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Cable Update (GBPUSD)

  • #245,941
  • Aug 16, 2010 5:54am Aug 16, 2010 5:54am
I wonder how significant the perfect tweezer bottom is on 1hr at today's current intraday low of 5534...seems like it could be a stop run just below the ascending daily trendline/channel if you are bullish from here? There was bulish divergence on 1hr/4hr at the lows....

This is what I am see-ing on 1hr now in respect of potential supp/res factors.

G/L

http://www.easy-upload.net/fichiers/z.201081612545.gif
ex member
  • #245,942
  • Aug 16, 2010 5:55am Aug 16, 2010 5:55am
wormie whats ur target ?
  • #245,943
  • Aug 16, 2010 5:59am Aug 16, 2010 5:59am
Quoting Faryad
wormie whats ur target ?
1.5420
Thank You
  • #245,944
  • Aug 16, 2010 6:03am Aug 16, 2010 6:03am
5min and 15min 20ema simultaneously closed below 20ema, and hourly 20ema failed to close above again.

Short with a very tight SL.
  • #245,945
  • Aug 16, 2010 6:15am Aug 16, 2010 6:15am
Quoting USD-Bear
Question: is there something like a GBP-Index?
GBP index below H1 chart:
Attached Image (click to enlarge)
Click to Enlarge Name: index.gif Size: 31 KB
  • #245,946
  • Aug 16, 2010 6:16am Aug 16, 2010 6:16am
Quoting AndyPass
5min and 15min 20ema simultaneously closed below 20ema, and hourly 20ema failed to close above again.

Short with a very tight SL.

Crossed back over. Closed -10.
  • #245,947
  • Aug 16, 2010 6:16am Aug 16, 2010 6:16am
Hi all, here is my 500 unit hourly chart. Lower highs all the way down and in downtrend channel. Looks like 1.5450 is a target but needs to break 1.5550 first. The tweezer bottoms are also important sup/res price on the daily around 1.5530.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP6.jpg Size: 194 KB
  • #245,948
  • Aug 16, 2010 6:19am Aug 16, 2010 6:19am
Quoting xenu
GBP index below H1 chart:
Nice xenu, is it home-brewed or has it some kind of symbol?
Don't be a hero. Don't have an ego. Always question yourself
  • #245,949
  • Aug 16, 2010 6:23am Aug 16, 2010 6:23am
Quoting USD-Bear
Nice xenu, is it home-brewed or has it some kind of symbol?
It's indicator. See attachments. Also comparison to USD. Yu can clerly see the GBPUSD top when USD started to go up eqrlier than GBP started to drop:
Attached Image (click to enlarge)
Click to Enlarge Name: index2.gif Size: 35 KB
Attached File(s)
File Type: mq4 Index GBP.mq4   3 KB | 380 downloads
File Type: mq4 Index USD.mq4   3 KB | 374 downloads
  • #245,950
  • Aug 16, 2010 6:25am Aug 16, 2010 6:25am
Quoting ozpips
Hi all, here is my 500 unit hourly chart. Lower highs all the way down and in downtrend channel. Looks like 1.5450 is a target but needs to break 1.5550 first. The tweezer bottoms are also important sup/res price on the daily around 1.5530.
Is there possibly any other way for her to go there without doing that first?
Hear the music before the song is over ...
  • #245,951
  • Aug 16, 2010 6:29am Aug 16, 2010 6:29am
Quoting xenu
It's indicator. See attachments. Also comparison to USD. Yu can clerly see the GBPUSD top when USD started to go up eqrlier than GBP started to drop:
Thanks!
Don't be a hero. Don't have an ego. Always question yourself
  • #245,952
  • Aug 16, 2010 6:34am Aug 16, 2010 6:34am
Here's clearer picture:
Attached Image (click to enlarge)
Click to Enlarge Name: ind3.gif Size: 41 KB
  • #245,953
  • Aug 16, 2010 6:45am Aug 16, 2010 6:45am
Hi guys, I'm short GU @ 5603 with a 50 point stop. Target is 5227. Wish everyone a prosperous week.
  • #245,954
  • Aug 16, 2010 6:50am Aug 16, 2010 6:50am
Quoting stevefx
Hi guys, I'm short GU @ 5603 with a 50 point stop. Target is 5227. Wish everyone a prosperous week.
Good luck with the trade and yes have a good week too
  • #245,955
  • Aug 16, 2010 6:54am Aug 16, 2010 6:54am
Quoting AdrianHNV
Good luck with the trade and yes have a good week too
Thanks very much Adrian, best of luck to you also!
  • #245,956
  • Aug 16, 2010 6:57am Aug 16, 2010 6:57am
Some rumours about the mpc vote on monday being 2-7 instead of 1-8. If that talk gains traction these might be good lvls to short.
  • #245,957
  • Aug 16, 2010 7:00am Aug 16, 2010 7:00am
Quoting Stier
Some rumours about the mpc vote on monday being 2-7 instead of 1-8. If that talk gains traction these might be good lvls to short.

Exactly the opposite.
  • #245,958
  • Aug 16, 2010 7:11am Aug 16, 2010 7:11am
Retest Res Level M15/200 (1.5612/13)!
Attached Image (click to enlarge)
Click to Enlarge Name: 160810.gif Size: 86 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #245,959
  • Aug 16, 2010 7:17am Aug 16, 2010 7:17am
Quoting manize
Retest Res Level M15/200 (1.5612/13)!
The price is wedging upwards, the bias is down.
  • #245,960
  • Aug 16, 2010 7:23am Aug 16, 2010 7:23am
On Thursday August 12, the US equities market triggered a confirmed technical indicator known as the “Hindenburg Omen.” This omen, suggests a stock market crash is on the way. ( FROM FXLION)


http://www.telegraph.co.uk/finance/m...avid-Buik.html
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