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Cable Update (GBPUSD)

  • #280,441
  • Jun 1, 2011 8:11am Jun 1, 2011 8:11am
Quoting sphinx8
any idea why GU goes south? now GU news, US news shit yet it is the other way? I'm still all confused that sometimes the news set trends sometimes not all..........

anyway, thinking going long soon with tight SL expectin bad US data in 1 hours time

hi
as i always say: news only confuse people!
since 1 month i dont check news i check PA in m1 n m5 near news and trade market reaction. then, but only after some minutes i check the data. sometimes like today i really dont know the reason, but i got profits coz i follow the market!
90% of traders use TA, indicators and prediction
  • #280,442
  • Jun 1, 2011 8:14am Jun 1, 2011 8:14am
Quoting sphinx8
any idea why GU goes south? now GU news, US news shit yet it is the other way? I'm still all confused that sometimes the news set trends sometimes not all..........

anyway, thinking going long soon with tight SL expectin bad US data in 1 hours time
It might be good time to go long soon, we just need to spot good entry.
  • #280,443
  • Jun 1, 2011 8:23am Jun 1, 2011 8:23am
engulfing m15??
90% of traders use TA, indicators and prediction
  • #280,444
  • Jun 1, 2011 8:31am Jun 1, 2011 8:31am
Quoting _BBKing_
hi mate
here you are
it's called ' signal bars'
shows price and other things
you can setup it based on broker if you have the '5th pip' or the classic 4

i use it to check how much spread is going on and to find fast the daily open price without draw it on chart

Thank you for help!!! Looks very interesting.
  • #280,445
  • Jun 1, 2011 9:17am Jun 1, 2011 9:17am
For short, pending by at 1.6350 tp 1.6390
  • #280,446
  • Jun 1, 2011 9:22am Jun 1, 2011 9:22am
m5
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90% of traders use TA, indicators and prediction
  • #280,447
  • Jun 1, 2011 10:00am Jun 1, 2011 10:00am
i enter the 'scalping mode'

see you later guys
good luck
90% of traders use TA, indicators and prediction
  • #280,448
  • Jun 1, 2011 10:31am Jun 1, 2011 10:31am
Just got back from business outside and missed the party..

cable range today 120 and dragon 210 pips.. wow..
while euro only 64 pips.. hope I can get something there.

Cable short term already in downtrend and euro still in consolidation.

US stocks down btw and money goes to gold imo, as dixie hasn't move much.

Trade well
  • #280,449
  • Jun 1, 2011 10:49am Jun 1, 2011 10:49am
Quoting sphinx8
any idea why GU goes south?
magnetism

http://www.forexfactory.com/showthre...63#post4656663
  • #280,450
  • Jun 1, 2011 11:10am Jun 1, 2011 11:10am
6375 the current daily lo, around 61.8%of 6274-6546,....cable influenced by the disappointing Uk data earlier on today as pullbacks getting sold - so far ? 1hr/4hr H&S played out ?

Near-term 4hr scressnhot below shows the main potential supp/res/rbs factors below current price, not shown are the calculated pivots re daily/weekly and monthly. Weekly pivot is @/around 6357/60 area.

Fibs are drawn from 6057, 6131 and 6274 swing lo's to the 6546 swing hi.

General trend on 1hr intact (ie 100sma remains above 200sma) but opa (overall price action-peak/valley analysis) trend is probably down on that t/f in conflict with it's general trend. Trend. 4hr just printed a LL below it's last L - this below the last HL of it's opa trend.

G/L
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ex member
  • #280,451
  • Jun 1, 2011 11:28am Jun 1, 2011 11:28am
Attached Image (click to enlarge)
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All systems of divination, like music itself,work through patterns.
  • #280,452
  • Jun 1, 2011 11:44am Jun 1, 2011 11:44am
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
Took First target +140 pips,waiting for second target..

Cheers
Petar
"Buy on fear, sell on greed !!!
  • #280,453
  • Jun 1, 2011 11:48am Jun 1, 2011 11:48am
what is happening? trend change or just a little break? wow
  • #280,454
  • Jun 1, 2011 11:48am Jun 1, 2011 11:48am
The smaller picture...
Attached Image (click to enlarge)
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All systems of divination, like music itself,work through patterns.
  • #280,455
  • Jun 1, 2011 12:58pm Jun 1, 2011 12:58pm
Why is this currency going down?? Profit booking? Taking out stops? I am not seeing any news or any bad data release.
Make your losses in demo. Earn your profits live.
  • #280,456
  • Jun 1, 2011 1:39pm Jun 1, 2011 1:39pm
still no time to buy for me.
90% of traders use TA, indicators and prediction
  • #280,457
  • Jun 1, 2011 1:46pm Jun 1, 2011 1:46pm
Quoting Petar_Serbia
Took First target +140 pips,waiting for second target..

Cheers
Petar
nice one
90% of traders use TA, indicators and prediction
  • #280,458
  • Jun 1, 2011 1:50pm Jun 1, 2011 1:50pm
Quoting Forexia
Why is this currency going down?? Profit booking? Taking out stops? I am not seeing any news or any bad data release.

look today there was manufactury PMI and other data... all bad.
while usd lost ground vs jpy
anyway us dollar can go more weak tomorrow.
be ready to react on a possible reversal before 6300

i have 6330 n 6290 as extreme levels if goes straight.
lets see what happens
90% of traders use TA, indicators and prediction
  • #280,459
  • Jun 1, 2011 2:09pm Jun 1, 2011 2:09pm
seems to be just retesting support at the neck line and 38.2 retrace
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Come with me if you want to live....
  • #280,460
  • Jun 1, 2011 2:20pm Jun 1, 2011 2:20pm
16340 or more likely 16320 for reaction for my mind are good reaction levels to look at.
Come with me if you want to live....
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