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Cable Update (GBPUSD)

  • #283,261
  • Jul 5, 2011 3:51am Jul 5, 2011 3:51am
Quoting bbmac
Yes, very different picture now intraday...1hr below.
looking for better deal to enter long but seems I am already late.
Trade responsiblypatience is the key/Swing trader
  • #283,262
  • Jul 5, 2011 3:52am Jul 5, 2011 3:52am
hr candle closes in 7 minutes...may give some good price to get longs
Trade responsiblypatience is the key/Swing trader
  • #283,263
  • Jul 5, 2011 4:00am Jul 5, 2011 4:00am
will reload long at 6049/50...if we dont touch it im flat ....missed the jump ...

no loss is a win
Hero calls followed by margin calls...
  • #283,264
  • Jul 5, 2011 4:00am Jul 5, 2011 4:00am
hi guys

still long in play

here's my earlier post http://www.forexfactory.com/showthre...93#post4750693
  • #283,265
  • Jul 5, 2011 4:04am Jul 5, 2011 4:04am
6065 is today's move 50% fibo
90% of traders use TA, indicators and prediction
  • #283,266
  • Jul 5, 2011 4:08am Jul 5, 2011 4:08am
price near 2nd tes 6083
last try did not close 1m candle above

6083 also 61% fibo today's move
90% of traders use TA, indicators and prediction
  • #283,267
  • Jul 5, 2011 4:09am Jul 5, 2011 4:09am
out another bit of long position 6083
i let open only the one opened manually 6047 TGT open
90% of traders use TA, indicators and prediction
  • #283,268
  • Jul 5, 2011 4:10am Jul 5, 2011 4:10am
sorry here's the 1m what shows me
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90% of traders use TA, indicators and prediction
  • #283,269
  • Jul 5, 2011 4:14am Jul 5, 2011 4:14am
Quoting PhAnTi'
will reload long at 6049/50...if we dont touch it im flat ....missed the jump ...

no loss is a win
bummer....gratz to the longs
Hero calls followed by margin calls...
  • #283,270
  • Jul 5, 2011 4:14am Jul 5, 2011 4:14am
bulls are fast n furious
lol
90% of traders use TA, indicators and prediction
  • #283,271
  • Jul 5, 2011 4:16am Jul 5, 2011 4:16am
The inevitable pullback [to the 23.6% of the then move up from 5989 current daily lo] and as indicated by the 1min bearish regular divergence, sees a 1min hidden divergence play at that 23.6% and a with 5min uptrend follow thru to a new daily hi...nice finish for my trading session/day ending it flat now.

Descending 1hr trend line breeched to the upside now and price breeching too the previous 1hr swing hi x 2 zone to 6099 with daily pivot around here...76.4% 6139-5989 just above being tested now and breeched to the upside as I write this.

Nice finish for my trading session/day ending it flat now.

G/L
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ex member
  • #283,272
  • Jul 5, 2011 4:18am Jul 5, 2011 4:18am
Quoting bbmac
The inevitable pullback [to the 23.6% of the then move up from 5989 current daily lo] and as indicated by the 1min bearish regular divergence, sees a 1min hidden divergence play at that 23.6% and a with 5min uptrend follow thru to a new daily hi...nice finish for my trading session/day ending it flat now.

Descending 1hr trend line breeched to the upside now and price breeching too the previous 1hr swing hi x 2 zone to 6099 with daily pivot around here...76.4% 6139-5989 just above being tested now and breeched to the upside as I write this....
nice play bro.

those divergences on the m1 and m5 work pretty nice if you're searching a spot to reload after a heavy news spike...waiting for divergence to play out and reload the baby

wish u a nice day

Jonas
Hero calls followed by margin calls...
  • #283,273
  • Jul 5, 2011 4:20am Jul 5, 2011 4:20am
61 to 6130 is going to be interesting.
Gone to a better place
  • #283,274
  • Jul 5, 2011 4:20am Jul 5, 2011 4:20am
Thanks, G/L to you too.. yes divergences form repeating patterns and if used in context of price action and prevailing opa conditions can form usefiul triggers for market entry.

Hope you have a good day too.

Quoting PhAnTi'
nice play bro.

those divergences on the m1 and m5 work pretty nice if you're searching a spot to reload after a heavy news spike...waiting for divergence to play out and reload the baby

wish u a nice day

Jonas
ex member
  • #283,275
  • Jul 5, 2011 4:22am Jul 5, 2011 4:22am
if we eat the 6116-7 i will close manually whole position near 6125-30
lets see
90% of traders use TA, indicators and prediction
  • #283,276
  • Jul 5, 2011 4:23am Jul 5, 2011 4:23am
Euro is going down = dollar strength? We are now moving into cable's sell zone... New York will probably reverse this excitement.
Gone to a better place
  • #283,277
  • Jul 5, 2011 4:24am Jul 5, 2011 4:24am
this move will exhaust at 6133 for the time being. 144 pips from the lows, a fib number.
  • #283,278
  • Jul 5, 2011 4:26am Jul 5, 2011 4:26am
ok
out whole 6104
nice start of the week with a -10 n a +60

i leave office will come back later
90% of traders use TA, indicators and prediction
  • #283,279
  • Jul 5, 2011 4:30am Jul 5, 2011 4:30am
looking forward to reaching my second TP for the day at 1.61310
  • #283,280
  • Jul 5, 2011 4:30am Jul 5, 2011 4:30am
Quick look at 4hr before I shut down for the session. Steepest 4hr descending trend line at/just above current daily hi.

I see the following potential res factors above current daily hi
6135 Daily R1 @/around
to 6149 previous 1hr/4hr swing hi zone
6152 38.2% of the 6546-5910 Monthly Pivot and Weekly R1 are @ 6148-51
(prev daily sw lo zone runs to 6162)
6166 Weekly R1 @/around
6175-78 50% 6441-5910/76.4% 6262-5910
6180 Daily R2 @/around
to 6184 prev 1hr/4hr sw lo zone
6190 50% 6470-5910
6221 Daily R3 @/around
6227-37 50% 6546-, 23.6% 6746-5910, 61.8% 6441- 5910, 6237 Weekly R2
to 6262 previous 4hr/daily swing hi zone with 61.8% 6470-5910 @ 6255


G/L
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ex member
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