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Cable Update (GBPUSD)

  • #283,481
  • Jul 6, 2011 6:50am Jul 6, 2011 6:50am
cable is looking very very fishy here.

draw 2 trend lines connecting lows ; 6090 is point of fall for a much much lower target, preferably in the range of 5750
  • #283,482
  • Jul 6, 2011 6:50am Jul 6, 2011 6:50am
Quoting stulic
You might get 10 pips but that's it, or more likely get stopped out on the other side
Who Knows Bro
  • #283,483
  • Jul 6, 2011 6:53am Jul 6, 2011 6:53am
Quoting sinchan
Who Knows Bro
Why going long when you can see that every pathetic attempt has been capped at 6020-6030 area the whole day?
Don't get mad, get even!
  • #283,484
  • Jul 6, 2011 6:55am Jul 6, 2011 6:55am
Quoting josef
Are you ready to go up?
Am I..? well not untill ' the fat lady sing'...
  • #283,485
  • Jul 6, 2011 6:56am Jul 6, 2011 6:56am
im back after a nice unexpected day off.
price still near where i left.

im here only to see USA ISM non manufactury PMI

no positions for the moment maybe untill new daily candle
who knows?! lets see
90% of traders use TA, indicators and prediction
  • #283,486
  • Jul 6, 2011 6:58am Jul 6, 2011 6:58am
looks like m15 bearish divergence macd will go to 5945
uhm
i wait data
90% of traders use TA, indicators and prediction
  • #283,487
  • Jul 6, 2011 6:59am Jul 6, 2011 6:59am
Last 6 hours are perfect for scalping...
  • #283,488
  • Jul 6, 2011 7:01am Jul 6, 2011 7:01am
small impulse up during release
not enough
i want a clear reaction on market
90% of traders use TA, indicators and prediction
  • #283,489
  • Jul 6, 2011 7:04am Jul 6, 2011 7:04am
Quoting _BBKing_
small impulse up during release
not enough
i want a clear reaction on market
You are not the only one
  • #283,490
  • Jul 6, 2011 7:04am Jul 6, 2011 7:04am
Quoting josef
Last 6 hours are perfect for scalping...
yes but i didn't like market situation when i left.
i lost some pips in some wrong positions....
nothing bad, happens.
i now wait this daily candle to close or a clear pattern to get some 10-15 pips
90% of traders use TA, indicators and prediction
  • #283,491
  • Jul 6, 2011 7:04am Jul 6, 2011 7:04am
Quoting josef
Last 6 hours are perfect for scalping...
Sure but we'll break out one way or another, I'm leaning towards south too

Sell stops 1.5980 and 1.5930
Don't get mad, get even!
  • #283,492
  • Jul 6, 2011 7:06am Jul 6, 2011 7:06am
Quoting josef
You are not the only one
maybe reaction near 6027 (50% fibo) was a good sign for this move.....
90% of traders use TA, indicators and prediction
  • #283,493
  • Jul 6, 2011 7:06am Jul 6, 2011 7:06am
just popped back to desk to update charts following own trading session end a few hours ago...the drop to the previous 1hr swing lo zone found some demand which saw a pullback to the previous 1hr swing hi zone / 38.2% 6099-5985 (current daily lo)..this zone has capped any recovery attempts all London session so far.

Below here that previous 1hr swing lo zone leading down to today's current lo and 5981, then a prev 1hr/4hr swing lo leading to 5969. 5964 is 76.4% of 5910-6139. Weekly S1 is @/around 5944, Daily S2 is @/round 5922 in a previous 1hr/4hr/daily swing lo zone leading to that 5910 recent major swing lo.

Opa on 1hr is showing a classic downtrend now with 4hr more mixed-bearish.

G/L
Attached Image (click to enlarge)
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ex member
  • #283,494
  • Jul 6, 2011 7:11am Jul 6, 2011 7:11am
today EU down GU down UJ down a bit GOLD up
what a day......
90% of traders use TA, indicators and prediction
  • #283,495
  • Jul 6, 2011 7:15am Jul 6, 2011 7:15am
anyway would make sense to see this h4 going straight to touch 5945.
what do you think guys?
90% of traders use TA, indicators and prediction
  • #283,496
  • Jul 6, 2011 7:16am Jul 6, 2011 7:16am
Quoting e_piz
Im short @ 6030, 4H just confirm it. Above 6075 will invalidate this trade. TP 5950 or whenever feel necessary.

GL All
I love when Im on the right train.. SL move to 1.6020.. Definately a win trade.. Hold on tight guys.. we're heading 5900.. Meet u there.
Trade what you see. Write what you feel
  • #283,497
  • Jul 6, 2011 7:18am Jul 6, 2011 7:18am
sssssssssSCRACK
90% of traders use TA, indicators and prediction
  • #283,498
  • Jul 6, 2011 7:20am Jul 6, 2011 7:20am
Now we're talking
Don't get mad, get even!
  • #283,499
  • Jul 6, 2011 7:20am Jul 6, 2011 7:20am
Quoting _BBKing_
anyway would make sense to see this h4 going straight to touch 5945.
what do you think guys?
5880 +/-20..will see..patience
Trader from Croatia
  • #283,500
  • Jul 6, 2011 7:20am Jul 6, 2011 7:20am
are there the stops going finally triggered?
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