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Cable Update (GBPUSD)

  • #352,021
  • Nov 6, 2013 5:51am Nov 6, 2013 5:51am
Quoting suthmo
{quote} Done {image}
okay good. Now what?
Those who say it cannot be done should not interrupt those who are doing it
  • #352,022
  • Nov 6, 2013 6:03am Nov 6, 2013 6:03am
Good day to you,

Some indicators I have been working on for a while. This 4hr bar closes in 2hrs. If the 4hr closes and the indi remains unchanged (as marked) - we could possibly see downward pressure for the next few 4hr bars..

They do not always work out - but does most of the times - could be good for 30 - 50 pips.. so, at this point - happy that i'm short

All the best.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 77 KB
  • #352,023
  • Nov 6, 2013 6:03am Nov 6, 2013 6:03am
Quoting julia2011
only minutes i'm waiting the drop from these levels cable 6120 ,,,, eu 3520 about 100 pips today
  • #352,024
  • Nov 6, 2013 6:11am Nov 6, 2013 6:11am
now it's playing with R1 Daily Pivot

shall see if it's a buy on dip on R1 or not
Don't give up
  • #352,025
  • Nov 6, 2013 6:24am Nov 6, 2013 6:24am
Quoting PipTrapper
{quote} Okay then ditch the sma. The supply/demand indie I have attached is not based on anything other than previous zones where price has been aggressively rejected and not yet breached. The virgin ones (Only kissed once) which are indicated in bright colors, are always good for at least one more rejection before they get penetrated. If you just traded these virgin ones, you would have a greater than 70% win rate. {file}

nice indi...did u make it yourself ?
  • #352,026
  • Edited 6:53am Nov 6, 2013 6:32am | Edited 6:53am
Quoting PipTrapper
{quote} okay good. Now what?
Drop it like it's hot, hopefully 1.58XX 61.8 fib just above @ 61199 might need a tap
Founder of Sutherland Wave Principle
  • #352,027
  • Nov 6, 2013 6:35am Nov 6, 2013 6:35am
I see 1.7300 on GU
  • #352,028
  • Nov 6, 2013 6:38am Nov 6, 2013 6:38am
well at least we all know


Quoting munirnadir
I see 1.7300 on GU
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,029
  • Nov 6, 2013 6:51am Nov 6, 2013 6:51am
Howzit GU
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 24 KB
  • #352,030
  • Nov 6, 2013 6:52am Nov 6, 2013 6:52am
Quoting lumesh
{quote} nice indi...did u make it yourself ?
No I didn't.
I don't remember exactly where I got it, but I did make some modifications to it, so yes it has a PT touch
Those who say it cannot be done should not interrupt those who are doing it
  • #352,031
  • Nov 6, 2013 6:54am Nov 6, 2013 6:54am
Quoting suthmo
{quote} Drop it like it's hot, hopefully 1.58XX
If we break and hold below 5885/5900, then it's a given we have a measured target of 1.55xx from the double top.
Those who say it cannot be done should not interrupt those who are doing it
  • #352,032
  • Nov 6, 2013 6:57am Nov 6, 2013 6:57am
Quoting PipTrapper
{quote} No I didn't. I don't remember exactly where I got it, but I did make some modifications to it, so yes it has a PT touch

The Magic Touch...
Attached Image (click to enlarge)
Click to Enlarge Name: magic touch.png Size: 167 KB
  • #352,033
  • Nov 6, 2013 6:57am Nov 6, 2013 6:57am
Quoting munirnadir
I see 1.7300 on GU
I have three questions for you.

1. When approximately?
2. Why would you project that far ahead when we still have oodles of tough levels between here and there?
3. What are you technical and fundamental justifications for such a level?

If your answer to question 1 is "Sometime in 2016", then you can disregard questions 2 and 3.
Those who say it cannot be done should not interrupt those who are doing it
  • #352,034
  • Nov 6, 2013 6:59am Nov 6, 2013 6:59am
Quoting JimmyC
Howzit GU {image}
Howzit my bru,

Hope you are well!

Regards
  • #352,035
  • Nov 6, 2013 6:59am Nov 6, 2013 6:59am
Quoting Bones
well at least we all know {quote}
Those who say it cannot be done should not interrupt those who are doing it
  • #352,036
  • Nov 6, 2013 7:01am Nov 6, 2013 7:01am
Quoting lumesh
{quote} The Magic Touch... {image}
Nah it's not magic... just personal
Attached Image (click to enlarge)
Click to Enlarge Name: pt logo_full.png Size: 197 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #352,037
  • Nov 6, 2013 7:02am Nov 6, 2013 7:02am
Quoting TauTrader
Good day to you, Some indicators I have been working on for a while. This 4hr bar closes in 2hrs. If the 4hr closes and the indi remains unchanged (as marked) - we could possibly see downward pressure for the next few 4hr bars.. They do not always work out - but does most of the times - could be good for 30 - 50 pips.. so, at this point - happy that i'm short All the best. {image}
What indicators do you use
  • #352,038
  • Nov 6, 2013 7:02am Nov 6, 2013 7:02am
Quoting TauTrader
{quote} Howzit my bru, Hope you are well! Regards
Lekker!
  • #352,039
  • Nov 6, 2013 7:03am Nov 6, 2013 7:03am
GBP hovering under 61% and waiting for Euro to catch up so we can move on. USDX struggling at 80/81 area could be a deal breaker for shorts tho.
Founder of Sutherland Wave Principle
  • #352,040
  • Nov 6, 2013 7:07am Nov 6, 2013 7:07am
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