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Cable Update (GBPUSD)

  • #351,061
  • Oct 29, 2013 8:18am Oct 29, 2013 8:18am
...
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  • #351,062
  • Oct 29, 2013 8:18am Oct 29, 2013 8:18am
Quoting okanemici
{quote} Thank you Navin, that's very kind of you.I still need to learn and progress.
u can tell a lot about a trader simply by looking at their charts..not being kind bro!!..yur charts are great!!
  • #351,063
  • Oct 29, 2013 8:19am Oct 29, 2013 8:19am
Quoting PipTrapper
{quote} A picture says 3 words {image}
nice
  • #351,064
  • Oct 29, 2013 8:33am Oct 29, 2013 8:33am
Quoting TauTrader
Good day, We may be in process of forming a temp bottom for a few hours. Looking to scalp long. Regards
Good day,

It's ugly - I know.. but the indi does work well to pick temp bottoms/tops. I slapped it together over the week-end.Good for scalping a few here and there.

All the best
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  • #351,065
  • Oct 29, 2013 8:36am Oct 29, 2013 8:36am
If it is the end of wave c we should see impulse up. Other wise we may see corrective up then again down for 61.8 retrace @1.6034 or 78.6 retrace @ 1.5970

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Never test the depth of water with both feet.
  • #351,066
  • Oct 29, 2013 8:46am Oct 29, 2013 8:46am
60% are long now and 40% short..I didnt think id see this
  • #351,067
  • Oct 29, 2013 8:46am Oct 29, 2013 8:46am
ahh, once again we have 2 opportunities I read few posts above - we either go up from that point or go down. I hope someone will come to explain this to all of us one day - what is the other direction or what are the other directions?
  • #351,068
  • Oct 29, 2013 8:50am Oct 29, 2013 8:50am
Here is my scenario for usdlfx for today and tomorrow.Let's see how it plays.
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  • #351,069
  • Oct 29, 2013 8:53am Oct 29, 2013 8:53am
.....price broke downside of the recent previous 4hr 6114-6256 range in the Asian session finding a base at 6064 and pulling back to test the range bottom which acted as resistance now at 6118 pullback hi....to send price down to a 6059 - 200sma on 4hr, previous 1hr swing lo. 23.6% 5425-6259 and 3rd test of topside of that previous 4hr descending t/line....Bears are in control intraday and joy unlimited for the bears - now 60% of lots are long re this site's trade explorer ! lol. Near-term, other than downside fibs shown on 4hr chart, just below current lo is that previous 4hr swing hi zone (prev [non immediate] resistance) and in there is 23.6% of 5203-6296 @ 6011.

76% of 20 day atr travelled today so far.

G/L
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ex member
  • #351,070
  • Oct 29, 2013 8:53am Oct 29, 2013 8:53am
Quoting ravenbg
ahh, once again we have 2 opportunities I read few posts above - we either go up from that point or go down. I hope someone will come to explain this to all of us one day - what is the other direction or what are the other directions?
In my opinion it depends on how GU will up (if it ) . If it go up with impulse move there is possibility of trend reverse, if it move up with correction then it will go down more after having some corrective move.
Never test the depth of water with both feet.
  • #351,071
  • Oct 29, 2013 8:59am Oct 29, 2013 8:59am
Quoting JimmyC
Hello GU GU 4H 1.606 in sight {image}
Complete
  • #351,072
  • Oct 29, 2013 9:01am Oct 29, 2013 9:01am
Quoting JimmyC
{quote} Complete
Seems there are a few bears still on the oblique R

G/L
  • #351,073
  • Oct 29, 2013 9:02am Oct 29, 2013 9:02am
3 directions up ,down, side ?

Quoting ravenbg
ahh, once again we have 2 opportunities I read few posts above - we either go up from that point or go down. I hope someone will come to explain this to all of us one day - what is the other direction or what are the other directions?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #351,074
  • Oct 29, 2013 9:03am Oct 29, 2013 9:03am
GBPUSDM30
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THERE IS NO SYSTEM
  • #351,075
  • Oct 29, 2013 9:04am Oct 29, 2013 9:04am
wont play out like that

Quoting okanemici
Here is my scenario for usdlfx for today and tomorrow.Let's see how it plays. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #351,076
  • Oct 29, 2013 9:07am Oct 29, 2013 9:07am
Quoting nAVIN2007
{quote} u can tell a lot about a trader simply by looking at their charts..not being kind bro!!..yur charts are great!!
Thanks I feel spoiled
  • #351,077
  • Oct 29, 2013 9:09am Oct 29, 2013 9:09am
Quoting Bones
wont play out like that {quote}
It is a scenario and to me it has a high possibility, I'm open to see other scenarios too.Share if you have one please.
As I expected weak dolar by NY today I longed gold 1346-1349.Will see how it plays.
  • #351,078
  • Oct 29, 2013 9:10am Oct 29, 2013 9:10am
Quoting Bones
wont play out like that {quote}

i know u are enjoying haha
lets place the seatbelts amigo!!
  • #351,079
  • Oct 29, 2013 9:11am Oct 29, 2013 9:11am
ascending weekly/daily trend line joining 4811 with 5893 comes thru @ 6025-35 on today's daily candle

G/L
ex member
  • #351,080
  • Oct 29, 2013 9:12am Oct 29, 2013 9:12am
Quoting Bones
3 directions up ,down, side ? {quote}

missed 2 bro

side with down
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