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Cable Update (GBPUSD)

  • #344,721
  • Aug 7, 2013 5:12am Aug 7, 2013 5:12am
Quoting nAVIN2007
{quote} u need to learn too trade..the support is orders coming in on the weekly ascending trendline..nothing to do with banks..just speculative order flow
And perfect bounce off the internal/transverse TL from 2012 summer range compression
C'mon baby C'mon
Come with me if you want to live....
  • #344,722
  • Aug 7, 2013 5:14am Aug 7, 2013 5:14am
Quoting Trader88q
keep away till we see clear direction of trend. Nor up nor down. Better to wait is this able to brake 5400 if so 5600 on its way. I will not be surpriced if by the end of the day it will back again to 5200. cha cha cha. Las Vegas today
order comes in at 1.5210 kinda area..thats the line in the sand..big fight now at 1.5380 area..weekly descending trendline and potential ascending trendline at 1.5210 kinda area..which is the real deal...
  • #344,723
  • Aug 7, 2013 5:14am Aug 7, 2013 5:14am
I bet a lot got caught out short there - a case of trade what you see not what you think there.

G/L
ex member
  • #344,724
  • Aug 7, 2013 5:16am Aug 7, 2013 5:16am
Quoting Ill-b-back
{quote} And perfect bounce off the internal/transverse TL from 2012 summer range compression C'mon baby C'mon
ma men, how ya doin
  • #344,725
  • Aug 7, 2013 5:20am Aug 7, 2013 5:20am
Quoting bbmac
I bet a lot got caught out short there - a case of trade what you see not what you think there. G/L

that weekly ascending trendling is where i wanted to drop meh short but my internet connection died ..cheesed off but i think upside is limited
  • #344,726
  • Aug 7, 2013 5:21am Aug 7, 2013 5:21am
Quoting Makavell
Ok, buying cable now at current price 1.5296 target 1.5392
Quoting Makavell
{quote} Bought more cable at 1.5226 target still 1.5392
im out.
  • #344,727
  • Aug 7, 2013 5:22am Aug 7, 2013 5:22am
Emmmm......Its a very strong momentum.....breaking few trendlines already...Stay on the sidelines for now...Let em cool down......noticed it broke the triangle at daily chart...wow...
No Money, No Honey.....
  • #344,728
  • Aug 7, 2013 5:22am Aug 7, 2013 5:22am
Quoting Ill-b-back
{quote} And perfect bounce off the internal/transverse TL from 2012 summer range compression C'mon baby C'mon
see u at 1.49..
  • #344,729
  • Aug 7, 2013 5:22am Aug 7, 2013 5:22am
Quoting Makavell
{quote} {quote} im out.
No Money, No Honey.....
  • #344,730
  • Aug 7, 2013 5:23am Aug 7, 2013 5:23am
Quoting nAVIN2007
{quote} that weekly ascending trendling is where i wanted to drop meh short but my internet connection died ..cheesed off but i think upside is limited

I'm not see-ing your weekly asc t/line mate - you obviously draw then differently to me - I join up significant fractal swing hi's and lo's so have nothing on the weekly and even daily wasn't touched...thanks

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 151 KB
ex member
  • #344,731
  • Aug 7, 2013 5:24am Aug 7, 2013 5:24am
Quoting Trader88q
keep away till we see clear direction of trend. Nor up nor down. Better to wait is this able to brake 5400 if so 5600 on its way. I will not be surpriced if by the end of the day it will back again to 5200. cha cha cha. Las Vegas today
If she climbs up 5450, I will short her down, 1st TP for quick 80 pips
  • #344,732
  • Aug 7, 2013 5:26am Aug 7, 2013 5:26am
Quoting bbmac
{quote} I'm not see-ing your weekly asc t/line mate - you obviously draw then differently to me - I join up significant fractal swing hi's and lo's so have nothing on the weekly and even daily wasn't touched...thanks G/L
hi tom, hope u good
i think its likely to stay in the range..breakout to the downside i favour target triple bottom (1.49 ish)..for a buy towards 1.6

key for this is to stay below last weeks high
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdweekly.png Size: 76 KB
  • #344,733
  • Aug 7, 2013 5:26am Aug 7, 2013 5:26am
Quoting nAVIN2007
{quote} see u at 1.49..
I thought you just said yiu wanted out at the ascending TL
Come with me if you want to live....
  • #344,734
  • Aug 7, 2013 5:29am Aug 7, 2013 5:29am
Quoting nAVIN2007
{quote} see u at 1.49..
If we close bullish today, I'm thinking 5550 area
Come with me if you want to live....
  • #344,735
  • Aug 7, 2013 5:30am Aug 7, 2013 5:30am
Will anyone be so kind to tell me what's happening to GBP??
Believe what you see instead of what you think!
  • #344,736
  • Aug 7, 2013 5:31am Aug 7, 2013 5:31am
Thanks mate...I see now - for me that's a daily asc t/line as that 2nd swing low on weekly isn't a fractal swing yet - so fort me the daily asc t/line was not hit- just a difference in our interpretation ..thanks again.

G/L

Quoting nAVIN2007
{quote} hi tom, hope u good i think its likely to stay in the range..breakout to the downside i favour target triple bottom (1.49 ish)..for a buy towards 1.6 key for this is to stay below last weeks high {image}
ex member
  • #344,737
  • Aug 7, 2013 5:37am Aug 7, 2013 5:37am
Quoting Makavell
{quote} ma men, how ya doin
Good dude, just smokin' some Sushi...
Got to go, arrived at clients house.
Stay stoned bro
Come with me if you want to live....
  • #344,738
  • Aug 7, 2013 5:38am Aug 7, 2013 5:38am
Quoting Ill-b-back
{quote} I thought you just said yiu wanted out at the ascending TL

i did

cable i can buy easy but man i hate selling it..requires good timing to get out..i just think it is early to it to rise
  • #344,739
  • Aug 7, 2013 5:40am Aug 7, 2013 5:40am
Quoting bbmac
Thanks mate...I see now - for me that's a daily asc t/line as that 2nd swing low on weekly isn't a fractal swing yet - so fort me the daily asc t/line was not hit- just a difference in our interpretation ..thanks again. G/L {quote}

  • #344,740
  • Aug 7, 2013 5:41am Aug 7, 2013 5:41am
immediate upside:

5431 = Weekly R1 @/around

5435-41 prev 4hr sw hi zone

5443 Current Daily hi

5444 Daily R3

5460-77 prev 4hr/minor daily sw hi zone incl 5471=76.4% 5676-4811

5489 Monthly R1 @/around

5513-28 prev 4hr/minor dly sw hi zone incl 5528=76.4% 5751-4811

5543 38.2% 6746-4811

5548 85.4% 5676-4811

5550-70 weekly descending t/line on today's daily candle incl 5562-79 = prev 4hr sw lo zone (non immed) incl5578 = Weekly R2 @/around, and 5579= 50% 6349-4811

5612 85.4% 5751-4811
------------------------------

Price @ 193% of 20 day atr so far today, 86% of 20 week atr so far this week.

G/L
ex member
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