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Cable Update (GBPUSD)

  • #278,141
  • May 3, 2011 8:37am May 3, 2011 8:37am
Quoting _BBKing_
you think with this scenario will get again above 6550?

Good evening sir,

In my opinion if she was still possible after the U.S. news ,will be at 9 pm (my local time) GU going to test at 1.6455 and then rebound to around 1.6550 or 1.6573 max or S3 to continue to the next one tomorrow 1,6390 and 1.6300. Or he will go directly to S3 first and then sit under 1.6500. I see this from the candle formation that was formed in H4. How do you think sir? Thank you.


Best Regards

San
  • #278,142
  • May 3, 2011 8:53am May 3, 2011 8:53am
Quoting GBP Trader
Good evening sir,

In my opinion if she was still possible after the U.S. news ,will be at 9 pm (my local time) GU going to test at 1.6455 and then rebound to around 1.6550 or 1.6573 max or S3 to continue to the next one tomorrow 1,6390 and 1.6300. Or he will go directly to S3 first and then sit under 1.6500. I see this from the candle formation that was formed in H4. How do you think sir? Thank you.


Best Regards

San
good evening,
as posted im long 6488 already closed half position 6492 coz i dont trust anymore we will see above 6500 today.
now usa data comes in few minutes, lets see if there is a reaction.
levels to see are 6465 6430 - 6510 6530
90% of traders use TA, indicators and prediction
  • #278,143
  • May 3, 2011 8:54am May 3, 2011 8:54am
Quoting _BBKing_
you think with this scenario will get again above 6550?
1.6577 was my target before the news and I still have that trade open

a S line was at 1.6584-85 and KS is at 1.6591
a flat KS always attracts price

RSI,stochs oversold + H4 strength is fading away as after such a sell cross we need the market to pull back.ichi means equilibrium afterall

so...I expect a pullback to that level first 6577 second 90.If I don't feel confident at 77 i will close all at that level

Also USD lost a bit of strength

at 1.657-9 level I will sell again
  • #278,144
  • May 3, 2011 8:58am May 3, 2011 8:58am
Quoting bonus76
even tho i dont use harmonic patterns find them 70% success rate. Long signal on gu
Hi, your pattern is using indi or you do manual? I'm using indi my graph still did show any pattern.
  • #278,145
  • May 3, 2011 9:03am May 3, 2011 9:03am
Quoting redbeben
1.6577 was my target before the news and I still have that trade open

a S line was at 1.6584-85 and KS is at 1.6591
a flat KS always attracts price

RSI,stochs oversold + H4 strength is fading away as after such a sell cross we need the market to pull back.ichi means equilibrium afterall

so...I expect a pullback to that level first 6577 second 90.If I don't feel confident at 77 i will close all at that level

Also USD lost a bit of strength

at 1.657-9 level I will sell again
ok tks,
now looking m30 pattern i feel a bit better on my "half position". would like to see it above 6500.

gbp jpy 134.15 strong line..... i think it is attracting price
90% of traders use TA, indicators and prediction
  • #278,146
  • May 3, 2011 9:05am May 3, 2011 9:05am
Quoting bonus76
even tho i dont use harmonic patterns find them 70% success rate. Long signal on gu
yes right...long gbpusd from now....
  • #278,147
  • May 3, 2011 9:08am May 3, 2011 9:08am
Quoting _BBKing_
ok tks,
now looking m30 pattern i feel a bit better on my "half position". would like to see it above 6500.

gbp jpy 134.15 strong line..... i think it is attracting price
GJ has to be contained by 134 line even 133.9

I will sell at 133.45-65 level with TP 132,131.4 and if we breach 131.3 127.7 and even lower 122.3-4
  • #278,148
  • May 3, 2011 9:09am May 3, 2011 9:09am
...
Attached Image (click to enlarge)
Click to Enlarge Name: gjpyh4.gif Size: 29 KB
90% of traders use TA, indicators and prediction
  • #278,149
  • May 3, 2011 9:19am May 3, 2011 9:19am
Quoting _BBKing_
...
I've been wrong allllll day on GU, I'm just selling the rallies on GJ. So if I'm selling, your buy will probs come through for you (Y)
  • #278,150
  • May 3, 2011 9:32am May 3, 2011 9:32am
excuse me can anyone tell me what are the meaning of
BEP ?
TGT ?
db ?
dt ?
  • #278,151
  • May 3, 2011 9:38am May 3, 2011 9:38am
i need a breake.
nothing good on charts for me.

closed all.
good luck will come back later
90% of traders use TA, indicators and prediction
  • #278,152
  • May 3, 2011 9:46am May 3, 2011 9:46am
looks like risk off for the rest of the day, i think i better close my GU long position from 1.648 at B/E
  • #278,153
  • May 3, 2011 10:14am May 3, 2011 10:14am
Quoting torkay77
looks like risk off for the rest of the day, i think i better close my GU long position from 1.648 at B/E
and now it goes up....i should not listen to myself
  • #278,154
  • May 3, 2011 10:14am May 3, 2011 10:14am
Quoting aura
yes right...long gbpusd from now....

not a bad call
  • #278,155
  • May 3, 2011 10:36am May 3, 2011 10:36am
Quoting _BBKing_
i need a breake.
nothing good on charts for me.

closed all.
good luck will come back later

ok ok ...
i take it with phylosophy...
Attached Image
90% of traders use TA, indicators and prediction
  • #278,156
  • May 3, 2011 10:47am May 3, 2011 10:47am
Quoting _BBKing_
you think with this scenario will get again above 6550?
stay Cool King we still heading to 6840
  • #278,157
  • May 3, 2011 11:01am May 3, 2011 11:01am
Quoting redbeben
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
red.. how did u do this? this is AWESOMELY TRUE! (at least for the bold one)

u have time machine?

pls do post more chart as i (and others rookie) would like to learn something from you...

wasaf
  • #278,158
  • May 3, 2011 11:14am May 3, 2011 11:14am
Hello
gbpusd is going up for wave 4
wait for cross the oscillator then sell for wave 5
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd m30.gif Size: 10 KB
  • #278,159
  • May 3, 2011 11:25am May 3, 2011 11:25am
Quoting _BBKing_
i need a breake.
nothing good on charts for me.

closed all.
good luck will come back later
hmmm.....you either are stressed today due to the news or you overtraded.you are not patient anymore

your trades were ok just nedeed a longer time
  • #278,160
  • May 3, 2011 11:28am May 3, 2011 11:28am
Quoting redbeben
GJ has to be contained by 134 line even 133.9

I will sell at 133.45-65 level with TP 132,131.4 and if we breach 131.3 127.7 and even lower 122.3-4
sells in place now
let's see if that line will hold the up move and drop it from now on
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