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Cable Update (GBPUSD)

  • #281,161
  • Jun 12, 2011 11:53pm Jun 12, 2011 11:53pm
Quoting iqyu5an
both long and short get PIP in fx trade bro...depends on our strategy...
at the end ... profit is our target... right ?

you r so right about that making profit is our ultimate goal.
Keep the Lights on then you can catch the rise from the dark.
  • #281,162
  • Jun 12, 2011 11:57pm Jun 12, 2011 11:57pm
yap and we are here to learn and discuss to optimize out target. in real business, it's so hard to maximize the profit but to optimize it is quite possible...( just my imo )

c ya guys... wanna have lunch first

rgds,iqyu


Quoting ricmaj
you r so right about that making profit is our ultimate goal.
not euphoria follower
  • #281,163
  • Jun 13, 2011 12:14am Jun 13, 2011 12:14am
Quoting iqyu5an
both long and short get PIP in fx trade bro...depends on our strategy...
at the end ... profit is our target... right ?

happy 2 see u today
  • #281,164
  • Jun 13, 2011 12:15am Jun 13, 2011 12:15am
6220 seems a bit strong support so far. below that fresh shorts will be taken to target 6170 today.
  • #281,165
  • Jun 13, 2011 12:19am Jun 13, 2011 12:19am
The forum missing the post from smikester and bbking today. Friends pls keep the forum ticking.
  • #281,166
  • Jun 13, 2011 12:24am Jun 13, 2011 12:24am
Quoting egkid
Hi
U will watch this levels and will buy@ one of them?
OR
Sell from somewhere up target one of them?

hello,
sorry for delay i was sleeping its now early morning here.

weekly 6160 6110 is very important level imo
i will search a buy setup if goes there

mostly 6160-70 is 1st main support from here.

in h1 looks like a bearish flag, so possible more down on the breake.
upmove can be contained 6300 n 6340

so my weekly range is 6110-6340

let's see then what happens... who knows?!
Attached Image (click to enlarge)
Click to Enlarge Name: gusdw1.jpg Size: 110 KB
90% of traders use TA, indicators and prediction
  • #281,167
  • Jun 13, 2011 12:31am Jun 13, 2011 12:31am
hello all
i agree 100% every one here to make profits in different ways.

we must never forget that forex trading is a very hard thing to do.
together we can do it better
90% of traders use TA, indicators and prediction
  • #281,168
  • Jun 13, 2011 12:34am Jun 13, 2011 12:34am
Morning all. You'll find I don't post unless I have something to say that I think is worthwhile.

Cable is in tight consolidation for the last 12 hours of trading and any move out of here, short, could be worth taking. Obviously I am short biased, but we may go up and test daily resistance at 1.6285.
Gone to a better place
  • #281,169
  • Jun 13, 2011 12:34am Jun 13, 2011 12:34am
Quoting bchbch
The forum missing the post from smikester and bbking today. Friends pls keep the forum ticking.

thank you mate,
i think we miss more smikester's one than mine

today i will be a bit busy in some things so will pop up sometimes.
90% of traders use TA, indicators and prediction
  • #281,170
  • Jun 13, 2011 12:38am Jun 13, 2011 12:38am
G/M

Early test of the previous 1hr swing lo zone leading down to Friday's Lo @ 62121 and support found followed by some consolidsation off that Lo and an upward spurt...1hr therefore is mixed-bearish still atm with 4hr still looking bearish...both the 100sma's remain their respective 200sma's on these t/f's.

1hr current near-term screenshot below

How strong are the bulls here ?
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 55 KB
ex member
  • #281,171
  • Jun 13, 2011 12:41am Jun 13, 2011 12:41am
Quoting _BBKing_
thank you mate,
i think we miss more smikester's one than mine

today i will be a bit busy in some things so will pop up sometimes.
Thank you. Before u move will the news for euro in 20 minites makes any big move in cable upside to take a good short position?
  • #281,172
  • Jun 13, 2011 12:43am Jun 13, 2011 12:43am
Quoting smikester
Morning all. You'll find I don't post unless I have something to say that I think is worthwhile.

Cable is in tight consolidation for the last 12 hours of trading and any move out of here, short, could be worth taking. Obviously I am short biased, but we may go up and test daily resistance at 1.6285.
Thank you. I am learning from you all every day to understand the forex market.
  • #281,173
  • Jun 13, 2011 12:45am Jun 13, 2011 12:45am
Daily Pivot is @/around 6275 with Weekly Pivot @/around 6304, ...I would imagione that a breech and clear above these 2 might aleviate some of the underlying bearishness on this pairing, although Friday's pullback Hi @ 6315 (off 6212 Lo) is probably the 1st target for the bulls ?

G/L
ex member
  • #281,174
  • Jun 13, 2011 12:51am Jun 13, 2011 12:51am
Quoting bchbch
Thank you. Before u move will the news for euro in 20 minites makes any big move in cable upside to take a good short position?

italian industrial production? uhm....
market already moving up from support 6220

next resist is 6270-85-6300
lets see
90% of traders use TA, indicators and prediction
  • #281,175
  • Jun 13, 2011 12:51am Jun 13, 2011 12:51am
Quoting _BBKing_
hello,
sorry for delay i was sleeping its now early morning here.

weekly 6160 6110 is very important level imo
i will search a buy setup if goes there

mostly 6160-70 is 1st main support from here.

in h1 looks like a bearish flag, so possible more down on the breake.
upmove can be contained 6300 n 6340

so my weekly range is 6110-6340

let's see then what happens... who knows?!
Hi bro
Thanks for reply
first ur point very good and really important levels but have 2 things in my view wanna tell about

Personally prefer sell with current trend on 4h tf not long
And this levels will broken and it going lower.
After all it's all about your entry point and Time.

GL Bro
  • #281,176
  • Jun 13, 2011 12:54am Jun 13, 2011 12:54am
Price challenging Daily Pivot now - they are buying the pullbacks @ 5min previous swing hi's....breech and clear of steepest 1hr descending trend line (no 1hr close yet)

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 69 KB
ex member
  • #281,177
  • Jun 13, 2011 12:59am Jun 13, 2011 12:59am
6285-6305 is a tremendous cluster of resistance... High % of a bounce from there
  • #281,178
  • Jun 13, 2011 1:02am Jun 13, 2011 1:02am
Quoting bbmac
Price challenging Daily Pivot now - they are buying the pullbacks @ 5min previous swing hi's....breech and clear of steepest 1hr descending trend line (no 1hr close yet)

G/L
It's run into the H4 lows from the 3/6/11. Will it continue to go up or was that just a ramp up ready to short.
  • #281,179
  • Jun 13, 2011 1:03am Jun 13, 2011 1:03am
Quoting bbmac
Daily Pivot is @/around 6275 with Weekly Pivot @/around 6304, ...I would imagione that a breech and clear above these 2 might aleviate some of the underlying bearishness on this pairing, although Friday's pullback Hi @ 6315 (off 6212 Lo) is probably the 1st target for the bulls ?

G/L
Thanks bbmac. I'm holding shorts from last week and I would bail out, cover those, if there was a strong hourly close above 1.6285. How many others in my position? If that falls and then your two numbers, we'll be strongly into bullish territory again.
Gone to a better place
  • #281,180
  • Jun 13, 2011 1:03am Jun 13, 2011 1:03am
Current 4hr chart and you can see that the Daily Pivot falls just below the base of that previous 4hr/daily swing lo zone (previous support)..Price Current Daily Hi there.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 82 KB
ex member
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