http://lcchong.files.wordpress.com/2...ng?w=877&h=397
http://lcchong.files.wordpress.com/2...ng?w=877&h=397
http://lcchong.files.wordpress.com/2...ng?w=877&h=397
Cable Update (GBPUSD)
- #283,842
- Jul 9, 2011 2:59am Jul 9, 2011 2:59am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
hi smikester,
would it possibly test broken TL?
if you are around, have any comment?
thank you
Speaking personally, I would be flat now until one of these levels is breached and we may be seeing a repeat of the January - March consolidation, which is clearer in the W1 chart.
Gone to a better place
- #283,845
- Edited Jul 10, 2011 3:59am Jul 9, 2011 11:11am | Edited Jul 10, 2011 3:59am
- Joined May 2011 | Status: grizzly long gone | 2,427 Posts
Don't get mad, get even!
- #283,846
- Jul 9, 2011 12:35pm Jul 9, 2011 12:35pm
- | Commercial User | Joined Oct 2008 | 5,712 Posts
correct..
1.634..then get out..its my time after that
....
i notice some things:
most important price penetrated that range 6000-6140/50 and imo definetely consolidated into it
now...i really hope we will see some swings up n down at least 1 down n 1 up
surely now as we see we are in the middle of both areas.
does anybody think on a fast backtest near 5950?
It might come down to 1.5975 but otherwise I don't see it coming down in the near future (like at least 3-4 days).
- #283,848
- Edited 4:04am Jul 10, 2011 3:48am | Edited 4:04am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
The pair will be corrected and go down. It is highly valuated. Trust me!
Correct me if I am wrong...
"sharing knowledge make us more rich"
- #283,854
- Jul 10, 2011 1:05pm Jul 10, 2011 1:05pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
so,
i drawn my daily study adding something i find here from GU thread.
a touch in 6230 would mean a cross of the so called 'H&S' neckline (red)
ok, i don't trust a lot on that formation, but that line gave anyway a good resistance in previous touch 04 july.
next touch happens near 6150 which is also FE61.8 n a daily pivot still not covered (due just to that neckline...)
hourly speaking, there is a clear resistance area range 6080-6140
i expect a move into it, i also expect a touch 6150 and a come back fast.
thinking to see price in 6230 looks like it will breake daily downtrend to go again into 63 area and to back test again main uptrend line (double green)
anyway everthing is possible.
i drawn my daily study adding something i find here from GU thread.
a touch in 6230 would mean a cross of the so called 'H&S' neckline (red)
ok, i don't trust a lot on that formation, but that line gave anyway a good resistance in previous touch 04 july.
next touch happens near 6150 which is also FE61.8 n a daily pivot still not covered (due just to that neckline...)
hourly speaking, there is a clear resistance area range 6080-6140
i expect a move into it, i also expect a touch 6150 and a come back fast.
thinking to see price in 6230 looks like it will breake daily downtrend to go again into 63 area and to back test again main uptrend line (double green)
anyway everthing is possible.
90% of traders use TA, indicators and prediction
- #283,857
- Jul 10, 2011 4:15pm Jul 10, 2011 4:15pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #283,858
- Jul 10, 2011 4:17pm Jul 10, 2011 4:17pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #283,860
- Jul 10, 2011 4:24pm Jul 10, 2011 4:24pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction