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Cable Update (GBPUSD)

  • #274,881
  • Mar 28, 2011 12:41pm Mar 28, 2011 12:41pm
price testing daily open. Dx just broken above 50 ema on 5min.
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Click to Enlarge Name: Spot FX GBP_USD (28-MAR-11).png Size: 8 KB
All systems of divination, like music itself,work through patterns.
  • #274,882
  • Mar 28, 2011 12:56pm Mar 28, 2011 12:56pm
Quoting javapips
why took so long wait till next week, what will gu doing in that time?? dancing???
i think it's only need few days ( one or two, no need to wait NFP) for the bear to take action..,
i hope i'm wrong and you are right with that 'next week', more longger more good cos i don't have any sell position yet...
i don't follow to buy, just will wait in ups there..i pray for you..go higher and higher will be good..
OK Jav ...since we're on go slow... i'll do as you asked me and do a spell and grammar check.

"why would it take so long as next week, what would GU do in the meantime...
go dancing?
I hope i'm wrong and you are right about "next week"...the longer the better cos i dont have a sell position as yet.
I'm not looking to buy...just looking for a higher price to sell."

Please check Jav...dont wish to misquote you.
All systems of divination, like music itself,work through patterns.
  • #274,883
  • Mar 28, 2011 1:08pm Mar 28, 2011 1:08pm
Why is the cable so weak??
Make your losses in demo. Earn your profits live.
  • #274,884
  • Edited 1:24pm Mar 28, 2011 1:11pm | Edited 1:24pm
Risking short scalp 15995. Price below 20 ema 15 min.
i wont be holding above daily roll...looking for it to reach LO open at 15975
All systems of divination, like music itself,work through patterns.
  • #274,885
  • Mar 28, 2011 1:31pm Mar 28, 2011 1:31pm
Quoting kaspopsicle
Risking short scalp 15995. Price below 20 ema 15 min.
i wont be holding above daily roll...looking for it to reach LO open at 15975
K enough ..out -10 ..got to get supper.
All systems of divination, like music itself,work through patterns.
  • #274,886
  • Mar 28, 2011 1:49pm Mar 28, 2011 1:49pm
Quoting chazzle
15990 you might get , not sure about any lower
http://www.forexfactory.com/showthre...82#post4503382

Nice call chazzle
  • #274,887
  • Mar 28, 2011 1:59pm Mar 28, 2011 1:59pm
Quoting MartinMyster
Nice call chazzle
Thanks , also for anyone interested - the H1 candle at the day low turned out to be part of a "morning doji star" pattern - a bullish reversal pattern seen at the bottom of a downtrend ...
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  • #274,888
  • Mar 28, 2011 2:39pm Mar 28, 2011 2:39pm
Good day to you,

The run down initially this morning was a bit deeper than I personally thought, but it ended well. Profit was made.

I am of the opinion that we may be starting a directional change. This change will not happen overnight, but will probably take a couple of days - even a bit longer to establish.

As of now - I will only buy GU. (at the right opportunity) I will buy every bottom extreme. The current extreme is sitting @ 1.5950- 1.5930 area at present(1hr chart). The current max at the top side is @ 1.6050-1.6070(1hr chart).

So - I will buy around 1.5950 - 1.5930. Otherwise I leave this alone for now.

Wish you all the best

Regards
Attached Image (click to enlarge)
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  • #274,889
  • Mar 28, 2011 3:35pm Mar 28, 2011 3:35pm
Yes, i'm looking for a lower price before i commit to a buy position.
I'm thinking it could happen during the asia session....but i'm not going to hang my hat on it untill i see it. lol.
Daily open in 25 mins.
Thanks ,Tau.
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (28-MAR-11).png Size: 8 KB
All systems of divination, like music itself,work through patterns.
  • #274,890
  • Mar 28, 2011 3:40pm Mar 28, 2011 3:40pm
weekly chart
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Click to Enlarge Name: gbp.gif Size: 27 KB
Enter Signature
  • #274,891
  • Mar 28, 2011 4:02pm Mar 28, 2011 4:02pm
Quoting kingich
weekly chart
90% of traders use TA, indicators and prediction
  • #274,892
  • Mar 28, 2011 4:07pm Mar 28, 2011 4:07pm
Quoting ndsouz
There's no such thing as SURE in forex. hope you know that. I just took the long trade as i think its come towards support area, unless it breaks below 1.5950 and down to my stoploss and below 1.5900. I think it should probably go up to the 1.60xx range.. which i anticipate.
90% of traders use TA, indicators and prediction
  • #274,893
  • Mar 28, 2011 6:52pm Mar 28, 2011 6:52pm
I agree with you, TauTrader. It very much appears GbpUsd is about to swing up, I'm long @ 1.5995.

MetricTrader
  • #274,894
  • Mar 28, 2011 7:49pm Mar 28, 2011 7:49pm
price just kissed 61.8 1.5969.. usually it will follow the discipline
Artist lead and hacks ask for a show of hands.
  • #274,895
  • Mar 28, 2011 9:11pm Mar 28, 2011 9:11pm
Quoting kaspopsicle
OK Jav ...since we're on go slow... i'll do as you asked me and do a spell and grammar check.

"why would it take so long as next week, what would GU do in the meantime...
go dancing?
I hope i'm wrong and you are right about "next week"...the longer the better cos i dont have a sell position as yet.
I'm not looking to buy...just looking for a higher price to sell."

Please check Jav...dont wish to misquote you.
hihihihi...thanks you kas..,even me myself got pain in the head each time re-read my older post..
thanks you and have a great day...



java,



.
I will be the number one Manager.
  • #274,896
  • Mar 28, 2011 11:38pm Mar 28, 2011 11:38pm
hi everybody..

Share some my setup here. Intraday for Cable with good R/R. This is my chart
with start take it on Bullish Engulfing Pattern & next Long Lower Shadow, that showing market was bottoming out? Grab it for intra

Jess
Attached Image
  • #274,897
  • Mar 29, 2011 4:03am Mar 29, 2011 4:03am
USDX sitting on H1 support and if cable won't close above 40 this morning then I think 1.6 might fail
Gone to a better place
  • #274,898
  • Mar 29, 2011 4:19am Mar 29, 2011 4:19am
Quoting Jess leo
hi everybody..

Share some my setup here. Intraday for Cable with good R/R. This is my chart
with start take it on Bullish Engulfing Pattern & next Long Lower Shadow, that showing market was bottoming out? Grab it for intra

Jess
Ok done..now what?
Attached Image
  • #274,899
  • Mar 29, 2011 4:46am Mar 29, 2011 4:46am
Quoting smikester
USDX sitting on H1 support and if cable won't close above 40 this morning then I think 1.6 might fail
Yes - finding it hard to crack Friday's close - we might expect a bit more of a retrace than 100 pips from a 460 pip drop - but it doesn't have to happen , nothing does
  • #274,900
  • Mar 29, 2011 4:46am Mar 29, 2011 4:46am
Quoting smikester
USDX sitting on H1 support and if cable won't close above 40 this morning then I think 1.6 might fail
check the width of the channel
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