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Cable Update (GBPUSD)

  • #280,041
  • May 26, 2011 1:23am May 26, 2011 1:23am
Just for study purpose...is this possible?
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  • #280,042
  • May 26, 2011 1:45am May 26, 2011 1:45am
Quoting bchbch
Just for study purpose...is this possible?
Friends pls share ur thoughts.
  • #280,043
  • May 26, 2011 3:34am May 26, 2011 3:34am
So I wait retrace 1.6200-1.6225. If this support become resistance, so GBPUSD can fall to 1.6000 for my opinion...
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Think like an investor, Act as a speculator. Ferid H.
  • #280,044
  • May 26, 2011 3:36am May 26, 2011 3:36am
Quoting bchbch
Friends pls share ur thoughts.
Could be. 212 is the weekly pivot to test again.
If you're not part of the solution then you're part of the problem.
  • #280,045
  • May 26, 2011 3:47am May 26, 2011 3:47am
Quoting Feliks
So I wait retrace 1.6200-1.6225. If this support become resistance, so GBPUSD can fall to 1.6000 for my opinion...
Thank you! I am little worry abt the us session today
  • #280,046
  • May 26, 2011 4:00am May 26, 2011 4:00am
Quoting majorusa
Could be. 212 is the weekly pivot to test again.
Thanks mate! i am looking in that area to close the orders.
  • #280,047
  • May 26, 2011 4:05am May 26, 2011 4:05am
Further leg up in the asian session and supply comes in at an early current daily hi @ 6334 which is Daily R1. This pullback (so far) has exceeded the average 4hr pullback in the 6746-6057 move down and has made a dec isive upside breech and 4hr candle (s) close above the 4hr descending trend line.

OPA Uptrend to 1hr remains intact and 4hr has now seen a H printed above it's last LH - this after a HL.

Above curent daily hi the unbreeched fibs of the move down to 6057 from and including 6746, 6573 and 6517...and near-term 6372-80 is another previous hr/4hr swing hi zone with 61.8% of the likely less consequential 6573-6057 move running through it.

The 1hr chart below shows the potential support/rbs factors on the 1hr t/f.

Buy the Dip somewhere ??

G/L
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ex member
  • #280,048
  • May 26, 2011 4:08am May 26, 2011 4:08am
6403-08 contains Weekly R2 pivot, 76.4% 6517-6057 and 50% 6746-same 6057. A break and clear above the 50% of this main 6746-6057 will give the bulls some more encouragement likely ?
ex member
  • #280,049
  • May 26, 2011 4:23am May 26, 2011 4:23am
signs of support at the current pullback lo...will see how this 15min candle closes...1hr has printed yesterday's hi as a HH, then HL, and a LH making this a L though ! Will see how it closes.

update: No convincing close on that 15min...a long will have to wait for a decent set-up.

G/L
ex member
  • #280,050
  • May 26, 2011 4:37am May 26, 2011 4:37am
if it goes down 1.6276 then the next level will be 1.6234.

Ash
  • #280,051
  • May 26, 2011 4:37am May 26, 2011 4:37am
mini ascending trend line going on on 5/15min...will se how this current 15min candle closes as to whether to take a long here

G/L
Attached Image
ex member
  • #280,052
  • May 26, 2011 4:40am May 26, 2011 4:40am
6233/32 are 38.2% 6068-6334 and 50% 6131-same current dily hi 6334 and Daily Pivot..6228 is 38.2% of main 6057-6334 move up.

G/L

Quoting mrarshad8
if it goes down 1.6276 then the next level will be 1.6234.

Ash
ex member
  • #280,053
  • May 26, 2011 4:47am May 26, 2011 4:47am
question is whether 6285/86 resistance turned support now or not.

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Hero calls followed by margin calls...
  • #280,054
  • May 26, 2011 5:03am May 26, 2011 5:03am
Quoting PhAnTi'
question is whether 6285/86 resistance turned support now or not.

Attachment

just a question of time i believe for this to blast north..gbp strength is waiting for something
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  • #280,055
  • May 26, 2011 5:05am May 26, 2011 5:05am
probably time to ditch. my 1.622 short now before it gets worst
  • #280,056
  • May 26, 2011 5:05am May 26, 2011 5:05am
Quoting nAVIN2007
just a question of time i believe for this to blast north..gbp strength is waiting for something
my thoughts, bought as well at support.

got banned from the wormhole btw....lol : o
Hero calls followed by margin calls...
  • #280,057
  • May 26, 2011 5:11am May 26, 2011 5:11am
15min closed as a bullish hammer trigger off that mini trend line, clearly some demand down to 6274....then last 3 x 1hr candle closes have been an IPB followed by a Doji and a PB...

as pointed out earlier, the LH on 1hr doesn't look good re longs...will see what happens..nice little run up and closed out for nice gain.


G/L




Quoting bbmac
mini ascending trend line going on on 5/15min...will se how this current 15min candle closes as to whether to take a long here

G/L
Attached Image
ex member
  • #280,058
  • May 26, 2011 5:13am May 26, 2011 5:13am
Quoting PhAnTi'
my thoughts, bought as well at support.

got banned from the wormhole btw....lol : o
what yah do to him?
  • #280,059
  • May 26, 2011 5:13am May 26, 2011 5:13am
Quoting bbmac
15min closed as a bullish hammer trigger off that mini trend line, clearly some demand down to 6274....then last 3 x 1hr candle closes have been an IPB followed by a Doji and a PB...

as pointed out earlier, the LH on 1hr doesn't look good re longs...will see what happens..nice little run up and closed out for nice gain.


G/L
no shorts for me as long as we stay above 6270-6285
Hero calls followed by margin calls...
  • #280,060
  • May 26, 2011 5:14am May 26, 2011 5:14am
price arrives at the previous 1hr swing lo zone (prev support)...bit of a mini ascending trend line going on in 1hr too.

What will price do @ 1hr LH @ 6321 ? Time will tell

G/L
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ex member
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