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Cable Update (GBPUSD)

  • #281,041
  • Jun 9, 2011 9:18am Jun 9, 2011 9:18am
i think it is time to buy @ 1.6367 with TP @ 1.6450 what do you think?
"sharing knowledge make us more rich"
  • #281,042
  • Jun 9, 2011 9:27am Jun 9, 2011 9:27am
Quoting rullyforex
i think it is time to buy @ 1.6367 with TP @ 1.6450 what do you think?
It wouldn't be for me. Price though has challenged a previous 1hr/4hr swing lo which is a potential supply zone but with a LH on 4hr and a false upside break of the triangle on that t/f and breech of the ascending trend line, I think the scenario on 4hr changes to mixed now and bearish -mixed if 6346 goes.

G/L
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ex member
  • #281,043
  • Jun 9, 2011 9:30am Jun 9, 2011 9:30am
The cable day before sterday candle behave as a inside bar setup still it play inside of it. The high of 6471 not taken out so if it clear the low of 6324.... we will be in a trip to the south. My short today @ 6390 i placed the tp as 6340. lets see...
  • #281,044
  • Jun 9, 2011 9:32am Jun 9, 2011 9:32am
if this level of 1.6360 is broken to the down side then we will see a new low
so far it has been bouncing from it
jan
  • #281,045
  • Jun 9, 2011 10:15am Jun 9, 2011 10:15am
closed the shorts @ 6367.
  • #281,046
  • Jun 9, 2011 10:24am Jun 9, 2011 10:24am
Looking at this rising wedge. I think it's valid, two touches above and three below. What do you think?

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"While it is a consolidation formation, the loss of upside momentum on each successive high gives the pattern its bearish bias"
Gone to a better place
  • #281,047
  • Jun 9, 2011 10:49am Jun 9, 2011 10:49am
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A chart helps those who can read it.
  • #281,048
  • Jun 9, 2011 1:24pm Jun 9, 2011 1:24pm
hello all
what a day...
sometimes is very hard to understand market, some other times is very easy.

anyway, we are 6360 again.
still unable to recover from here in a very flat way.
lets see where will give more power, if up or down
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90% of traders use TA, indicators and prediction
  • #281,049
  • Jun 9, 2011 1:38pm Jun 9, 2011 1:38pm
Quoting _BBKing_
hello all
what a day...
sometimes is very hard to understand market, some other times is very easy.

anyway, we are 6360 again.
still unable to recover from here in a very flat way.
lets see where will give more power, if up or down

What a battle. The battle of 6360 has raged for about 5 hours now and it is still difficult to say who will carry the day: bull or bear
  • #281,050
  • Jun 9, 2011 1:52pm Jun 9, 2011 1:52pm
Don't get lost in the minutiae of smaller TF's.

cheers,

Dr. D.
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  • #281,051
  • Jun 9, 2011 2:29pm Jun 9, 2011 2:29pm
Quoting fourxtrader
Don't get lost in the minutiae of smaller TF's.

cheers,

Dr. D.

hello
long time no see you here!
hope is all green pips there
90% of traders use TA, indicators and prediction
  • #281,052
  • Jun 9, 2011 2:35pm Jun 9, 2011 2:35pm
while spread too high for scalps, and price going near nowhere i check some levels

i think below here next good step will be 6300-6280 again.
last chanche near 6250-6230

am i correct?
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90% of traders use TA, indicators and prediction
  • #281,053
  • Jun 9, 2011 2:38pm Jun 9, 2011 2:38pm
  • #281,054
  • Jun 9, 2011 2:41pm Jun 9, 2011 2:41pm
Quoting _BBKing_
while spread too high for scalps, and price going near nowhere i check some levels

i think below here next good step will be 6300-6280 again.
last chanche near 6250-6230

am i correct?

........while on up i have 6590..............
90% of traders use TA, indicators and prediction
  • #281,055
  • Jun 9, 2011 2:42pm Jun 9, 2011 2:42pm
Quoting PoundTrader
90% of traders use TA, indicators and prediction
  • #281,056
  • Jun 9, 2011 3:06pm Jun 9, 2011 3:06pm
Quoting _BBKing_
........while on up i have 6590..............
Never think about long unless 16385 is breached and tested. Howerver, the next targets in short should be watched.
1.6345 - 1.6290 and 1.6240

GL
  • #281,057
  • Jun 9, 2011 4:23pm Jun 9, 2011 4:23pm
Hi all,

Where is this lady going now do U think?

My guts tells me UP but the charts says DOWN!!

WTF!!
  • #281,058
  • Jun 9, 2011 5:15pm Jun 9, 2011 5:15pm
Quoting _tlk_
Hi all,

Where is this lady going now do U think?

My guts tells me UP but the charts says DOWN!!

WTF!!
don,t trade just wait to get a clear direction
  • #281,059
  • Jun 9, 2011 8:09pm Jun 9, 2011 8:09pm
Target HIT

http://www.forexfactory.com/showthre...74#post4677774


Quoting iqyu5an
hi bro.. how r u doin ? hmmmm broker will win ? time will tell
rgds,
first short on m15, second short on h1
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not euphoria follower
  • #281,060
  • Jun 10, 2011 12:11am Jun 10, 2011 12:11am
Quoting _BBKing_
while spread too high for scalps, and price going near nowhere i check some levels

i think below here next good step will be 6300-6280 again.
last chanche near 6250-6230

am i correct?
Hi bbking the last chance will be 6140-6150. The weekly chart bottom trendline spot.
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