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Cable Update (GBPUSD)

  • #162,101
  • Sep 1, 2009 2:25am Sep 1, 2009 2:25am
Quoting PavelRus
Indicators... what else?)
MA indicator always works well for me.
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  • #162,102
  • Sep 1, 2009 2:27am Sep 1, 2009 2:27am
Quoting PavelRus
I don't like ichimoku... it's bullshit)
hi PavelRus... do you use any system/indicators to trade...any recommend..thankx
  • #162,103
  • Sep 1, 2009 2:31am Sep 1, 2009 2:31am
GbpUsd Trend
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  • #162,104
  • Sep 1, 2009 2:35am Sep 1, 2009 2:35am
Quoting soartosky
sorry for the late reply
I was waiting to it to either breakdown when touched that 09 or breakthrough my triangle

it did break through so yeah..50pips for me so far...but am looking for a short at this stage

exited my long

now waiting for a short around 77
but nothing confirmed yet as all charts look bullish...see how this hrly candle close
Pending SELL @ 6440---- SL 6480----- TP 6290
In all your ways acknowledge Him and He will direct your path.
  • #162,105
  • Sep 1, 2009 2:41am Sep 1, 2009 2:41am
Quoting Angelina
MA indicator always works well for me.
MA200?) I love fibo)) Very.... daily low and daily high) That's all... about indicators?)
  • #162,106
  • Sep 1, 2009 2:43am Sep 1, 2009 2:43am
Quoting H_v000
hi PavelRus... do you use any system/indicators to trade...any recommend..thankx
I have trade system) And i stay buy) but soon... need to be careful...
  • #162,107
  • Sep 1, 2009 2:50am Sep 1, 2009 2:50am
The area circled on 1hr chart below shows the previous swing hi=previous resistance=potential resistance zone (previous obvious near-term imbalance of supply/demand)has caused some resistance in the pairing atm...the zone being co-existant with a previous 4hr swing hi too. Price has reached the 76.4% fib of the 6443-6151 swing down as I write this. Above here re unbreeched fibs and 50% of 6622-6151 is @ 6386, with 50% of longer 6665-6151 swing down is @ 6408.

Price remains in a n uptrend to the 1hr chart with intraday sentiment bullish so far. Av Daily range is currently 160 with range so far today 121.

Uk data due at 0830am gmt

G/L

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ex member
  • #162,108
  • Sep 1, 2009 3:03am Sep 1, 2009 3:03am
Let me be the first to admit that I underestimate the power of this up move. I still see short and will look to add on my short position at 1.6385.... SL 1.6480.
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #162,109
  • Sep 1, 2009 3:09am Sep 1, 2009 3:09am
Quoting Angelina
^^ I am using many indicators one of them is ichimoku. Anyway I dont think the upside stop now because of EG dont face with any resistance yet.

goodluck.
Agelina, this guy is a JOKER, i *click* him a long time ago. Don't let him interfere with your trading technique. If it works for you who is he to say its bullshit. He offers no value to this forum, just ignore him.

For those that take advise from PavelRus, be careful, be very careful.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #162,110
  • Sep 1, 2009 3:12am Sep 1, 2009 3:12am
Quoting Bull_Bear
Let me be the first to admit that I underestimate the power of this up move. I still see short and will look to add on my short position at 1.6385.... SL 1.6480.

if u look at the daily there is so much noise..long wicks all over the place..very difficult to filter breach of support and resistance.....look like DT and GM getting the beers for this so far
  • #162,111
  • Sep 1, 2009 3:12am Sep 1, 2009 3:12am
Quoting Bull_Bear
Let me be the first to admit that I underestimate the power of this up move. I still see short and will look to add on my short position at 1.6385.... SL 1.6480.
I agree however was not able to short at 1.6375 as I was away but manage to close all longs at 1.6365. Now waiting for it come back up to confirm before I short.
  • #162,112
  • Sep 1, 2009 3:15am Sep 1, 2009 3:15am
Quoting nAVIN2007
if u look at the daily there is so much noise..long wicks all over the place..very difficult to filter breach of support and resistance.....look like DT and GM getting the beers for this so far
Not yet bro logic still in play for me on the short side.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #162,113
  • Sep 1, 2009 3:16am Sep 1, 2009 3:16am
the wick's an tail's is that due to new's announcement ? or start of new mtn
  • #162,114
  • Sep 1, 2009 3:17am Sep 1, 2009 3:17am
Hold short 1.6360 !
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #162,115
  • Sep 1, 2009 3:17am Sep 1, 2009 3:17am
Quoting Bull_Bear
Not yet bro logic still in play for me on the short side.
same here but i wont lie i aint liking this to much.
still down for me....cause of swings n shit
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  • #162,116
  • Sep 1, 2009 3:20am Sep 1, 2009 3:20am
Just close my shorts from 1.6360 at 1.6330. I'll wait to get short again when it retest 1,6370 area. This 100% fibo level looks like a pretty good short term support. Any opinion??
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  • #162,117
  • Sep 1, 2009 3:22am Sep 1, 2009 3:22am
love that drop

target 6310
Lets Soar The Sky
  • #162,118
  • Sep 1, 2009 3:26am Sep 1, 2009 3:26am
Quoting nAVIN2007
same here but i wont lie i aint liking this to much.
still down for me....cause of swings n shit
Hang tight bro, I'm also holding a losing position now @ 1.6330, that's the nature of the beast.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #162,119
  • Sep 1, 2009 3:26am Sep 1, 2009 3:26am
i am waiting for above 1.64 levels after the GBP data
  • #162,120
  • Sep 1, 2009 3:27am Sep 1, 2009 3:27am
Any sustained move above 6378 will confirm the 4hr HL? and things start to look bullish for the pairing? As BB shows on his chart there is a descending potential resistance trend line coming through around there on the 4hr/Daily.

Uk data in 5mins

G/L

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ex member
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