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Cable Update (GBPUSD)

  • #229,241
  • May 31, 2010 11:16am May 31, 2010 11:16am
i'm in. see your chart, there is hidden bearish divergent on 1 hour chart.

(i add this, if 1 hour make new high close will consider to close trade)
I will be the number one Manager.
  • #229,242
  • May 31, 2010 11:46am May 31, 2010 11:46am
Quoting javapips
i'm in. see your chart, there is hidden bearish divergent on 1 hour chart.

(i add this, if 1 hour make new high close will consider to close trade)
I don't use indicators so I wouldn't have ever spotted that. Thanks for posting a reason. Reasons and analysis make this forum a place to gather ideas and that's what makes it great. Otherwise it's just blind calling, which is most of what happens here anyways.
Every time you use 'hopium' in a post, God kills a kitten.
  • #229,243
  • May 31, 2010 12:24pm May 31, 2010 12:24pm
Quoting profxtrader
LOL = Long or Long. The only two choices hardcore bulls have.

OK this is fun, but PA is getting silly. I'm going to go take a nap and wake up for the non-existent US session.
LOL = Laughing Out Loud

http://en.wikipedia.org/wiki/LOL
  • #229,244
  • May 31, 2010 12:41pm May 31, 2010 12:41pm
Quoting bbakker
LOL = Laughing Out Loud

http://en.wikipedia.org/wiki/LOL
Ummm... I know. I was just having a bit of fun. I suppose my sarcasm wasn't conveyed, but thanks for wikipediaing that.. ROTFL. Now what can I make of that....
Every time you use 'hopium' in a post, God kills a kitten.
  • #229,245
  • May 31, 2010 12:47pm May 31, 2010 12:47pm
Quoting bbakker
LOL = Laughing Out Loud

http://en.wikipedia.org/wiki/LOL


Many thanx too.

This Forum is just unbeatable!
  • #229,246
  • May 31, 2010 12:57pm May 31, 2010 12:57pm
Quoting profxtrader
Ummm... I know. I was just having a bit of fun. I suppose my sarcasm wasn't conveyed, but thanks for wikipediaing that.. ROTFL. Now what can I make of that....
Retrace of the f@cking long? Chance to buy on the dip?
  • #229,247
  • May 31, 2010 1:07pm May 31, 2010 1:07pm
i am short from 1.4542 TP@DP @4500 and then buy over there for a new high tomorrow 4600+
  • #229,248
  • May 31, 2010 1:23pm May 31, 2010 1:23pm
Quoting cloggie
Retrace of the f@cking long? Chance to buy on the dip?
Excellent. One day we'll have a wikipedia page all to ourselves!
Every time you use 'hopium' in a post, God kills a kitten.
  • #229,249
  • May 31, 2010 1:53pm May 31, 2010 1:53pm
Quoting profxtrader
Ummm... I know. I was just having a bit of fun. I suppose my sarcasm wasn't conveyed, but thanks for wikipediaing that.. ROTFL. Now what can I make of that....
Reading Of Trend Fooking Line?
  • #229,250
  • May 31, 2010 2:23pm May 31, 2010 2:23pm
not much move so better sleep...
see you all tomorrow here.....
looking forward to the FIFA champ. in SA. , i wounder if cable get effected lol.. "engeland, engeland...."
1.4560 is the good point too make a sell.
A little beginner trader since 2006
  • #229,251
  • May 31, 2010 3:03pm May 31, 2010 3:03pm
Don't sell until after tomorrow, no good sell until r1 is reached. I av a target for 1.4627-1.4710 for target. Abullish close today would take us higher to around 1.48 region by tomorrow. Arrow is tomorrows target if trend continues, while todays t.p is the BLUE LINE region.

chao, GOODLUCK........


Quoting javapips
i'm in. see your chart, there is hidden bearish divergent on 1 hour chart.

(i add this, if 1 hour make new high close will consider to close trade)
Attached Image (click to enlarge)
Click to Enlarge Name: gu monday.gif Size: 33 KB
  • #229,252
  • May 31, 2010 3:14pm May 31, 2010 3:14pm
This was my call early today b4 u.k session, i hope we used it to our advantage. We still av alot more to go from all indication........

Quoting fendi
Hi bro, still studying me charts for now. Although i have my weekly trade set for some critical points to determine mine entry and trend for the week.

Either direction we gat to be careful as Mondays close would determine the weeks movement and direction. But not this, a BREAK of 1.4484 portend possible long entry otherwise i look out for short positions. While some pairs give insight to eachother, a confirmation of us/cad to the long side suggest g/u down side, as i normally trade both simultaneously, though sometimes one...
  • #229,253
  • May 31, 2010 3:22pm May 31, 2010 3:22pm
It is more likely to go up to around 1.46, and after that, it might have potentially to go down to around 1.45 !
A little beginner trader since 2006
  • #229,254
  • May 31, 2010 3:58pm May 31, 2010 3:58pm
Quoting fendi
This was my call early today b4 u.k session, i hope we used it to our advantage. We still av alot more to go from all indication........
A lot more down.
Every time you use 'hopium' in a post, God kills a kitten.
  • #229,255
  • May 31, 2010 4:08pm May 31, 2010 4:08pm
Quoting profxtrader
A lot more down.
why would we go down tomorrow when we have a high close and we open above the pivot ? any charts would be appreciated.
  • #229,256
  • May 31, 2010 4:10pm May 31, 2010 4:10pm
You may be right, we use different trading technique to determine our trades, i would stick to mine for now, i have stops in place, came on the ride, just i have other entries a added along the way.So watching to see if any changes, so far everything looks good.

Down u mean to where precisely.......????


Quoting profxtrader
A lot more down.
  • #229,257
  • May 31, 2010 4:14pm May 31, 2010 4:14pm
sticking to long all the way.... until i see my resistance area's treatened b4 i can look somewhere else... 4 now no treat
  • #229,258
  • May 31, 2010 4:17pm May 31, 2010 4:17pm
Quoting fendi
You may be right, we use different trading technique to determine our trades, i would stick to mine for now, i have stops in place, came on the ride, just i have other entries a added along the way.So watching to see if any changes, so far everything looks good.

Down u mean to where precisely.......????
If/when the bear flag is broken... to 1.3650-75
Every time you use 'hopium' in a post, God kills a kitten.
  • #229,259
  • May 31, 2010 4:31pm May 31, 2010 4:31pm
Seems the H1 chart has confirmed and we are currently holding support. Next possible topside target if support holds is the H4 200EMA, approx price at current, 1.4778.
Attached Image (click to enlarge)
Click to Enlarge Name: h4cable.jpg Size: 104 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #229,260
  • May 31, 2010 4:34pm May 31, 2010 4:34pm
Quoting Honored
why would we go down tomorrow when we have a high close and we open above the pivot ? any charts would be appreciated.
Sure, here you go:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD1.jpg Size: 98 KB


And just food for thought:

There is always a higher close... until there isn't. Just like we're always above the pivot... until we're not.
Every time you use 'hopium' in a post, God kills a kitten.
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