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Cable Update (GBPUSD)

  • #283,121
  • Jul 4, 2011 12:39am Jul 4, 2011 12:39am
OK so far the SYMmetrical Triangle (SYM_T) is shaping up textbook.

We had a breach - would have liked a couple more pips on it but....

Now it has tested the top and so far been rejected and forming a wick at the line.

If it holds we should be up hopefully 100 pips by 4 am if not sooner.
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #283,122
  • Jul 4, 2011 12:58am Jul 4, 2011 12:58am
Hello, my friends.

Time to get a coffee and start this trading week!

Happy 4th of July to all US citizens!

Josef
  • #283,123
  • Jul 4, 2011 1:03am Jul 4, 2011 1:03am
Quoting josef
Hello, my friends.

Time to get a coffee and start this trading week!

Happy 4th of July to all US citizens!

Josef
wat ur sentiments for the Intra day
Keep the Lights on then you can catch the rise from the dark.
  • #283,124
  • Jul 4, 2011 1:10am Jul 4, 2011 1:10am
Quoting josef
Hello, my friends.

Time to get a coffee and start this trading week!

Happy 4th of July to all US citizens!

Josef
Hello to Josef ,

Which peak we'll gonna choose today to surf a head with the UK news
  • #283,125
  • Jul 4, 2011 1:25am Jul 4, 2011 1:25am
Quoting sinchan
Hello to Josef ,

Which peak we'll gonna choose today to surf a head with the UK news
4th of July is a huge holiday for US so I'll be very careful today, not sure, that I'll open some orders today.

With a good entry, I'll jump no doubts!

Josef
  • #283,126
  • Jul 4, 2011 1:25am Jul 4, 2011 1:25am
Quoting sinchan
Hello to Josef ,

Which peak we'll gonna choose today to surf a head with the UK news
Short term Buy
Entry Point 6082
Take Profit 6108

After this few pips I go for Breakfast. To come back after news.

6108 is my first resistance level for the intraday.

Safe Trades with tight SL
Keep the Lights on then you can catch the rise from the dark.
  • #283,127
  • Jul 4, 2011 1:28am Jul 4, 2011 1:28am
Quoting josef
4th of July is a huge holiday for US so I'll be very careful today, not sure, that I'll open some orders today.

With a good entry, I'll jump no doubts!

Josef
I always admire Ur Peak Point

I am here as the student learning how U choose Ur peak Point
  • #283,128
  • Jul 4, 2011 1:31am Jul 4, 2011 1:31am
Quoting ricmaj
Short term Buy
Entry Point 6082
Take Profit 6108

After this few pips I go for Breakfast. To come back after news.

6108 is my first resistance level for the intraday.

Safe Trades with tight SL
Great Bro Thanks
  • #283,129
  • Jul 4, 2011 1:38am Jul 4, 2011 1:38am
Bull baby is getting bigger and touch My TP 1.6093 that I posted on Sunday analysis.. Alhamdulillah
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  • #283,130
  • Jul 4, 2011 1:49am Jul 4, 2011 1:49am
Second TP 1.6113 (but I surf a bit ) is touched also, the Buls Baby getting Wild after the consolidation time Alhamdulillah

Now I need to have a break.. See U later Guys

I need to control my greediness as this things that always makes me lost some pips

I'll see later on the UK news..

Salam
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  • #283,131
  • Jul 4, 2011 1:51am Jul 4, 2011 1:51am
Short at 1.6118. Don't want to risk too much today.
  • #283,132
  • Jul 4, 2011 1:51am Jul 4, 2011 1:51am
Nice work, sinchan
Trader from Croatia
  • #283,133
  • Jul 4, 2011 1:57am Jul 4, 2011 1:57am
Hi Sinchan...

What is the difference between consolidation and retracement term ?

Thanks


Quoting sinchan
Second TP 1.6113 (but I surf a bit ) is touched also, the Buls Baby getting Wild after the consolidation time Alhamdulillah

Now I need to have a break.. See U later Guys

I need to control my greediness as this things that always makes me lost some pips

I'll see later on the UK news..

Salam
not euphoria follower
  • #283,134
  • Jul 4, 2011 2:07am Jul 4, 2011 2:07am
G/M

Bullish start to the London session, following on from Friday's bullish daily and last week's bullish candle. Price is challenging a previous 1hr/4hr swing hi zone leading to 6148/100sma on 4hr and other potential resistance factors are listed below.

Price remains above the 100 and 200sma on 1hr with 100 just about to cross uop through the 200 and price is in an opa uptrend on this t/f as it is on 4hr...Daily remains in an opa downtrennd with price below the last and 3rd LH on that t/f @ 6258...100sma on this t/f and 4hr remains above it's 200sma.

---------------------------
Previous 1hr/4hr swing hi zone leading to 6148
6152 38.2% of the 6546-5910 Monthly Pivot and Weekly R1 are @ 6148-51

6157 Daily R2
(prev daily sw lo zone runs to 6162)

6166 Weekly R1
6175-78 50% 6441-5910/76.4% 6262-5910
to 6184 prev 1hr/4hr sw lo zone

6190 50% 6470-5910
6219 Daily R2
6227-36 50% 6546-, 23.6% 6746-, 61.8% 6441- 5910
6237 Weekly R2

to 6262 previoius 4hr/daily swing hi zone with 61.8% 6470-5910 @ 6255
----------------------------------
Current near-term 1hr screenshot below.

G/L
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ex member
  • #283,135
  • Jul 4, 2011 2:11am Jul 4, 2011 2:11am
cable began the week with a break of 6074 which was proving to be a tough resistance, once taken out my first tp is 6163

if 6163 is broken then my second tp will be 6252

since 6153 is also a confluence on weekly levels, it is my most logical target for now.
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  • #283,136
  • Jul 4, 2011 2:14am Jul 4, 2011 2:14am
area of previous support shown here on daily (to 6162) will it now be resistance and a 4th LH on this t/f in it's classic opa downtrend?

Time will tell.

G/L
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ex member
  • #283,137
  • Jul 4, 2011 2:16am Jul 4, 2011 2:16am
Quoting bbmac
area of previous support shown here on daily (to 6162) will it now be resistance and a 4th LH on this t/f in it's classic opa downtrend?

Time will tell.

G/L
connect tops on daily chart, we are essentially in a downtrend, so 6163 area should kick ass.
  • #283,138
  • Jul 4, 2011 2:23am Jul 4, 2011 2:23am
looking to buy the dip if the right set-up develops here on t/f's 5min and below.
ex member
  • #283,139
  • Jul 4, 2011 2:23am Jul 4, 2011 2:23am
and since 1 hour atr is also gearing up this could mean plenty of volatility today, thing to be seen is do we make a new low before the uk rate news later this week or consolidate till then and then drop.

us is on holiday so i am not expecting much of a move during us session.
  • #283,140
  • Jul 4, 2011 2:46am Jul 4, 2011 2:46am
Quoting JungleLion
connect tops on daily chart, we are essentially in a downtrend, so 6163 area should kick ass.
it's kinda fishy. it looks like going down , but we don't know yet , my resistance line is around 16160 which is around 50 pips away. hmmm another hour to confirm
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