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Cable Update (GBPUSD)

  • #271,741
  • Feb 11, 2011 6:19am Feb 11, 2011 6:19am
Good one!!!!!

Quoting khizer
(2h before)
  • #271,742
  • Feb 11, 2011 6:21am Feb 11, 2011 6:21am
I don't get ur quote's you go on the move that has already happened and so what, what next? That is what i expect to see you talk about. Don't u think so..........

Quoting bbmac
pullback hi (so far?) reached the 23.6% of the last 1hr swing down 6069-5962 (current daily lo.)

G/L
  • #271,743
  • Feb 11, 2011 6:23am Feb 11, 2011 6:23am
Quoting fendi
I don't get ur quote's you go on the move that has already happened and so what, what next? That is what i expect to see you talk about. Don't u think so..........
?!
Hero calls followed by margin calls...
  • #271,744
  • Feb 11, 2011 6:30am Feb 11, 2011 6:30am
Quoting fendi
I don't get ur quote's you go on the move that has already happened and so what, what next? That is what i expect to see you talk about. Don't u think so..........

I think if you go back through the posts the move was called befor
  • #271,745
  • Feb 11, 2011 6:51am Feb 11, 2011 6:51am
Quoting o0freaky0o
prelim UoM may be the high impact release for today in case of any surprises and it has an upward revision already.
Seems like this is one of great impact. Even if it meets expectations should see one move up one level.

Still, I'm out.........unless it is huge.
  • #271,746
  • Edited 7:45am Feb 11, 2011 7:33am | Edited 7:45am

  1. Wave BC is 1.68 FIB extension of Wave AB;
  2. Orange S/R at 1.6265;
  3. Bearish Engulfing Pattern;

For these reasons we are in Bearish sentiment since 3/2.
The colored lines are showing forecasted Gann S/R of the bearish trend.

As seen once the price action touched the Support of 1.5974, it found buyers who are covering their short positions.

If price will act below 1.5974 then our next target is around 1.5880.
If price will act above 1.5974 in the New York session then potential target is 1.6078.

Your opinions friends are appreciated.

Good Luck

Attached Image (click to enlarge)
Click to Enlarge Name: BEARISH.gif Size: 61 KB
  • #271,747
  • Feb 11, 2011 7:41am Feb 11, 2011 7:41am
back to R

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 25 KB
Hero calls followed by margin calls...
  • #271,748
  • Feb 11, 2011 7:51am Feb 11, 2011 7:51am
Hey short 1.6...

m short gbp

Quoting PhAnTi'
back to R

Attachment
Trade what you see, Not what you think.
  • #271,749
  • Feb 11, 2011 7:53am Feb 11, 2011 7:53am
shorted 6000 and closed with +1 ...doooooooooooooh

waiting for news now.
Hero calls followed by margin calls...
  • #271,750
  • Feb 11, 2011 8:09am Feb 11, 2011 8:09am


but i m still holding

Quoting PhAnTi'
shorted 6000 and closed with +1 ...doooooooooooooh

waiting for news now.
Trade what you see, Not what you think.
  • #271,751
  • Feb 11, 2011 8:10am Feb 11, 2011 8:10am
As I posted before the Gann S/R price of around 1.5974, acting above this price we can find long opportunities for risky appetite traders.

I found Bullish engulfing pattern in 45 minutes candles.
If price will respect this pattern we can long with SL around 10 pips below the low of the pattern 1,5961 being 1.5950. The take profit at around 1.6080.

Breaking that low, we are in bearish sentiment market since 3/2 so short and the target at around 1.5880.

Good Luck.
Attached Image (click to enlarge)
Click to Enlarge Name: Buying opportunity for Risky appetite traders.jpg Size: 138 KB
  • #271,752
  • Feb 11, 2011 8:12am Feb 11, 2011 8:12am
its already retrace 50% fib
its will down shortly

before ur waiting news

inshallah

Quoting PhAnTi'
shorted 6000 and closed with +1 ...doooooooooooooh

waiting for news now.
Trade what you see, Not what you think.
  • #271,753
  • Feb 11, 2011 8:29am Feb 11, 2011 8:29am
Quoting PhAnTi'
shorted 6000 and closed with +1 ...doooooooooooooh

waiting for news now.
I got another short @ 1.6010
it's just giving more opportunities to enter at better prices I think.
But you gotta be patient.
  • #271,754
  • Feb 11, 2011 8:30am Feb 11, 2011 8:30am
Quoting o0freaky0o
I got another short @ 1.6010
it's just giving more opportunities to enter at better prices I think.
But you gotta be patient.
consider news, might have a strong impact


ph.
Hero calls followed by margin calls...
  • #271,755
  • Feb 11, 2011 8:32am Feb 11, 2011 8:32am
bear pressure still dominant but we may see the actual move next week.
  • #271,756
  • Feb 11, 2011 8:39am Feb 11, 2011 8:39am
Quoting PhAnTi'
consider news, might have a strong impact


ph.
Do you use any news wire services Phanti? It's good to see someone is cautious about the fundies here.
  • #271,757
  • Feb 11, 2011 8:44am Feb 11, 2011 8:44am
Drop +50pips expected on this Consumer Sentiment News...
Trade what you see, Not what you think.
  • #271,758
  • Feb 11, 2011 8:46am Feb 11, 2011 8:46am
Quoting o0freaky0o
Do you use any news wire services Phanti? It's good to see someone is cautious about the fundies here.
i expect good usd news

lets c


http://www.fxstreet.com/fundamental/...8-a91799b1031d
Hero calls followed by margin calls...
  • #271,759
  • Feb 11, 2011 8:47am Feb 11, 2011 8:47am
Quoting khizer
Drop +50pips expected on this Consumer Sentiment News...
hmm 50 is quiet a lot
Hero calls followed by margin calls...
  • #271,760
  • Feb 11, 2011 8:56am Feb 11, 2011 8:56am
slightly better, let's see what will happen.
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