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Cable Update (GBPUSD)

  • #277,881
  • Apr 28, 2011 1:09pm Apr 28, 2011 1:09pm
Quoting GBP Trader
Good Morning,

Can your opinion now is known as Top Sell sir? Or have to wait for the signal again as a confirmation? Signal is it sir? Please your opinion sir? And I ask you a lot to a private message and 2 questions on this board that you have not had time to respond, if I could please be views and direction.

Thank you.

Best Regards

San
Good day to you,

As said - trend is still up. This tells us that it is better to rather look for buy opportunities. Should one want to sell - you have to look at areas of probable pullback / retrace - and this will always be scalping only.

Right now - I will be looking to buy @ 1.6550 - should price ever get there and trend indication is still up at that stage. No selling at this point - but 1.6710 may be of interest. Will see when we get there. Price is in the middle of nowhere at the moment. So no trades.

I will be going fishing later tomorrow so will not trade. Only back on Monday afternoon.


Regards
  • #277,882
  • Apr 28, 2011 2:30pm Apr 28, 2011 2:30pm
following GBPUSD for a month now, I can say that Asia always makes very dramatic move, almost every night, and mostly always up - but thay is probably due to the big picture scenario.....

is it worth it to make some entries ready for tonight?? or just set limits incase it goes down in enough?

or maybe enrty for SELL at 1.70xxx ?
  • #277,883
  • Apr 28, 2011 4:35pm Apr 28, 2011 4:35pm
im long targeting 68 area.
now, i look at chart and i see this daily candle.
few time left for daily closing.

looks not such a bullish candle.
what to do? hope or close n accept the loss?
90% of traders use TA, indicators and prediction
  • #277,884
  • Apr 28, 2011 5:01pm Apr 28, 2011 5:01pm
yesterday from here went straight 67 area, had good reasons to do.
today from 67 area again here. talk of 'profit taking', added to the closings of london for the big event (hope they will be happy ).
67 area is anyway a resistance one.

then i notice the down from 6690 with good home sales in USA (...)

6621 is for me a weekly FE61.8 - a good support - 38,2% (or 61,8%) fibo retrace 6430 --> 6743
if price breake below here i think will see 6600.

im seriously thinking: going again in 65 area would mean erasing of gains vs us dollar afte yesterday's events. is it possible?
ok ok, all possible! but seriously tomorrow those data in USA ar such important?
90% of traders use TA, indicators and prediction
  • #277,885
  • Apr 28, 2011 6:31pm Apr 28, 2011 6:31pm
good morning

tmr is bank holiday due to the wedding.GBP will be traded by other banks and retailers.
better to stay on the bench to avoid the big spikes

it's friday as well and last day of the month normally it is not good to trade those days.
  • #277,886
  • Apr 28, 2011 8:33pm Apr 28, 2011 8:33pm
the one day I wake up for Asia and nothing? weird.... or they just wait for me go back to sleep to do the damage........
  • #277,887
  • Apr 28, 2011 8:56pm Apr 28, 2011 8:56pm
any idea? im bleeding
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be patient, self-belief and discipline... stay focus...
  • #277,888
  • Apr 28, 2011 10:37pm Apr 28, 2011 10:37pm
Quoting radit27
any idea? im bleeding
if my calculation is correct , it will be bearish during london session (Bank Holiday) although I still require some confirmation after another hour
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  • #277,889
  • Apr 28, 2011 11:01pm Apr 28, 2011 11:01pm
Quoting Mrleeforex
if my calculation is correct , it will be bearish during london session (Bank Holiday) although I still require some confirmation after another hour
do you reckon the.... gulp, dont wanna say the word.... "wedding" pffttt!! will impact cable fundamentally??
"Millionaires don't use astrology, billionaires do"
  • #277,890
  • Apr 28, 2011 11:06pm Apr 28, 2011 11:06pm
im recover again ahaha open 3lot
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be patient, self-belief and discipline... stay focus...
  • #277,891
  • Apr 28, 2011 11:07pm Apr 28, 2011 11:07pm
Quoting forex_growth
do you reckon the.... gulp, dont wanna say the word.... "wedding" pffttt!! will impact cable fundamentally??
I don't have any confirmation yet. but from what I see was a weak Bearish signal. it could lead to Bullish though. so I'm waiting for certainty. now it turns to be Bullish weak signal by the time I'm writing this forum.
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  • #277,892
  • Apr 28, 2011 11:12pm Apr 28, 2011 11:12pm
if GU breaks 1.6668 (Bullish Signal)
if GU breaks 1.6625 (Bearish Signal)

well , these are my assumptions
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  • #277,893
  • Apr 28, 2011 11:13pm Apr 28, 2011 11:13pm
hmm guys its really down when uk open?...see my chart here 4hrs...seem it will strong resistence at big red line....am i correct?
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be patient, self-belief and discipline... stay focus...
  • #277,894
  • Apr 28, 2011 11:21pm Apr 28, 2011 11:21pm
Quoting radit27
hmm guys its really down when uk open?...see my chart here 4hrs...seem it will strong resistence at big red line....am i correct?
hopefully another 30 mins I can give you a definite answer
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  • #277,895
  • Apr 28, 2011 11:27pm Apr 28, 2011 11:27pm
im taking my 13pips great since in 15min chart resistance...im out for this moment....
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be patient, self-belief and discipline... stay focus...
  • #277,896
  • Apr 28, 2011 11:38pm Apr 28, 2011 11:38pm
The last upward swings on the lower timeframes (10 and 15 minutes) shows clear signs of weakness. Personally am looking for short opportunities at the moment..
  • #277,897
  • Apr 28, 2011 11:39pm Apr 28, 2011 11:39pm
im crying because close to early haha
be patient, self-belief and discipline... stay focus...
  • #277,898
  • Apr 28, 2011 11:42pm Apr 28, 2011 11:42pm
Quoting TheGeneral
The last upward swings on the lower timeframes (10 and 15 minutes) shows clear signs of weakness. Personally am looking for short opportunities at the moment..
simply stuck in the middle , I can't go in either. this is the risky moment where there is no clear direction.
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  • #277,899
  • Apr 28, 2011 11:42pm Apr 28, 2011 11:42pm
i think its maybe go bullish waiting for energy to push up and up...
be patient, self-belief and discipline... stay focus...
  • #277,900
  • Apr 28, 2011 11:50pm Apr 28, 2011 11:50pm
Quoting radit27
i think its maybe go bullish waiting for energy to push up and up...
after 15 mins if GU never break 16668. it will be potentially Bearish.
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