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Cable Update (GBPUSD)

  • #280,381
  • Jun 1, 2011 1:07am Jun 1, 2011 1:07am
Thanks guys, great ideas in here, seems most have something worthwhile to say
Come with me if you want to live....
  • #280,382
  • Jun 1, 2011 1:08am Jun 1, 2011 1:08am
Quoting smikester
Daily candles looking a bit bearish. It's all about 1.65 today, in my opinion. As we are trading below at the moment and the classic bullish test, break and retest failed, I would expect to go down today, possibly after the news.
Hope so
Come with me if you want to live....
  • #280,383
  • Jun 1, 2011 1:09am Jun 1, 2011 1:09am
Quoting smikester
Daily candles looking a bit bearish. It's all about 1.65 today, in my opinion. As we are trading below at the moment and the classic bullish test, break and retest failed, I would expect to go down today, possibly after the news.

gasp.... am i the only one targetin 6540 and thinking on 67 area ?!
90% of traders use TA, indicators and prediction
  • #280,384
  • Jun 1, 2011 1:12am Jun 1, 2011 1:12am
Quoting _BBKing_
gasp.... am i the only one targetin 6540 and thinking on 67 area ?!
Guys, just noticed we are retesting the weekly 200ema
Attached Image (click to enlarge)
Click to Enlarge Name: weekly 200ema retest.gif Size: 20 KB
Come with me if you want to live....
  • #280,385
  • Jun 1, 2011 1:17am Jun 1, 2011 1:17am
Quoting Ill-b-back
Guys, just noticed we are retesting the weekly 200ema
yes, near 6540
90% of traders use TA, indicators and prediction
  • #280,386
  • Jun 1, 2011 1:19am Jun 1, 2011 1:19am
Quoting bbmac
I see a sequential pattern of regular bearish divergence at the 6546 Hi but there is no 1hr macd regular bearish divergence or 1hr hidden divergence in macd at the current Hi where you sold...there can't be as price did not make an equal or higher high to 6546 for the regular divergence to be valid and there just isn't any hidden on macd either - 1hr.

There was a pattern of regular immediate bearish div in 1min oscillators however.

G/L
LOL. I'm an expert on divergence indication. I leave it alone! I agree it can be useful, if it's obvious, clear and backs up other technical analysis, but I see so many posts here where it's already played out, or people are looking for shorts in strong uptrends. That type of thing.
Gone to a better place
  • #280,387
  • Jun 1, 2011 1:20am Jun 1, 2011 1:20am
DONT FORGET DATA GOES OUT 2MINUTES IN ADVANCE!!!

good luck guys,
ill be back later
90% of traders use TA, indicators and prediction
  • #280,388
  • Jun 1, 2011 1:22am Jun 1, 2011 1:22am
Quoting _BBKing_
DONT FORGET DATA GOES OUT 2MINUTES IN ADVANCE!!!

good luck guys,
ill be back later
Hi King....

Any Idea where this baby goes....????
  • #280,389
  • Jun 1, 2011 1:25am Jun 1, 2011 1:25am
This is what I am see-ing near-term 1hr in respect of potential supp/res factors.

new Hi after the small pullback sees some 3min/5min regular bearish divergence now.

Uk data T - 5mins.

G/L
Attached Image
ex member
  • #280,390
  • Jun 1, 2011 1:25am Jun 1, 2011 1:25am
Thx forgot about the subscribers getting it early - PMI

Quoting _BBKing_
DONT FORGET DATA GOES OUT 2MINUTES IN ADVANCE!!!

good luck guys,
ill be back later
ex member
  • #280,391
  • Jun 1, 2011 1:30am Jun 1, 2011 1:30am
Quoting deryworlds
Hi King....

Any Idea where this baby goes....????

Hello.

I'm now waiting for opportunity to buy at 6420

Josef
  • #280,392
  • Jun 1, 2011 1:31am Jun 1, 2011 1:31am
targetting 6332
Come with me if you want to live....
  • #280,393
  • Jun 1, 2011 1:31am Jun 1, 2011 1:31am
sweet, had a nice ride south 58pips

now just to get the long entry right
  • #280,394
  • Jun 1, 2011 1:32am Jun 1, 2011 1:32am
Quoting josef
Hello.

I'm now waiting for opportunity to buy at 6420

Josef
and she 's already through .... what a move...
  • #280,395
  • Jun 1, 2011 1:34am Jun 1, 2011 1:34am
Holding my short from yesterday's 4h bearish close..daily supports the view
  • #280,396
  • Jun 1, 2011 1:37am Jun 1, 2011 1:37am
Great 1min bearish thrust candle close trigger on the 0928am 1min candle close as the disappointing Pmi manuf data sees a big market reaction, ...other releases at 0930 also generally disappoint ?

Move had started with 3/5min bearish regular div before the data hit but exascerbated by it...nice !!..completely alters intraday picure now.

Price testing a previous 1hr/4hr swing lo now/Daily S1

G/L
Attached Image(s) (click to enlarge)
Click to Enlarge Name: z.jpg Size: 61 KB
Click to Enlarge Name: z1.jpg Size: 87 KB
ex member
  • #280,397
  • Jun 1, 2011 1:38am Jun 1, 2011 1:38am
Quoting deryworlds
Hi King....

Any Idea where this baby goes....????

ehehhe
hello

i dont know mate!
bought 6461 closed b4 news 6485
sell stop went @6440 already closed

now i wait a bit, go for a walk and come after market setup
90% of traders use TA, indicators and prediction
  • #280,398
  • Jun 1, 2011 1:43am Jun 1, 2011 1:43am
last 30min candle closed was a master bearish thrust engulfing candle, bearish engulfing last 36 candle bodies on that t/f

is this a bearish sign ?

G/L
ex member
  • #280,399
  • Jun 1, 2011 1:43am Jun 1, 2011 1:43am
was a bearish flag
lucky me i got it without having seen it

6400 lets see if contains the fall.

see you later guys
Attached Image (click to enlarge)
Click to Enlarge Name: gusdh1.gif Size: 29 KB
90% of traders use TA, indicators and prediction
  • #280,400
  • Jun 1, 2011 1:46am Jun 1, 2011 1:46am
Quoting _BBKing_
was a bearish flag
lucky me i got it without having seen it

6400 lets see if contains the fall.

see you later guys
With this candle, I'll take GBP down to dark bottom at 63XX today.
Believe what you see instead of what you think!
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