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Cable Update (GBPUSD)

  • #284,101
  • Jul 13, 2011 2:25am Jul 13, 2011 2:25am
Quoting Johnny Depp
its mean we only going to take what ever that going North....savy..


You guys are speaking gibberish to me.....


Those numbers/levels are insignificant at this point in time......
Gmail: 4xmiracle
  • #284,102
  • Jul 13, 2011 2:26am Jul 13, 2011 2:26am
And thats the end of my shorts on this and AUD!
  • #284,103
  • Jul 13, 2011 2:26am Jul 13, 2011 2:26am
G/M

Yesterday's recovery from yesterday's Daily S2/Previous 4hr/Daily swing lo zone/38.2% 4225-6746 has resulted in an opa 1hr uptrend and a bullish hammer printed on yesterday's Daily candle whcich has now seen some upside follow thru to a new hi.

4hr remains in a general downtrend and both 1hr and 4hr 100sma's remain below their respective 200sma's. Daily remains in an opa downtrend.

Recovery off yesterday's 5979 Lo has been strong and the 4 fib cluster listed below has just been exceeded to the upside:

5958-63 61.8% 6077-5779, 38.2% 6262-5779, 23.6% 6546-5779 and 50% 6139-5779

Above here:

5994 Daily R1 @/around
6001 61.8% 6139-5779
6007 76.4% 6077-5779 and 23.6% 6746-5779
6020 50% 6262-5779
6031 38.2% 6441-5779
6035-41 prev 1hr/4hr sw hi zone with 6042 Weekly Pivot @/around
(1hr/4hr descending trend lines 6021 then 6030-450 area)
6052-56 prev 1hr sw hi zone with 6054 76.4% 6139-5779 and 6055 Daily R2 @/around
6067-78 prev 1hr/4hr/daily sw hi zone with 61.8% 6262-5779 and 38.2% 6546-5779 @ 6073

G/L
ex member
  • #284,104
  • Jul 13, 2011 2:28am Jul 13, 2011 2:28am
but of coz this journey to The north is for a short- term only.... on daily chart... its still a down trend.... but who cares... when u know a system... then u can bend a system...
  • #284,105
  • Jul 13, 2011 2:28am Jul 13, 2011 2:28am
Quoting 4xMiracle
what do you mean?

i mean those lines
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90% of traders use TA, indicators and prediction
  • #284,106
  • Jul 13, 2011 2:33am Jul 13, 2011 2:33am
Event Risk: Uk employment numbers @ 0930am London..could see a market reaction.

G/L
ex member
  • #284,107
  • Jul 13, 2011 2:35am Jul 13, 2011 2:35am
Likely took a few short stops with this strong 4hr pullback ?

1hr is below re potential downside obstacles.

G/L
Attached Image
ex member
  • #284,108
  • Jul 13, 2011 2:40am Jul 13, 2011 2:40am
Quoting _BBKing_
i mean those lines
You guys still use MA's???

lol but i see what your saying........


A/U im entering buy positions now also 1.0668....
And since were talking MA's a/u on 4hr there's 100sma/200sma confluence...were bouncing off that ready to retest highs a hundred pips or so from current position...however according to hourly charts you all consider this a downtrend Retracement, correct?

Meanwhile Im also going to take a long position on The GBP/JPY @ 127.03 when price reaches.... then call it a night we'll see
Gmail: 4xmiracle
  • #284,109
  • Jul 13, 2011 2:41am Jul 13, 2011 2:41am
expecting nice movement in 50 minutes.
  • #284,110
  • Jul 13, 2011 2:46am Jul 13, 2011 2:46am
Yeah... this is what Im want to see.... the market is going south.... this going to be a good indicator for me..... something that I doubt a market maker going to give.... unless they r stupid enough to give it anyway..
  • #284,111
  • Jul 13, 2011 2:47am Jul 13, 2011 2:47am
5884-87 is 50% of the 5997-current daily hi and daily Pivot @/around.

G/L
ex member
  • #284,112
  • Jul 13, 2011 2:50am Jul 13, 2011 2:50am
will anything set-up to buy the pullback of the 1hr upmove? will see what develops on 5min or below. This could of course be the end of the 4hr pullback from 5779 of it's downtrend ? Lol

G/L
ex member
  • #284,113
  • Jul 13, 2011 2:55am Jul 13, 2011 2:55am
Quoting Praga
expecting nice movement in 50 minutes.
definitely...we'll be able to better gauge when that time comes
Gmail: 4xmiracle
  • #284,114
  • Jul 13, 2011 2:57am Jul 13, 2011 2:57am
1st b/o - pullback and 2nd truer b/o of 15min-1hr recent congestion ? any support in/about that channel ?

Time will tell

G/L
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ex member
  • #284,115
  • Jul 13, 2011 3:01am Jul 13, 2011 3:01am
1hr closes as a doji (esq) candle -

G/L
ex member
  • #284,116
  • Jul 13, 2011 3:01am Jul 13, 2011 3:01am
Quoting 4xMiracle
You guys still use MA's???

lol but i see what your saying........


A/U im entering buy positions now also 1.0668....
And since were talking MA's a/u on 4hr there's 100sma/200sma confluence...were bouncing off that ready to retest highs a hundred pips or so from current position...however according to hourly charts you all consider this a downtrend Retracement, correct?

Meanwhile Im also going to take a long position on The GBP/JPY @ 127.03 when price reaches.... then call it a night we'll see
uhm,
i use emas in all TF on my working chart. are a good way to define a lot of things. anyway im not used to call it a retracement or pullback or what ever.... coz we cant say it is a retracement until it has happened!
only a pullback is a puulback coz usually is of 10-40 pips n happen fast.
in my trading style, hourly chart i call it uptrend into a major daily downtrend
90% of traders use TA, indicators and prediction
  • #284,117
  • Edited 3:04am Jul 13, 2011 3:02am | Edited 3:04am
Quoting josef
Hello.

Yesterday I finally pick up a good long position 1.5828 - 1.5928. It took be back to BE for this week.

Sell area 1.5950-1.5970
Hourly pinbar should be a good confirmation of the short. But anything can happen. News in half hour can change this view.
  • #284,118
  • Jul 13, 2011 3:05am Jul 13, 2011 3:05am
is that it?.... like I said... the market maker r not stupid enough to go for a short this time.... not even with a powerfull news like NFP....
  • #284,119
  • Jul 13, 2011 3:06am Jul 13, 2011 3:06am
Quoting _BBKing_
uhm,
i use emas in all TF on my working chart. are a good way to define a lot of things. anyway im not used to call it a retracement or pullback or what ever.... coz we cant say it is a retracement until it has happened!
only a pullback is a puulback coz usually is of 10-40 pips n happen fast.
in my trading style, hourly chart i call it uptrend into a major daily downtrend
oh ok
Gmail: 4xmiracle
  • #284,120
  • Jul 13, 2011 3:09am Jul 13, 2011 3:09am
I'll go Long after the price reach the bottom point just before the news
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