  • #336,388
  • Feb 28, 2013 2:14am Feb 28, 2013 2:14am
already 2 buy positions on. will it reach my target??
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd taget.PNG Size: 44 KB
  • #336,389
  • Feb 28, 2013 2:21am Feb 28, 2013 2:21am
GU
Dominant Trend is Down
Right now is in correction toward 1.5206/16
Attached Image (click to enlarge)
Click to Enlarge Name: GU1.JPG Size: 54 KB
Don’t follow someone else’s trading advice blindly
  • #336,390
  • Feb 28, 2013 2:28am Feb 28, 2013 2:28am
Quoting 100PipsADay
How can anybody understand this chart?

Looks like something out of a trigonometry class...
Just my speculation here! Fontu may have different colors for res and supp TLs and may be there are TLs from 2 TFs. Hmm i think hourly and daily! I think..
In any case, i respect fontu's work very much too :-)

Cheers to all..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #336,391
  • Feb 28, 2013 2:38am Feb 28, 2013 2:38am
Quoting baherhosni
Just my speculation here! Fontu may have different colors for res and supp TLs and may be there are TLs from 2 TFs. Hmm i think hourly and daily! I think..
In any case, i respect fontu's work very much too :-)

Cheers to all..
Yes definitely a lot of action on that chart, but just to clarify, I do respect Fontu and what he brings to this forum. Just can't read that chart at all! LOL
  • #336,392
  • Feb 28, 2013 2:40am Feb 28, 2013 2:40am
Quoting chikanesoup
already 2 buy positions on. will it reach my target??
I hope so

Closed out my weaker longs this morning, then re-entered, just couldn't help it
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 32 KB
Come with me if you want to live....
  • #336,393
  • Feb 28, 2013 3:21am Feb 28, 2013 3:21am
and gu and eu some movement up
Attached Image (click to enlarge)
Click to Enlarge Name: 222.gif Size: 27 KB
  • #336,394
  • Feb 28, 2013 4:20am Feb 28, 2013 4:20am
Gbp lfx see if we can move away up from tl

H4
Attached Image (click to enlarge)
Click to Enlarge Name: gbp lfx h4 28-02-13.gif Size: 16 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #336,395
  • Feb 28, 2013 4:32am Feb 28, 2013 4:32am
tl will be created on 4 hr charts in couple of bars.

waiting patiently for violent break down on 4 hr chart. Probably event induced.
  • #336,396
  • Feb 28, 2013 4:38am Feb 28, 2013 4:38am
usd is not my focus right now ,under 1.7200
Attached Image (click to enlarge)
Click to Enlarge Name: usd lfx w1 28-02-13.gif Size: 17 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #336,397
  • Feb 28, 2013 4:51am Feb 28, 2013 4:51am
not that im trading cable but its better for me for up,in March
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd w1 28-2-13.png Size: 16 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #336,398
  • Feb 28, 2013 4:54am Feb 28, 2013 4:54am
Ok , charts update who can understand , otherwise just sorry .Take care .
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 19 KB
Click to Enlarge Name: eu.gif Size: 17 KB
Click to Enlarge Name: gu2.gif Size: 18 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #336,399
  • Feb 28, 2013 5:03am Feb 28, 2013 5:03am
Quoting walkman
and gu and eu some movement up
i agree with you,
  • #336,400
  • Feb 28, 2013 5:04am Feb 28, 2013 5:04am
Quoting kamifx
GU
Dominant Trend is Down
Right now is in correction toward 1.5206/16
Forex Traders must follow of clear,definite and of course profitable methods, analysis not trying to use a lot of lines, wage, doubtful info. in the charts
Away of colorful charts which make you wander for having acceptable trades
Even when you lose be able to find out the reason of that and correct yourself right away
It's a good thread so i suggest may it gets better and more profitable
Don’t follow someone else’s trading advice blindly
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