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Cable Update (GBPUSD)

  • #277,941
  • Apr 29, 2011 5:22am Apr 29, 2011 5:22am
can anyone post some chart 1hr
be patient, self-belief and discipline... stay focus...
  • #277,942
  • Apr 29, 2011 5:31am Apr 29, 2011 5:31am
i got 32 pips today, because of spike down

now i want to sit and watch royal wedding..

kate was so pretty
  • #277,943
  • Apr 29, 2011 5:32am Apr 29, 2011 5:32am
Short 6678 - 6652 manual stop, 26 pips done, now i am waiting for antoher chance about 6665
  • #277,944
  • Apr 29, 2011 5:38am Apr 29, 2011 5:38am
Please stop influence about SHORT unless we see clear Break 6000.. If Not 6850 still in Progress...Weekly Candle are Clear...
  • #277,945
  • Apr 29, 2011 6:02am Apr 29, 2011 6:02am
Quoting deryworlds
Please stop influence about SHORT unless we see clear Break 6000.. If Not 6850 still in Progress...Weekly Candle are Clear...
With all due respect sir, I only tell what I see. I never said anything about SHORT...
  • #277,946
  • Apr 29, 2011 6:32am Apr 29, 2011 6:32am
Quoting deryworlds
Please stop influence about SHORT unless we see clear Break 6000.. If Not 6850 still in Progress...Weekly Candle are Clear...
i agree
im still targetin 68 area, stops 6540.
maybe next week.
got some scalps in this range 6630-6690

i dont think we will go far today from opening price.
some moves....
90% of traders use TA, indicators and prediction
  • #277,947
  • Edited 6:55am Apr 29, 2011 6:33am | Edited 6:55am
GBPUSD is a very easy pair to trade at the moment if your trades are guided by careful planning. The reason for this is that the dollar is probably weakest currency at the moment and the pound is not performing well either. This makes the movement of the pair very predictable. For example the pair traded between 1.60000 and 1.640000 for roughly 12 weeks.

If you are a day trader, H4 is your best guide. Identify support and resistance on H4 and go to M15 to trade the range and pick up to 50 pips easily. The current moved started from 1.62500 and has risen by 500 pips when it reached 1.67500 area. The analysis is purely based on price action in conjuction with support/resistance without any indicator whatsoever.

I have two longs from 1.62500, one of them is already locked at 300 pips by the sell at 1.65500, the other is still open. I was not expecting the race to 1.6750 about two days ago. There is sell limit at 1.68500 to lock the profit at 600 pips. Both trades are about two weeks old. I am not rigid in my expectation. Depending on what happens next week, I may decided to lock profit whenever we cross 500 pips from 1.67500. On the other hand if cable reverses from here, 300 pips is guaranteed as the second trade is already on BE. This is how a trade! A few trades in a month with a target of about 300 pips and above.


See H4 and M15 charts attached.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: april - gbpusd - h4 guide.gif Size: 15 KB
Click to Enlarge Name: april - gbpusd - m15 guide.gif Size: 14 KB
  • #277,948
  • Apr 29, 2011 6:47am Apr 29, 2011 6:47am
Quoting radit27
can anyone post some chart 1hr
here you are
weekly Fibo Expansion 61.8 is .6621 (a perfect touch.
sma100 (red dotted) lies 6590 near
ema200 (white) is 6515
sma200 (white dotted) is 6500

support (not drawn here) is 6600 previous peak
Attached Image (click to enlarge)
Click to Enlarge Name: gusdh1.gif Size: 20 KB
90% of traders use TA, indicators and prediction
  • #277,949
  • Apr 29, 2011 6:54am Apr 29, 2011 6:54am
Quoting Articulate
GBPUSD is a very easy pair to trade at the moment if your trades are guided by careful planning. The reason for this is that the dollar is probably weakest currency at the moment and the pound is not performing well either. ....................................


See H4 and M15 charts attached.

very good
90% of traders use TA, indicators and prediction
  • #277,950
  • Apr 29, 2011 7:01am Apr 29, 2011 7:01am
would like to see price penetrate blu square and consolidate it
maybe it is doing right by now.
lets see
Attached Image (click to enlarge)
Click to Enlarge Name: gusdh1.gif Size: 28 KB
90% of traders use TA, indicators and prediction
  • #277,951
  • Apr 29, 2011 8:30am Apr 29, 2011 8:30am
It's still very strong bulls, I doubt we will see price lower than 6623 today...
  • #277,952
  • Apr 29, 2011 8:37am Apr 29, 2011 8:37am
Quoting 0rPhioZ
It's still very strong bulls, I doubt we will see price lower than 6623 today...
going on this way will go nowhere all today.
now i see if chicago PMI gives some moves or i leave and come back monday.
i hate range trend
90% of traders use TA, indicators and prediction
  • #277,953
  • Apr 29, 2011 8:43am Apr 29, 2011 8:43am
Quoting _BBKing_
going on this way will go nowhere all today.
now i see if chicago PMI gives some moves or i leave and come back monday.
i hate range trend
We're waiting for trigger here, if it falls apart it will really goes down like selling hotcakes.
  • #277,954
  • Apr 29, 2011 9:05am Apr 29, 2011 9:05am
Quoting _BBKing_
going on this way will go nowhere all today.
now i see if chicago PMI gives some moves or i leave and come back monday.
i hate range trend
That's a very small short lived movement, if Bernanke makes some serious remarks again bulls will probably soar to 6800.now I will take a break until Bernanke's speech.
  • #277,955
  • Apr 29, 2011 9:06am Apr 29, 2011 9:06am
Quoting 0rPhioZ
We're waiting for trigger here, if it falls apart it will really goes down like selling hotcakes.

.6622
1pip not enough.
i let longs open n stops 6540
will come back on monday.
have a good week end
bybyee
Attached Image
90% of traders use TA, indicators and prediction
  • #277,956
  • Apr 29, 2011 9:13am Apr 29, 2011 9:13am
Inserted Video


bernanke..... ?! shhhhh
90% of traders use TA, indicators and prediction
  • #277,957
  • Apr 29, 2011 10:02am Apr 29, 2011 10:02am
I guess 30TF been Confirm...Time 2 said Bye to 6600
Jokes of this weekend " New King = New Era for GBP such as 1.7xx
  • #277,958
  • Apr 29, 2011 10:23am Apr 29, 2011 10:23am
Quoting Articulate
GBPUSD is a very easy pair to trade at the moment if your trades are guided by careful planning. The reason for this is that the dollar is probably weakest currency at the moment and the pound is not performing well either.
If you refer here: http://www.fxtsp.com/tools/relative-strength-index.html and look at the 15 minute chart you will see Sterling has out performed most currencies for the second part of this month. So that is wrong.

Quoting Articulate
This makes the movement of the pair very predictable.
How come you felt the need to hedge, then, in a clear up trend?

I don't doubt you can trade, but coming here to advertise your blog spot does not impress me.
Gone to a better place
  • #277,959
  • Apr 29, 2011 10:31am Apr 29, 2011 10:31am
ok so whay are the guesses for today's close?
where the hell is the correction

all focus is on poor US but I hope soon detailed GB data will take interest ..... of the bear too
  • #277,960
  • Apr 29, 2011 10:38am Apr 29, 2011 10:38am
EU, AU, NU , all of these currencies have bearish, why is GU still Bullish ?
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