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Cable Update (GBPUSD)

  • #282,681
  • Jun 29, 2011 10:02am Jun 29, 2011 10:02am
Quoting _BBKing_
i would prefer something like this...
or same in the opposite way

a close above 6080 and a run to test te 6140
or a close below 5900 and a run to test the 5850 n 5800

we can call it "LOCKNESS PATTERN"
90% of traders use TA, indicators and prediction
  • #282,682
  • Jun 29, 2011 10:25am Jun 29, 2011 10:25am
what a boost.
90% of traders use TA, indicators and prediction
  • #282,683
  • Jun 29, 2011 10:28am Jun 29, 2011 10:28am
Quoting _BBKing_
what a boost.
crazy shaite market
  • #282,684
  • Jun 29, 2011 10:29am Jun 29, 2011 10:29am
can we call it breakout? if we close 1h at this levels
  • #282,685
  • Jun 29, 2011 10:41am Jun 29, 2011 10:41am
Quoting Torpedo
can we call it breakout? if we close 1h at this levels
surely we can say 6050 n 6060 been triggered.
more up happens after the 6080 with a consolidation above 6060

im 90% sure that price, if goes more up now... will come again near 6060.
any agree??
90% of traders use TA, indicators and prediction
  • #282,686
  • Jun 29, 2011 10:41am Jun 29, 2011 10:41am
I really don´t know...quite frustrated with cable today´s performance..might go up to 1,6080
  • #282,687
  • Jun 29, 2011 10:49am Jun 29, 2011 10:49am
Yep you have some whipsawing and tricky ranges. I'm on the sidelines right now in GBPUSD but short EURGBP.
  • #282,688
  • Jun 29, 2011 10:50am Jun 29, 2011 10:50am
so there are chances to touch 1,623 at fibbo 38,2 % ??? any suggests?? first when we broke 1,6110 then we will go north with few backdown, I think it's time for buyers.
  • #282,689
  • Jun 29, 2011 10:59am Jun 29, 2011 10:59am
I agree with you but we must really brake first 1,6100 - 1,610 area.
(excuse my english please)
  • #282,690
  • Jun 29, 2011 11:02am Jun 29, 2011 11:02am
Quoting yorkie
so there are chances to touch 1,623 at fibbo 38,2 % ??? any suggests?? first when we broke 1,6110 then we will go north with few backdown, I think it's time for buyers.
yeah i've got a suggestion... if u think to take Long... its to late for now, coz its going for short any time now... and of coz it will go futher to the
NORTH.. since greece got a bail out just now...
  • #282,691
  • Jun 29, 2011 11:11am Jun 29, 2011 11:11am
I will Short if candle stick can break the point 16055 with Target 30 pips since that is a double top formation..
  • #282,692
  • Jun 29, 2011 11:12am Jun 29, 2011 11:12am
now GU is popular moving 120 pips in a day..so if she not move to 1.61xx, than she will back at 1.594x.
I will be the number one Manager.
  • #282,693
  • Jun 29, 2011 11:27am Jun 29, 2011 11:27am
This is what I see for now on H4 chart... to say this is a brakeout.. yes.. but to say this is a bullish trend... not yet.. no man.... but time will tell...
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  • #282,694
  • Jun 29, 2011 11:27am Jun 29, 2011 11:27am
Trade from last thursday..game over ?
Will see..patience.
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Trader from Croatia
  • #282,695
  • Jun 29, 2011 11:28am Jun 29, 2011 11:28am
False Breakout on 16055 ..Wanna Trade the false Breakout ...??
  • #282,696
  • Jun 29, 2011 11:41am Jun 29, 2011 11:41am
Short at 1.6060, SL @ 1.61, TP @ 1.6000, going sleep. See u tommorow guys.
Trade what you see. Write what you feel
  • #282,697
  • Jun 29, 2011 11:42am Jun 29, 2011 11:42am
Quoting Johnny Depp
This is what I see for now on H4 chart... to say this is a brakeout.. yes.. but to say this is a bullish trend... not yet.. no man.... but time will tell...
Hi, I think we will go to north now since Greece bailout ok so far...what do you think? what was your judgment by saying "not yet" a bullish trend? please share...thanks
"sharing knowledge make us more rich"
  • #282,698
  • Jun 29, 2011 11:44am Jun 29, 2011 11:44am
Quoting sinchan
False Breakout on 16055 ..Wanna Trade the false Breakout ...??
well.. im not say that was a false brakeout... just an extension brakeout from the last brakeout... it happened sometimes... this year its already happened twice if I can recall it... 1st on early january.. 2nd in mid march... now its happened again... there are one thing that support that... uk rate 2-0-7.... they are so much confident with that vote..
  • #282,699
  • Jun 29, 2011 11:45am Jun 29, 2011 11:45am
Quoting rullyforex
Hi, I think we will go to north now since Greece bailout ok so far...what do you think? what was your judgment by saying "not yet" a bullish trend? please share...thanks
On my technical analysis , I'll say retracement for 4H downtrend just met it's point around 1.6060-6080.. Will be south again. I might be wrong that's why they create SL.
Trade what you see. Write what you feel
  • #282,700
  • Jun 29, 2011 11:53am Jun 29, 2011 11:53am
Quoting rullyforex
Hi, I think we will go to north now since Greece bailout ok so far...what do you think? what was your judgment by saying "not yet" a bullish trend? please share...thanks
well.. its simple... if u see it on daily chart... clearly u can see.. it still on bearish trend... here is my daily chart..... a brakeout.. yes.. it happened several time this month...but still it comes back to bearish.. at least.. that is how I see a trend... from Daily to H4 and follow it on H1...
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