Smile, Breath, and Go slowly
Cable Update (GBPUSD)
anyone trading? is there a chance for significant move down or its only a teasing of Santa Claus...
if you want just sclap sir.. because high risk for medium/long term open position now..
- #356,688
- Dec 24, 2013 5:39am Dec 24, 2013 5:39am
- Joined Nov 2012 | Status: Trader | 1,449 Posts
GU is in the consodilation zone. waiting for breakout.
- #356,689
- Dec 24, 2013 6:38am Dec 24, 2013 6:38am
GU GMT+3
I have just added the 3rd longs, close all if candle could close under ~6317 (~ my BE) 1st target ~6412, 2nd ~6450, 3rd ~6511. I hope later i will be able to add an 4th long under ~6412.
My major support ~6290. Until price is above this level, every deeper price are a new possibility to go long. My chosen last trend is the daily bullish trend and it is my friend Until i can't see a new daily LL and LH and the candle can not close under ~6290, i dont prefer to take short!
That is my plan.
Sorry for my english and Merry Christmas to All! 
I have just added the 3rd longs, close all if candle could close under ~6317 (~ my BE) 1st target ~6412, 2nd ~6450, 3rd ~6511. I hope later i will be able to add an 4th long under ~6412.
My major support ~6290. Until price is above this level, every deeper price are a new possibility to go long. My chosen last trend is the daily bullish trend and it is my friend
Until i can't see a new daily LL and LH and the candle can not close under ~6290, i dont prefer to take short!That is my plan.
Sorry for my english
and Merry Christmas to All! 
Anything is math!
- #356,694
- Dec 24, 2013 4:41pm Dec 24, 2013 4:41pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Merry Xmas from Australia and may the New Year bring good tidings to the bulls
I won't be shorting into this for any great length of time that's for sure
I won't be shorting into this for any great length of time that's for sure
Come with me if you want to live....
- #356,695
- Dec 24, 2013 5:09pm Dec 24, 2013 5:09pm
My view, for what it's worth.
This is a 4 hour chart.
What you see in the box is called consolidation. It's going to eventually break up or down. The wicks on these candles mean indecision. Generally, if I see all of them in one direction, I think we have a clear direction we're going to move. But when they are lengthy on both ends, it means we have complete indecision. Although, it could also have to do with the time of year. I looked at this time last year though and didn't see the same things.
My point.
Whichever way this breaks will be a strong direction. Having to move back through this area (support or resistance) is going to be tough.
Originally, I thought we would break down and test around the 6250 area before heading up again. But now I'm thinking if we head down to the 6250 area, we're probably going lower.
This is a 4 hour chart.
What you see in the box is called consolidation. It's going to eventually break up or down. The wicks on these candles mean indecision. Generally, if I see all of them in one direction, I think we have a clear direction we're going to move. But when they are lengthy on both ends, it means we have complete indecision. Although, it could also have to do with the time of year. I looked at this time last year though and didn't see the same things.
My point.
Whichever way this breaks will be a strong direction. Having to move back through this area (support or resistance) is going to be tough.
Originally, I thought we would break down and test around the 6250 area before heading up again. But now I'm thinking if we head down to the 6250 area, we're probably going lower.
- #356,696
- Dec 25, 2013 7:59pm Dec 25, 2013 7:59pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
- #356,698
- Dec 26, 2013 4:39am Dec 26, 2013 4:39am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #356,699
- Dec 26, 2013 4:55am Dec 26, 2013 4:55am
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
