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Cable Update (GBPUSD)

  • #314,821
  • May 27, 2012 2:04am May 27, 2012 2:04am
Your recognizing s+r ,very well Nav but your not reading price itself ,

Quoting nAVIN2007
nothing really tone just i can see your quite aggressive on this falling..3 charts i have, i admit it bearish but it might bounce here bud

gbp lfx has a bullish stance potentially

i think it will retrace but u have probability on yur side on the fall..
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  • #314,822
  • May 27, 2012 2:05am May 27, 2012 2:05am
Please eyeball


Quoting Bones
monthly we could use to predict price this month no ?
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  • #314,823
  • May 27, 2012 2:08am May 27, 2012 2:08am
then add gbp lfx w1
Attached Image (click to enlarge)
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  • #314,824
  • May 27, 2012 2:09am May 27, 2012 2:09am
then add usd lfx w1
Attached Image (click to enlarge)
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  • #314,825
  • May 27, 2012 2:10am May 27, 2012 2:10am
then add gbp usd D1
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd 26-5-12 d1 test use.png Size: 32 KB
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  • #314,826
  • May 27, 2012 2:13am May 27, 2012 2:13am
gold
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  • #314,827
  • May 27, 2012 2:13am May 27, 2012 2:13am
eur
Attached Image (click to enlarge)
Click to Enlarge Name: eur lfx w1 26-5 break low.gif Size: 15 KB
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  • #314,828
  • May 27, 2012 2:16am May 27, 2012 2:16am
each trade = £8 per pip

Quoting Bones
What is it
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  • #314,829
  • May 27, 2012 2:22am May 27, 2012 2:22am
gbp usd first trade
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  • #314,830
  • May 27, 2012 2:31am May 27, 2012 2:31am
Quoting _BBKing_

hourly chart line @close and candles.

1.5600 near.
1.5580 just below.

not a reversal pattern.
but this is well enough to let me forget to open shorts here.

definetly i will look to short higher or long lower.
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90% of traders use TA, indicators and prediction
  • #314,831
  • May 27, 2012 2:33am May 27, 2012 2:33am
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  • #314,832
  • May 27, 2012 2:39am May 27, 2012 2:39am
then I could add gbp jpy d1

eyes down traders eyes down
Attached Image (click to enlarge)
Click to Enlarge Name: gbp jpy 26-5 d1 falling 2.png Size: 28 KB
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  • #314,833
  • May 27, 2012 2:44am May 27, 2012 2:44am
Bones thanks for your valuable contribution to the GBPUSD and EURUSD threads! As a junior member I learn from it.
  • #314,834
  • May 27, 2012 3:31am May 27, 2012 3:31am
eur jpy w1 also bearish

confluence is very powerfull
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  • #314,835
  • May 27, 2012 3:52am May 27, 2012 3:52am
http://www.trade-forex-harmonic-patt...hark-bu-be.gif
http://www.trade-forex-harmonic-patt...%20pattern.gif
http://stockcharts.com/school/data/m...-7-rdctrig.png-
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not euphoria follower
  • #314,836
  • May 27, 2012 4:04am May 27, 2012 4:04am
confluence I use


Quoting Bones
Yes =freefall !!
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  • #314,837
  • May 27, 2012 4:06am May 27, 2012 4:06am
lower rising wedge tl ,bye bye
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  • #314,838
  • May 27, 2012 4:07am May 27, 2012 4:07am
look at angle of move make your own mind up
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  • #314,839
  • May 27, 2012 5:29am May 27, 2012 5:29am
Retail positoning is now slightly bullish on cable, that combined with bearish chart formations means I will continue looking for sells- since I will only trade in the opposite direction of the punters when it comes to cable since most cable traders are terrible. Not a dig at folks here just a fact cable is exceptionaly hard for amateurs to trade since it is heavily influenced by bank flows, and you can interpret that how you will (* cough* manipulation). Anyway try to avoid following the retailers with cable since lemmings can't fly.
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  • #314,840
  • May 27, 2012 5:47am May 27, 2012 5:47am
lol good post
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