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Cable Update (GBPUSD)

  • #256,881
  • Sep 29, 2010 3:03am Sep 29, 2010 3:03am
Quoting rashidcm2004
A major price reversal patern is found in gbpusd. sell between 1.5840 and 1.5820. take partial profits and hold shorts if daily candle close bearish!

happy trading!

mr bear is happy now....
  • #256,882
  • Sep 29, 2010 3:04am Sep 29, 2010 3:04am
you have very good analysis.... but if you dont make analysis... that will be better.

coz your analysis is just like a kind of shit !!!

Quoting master4forex
High = 1.5874 ---> STOP

Low = 1.5797 ---> 1.56 ---> 1.55 ---> 1.54-->1.53 -->1.52-->1.51-->1.5-->1.49
not euphoria follower
  • #256,883
  • Sep 29, 2010 3:05am Sep 29, 2010 3:05am
On Tuesday Pound/Dollar dropped with around 180 pips after initial increase, in line with the negative Interbank sentiment at nearly -2%. The Cable depreciated from 1.5896 to 1.5717 yesterday, closing the day at 1.5800. Today the British currency is making recovery efforts, but without much success for now. On the 1 hour chart the upward channel is looking good, while on the 3 hour chart trading is within wide range. First resistance is yesterday's peak at 1.5896. Break above it should extend the bullish movement further towards 1.6000. The nearest support is yesterday's bottom at 1.5717. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5600. Today are the UK M4 money supply and Consumer credit, both at 8:30. Quotes are moving above the 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and hesitant, MACD is neutral and calm, while CCI has crossed up the 100 line on the 1 hour chart, giving overall long signals.
Technical resistance levels: 1.5896 1.6000 1.6132
Technical support levels: 1.5717 1.5600 1.5481
  • #256,884
  • Sep 29, 2010 3:08am Sep 29, 2010 3:08am
Quoting iqyu5an
you have very good analysis.... but if you dont make analysis... that will be better.

coz your analysis is just like a kind of shit !!!
don't hold anything back
keep going please, i like you already
Thank You
  • #256,885
  • Sep 29, 2010 3:08am Sep 29, 2010 3:08am
hi idiot....where did you copy paste this from ?

Quoting master4forex
On Tuesday Pound/Dollar dropped with around 180 pips after initial...
not euphoria follower
  • #256,886
  • Sep 29, 2010 3:09am Sep 29, 2010 3:09am
Quoting Dayboy001
Arggh !!!

I had a buy order @ 1.5810 that never got hit !!!
Who is your broker?
  • #256,887
  • Sep 29, 2010 3:10am Sep 29, 2010 3:10am
salam...wormie.....




Quoting wormboy
don't hold anything back
keep going please, i like you already
not euphoria follower
  • #256,888
  • Sep 29, 2010 3:10am Sep 29, 2010 3:10am
Down Trend

Support 1.5740 1.5684 1.5629 1.5539 1.5453
  • #256,889
  • Sep 29, 2010 3:11am Sep 29, 2010 3:11am
Quoting wormboy
don't hold anything back
keep going please, i like you already
being new I didn't want to put anyone on my ignore list !!

but honestly if I wanted to look at cartoons all day i'd go and by a comic !!

This message is hidden because master4forex is on your Ignore List.
  • #256,890
  • Sep 29, 2010 3:12am Sep 29, 2010 3:12am
Quoting wormboy
you'll get another crack at it methinks. don't worry
there you go
Thank You
  • #256,891
  • Sep 29, 2010 3:13am Sep 29, 2010 3:13am
Quoting iqyu5an
salam...wormie.....

wsalam brother
Thank You
  • #256,892
  • Sep 29, 2010 3:13am Sep 29, 2010 3:13am
closed 1/4 position on DP, should be very nice bearish 4h candle but lot of room to close 4h... if looks nice bearish will add more shorts...

Quoting scurt
sell_5872, SL5920 TP-5780, tp2-5720

reasons:
yesterdays rejection of 1,59
touch downward TL
  • #256,893
  • Sep 29, 2010 3:13am Sep 29, 2010 3:13am
Quoting Dayboy001
being new I didn't want to put anyone on my ignore list !!

but honestly if I wanted to look at cartoons all day i'd go and by a comic !!

This message is hidden because master4forex is on your Ignore List.
he's on my shitlist as well, i just saw his message because others are quoting him
Thank You
  • #256,894
  • Sep 29, 2010 3:15am Sep 29, 2010 3:15am
Quoting wormboy
you'll get another crack at it methinks. don't worry
1.5810 buy added
  • #256,895
  • Sep 29, 2010 3:17am Sep 29, 2010 3:17am
Quoting Dayboy001
1.5810 buy added
Not to stupid I think. Gold might be forming a tripple bottom on 1h candles, which should drag the dollar down even more.
Already 4 candles who looks bullish on gold 15min timeframe.
  • #256,896
  • Sep 29, 2010 3:19am Sep 29, 2010 3:19am
Quoting Sunsi
Not to stupid I think. Gold might be forming a tripple bottom on 1h candles, which should drag the dollar down even more.
Already 4 candles who looks bullish on gold 15min timeframe.
you don't need the xau chart to tell you cable is consolidating & dayboy just bought off the dp. no need to complicate things.
Thank You
  • #256,897
  • Sep 29, 2010 3:20am Sep 29, 2010 3:20am
Quoting Dayboy001
1.5810 buy added

price just break previous low m5..hold my shorts..lock in my profits
  • #256,898
  • Sep 29, 2010 3:20am Sep 29, 2010 3:20am
Should I ask everyone who`s take a long position for reasons?

for me is london open 100% bearish,
respected DW TL,
creates still LHigh, and LLow,
news are within 10min and you opening position against daily trend (for now)?
it is end of the month, so there is posibillity that people will jump of the long positions...

and the reason to long is only because of trend?
  • #256,899
  • Sep 29, 2010 3:20am Sep 29, 2010 3:20am
cable right at bottom of that previous 1hr swing hi discussed in post aboive,,,right on daily pivot area...below here 76.4% of the 5780-5875 is @ 5802 and below here the unbreeched fibs of the 5718-5875 moive as well as a previous 1hr swing lo zone down to 5780 and of course the previous 1hr/4hr sw hi/lo zone around yesterday's 5718 lows. The ascending 1hr trend line comes through on this hourly candle around 5745/50...one bounce so far from it.

Uk data @ 0930am Uk time.

G/L
ex member
  • #256,900
  • Sep 29, 2010 3:21am Sep 29, 2010 3:21am
http://img534.imageshack.us/img534/729/98831968.jpg
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