The dollars awful,
The pounds awful,
The pounds less awful,
Buy the pound.
Ill buy again at 4529.. or if we retest the 4426 ill add long
Cable Update (GBPUSD)
- #278,101
- May 3, 2011 4:18am May 3, 2011 4:18am
- Joined Apr 2011 | Status: That the best u can do, u pansies? | 6,087 Posts
- #278,105
- May 3, 2011 4:56am May 3, 2011 4:56am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #278,106
- May 3, 2011 5:00am May 3, 2011 5:00am
any estimates for the "bottom" of this drop over few more days/weeks before the final uprun again?
But thats assuming that you're correct in assuming there will be a 'final' run up and that the trend is not reversing and is still in an upward movement.
- #278,107
- May 3, 2011 5:02am May 3, 2011 5:02am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Well it could be here, or 1.64334 or 1.6384 or even 1.6327. Hope that helps
But thats assuming that you're correct in assuming there will be a 'final' run up and that the trend is not reversing and is still in an upward movement.
same levels here
i see 6460, 6425(stronger) and the 6380 (...still waitin for it since last week)
lets see
90% of traders use TA, indicators and prediction
- #278,109
- May 3, 2011 5:12am May 3, 2011 5:12am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #278,110
- May 3, 2011 5:16am May 3, 2011 5:16am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
It's currently SHORT for now (I'm not good at analysis for longer time frame), we'll need to see US session before confirmation of the whole picture. I'd say that bank holidays have pretty much messed the chart for reading or probably my mind is currently exhausted. Either factor contribute to my loss today.
im sorry for your loss
i hope yuo will get them back soon
i also had a long SL 6540.... not a loss but a non profit...
now i stay out for a while
90% of traders use TA, indicators and prediction
- #278,112
- May 3, 2011 5:21am May 3, 2011 5:21am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #278,113
- May 3, 2011 5:26am May 3, 2011 5:26am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Yeah I know.
I was expecting it to go up.
I have to follow my trading system. And the price fall sharp right before the news came.
Out of expectation. That's why I said I am so lucky.
yes looking at charts price crashed lot of time before news
this thing confirm what i always see.... price driven before news some times in one way some times in other way. so we go out confused n loose money.
i was expectin some pullback near 6600 at news release.
lets see what happens now
90% of traders use TA, indicators and prediction
- #278,114
- May 3, 2011 5:32am May 3, 2011 5:32am
im sorry for your loss
i hope yuo will get them back soon
i also had a long SL 6540.... not a loss but a non profit...
now i stay out for a while
- #278,115
- May 3, 2011 5:44am May 3, 2011 5:44am
- Joined Jul 2007 | Status: Trader | 5,392 Posts
ex member
- #278,116
- May 3, 2011 6:00am May 3, 2011 6:00am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Precipitous drop so far today has breeched the steepest 4hr ascending trend line aided by that Uk Pmi data but a good example too of the congestion 2nd breakout technique..ie price saw a 1st b/o of the recent 1hr congestion a pullback to the bottom 1/2 of it and then the truer 2nd b/o.
Current 1hr near-term screenshot is below. The current Daily Lo is around the Monthly Pivot area. Under current daily lo is the previous 1hr x3/4hr x2/daily swing lo zone leading down to 6430, and there are 3 unbreeched fibs of the main 4hr/daily swings up to the...
as usually a good expalnation!
happy to see you here again!
90% of traders use TA, indicators and prediction
- #278,117
- May 3, 2011 6:10am May 3, 2011 6:10am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
tks for the +2V
90% of traders use TA, indicators and prediction
- #278,118
- May 3, 2011 6:12am May 3, 2011 6:12am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #278,119
- May 3, 2011 6:20am May 3, 2011 6:20am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
still here still with the same view
'' Posted Apr 27, 2011
my last TP up is 1.67 it's close enough to 1.675 level and I could not care less for the 50 pips more I would like the 1.7 level but I doubt it will happen now.one more week and in may we might see it down to 1.55 still I want my 1.6380 noooowwwww
)
Posted Apr 27, 2011
in one week we should touch the 1.67 level. 7 weeks ago I said this would happen.but that week when 1.67 should be touched needed to be next week not this one.... after that level we will go first down 600 pips I need a time span of 5-9 weeks for the price to reach the 1.57-58 level
''
so far we have 300 pips down
pullback and resume down trend before going up to 1.72
i will watch lower levels to see if we will go to 1.55 in this move or not.remember we will need some 5-9 weeks to reach such level as we are talking about 1200 pips down.
GJ on the right track as I said down it goes and if we brake 131.34 level in the next 2-3 days we will see 127.50 and lower 122.3 .....
pullback on this one as well
EU still has to go up to 1.50-51 as the rise is not done yet.
I don't know about the pullback we will have now but I guess it will not keep up with GU as it has 3-4 weeks left for the 1.50-51 so if GU goes down that long EU would have to stop somewhere at 1.41 as a bottom and resume....but it is complicated.
anyway I had a sell in place since 1.6580 from thursday that was closed today with 100 pips on profit
we'll see what the BOE will bring us but I doubt it now we will have a raise.
now it makes more sense the fall...
here it is -I was hoping for a fall last week before hitting 1.67 this week as thought a raise would just pop up GU to 1.67 and the raise will just destroy the uk economy
but as I see it now we popped up to 1.67 one week before and now bad news mean no raise and no raise means further down ...
any ideas ?
'' Posted Apr 27, 2011
my last TP up is 1.67 it's close enough to 1.675 level and I could not care less for the 50 pips more I would like the 1.7 level but I doubt it will happen now.one more week and in may we might see it down to 1.55 still I want my 1.6380 noooowwwww
)Posted Apr 27, 2011
in one week we should touch the 1.67 level. 7 weeks ago I said this would happen.but that week when 1.67 should be touched needed to be next week not this one.... after that level we will go first down 600 pips I need a time span of 5-9 weeks for the price to reach the 1.57-58 level
''
so far we have 300 pips down
pullback and resume down trend before going up to 1.72
i will watch lower levels to see if we will go to 1.55 in this move or not.remember we will need some 5-9 weeks to reach such level as we are talking about 1200 pips down.
GJ on the right track as I said down it goes and if we brake 131.34 level in the next 2-3 days we will see 127.50 and lower 122.3 .....
pullback on this one as well
EU still has to go up to 1.50-51 as the rise is not done yet.
I don't know about the pullback we will have now but I guess it will not keep up with GU as it has 3-4 weeks left for the 1.50-51 so if GU goes down that long EU would have to stop somewhere at 1.41 as a bottom and resume....but it is complicated.
anyway I had a sell in place since 1.6580 from thursday that was closed today with 100 pips on profit
we'll see what the BOE will bring us but I doubt it now we will have a raise.
now it makes more sense the fall...
here it is -I was hoping for a fall last week before hitting 1.67 this week as thought a raise would just pop up GU to 1.67 and the raise will just destroy the uk economy
but as I see it now we popped up to 1.67 one week before and now bad news mean no raise and no raise means further down ...
any ideas ?
- #278,120
- May 3, 2011 6:22am May 3, 2011 6:22am
- | Commercial User | Joined Feb 2010 | 2,739 Posts