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Cable Update (GBPUSD)

  • #282,961
  • Jul 1, 2011 3:51am Jul 1, 2011 3:51am
I think it will be ranging a while between 1.6005 and 1.6033 .. Time to grabs some coffee .. I just wait for the breakout then
  • #282,962
  • Jul 1, 2011 3:53am Jul 1, 2011 3:53am
out whole positions.
will reload soon long or short doesnt matter.

a nice friday in huge pips profits since asia session!
90% of traders use TA, indicators and prediction
  • #282,963
  • Jul 1, 2011 3:54am Jul 1, 2011 3:54am
Quoting josef
Closed with 80 pips profit. Great end of the week!!!
Time to relax, enjoy ur weekend...
  • #282,964
  • Jul 1, 2011 3:56am Jul 1, 2011 3:56am
Long at 1.6008 with SL 20 pips
  • #282,965
  • Jul 1, 2011 3:59am Jul 1, 2011 3:59am
weekly close below 1.6 would be a start....

anyway we will see 5820 lvl this month. 5750 next.

Jonas

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 172 KB
Hero calls followed by margin calls...
  • #282,966
  • Jul 1, 2011 3:59am Jul 1, 2011 3:59am
Quoting bguguen
Hey folks, its been ages ive posted in here, now here's my dilemma, from my charts and a fresh trend on the 4H shows a possible bounce reversal that hasn't occured up until now... now if the 4H closes above this trendline and holds, im expecting this to go up , dunno where yet but ill keep updated...
...

Attachment
hello
i agree.
thats why i closed whole shorts and now wait.
if breakes the 6000 will give time for entry again below in confirmation.
for the moment found reaction till 6030 in a nice pullback.
30 pips means huge amount imo.
lets see now next moves
90% of traders use TA, indicators and prediction
  • #282,967
  • Jul 1, 2011 4:00am Jul 1, 2011 4:00am
Quoting _BBKing_
hello
i agree.
thats why i closed whole shorts and now wait.
if breakes the 6000 will give time for entry again below in confirmation.
for the moment found reaction till 6030 in a nice pullback.
30 pips means huge amount imo.
lets see now next moves
thats always up to the units u trade but i dont wanna buy this baby right now....

lets c

Jonas
Hero calls followed by margin calls...
  • #282,968
  • Jul 1, 2011 4:02am Jul 1, 2011 4:02am
Quoting _BBKing_
hello
i agree.
thats why i closed whole shorts and now wait.
if breakes the 6000 will give time for entry again below in confirmation.
for the moment found reaction till 6030 in a nice pullback.
30 pips means huge amount imo.
lets see now next moves
Theres also some scary bits on this though.. if the 4H closes as a bearish engulfing who knows whats going to happen... the last time a bearish engulfing appeared it closes directly hitting that bull trendline i drawn and quickly reversed... lets see if this baby trend would work...
also i cannot disregard the fact that we are still in a bear trend as explained in my previous post...
if my Purple EMA crosses the yellow EMA again. that is a clear sell signal...

Quoting bguguen

Hey folks, its been ages ive posted in here, now here's my dilemma, from my charts and a fresh trend on the 4H shows a possible bounce reversal that hasn't occured up until now... now if the 4H closes above this trendline and holds, im expecting this to go up , dunno where yet but ill keep updated...
Reason why im particularly interested in this trendline is because of the 2 EMA's (purple EMA5 crossing above yellow EMA14)crossing which is a bullish signal but the longer term trend is a bear (shown by the Red SMA 144 being below SMA 169)...
if this trend holds well it'll be a good potential to long and expect a bounce up...
Attachment
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #282,969
  • Jul 1, 2011 4:02am Jul 1, 2011 4:02am
the 6012 is a big area then the 6000

below that we should fall pretty fast to 5975

This pair is still heavy... the GBP is setting up for a long awaited correction back to the 1.5017( my number)
  • #282,970
  • Jul 1, 2011 4:04am Jul 1, 2011 4:04am
Quoting Wulfgar
the 6012 is a big area then the 6000

below that we should fall pretty fast to 5975

This pair is still heavy... the GBP is setting up for a long awaited correction back to the 1.5017( my number)
yup...well 1.5 is a huge one...but 5820, 5750 would be a start
Hero calls followed by margin calls...
  • #282,971
  • Jul 1, 2011 4:05am Jul 1, 2011 4:05am
Quoting PhAnTi'
thats always up to the units u trade but i dont wanna buy this baby right now....

lets c

Jonas
oh, i mean after the big move with news, a pullback of 30 pips near 6000 means huge positions closing and huge positions opening in long!
90% of traders use TA, indicators and prediction
  • #282,972
  • Jul 1, 2011 4:06am Jul 1, 2011 4:06am
Bearish 1hr close, post data react pullback to 23.6% of the intraday move down / underside breeched 1hr ascending trend line (nice 1min hidden div play there...But - how much demand to 6000 ? Hoiw strong are the bears now ?

Time will tell.

G/L
Attached Image
ex member
  • #282,973
  • Jul 1, 2011 4:07am Jul 1, 2011 4:07am
Quoting bbmac
Bearish 1hr close, post data react pullback to 23.6% of the intraday move down / underside breeched 1hr ascending trend line (nice 1min hidden div play there...But - how much demand to 6000 ? Hoiw strong are the bears now ?

Time will tell.

G/L
there it goes....well dont think that 1.6 lvl might cap a lot here....we even crossed and closed below it earlier this week,didnt we?
Hero calls followed by margin calls...
  • #282,974
  • Jul 1, 2011 4:08am Jul 1, 2011 4:08am
Quoting _BBKing_
oh, i mean after the big move with news, a pullback of 30 pips near 6000 means huge positions closing and huge positions opening in long!
ah,sorry my bad...got it now...

absolutely. agree
Hero calls followed by margin calls...
  • #282,975
  • Jul 1, 2011 4:09am Jul 1, 2011 4:09am
ill hold shorts to 5820.
Hero calls followed by margin calls...
  • #282,976
  • Jul 1, 2011 4:11am Jul 1, 2011 4:11am
GBPUSD finally touched the trend line here, lets see how the reaction's gona be... i wonder if bears have enough power to plough through this trend with the MACD looking rather depleted/stuck around 0.00 area, not much idea in the market right now... i guess we'll just have to wait and see...

1.60 really keeping my attention here today... and its where the current 4h candle meets a bull trend line.. scary...

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 18 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #282,977
  • Jul 1, 2011 4:13am Jul 1, 2011 4:13am
This is what I see to the downside of current price lo as price challenges the 1hr/4hr ascending trend line:

Previous 1hr/4hr swing lo zone to 5969 / Daily R1 @/around 5969
5960 Daily R1
Previous 1hr/4hr/daily swing lo zone to 5910
5878 61.8% 5343-6746
5848 [61.8% 5290-6746] - 5819 Minor previous Daily swing lo zone
5842 Weekly S1
5790 [38.2% 4225-6746] - 5746 Previous Daily swing lo zone
5735 Monthly S2
5727 Weekly S2
G/L
ex member
  • #282,978
  • Jul 1, 2011 4:14am Jul 1, 2011 4:14am
freezed at 1.6001 like PA knocking the door and ask for asyl
Hero calls followed by margin calls...
  • #282,979
  • Jul 1, 2011 4:15am Jul 1, 2011 4:15am
1.5999 printed

Hero calls followed by margin calls...
  • #282,980
  • Jul 1, 2011 4:18am Jul 1, 2011 4:18am
Quoting PhAnTi'
1.5999 printed

dont be hasty wait for the close...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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