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Cable Update (GBPUSD)

  • #276,801
  • Apr 19, 2011 1:43am Apr 19, 2011 1:43am
i buy @ 1.6255..
L-H-LH-HH -> B // H-L-HL-LL -> B
  • #276,802
  • Apr 19, 2011 2:00am Apr 19, 2011 2:00am
Quoting _BBKing_
hello,
i came too late, lost moment to enter short too...
good call bro
Bulls are still trying the position, I'll see how long I can scalp this position. Last night, it was quite a hell of a market, I will be caution today too.
  • #276,803
  • Apr 19, 2011 2:07am Apr 19, 2011 2:07am
i found my profile picture
90% of traders use TA, indicators and prediction
  • #276,804
  • Apr 19, 2011 2:11am Apr 19, 2011 2:11am
An angry little green bandit???
Gone to a better place
  • #276,805
  • Apr 19, 2011 2:19am Apr 19, 2011 2:19am
Quoting smikester
An angry little green bandit???
way too humoristic?
90% of traders use TA, indicators and prediction
  • #276,806
  • Apr 19, 2011 2:22am Apr 19, 2011 2:22am
No. It's funny...
Gone to a better place
  • #276,807
  • Apr 19, 2011 2:22am Apr 19, 2011 2:22am
Quoting _BBKing_
way too humoristic?
We need more humor in this crazy depressing business
  • #276,808
  • Apr 19, 2011 2:27am Apr 19, 2011 2:27am
Quoting smikester
No. It's funny...
hihihih
90% of traders use TA, indicators and prediction
  • #276,809
  • Apr 19, 2011 2:34am Apr 19, 2011 2:34am
actual range 6225-6260
are we going to see it all the day? gosh.....
90% of traders use TA, indicators and prediction
  • #276,810
  • Apr 19, 2011 2:34am Apr 19, 2011 2:34am
This is my view of where we are at the moment:

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd110419d1.gif Size: 34 KB


We can see lots of support where I drew the grey boxes. What happened last week, though? We didn't even match the previous week's high so it doesn't look like a retracement. The "megaphone" topping looks bearish and this support may not hold. If it doesn't my bet is the megaphone plays out and technical target of 1.54 comes into play.
Gone to a better place
  • #276,811
  • Apr 19, 2011 2:59am Apr 19, 2011 2:59am
Now testing the day's open. Very important level.
Gone to a better place
  • #276,812
  • Apr 19, 2011 3:04am Apr 19, 2011 3:04am
Quoting smikester
Now testing the day's open. Very important level.
yes.
on m5 TF refuses 2nd time the 6269 daily opening
90% of traders use TA, indicators and prediction
  • #276,813
  • Apr 19, 2011 3:07am Apr 19, 2011 3:07am
Quoting 0rPhioZ
We need more humor in this crazy depressing business
i am very depress watching this market
  • #276,814
  • Apr 19, 2011 3:08am Apr 19, 2011 3:08am
Quoting _BBKing_
yes.
on m5 TF refuses 2nd time the 6269 daily opening
The Euro broke through so I've got a feeling Sterling might.
Gone to a better place
  • #276,815
  • Apr 19, 2011 3:13am Apr 19, 2011 3:13am
morning

1.627 was touched last night so one of mine was closed but I was waiting more for 1.6280.

if we are lucky today we will see 1.631 if we brake 1.627X level in the next 8-12 hours.

I'm long anyway with the rest of my many trades.
  • #276,816
  • Apr 19, 2011 3:14am Apr 19, 2011 3:14am
the eur gbp looks like resuming from ema+sma 200 in h4
90% of traders use TA, indicators and prediction
  • #276,817
  • Apr 19, 2011 3:23am Apr 19, 2011 3:23am
Quoting _BBKing_
the eur gbp looks like resuming from ema+sma 200 in h4
Yes, I'm long there, at least to .8800 around the head and shoulders neckline. Still waiting for cable, though. I'm going to just leave it today, I think. No news today. Poundtrader is depressed. Think I'll go and make some coffee...
Gone to a better place
  • #276,818
  • Apr 19, 2011 3:24am Apr 19, 2011 3:24am
Quoting redbeben
morning

1.627 was touched last night so one of mine was closed but I was waiting more for 1.6280.

if we are lucky today we will see 1.631 if we brake 1.627X level in the next 8-12 hours.

I'm long anyway with the rest of my many trades.
It's still ranging, though.
  • #276,819
  • Apr 19, 2011 3:26am Apr 19, 2011 3:26am
Quoting redbeben
morning
Morning red. Glad someone sees some action today.
Gone to a better place
  • #276,820
  • Apr 19, 2011 3:31am Apr 19, 2011 3:31am
Quoting 0rPhioZ
It's still ranging, though.
I think we'll kind of range the whole week around those levels.in my oppinion the cable will end at this level 6245-70 on friday.if we are really lucky the cable will brake 6270 level friday as fridays are strange days and if it does then we'll have 1.635-7 the way it looks now.

in the next 3 days the picture will be more clear for me.


untill then
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