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Cable Update (GBPUSD)

  • #282,021
  • Jun 22, 2011 3:37am Jun 22, 2011 3:37am
Long @ 1.6160
SL @ 1.6130
  • #282,022
  • Jun 22, 2011 3:37am Jun 22, 2011 3:37am
why the price is down again. it's just mpc meeting vote result..
Rome was not built in a day, but I will do in a day if it was me.
  • #282,023
  • Jun 22, 2011 3:37am Jun 22, 2011 3:37am
Quoting _BBKing_
in my study if closes below 6145 can go more down.
lets see

sorry, the chart
Attached Image (click to enlarge)
Click to Enlarge Name: gusdh1.gif Size: 45 KB
90% of traders use TA, indicators and prediction
  • #282,024
  • Jun 22, 2011 3:42am Jun 22, 2011 3:42am
Below current price the a previous 1hr4hr, then 1hr then 1hr/4hr/daily swing lo zone, unbreeched fibs of the 6077, 6093 and 6108 moves up to current 6262 daily hi, Daily S2 and then Daily S3 is in that previous 1hr/4hr/daily swing lo zone leading down to last week's 6077 lo...not forgetting the ascending trend line on 1hr.

Price is challenging that 1hr ascending trennd line / 76.4% 6108-6262 now.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 112 KB
ex member
  • #282,025
  • Jun 22, 2011 3:44am Jun 22, 2011 3:44am
in weekly chart we can go down max 1.6107. if we crossed that we will break the weekly channel...
so what do you think guys??
Attached Image (click to enlarge)
Click to Enlarge Name: GUweekly.jpg Size: 158 KB
  • #282,026
  • Jun 22, 2011 3:50am Jun 22, 2011 3:50am
Quoting nsrajesh
in weekly chart we can go down max 1.6107. if we crossed that we will break the weekly channel...
so what do you think guys??
wishful thinking with big ben speaking later but im still short for now - i think il take the profit soon though > although after the fed release we could see fundies cause a rise in the cable over the next week as there is room on the upside > ESPECIALLY as the EURO shouldn't move too far with the fundamental weakness on both sides of the fence.
  • #282,027
  • Jun 22, 2011 3:50am Jun 22, 2011 3:50am
Quoting Dayboy001
Long @ 1.6160
SL @ 1.6130
added @ 1.6144
SL @ 1.6130

see below chart

Attached Image (click to enlarge)
Click to Enlarge Name: gpb_usd.gif Size: 23 KB
  • #282,028
  • Jun 22, 2011 3:50am Jun 22, 2011 3:50am
i closed whole position 6145.
was a 'small' one

now i wait
90% of traders use TA, indicators and prediction
  • #282,029
  • Jun 22, 2011 3:55am Jun 22, 2011 3:55am
A look at current 4hr near-term screenshot below. Below that 6077 previous 1hr/4hr/daily swing lo is another leading down to 6057.

Price breeches 1hr ascending t/line, no close below yet though, testing area of Daily S2 and immediately below there 76.4% 6093-6262.

G/L
Attached Image
ex member
  • #282,030
  • Jun 22, 2011 3:58am Jun 22, 2011 3:58am
certainly had the 1min regular bullish divergence at that Daily S2 area/current daily lo..good luck with the trades.

Pullback or more ?

Quoting Dayboy001
added @ 1.6144
SL @ 1.6130

see below chart

Attachment
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 99 KB
ex member
  • #282,031
  • Jun 22, 2011 4:04am Jun 22, 2011 4:04am
Ahh... According to yesterday.. de ja vu...
This just daily reversal ... I think...
Going back on 6200 again... I hope...
  • #282,032
  • Jun 22, 2011 4:07am Jun 22, 2011 4:07am
Quoting kakamarol
hi guyss..
too many indicators can lead you to where you dont want to go. We always demand safe trending for safe +pips.
Keep the Lights on then you can catch the rise from the dark.
  • #282,033
  • Jun 22, 2011 4:07am Jun 22, 2011 4:07am
Good Day

My Short is working good ... yesterday i said cable will test 1.6120 ... no one belive me


Quoting ZeroCool
Hi all

i short @ 1.6200 SL above 1.6240
  • #282,034
  • Jun 22, 2011 4:10am Jun 22, 2011 4:10am
to long or not to long, that is the question
  • #282,035
  • Jun 22, 2011 4:15am Jun 22, 2011 4:15am
Cable has now printed a L below it's last HL's on both 1hr and 4hr...1hr opa conditions turn from mixed-bearish to bearish-mixed, and 4hr opa uptrend is now under serious doubt.

100 and 200 sma's on 1hr and 4hr all point down atm with price below them, although on 4hr 100sma reamins above it's 200sma.

Price today @ 94% of it's 20day atr so far.

G/L
ex member
  • #282,036
  • Jun 22, 2011 4:15am Jun 22, 2011 4:15am
let us see if this trend line will break or not

Quoting sphinx8
to long or not to long, that is the question
Attached Image (click to enlarge)
Click to Enlarge Name: daily.gif Size: 23 KB
  • #282,037
  • Jun 22, 2011 4:22am Jun 22, 2011 4:22am
We may not see a firm pullback but just retracement and undecided moves,i am on the sidelines for now
  • #282,038
  • Jun 22, 2011 4:25am Jun 22, 2011 4:25am
Quoting ZeroCool
let us see if this trend line will break or not
strictly speaking it is not a daily trend line it is a 1hr/4hr, ie there is only 1 x fractal swing lo on daily so cannot be, ie trend lines join fractal swings ....on 1hr it has been breeched to the downside, and just see-ing if we get a 1hr close below it...see pic belowbut no 1hr/4hr close below it yet.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 53 KB
ex member
  • #282,039
  • Edited 4:57am Jun 22, 2011 4:27am | Edited 4:57am
i'm short since 1.6228

going to close my short.

less then my TP, but i can live with that.


happy trading all
  • #282,040
  • Jun 22, 2011 4:32am Jun 22, 2011 4:32am
Good Day
the trend line in 4 hour chart is already broke on daily still not ... 4 hour chart is at sell pressure and i said that yesterday ... and we see Moving averages 5 & 10 also crossed mean more sell pressure it could bounce or retrace and it may reach 1.6192 as max


Quoting bbmac
strictly speaking it is not a daily trend line it is a 1hr/4hr, ie there is only 1 x fractal swing lo on daily so cannot be, ie trend lines join fractal swings ....on 1hr it has been breeched to the downside, and just see-ing if we get a 1hr close below it...see pic belowbut no 1hr/4hr close below it yet.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: 4h.gif Size: 25 KB
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