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Cable Update (GBPUSD)

  • #278,961
  • May 11, 2011 6:44pm May 11, 2011 6:44pm
Quoting Shakeout
I was bullish, but after that 200 pip up.. 200 pip down and the look of that daily candle close, big pin closing near the lows. Looks like sellers, but we shall see.
I agree, the daily 200ema looks like a logical target
  • #278,962
  • May 11, 2011 8:59pm May 11, 2011 8:59pm
Quoting Shakeout
I was bullish, but after that 200 pip up.. 200 pip down and the look of that daily candle close, big pin closing near the lows. Looks like sellers, but we shall see.
But on the other hand, who knows, they know how to control the market and trap us all, price returns to this level and has been for a few days now. They could be loading up longs again. Gona be an interesting end to the week for sure. Short term I'm unsure... Long term as is obvious. I'm bullish anything over the dollar.
  • #278,963
  • May 11, 2011 9:08pm May 11, 2011 9:08pm
Quoting Mehran
As long as it stays over 1.62540 by I am Bullish, its still in the daily channel.

Hi,

nice daily chart channel, Agree with you on LONG...
if break 16270..... we could see 16100 and next 15935...

just my 2 cent....
Peace Yo!
  • #278,964
  • May 11, 2011 10:23pm May 11, 2011 10:23pm
Damn instaforex, I can't open any single order this time...
I've tried 6 times and always rejected.
Even using my smartphone or even using my pc...

They told me about singapore server problem...
Damn...
  • #278,965
  • May 11, 2011 11:04pm May 11, 2011 11:04pm
No trade for this pair...
still waiting for the clear signal....

LONG --> is depend on today daily CS close...
SHORT --> if break 16260/50....

Anyone.... any idea for this pair?

cheers!
Peace Yo!
  • #278,966
  • May 11, 2011 11:07pm May 11, 2011 11:07pm
While taking a break before the big move, I want to ask if you know about any good thread regarding trading the news ?
  • #278,967
  • May 11, 2011 11:23pm May 11, 2011 11:23pm
Quoting mrluckystar
No trade for this pair...
still waiting for the clear signal....

LONG --> is depend on today daily CS close...
SHORT --> if break 16260/50....

Anyone.... any idea for this pair?

cheers!
Agree with you, it's still pretty much flat for the moment. I'd rather have a cup of coffee while reading trading materials.
  • #278,968
  • May 11, 2011 11:53pm May 11, 2011 11:53pm
Quoting 0rPhioZ
Agree with you, it's still pretty much flat for the moment. I'd rather have a cup of coffee while reading trading materials.
I think it will be bearish until the end of Asia Session. and we shall see if there is reversal trend starting from there
{Promotion Removed}
  • #278,969
  • May 12, 2011 12:14am May 12, 2011 12:14am
Quoting 0rPhioZ
Agree with you, it's still pretty much flat for the moment. I'd rather have a cup of coffee while reading trading materials.

Crude oil was drop to 98USD per barrel for yesterday trading...
its make USD stronger...

it means that oil always affected USD...

someone said, that Oil price will drop further....

any comment on this matter is appreciated....
Peace Yo!
  • #278,970
  • May 12, 2011 12:26am May 12, 2011 12:26am
Short signal in place with support zone eyed at 1.6280 and 1.6169 levels
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 21 KB
  • #278,971
  • May 12, 2011 12:33am May 12, 2011 12:33am
Hi good morning to all. yesterday was a mind blowing day to those had a long and short both could win. lets see what today bring. since it flow from the flag pattern yesterday it retest the upper channel of the flag and tends to move up.
For today range will be the 130+ here its a plan. Looking for a 6310 to support if it does not hold the 6270 will hold. the upper side 6420 will be the cap. i will look for those level to enter. please share ur views with this. Thanks in advance.
Attached Image (click to enlarge)
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  • #278,972
  • May 12, 2011 1:42am May 12, 2011 1:42am
Hold shorts until 38.2% retrace on daily probably get their this session if next GBP news is not good. Then looking for continuance to the Daily 200ema which is sitting right at 50% retrace at around 6050.

Anyone any ideas?
  • #278,973
  • May 12, 2011 1:51am May 12, 2011 1:51am
Does anyone see this H&S pattern too?
Attached Image (click to enlarge)
Click to Enlarge Name: GU.jpg Size: 149 KB
Life is about choosing... Long or Short... Discipline and consistency
  • #278,974
  • May 12, 2011 1:58am May 12, 2011 1:58am
38.2 retrace around 6220 by the way
  • #278,975
  • May 12, 2011 2:25am May 12, 2011 2:25am
Sorry, what is an H & S pattern?
  • #278,976
  • May 12, 2011 2:28am May 12, 2011 2:28am
head and shoulders
  • #278,977
  • May 12, 2011 2:33am May 12, 2011 2:33am
this is my h4 chart
still bought 6300 6290

loosing red+black+maroon lines = crash to 61 area
if not will go again in 64 area
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gusdh4.gif Size: 27 KB
Click to Enlarge Name: gusdh42.gif Size: 30 KB
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  • #278,978
  • May 12, 2011 2:35am May 12, 2011 2:35am
Quoting jmtini
Sorry, what is an H & S pattern?
Head and Shoulder
Life is about choosing... Long or Short... Discipline and consistency
  • #278,979
  • May 12, 2011 2:35am May 12, 2011 2:35am
I kinda see the h&s here, but don't like the look of it got to wait till after news, prefer the way EU looks for a break.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.gif Size: 28 KB
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  • #278,980
  • May 12, 2011 2:38am May 12, 2011 2:38am
Quoting _BBKing_
this is my h4 chart
still bought 6300 6290

loosing red+black+maroon lines = crash to 61 area
if not will go again in 64 area
Tight stop would be great for safety around 6275
Life is about choosing... Long or Short... Discipline and consistency
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