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Cable Update (GBPUSD)

  • #284,021
  • Jul 12, 2011 4:03am Jul 12, 2011 4:03am
we had the 5min bullish regular immediate divergence play the current lo (Dly S2/38.2% 4225-6746, top 1/2 prev dly swing lo zone.)

Will the sell the rally type sellers come in for it ?

G/L
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ex member
  • #284,022
  • Jul 12, 2011 4:05am Jul 12, 2011 4:05am
ok
got out 5840
nice 35 pips
reasons: my h4 not yet ready for longs.

i leave
good luck guys!
90% of traders use TA, indicators and prediction
  • #284,023
  • Jul 12, 2011 4:12am Jul 12, 2011 4:12am
Finishing here for session/day too...pullback has reached 23.6% of the 6056-current daily lo move (so far ?)

Last look at current 1hr near-term screenshot re upside potential obstacles..arguably only the yellow and orange fibs (6128 and 6077 to current daily lo) are important on this t/f, others on 4hr/daily from higher swing hi's mentioned earlier, are not shown on this screenshot.

G/L
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ex member
  • #284,024
  • Jul 12, 2011 4:21am Jul 12, 2011 4:21am
Quoting bbmac
Finishing here for session/day too...pullback has reached 23.6% of the 6056-current daily lo move (so far ?)

Last look at current 1hr near-term screenshot re upside potential obstacles..arguably only the yellow and orange fibs (6128 and 6077 to current daily lo) are important on this t/f, others on 4hr/daily from higher swing hi's mentioned earlier, are not shown on this screenshot.

G/L
sorry man im confusing u with tmac..
i just realised

u both analyse chart similar..and i just assumed yur one of the same..tricked!
  • #284,025
  • Jul 12, 2011 4:39am Jul 12, 2011 4:39am
GBP is rubbish now.....weak and weaker
"sharing knowledge make us more rich"
  • #284,026
  • Jul 12, 2011 4:56am Jul 12, 2011 4:56am
Quoting DubaiFX
Guys Be carefull here Big Boys are playing there balls,
it may lead us to 1.5850 first then 1.5770
there are possible targets,
and if 5900 not broken today or tomorrow then long will be getting in very fast,
either ways wish you all Green PIPS.
as i said before 5900 taken out then it may fall very fast and it did
1.5770 i mentioned last time and we just hit 1.5775
nice,
and in my other post i mentioned 1.5850 will be the key
as you can see that we have came back very fast back to 5850..
from here i am neutral on GBP
have a close look on weekly if things gone as planned 2-3 weeks 1.53xx will be the target.
but if only daily closed below 1.5770..
lets see it today is the day.
Don't compare your Trades with Others
  • #284,027
  • Jul 12, 2011 6:06am Jul 12, 2011 6:06am
Quoting sinchan
Take a Break First Bro, U already so Tired.. Do Not Scalping today, we wait till the long reach it peaks, then we go Short just before the News and hold the position till all the news released..That what I am Gonna do..

Keep the Spirit Bro
What A Nice Short

Sometimes people just Talk too Much, But Time will Reveal The Truth,

Enough Trade..Alhamdulillah

Salam
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  • #284,028
  • Jul 12, 2011 6:23am Jul 12, 2011 6:23am
i hope for long now
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  • #284,029
  • Jul 12, 2011 6:24am Jul 12, 2011 6:24am
for the moment only m1 candles closed below 5800 line
90% of traders use TA, indicators and prediction
  • #284,030
  • Jul 12, 2011 6:34am Jul 12, 2011 6:34am
Long at 1.5820 my first trade today.
  • #284,031
  • Jul 12, 2011 6:36am Jul 12, 2011 6:36am
Quoting DubaiFX
as i said before 5900 taken out then it may fall very fast and it did
1.5770 i mentioned last time and we just hit 1.5775
nice,
and in my other post i mentioned 1.5850 will be the key
as you can see that we have came back very fast back to 5850..
from here i am neutral on GBP
have a close look on weekly if things gone as planned 2-3 weeks 1.53xx will be the target.
but if only daily closed below 1.5770..
lets see it today is the day.

past months 5850 always been nice entry level! both for shorts n longs...
imho 5349 will come earlier than 2-3 weeks unless price take a coffee now in 5760-5930 range
lets see
90% of traders use TA, indicators and prediction
  • #284,032
  • Jul 12, 2011 6:37am Jul 12, 2011 6:37am
ok i re-leave markets.
still not a good setup will come back later....
90% of traders use TA, indicators and prediction
  • #284,033
  • Jul 12, 2011 6:38am Jul 12, 2011 6:38am
my long stop out , but with +5 pip
Mohan
  • #284,034
  • Jul 12, 2011 6:53am Jul 12, 2011 6:53am
Quoting _BBKing_
ok i re-leave markets.
still not a good setup will come back later....
Market will wait for you!

My long already in 30 pips profit.
  • #284,035
  • Jul 12, 2011 6:54am Jul 12, 2011 6:54am
Quoting josef
Market will wait for you!

My long already in 30 pips profit.
I see 1,5920
  • #284,036
  • Jul 12, 2011 7:06am Jul 12, 2011 7:06am
Hi all experts,

I m new to forex. As for GBPUSD may I know what is the criteria that make u all think that it will go long?

I have already go for short for the following reason:
1. CPI of German showing worse than estimated number
2. The major trend of M15 is downward

Now i m still in the losing position of -50pips (open position at 1.57952 : right after news release). Please advise.
  • #284,037
  • Jul 12, 2011 7:23am Jul 12, 2011 7:23am
Will this news move Gu
Keep the Lights on then you can catch the rise from the dark.
  • #284,038
  • Jul 12, 2011 7:33am Jul 12, 2011 7:33am
Sometimes I just waiting for Comment of 2 Master Trader in this thread :...Galation (David) and Josef..

Just Like Candle stick, that can tell us about the market, same things to the People who Really Trade and Mastering Forex, We can find through some indicators, such as bellow :..

1. People who really mastering Forex they not gonna trade with the complicated things, .. As complicated its analysis that indicating what amateur the trader..

2. Humble.. That is another indication, in forex what we won yesterday never becoming a standard for the future success that is why Humble is being a solution to control the greediness and arrogant that can lead us to loose

When we found those things then its necessary for us to read all the post that he posted to gain more knowledge for our good.. I did that for Josef and Galation Post..

Just wanna Share

Salam
  • #284,039
  • Jul 12, 2011 8:06am Jul 12, 2011 8:06am
Quoting sinchan
Sometimes I just waiting for Comment of 2 Master Trader in this thread :...Galation (David) and Josef..
..............

When we found those things then its necessary for us to read all the post that he posted to gain more knowledge for our good.. I did that for Josef and Galation Post..

Just wanna Share

Salam
Thank you sinchan,
and you're one of low profile master too...
  • #284,040
  • Jul 12, 2011 8:47am Jul 12, 2011 8:47am
hi

I'm out the market ... we are in area cable could go up or down .... when breakout happen i'll enter ... otherwise its sclaping time
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