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Cable Update (GBPUSD)

  • #279,541
  • May 18, 2011 5:10pm May 18, 2011 5:10pm
where is everybody? BB....Red....TT.....PT.... ? )

need to decide how to set up for the ninjas..... will they attack more down or take the profit up?
  • #279,542
  • May 18, 2011 5:15pm May 18, 2011 5:15pm
Quoting sphinx8
where is everybody? BB....Red....TT.....PT.... ? )

need to decide how to set up for the ninjas..... will they attack more down or take the profit up?

I just opened a Long here for GBPUSD......I'm hoping asia will pick up with Risk and buy back some of the pounds losses. Else I will stop loss out.

I expect it to climb above 1.62 though again before dropping through 1.61
  • #279,543
  • May 18, 2011 5:33pm May 18, 2011 5:33pm
Quoting lolygagv2
I just opened a Long here for GBPUSD......I'm hoping asia will pick up with Risk and buy back some of the pounds losses. Else I will stop loss out.

I expect it to climb above 1.62 though again before dropping through 1.61
yup I think so
  • #279,544
  • May 18, 2011 6:45pm May 18, 2011 6:45pm
Quoting netfrofit
yup I think so


Hi There,
I also have 1.6131 hoping for 1.6213 , SL 1.6213
*finger crossed , It will come to that 1.62 anytime soon.
  • #279,545
  • May 18, 2011 7:17pm May 18, 2011 7:17pm
hi all,

after reach 1.62xx, will it still goes down or time for uptrend to 1.63xx?
"sharing knowledge make us more rich"
  • #279,546
  • May 18, 2011 7:58pm May 18, 2011 7:58pm
Quoting st.forex4677
Hi There,
I also have 1.6131 hoping for 1.6213 , SL 1.6213
*finger crossed , It will come to that 1.62 anytime soon.
EUR vs GBP .... GBP now very weak .. maybe GU can reach around 180>195
& turn ..
  • #279,547
  • Edited 8:25pm May 18, 2011 8:10pm | Edited 8:25pm
hi guys,

based on yesterday high, low & close data, i hav calculate the pivot point...

r3=16543
r2=16362
r1=16255
pivot=16181
s1=16074
s2=16000
s3=15819

currently this pair still ranging below pivot point...

looking forward to add more short entry...

cheers...
Peace Yo!
  • #279,548
  • May 18, 2011 8:21pm May 18, 2011 8:21pm
Quoting mrluckystar
hi guys,

based on yesterday high, low & close data, i hav calculate the pivot point...

r3=16577
r2=16396
r1=16323
pivot=16215
s1=16142
s2=16034
s3=15853

currently this pair still ranging below pivot point...

looking forward to add more short entry...

cheers...
yes pending sellimit at 6190
  • #279,549
  • May 18, 2011 8:34pm May 18, 2011 8:34pm
hi, would you like to share why USD so strong and GBP so weak based on fundamental?

which is stronger in term of economy fundamental? UK or USA?
"sharing knowledge make us more rich"
  • #279,550
  • May 18, 2011 8:35pm May 18, 2011 8:35pm
Quoting Wulfgar
I agree... with less liquidity the market will whip around much more...

good advice to be careful about profit taking tmmrw and friday


Also I really wouldnt be suprised to see the GU fall back into the previous channel betweek 1.6044 and 1.6426 area considering the fact that the Uk has just as many problems as the US does and the stance of the BOE on raising rates hasnt budged due to poor economic reports

personally i wont enter a trade most likely until after the fed adress next week. that should show some awesome movement
^^^ posted on April 21st


6044 is an absolutely monster area. If it is breached and closed under this month we will likely see a move back down into the 1.4's

Ill be building a long position from the 5955- 6044 channel with a SL below 5885...
  • #279,551
  • May 18, 2011 11:39pm May 18, 2011 11:39pm
hi guys,

something to share...

daily pivot: 16181
weekly pivot: 16279
monthly pivot: 16471

cheers...
Peace Yo!
  • #279,552
  • May 19, 2011 12:04am May 19, 2011 12:04am
Good day to you,

Got my long picked up @ 1.6147 again. Maybe we can go and visit 1.6250 - 1.6270 as a target on my 4hr. Will see. Have a buy limit @ 1.6100 as well.

Going out for the rest of the day. All the best to you

Trade well
Attached Image (click to enlarge)
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  • #279,553
  • May 19, 2011 12:16am May 19, 2011 12:16am
looks like it fail to clean break daily pivot..

south again?
Peace Yo!
  • #279,554
  • May 19, 2011 12:20am May 19, 2011 12:20am
i think to goes to 250 is still weak
"sharing knowledge make us more rich"
  • #279,555
  • May 19, 2011 12:40am May 19, 2011 12:40am
Quoting rullyforex
i think to goes to 250 is still weak
1.6090
1.6060
1.5990
  • #279,556
  • May 19, 2011 1:06am May 19, 2011 1:06am
It's a difficult one today guys. Don't know yet what the markets going to do. It's messy. Pending orders are the best option.
  • #279,557
  • May 19, 2011 1:36am May 19, 2011 1:36am
good morning evening
yesterday had a busy day
i read some previous posts but are a lot of pages... gosh

finally went 6180-90
this thing is still in down trend channel h1+h4

but sincerely we are very near strong support area.
today i would be careful on shorting it
if we see below 6100, there is 6090 n 6060 n 6000: these are strong weekly levels price won't cross all them straight.

if goes up, once brake downward h1+h4 channel will come back to confirm it as support.

today looks like better watch it rather than trade it.
lets see what happens
Attached Image (click to enlarge)
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90% of traders use TA, indicators and prediction
  • #279,558
  • May 19, 2011 1:39am May 19, 2011 1:39am
Quoting TauTrader
Good day to you,

Got my long picked up @ 1.6147 again. Maybe we can go and visit 1.6250 - 1.6270 as a target on my 4hr. Will see. Have a buy limit @ 1.6100 as well.

Going out for the rest of the day. All the best to you

Trade well
good day,
sorry if i ask, where is your SL? below 6000?
90% of traders use TA, indicators and prediction
  • #279,559
  • May 19, 2011 1:44am May 19, 2011 1:44am
Good day to you,

It's a question of patience... getting the best possible entry for the trip.

Mark the SR levels and play devil's advocate. Think about how "they" will want to deceive you. And play the same game.
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  • #279,560
  • May 19, 2011 1:47am May 19, 2011 1:47am
Quoting _BBKing_
good day,
sorry if i ask, where is your SL? below 6000?
Good day to you,

Looking at 1.6040. 1/3 entry was in @ 1.6147. Buy limit @ 1.6100 (1/3) and added another buy limit @ 1.6080( 1/3), as I have to leave town.

Hope these get triggered.

Regards
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