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Cable Update (GBPUSD)

  • #281,181
  • Jun 13, 2011 3:05am Jun 13, 2011 3:05am
Quoting egkid
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

yes you're right about better to have a sell setup.
lets see now if 6285 n 6300 bears appears
90% of traders use TA, indicators and prediction
  • #281,182
  • Jun 13, 2011 3:14am Jun 13, 2011 3:14am
1hr prints a H above last LH, this following a HL and so this t/f moves from mixed-bearish to mixed in respect of opa conditions (overall price action.)

Will the consolidation/area of that last LH act as support now if challenged in a pullback ?

G/L
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ex member
  • #281,183
  • Jun 13, 2011 3:16am Jun 13, 2011 3:16am
anyway imo 6280-6320 range is a resistance one and need a test to find bears

6285 now capped 20 pips reaction to 6265... not so bad!
90% of traders use TA, indicators and prediction
  • #281,184
  • Jun 13, 2011 3:21am Jun 13, 2011 3:21am
This is a very interesting level at 1.63 which is effectively last year's high... If we get a rejection off hereabouts then we'll have a weekly/monthly down trend.
Gone to a better place
  • #281,185
  • Jun 13, 2011 3:52am Jun 13, 2011 3:52am
Some supply then at the current daily hi ( 15min doji then PB candle there and possibly some 1hr hidden div building ?) intraday sentiment remains mixed - bullish though atm...? Pullback off the hi has so far reached a pullback lo of 38.2% of the 6222-6286 move.

G/L
ex member
  • #281,186
  • Jun 13, 2011 3:52am Jun 13, 2011 3:52am
Quoting smikester
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.

Waiting for the hour close above 6260- 6285 to trigger the Bullish territory. Like I said am Longing today even when all signals say bears. Downward trend as per my calculations too costly for GBP and Gold also in shorting positions. Anyways Safe trades as we trend
Keep the Lights on then you can catch the rise from the dark.
  • #281,187
  • Jun 13, 2011 4:03am Jun 13, 2011 4:03am
Can the bears re-assert themselves from here against the current intraday sentiment ?

Nice on 15min 2 x reversal candles closing outside the 20bol...the shooting star on this feed was a doji on others followed by that PB candle..

Price challenging a previous 1hr swing hi / 50% 6222-6286 atm.

G/L
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ex member
  • #281,188
  • Jun 13, 2011 4:15am Jun 13, 2011 4:15am
Current 1hr is below:
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ex member
  • #281,189
  • Jun 13, 2011 4:18am Jun 13, 2011 4:18am
Quoting bbmac
Current 1hr is below:
Wat the pips taking like in this: Short/Long
Keep the Lights on then you can catch the rise from the dark.
  • #281,190
  • Jun 13, 2011 4:21am Jun 13, 2011 4:21am
is that a question or a rhetorical statement ? Sorry, I do not understand.

Quoting ricmaj
Wat the pips taking like in this: Short/Long
ex member
  • #281,191
  • Jun 13, 2011 4:35am Jun 13, 2011 4:35am
Quoting bbmac
is that a question or a rhetorical statement ? Sorry, I do not understand.

Positions I meant to say, Entry Point, TPs and SP
Keep the Lights on then you can catch the rise from the dark.
  • #281,192
  • Edited 4:54am Jun 13, 2011 4:38am | Edited 4:54am
immediate question is what will play out - the developing 1hr hidden div back into 4hr downtrend after the pullback to 6286, or indeed the 5min hidden div back into 1hr potential uptrend @ a 2nd potential HL on 1hr pullback to 50% 6222-6286 ?

G/L
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ex member
  • #281,193
  • Jun 13, 2011 4:43am Jun 13, 2011 4:43am
I don't give investment advice...my entries are my own, I publish in advance all the clues as to where I am looking for entries should my trading edge develop but I do not publish my own entries, they are irrelevant to anyone else...but fyi so far today I have +23pips on the move up, B/e on the short off the 15min PB trigger close (bottled it) and now +15 (just closed) off the 5min hidden div referred to above, trigger being close of 15min bullish engulfing candle at that 50% 6222-6286/previous 1hr swing hi (prev resistance).

G/L

Quoting ricmaj
Positions I meant to say, Entry Point, TPs and SP
ex member
  • #281,194
  • Edited 5:12am Jun 13, 2011 4:44am | Edited 5:12am
Quoting bbmac
immediate question is what will play out - the developing 1hr hidden div back into 4hr downtrend after the pullback to 6286, or indeed the 5min hidden div back into 1hr potential uptrend @ a 2nd potential LH on 1hr pullback to 50% 6222-6286 ?

G/L
immediate answer
indeed the 5min hidden div back into 1hr potential uptrend @ a 2nd potential LH on 1hr pullback to 50% 6222-6286
  • #281,195
  • Jun 13, 2011 4:50am Jun 13, 2011 4:50am
So, bulls haven't finished yet then ? The pullback off the previous 4hr swing lo being bought at the previous 1hr swing hi/50% 6222-6286...Eurusd struggling to make much upside progress atm.

Finishing here for session.

Final look at current near-term 1hr....will a 2nd HL result on this t/f ?

G/L
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ex member
  • #281,196
  • Jun 13, 2011 4:53am Jun 13, 2011 4:53am
Is 6250 a confirm support for today trend...this is becoming amazing for my Bullish Sentiment today. Safe Trades
Keep the Lights on then you can catch the rise from the dark.
  • #281,197
  • Jun 13, 2011 4:58am Jun 13, 2011 4:58am
Quoting bbmac
I don't give investment advice...my entries are my own, I publish in advance all the clues as to where I am looking for entries should my trading edge develop but I do not publish my own entries, they are irrelevant to anyone else...but fyi so far today I have +23pips on the move up, B/e on the short off the 15min PB trigger close (bottled it) and now +15 (just closed) off the 5min hidden div referred to above, trigger being close of 15min bullish engulfing candle at that 50% 6222-6286/previous 1hr swing hi (prev resistance).

G/L
Thanks for the information. Just wanted your trade sentiment for the day. and not much. Cuz am following your charts and strategies to confirm my trend.
Keep the Lights on then you can catch the rise from the dark.
  • #281,198
  • Jun 13, 2011 5:00am Jun 13, 2011 5:00am
Quoting bbmac
immediate question is what will play out - the developing 1hr hidden div back into 4hr downtrend after the pullback to 6286, or indeed the 5min hidden div back into 1hr potential uptrend @ a 2nd potential HL on 1hr pullback to 50% 6222-6286 ?

G/L
Bro, What's your macd setting in this chart?
  • #281,199
  • Jun 13, 2011 5:09am Jun 13, 2011 5:09am
Quoting bchbch
Bro, What's your macd setting in this chart?
8/12/9 is the setting, I use the standard macd in the indicators list of MT4 charting. This of course is actually a histogram of the signal line of a standard macd which has a histogram of the space between the signal line and fast ema line as well as the signal line/fast ema line itself...effectively the oscillator above the osma is the histogram of this space, and that setting I use is 8/15/9..the other oscillator is a 14 period cci wrapped around a 20bol. Certain proprietary repeating patterns comprised of oscillator divergence and extremes and bol band patterns make up my entry set-ups, confirmed by PA, in the context of overall price actyion conditions on my middle-intermediate and highest-trend t/f's.

G/L
ex member
  • #281,200
  • Jun 13, 2011 5:11am Jun 13, 2011 5:11am
No Problem happy to help. I don't make predictions just look at what the overall price action (opa) conditions are on the t/f's of interest to me and whether these run with or contra to erach other and with/contra to higher t/f's (ie is there a trend, how strong is it or is there a trend and a pullback on a lower t/f etc...from there I can make decisions as to whether to act or not on any set-up I get...ie whether it develops in the optimum opa conditions or not at pre-identified potential supp/res/sbr/rbs.


G/L

Quoting ricmaj
Thanks for the information. Just wanted your trade sentiment for the day. and not much. Cuz am following your charts and strategies to confirm my trend.
ex member
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