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Cable Update (GBPUSD)

  • #282,201
  • Jun 23, 2011 4:38am Jun 23, 2011 4:38am
Quoting bbmac
Hi

why do you think 5984 is '..very strong...?' Thanks

G/L
Hello, If you look W1 you can see how she always struggles in there. It is important line for me. Let's see what happens.
  • #282,202
  • Jun 23, 2011 4:40am Jun 23, 2011 4:40am
Well, I will be . . . There is something at 1.5984 sticking its finger into the flood wall. For now anyway.
  • #282,203
  • Jun 23, 2011 4:46am Jun 23, 2011 4:46am
Thanks for the reply, yeh I see the previous daily/weekly swing lo zone down to 5934 and kind of see what you mean on the weekly, also the 76.4% of the 5745-6746 confluence there with 38.2% fib extension of yesterday's range. Certainly some patterns of bullish divergence there on t/f's to 1hr - 1min shown below.

G/L

Quoting GoldMan.
Hello, If you look W1 you can see how she always struggles in there. It is important line for me. Let's see what happens.
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ex member
  • #282,204
  • Jun 23, 2011 4:49am Jun 23, 2011 4:49am
Quoting bbmac
are those the word of someone who is long ?

do I have to find all the post mentioning this a while ago?
and yes, I'm long........
  • #282,205
  • Jun 23, 2011 4:50am Jun 23, 2011 4:50am
Strong bearish trend but it is possible that 1.5984 changes it. Waiting game
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  • #282,206
  • Jun 23, 2011 4:52am Jun 23, 2011 4:52am
A look at current near-term 4hr. Not shown on this are the fibs of the 6148 and 6066 swings down to currenty daily lo (1hr swings atm.)

Wouldn't be surprised to see more demand emerge in this previous daily/weekly swing lo zone from current daily lo-5934 if tested.

How strong are the bears and downtrend now ?

G/L
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ex member
  • #282,207
  • Jun 23, 2011 4:54am Jun 23, 2011 4:54am
I wouldn't bother, sounds a bit of a sore point ? Anyways, G/L with it.

Quoting sphinx8
do I have to find all the post mentioning this a while ago?
and yes, I'm long........
ex member
  • #282,208
  • Jun 23, 2011 4:55am Jun 23, 2011 4:55am
My view. 2 long candles on daily down typically will be followed by short candle down tomorrow in order for price to go up next week.
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Pride of opinion is a characteristic of losing traders
  • #282,209
  • Jun 23, 2011 4:57am Jun 23, 2011 4:57am
Strong support, going 4 long sortly.
  • #282,210
  • Jun 23, 2011 4:59am Jun 23, 2011 4:59am
Quoting fendi
Strong support, going 4 long sortly.
Going long is still too risky to me, waiting.
  • #282,211
  • Jun 23, 2011 5:04am Jun 23, 2011 5:04am
interesting, so if you don't go long at what you decsribed in an earlier post as 'very strong support' where do you go long ?

Thanks

G/L

Quoting GoldMan.
Going long is still too risky to me, waiting.
ex member
  • #282,212
  • Jun 23, 2011 5:14am Jun 23, 2011 5:14am
Quoting bbmac
interesting, so if you don't go long at what you decsribed in an earlier post as 'very strong support' where do you go long ?

Thanks

G/L
I'm watching how this support reacts. I want to see 10 EMA and 20 SMA crossing. Trend is bearish and i don't see a point fighting against it, atleast not now
  • #282,213
  • Jun 23, 2011 5:18am Jun 23, 2011 5:18am
Quoting fendi
Strong support, going 4 long sortly.
hold on for a while!
  • #282,214
  • Jun 23, 2011 5:54am Jun 23, 2011 5:54am
Thanks for the reply - sounds sensible to me...
-------------------------------------------------

Finishing own trading session here for the day

G/L all.

Quoting GoldMan.
I'm watching how this support reacts. I want to see 10 EMA and 20 SMA crossing. Trend is bearish and i don't see a point fighting against it, atleast not now
ex member
  • #282,215
  • Jun 23, 2011 5:55am Jun 23, 2011 5:55am
Quoting e_piz
Sell Limit 1 @ 1.6260, Sell limit 2 @ 1.63. Not entering any position now.
Just got online.. Clean 150 pip on TP... Done for the week.
Trade what you see. Write what you feel
  • #282,216
  • Jun 23, 2011 5:57am Jun 23, 2011 5:57am
Quoting e_piz
Just got online.. Clean 150 pip on TP... Done for the week.
Good job
  • #282,217
  • Jun 23, 2011 6:15am Jun 23, 2011 6:15am
Philosophy is the sience of dying so is the forex
  • #282,218
  • Jun 23, 2011 6:19am Jun 23, 2011 6:19am
Good time to long Gbp/Jpy if anyone interested. Just enter @ 128.86 TP 130.5 .
Trade what you see. Write what you feel
  • #282,219
  • Jun 23, 2011 6:30am Jun 23, 2011 6:30am
ok now for go down tp 5955 till news again.
  • #282,220
  • Jun 23, 2011 6:39am Jun 23, 2011 6:39am
Watch...
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