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Cable Update (GBPUSD)

  • #279,481
  • May 18, 2011 7:22am May 18, 2011 7:22am
Quoting nAVIN2007
your a good trader..it amazes me how people sell here with such confidence just because weekly is bearish ..this 60/40 in favour of a bounce back up to me..

but i need PA to show different
also much news on usd so it can go lower as well

but i think it for sure risky to short and by no means an easy trade
Thank you. A strong close below 1.6146 gives us a good flag trade. SL above flag high, TP1 is that range, TP2 is the technical target, TP3, trail it on the weekly 20sma
Gone to a better place
  • #279,482
  • May 18, 2011 7:22am May 18, 2011 7:22am
sorry a question please:
a butterfly has appeared on h1 + h4 charts.
i never used this indi this is first time.
can we consider this a good reason for a nice pullback/retrace to 6190?

(p.s. im already long based on m5 chart for a scalp to 6170)
Attached Image (click to enlarge)
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90% of traders use TA, indicators and prediction
  • #279,483
  • May 18, 2011 7:27am May 18, 2011 7:27am
Quoting _BBKing_
sorry a question please:
a butterfly has appeared on h1 + h4 charts.
i never used this indi this is first time.
can we consider this a good reason for a nice pullback/retrace to 6190?

(p.s. im already long based on m5 chart for a scalp to 6170)

I think I bought the high and sold the lows. I feel like a little piggy.
  • #279,484
  • May 18, 2011 7:29am May 18, 2011 7:29am
Quoting kaspopsicle
Hi Mr. G., your new avatar is inspirational !.
Great to see you. Cant hang....other duties call.
Hello Miss P.. been a while I hope all is well

Glad to be here again with you and others.
Best of luck to you.


Oh about avatar.. the full story is here
  • #279,485
  • May 18, 2011 7:30am May 18, 2011 7:30am
Quoting smikester
Thank you. A strong close below 1.6146 gives us a good flag trade. SL above flag high, TP1 is that range, TP2 is the technical target, TP3, trail it on the weekly 20sma
your welcome
  • #279,486
  • Edited 7:33am May 18, 2011 7:32am | Edited 7:33am
Quoting rullyforex
You are placing long to buy or to sell??? at what price??
Good day to you,

Went long - buy.

I am however closing again for +3. I think there is some more downward pressure to come. Will rather sell again at a higher price than taking the risk long.

I have to admit I have mixed charts = confusion. Going over to another pair for now.

Regards
  • #279,487
  • May 18, 2011 7:33am May 18, 2011 7:33am
bears vs bulls
round 3 larger than previous 1 n 2

still a bearish flag
Attached Image (click to enlarge)
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90% of traders use TA, indicators and prediction
  • #279,488
  • May 18, 2011 7:35am May 18, 2011 7:35am
Quoting smikester
Thank you. A strong close below 1.6146 gives us a good flag trade. SL above flag high, TP1 is that range, TP2 is the technical target, TP3, trail it on the weekly 20sma
this may show the way

incase it need to be said:- SWISSY CHART PEOPLE not cable
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  • #279,489
  • May 18, 2011 7:38am May 18, 2011 7:38am
Quoting rullyforex
You are placing long to buy or to sell??? at what price??
I'm often here but rarely comment. This question has catastrophy written all over it. Can I recommend http://www.babypips.com/
  • #279,490
  • May 18, 2011 7:41am May 18, 2011 7:41am
Quoting TauTrader
Good day to you,

Went long - buy.

I am however closing again for +3. I think there is some more downward pressure to come. Will rather sell again at a higher price than taking the risk long.

I have to admit I have mixed charts = confusion. Going over to another pair for now.

Regards
Good day to you,

  • #279,491
  • May 18, 2011 7:42am May 18, 2011 7:42am
stopped -12 the buy.
now next h1 candle will reload shorts to target lows
90% of traders use TA, indicators and prediction
  • #279,492
  • May 18, 2011 7:44am May 18, 2011 7:44am
wow, my poor longs at 1.614

hmm.. anything below 1.60 I will buy
  • #279,493
  • May 18, 2011 7:44am May 18, 2011 7:44am
Quoting SirFrancis
I'm often here but rarely comment. This question has catastrophy written all over it. Can I recommend http://www.babypips.com/
That's what I should have said. Thank you Sir!
Gone to a better place
  • #279,494
  • May 18, 2011 7:46am May 18, 2011 7:46am
Currently stick in Vietnam, and so not really posting much.

However, I'm watching cable retrace back onto a TL that I was running at the beginning of the year - link here is to post from the 1st of February:

http://www.forexfactory.com/showthre...80#post4362580

and attached chart is where we seem to be going at present on the weekly.

I'm saying longs in the short to medium term future/50 FE/ touch of the recently twisted north Guppy profile.

Erm... on the link it just so happens that I took a shot at DSK - how coincidental. Who says the forex market is not rigged, somehow, somewhere, by somebody...
Attached Image (click to enlarge)
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Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #279,495
  • May 18, 2011 7:46am May 18, 2011 7:46am
I will be waiting until tomorrow to short off the Asian/London retrace down to Daily 200ema and weekly trendline
  • #279,496
  • May 18, 2011 7:47am May 18, 2011 7:47am
london bridge is falling down~
falling down~
falling down~

where's next support? 1.60?
  • #279,497
  • May 18, 2011 7:47am May 18, 2011 7:47am
If we come back to test I'll be adding.
Gone to a better place
  • #279,498
  • May 18, 2011 7:52am May 18, 2011 7:52am
Quoting wasaf
london bridge is falling down~
falling down~
falling down~

where's next support? 1.60?
Yep
  • #279,499
  • May 18, 2011 7:54am May 18, 2011 7:54am
Quoting 45Condor
Currently stick in Vietnam, and so not really posting much.

However, I'm watching cable retrace back onto a TL that I was running at the beginning of the year - link here is to post from the 1st of February:

http://www.forexfactory.com/showthre...80#post4362580

and attached chart is where we seem to be going at present on the weekly.

I'm saying longs in the short to medium term future/50 FE/ touch of the recently twisted north Guppy profile.

Erm... on the link it just so happens that I took a shot at DSK - how coincidental....
Hey, Condor we don't see you much here. Or weekly charts for that matter. By short to medium term future do you mean weeks and months, as you have posted a weekly chart?
Gone to a better place
  • #279,500
  • May 18, 2011 8:00am May 18, 2011 8:00am
hi there
can someone pm me and advise me as im 1k down with £8 per point with only 3k left ? i am buying by the way, i dont no weather to keep the trade and wait or get rid?
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