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Cable Update (GBPUSD)

  • #280,401
  • Edited 3:58am Jun 1, 2011 3:48am | Edited 3:58am
Quoting _BBKing_
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
well Is Better to forget about Long unless scalp in 2 hrs
Today Projection will be 6350-6339 where is 61.8% Weekly Fibo
Only cable already reaching out the 100% so shes going down after all
wish you have a green Pips perhaps Short agian at daily Open till friday
Attached Image (click to enlarge)
Click to Enlarge Name: GBP Bears Weekend A Head.jpg Size: 128 KB
  • #280,402
  • Jun 1, 2011 3:50am Jun 1, 2011 3:50am
Quoting JasmineQu
With this candle, I'll take GBP down to dark bottom at 63XX today.
All you guys talking south

I've bought

1.6405
SL 1.6390
floating tp

seems like good R:R to me

although the news was worse than expected it was still above 50
  • #280,403
  • Jun 1, 2011 3:52am Jun 1, 2011 3:52am
Quoting JasmineQu
With this candle, I'll take GBP down to dark bottom at 63XX today.
im patient

i wait a bit to see a good setup.
i dont want to give my profits back to the market
cant go straight down will give good entry later
90% of traders use TA, indicators and prediction
  • #280,404
  • Jun 1, 2011 3:54am Jun 1, 2011 3:54am
Quoting deryworlds
well Is Better to forget about Long unless scalp in 2 hrs
Today Projection will be 6350-6339 where is 61.8% Weekly Fibo
Only cable already reaching out the 100% so shes going down after all
wish you have a green Pips perhaps Short agian at daily Open till friday

i agree on daily open or near there
6420 6430 6440 can be interesting as resistance before day ends
90% of traders use TA, indicators and prediction
  • #280,405
  • Jun 1, 2011 3:55am Jun 1, 2011 3:55am
subscribers reacted to disappointing Uk manuf Pmi then the move continued with the disappointing mortgage approvals 2 mins later on that release amongst others...how bearish will this market turn now ? Will the old maxim about bull markets ignoring bad news play out or will intraday (+) market sell off after the knee-jerk reaction and a pullback ?

Finishing here for session/may pop back later this p.m see what I missed.

G/L
ex member
  • #280,406
  • Jun 1, 2011 4:17am Jun 1, 2011 4:17am
Quoting Ill-b-back
targetting 6332
well, i must thank you coz i was blindly going with bulls.
when you posted that channel i closed my long in +25 pips and putted buy stops n sell stops.

very good
90% of traders use TA, indicators and prediction
  • #280,407
  • Jun 1, 2011 4:23am Jun 1, 2011 4:23am
I guess it will be stuck at 1.640 now until US opens and US ADP unemployment news

US open will show some direction IMHO but I suspect US data to be bad so maybe we go back to 1.6440 level?
  • #280,408
  • Jun 1, 2011 4:24am Jun 1, 2011 4:24am
Quoting blue_z_zz
waiting for a dip to mid 63's to buy

the dip is in play if this level holds in the next few hours will give a buy signal
Attached Image (click to enlarge)
Click to Enlarge Name: gb.gif Size: 53 KB
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #280,409
  • Jun 1, 2011 4:30am Jun 1, 2011 4:30am
talking about divergences.....

the 63 area is a danger area for gbp.
will be protected until the end by bulls.
lets see
Attached Image (click to enlarge)
Click to Enlarge Name: gusdh1.gif Size: 30 KB
90% of traders use TA, indicators and prediction
  • #280,410
  • Jun 1, 2011 4:31am Jun 1, 2011 4:31am
Quoting Petar_Serbia
Hello guys,
After we broke good down chanel last week i knew that we can see future up movies.No we broke very good upper chanel with very good test.Also we have a very good Volume reaction in previuse up move.I shorted from 1.6500...

You can see my analysis here >
http://www.youtube.com/watch?v=D45c3xNt1OQ

Feel free to comment analysis on youtube or here...


Advice > Buyers be carefull on mid term.


Wish you good trading

Petar
Hello guys,
Both my positions are now on BE and waiting my targets...

Cheers
Petar
"Buy on fear, sell on greed !!!
  • #280,411
  • Jun 1, 2011 4:34am Jun 1, 2011 4:34am
Short Positions are complete now focus on a GBP/USD long to 1.6600
Keep the Lights on then you can catch the rise from the dark.
  • #280,412
  • Jun 1, 2011 4:50am Jun 1, 2011 4:50am
Closed 1/2 at 1.6430 (+25)
Moved SL to B/E

TP now set for 1.6485


Quoting Dayboy001
All you guys talking south

I've bought

1.6405
SL 1.6390
floating tp

seems like good R:R to me

although the news was worse than expected it was still above 50
  • #280,413
  • Jun 1, 2011 4:54am Jun 1, 2011 4:54am
Also bought SL to BE - looks like nice bounce off LTL on 4HR...


Quoting Dayboy001
Closed 1/2 at 1.6430 (+25)
Moved SL to B/E

TP now set for 1.6485
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd4hr.gif Size: 49 KB
"Millionaires don't use astrology, billionaires do"
  • #280,414
  • Jun 1, 2011 4:54am Jun 1, 2011 4:54am
Quoting Dayboy001
Closed 1/2 at 1.6430 (+25)
Moved SL to B/E

TP now set for 1.6485

good one

this is how i following price in m5
high liquidity, large volumes, low spreads.
love it

6430 can give now reaction.
lets see
Attached Image (click to enlarge)
Click to Enlarge Name: gusdm5.gif Size: 26 KB
90% of traders use TA, indicators and prediction
  • #280,415
  • Jun 1, 2011 4:56am Jun 1, 2011 4:56am
Quoting _BBKing_
good one

this is how i following price in m5
high liquidity, large volumes, low spreads.
love it

6430 can give now reaction.
lets see
sorry 6440
90% of traders use TA, indicators and prediction
  • #280,416
  • Jun 1, 2011 5:15am Jun 1, 2011 5:15am
Good buy signal off support?
Come with me if you want to live....
  • #280,417
  • Jun 1, 2011 5:20am Jun 1, 2011 5:20am
hi to all after my prediction on monthly char closing @ 164 is come true . i think it will down to 162 / 161 area . after that it will continue to 170 area for next 2 month . maybe
Just Newbie Need Guidance From The Expert
  • #280,418
  • Jun 1, 2011 5:40am Jun 1, 2011 5:40am
Has anyone used this trendline tool before for printing short term trend lines? (The Blue line). Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: buy.gif Size: 19 KB
Come with me if you want to live....
  • #280,419
  • Jun 1, 2011 5:48am Jun 1, 2011 5:48am
Quoting Ill-b-back
Has anyone used this trendline tool before for printing short term trend lines? (The Blue line). Cheers.
Hero calls followed by margin calls...
  • #280,420
  • Jun 1, 2011 5:52am Jun 1, 2011 5:52am
The 15min COG is angling up which is promising, in line with the 4hour COG direction. It has also bounced off the 4hour green COG dynamic resistance line. have not used this indicator enough yet to interpret it fully but seems to accurately coincide with channel lines, 200emas and fibs quite well at times to give buy/sell signals so am trying with smaller lot sizes to test.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: buy.gif Size: 19 KB
Come with me if you want to live....
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