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Cable Update (GBPUSD)

  • #283,901
  • Jul 11, 2011 7:28am Jul 11, 2011 7:28am
1.5935 strong support area... Good for long.
  • #283,902
  • Jul 11, 2011 7:33am Jul 11, 2011 7:33am
Find strong support @ 1.5926
  • #283,903
  • Jul 11, 2011 7:34am Jul 11, 2011 7:34am
Quoting josef
1.5935 strong support area... Good for long.

You are right about that but right now it needs to hold in this hourly candle stick. Then I can place a trade on it
Keep the Lights on then you can catch the rise from the dark.
  • #283,904
  • Jul 11, 2011 7:50am Jul 11, 2011 7:50am
1.5942 looks to be good support point.Nice point to have longs
  • #283,905
  • Jul 11, 2011 8:15am Jul 11, 2011 8:15am
Support is giving in, might be a fake but bulls will definitely start to worry now.
Attached Image (click to enlarge)
Click to Enlarge Name: cable11072.gif Size: 25 KB
Don't get mad, get even!
  • #283,906
  • Jul 11, 2011 8:19am Jul 11, 2011 8:19am
Quoting stulic
Support is giving in, might be a fake but bulls will definitely start to worry now.
Nice push down to 5885....Id hate to be a bull right now
  • #283,907
  • Jul 11, 2011 8:41am Jul 11, 2011 8:41am
Quoting josef
1.5935 strong support area... Good for long.
Euro is falling - thinkGBP might follow.
I missed the drop to 1.5890
Short for now?
  • #283,908
  • Jul 11, 2011 8:41am Jul 11, 2011 8:41am
Quoting Zuke
Nice push down to 5885....Id hate to be a bull right now
Not nice at all.
  • #283,909
  • Jul 11, 2011 8:42am Jul 11, 2011 8:42am
Quote
On a longer-term studies, the pair has breached the neckline of a "complex Head and Shoulder" pattern _at 1.5910/30, which, in case of confirmation could drive the pair towards December 2010 lows, at 1.5350 area.
http://www.fxstreet.com/news/forex-n...9-570374d9494e
Don't get mad, get even!
  • #283,910
  • Jul 11, 2011 8:43am Jul 11, 2011 8:43am
thinking we see 1.59 tested very soon?
  • #283,911
  • Jul 11, 2011 8:58am Jul 11, 2011 8:58am
It was definitely a nice fakeout, 60 pips retrace

Reload or not, this is the question now.
Don't get mad, get even!
  • #283,912
  • Jul 11, 2011 9:00am Jul 11, 2011 9:00am
Just Back again..

I am in for Short..1.5924

What a boring to wait the breakout
  • #283,913
  • Jul 11, 2011 9:02am Jul 11, 2011 9:02am
Quoting sinchan
Just Back again..

I am in for Short..1.5924

What a boring to wait the breakout
H1 closed 5925 after 5887 low, good luck with that one.
I got a short triggered at 5910
Don't get mad, get even!
  • #283,914
  • Jul 11, 2011 9:03am Jul 11, 2011 9:03am
50 Tp achieve... He he he
Rome was not built in a day, but I will do in a day if it was me.
  • #283,915
  • Jul 11, 2011 9:11am Jul 11, 2011 9:11am
Quoting sinchan
Just Back again..

I am in for Short..1.5924

What a boring to wait the breakout
Alhamdulillah,, Out +12 Green pips

I love to trade in the Side Ways, and I love to trade the News also recently
  • #283,916
  • Jul 11, 2011 9:20am Jul 11, 2011 9:20am
Watch now proper retest of 5900.
Don't get mad, get even!
  • #283,917
  • Jul 11, 2011 9:22am Jul 11, 2011 9:22am
Now we're talking
Don't get mad, get even!
  • #283,918
  • Jul 11, 2011 9:29am Jul 11, 2011 9:29am
5888 being stubborn for some reason, anyone else got something at that level?
Don't get mad, get even!
  • #283,919
  • Jul 11, 2011 9:41am Jul 11, 2011 9:41am
I have Enough Trade Today, ALhamdulillah...

See U Tomorrow Guys..

Good Luck

Salam
  • #283,920
  • Jul 11, 2011 10:05am Jul 11, 2011 10:05am
Quoting stulic
5888 being stubborn for some reason, anyone else got something at that level?
Maybe its the Fib level from the December - May swing.
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