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Cable Update (GBPUSD)

  • #234,361
  • Jun 28, 2010 9:58pm Jun 28, 2010 9:58pm
A dotted line deserving a name... or what?

Dr. D.
Attached Image
  • #234,362
  • Jun 28, 2010 10:23pm Jun 28, 2010 10:23pm
is it just me, or does anyone else see a possible head & shoulders on the 1hr chart?
  • #234,363
  • Jun 29, 2010 12:27am Jun 29, 2010 12:27am
room so quite today...
still holding my short..
all SL ni BE..
hope luck is ni my side..
Revesal Trader
  • #234,364
  • Jun 29, 2010 12:46am Jun 29, 2010 12:46am
Update
http://www.forexfactory.com/showthre...99#post3836499
  • #234,365
  • Jun 29, 2010 1:01am Jun 29, 2010 1:01am
Gripped onto the daily pivot...doesn't seem to wanna drop support here just yet.

There is a new high that London hasn't seen yet....

GJ/EJ trades worked out nicely and a few sheckles made off cable...Meh...
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #234,366
  • Jun 29, 2010 1:13am Jun 29, 2010 1:13am
There's quite a bit of downward pressure on cable during Asian session.
Floating around prior resistance of 5070 atm, wait and see if this level breaks...
The markets can remain irrational longer than you can stay solvent. -Keynes
  • #234,367
  • Jun 29, 2010 1:22am Jun 29, 2010 1:22am
Quoting Magix
Gripped onto the daily pivot...doesn't seem to wanna drop support here just yet.

There is a new high that London hasn't seen yet....

GJ/EJ trades worked out nicely and a few sheckles made off cable...Meh...
Finally...

Cripes...
Attached Image (click to enlarge)
Click to Enlarge Name: finally....jpg Size: 94 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #234,368
  • Jun 29, 2010 1:22am Jun 29, 2010 1:22am
Quoting gotpips92
is it just me, or does anyone else see a possible head & shoulders on the 1hr chart?
Yes and on a bigger picture, we have a bear flag on the daily which amazingly now the top of the flag is the bottom of the tunnel.. I beleive we could see a little more upside, but imho, not much... If this breaks topside, that would be a different story.

Yellow area would be target area if bottom of flag breaks.
Attached Image (click to enlarge)
Click to Enlarge Name: daily.gif Size: 13 KB
  • #234,369
  • Jun 29, 2010 1:26am Jun 29, 2010 1:26am
5058 goes we see 5015 next
  • #234,370
  • Jun 29, 2010 2:27am Jun 29, 2010 2:27am
We are getting compression of EMA's on daily as well...it that works, we are for a good 12-1500 pip fall.

Quoting Ctic
Yes and on a bigger picture, we have a bear flag on the daily which amazingly now the top of the flag is the bottom of the tunnel.. I beleive we could see a little more upside, but imho, not much... If this breaks topside, that would be a different story.

Yellow area would be target area if bottom of flag breaks.
  • #234,371
  • Jun 29, 2010 2:38am Jun 29, 2010 2:38am
Quoting cloggie
NY is closed, I will pass here, but if that TL gets respected your long will be valid til 51476
Many thanks Cloggie for being there! Many of us quietly follow the thread,especially your insightful posts,and learn.
  • #234,372
  • Jun 29, 2010 2:40am Jun 29, 2010 2:40am
Quoting Fusion
We are getting compression of EMA's on daily as well...it that works, we are for a good 12-1500 pip fall.
I'm looking for a clear break below 15050... would i be on the right track?
All systems of divination, like music itself,work through patterns.
  • #234,373
  • Jun 29, 2010 2:43am Jun 29, 2010 2:43am
look today luck is my side...
hope can break yesterday low...
Revesal Trader
  • #234,374
  • Jun 29, 2010 2:50am Jun 29, 2010 2:50am
http://askafo.com/apic/2862010gu-asdasd8754cc.PNG
A little beginner trader since 2006
  • #234,375
  • Jun 29, 2010 2:50am Jun 29, 2010 2:50am
Woohooo
  • #234,376
  • Jun 29, 2010 3:05am Jun 29, 2010 3:05am
I Recon gbpusd will climbed to 1.5300 as a correction wave(A) and may retrace(wave B) to 1.4900 before stating its long term bullish trend towards 1.6300(wave (C)).
  • #234,377
  • Jun 29, 2010 3:22am Jun 29, 2010 3:22am
GBP/USD daily – Extension to 1.5220/41 still possible

 

  1. Given the break above 1.5030/56 (int. 61.8 %/pivot) the key-T-junction at 1.5220/41 (int. 76.4 %/ 38.2 %) is now in focus.
  2. A test of the latter would offer a good risk-reward to bet on a resumption of the broader bear-trend which would only be questioned above 1.5381 (weekly trend) and above 1.5526 (last top).
  3. A break below 1.4890/56 (int. 38.2 %/pivot) would now deliver the first sign of weakness.

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  • #234,378
  • Jun 29, 2010 3:25am Jun 29, 2010 3:25am
Quoting Fusion
We are getting compression of Girls on daily as well...it that works, we are for a good 12-1500 pip fall.
could I have a template please ?
  • #234,379
  • Jun 29, 2010 3:33am Jun 29, 2010 3:33am
Quoting Forextrader4
Woohooo
Could you please explain your trading methodology?

Send me your Skype nickname if you have it as I'd have some questions regarding your trades.
  • #234,380
  • Jun 29, 2010 3:43am Jun 29, 2010 3:43am
Gbp/usd failed to break yesterday's low, lets see what happens, I'm still short and 44 pips in profit so far...
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 21 KB
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