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Cable Update (GBPUSD)

  • #284,221
  • Jul 13, 2011 4:19pm Jul 13, 2011 4:19pm
Quoting _BBKing_
no i dont do .
i leave.
ok..yea on second thought i also shorted gbp/chf.....ready to crash and burn dont ya think?
Gmail: 4xmiracle
  • #284,222
  • Jul 13, 2011 4:22pm Jul 13, 2011 4:22pm
CHF strengthening .... Eur/chf can sell too when price reaches 1.1537..continuation

Usd/Chf sell also with a minor pullback for better entry..
Gmail: 4xmiracle
  • #284,223
  • Jul 13, 2011 4:23pm Jul 13, 2011 4:23pm
Well, there they go........
Gmail: 4xmiracle
  • #284,224
  • Jul 13, 2011 4:28pm Jul 13, 2011 4:28pm
Quoting sinchan
Just Back again to the screen.. I didnt trade the US news, after scalped a bit and traded the UK news I got a paint full headache , Used to to get it when I been exhausted spent my time in front of the screen...

But I read a comment from some friends in this thread, that was confused with the way of the Price acted today, and badly some people who dont have any idea to what is going on just make a complicated story that lead to another confusion.. Well as a newbie I can say : I'll lost much more money if I follow those complicated analysis &...
wasalaam

im very new could u advise as to what the best way to learn might be.?

shukr
  • #284,225
  • Jul 13, 2011 4:42pm Jul 13, 2011 4:42pm
This is a legit breakout on g/u...albeit its rather weak as we do not have the higher timeframes settled yet and true range has not been determined. So This is still random...in a couple of hours you will be able to tell and at that time if we raise above the high this will take off for a hundred or so pips/aka another powerful rally.....


CHF pairs were confirmed/settled on higher timeframes, then we get the breakout...and commencement of our drop
Gmail: 4xmiracle
  • #284,226
  • Jul 13, 2011 5:01pm Jul 13, 2011 5:01pm
Quoting med doc
wasalaam

im very new could u advise as to what the best way to learn might be.?

shukr
Will be my honor to help U Brother

please go to this page : http://www.michaelthomsett.com/books09.pdf

Those all the book that is necessary for us to read, there is a book also related the trading with the candle stick..

Hopefully it will be useful .. Salam
  • #284,227
  • Jul 13, 2011 7:31pm Jul 13, 2011 7:31pm
1.637 maybe ? if it breaks out 1.625
  • #284,228
  • Jul 13, 2011 10:52pm Jul 13, 2011 10:52pm
Quoting jeremyyn
1.637 maybe ? if it breaks out 1.625
I lost a lot from moody news last night.. down 170 pips.. :-(
Anyone know if moody news is scheduled or what?
  • #284,229
  • Edited 11:31pm Jul 13, 2011 10:56pm | Edited 11:31pm
Quoting santhosh44
that must be SignalBars .. attached ..
Thank you..
  • #284,230
  • Jul 13, 2011 11:20pm Jul 13, 2011 11:20pm
adding long here. 6137.
  • #284,231
  • Jul 14, 2011 12:17am Jul 14, 2011 12:17am
Quoting PipPipPip
adding long here. 6137.
I am short since1.6169 - hope to go down all the way
  • #284,232
  • Jul 14, 2011 1:14am Jul 14, 2011 1:14am
Quoting solofx1
I am short since1.6169 - hope to go down all the way
gl to us both. London will tell us.
  • #284,233
  • Jul 14, 2011 1:19am Jul 14, 2011 1:19am
Quoting PipPipPip
gl to us both. London will tell us.
Down - more out of hope than conviction
  • #284,234
  • Jul 14, 2011 1:31am Jul 14, 2011 1:31am
30M chart people. Take a peek. :nerd:

Ill also get back in my cave now.
  • #284,235
  • Jul 14, 2011 2:04am Jul 14, 2011 2:04am
good morning people
gbp touched 6190 which was to cover the old uncovered pivot.
then came again 6100 to call for more buyers and still unable to cross 6150
there is a kind of large range also in fast TF

looking at daily if today or tomorrow price won't cross above 6220-6230 n close there, imho will crash fast to at least 6000 again.
my 2 cents.....
Attached Image (click to enlarge)
Click to Enlarge Name: gusdd1.gif Size: 50 KB
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  • #284,236
  • Jul 14, 2011 2:09am Jul 14, 2011 2:09am
G/M

Very strong perfect bullish thrust daily candle follow thru printed yesterday off Tuesday's daily bullish hammer candle...price has moved up 400+ pips from the 5779 current weekly Lo.

1hr/4hr are in opa uptrends and the current trend hi [6194] is @ the descending 4hr/daily trend line /61.8% 6441-5779. Daily remains in a downtrend although the 6194 Hi is now printed as a H above last LH on that t/f.

Above current Hi:

6207 61.8% 6470-5779
6240-6262 prev 4hr/daily swing hi zone with Weekly R2/Daily R1 @/around 6250, 6252 = 50% 6546-5779, and 6262 = 50% 6746-5779
6284 76.4% 6441-5779
6308 76.4% 6470-5779
6338 Daily R2 @/around
6361 Weekly R3 @/around
6366 76.4% 6546-5779
6376 61.8% 6746-5779

The current near-term 1hr screenshot shows the potential downside obstacles...the Daily Pivot is @/around 6078..fibs are drawn from 5779, 5903 and 5631 to current 6194 Hi.

No known Uk event risks, U.s Retail Sales/Bernanke etc later.

G/L
Attached Image (click to enlarge)
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ex member
  • #284,237
  • Jul 14, 2011 2:13am Jul 14, 2011 2:13am
The 4hr/daily descending trend line is shown above-current 6194 1hr/4hr uptrend Hi there.


Are the 'buy the dip buyers gonna come in for this again at some point ?'

G/L
Attached Image (click to enlarge)
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ex member
  • #284,238
  • Jul 14, 2011 2:14am Jul 14, 2011 2:14am
Quoting PipPipPip
30M chart people. Take a peek. :nerd:

Ill also get back in my cave now.
thank you
i checked m30 n it shows again the range 6020-6150 in need of some consolidation today or another day.
anyway as the green line is near would be better wait reaction near it.
isn't it?
have you something more about m30?
Attached Image (click to enlarge)
Click to Enlarge Name: gusdm30.jpg Size: 210 KB
90% of traders use TA, indicators and prediction
  • #284,239
  • Jul 14, 2011 2:17am Jul 14, 2011 2:17am
m30....
the other was h1
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90% of traders use TA, indicators and prediction
  • #284,240
  • Jul 14, 2011 2:17am Jul 14, 2011 2:17am
earlier on during overnight session : a classic 30min regular immediate bearish divergence play on 30min at the 6194/trend line Hi.

G/L
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