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Cable Update (GBPUSD)

  • #271,881
  • Feb 14, 2011 10:17am Feb 14, 2011 10:17am
Quoting Tsar
If Price 1.5984 can BROKE...
Cable go DOWN to 1.5941
Price 1.5984 can NOT Broke !!

Pullback go to NORTH...
Be Carreful for Seller :nerd:
Always looking the GREAT, never left GOOD Point...
  • #271,882
  • Feb 14, 2011 10:23am Feb 14, 2011 10:23am
Quoting Tsar
Price 1.5984 can NOT Broke !!

Pullback go to NORTH...
Be Carreful for Seller :nerd:
yep,we need the close below 5985. geppy and gbpchf down.....cable should follow...especially when i take a look at the daily
Hero calls followed by margin calls...
  • #271,883
  • Feb 14, 2011 10:24am Feb 14, 2011 10:24am
The 76 fibo is holding it. So i'm looking for a higher high.
I am usually Wrong
  • #271,884
  • Feb 14, 2011 10:40am Feb 14, 2011 10:40am
More likely up now.

But we'll see more about .6035.
  • #271,885
  • Feb 14, 2011 10:52am Feb 14, 2011 10:52am
GBPUSD
added 10K long at 1.6006

GBPUSD
Main trend: flat
Positions : 2 longs
Size total: 20K
SL: 1.596
Realtime actions: wait

keep it going !
  • #271,886
  • Feb 14, 2011 10:56am Feb 14, 2011 10:56am
Quoting PhAnTi'
yep,we need the close below 5985. geppy and gbpchf down.....cable should follow...especially when i take a look at the daily
Good

Would you like explaint what is geppy ??
And why Cable follow gbpchf ??

I only TRADE with GU/USD and EUR/USD. Need more INFO from you, Sir.
Always looking the GREAT, never left GOOD Point...
  • #271,887
  • Feb 14, 2011 11:02am Feb 14, 2011 11:02am
Quoting Tsar
Good

Would you like explaint what is geppy ??
And why Cable follow gbpchf ??

I only TRADE with GU/USD and EUR/USD. Need more INFO from you, Sir.
sure.
geppy = gbpjpy.
cable and gbpchf
gbpjpy do have some correlation, theese 3 pairs including cable have been driven by the pound not by usd,chf or jpy.
thats the thing.
Hero calls followed by margin calls...
  • #271,888
  • Feb 14, 2011 11:07am Feb 14, 2011 11:07am
Quoting PhAnTi'
enter shorts now or never

Attachment
I agree totally with you but we should be cautious because we see Bullish engulfing price action at Support around 1.5980.
However, we see another Bearish engulfing pattern with R at 1.6036, so any short entry below this R. should be reckoned carefully.

Both Bullish EP & Bearish EP occurred in NY Session

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: B ullish_Bearish EP_NY_Session.gif Size: 11 KB
  • #271,889
  • Feb 14, 2011 11:07am Feb 14, 2011 11:07am
Quoting PhAnTi'
sure.
geppy = gbpjpy.
cable and gbpchf
gbpjpy do have some correlation, theese 3 pairs including cable have been driven by the pound not by usd,chf or jpy.
thats the thing.
Thank's a lot.
Always looking the GREAT, never left GOOD Point...
  • #271,890
  • Feb 14, 2011 11:18am Feb 14, 2011 11:18am
Quoting Petar_Serbia
Hello guys,

I want to help becouse i see everyone think about short....I closed all my shorts from last week and earn good pips from shorts but now we are in verz good projection and good Fibo supp,its very dangerus to open shorts,i think we will go UP this week,just my advice...
I dont have position on Cable,i have on EURUSD buy,,



Cheers

Petar
Thank you for your help. I see that your chart is may be 8 hours/ candle
and its completely true but would you consider the following chart in weekly chart and note that the price was at R. Trendline & Horizontal R 1.619. I'm just discuss but respect your findings.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: Weekly_Chart.gif Size: 19 KB
  • #271,891
  • Feb 14, 2011 11:30am Feb 14, 2011 11:30am
Be careful from short entry at NY session.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: Careful at NY seesion.gif Size: 25 KB
  • #271,892
  • Feb 14, 2011 11:30am Feb 14, 2011 11:30am
Quoting Pkurdy
Thank you for your help. I see that your chart is may be 8 hours/ candle
and its completely true but would you consider the following chart in weekly chart and note that the price was at R. Trendline & Horizontal R 1.619. I'm just discuss but respect your findings.

G/L
so is it wrong if price break your trend line??
I will be the number one Manager.
  • #271,893
  • Feb 14, 2011 11:47am Feb 14, 2011 11:47am
Quoting javapips
so is it wrong if price break your trend line??
Breaking S/R lines is what Forex about. Since we are at that Weekly R. we are making lower high and low.
  • #271,894
  • Feb 14, 2011 11:49am Feb 14, 2011 11:49am
I'd be intrested in buying at 1,6006.

SL is obvious.
  • #271,895
  • Feb 14, 2011 12:12pm Feb 14, 2011 12:12pm
Quoting Black Hole
I'd be intrested in buying at 1,6006.

SL is obvious.
What is your SL and TP to assess the whole position from R/R aspect.
  • #271,896
  • Feb 14, 2011 12:18pm Feb 14, 2011 12:18pm
Quoting craptrader
The 76 fibo is holding it. So i'm looking for a higher high.
hey Crap , how's your brother Stupid?
Attached Image
  • #271,897
  • Feb 14, 2011 12:18pm Feb 14, 2011 12:18pm
Quoting Pkurdy
Breaking S/R lines is what Forex about. Since we are at that Weekly R. we are making lower high and low.
today you talking about engulfing there..engulfing there..,so why you don't talk about engulfing at your weekly chart? that's still the main trend i guess..,(atleast till that candle break),

in daily chart it's clear a flag forming, you already know the rhythm, so buy or sell could make some pips, just about the main trend is still up move, so it will take more risk if go short..,



for others: see daily chart and put stochastic 14.3.3,
you could see hidden bullish divergent already forming, price could shoot up anytime if she want...
i don't say 1.59xx is the low, but it's ready if she want to move up..,if you don't know and don't want take the risk picking the bottom, so just wait till it break the flag...,

sorry i don't have any chart, my chart just an ordinary chart as you have, so just look at your own chart..,

see you all.., have a great trade..
I will be the number one Manager.
  • #271,898
  • Feb 14, 2011 12:19pm Feb 14, 2011 12:19pm
Quoting chazzle
hey Crap , how's your brother Stupid?
Hero calls followed by margin calls...
  • #271,899
  • Feb 14, 2011 12:25pm Feb 14, 2011 12:25pm
Quoting javapips
today you talking about engulfing there..engulfing there..,so why you don't talk about engulfing at your weekly chart? that's still the main trend i guess..,(atleast till that candle break),

in daily chart it's clear a flag forming, you already know the rhythm, so buy or sell could make...
Thank you and I'll look at my own chart, nice advice ) APPRECIATED,
  • #271,900
  • Feb 14, 2011 12:37pm Feb 14, 2011 12:37pm
16050 is a key area for bulls if they want to take charge...between here and there we have TL S/R , EMA20 and the weekly pivot.

I'm out of my long
Attached Image(s) (click to enlarge)
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