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Cable Update (GBPUSD)

  • #283,421
  • Jul 6, 2011 3:03am Jul 6, 2011 3:03am
Quoting _BBKing_
as it makes non sense..... i took short 6004
what is going on markets?
it's sideway trade, I'm still waiting for another hour before I'm making decision. I suspect GU will go up again as a pullback. and it might go down from 16050 ( My expectation) or continue to go up again until 160100.
  • #283,422
  • Jul 6, 2011 3:04am Jul 6, 2011 3:04am
my h4 setup
i wait.
Attached Image (click to enlarge)
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90% of traders use TA, indicators and prediction
  • #283,423
  • Jul 6, 2011 3:06am Jul 6, 2011 3:06am
so what you are saying then is that it might go up or it might go down ? Lol

Quoting mrforexlee
it's sideway trade, I'm still waiting for another hour before I'm making decision. I suspect GU will go up again as a pullback. and it might go down from 16050 ( My expectation) or continue to go up again until 160100.
ex member
  • #283,424
  • Jul 6, 2011 3:14am Jul 6, 2011 3:14am
Quoting bbmac
so what you are saying then is that it might go up or it might go down ? Lol
For The Moment , I'm waiting for opportunity to Buy for the pullback , after 4 hours I'll monitor it again. whether GU will break 16050.

1# Scenario ( Breakout) = GU will go to 16100
2# Scenario (pullback) mean 16050 is not broken = GU will be heading down again.

This is my strategy

I hope it helps
  • #283,425
  • Jul 6, 2011 3:20am Jul 6, 2011 3:20am
took 1/3 normal position in short @6020 sl @6030
lets see if n where to add
90% of traders use TA, indicators and prediction
  • #283,426
  • Jul 6, 2011 3:23am Jul 6, 2011 3:23am
90% of traders use TA, indicators and prediction
  • #283,427
  • Jul 6, 2011 3:26am Jul 6, 2011 3:26am
out -6
90% of traders use TA, indicators and prediction
  • #283,428
  • Jul 6, 2011 3:28am Jul 6, 2011 3:28am
i leave.
non sense trading these levels this setup

good luck guys.
90% of traders use TA, indicators and prediction
  • #283,429
  • Jul 6, 2011 3:38am Jul 6, 2011 3:38am
you had the 5min hidden divergence on your side at the 23.6% of that 6128-5996.

How much demand is there toward the current daily lo and lower now ?

G/L

Quoting _BBKing_
i leave.
non sense trading these levels this setup

good luck guys.
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ex member
  • #283,430
  • Jul 6, 2011 3:53am Jul 6, 2011 3:53am
4hr probably better shows the immediate downside obstacles for the bears, 2 x previous 1hr/4hr swing lo zones and a previous 1hr/4hr/daily swing lo zone below that. ...not shown here are the Daily S1 and S2 pivots (@/around 5992/22 respectively,) 76.4% 5910-6139 @ 5964 and Weekly S1 @/around 5945.

Some consolidation now on this t/f re opa with a bearish intraday tone so far.

G/L
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ex member
  • #283,431
  • Jul 6, 2011 4:07am Jul 6, 2011 4:07am
I'm buying from 16005 - Going up soon
  • #283,432
  • Jul 6, 2011 4:29am Jul 6, 2011 4:29am
Quoting bbmac
so what you are saying then is that it might go up or it might go down ? Lol

More likely it will go up, in my opinion.
  • #283,433
  • Jul 6, 2011 4:32am Jul 6, 2011 4:32am
looks like 5999 (61.8 retracement of last swing high) being respected for the moment (3 tests and holding)
  • #283,434
  • Jul 6, 2011 4:34am Jul 6, 2011 4:34am
needs to break 6025 to confirm pullback - just my 2 cents
  • #283,435
  • Jul 6, 2011 4:34am Jul 6, 2011 4:34am
Quoting josef
More likely it will go up, in my opinion.
thats what i call demand at a VBRN lvl

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Click to Enlarge Name: gbpusd.jpg Size: 134 KB
Hero calls followed by margin calls...
  • #283,436
  • Jul 6, 2011 4:36am Jul 6, 2011 4:36am
resistance at 60187 first
  • #283,437
  • Jul 6, 2011 4:38am Jul 6, 2011 4:38am
Quoting josef
More likely it will go up, in my opinion.
Any reasoning why?

Not that I would mind, would provide better entries for shorting again
Don't get mad, get even!
  • #283,438
  • Jul 6, 2011 4:38am Jul 6, 2011 4:38am
Quoting Incrediblle
sinchan would like to explain about this old pic of his trading station...its a last year pic
My Professional and very Incredible Live Trader for years experiences Friend..Just let me a new bie with a really tiny account say something "2011 that is this year not last year Friend , I think next time read carefully before U took a decision to a shame somebody else in front of public forum , because from Ur statement people can Know How Great U are"..

Salam
  • #283,439
  • Jul 6, 2011 4:41am Jul 6, 2011 4:41am
I am Back Guys..

What a Hard trading days today, well I lost some pips and Just Got +12 green pips Alhamdulillah..let see if we can trade another 2 cent
  • #283,440
  • Jul 6, 2011 4:47am Jul 6, 2011 4:47am
I am in For Short
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