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Cable Update (GBPUSD)

  • #278,121
  • May 3, 2011 6:37am May 3, 2011 6:37am
Quoting redbeben
still here still with the same view


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.
so what is the move within this 5-9weeks period? ups and downs between 1.645 to 1.665 ?
  • #278,122
  • May 3, 2011 6:37am May 3, 2011 6:37am
Quoting redbeben
good call
tks,
sincerely im doubting of it.....
hopefully i will close half in 6510
90% of traders use TA, indicators and prediction
  • #278,123
  • May 3, 2011 6:50am May 3, 2011 6:50am
Quoting sphinx8
so what is the move within this 5-9weeks period? ups and downs between 1.645 to 1.665 ?
I hope not I hope we will see a down trend with ups and down but a trend not a range

I will tell you more when I see more but for now I can only see those big TFS

I can see a pullback now of 100-120 pips.I cannot confirm if it started already or it will start lower.
all indies show oversold so....
  • #278,124
  • May 3, 2011 7:05am May 3, 2011 7:05am
ok.
short here TGT 6430?
90% of traders use TA, indicators and prediction
  • #278,125
  • Edited 7:21am May 3, 2011 7:19am | Edited 7:21am
there is something wrong for me.
last time 1st april manufactury PMI was lower than previous.
but price did not see such a down.

there is something else moving gbp lower.
WHAT??

maybe eur/gbp is the answer.
90% of traders use TA, indicators and prediction
  • #278,126
  • May 3, 2011 7:37am May 3, 2011 7:37am
Quoting _BBKing_
there is something wrong for me.
last time 1st april manufactury PMI was lower than previous.
but price did not see such a down.

there is something else moving gbp lower.
WHAT??

maybe eur/gbp is the answer.
You will maybe find answer here:

http://www.bloomberg.com/news/2011-0...e-october.html
  • #278,127
  • May 3, 2011 7:38am May 3, 2011 7:38am
Quoting _BBKing_
ok.
short here TGT 6430?
will the Bear go until Asia Session ?
{Promotion Removed}
  • #278,128
  • May 3, 2011 7:40am May 3, 2011 7:40am
Quoting thejerry
You will maybe find answer here:

http://www.bloomberg.com/news/2011-0...e-october.html

tks
90% of traders use TA, indicators and prediction
  • #278,129
  • May 3, 2011 7:42am May 3, 2011 7:42am
Quoting Mrleeforex
will the Bear go until Asia Session ?
hard to say...
i have a long 6488
will close hopefully in 6490
then i go for a walk n for an icecream.
will come back today late or tomorrow.
90% of traders use TA, indicators and prediction
  • #278,130
  • May 3, 2011 7:55am May 3, 2011 7:55am
Whatsupp, been short since 1.6475. Yes, I am aware I'm selling straight to the BB's and its going to go up lol

My graphs tell me I'm gona get a sneaky 30 pips in before it turns up though. Still trying to test Red's badboy system and incorparate it with mine so it could be completely wrong

On my 5 m theres background selling and other stuff saying sell. So I sold a while ago...

H4 is saying buy buy buy buy, at least till 1.655 . I mean, if it doesn't at least test that level, somethings wrong with the world.

Red I'll email you later mate, got a few questions (Y)
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  • #278,131
  • May 3, 2011 7:57am May 3, 2011 7:57am
Quoting _BBKing_
hard to say...
i have a long 6488
will close hopefully in 6490
then i go for a walk n for an icecream.
will come back today late or tomorrow.
There is your 6490 BBKing.
Life is about choosing... Long or Short... Discipline and consistency
  • #278,132
  • May 3, 2011 8:01am May 3, 2011 8:01am
Quoting thejerry
You will maybe find answer here:

http://www.bloomberg.com/news/2011-0...e-october.html

according to this last rates release price touched 6310 before a reaction

i think we will see soon same level.
90% of traders use TA, indicators and prediction
  • #278,133
  • May 3, 2011 8:02am May 3, 2011 8:02am
Quoting KyoOishi
There is your 6490 BBKing.
yes closed half 6492
lets see if my greedy let me get half position to 6510
90% of traders use TA, indicators and prediction
  • #278,134
  • May 3, 2011 8:09am May 3, 2011 8:09am
Quoting _BBKing_
yes closed half 6492
lets see if my greedy let me get half position to 6510
SL @BEP
Attached Image
90% of traders use TA, indicators and prediction
  • #278,135
  • May 3, 2011 8:12am May 3, 2011 8:12am
Quoting _BBKing_
according to this last rates release price touched 6310 before a reaction

i think we will see soon same level.
time to buy some for the moment IMHO.
Hero calls followed by margin calls...
  • #278,136
  • May 3, 2011 8:12am May 3, 2011 8:12am
Quoting _BBKing_
SL @BEP
once we close above 1.6498 we go to 1.654
once we pass this 1.6545 we go to 1.6570

and then down again

pullback of 100-120 pips from the whole down move.

just eye calculation nothing special here
let's see if we saw the bottom already
  • #278,137
  • May 3, 2011 8:18am May 3, 2011 8:18am
Quoting redbeben
I'm gonna buy @ 1.6557 TP 1.6577 and TP 2 1.66
moved TP 2 at 1.659
  • #278,138
  • May 3, 2011 8:21am May 3, 2011 8:21am
Quoting PhAnTi'
time to buy some for the moment IMHO.
hello
tks
i bought 6488 before the down to 6466
now i let tight stoploss n TGT will decide based on where closes this h1 candle
90% of traders use TA, indicators and prediction
  • #278,139
  • May 3, 2011 8:23am May 3, 2011 8:23am
Quoting redbeben
moved TP 2 at 1.659
you think with this scenario will get again above 6550?
90% of traders use TA, indicators and prediction
  • #278,140
  • May 3, 2011 8:26am May 3, 2011 8:26am
even tho i dont use harmonic patterns find them 70% success rate. Long signal on gu
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