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Cable Update (GBPUSD)

  • #348,581
  • Oct 9, 2013 4:58pm Oct 9, 2013 4:58pm
Quoting KillerWhale
{quote} Sorry, I don't have much experience, I only trade for more than 8 years now. But even if long is the right direction, a wise trader should first see the break of resistance.
I never said you are not experienced and it don't want to get in argument if the price entered is good or not, as long as my RR is sensible (to me) and trade is entered through proper system I'm comfortable

by the way 1.5950 is an important resistance as per my chart and I entered the long only once the day closed with price above resistance.

good luck!
  • #348,582
  • Oct 9, 2013 5:10pm Oct 9, 2013 5:10pm
Quoting fxmasterdxb
{quote} I never said you are not experienced and it don't want to get in argument if the price entered is good or not, as long as my RR is sensible (to me) and trade is entered through proper system I'm comfortable by the way 1.5950 is an important resistance as per my chart and I entered the long only once the day closed with price above resistance. good luck!
I don't want to argument either but there is one thing you should know:

1.5950 WAS a minor support until it was broken by a 4 hour close below just a few hours ago.
As of now 1.5950 is of no significance anymore.
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  • #348,583
  • Oct 9, 2013 5:18pm Oct 9, 2013 5:18pm
Quoting KillerWhale
{quote} I don't want to argument either but there is one thing you should know: 1.5950 WAS a minor support until it was broken by a 4 hour close below just a few hours ago. As of now 1.5950 is of no significance anymore.
Only PA will tell
  • #348,584
  • Oct 9, 2013 5:21pm Oct 9, 2013 5:21pm
Quoting fxmasterdxb
{quote} Only PA will tell
Right!
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  • #348,585
  • Oct 9, 2013 6:14pm Oct 9, 2013 6:14pm
Quoting KillerWhale
{quote} Well, we know that down goes a lot faster than up. I guess that's gravity at work. My next target is 1.5760
My next target 1.5770.
  • #348,586
  • Oct 9, 2013 6:14pm Oct 9, 2013 6:14pm
It's trying to get down through 1.5950 right now.
  • #348,587
  • Oct 9, 2013 6:28pm Oct 9, 2013 6:28pm
My target 1.49
Money never sleeps I can hear the dollar calling me
  • #348,588
  • Oct 9, 2013 7:43pm Oct 9, 2013 7:43pm
Quoting Tsar
{quote} My Calculation is Price 1.5888 Got DOJI Candle in Price 1.5921 in H1 Chart, Bro. I've got Bounce in EUR/AUD the first and GBP/NZD the second {image}
Cable in H1 Chart...

Keep watch in 1.6007 first.
Posible Upward to Price 1.6020 as Fibo 50%
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-10-10_Cable in H1 Chart.jpg Size: 487 KB
Always looking the GREAT, never left GOOD Point...
  • #348,589
  • Oct 9, 2013 7:51pm Oct 9, 2013 7:51pm
Quoting Tsar
{quote} Cable in H1 Chart... Posible Upward to Price 1.6020 as Fibo 50% {image}
I doubt if it will get over 1.60
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  • #348,590
  • Oct 9, 2013 7:56pm Oct 9, 2013 7:56pm
Quoting KillerWhale
{quote} I doubt if it will get over 1.60
Found Hammer in H4 Chart, Bro.

And I was edit my Post... keep watch in Price 1.6007 first
Always looking the GREAT, never left GOOD Point...
  • #348,591
  • Oct 9, 2013 8:17pm Oct 9, 2013 8:17pm
Cable in H4 Chart...


It's Good Strategy take LONG if above (BLUE Box) Price 1.5968
Need Clear first...


NOTE :
Background Candles as DAILY Candle.
DAILY - Stronger BEARISH.
WEEKLY - Strongest BEARISH.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-10-10_Cable in H4 Chart.jpg Size: 960 KB
Always looking the GREAT, never left GOOD Point...
  • #348,592
  • Oct 9, 2013 8:39pm Oct 9, 2013 8:39pm
Quoting Tsar
Cable in H4 Chart... It's Good Strategy take LONG if above (BLUE Box) Price 1.5968 Need Clear first... NOTE : Background Candles as DAILY Candle. DAILY - Stronger BEARISH. WEEKLY - Strongest BEARISH. {image}
Cable in H1 Chart...

.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-10-10_Cable in H1 Chart - Candle.jpg Size: 935 KB
Always looking the GREAT, never left GOOD Point...
  • #348,593
  • Oct 9, 2013 8:49pm Oct 9, 2013 8:49pm
Quoting Tsar
Cable in H4 Chart... It's Good Strategy take LONG if above (BLUE Box) Price 1.5968 Need Clear first... NOTE : Background Candles as DAILY Candle. DAILY - Stronger BEARISH. WEEKLY - Strongest BEARISH. {image}
Cable in M30 Chart...

.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-10-10_Cable in M30 Chart - Candle.jpg Size: 915 KB
Always looking the GREAT, never left GOOD Point...
  • #348,594
  • Oct 9, 2013 8:55pm Oct 9, 2013 8:55pm
Quoting Tsar
Cable in H4 Chart... It's Good Strategy take LONG if above (BLUE Box) Price 1.5968 Need Clear first... NOTE : Background Candles as DAILY Candle. DAILY - Stronger BEARISH. WEEKLY - Strongest BEARISH. {image}

Cable in M15 Chart...

.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-10-10_Cable in M15 Chart - Candle.jpg Size: 261 KB
Always looking the GREAT, never left GOOD Point...
  • #348,595
  • Oct 9, 2013 9:05pm Oct 9, 2013 9:05pm
I'd like to see it a bit higher, I have pending short @ 1.5990
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  • #348,596
  • Oct 9, 2013 9:34pm Oct 9, 2013 9:34pm
Quoting KillerWhale
I'd like to see it a bit higher, I have pending short @ 1.5990
My shorts are all BE or above. I know 5 hours ago I was questioned but I am on free trades at this point.

Target still 5865 stage 1. 5700 stage 2. 5500 stage 3
  • #348,597
  • Oct 9, 2013 9:44pm Oct 9, 2013 9:44pm
Quoting edindzeko
{quote} My shorts are all BE or above. I know 5 hours ago I was questioned but I am on free trades at this point. Target still 5865 stage 1. 5700 stage 2. 5500 stage 3
We might get a sizable retrace before your target 3.
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  • #348,598
  • Oct 9, 2013 10:25pm Oct 9, 2013 10:25pm
need to watch :
Asset Purchase Facility
Official Bank Rate

maybe can make little strong north before south again
even better than mama
  • #348,599
  • Oct 9, 2013 10:28pm Oct 9, 2013 10:28pm
Bearish, but waiting to see what the Bank of England rate decision is at 11 AM London time Oct. 10th. Expect rate to remain at .50%
  • #348,600
  • Oct 9, 2013 10:48pm Oct 9, 2013 10:48pm
im short 5 positions , taking partials around here and lower... playing the possibility of a bigger move
Attached Image (click to enlarge)
Click to Enlarge Name: 9oct10cableshorts.png Size: 23 KB
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