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Cable Update (GBPUSD)

  • #269,261
  • Jan 20, 2011 5:31am Jan 20, 2011 5:31am
Quoting veer2010
Do you think 1.6 can hold? or at least 1.6030? We have few US fundamentals today and seems the forecast is better than previous month..
well im short at 1.6029 so i hope for me it do, shorts or looking good, but i still have not recieve confirmation on the daily chart yet only on the 4hr chart, so stay tune.
  • #269,262
  • Jan 20, 2011 5:31am Jan 20, 2011 5:31am
on a 4hr chart, the price has not broken the descending channel and not a clear bearish signal yet.. it need to close in the colored triangle area to confirm the bearishness for GU...
Attached Image (click to enlarge)
Click to Enlarge Name: bearish.jpg Size: 55 KB
  • #269,263
  • Jan 20, 2011 5:32am Jan 20, 2011 5:32am
Price is struggling to gain any upside traction off that 38.2% of the 5907-6009 rise - so far....€ the one making upside progress with yesterday's close higher than Tuesday's and today price above that currently...unlike £ where Tuesday Hi has not been equalled or exceeded yet.

G/L
ex member
  • #269,264
  • Jan 20, 2011 5:34am Jan 20, 2011 5:34am
Quoting veer2010
on a 4hr chart, the price has not broken the descending channel and not a clear bearish signal yet.. it need to close in the colored triangle area to confirm the bearishness for GU...
  • #269,265
  • Jan 20, 2011 5:37am Jan 20, 2011 5:37am
id rather be patience wait 1.6024 and see what happen
Verily, in every difficulties there is relief
  • #269,266
  • Jan 20, 2011 5:37am Jan 20, 2011 5:37am
Quoting iqyu5an
overheat ?
It's winter there no worries wkwkwk..
  • #269,267
  • Jan 20, 2011 5:39am Jan 20, 2011 5:39am
Quoting primzvicious
id rather be patience wait 1.6024 and see what happen
yeah take your time you have all month, BTW whats 2+2 and 2x2
  • #269,268
  • Jan 20, 2011 5:39am Jan 20, 2011 5:39am


Quoting PoundTrader
short looking like a good side to be on at the moment.
Attached Image
not euphoria follower
  • #269,269
  • Jan 20, 2011 5:41am Jan 20, 2011 5:41am
15min shows the previous demand price is testing now.

G/L
Attached Image
ex member
  • #269,270
  • Jan 20, 2011 5:44am Jan 20, 2011 5:44am
Quoting redsword11
Attachment

Attached Image (click to enlarge)
Click to Enlarge Name: c.jpg Size: 70 KB




neckline
  • #269,271
  • Jan 20, 2011 5:57am Jan 20, 2011 5:57am
Price begins to gain some upside traction off that pullback lo at the area described in posts above (thanks redsword)...upside always remained the greater probability both intraday so far, and longer term.

Finishing here for session/day.

G/L
ex member
  • #269,272
  • Jan 20, 2011 6:21am Jan 20, 2011 6:21am
Quoting iqyu5an


nice chart bro




snd: ceuk uing ge tadi isuk naon buy heula... lumayan hehe
Verily, in every difficulties there is relief
  • #269,273
  • Jan 20, 2011 6:28am Jan 20, 2011 6:28am
Quoting veer2010
on a 4hr chart, the price has not broken the descending channel and not a clear bearish signal yet.. it need to close in the colored triangle area to confirm the bearishness for GU...
is it me or are those red and green arrows repainting?
  • #269,274
  • Jan 20, 2011 7:15am Jan 20, 2011 7:15am
Quoting primzvicious


nice chart bro




snd: ceuk uing ge tadi isuk naon buy heula... lumayan hehe
ceuk aing oge dari kemarin SELL heula...lumayan kan 100 pips..,
I will be the number one Manager.
  • #269,275
  • Jan 20, 2011 7:22am Jan 20, 2011 7:22am
-I see regular bullish div on M5 and hidden bull div on M15.
-Previous 2 release of US Unemployment claims data were negative.

will it move cable further up? just a thought.
  • #269,276
  • Jan 20, 2011 7:41am Jan 20, 2011 7:41am
Quoting gsantri
-I see regular bullish div on M5 and hidden bull div on M15.
-Previous 2 release of US Unemployment claims data were negative.

will it move cable further up? just a thought.
oh man its POSITIVE..
  • #269,277
  • Edited 8:05am Jan 20, 2011 7:52am | Edited 8:05am
Quoting wormboy
nice to see we're looking at the same thing brother

I sold @5954 & placed stop @6079. Took the trade as price closed below yesterday's low after the strong rejection at the w1 resistance. Ultimately I'll be looking towards the W1 pvp @5744 to take profit, but will likely take partial
profit @5860

Good luck to us & happy thaiposam
hey mate long time no see...sorry just back from queensbay...shopping

GU la..flat n sell limit 595 hit...what reach 1.6 adoiiii....ah nevermine la...gold just close one at 1348...

less than 1 hr

http://www.forexfactory.com/showpost...stcount=368992
  • #269,278
  • Jan 20, 2011 8:07am Jan 20, 2011 8:07am
the news was + but no effective downfall
  • #269,279
  • Jan 20, 2011 8:21am Jan 20, 2011 8:21am
Quoting yasi
the news was + but no effective downfall

be patient mate. the downfall will come slowly till the unemploment claims news then it will drop like a stone to complete its range for today...
  • #269,280
  • Jan 20, 2011 8:27am Jan 20, 2011 8:27am
Quoting lechidi
be patient mate.
that's it

Quoting lechidi
the downfall will come slowly till the unemploment claims news then it will drop like a stone to complete its range for today...
H1 descending triple top. 5913 is the trapdoor. Let's see ...
Thank You
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