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Cable Update (GBPUSD)

  • #185,621
  • Dec 2, 2009 9:01pm Dec 2, 2009 9:01pm
Hi, I'm new to this thread.

Here is my 1H chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 1.png Size: 31 KB

I see there is MACD and CCI divergence signal. Maybe GBPUSD would still keep going up to challenge 1.674, but if the divergence keep being there (no new high for MACD and CCI), I would say it is more likely we're seeing a top there. The down target would be 1.64-1.65 I guess.
If it breaks 1.674 and the divergence signal, I think that mean GBPUSD has strength to go much higher.
  • #185,622
  • Dec 2, 2009 9:29pm Dec 2, 2009 9:29pm
Quoting Baby-Trader
Still hold these shorts 45+ till now.
SL changed to BE
SL has been hit.
  • #185,623
  • Dec 2, 2009 9:34pm Dec 2, 2009 9:34pm
Quoting hkwong7
Hi, I'm new to this thread.

Here is my 1H chart
plz check private message...
ABCD..
  • #185,624
  • Dec 2, 2009 9:38pm Dec 2, 2009 9:38pm
Quoting forexlion
GU should face tough daily resistance @ 6691

lets see how it goes
Why would you buy it there??
lowest draw down possible please.
  • #185,625
  • Dec 2, 2009 10:10pm Dec 2, 2009 10:10pm
Quoting ehrek
Why would you buy it there??
already closed +5 scalp

see my sig
  • #185,626
  • Dec 2, 2009 10:53pm Dec 2, 2009 10:53pm
why so quiet tonight ?
  • #185,627
  • Dec 2, 2009 10:55pm Dec 2, 2009 10:55pm
Quoting trabagwe
why so quiet tonight ?
shhhhh the uk queen is expecting
  • #185,628
  • Dec 2, 2009 10:57pm Dec 2, 2009 10:57pm
ok
  • #185,629
  • Dec 2, 2009 10:59pm Dec 2, 2009 10:59pm
but she is not due till 4 am - right
  • #185,630
  • Dec 2, 2009 10:59pm Dec 2, 2009 10:59pm
Quoting trabagwe
why so quiet tonight ?
Wait until London open..I suspect there will be a big movement..
Patience + Discipline =
  • #185,631
  • Dec 2, 2009 11:02pm Dec 2, 2009 11:02pm
http://www.bloomberg.com/apps/news?p...dmw77fBM&pos=7

any thoughts ?
  • #185,632
  • Dec 2, 2009 11:15pm Dec 2, 2009 11:15pm
Is it a break out?
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled4.png Size: 35 KB
  • #185,633
  • Dec 2, 2009 11:37pm Dec 2, 2009 11:37pm
Quoting Baby-Trader
Is it a break out?
break out heading North or South ?
Patience + Discipline =
  • #185,634
  • Dec 3, 2009 12:11am Dec 3, 2009 12:11am
Quoting Jemmy
break out heading North or South ?
my idea south
break 16645..
we might go down further..

regards
forexisbiz
  • #185,635
  • Dec 3, 2009 12:43am Dec 3, 2009 12:43am
Break of 6698 may take it to new highs....
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 20 KB
ABCD..
  • #185,636
  • Dec 3, 2009 12:52am Dec 3, 2009 12:52am
Just went long on GBP / USD

Reason..

well just have a look below.
Attached Image (click to enlarge)
Click to Enlarge Name: aa.PNG Size: 36 KB
  • #185,637
  • Dec 3, 2009 1:04am Dec 3, 2009 1:04am
Quoting jesterx
Just went long on GBP / USD

Reason..

well just have a look below.

so now would be a good time to buy, correct?
  • #185,638
  • Dec 3, 2009 1:12am Dec 3, 2009 1:12am
Quoting Magix
pulled S/L, gunna do this one manually!
i hope you still hold long. Pass 1.6693 now !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #185,639
  • Dec 3, 2009 1:13am Dec 3, 2009 1:13am
sell at 1.67 based on 4H
Trade what you see. Write what you feel
  • #185,640
  • Edited 1:15am Dec 3, 2009 1:13am | Edited 1:15am
Quoting jesterx
Just went long on GBP / USD

Reason..

well just have a look below.
Nice....but could also be a double top on the hourly...seems to be alot of resistance in that area....just my opinion though and waiting for confirmation
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