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Cable Update (GBPUSD)

  • #280,281
  • May 30, 2011 2:35am May 30, 2011 2:35am
Quoting manize
Bank Holiday in England and USA --> thin ranging market. 1.64421 - 1.65167, imho.
Goog morning
I understand the 1.6167 but why 1.64421?
  • #280,282
  • May 30, 2011 2:38am May 30, 2011 2:38am
Quoting Ill-b-back
I just downloaded a centre of gravity indicator, could be useful on lower timeframes in confirming buys on dips/sells off support and resistance with the trend on higher timeframe along with candle sticks and even counter trend trades with divergence etc. Have you used this before
hello,
yes i used it in the past. both versions of it. i dont like it too much. i still only trade with my old way: rsi/macd and some SMA n EMA
in 1M and 5M chart i find MACD very useful for scalps

90% of traders use TA, indicators and prediction
  • #280,283
  • May 30, 2011 2:41am May 30, 2011 2:41am
Quoting nAVIN2007
what was the closing price on cable cause i have 1.6510?? but others have lower??..confused
hi mate
fxpro closed friday 1.65046
90% of traders use TA, indicators and prediction
  • #280,284
  • May 30, 2011 2:42am May 30, 2011 2:42am
Quoting solofx1
Goog morning
I understand the 1.6167 but why 1.64421?
L5 SB Target on Cam indi.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #280,285
  • May 30, 2011 2:43am May 30, 2011 2:43am
Quoting _BBKing_
yes 6480 nice 61.8% daily
i think next week will find support 6430-6400 again (unless it goes straight in 65 n 66 area)

..............

lets see that level PA
90% of traders use TA, indicators and prediction
  • #280,286
  • May 30, 2011 3:01am May 30, 2011 3:01am
Quoting manize
L5 SB Target on Cam indi.
Thank you very much
  • #280,287
  • May 30, 2011 3:56am May 30, 2011 3:56am
waiting for a dip to mid 63's to buy
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Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #280,288
  • May 30, 2011 7:12am May 30, 2011 7:12am
What is going on? Why GU don't move anywhere?
  • #280,289
  • May 30, 2011 7:31am May 30, 2011 7:31am
Quoting josef
What is going on? Why GU don't move anywhere?
nothing moves with UK and US closed......
Don't be a hero. Don't have an ego. Always question yourself
  • #280,290
  • May 30, 2011 7:59am May 30, 2011 7:59am
Quoting USD-Bear
nothing moves with UK and US closed......
Oh, holiday...
  • #280,291
  • May 30, 2011 9:07am May 30, 2011 9:07am
today holiday made the market slow a little bit. but, overall i think this week will be a very beautiful one, with all these set ups coming. That's why i don't really care about the news. when we look at the charts now, we see price are at the beginning of retracement, before moving back again with the trend. And i'm pretty confident the news release, we will get this week will complete these retracements....all made by insiders...

patience is the key to everything...


walking to profits - nice set ups to come tonight at

http://www.forexfactory.com/showthre...254704&page=30
  • #280,292
  • May 30, 2011 9:30am May 30, 2011 9:30am
Looking at the 1 hr chart can't see much chance of a big pull back. Really depends what happens overnight I suppose.

rgds
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  • #280,293
  • May 30, 2011 9:34am May 30, 2011 9:34am
seen intense testing at 6460 on M15.. 61.8fib daily?
  • #280,294
  • May 30, 2011 10:49am May 30, 2011 10:49am
A support in my charts is restricting prices to fall further. I am therefore buying it for a 50 pips target. My stop will be 1.6400
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  • #280,295
  • May 30, 2011 7:41pm May 30, 2011 7:41pm
Quoting wormboy
The immediate resistance is @480, had been so for most part of the month anyway, it's the monthly pvp. If price close above that then technically, there is not much till 6700.

But aye, agreed wholeheartedly it's still bullish even if 480 is not taken out today. No LH on the HTF charts yet to warrant a tradeable retrace.
There you go noobies, 480 is now taken & like I said, technically, there isn't much to stop this train to test 6700 level.
The H4 had just produced another continuation pattern & when it's trending like this, stay with the trend or at least stay flat easy peasy. Leave the funny business to the clowns.

Well done to those who had taken the easier route & stayed long.
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Thank You
  • #280,296
  • May 30, 2011 7:43pm May 30, 2011 7:43pm
Good morning. Any predictions - where do we go from here?
  • #280,297
  • May 30, 2011 7:53pm May 30, 2011 7:53pm
Quoting solofx1
Good morning. Any predictions - where do we go from here?
most probably a retest of 67's
  • #280,298
  • May 31, 2011 2:01am May 31, 2011 2:01am
Buy a dip again !
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #280,299
  • May 31, 2011 2:01am May 31, 2011 2:01am
toc toc
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90% of traders use TA, indicators and prediction
  • #280,300
  • May 31, 2011 2:06am May 31, 2011 2:06am
G/M

6449 yesterday's low and a pullback low in the 1hr/4hr (+) uptrend...another pullback this morning to another 1hr previous swing hi and 23.6% 6377-6546 (today's current hi) sees further trend demand emerge and a new trend hi emerge (said 6546.)

Above current price this previous 1hr swing hgi created by current daily hi area - being tested now, and above here Daily R3 6564 and a previous 4hr swing hi zone leading to 6574, the 76.4% fibs of the main 6746 and then 6722 moves down to 6057, ..., Weekly R1 is at/around 6662, above there a previous 4hr swing lo zone (previous support potential resistance?) leading to 6722 before the previous 4hr/daily swing hi zone leading to 6746 recent swing hi.

G/L
ex member
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