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Cable Update (GBPUSD)

  • #279,781
  • May 20, 2011 11:01am May 20, 2011 11:01am
Quoting geniusztc
sharp analysis . good job .!!!
hmm I'm going to take an opportunistic short here at 1.6295

That drop was crazy. Going from 1.625 down to 1.615ih and then back up +50 pips!

Glad I stayed out of that madness......now to scalp.
  • #279,782
  • May 20, 2011 11:08am May 20, 2011 11:08am
Quoting geniusztc
sharp analysis . good job .!!!
thanks.. hope you got some pips from my post as well
Be a sniper not a jumper
  • #279,783
  • May 20, 2011 11:26am May 20, 2011 11:26am
Quoting sierra
thanks.. hope you got some pips from my post as well

Out for 20 + pips on the scalp Short to TP 1.6275......hope it goes back up from here for you (i got mine)
  • #279,784
  • May 20, 2011 11:29am May 20, 2011 11:29am
i think it will retest to 1.6165 or 1.6210 then uptrend...no more down trend below 1.6165
"sharing knowledge make us more rich"
  • #279,785
  • May 20, 2011 11:30am May 20, 2011 11:30am
Quoting rullyforex
i think it will retest to 1.6165 or 1.6210 then uptrend...no more down trend below 1.6165
Today? It's 2:30, market i open scarely for 1.5 more hour.....I can only see that happening if everyone who went long GBP usd at 1.616 takes profit.
  • #279,786
  • May 20, 2011 11:31am May 20, 2011 11:31am
Quoting lolygagv2
Out for 20 + pips on the scalp Short to TP 1.6275......hope it goes back up from here for you (i got mine)
hit sl what a great ending of this week trading... lets see what next week will serve us ... have a good weekend
Be a sniper not a jumper
  • #279,787
  • May 20, 2011 11:34am May 20, 2011 11:34am
Quoting lolygagv2
Today? It's 2:30, market i open scarely for 1.5 more hour.....I can only see that happening if everyone who went long GBP usd at 1.616 takes profit.
not today...maybe early next week it down first before move up tp 1.63xx
"sharing knowledge make us more rich"
  • #279,788
  • May 20, 2011 11:44am May 20, 2011 11:44am
Quoting sierra
thanks.. hope you got some pips from my post as well
yes ,of course .actually ,i was agreed with you .
A chart helps those who can read it.
  • #279,789
  • May 20, 2011 11:48am May 20, 2011 11:48am
so, what is your prediction opinion about monday low and high?
"sharing knowledge make us more rich"
  • #279,790
  • May 20, 2011 11:54am May 20, 2011 11:54am
Quoting rullyforex
so, what is your prediction opinion about monday low and high?
150/170
  • #279,791
  • May 20, 2011 11:54am May 20, 2011 11:54am
Quoting chazzle
150/170
2000 pip range , get ready
  • #279,792
  • May 20, 2011 12:38pm May 20, 2011 12:38pm
Quoting chazzle
2000 pip range , get ready
Next week is going to be awesome!!!!! trend reversals many paires
  • #279,793
  • May 20, 2011 12:39pm May 20, 2011 12:39pm
Quoting Phil Warran
Next week is going to be awesome!!!!! trend reversals many paires
Or trend continuations of course. We can only stay in this tight range for so long
  • #279,794
  • May 20, 2011 3:08pm May 20, 2011 3:08pm
Trade Idea Wrap-up: GBP/USD –Stand aside
Candlesticks and Ichimoku Intraday | Written by Action Forex | May 20 11 15:22 GMT
Although cable has fallen in tandem with euro to as low as 1.6167, a sustained breach below the Ichimoku cloud bottom (now at 1.6163 is needed to suggest the correction from this week’s low of 1.6105 has ended at 1.6275 and bring further fall to yesterday’s low at 1.6130. Looking ahead, only a breach of this support would confirm and bring a retest of 1.6105, below there would signal recent decline has resumed and extend weakness towards 1.6076-77

Trade Idea Wrap-up: EUR/USD – Stand aside
Candlesticks and Ichimoku Intraday | Written by Action Forex | May 20 11 15:17 GMT
Despite intra-day marginal rise to 1.4345, the subsequent stronger-than-expected retreat and the breach of 1.4195 support suggest the correction from this week’s low at 1.4049 has possibly ended at 1.4345 and consolidation with downside bias is seen for further weakness, however, break of 1.4120 support is needed to confirm this view and extend weakness to 1.4090/00 first.
  • #279,795
  • May 20, 2011 7:57pm May 20, 2011 7:57pm
Quoting chazzle
150/170
Quoting chazzle
2000 pip range , get ready
Looolll.....

.
  • #279,796
  • May 20, 2011 9:56pm May 20, 2011 9:56pm
hi, what is the guidance for monday and next week? uptrend or down trend? please share..
"sharing knowledge make us more rich"
  • #279,797
  • May 20, 2011 10:36pm May 20, 2011 10:36pm
Quoting rullyforex
hi, what is the guidance for monday and next week? uptrend or down trend? please share..
I can see the strong bearish (downtrend) for the next week and there is no significant reversal yet

  • #279,798
  • May 20, 2011 11:48pm May 20, 2011 11:48pm
Quoting wormboy
Look again
HTF is boss.

Hi Wormboy

My apologies - you were quite right on the HT trend. it banged off it perfectly!



rgds
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 1 hour chart.gif Size: 30 KB
  • #279,799
  • May 21, 2011 12:30am May 21, 2011 12:30am
Quoting gsantri
Looolll.....

.
Hey Gsantri , hope your trading is going well - I'm sure it is
  • #279,800
  • May 21, 2011 2:15am May 21, 2011 2:15am
Quoting mrforexlee
I can see the strong bearish (downtrend) for the next week and there is no significant reversal yet

hi, thanks for the info...what is your analysis and judgement that made you stated that STRONG BEARISH next week? please share...
"sharing knowledge make us more rich"
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