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Cable Update (GBPUSD)

  • #279,821
  • May 23, 2011 12:40am May 23, 2011 12:40am
Quoting TauTrader
Good day to you,

A run lower to 1.6100 - 1.6050 is what I will be looking for before re-considering any position. If my daily chart still in order - a long from there may yield a very nice move - but time will tell.

No longs for me at present.

Regards
thanks for sharing . nice statement btw
Just Newbie Need Guidance From The Expert
  • #279,822
  • May 23, 2011 1:27am May 23, 2011 1:27am
Quoting NoviceInd
Long @ 16214 target only 20 pips hoping close gap .
there is a gap rite ? or it just my mt4 error ?
I think your mt4 is fine. Just do not trade based on gaps.

There is no gaps, its only weekly closes because your broker closed during weekend while market is open 24x7.

Check xe.com during weekend its never stop moving up and down.
  • #279,823
  • May 23, 2011 2:48am May 23, 2011 2:48am
Hello, I think we finally going down.
  • #279,824
  • May 23, 2011 2:55am May 23, 2011 2:55am
Quoting josef
Hello, I think we finally going down.
Yeah, there is a small H&S pattern on a daily chart.
Expect to drop at least to 1.5550.
  • #279,825
  • May 23, 2011 3:16am May 23, 2011 3:16am
Possible temporary retrace coming? Seems to be battling to break 6150 again!
  • #279,826
  • May 23, 2011 3:19am May 23, 2011 3:19am
Quoting Mitserdof
Yeah, there is a small H&S pattern on a daily chart.
Expect to drop at least to 1.5550.
ok,but today start bull @1642.
to become GU's shoulders. then drop to your target.
the shoulder-head-shoulder of GU in D1 chart
  • #279,827
  • May 23, 2011 6:13am May 23, 2011 6:13am
hi all...im nubie down here..i thing gu will go down till 1.59 area before bull take over the trend...just my prediction...hope senior can correct me if im wrong..
  • #279,828
  • May 23, 2011 6:18am May 23, 2011 6:18am
Quoting TauTrader
Good day to you,

A run lower to 1.6100 - 1.6050 is what I will be looking for before re-considering any position. If my daily chart still in order - a long from there may yield a very nice move - but time will tell.

No longs for me at present.

Regards
Good day to you,

So where are we? Nice drop this morning as thought. No clear trades for me at present. Daily still shows a long opportunity - but the level from which this attempt will be made, can be much lower - so I will wait.

We have however approached an extreme area on 4hr, but not yet on the daily - this is sitting @ 1.6050. Choppiness on the 1hr. Mixed charts. No trades.

Leaving town for an hour or 2 - will see where we are a bit later today.

Take care

Regards
  • #279,829
  • May 23, 2011 7:01am May 23, 2011 7:01am
Quoting jmtini
Possible temporary retrace coming? Seems to be battling to break 6150 again!
GU bear, but GU was prevented by a fairly strong support at .6105
only an analysis, and I'm always wrong, don't follow me,
  • #279,830
  • May 23, 2011 7:34am May 23, 2011 7:34am
where is everybody today?

so looks like "final" downmove before we change the direction to north?
better be soon, been buying a lot down here now
  • #279,831
  • May 23, 2011 7:46am May 23, 2011 7:46am
seems there are some good support level there.. hope it wont break *fingercross* targeting 23.6 ret..
  • #279,832
  • May 23, 2011 7:51am May 23, 2011 7:51am
Since the Asian session today, GBP/USD plummeted down with no significant resistance from buyers.

if pound does not break 1.6105 down, then the possibility will bounce at least until 1.6150/75
  • #279,833
  • May 23, 2011 7:58am May 23, 2011 7:58am
Quoting rising7
Since the Asian session today, GBP/USD plummeted down with no significant resistance from buyers.

if pound does not break 1.6105 down, then the possibility will bounce at least until 1.6150/75
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 149 KB
Hero calls followed by margin calls...
  • #279,834
  • May 23, 2011 7:59am May 23, 2011 7:59am
Quoting TauTrader
Good day to you,

So where are we? Nice drop this morning as thought. No clear trades for me at present. Daily still shows a long opportunity - but the level from which this attempt will be made, can be much lower - so I will wait.

We have however approached an extreme area on 4hr, but not yet on the daily - this is sitting @ 1.6050. Choppiness on the 1hr. Mixed charts. No trades.

Leaving town for an hour or 2 - will see where we are a bit later today.

Take care

Regards

I wish i had yur discipline u showing right here
  • #279,835
  • May 23, 2011 8:02am May 23, 2011 8:02am
expect further correction up now.

Attached Image (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 154 KB
Hero calls followed by margin calls...
  • #279,836
  • May 23, 2011 8:04am May 23, 2011 8:04am
Quoting PhAnTi'
expect further correction up now.

Attachment
ups sry wrong chart

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 145 KB
Hero calls followed by margin calls...
  • #279,837
  • May 23, 2011 8:06am May 23, 2011 8:06am
Quoting PhAnTi'
expect further correction up now.

Attachment
oh man what has come of this thread..u were the only one i thought descent then saw your chart and its AUD..

WHAT THE HELL IS GOING ON IN HERE..we need twee to get rid of the shit in the channel

small head n should and target 1.55 and no charts..come on people..lets bring this thread back up to scratch it used to be the best thread in ff analysis wise
  • #279,838
  • May 23, 2011 8:09am May 23, 2011 8:09am
Hello, Guys.

I went long at 1.6115 - what to you think about this?
  • #279,839
  • May 23, 2011 8:10am May 23, 2011 8:10am
Quoting josef
Hello, Guys.

I went long at 1.6115 - what to you think about this?
i think that might have been a good move
  • #279,840
  • May 23, 2011 8:11am May 23, 2011 8:11am
Quoting nAVIN2007
oh man what has come of this thread..u were the only one i thought descent then saw your chart and its AUD..

WHAT THE HELL IS GOING ON IN HERE..we need twee to get rid of the shit in the channel
navin !

sry, even fixed it... i missclicked in my chartfolder which looks like :

Attached Image (click to enlarge)
Click to Enlarge Name: lol.jpg Size: 72 KB
Hero calls followed by margin calls...
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