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Cable Update (GBPUSD)

  • #131,821
  • May 11, 2009 10:30pm May 11, 2009 10:30pm
Quoting FXexpress
Hey guys, I am thinking the yellow UTL, drawn off the 1 hr is the key here and a break of that could drop us to 1.5000 and possibly verify my 300 pip channel, ( Blue ), I have drawn off the 4 hr with the 3 hits at the top.
Nice drawing of yellow line. It coincides with the low of yesterday. If double bottom (1.5068) breaks on hourly candle, we'll be heading lower.
  • #131,822
  • May 11, 2009 10:44pm May 11, 2009 10:44pm
Hey folks!
GU Bearish momentum is continuing to decrease. Higher lows on H1.
Hear the music before the song is over ...
  • #131,823
  • May 11, 2009 10:52pm May 11, 2009 10:52pm
Here are some short targets if a break out of the channel occurs and holds.

38.2 and 50.0% levels coincide with support. 50%/larger trendline looking tasty to long off of.
Attached Image (click to enlarge)
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  • #131,824
  • May 11, 2009 10:53pm May 11, 2009 10:53pm
Thanks to those who got my indicator and hope you will share your profit ^^,
to me and to others, ^^
  • #131,825
  • May 11, 2009 10:56pm May 11, 2009 10:56pm
i havent put any position for today.
the pattern still hanging and im unsure...
its likely to drop down. but after big drop yesterday, i think the down wont be too big
- Always pray on your trading - God know the best for everyone
  • #131,826
  • May 11, 2009 10:57pm May 11, 2009 10:57pm
Quoting yanzsukechi
Thanks to those who got my indicator and hope you will share your profit ^^,
to me and to others, ^^
I cant pm on you on here? i want to take a look at your indicator.
  • #131,827
  • May 11, 2009 10:59pm May 11, 2009 10:59pm
Quoting jack.canadia
I cant pm on you on here? i want to take a look at your indicator.
we are friends in YM, Pm me there, il go eat lunch first, and be right back, [email protected]
  • #131,828
  • May 11, 2009 11:00pm May 11, 2009 11:00pm
Quoting kingindian
i havent put any position for today.
the pattern still hanging and im unsure...
its likely to drop down. but after big drop yesterday, i think the down wont be too big
I still favor the short side and am currently holding short from 5170. Target 4950.
  • #131,829
  • May 11, 2009 11:05pm May 11, 2009 11:05pm
Quoting jack.canadia
I still favor the short side and am currently holding short from 5170. Target 4950.
5170? wow...thats nice ,you have already own your profit now
im try to apply the BE technique and have doubled my profit yesterday
- Always pray on your trading - God know the best for everyone
  • #131,830
  • May 11, 2009 11:22pm May 11, 2009 11:22pm
Quoting kingindian
i havent put any position for today.
the pattern still hanging and im unsure...
its likely to drop down. but after big drop yesterday, i think the down wont be too big
Hi kingindian,I agree the market is undecided as of right now. Some more price development needed to clarify things a little more. Flat for now.
Hear the music before the song is over ...
  • #131,831
  • May 11, 2009 11:28pm May 11, 2009 11:28pm
start to drown right now...
trying to goes below 151...
- Always pray on your trading - God know the best for everyone
  • #131,832
  • May 11, 2009 11:32pm May 11, 2009 11:32pm
Quoting kingindian
start to drown right now...
trying to goes below 151...

manufacturing production and trade balance for UK in 4 hours... perhaps movement around then...

claimant count change tomorrow...
  • #131,833
  • May 12, 2009 12:38am May 12, 2009 12:38am
its getting up now...
- Always pray on your trading - God know the best for everyone
  • #131,834
  • May 12, 2009 12:57am May 12, 2009 12:57am
just wanted to share one risky accounts, http://atayawa.mt4stats.com/
  • #131,835
  • May 12, 2009 1:12am May 12, 2009 1:12am
GU is directionless pre-London open. Ranging between 1.5094-1.5154
Hear the music before the song is over ...
  • #131,836
  • May 12, 2009 1:27am May 12, 2009 1:27am
already got some TP
but 1 still hanging to TP at 15100
- Always pray on your trading - God know the best for everyone
  • #131,837
  • May 12, 2009 2:18am May 12, 2009 2:18am
wave analysis
Attached Image (click to enlarge)
Click to Enlarge Name: gh.gif Size: 50 KB
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  • #131,838
  • May 12, 2009 2:30am May 12, 2009 2:30am
1.5179 overhead resistance.
Hear the music before the song is over ...
  • #131,839
  • May 12, 2009 2:30am May 12, 2009 2:30am
short from 5171 targetting 5140
lets wait and see
- Always pray on your trading - God know the best for everyone
  • #131,840
  • May 12, 2009 2:46am May 12, 2009 2:46am
Quoting kingindian
short from 5171 targetting 5140
lets wait and see
Where ur SL
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