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Cable Update (GBPUSD)

  • #282,701
  • Jun 29, 2011 9:59am Jun 29, 2011 9:59am
Quoting Johnny Depp
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...
Are you on the same train with me? What's your entry?

Thanks
Trade what you see. Write what you feel
  • #282,702
  • Jun 29, 2011 10:19am Jun 29, 2011 10:19am
Quoting e_piz
Are you on the same train with me? What's your entry?

Thanks
I already close all my entry.. im just a scalper.. not a swinger... on monday ive took all the bull.... tuesday all the bear... but sudenlly it change to bull... im cannot follow that.. to fast... and today one bear and one bull after the greek vote...
  • #282,703
  • Jun 29, 2011 10:20am Jun 29, 2011 10:20am
Hi everyone.

Don't take my chart to trade, still learning

Here's my thought on GBP/USD

Any Comment?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.png Size: 62 KB
  • #282,704
  • Jun 29, 2011 10:33am Jun 29, 2011 10:33am
Quoting e_piz
Are you on the same train with me? What's your entry?

Thanks
here my H1 chart.. u can use your imigination where that I've took all bull on monday.. some bear on tuesday... and today one bear and one bull after th greece bail out vote..
Attached Image
  • #282,705
  • Jun 29, 2011 10:47am Jun 29, 2011 10:47am
Quoting Johnny Depp
here my H1 chart.. u can use your imigination where that I've took all bull on monday.. some bear on tuesday... and today one bear and one bull after th greece bail out vote..
a correction.. today bear i've took earlier of the day before it goes for bull suddenlly.. and i've just took 10 pips for a trade....
  • #282,706
  • Jun 29, 2011 12:14pm Jun 29, 2011 12:14pm


actually price is fightin with 6080 where is ema60 h4 ema+sma200 in h1 and also a strong level of supp/res

when price came from highs, went into this area 6080-5930 as support area.
after the damn work done into this range we came again 6080.

i still think price now need to breake above 6080 and the yellow pattern, touch into 61 area then consolidate above 6060-70.
if all these things happen............. it is possible to see price near the big wall 6190-6250
while loosing 6030 would mean red danger.

what do you think guys?
Attached Image (click to enlarge)
Click to Enlarge Name: gusdh4.jpg Size: 209 KB
90% of traders use TA, indicators and prediction
  • #282,707
  • Jun 29, 2011 12:23pm Jun 29, 2011 12:23pm
Quoting Hazmat
Hi everyone.

Don't take my chart to trade, still learning

Here's my thought on GBP/USD

Any Comment?
hello
overall i agree with you.

i would only remember also fibos comming from highs 6740 n 6545 to actually lowest 5910.
so you find 6110 n 6150 (also strong levels) where price can react before the 6230.
90% of traders use TA, indicators and prediction
  • #282,708
  • Jun 29, 2011 12:33pm Jun 29, 2011 12:33pm
This is from My point of view...First I am not a swinger it didnt matched to my trading style..I used to see the chart on the 4H TF as the main trend, but trading in the 30 mintes TF, and watch how the Price Action in 15M for the detail movement.. From the chart above what I can tell that : lets see the candle stick is started with the inverted hammer then Hanging Man then shooting stars then doji and doji, and it showed Us it failed after the last 15M x 5 times to break the line 1.6055, although the tops is forming the double top but it doesnt mean the reversal, since there is no Breakout in 1.6055 .. So Let See tomorrow
Attached Image (click to enlarge)
Click to Enlarge Name: fx.gif Size: 18 KB
  • #282,709
  • Jun 29, 2011 1:11pm Jun 29, 2011 1:11pm
Quoting _BBKing_


actually price is fightin with 6080 where is ema60 h4 ema+sma200 in h1 and also a strong level of supp/res

when price came from highs, went into this area 6080-5930 as support area.
after the damn work done into this range we came again 6080.

i still think price now need to breake above 6080 and the yellow pattern, touch into 61 area then consolidate above 6060-70.
if all these things happen............. it is possible to see price near the big wall 6190-6250
while loosing 6030 would mean red danger.

what do you think guys?
agree

seems to me now that cable is forming flag on 1 H - if it is tru, then 1,6100 is very possible to reach. What do you think?
  • #282,710
  • Jun 29, 2011 1:21pm Jun 29, 2011 1:21pm
Quoting Tatbat
agree

seems to me now that cable is forming flag on 1 H - if it is tru, then 1,6100 is very possible to reach. What do you think?
looking in m5 i bought 6055 (fibo+many other thing) and got a nice 14pips scalp to 6070

h1 possible flag but a breake below 6050 would give power for a fast down to 6030 (or more....)

in m5 once breake 6050 or 6075 will give a fast re-test
Attached Image (click to enlarge)
Click to Enlarge Name: gusdm5.gif Size: 39 KB
90% of traders use TA, indicators and prediction
  • #282,711
  • Jun 29, 2011 1:35pm Jun 29, 2011 1:35pm
Quoting sinchan
This is from My point of view...First I am not a swinger it didnt matched to my trading style..I used to see the chart on the 4H TF as the main trend, but trading in the 30 mintes TF, and watch how the Price Action in 15M for the detail movement.. From the chart above what I can tell that : lets see the candle stick is started with the inverted hammer then Hanging Man then shooting stars then doji and doji, and it showed Us it failed after the last 15M x 5 times to break the line 1.6055, although the tops is forming the double top but it doesnt...
i agree
6050/5 - 6075 once breake will give more power
imo h4 pattern looks like price is reversing until 62 area.... but is early to predict!
90% of traders use TA, indicators and prediction
  • #282,712
  • Jun 29, 2011 1:58pm Jun 29, 2011 1:58pm
right 4H chart looks quite promising and really itīs early to predict. And one more thing -
I īdontīlike how the monthly candle looks like. Itīs the end of the month and tomorrow can anything happen. Even if the flag plays its role and cable gets near 1,6100 it doesnīt mean that tomorrow we cannot see 1,54xx again.
  • #282,713
  • Jun 29, 2011 2:00pm Jun 29, 2011 2:00pm
sorry for typo -- 1,59xx not 1,54
  • #282,714
  • Jun 29, 2011 4:26pm Jun 29, 2011 4:26pm
Attached Image (click to enlarge)
Click to Enlarge Name: gbp 4h.gif Size: 163 KB


More effort needed to be bullish on this one.

Cheers
  • #282,715
  • Jun 29, 2011 5:01pm Jun 29, 2011 5:01pm
Quoting _BBKing_
i agree
6050/5 - 6075 once breake will give more power
imo h4 pattern looks like price is reversing until 62 area.... but is early to predict!
Already seeing resistance at 1.6080.
  • #282,716
  • Jun 29, 2011 7:37pm Jun 29, 2011 7:37pm
Quoting e_piz
Short at 1.6060, SL @ 1.61, TP @ 1.6000, going sleep. See u tommorow guys.
Yaiksss... SL hit, try again. hehe
Trade what you see. Write what you feel
  • #282,717
  • Edited 10:18pm Jun 29, 2011 9:52pm | Edited 10:18pm
Bullish Today Insya Allah on 1.6171

Look at the double consecutive bottoms at 1.5932 which is a sign for Reversal and become a bullish trend...
Since there the Yunani austerity package is well progressed and Ok so far, besides the USD is still in debating to increase their debt limit if the decision could not be made before August 02, it will lead to another US Bailout this time..

The UK will release the Nation HPI report and the BOE will talk this could lead to the positif result since they are confidence to the greek crisis will be solved soon.. The Bullish would bit delayed since the release will be made before the london session ..

Simple Trade as Always
Attached Image (click to enlarge)
Click to Enlarge Name: bullish.gif Size: 18 KB
  • #282,718
  • Jun 29, 2011 10:01pm Jun 29, 2011 10:01pm
Short @ 1.6105; SL @ 1.6122
  • #282,719
  • Jun 29, 2011 10:33pm Jun 29, 2011 10:33pm
morning all, going short on cable, looking for retrace down to 6050 zone, ie, weekly pivot, or retest of breakout zone at 6075...stop above recent high...
  • #282,720
  • Jun 29, 2011 10:43pm Jun 29, 2011 10:43pm
Quoting CasperTrader
Short @ 1.6105; SL @ 1.6122
Closed out at BE before the news. Will look to short from higher up if news takes it there.
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