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Cable Update (GBPUSD)

  • #336,841
  • Mar 12, 2013 1:22pm Mar 12, 2013 1:22pm
Quoting eliteincome
Gidday

Been shorting for weeks
I know at some point it will turn around
but it is creeping down
144 seems like it could happen

i doubt it...the guard dogs are out
  • #336,842
  • Mar 12, 2013 1:24pm Mar 12, 2013 1:24pm
Quoting chazzle
did you see them buying it?

nice results buddy..saw them on facebook ipad giveaway
  • #336,843
  • Mar 12, 2013 1:26pm Mar 12, 2013 1:26pm
Quoting baherhosni

thanks for yur pm m8..its all good bro..i never sent my positions because i try not to get absorbed by trading..market will do whatever it wants. i will just be patient

thank u for yur concern thou..always nice
  • #336,844
  • Mar 12, 2013 1:34pm Mar 12, 2013 1:34pm
Some courage in gu first time perhaps with breaks 4878 but not enough yet , need break 4916 to start , to 4954 , 66 & 81 to actually go. 5060/73 breakout areas to play if then for real correction .
Gold did a corrective move without a little fall from the morning but look unreliable to bet long though expected for some days , anyways last leg up for the down continue there , levels now 1600 , next 1620 & last 1651 . so will watch how strength it can show next .
take care both sides.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #336,845
  • Mar 12, 2013 1:52pm Mar 12, 2013 1:52pm
Quoting nAVIN2007
nice results buddy..saw them on facebook ipad giveaway


riding the spam wave

  • #336,846
  • Mar 12, 2013 2:07pm Mar 12, 2013 2:07pm
Quoting nAVIN2007
thanks for yur pm m8..its all good bro..i never sent my positions because i try not to get absorbed by trading..market will do whatever it wants. i will just be patient

thank u for yur concern thou..always nice
Never mention it bro.. was just thinking I may be of some use..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #336,847
  • Mar 12, 2013 2:09pm Mar 12, 2013 2:09pm
Quoting baherhosni
Never mention it bro.. was just thinking I may be of some use..
when i trade i never take advise from any1 because im responsible..and the minute i do something because of someone else..i doubt i will ever have the conviction to see it completely though

bless yah
  • #336,848
  • Mar 12, 2013 3:14pm Mar 12, 2013 3:14pm
I am still long GBPCAD with a 20-pip profit already.
  • #336,849
  • Mar 12, 2013 3:31pm Mar 12, 2013 3:31pm
Quoting chazzle


riding the spam wave


  • #336,850
  • Mar 12, 2013 4:21pm Mar 12, 2013 4:21pm
Quoting nAVIN2007
anything can happen after all it is a broadening traingle..yur analysis is interesting in the way u find a method to trade, i like the simplicity of it. The bottom line if it makes u money its great!!
Well thanks, I based it on PipEasy's "Building an equity millipede" thread which can be found here: http://www.forexfactory.com/showthread.php?t=245149. Must read for all traders in my opinion. I consider myself fortunate for stumbling over it. Everyone has got there own methods, but PipEasy's method emphasizes the most true and tested trading principle of them all...let winners run and cut losers short.

Daily candle just closed 15 mins ago and shows another long lower wick with a close above 1.49...not good news for bears. I have to say that the bulls are in control of the daily chart. 1.4880 has been holding nicely as I'm not showing any 4HR closes below that point. I ultimately think we will get back down to 1.4880 during the next daily candle and the price action that happens there will be very important, but as bbmac says...we don't know where price is going for sure.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #336,851
  • Mar 12, 2013 4:46pm Mar 12, 2013 4:46pm
Quoting zusch
Well thanks, I based it on PipEasy's "Building an equity millipede" thread which can be found here: http://www.forexfactory.com/showthread.php?t=245149. Must read for all traders in my opinion. I consider myself fortunate for stumbling over it. Everyone has got there own methods, but PipEasy's method emphasizes the most true and tested trading principle of them all...let winners run and cut losers short.

Daily candle just closed 15 mins ago and shows another long lower wick with a close above 1.49...not good news for bears. I have...

not exactly healthy long opportunity but its done well considering news today was shocking..i agree the low is under attack
  • #336,852
  • Mar 12, 2013 4:46pm Mar 12, 2013 4:46pm
Quoting zusch
Well thanks, I based it on PipEasy's "Building an equity millipede" thread which can be found here: http://www.forexfactory.com/showthread.php?t=245149. Must read for all traders in my opinion. I consider myself fortunate for stumbling over it. Everyone has got there own methods, but PipEasy's method emphasizes the most true and tested trading principle of them all...let winners run and cut losers short.

Daily candle just closed 15 mins ago and shows another long lower wick with a close above 1.49...not good news for bears. I have...
I have a 4hr candle closed below 1.4880, daily hasn't closed here either and still has time to close below 1.49. I also have a nice trend line on my 1hr chart that has held nicely for the past few days. A somewhat mixed picture.
  • #336,853
  • Mar 12, 2013 5:03pm Mar 12, 2013 5:03pm
Quoting blobsaudio
I have a 4hr candle closed below 1.4880, daily hasn't closed here either and still has time to close below 1.49. I also have a nice trend line on my 1hr chart that has held nicely for the past few days. A somewhat mixed picture.
Sucks how different brokers use different daily opening times and different 4HR open times...makes it harder for traders like us to communicate. Doesn't make a difference though as long as we follow the monthly/weekly trend. When I bought a new computer and installed TradeStation, I found my 4HR candles opened 1 hour later than on my old comp, but I knew it wouldn't affect my trading. Sometimes you'll be able to get in sooner than me and sometimes I'll get in sooner than you.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #336,854
  • Mar 12, 2013 5:35pm Mar 12, 2013 5:35pm
GBPUSD H4 Chart as below.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 39 KB
  • #336,855
  • Mar 12, 2013 5:52pm Mar 12, 2013 5:52pm
Quoting nAVIN2007
not exactly healthy long opportunity but its done well considering news today was shocking..i agree the low is under attack
So! should I call this is a weekly bottom of GU.

I will enjoy more if it is a monthly or even yearly bottom, then I can buy more stuff with my salary in GBP and so on. I really enjoy the time GBP = 2 USD

Any way, back to trading, I hold my short from 15030 SL 14940 & TP 14800. Meanwhile, I kick-off 2 positions long to wait for 15300 or 15600
  • #336,856
  • Mar 12, 2013 5:55pm Mar 12, 2013 5:55pm
Quoting Hope
GBPUSD H4 Chart as below.
I guess your chart shows the trend changes - possibility
  • #336,857
  • Mar 12, 2013 6:44pm Mar 12, 2013 6:44pm
Quoting zusch
Well thanks, I based it on PipEasy's "Building an equity millipede" thread which can be found here: http://www.forexfactory.com/showthread.php?t=245149. Must read for all traders in my opinion. I consider myself fortunate for stumbling over it. Everyone has got there own methods, but PipEasy's method emphasizes the most true and tested trading principle of them all...let winners run and cut losers short.

Daily candle just closed 15 mins ago and shows another long lower wick with a close above 1.49...not good news for bears. I have...
I'm curious why you think the bulls are in control of the daily chart?
Come with me if you want to live....
  • #336,858
  • Mar 12, 2013 6:47pm Mar 12, 2013 6:47pm
Quoting ForexRatVN
I guess your chart shows the trend changes - possibility
Current PA seems to suggest a possibility of reversal. H4 Inside Bar to the downside seem to be a "fakey". So now watching H4 & H8 Inside Bar levels to the upside, taking into mind the current H4 bullish divergence.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H8.png Size: 40 KB
  • #336,859
  • Mar 12, 2013 7:08pm Mar 12, 2013 7:08pm
Quoting Hope
Current PA seems to suggest a possibility of reversal. H4 Inside Bar to the downside seem to be a "fakey". So now watching H4 & H8 Inside Bar levels to the upside, taking into mind the current H4 bullish divergence.

Nothing going on right now i think people are reading too much into some of the patterns. Market waiting for tomorrows news before making a move.
Money never sleeps...
  • #336,860
  • Mar 12, 2013 7:35pm Mar 12, 2013 7:35pm
Quoting Ill-b-back
I'm curious why you think the bulls are in control of the daily chart?
As I mentioned before, its mainly the long lower wicks that have been created with closes above 1.49. Also yesterdays candle is technically a "flying buddah" although not a very convincing/actionable one. No arguing that there have been lower lows and lower highs which is the definition of a downtrend. Have to keep in mind the weekly candle is saying strong sell. Maybe we get a false breakout of 1.4918 (yesterdays high) and move lower from that point, but really difficult to predict at this time.
Attached Image (click to enlarge)
Click to Enlarge Name: 3.12.13 GBPUSD Daily.png Size: 31 KB
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
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