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Cable Update (GBPUSD)

  • #282,441
  • Jun 27, 2011 12:48pm Jun 27, 2011 12:48pm

price stopped around daily opening price.
from here can go every where.

looks exactly like will go both up n down again.

any other idea?
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  • #282,442
  • Jun 27, 2011 1:08pm Jun 27, 2011 1:08pm
well.
as i said earlier today i need a consolidation above 5970 to think on a reasonable long position.

i picked a shy long near daily open price, but fingers and brain ready to reverse position or to add more

now, if it will consolidate here until asia, we can see more up during asia/late asia session.

if this will happen im searchin good main levels.
first obvious is daily high near 6010.
then is 6050.
below is 5950 and then 5970 (if consolidation happens) as good lines to remember for stops.

good luck
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  • #282,443
  • Jun 27, 2011 1:13pm Jun 27, 2011 1:13pm
Quoting _BBKing_
well.
as i said earlier today i need a consolidation above 5970 to think on a reasonable long position.

i picked a shy long near daily open price, but fingers and brain ready to reverse position or to add more

now, if it will consolidate here until asia, we can see more up during asia/late asia session.

if this will happen im searchin good main levels.
first obvious is daily high near 6010.
then is 6050.
below is 5950 and then 5970 (if consolidation happens) as good lines to remember for stops.

good luck
see better what i mean in h1 chart
Attached Image (click to enlarge)
Click to Enlarge Name: gusdh1.jpg Size: 214 KB
90% of traders use TA, indicators and prediction
  • #282,444
  • Jun 27, 2011 1:21pm Jun 27, 2011 1:21pm
anyway... i still think we will see new lowest this week.
this is second time i pick long position and both times im really not so confident about.

am i missing something?
90% of traders use TA, indicators and prediction
  • #282,445
  • Jun 27, 2011 1:39pm Jun 27, 2011 1:39pm
...out +16.

tomorrow is another day and market will be here again
90% of traders use TA, indicators and prediction
  • #282,446
  • Jun 27, 2011 9:00pm Jun 27, 2011 9:00pm
Quoting _BBKing_

price stopped around daily opening price.
from here can go every where.

looks exactly like will go both up n down again.

any other idea?
Quarter is about over , but the quarterly pivot stopped it and we are stuck between the quarterly open and the pivot . With a new quarter about to start anything is possible lol. My money is leaning towards the down side thru the summer . Last quaters low is down around 1.54 , seems like a ways but anything is possible .
Attached Image (click to enlarge)
Click to Enlarge Name: Daily.png Size: 68 KB
  • #282,447
  • Jun 27, 2011 11:25pm Jun 27, 2011 11:25pm
explanation is on the chart
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_28_6.gif Size: 29 KB
Enter Signature
  • #282,448
  • Jun 27, 2011 11:33pm Jun 27, 2011 11:33pm
Hey guys. Ive been following the Gu closely for some time. We have just recently broken the extremely important 6044 level and have closed under it for 3 days now. This level will now be used as tremendous resistance IMO.

Im swing trading the channel we are in from 5911-6044 and awaiting a breakout. Bias is definately downward as the GBP remains under pressure and the USD is slowly gaining strength due to the impending end of QE2 and the simple fact that there is nowhere else for investors to put their capital. LOL

Im expecting to see the 5725 within 4 weeks. Will be scaling in along the way.
  • #282,449
  • Jun 28, 2011 1:11am Jun 28, 2011 1:11am
Quoting Wulfgar
Hey guys. Ive been following the Gu closely for some time. We have just recently broken the extremely important 6044 level and have closed under it for 3 days now. This level will now be used as tremendous resistance IMO.

Im swing trading the channel we are in from 5911-6044 and awaiting a breakout. Bias is definately downward as the GBP remains under pressure and the USD is slowly gaining strength due to the impending end of QE2 and the simple fact that there is nowhere else for investors to put their capital. LOL

Im expecting to see the 5725...
Its ur own perception, if only it is confirmed and we all know the direction it goes, meaning in four weeks our accounts will be so large
Keep the Lights on then you can catch the rise from the dark.
  • #282,450
  • Jun 28, 2011 1:17am Jun 28, 2011 1:17am
Quoting ricmaj
Its ur own perception, if only it is confirmed and we all know the direction it goes, meaning in four weeks our accounts will be so large
perhaps i should add a disclaimer? lol

Listen it is my take based on the fundamental news drivers and current price action in forecasting the markets. it is really the best any of us can do.
  • #282,451
  • Jun 28, 2011 1:38am Jun 28, 2011 1:38am
Hello!

Long at 1.5946

Josef
  • #282,452
  • Jun 28, 2011 1:42am Jun 28, 2011 1:42am
toc toc toc
Attached Image (click to enlarge)
Click to Enlarge Name: gusdm15.jpg Size: 192 KB
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  • #282,453
  • Jun 28, 2011 1:45am Jun 28, 2011 1:45am
Long @ 1.5944; SL 1.5924.

Will flip if SL is hit. Long term agree it's downtrend.
  • #282,454
  • Jun 28, 2011 1:53am Jun 28, 2011 1:53am
imo if price dont react now in 5935 will react more in 5915
lets see
90% of traders use TA, indicators and prediction
  • #282,455
  • Jun 28, 2011 1:58am Jun 28, 2011 1:58am
* Wrong Thread Sorry *

Dustbin Trades,

The problem with DT's is everyone seems to come in after the move and say I won this many!!

my level today 1.42720

pending long @ 1.42720
stop - 20
TP +12

pending short @ 1.42520
stop - 20
TP +12
  • #282,456
  • Jun 28, 2011 2:05am Jun 28, 2011 2:05am
imo we must be a bit patient to pick a position from here....
90% of traders use TA, indicators and prediction
  • #282,457
  • Jun 28, 2011 2:07am Jun 28, 2011 2:07am
5913-5927...my target
Trader from Croatia
  • #282,458
  • Jun 28, 2011 2:11am Jun 28, 2011 2:11am
Quoting Geene
Sorry..i was very busy
I understand now. More charts like this please.
Gone to a better place
  • #282,459
  • Jun 28, 2011 2:34am Jun 28, 2011 2:34am
Quoting josef
Hello!

Long at 1.5946

Josef
Nice ! GO GO !
  • #282,460
  • Jun 28, 2011 2:37am Jun 28, 2011 2:37am
Quoting josef
Hello!

Long at 1.5946

Josef
Closed +25 pips
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