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Cable Update (GBPUSD)

  • #279,601
  • May 19, 2011 6:12am May 19, 2011 6:12am
Quoting nAVIN2007
i told sit on yur hands..
naah I'm da player small pips

but will load big if it drops today
  • #279,602
  • May 19, 2011 6:14am May 19, 2011 6:14am
Possible aggressive short at 6224, 61.8 retrace from todays highs and base of H&S.
Attached Image (click to enlarge)
Click to Enlarge Name: agressive short.gif Size: 17 KB
  • #279,603
  • May 19, 2011 6:17am May 19, 2011 6:17am
Quoting Phil Warran
Possible aggressive short at 6224, 61.8 retrace from todays highs and base of H&S.
I mean highs 2 days ago
  • #279,604
  • May 19, 2011 6:23am May 19, 2011 6:23am
Quoting josef
What is going on with GU this week?
My view from divergence perspective.

Hopefully can help
Attached Image (click to enlarge)
Click to Enlarge Name: divgu-1905.gif Size: 21 KB
  • #279,605
  • May 19, 2011 6:26am May 19, 2011 6:26am
Quoting gsantri
My view from divergence perspective.

Hopefully can help
Thank you for your opinion!
  • #279,606
  • May 19, 2011 6:33am May 19, 2011 6:33am
Quoting gsantri
My view from divergence perspective.

Hopefully can help
  • #279,607
  • May 19, 2011 7:02am May 19, 2011 7:02am
I doubt any resposible Trades will be taken today and probably not tomorrow either.
  • #279,608
  • May 19, 2011 7:15am May 19, 2011 7:15am
Quoting iqyu5an
How you're doin' Bro ? long time no 'see..
Hope all is well with you.



Ind: kamana wae ateuhhh ngampleng
  • #279,609
  • May 19, 2011 7:22am May 19, 2011 7:22am
Omg, it's going down! up and down, up an down and all the way around!!!
  • #279,610
  • May 19, 2011 8:10am May 19, 2011 8:10am
Hi all

It's been falling down to and then bouncing off support level around 6150

This time I thought it might break through.

Trade Idea Update: GBP/USD –Buy at 1.6070
Candlesticks and Ichimoku Intraday | Written by Action Forex | May 19 11 09:51 GMT
Despite intra-day brief retreat to 1.6130, as the British pound has rebounded, suggesting further consolidation above yesterday’s low at 1.6105 would take place and recovery to 1.6200 cannot be ruled out, however, break there is needed to remove downside risk of one more fall and bring retracement to the Ichimoku cloud area (now at 1.6232-51)
  • #279,611
  • May 19, 2011 8:12am May 19, 2011 8:12am
Quoting wormboy
Bias remains bearish, however the intraday had been flat.
Wait for the close above or below the day open/pivot before taking any trades.

Good luck

Breakout south looming by the looks of things.
Attached Images
Thank You
  • #279,612
  • May 19, 2011 8:16am May 19, 2011 8:16am
Funny enough, I see a rising trendline from yesterday's low.

See my M30 chart:
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd m30.gif Size: 18 KB
  • #279,613
  • May 19, 2011 8:20am May 19, 2011 8:20am
Quoting wormboy
Breakout south looming by the looks of things.

hopefully....
Peace Yo!
  • #279,614
  • May 19, 2011 8:22am May 19, 2011 8:22am
Quoting josef
Omg, it's going down! up and down, up an down and all the way around!!!
It will probably continue to do so for the rest of the week ....
  • #279,615
  • May 19, 2011 8:24am May 19, 2011 8:24am
What the hell!!!

I'm confused by GBPUSD chart today!!
  • #279,616
  • May 19, 2011 8:27am May 19, 2011 8:27am
Quoting mrluckystar
hopefully....
I bet if you were to reverse your trade, then it will drop like a stone ....
  • #279,617
  • May 19, 2011 8:28am May 19, 2011 8:28am
Quoting Schminner
I bet if you were to reverse your trade, then it will drop like a stone ....
Peace Yo!
  • #279,618
  • May 19, 2011 8:36am May 19, 2011 8:36am
Quoting Skywalk3rz
What the hell!!!

I'm confused by GBPUSD chart today!!

Only today Skywalk? I'm confused everyday!

Well, my rising trendline was correct however as we're most definately still in a downtrend I just can't see this correction going much higher then 6220/30 however I got an email from firepips this morning suggesting that we could be going back to 6700 !!!

rgds
  • #279,619
  • May 19, 2011 8:36am May 19, 2011 8:36am
This pair is very unstable today. Both GBP and USD are getting stronger and I already got stopped out twice for my SHORT, but still no LONG for me now.
  • #279,620
  • May 19, 2011 8:43am May 19, 2011 8:43am
Quoting jmtini
Funny enough, I see a rising trendline from yesterday's low.

See my M30 chart:

Look again
HTF is boss.
Attached Image (click to enlarge)
Click to Enlarge Name: gu4.png Size: 28 KB
Thank You
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