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Cable Update (GBPUSD)

  • #134,441
  • May 27, 2009 4:14pm May 27, 2009 4:14pm
how deep you think will price fall now?
  • #134,442
  • May 27, 2009 4:17pm May 27, 2009 4:17pm
what's the matter
  • #134,443
  • May 27, 2009 4:49pm May 27, 2009 4:49pm
Short for now
  • #134,444
  • May 27, 2009 4:51pm May 27, 2009 4:51pm
Quoting myteax
Short for now
why?
  • #134,445
  • May 27, 2009 5:14pm May 27, 2009 5:14pm
Hi,

This is my first post on this thread. Still a newbie and learning a lot from you guys. I spotted divergence on 30 minute chart on GU. Is it okay to enter trade just based on divergence.

Would appreciate your response.

Alifari
Attached Image (click to enlarge)
Click to Enlarge Name: divergence.gif Size: 20 KB
The purpose of knowledge is action, not knowledge
  • #134,446
  • May 27, 2009 5:22pm May 27, 2009 5:22pm
Quoting alifari
Hi,

This is my first post on this thread. Still a newbie and learning a lot from you guys. I spotted divergence on 30 minute chart on GU. Is it okay to enter trade just based on divergence.

Would appreciate your response.

Alifari
According to that chart, yes
  • #134,447
  • May 27, 2009 5:25pm May 27, 2009 5:25pm
and now comeback to 1,61
  • #134,448
  • May 27, 2009 6:04pm May 27, 2009 6:04pm
gbp tanked due to loss of man united to barcelona
  • #134,449
  • May 27, 2009 6:07pm May 27, 2009 6:07pm
Quoting ziko123
gbp tanked due to loss of man united to barcelona

hahaha you're right!!!
There is no bad decisions, its only didn't work out.
  • #134,450
  • May 27, 2009 6:16pm May 27, 2009 6:16pm
Quoting alifari
Hi,

This is my first post on this thread. Still a newbie and learning a lot from you guys. I spotted divergence on 30 minute chart on GU. Is it okay to enter trade just based on divergence.

Would appreciate your response.

Alifari
please i would like to know wat divergence indicator u use and perharps u can share it with us---mi------i'm a newbie 2!!!!
  • #134,451
  • May 27, 2009 6:21pm May 27, 2009 6:21pm
Maybe I an off my rocker but GBPUSD is sitting in a support zone and should see some level of bounce.

I am long from 15962 SL 15945 TP 16000-16015 the 38%-50% retracement area

Risk 17 to make 40-50 -- pretty good risk reward to me
  • #134,452
  • May 27, 2009 6:29pm May 27, 2009 6:29pm
Start buy GU from 1.5960 hopefully get to 200 pips
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  • #134,453
  • May 27, 2009 6:33pm May 27, 2009 6:33pm
Quoting selatanfx
Start buy GU from 1.5960 hopefully get to 200 pips
CBI will be released soon, the forecast is far below previous actual. It's not good for cable... why you still want to buy ?
  • #134,454
  • May 27, 2009 6:38pm May 27, 2009 6:38pm
Quoting John Lo
CBI will be released soon, the forecast is far below previous actual. It's not good for cable... why you still want to buy ?
That only my simple prediction bro. That price yesterday can not hit the lower
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  • #134,455
  • May 27, 2009 7:26pm May 27, 2009 7:26pm
Quoting selatanfx
Start buy GU from 1.5960 hopefully get to 200 pips
I know it's good to take long, but It's asia session.. I hate it. yesterday I'm stack more than six hours Only for 20 pips

Cable still find good support to backup.

Attached Image (click to enlarge)
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  • #134,456
  • May 27, 2009 8:05pm May 27, 2009 8:05pm
Pinbar at daily, confluence with weekly fibo 50 and 38. Short opportunities. But be carefull of counter trend.
Attached Image
  • #134,457
  • May 27, 2009 8:05pm May 27, 2009 8:05pm
Pin Bar on a daily chart and price reaching extension fib this is a sign of exhaustion, I think more of a potential pull back before going any further high. A pull back to the EMA would be a good target.
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  • #134,458
  • May 27, 2009 8:08pm May 27, 2009 8:08pm
I think you are pretty smart masut. lol
  • #134,459
  • May 27, 2009 8:19pm May 27, 2009 8:19pm
Quoting Lejumeau
I think you are pretty smart masut. lol
Both at same time....
  • #134,460
  • May 27, 2009 9:08pm May 27, 2009 9:08pm
+120 pips from 1.6081 closed @ 1.5961... is a good thing,the bad thing is, i do it in my demo account. LOL..
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