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Cable Update (GBPUSD)

  • #281,761
  • Jun 17, 2011 12:16am Jun 17, 2011 12:16am
Quoting PipPipPip
I traded it with ES on demand (its bottom at 1258) at the same time w/ euro/usd . THEN, I saw cable continued to drop faster and the next hour bar kicked back up to 6160 and back down again. One thing i knew was that I knew I should've waited for another test.

I am already -100pip in on cable. My stop point is another 100 below. NY open will be more clear. I still do not think cable will go down any further from here, as ES has made its bottom. But, it is friday, so market can be tricky. Ya, lets stick with the market.
uhm,
yes price got a nice wave up n down. still unable to brake support 6110. but sincerely im still unable to buy it. i bought 1hour ago 6114 closed 6119... now i wait something more clear.
meanwhile im working on my daily chart
90% of traders use TA, indicators and prediction
  • #281,762
  • Jun 17, 2011 12:18am Jun 17, 2011 12:18am
1hr shows the immediate downside obstacle

G/L
Attached Image (click to enlarge)
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ex member
  • #281,763
  • Jun 17, 2011 12:19am Jun 17, 2011 12:19am
Quoting _BBKing_
hello,
on your daily chart do you mean still possible price to reach 64's ?
isn't it counter all major fundamental reasons which crashed price from there?

just a question... im tryin to build up whole picture
Hey King,

What's up?


SO, happened today?
Am I the only one that expect the gbp to go little bit up after such a nice fall ??
simple retracement towards his miss pivot ?
  • #281,764
  • Jun 17, 2011 12:19am Jun 17, 2011 12:19am
Lol

G/L

Quoting Prochartist
... been weeks we didn't seen a reversal Friday might today will be one of those Friday ...
ex member
  • #281,765
  • Jun 17, 2011 12:27am Jun 17, 2011 12:27am
forgettin for a while that higher blue line (as im tryin to understand where she lies ) i think after breaking so strong daily uptrend, is better to think about a downtrend.

if this is confirmed next days, then will be possible to see 6280 where two main lines crosses exactly on that daily pivot.

pressure down imho looks so strong that also in fast TF (m30 h1 etc) price still not reached in confirmation that main upward trendline....

this is completely what i see. is it completely out of the road?
today's moves will answer all my questions (i hope)
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90% of traders use TA, indicators and prediction
  • #281,766
  • Edited 12:42am Jun 17, 2011 12:35am | Edited 12:42am
Supply to 6030, demand to 6100 atm, which will give 1st ?

G/L
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ex member
  • #281,767
  • Jun 17, 2011 12:36am Jun 17, 2011 12:36am
Quoting bbmac
Supply to 6030, demand to 6000 atm, which will give 1st ?

G/L
typo
Hero calls followed by margin calls...
  • #281,768
  • Jun 17, 2011 12:36am Jun 17, 2011 12:36am
Quoting Praga
Hey King,

What's up?


SO, happened today?
Am I the only one that expect the gbp to go little bit up after such a nice fall ??
simple retracement towards his miss pivot ?
hello mate
all ok here!
maybe you find my answer about the missed pivot in my previous post
90% of traders use TA, indicators and prediction
  • #281,769
  • Jun 17, 2011 12:38am Jun 17, 2011 12:38am
Quoting Prochartist
Expecting a reversal Friday before closing ... been weeks we didn't seen a reversal Friday might today will be one of those Friday ...
hello,
i think statistics and forex does not go together... i prefer clear signs of a direction
90% of traders use TA, indicators and prediction
  • #281,770
  • Jun 17, 2011 12:40am Jun 17, 2011 12:40am
Quoting PhAnTi'
typo
hello,
i was asking myself and really hope you also reversed that buy near 6230

did you?
90% of traders use TA, indicators and prediction
  • #281,771
  • Jun 17, 2011 12:42am Jun 17, 2011 12:42am
Quoting PhAnTi'
typo
well spotted Lol, should of course read ',...demand to 6100...'

Thanks.

G/L
ex member
  • #281,772
  • Jun 17, 2011 12:45am Jun 17, 2011 12:45am
Attached Image (click to enlarge)
Click to Enlarge Name: gpb usd daily.gif Size: 165 KB


Besides getting into a battlefield area (market profile) and the ema 200 line acting as support yesterdays candle shows increased activity on the buying side. Its Friday and the the EU debt problem still not resolved added with comments made by EU Politicians evrey 2 seconds will be perfect playing field for the big boys to catch stops left right and in the centre.
Good luck catching the ride.

Cheers
  • #281,773
  • Jun 17, 2011 12:47am Jun 17, 2011 12:47am
Looks like everybody wants to go long, but nobody does it becoz of no clear sign.


I love FOREX
  • #281,774
  • Jun 17, 2011 12:49am Jun 17, 2011 12:49am
Quoting Praga
Looks like everybody wants to go long, but nobody does it becoz of no clear sign.


I love FOREX
90% of traders use TA, indicators and prediction
  • #281,775
  • Jun 17, 2011 12:54am Jun 17, 2011 12:54am
Quoting Pipstrumpf
Attachment

Besides getting into a battlefield area (market profile) and the ema 200 line acting as support yesterdays candle shows increased activity on the buying side. Its Friday and the the EU debt problem still not resolved added with comments made by EU Politicians evrey 2 seconds will be perfect playing field for the big boys to catch stops left right and in the centre.
Good luck catching the ride.

Cheers
Next week, I'll be looking for some Long positions following the Bottom of the Bullish channel you have on your chart.

We're currently trading below YPOC and still lacking strong support.. maybe a whip below 1.600 hitting stops may add to a bounce upward.

for now. sideways wedge and all the focus on Dollar index strength. interesting how the Dollar became popular even with bad econ data.
  • #281,776
  • Jun 17, 2011 12:55am Jun 17, 2011 12:55am
LOOK EASY THINGS!
fightin the nickline.
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90% of traders use TA, indicators and prediction
  • #281,777
  • Edited 1:00am Jun 17, 2011 12:57am | Edited 1:00am
Quoting bbmac
well spotted Lol, should of course read ',...demand to 6100...'

Thanks.

G/L
yeah, we can try to trade the demand zone from may23-24 .6100

but.. wheres the bullish engulfing? not yet anyways.

aww/ maybe you were thinking more so june 16 - found on a M15 chart,
  • #281,778
  • Jun 17, 2011 1:04am Jun 17, 2011 1:04am
Entry Point 6107 Tp 6137 sl 6077
Keep the Lights on then you can catch the rise from the dark.
  • #281,779
  • Jun 17, 2011 1:05am Jun 17, 2011 1:05am
sell zone
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  • #281,780
  • Jun 17, 2011 1:16am Jun 17, 2011 1:16am
hi good afternoon every one. morning went a short @ 6140 and pack 20 pips. Now another short from 6115 open for 30 pips..... in Eu already 40 pips from the short still open......
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