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Cable Update (GBPUSD)

  • #281,121
  • Jun 10, 2011 5:33am Jun 10, 2011 5:33am
out half +12

sl BEp +2
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  • #281,122
  • Jun 10, 2011 5:50am Jun 10, 2011 5:50am
damn 6275 c'mon go away other place
90% of traders use TA, indicators and prediction
  • #281,123
  • Jun 10, 2011 5:51am Jun 10, 2011 5:51am
Quoting _BBKing_
damn 6275 c'mon go away other place
ok thank you
90% of traders use TA, indicators and prediction
  • #281,124
  • Jun 10, 2011 5:54am Jun 10, 2011 5:54am
out +18
im hungry
will come back after lunch

good luck and happy trding
90% of traders use TA, indicators and prediction
  • #281,125
  • Jun 10, 2011 6:55am Jun 10, 2011 6:55am
Quoting _BBKing_
possible reaction 6275
So it was! .made a retracement(hope it dosent turn into a reversal) at 6271.
  • #281,126
  • Jun 10, 2011 8:48am Jun 10, 2011 8:48am
Hello anybody having a open short trade still? i am sitting with a +39 pips so far....
  • #281,127
  • Jun 10, 2011 8:56am Jun 10, 2011 8:56am
what a day
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  • #281,128
  • Jun 10, 2011 8:58am Jun 10, 2011 8:58am
my m1 chart


now i go for a walk
i need a brake

Attached Image (click to enlarge)
Click to Enlarge Name: gusdm1.jpg Size: 96 KB
90% of traders use TA, indicators and prediction
  • #281,129
  • Jun 10, 2011 9:01am Jun 10, 2011 9:01am
Quoting bchbch
Hello anybody having a open short trade still? i am sitting with a +39 pips so far....

nice trending short GBP is under shock........anyone waiting for reversal can still ride on the bears. Safe Trades
Keep the Lights on then you can catch the rise from the dark.
  • #281,130
  • Jun 10, 2011 9:33am Jun 10, 2011 9:33am
Quoting geniusztc
we have no reason to go north .
but weekly chart is still bullish .
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 36 KB
A chart helps those who can read it.
  • #281,131
  • Jun 10, 2011 9:35am Jun 10, 2011 9:35am
Quoting geniusztc
but weekly chart is still bullish .
bearish is not easy .here T/P,and wait .
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 31 KB
A chart helps those who can read it.
  • #281,132
  • Jun 10, 2011 9:48am Jun 10, 2011 9:48am
Quoting geniusztc
but weekly chart is still bullish .

Geniusztc u think it will go bullish later today OR next week. Any way Safe Trending
Keep the Lights on then you can catch the rise from the dark.
  • #281,133
  • Edited 10:58am Jun 10, 2011 10:24am | Edited 10:58am
Quoting ricmaj
Geniusztc u think it will go bullish later today OR next week. Any way Safe Trending
eh~~~ safe trending .i am not sure. no risk no reward . but i like Phillip Nel 's method very much . and price always have reaction @ 21ema . as you can see on the weekly chart .

good luck .
Attached Image (click to enlarge)
Click to Enlarge Name: 6~NNADGZ9VNYB)~98$PY2[2.jpg Size: 64 KB
A chart helps those who can read it.
  • #281,134
  • Jun 11, 2011 1:04am Jun 11, 2011 1:04am
Quoting KrisM
I would like the cable to come down this week to 1.6290
We got exactly what we wished for... Last Friday the Cable came down to and penetrated the 1.6290 level. Needless to say we made a modest profit.
Ordo ab Chao!
  • #281,135
  • Jun 11, 2011 3:08am Jun 11, 2011 3:08am
technical...big picture

weekly and daily chart.

daily seems to develop bearish trend, weekly still up but capped by 6710-6730 area.

if daily closes below 1.5975-1.6000 lvl we might see a nice drop to 5345-5350 level.

daily shows Lower Low and Lower high.(circled)

lets c

Jonas

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 137 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.jpg Size: 156 KB
Hero calls followed by margin calls...
  • #281,136
  • Jun 11, 2011 3:12am Jun 11, 2011 3:12am
Quoting geniusztc
eh~~~ safe trending .i am not sure. no risk no reward . but i like Phillip Nel 's method very much . and price always have reaction @ 21ema . as you can see on the weekly chart .

good luck .
imho thats not a recent signal to say we are still in bullish mode.
try to identify trends by using LL,LW,HL,HH and trendlines
Hero calls followed by margin calls...
  • #281,137
  • Jun 11, 2011 3:30am Jun 11, 2011 3:30am
Quoting PhAnTi'
imho thats not a recent signal to say we are still in bullish mode.
try to identify trends by using LL,LW,HL,HH and trendlines
thank you ,but ,different method .
A chart helps those who can read it.
  • #281,138
  • Jun 11, 2011 6:22am Jun 11, 2011 6:22am
Quoting PhAnTi'
technical...big picture

weekly and daily chart.

daily seems to develop bearish trend, weekly still up but capped by 6710-6730 area.

if daily closes below 1.5975-1.6000 lvl we might see a nice drop to 5345-5350 level.

daily shows Lower Low and Lower high.(circled)

lets c

Jonas

..
hello,
that's a very interesting picture!
i also have 6160-70 as good support area on daily-weekly.
i think from here, seeing the reaction near 6210-20,we will probably see price in 61 area next week
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  • #281,139
  • Jun 11, 2011 6:24am Jun 11, 2011 6:24am
Quoting iTrader
looking to sell around 6325
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  • #281,140
  • Jun 11, 2011 7:14am Jun 11, 2011 7:14am
looking at m5 chart, we notice a big reaction near 6210 after bad news on friday when price went straight to 38,2% fibo (6466-6211) building a H&S in m5 @6315

there was a lot of demand near 6215 (yellow line supported it)
imho there were buy orders + taking profits = bulls trap (isn't it?)

demand has been completely absorbed as we came again fast in 6220 and price has been contained by ema60 (blue) in m5.

usually, this kind of move don't let me think on a immediate recover upward.
i think only possible a rally due to bullish divergence on MACD let me think that, but 6250-6270 should cap it.
next move for me will be below that yellow line to go touch the 6160-6130 support area
Attached Image (click to enlarge)
Click to Enlarge Name: gusdm5.jpg Size: 101 KB
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