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Cable Update (GBPUSD)

  • #279,681
  • May 19, 2011 3:55pm May 19, 2011 3:55pm
Quoting sphinx8
I offer half my +pips for answer if we go back to 1.61 - 1.60 levels from here or not anymore ))))))))))))))
hello,
it is all possible.
follow the market: he is always right
price supported nicely by a trend line in m15-m30
look if breakes and closes candle below it, will give time for a fast scalp 10-20 pips
byybe
90% of traders use TA, indicators and prediction
  • #279,682
  • May 19, 2011 3:58pm May 19, 2011 3:58pm
Quoting _BBKing_
hello,
it is all possible.
follow the market: he is always right
price supported nicely by a trend line in m15-m30
look if breakes and closes candle below it, will give time for a fast scalp 10-20 pips
byybe
well would prefer more "serious" traden than 10pip scalp.....
I do those as well but need to focus my nerves for longterm as well
  • #279,683
  • May 19, 2011 3:59pm May 19, 2011 3:59pm
Have buy limit order at 16205

Have buy stop at 16250


both TP at 16290


rgds
  • #279,684
  • May 19, 2011 4:08pm May 19, 2011 4:08pm
waitning for close above 1.63 before Longing for 167 or so
  • #279,685
  • May 19, 2011 4:11pm May 19, 2011 4:11pm
just a minute a go my spread almost 10 pips, becareful...
I will be the number one Manager.
  • #279,686
  • May 19, 2011 6:09pm May 19, 2011 6:09pm
Quoting Phil Warran
waitning for close above 1.63 before Longing for 167 or so
my broker GMT -2 today open below yesterday open ... consider SELL
Attached Image
  • #279,687
  • May 19, 2011 6:17pm May 19, 2011 6:17pm
so, today GBP?USD will go up or go down?
"sharing knowledge make us more rich"
  • #279,688
  • May 19, 2011 7:19pm May 19, 2011 7:19pm
Quoting jmtini
Have buy limit order at 16205

Have buy stop at 16250


both TP at 16290


rgds
look good
  • #279,689
  • May 19, 2011 7:56pm May 19, 2011 7:56pm
hi guys,

today pivot and S&R based on yesterday hi/lo & open...

r2: 16312
r1: 16274
Pivot: 16204
s1: 16166
s2: 16096

interesting point is, r1 and weekly pivot almost at the same point (16274/79)...

IMO if this level is taken out, bull is back in the house.... and might testing another level at weekly R1 & monthly pivot (16413/71)

peace....
Peace Yo!
  • #279,690
  • May 19, 2011 9:10pm May 19, 2011 9:10pm
Quoting netfrofit
my broker GMT -2 today open below yesterday open ... consider SELL
Yes I am tempted to sell and buy off the retrace and until very recently this was my go, but after the last 3 months or so, I have taken to trendline breaks and/or taking out recent highs and lows before trading. When I look on different timeframes, it is hard to digest if the price movement is a retrace or a new trend direction starting. Going forward, I am committed to taking fewer trades after confirmation and minimising my number of losing trades. This reduces my trading stress, screen time and I can see a day or 2 ahead whether I need to even be in front of the computer. It has kept me out of the GU rubbish the last 2 days. Will consider a clear 1 hour candle break of 6272 as my entry to go long. Cheers dude.
  • #279,691
  • May 19, 2011 9:16pm May 19, 2011 9:16pm
Quoting Phil Warran
Yes I am tempted to sell and buy off the retrace and until very recently this was my go, but after the last 3 months or so, I have taken to trendline breaks and/or taking out recent highs and lows before trading. When I look on different timeframes, it is hard to digest if the price movement is a retrace or a new trend direction starting. Going forward, I am committed to taking fewer trades after confirmation and minimising my number of losing trades. This reduces my trading stress, screen time and I can see a day or 2 ahead whether I need to even...
6272 exactly, will also be a clear break about the 1 hours 200ema which has kept the GU under wraps this past 2 weeks except for a news spike last week.
  • #279,692
  • May 19, 2011 10:25pm May 19, 2011 10:25pm
Quoting TauTrader
Good day to you,

No shorting here - may look at 1.6270 - 1.6280 if all alighed for a pullback - or will long from 1.6120 area.

But I am staying out for now.

Regards
6270--6280,my taking profit position.
A chart helps those who can read it.
  • #279,693
  • May 19, 2011 10:38pm May 19, 2011 10:38pm
Good day to you,

Looking for a last little push up in early trade to the extreme area of 1.6260 - 1.6270. At this stage, my chart indicates a pullback possible then. This pullback may be in the region of 60 to 100 pips.

Will not really be trading later today, as i'm going fishing. The last week-end to go hunt specimen carp before the rivers go into flood for the winter.

I have 2 weak long entries in place taken earlier this morning - hoping to get 30 pips combined - or close at BE. 30 pips would be more than enough for the day. Will see.

I will however keep an eye out for any A+ setups forming whilst packing to enter longer term.

All the best - trade well.
  • #279,694
  • Edited 10:53pm May 19, 2011 10:40pm | Edited 10:53pm
Looks like ichimoku cloud support the price pretty well here (D1 TF).

This is the critical moment for next 1 week.
Break bellow the cloud could be good momentum for bear to go further.
OR
Cloud will support price higher to 1.63xx even 1.64xx
Attached Image (click to enlarge)
Click to Enlarge Name: GU.jpg Size: 354 KB
Life is about choosing... Long or Short... Discipline and consistency
  • #279,695
  • May 19, 2011 11:57pm May 19, 2011 11:57pm
GU Will Go Northpole Uptrend



Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 19 KB
  • #279,696
  • May 19, 2011 11:57pm May 19, 2011 11:57pm
hi good day to all. I agree with the break of 6280 will be a good one for long but i am eying for the 6000+ to get a solid entry for long. wishes for those taking short now.
  • #279,697
  • May 20, 2011 12:18am May 20, 2011 12:18am
pound yen looking very bullish this morning. Have a buy trade gong on there.

So GBPUSD should move up in situ. Agree with tautrader that after initial bullishness up to 6260/80 might be in for retrace, after that would be good time to reload
  • #279,698
  • May 20, 2011 12:31am May 20, 2011 12:31am
Quoting bchbch
hi good day to all. I agree with the break of 6280 will be a good one for long but i am eying for the 6000+ to get a solid entry for long. wishes for those taking short now.
me too...


its too early to turnd around.. at least by end of next week it should straight up...

just my 2 cent...

peace..
Peace Yo!
  • #279,699
  • May 20, 2011 12:51am May 20, 2011 12:51am
Has anyone ever had such a bad week that they think that someone might be changing the chart direction as soon as you place a trade?
  • #279,700
  • May 20, 2011 1:03am May 20, 2011 1:03am
surely we're going to see 50 pips upwards this morning??
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