Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#197,361
Feb 1, 2010 3:58am Feb 1, 2010 3:58am

kuroro001
Joined Jul 2007 | Status: Trader | 17,796 Posts

Quoting Reznik

Disliked

Look like they aint any technical analyst here... Should have to check again is the "Cable Thread". Come whatz the Indicators tell us now... And stop worring about the News "Fundamentals"

Stoch & RSI is all over sold for a long term.
A positive divergence in MACD in the 1hr Chart
Parabolic Star is Sell
Head and Shoulder patteren in the Daily Chart

Make for the "Short Term" is SOUTH...

Ignored

That's not because i'm saying they used the news to short it that i don't use technicals...

Based on PA and vol it should head south cause i'm still short like i said...

COT: The precious data ignored

#197,362
Feb 1, 2010 3:59am Feb 1, 2010 3:59am

kuroro001
Joined Jul 2007 | Status: Trader | 17,796 Posts

Quoting Fly2

Disliked

let the buying games begin

Ignored

lol shhh, let them sell a little more

COT: The precious data ignored

#197,363
Feb 1, 2010 3:59am Feb 1, 2010 3:59am

marbellafx
| Joined Jan 2010 | Status: Trader | 144 Posts

Technical Analysis Daily: GBP/USD

GBP/USD 1.5951
GBP/USD Open 1.5970 High 1.6173 Low 1.5924 Close 1.5981
Pound/Dollar continued decreasing on Friday, form the 1.6173 point, down to 1.5976, closing the week at 1.5981. The Cable continued to weaken today, forming new support level at 1.5900. In the medium term Sterling is trading within the 1.5860 - 1.6437 range, as seen on the 3 hour chart. Convincing break bellow the lower 1.5860 level would confirm the bearish trend and may trigger stronger downward impulse towards 1.5725. Only significant break above last week's top 1.6276 could shake the current strong downward outlook, seen on the 15 minutes chart. Some of the economic data for UK at 9:30 GMT may support the British currency and any upwards movements should not come unexpected. Prices remain bellow the 20 and 50 EMA, signaling for weak Pound. Lowering CCI and MACD are in favour of the Dollar. RSI is in the oversold area, signalling for potential bullish correction. Overall, technical indicators support the bearish scenario.
Technical resistance levels: 1.6173 1.6276 1.6385
Technical support levels: 1.5900 1.5817 1.5725
Trading range: 1.5965 - 1.5890
Trend: Downward
Sell at 1.5951 SL 1.5981 TP 1.5901

#197,364
Feb 1, 2010 4:00am Feb 1, 2010 4:00am

Fly2
| Joined Nov 2008 | Status: Everyone Breaks Even. | 2,296 Posts

Quoting kuroro001

Disliked

lol shhh, let them sell a little more

Ignored

look at 1 hr candle/30 min candle show me lots of buying /just playing the game

#197,365
Feb 1, 2010 4:01am Feb 1, 2010 4:01am

kuroro001
Joined Jul 2007 | Status: Trader | 17,796 Posts

Quoting Fly2

Disliked

look at 1 hr candle

Ignored

Mine is more like a doji....it doesn't mean it will go up though
But i agree that on such PA....wide candle like that closing in the middle or top with increasing vol shows that buyers are coming

My prob is that the 5/15mn don't confirm that
I'll wait for a confirmation before going long

COT: The precious data ignored

#197,366
Feb 1, 2010 4:01am Feb 1, 2010 4:01am

Miloaiz
| Joined Oct 2009 | Status: Trader | 2 Posts

Quoting cloud

Disliked

Your Yellow BB showing FLAT..Careful.. Buy/Sell on BB FLAT..r using KG setting? just asking..

Ignored

yes, KG with green pips, thanks for the info..

#197,367
Feb 1, 2010 4:03am Feb 1, 2010 4:03am

marbellafx
| Joined Jan 2010 | Status: Trader | 144 Posts

Order ID: 1 | Update| $GBPUSD Sell 1.5930 |

#197,368
Feb 1, 2010 4:04am Feb 1, 2010 4:04am

Fly2
| Joined Nov 2008 | Status: Everyone Breaks Even. | 2,296 Posts

Quoting kuroro001

Disliked

Mine is more like a doji....it doesn't mean it will go up though
But i agree that on such PA....wide candle like that closing in the middle or top with increasing vol shows that buyers are coming

My prob is that the 5/15mn don't confirm that
I'll wait for a confirmation before going long

Ignored

been in it and added at the big number/just waiting now/be stops in place

#197,369
Feb 1, 2010 4:07am Feb 1, 2010 4:07am

kuroro001
Joined Jul 2007 | Status: Trader | 17,796 Posts

Quoting Fly2

Disliked

been in it and added at the big number/just waiting now/be stops in place

Ignored

I'll wait wait & wait
Hope for you it goes up
Good luck mate

COT: The precious data ignored

#197,370
Feb 1, 2010 4:11am Feb 1, 2010 4:11am

antic81
| Joined Aug 2009 | Status: Trader | 424 Posts

Morning all,

Well after last weeks pretty pathetic showing on my part, I have gone with a long with a tight stop, reasons being that the hourly is showing over sold and we have moderate support at the S1, I am looking for a 50% retracement from Fridays move with a target of the 16090 area...

Of course its not looking to good right now, could well have been a big mistake!

#197,371
Feb 1, 2010 4:11am Feb 1, 2010 4:11am

PipSqueeze
| Additional Username | Joined Jan 2010 | 195 Posts

I'm looking to get in at 1.5890 when it's broken free of 1.5900 hold and look for a quick 20 pips..

Easier said than done though! lol

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#197,372
Feb 1, 2010 4:15am Feb 1, 2010 4:15am

skiffx
| Joined Dec 2009 | Status: Trader | 342 Posts

Quoting PipSqueeze

Disliked

I'm looking to get in at 1.5890 when it's broken free of 1.5900 hold and look for a quick 20 pips..

Easier said than done though! lol

Ignored

Here is your chance

#197,373
Feb 1, 2010 4:16am Feb 1, 2010 4:16am

javajames
| Joined Dec 2006 | Status: swing day-trader | 425 Posts

Quoting javajames

Disliked

Hi guys,

I've seen GM is bullish and I usually don't like to be on the other side....

Here is my analysis based as usual on Ichimoku....and we have a very unusual set-up....on daily

1) PA is below kumo (cloud)
2) Tenkan (yellow) is above Kijun (magenta)
3) Kijun is below Ema (green)

What is unusual, is the Tenkan position.....before an important upmove it's always below Kijun....

So what....for me it means clearly we are still in a downtrend and currently we have a retracement which may hit low line of kumo @1.6250 .....on its highest....and...

Ignored

Hi guys,

Ichimoku was right once again, as I said last monday we were, and we still are in a downtrend, and bullish traders were wrong.....

As I said the key points were:
1) PA below kumo
2) Tenkan above kijun
and with this setup an upmove is always a retracement......and you may observe on chart below, close of each day respected perfectly kumo lower line......

So what's up for this week:
1) PA below kumo
2) Tenkan below kijun
3) Kijun below ema
4) 50% fib on kijun

We stay in downtrend, but with a big difference......Tenkan (yellow) is below Kijun (magenta) which means with a strong momentum upside we are ready for a big move....
But for to-day I'm already short....

this move is not at its lowest....which could be just below 1.59.....or maybe below 1.58

Let's see and good trading to all

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#197,374
Feb 1, 2010 4:17am Feb 1, 2010 4:17am

big_pipin
| Joined Apr 2008 | Status: Trader | 1,231 Posts

Quoting big_pipin

Disliked

4hr. G/U is hitting fib extension targets from last major swing, not to mention nice price s/r levels are being touched as well. I expect 5900 to hold, or at least 5850. This is just one giant double bottom, and I still think this is still some-what range bound.

Ignored

well down to 5850 we go. Hold on to your hats.

#197,375
Feb 1, 2010 4:17am Feb 1, 2010 4:17am

antic81
| Joined Aug 2009 | Status: Trader | 424 Posts

Quoting antic81

Disliked

Morning all,

Well after last weeks pretty pathetic showing on my part, I have gone with a long with a tight stop, reasons being that the hourly is showing over sold and we have moderate support at the S1, I am looking for a 50% retracement from Fridays move with a target of the 16090 area...

Of course its not looking to good right now, could well have been a big mistake!

Ignored

And there goes that plan...

#197,376
Feb 1, 2010 4:19am Feb 1, 2010 4:19am

PipSqueeze
| Additional Username | Joined Jan 2010 | 195 Posts

Quoting PipSqueeze

Disliked

I'm looking to get in at 1.5890 when it's broken free of 1.5900 hold and look for a quick 20 pips..

Easier said than done though! lol

Ignored

Job done. Woo.

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