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Cable Update (GBPUSD)

  • #281,701
  • Jun 16, 2011 7:40am Jun 16, 2011 7:40am
gone
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  • #281,702
  • Jun 16, 2011 7:43am Jun 16, 2011 7:43am
anyway i dont expect a straight up move
90% of traders use TA, indicators and prediction
  • #281,703
  • Jun 16, 2011 7:46am Jun 16, 2011 7:46am
now lets see m30
Attached Image (click to enlarge)
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90% of traders use TA, indicators and prediction
  • #281,704
  • Jun 16, 2011 7:48am Jun 16, 2011 7:48am
Quoting ricmaj
Each time you have your charts here they always corresponding with my trading strategies for some +pips and am liking it, 6138 is my sure confirmation for Buy to the 6150/62XX. nice trading patterns we need to see them often
90% of traders use TA, indicators and prediction
  • #281,705
  • Jun 16, 2011 7:52am Jun 16, 2011 7:52am
4hr doji at bottom on my feed anyway, 1hr bullish hammer and patterns of regular bullish divergence in the oscillators to 1hr...was musing earlier in the day that this previous 4hr/daily swing lo zone to 6057 Lo could be an obstacle to further downside for the bears.

15min double regular immediate bullish div shown below at current lo 6077.

The orange fibs below are of the current daily hi-lo 6225-6077 move. Pullback off 6077 lo has reached 76.4% of 6180-6077 so far. Yesterday's 6168 Lo coincides with 61.8% of that 6225-6077 move.

G/L

Quoting _BBKing_
anyway i dont expect a straight up move
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ex member
  • #281,706
  • Jun 16, 2011 8:03am Jun 16, 2011 8:03am
i leave.
market is in a shit.
nothing left to do imo.

good luck guys.
90% of traders use TA, indicators and prediction
  • #281,707
  • Jun 16, 2011 8:24am Jun 16, 2011 8:24am
Quoting _BBKing_
i leave.
market is in a shit.
nothing left to do imo.

good luck guys.

Agreed. It's not giving me what I need either.
  • #281,708
  • Jun 16, 2011 8:51am Jun 16, 2011 8:51am
Is anyone anticipating a dive to .6079?
  • #281,709
  • Jun 16, 2011 8:54am Jun 16, 2011 8:54am
I am expecting GBPUSD to blow through 1.6069 and go back to the 1.59 handle shortly. It looks like traders want to test the 1.5970 level.
  • #281,710
  • Jun 16, 2011 8:57am Jun 16, 2011 8:57am
going long now, tp 50 pip sl 25..or sl 20...
like GU
  • #281,711
  • Jun 16, 2011 9:05am Jun 16, 2011 9:05am
big picture. tl broke and being retested right now

lets c

6070 area sticky demand, next 1.6 BRN and 5975/80 ....below boom

daily trend bearish.

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Hero calls followed by margin calls...
  • #281,712
  • Jun 16, 2011 9:06am Jun 16, 2011 9:06am
Quoting ozgurerisir
Is anyone anticipating a dive to .6079?
on the lower TFs?

we did hit this level hours ago
Hero calls followed by margin calls...
  • #281,713
  • Jun 16, 2011 9:07am Jun 16, 2011 9:07am
I will keep an eye on the 1.6000 level as the break of the ascending trend line could turn out to be significant.

GBP/USD Daily
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  • #281,714
  • Jun 16, 2011 9:44am Jun 16, 2011 9:44am
in 5M chart - is upper channel forming??
  • #281,715
  • Jun 16, 2011 9:48am Jun 16, 2011 9:48am
It might be a triangle when you look at the daily chart. It is bouncing at the resistance level, early support level.
  • #281,716
  • Jun 16, 2011 9:49am Jun 16, 2011 9:49am
Quoting nsrajesh
in 5M is upper channel forming??
obviously yes.... in yellow EMA200.

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Hero calls followed by margin calls...
  • #281,717
  • Jun 16, 2011 10:35am Jun 16, 2011 10:35am
Quoting PhAnTi'
on the lower TFs?

we did hit this level hours ago
regardless, just wondering if a return to 6080 will happen tonight but the ascending channel hasn't been broken yet to push it down.
  • #281,718
  • Jun 16, 2011 10:51am Jun 16, 2011 10:51am
There's a sharp drop, that broke the ascending channel at 6127; now at 6117. interesting. I wonder where it's heading
  • #281,719
  • Jun 16, 2011 10:54am Jun 16, 2011 10:54am
I hope I'm not wrong again. This is pretty much reasonable deduction from what I see.
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  • #281,720
  • Jun 16, 2011 11:51am Jun 16, 2011 11:51am
will that 6080 hold again?
a daily closing below 6100?

pfffff
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