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Cable Update (GBPUSD)

  • #68,861
  • Jun 3, 2008 3:44am Jun 3, 2008 3:44am
Quoting Moe
come on guys everybody in here can't be short, why such a down mood in here,

I still have some short trades. But they are hedges to my previous Long Trades. Have an extra Long from 1.9660

Working on Divergence on 1min, 5min and 15min charts. I would not want to miss this ride up for some profit.
  • #68,862
  • Jun 3, 2008 3:45am Jun 3, 2008 3:45am
Quoting yano125
I still have some short trades. But they are hedges to my previous Long Trades. Have an extra Long from 1.9660

Working on Divergence on 1min, 5min and 15min charts. I would not want to miss this ride up for some profit.
If I Go Broke Trying Then I Will die happy.
  • #68,863
  • Jun 3, 2008 3:47am Jun 3, 2008 3:47am
eur and swissy has taken off
If I Go Broke Trying Then I Will die happy.
  • #68,864
  • Jun 3, 2008 3:53am Jun 3, 2008 3:53am
pound still haven't move over 100 pips today, making me a little
If I Go Broke Trying Then I Will die happy.
  • #68,865
  • Jun 3, 2008 3:56am Jun 3, 2008 3:56am
, im out good luck either way long or short
If I Go Broke Trying Then I Will die happy.
  • #68,866
  • Jun 3, 2008 4:03am Jun 3, 2008 4:03am
so u think its a good spot to buy gbp @ 1.9675?? i see it going up but it has to go abit down, but at the end of the week its going up for sure
  • #68,867
  • Jun 3, 2008 4:05am Jun 3, 2008 4:05am
Quoting zxr
so u think its a good spot to buy gbp @ 1.9675?? i see it going up but it has to go abit down, but at the end of the week its going up for sure
no man not really
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,868
  • Edited 4:24am Jun 3, 2008 4:18am | Edited 4:24am
Tried a short 1.9683, some resistance above, will add to shorts up to 1.9714 if given the opportunity, target 1.9590 and 1.9555...


( This is not a recommendation to trade... )
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD060320081.gif Size: 41 KB
Getting it right is NOT as important as not getting it wrong.
  • #68,869
  • Jun 3, 2008 4:21am Jun 3, 2008 4:21am
Quoting zxr
so u think its a good spot to buy gbp @ 1.9675?? i see it going up but it has to go abit down, but at the end of the week its going up for sure
Looking at 9695, 9704 or 9717 as upside targets which are 1.272, 1.414 and 1.618 fib extensions. Good trades!
It's Easy To Get In;.. It's Hard To Get Out
  • #68,870
  • Jun 3, 2008 4:27am Jun 3, 2008 4:27am
Quoting salah k.
no man not really
i agree, seems weekly candle stick should stay downward
Verily, in every difficulties there is relief
  • #68,871
  • Jun 3, 2008 4:36am Jun 3, 2008 4:36am
Cable coming down to pick up some more Bulls on a w4 retrace
  • #68,872
  • Jun 3, 2008 4:40am Jun 3, 2008 4:40am
Quoting yano125
Cable coming down to pick up some more Bulls on a w4 retrace
Reaction at 1.9647 (or lack of), will tell us ...
Getting it right is NOT as important as not getting it wrong.
  • #68,873
  • Jun 3, 2008 4:50am Jun 3, 2008 4:50am
Quoting fxswing
Reaction at 1.9647 (or lack of), will tell us ...

That is also the 5min 50sma and within the range of a reversal for a Bullish Harmonic Pattern on the 1min chart.

However I am lacking Divergence on the 1min chart to add confirmation to a reversal in this TF.

Even the 5min chart has a Bullish Harmonic Pattern
  • #68,874
  • Jun 3, 2008 4:57am Jun 3, 2008 4:57am
Quoting yano125
the range of a reversal for a Bullish Harmonic Pattern on the 1min chart.

Wow, now that looks like rocket science.
Getting it right is NOT as important as not getting it wrong.
  • #68,875
  • Jun 3, 2008 5:16am Jun 3, 2008 5:16am
I see bullish divergence on H1.Food for thought
Attached Image (click to enlarge)
Click to Enlarge Name: bull.gif Size: 40 KB
  • #68,876
  • Jun 3, 2008 5:19am Jun 3, 2008 5:19am
Hello all, I'm a new member here..
Actually, you can say I'm just a kid, need to learn much more >.<
Hope can learn a lot from all Seniors here ^^

For now i just playing with GBU/USD, focusing for better success ^^
  • #68,877
  • Jun 3, 2008 5:19am Jun 3, 2008 5:19am
Quoting B@by trader
I see bullish divergence on H1.Food for thought
Don't know where you see a bullish divergence in H1, but for me there is none...


Can you be more specific ?

Perhaps I should get some :nerd:
Getting it right is NOT as important as not getting it wrong.
  • #68,878
  • Jun 3, 2008 5:28am Jun 3, 2008 5:28am
Quoting B@by trader
I see bullish divergence on H1.Food for thought

I also do not or cannot see Divergence on the 1 hour chart. Unless you based that on the alert....

1hour chart though shows a Potential Bearish Harmonic Pattern which has a potential end at 1.9765 before a possible reversal or a retrace.
  • #68,879
  • Jun 3, 2008 5:34am Jun 3, 2008 5:34am
This is typically a common psychological trading trap.

Trying too hard to find what is not on the chart.
We all do it unconsciously but we have to train ourselves to recognize it and to not fall for it...
Getting it right is NOT as important as not getting it wrong.
  • #68,880
  • Jun 3, 2008 5:44am Jun 3, 2008 5:44am
Stuck between Nav's 62EMA and my 24SMA ( 1hour chart ) currently.

No trade here for me!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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