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Cable Update (GBPUSD)

  • #275,321
  • Apr 4, 2011 2:32am Apr 4, 2011 2:32am
morning traders,


last week I was partially right and I am glad for that

I said the week will be bullish for GU,GJ,EU and it was.

the only bad thing that happened was that I said NFP will be good for GBP and it was not.

for this I owe nAVIN many many drinks


but the GU will still go as predicted.
  • #275,322
  • Apr 4, 2011 2:40am Apr 4, 2011 2:40am
Quoting Mrleeforex
Correct me, if I'm wrong but I'm kind of seeing this pattern. I assume that GU will reach 1.6400
Good day to you,

1.6400 at this point in time is unlikely. 1.6200 is more realistic for now. Price, to me, is flattening out somewhat - so I will be looking to see what happens. 2 scenarios - we go straight to 1.6200 from here and then pull back, or we head to 1.6080 area to reload for another leg up.

Just my opinion.

regards
  • #275,323
  • Apr 4, 2011 2:44am Apr 4, 2011 2:44am
H4, will form shooting star??
i already sell from 1.6155, target 1.6100

if doesn't reach target, ready to buy..
Attached Image (click to enlarge)
Click to Enlarge Name: chart.JPG Size: 76 KB
L-H-LH-HH -> B // H-L-HL-LL -> B
  • #275,324
  • Apr 4, 2011 2:45am Apr 4, 2011 2:45am
always thanks opinion and chart!

good week start!
  • #275,325
  • Apr 4, 2011 2:55am Apr 4, 2011 2:55am
Quoting TauTrader
Good day to you,

1.6400 at this point in time is unlikely. 1.6200 is more realistic for now. Price, to me, is flattening out somewhat - so I will be looking to see what happens. 2 scenarios - we go straight to 1.6200 from here and then pull back, or we head to 1.6080 area to reload for another leg up.

Just my opinion.

regards
if price hit 1.6065 we head down to 1.5928, i will begin to sell at a higher price if uptrend is broken, for now im still long at 1.6056 with t/p 1.6256.
  • #275,326
  • Apr 4, 2011 3:00am Apr 4, 2011 3:00am
Quoting seekerz
H4, will form shooting star??
i already sell from 1.6155, target 1.6100

if doesn't reach target, ready to buy..
I'd rather buy all way up~~
Believe what you see instead of what you think!
  • #275,327
  • Apr 4, 2011 3:11am Apr 4, 2011 3:11am
Quoting JasmineQu
I'd rather buy all way up~~
L-H-LH-HH -> B // H-L-HL-LL -> B
  • #275,328
  • Apr 4, 2011 3:12am Apr 4, 2011 3:12am
Gu looks like a nice sell option on H4. Even if moves up that would be an exhausted move
Attached Image (click to enlarge)
Click to Enlarge Name: gu12.gif Size: 31 KB
  • #275,329
  • Apr 4, 2011 3:15am Apr 4, 2011 3:15am
I would sooo like to buy - but price is just too high for me at this time.
  • #275,330
  • Apr 4, 2011 3:21am Apr 4, 2011 3:21am
No Indicators here, but watching candler patterns on 30min TF, I got a feeling along with the new sig coming, not expecting a huge impact, but I got a feeling this Price Action is pulling back like a sling shot, and I see 30 to 50 pips upwards.
Trade Like a Robot make money Like a Bank
  • #275,331
  • Apr 4, 2011 3:48am Apr 4, 2011 3:48am
Short at 1.6147, hopefully it can break the trend-line on the Daily! Looks pretty bearish intra-day.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-4-4-11.gif Size: 19 KB
  • #275,332
  • Apr 4, 2011 3:56am Apr 4, 2011 3:56am
hi,

if we close this 4 H candle above 1.6120 then we will see 1.62X
why X as I have no idea how the market will move but I pointed out in the chart

we broke a 4H trendline and now we have had the confirmation of that.
Attached Image (click to enlarge)
Click to Enlarge Name: H4 brakeout.JPG Size: 187 KB
  • #275,333
  • Apr 4, 2011 4:06am Apr 4, 2011 4:06am
How about this plan ? ----See pic below.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-H4-0404.png Size: 22 KB
Believe what you see instead of what you think!
  • #275,334
  • Apr 4, 2011 4:06am Apr 4, 2011 4:06am
Quoting redbeben
hi,

if we close this 4 H candle above 1.6120 then we will see 1.62X
why X as I have no idea how the market will move but I pointed out in the chart

we broke a 4H trendline and now we have had the confirmation of that.
Good day to you,

Too easy. Want to see a stop hunt lower to 1.6080 region first. Price has broken through a reasonably defended level off late. Plenty of stops below... Gmf - as I was typing....
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 32 KB
  • #275,335
  • Apr 4, 2011 4:08am Apr 4, 2011 4:08am
Quoting redbeben
hi,

if we close this 4 H candle above 1.6120 then we will see 1.62X
why X as I have no idea how the market will move but I pointed out in the chart

we broke a 4H trendline and now we have had the confirmation of that.
Hello, dear FF Members, I would be happy to join to this thread and make my small contribution. I'll try to post my trades every day. Goind to make 1-3 trades a day.

I agree with your direction, already in a market, long at 1.61400.
  • #275,336
  • Apr 4, 2011 4:10am Apr 4, 2011 4:10am
I'm long again 20lots @ 1.6140 SL-1.6039 TP-Open.

If GBPUSD falls and comes below 1.6080 I will be ready to load another 20lots long.
To Your Success!!
  • #275,337
  • Apr 4, 2011 4:10am Apr 4, 2011 4:10am
It look like some traders have been lured by GBP news and entered long but my analysis are saying that cable will continue falling till about 1.6065
  • #275,338
  • Apr 4, 2011 4:12am Apr 4, 2011 4:12am
Quoting josef
Hello, dear FF Members, I would be happy to join to this thread and make my small contribution. I'll try to post my trades every day. Goind to make 1-3 trades a day.

I agree with your direction, already in a market, long at 1.61400.
Good day to you,

Welcome.

All the best in your journey

Regards
  • #275,339
  • Apr 4, 2011 4:21am Apr 4, 2011 4:21am

Quoting xsuchyx
It look like some traders have been lured by GBP news and entered long but my analysis are saying that cable will continue falling till about 1.6065
  • #275,340
  • Apr 4, 2011 4:22am Apr 4, 2011 4:22am
Quoting PoundTrader
if price hit 1.6065 we head down to 1.5928, i will begin to sell at a higher price if uptrend is broken, for now im still long at 1.6056 with t/p 1.6256.
:nerd: im watching, this could be the start of a nice down trend, i havel sell order at 1.6065, t/p 1.5928
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