For me GBP/USD is still in down trend.
Cable Update (GBPUSD)
- #284,442
- Jul 15, 2011 7:17am Jul 15, 2011 7:17am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Attached is my current chart
told you to move SL below actual daily lowest...
is better a 6080.
a move to 6120-6130 has come...
i closed my long manually @6130 few minutes ago.
sincerely is bit risky to hold now a so large stop, with so high entry, with so big moves comming up.
money is yours so you decide nobody can say something 100% correct..
in my daily study i expect gbp to breake up huge n go into 63 area.
the matter is on the possible move to 59 area.
i cant say which will come first: if 63 then 59 or if 59 then 63.
i hope for you you are not loosing too much on that trade
and i really hope you will get good profit on it. but watch out next moves in 30 minutes!
90% of traders use TA, indicators and prediction
- #284,443
- Jul 15, 2011 7:18am Jul 15, 2011 7:18am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
85-105..distribution ?
for the moment im out i wait data comming from USA
once broken this area will give a back test
90% of traders use TA, indicators and prediction
- #284,444
- Jul 15, 2011 7:21am Jul 15, 2011 7:21am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
1.6080 support area worked great:
how is there?
so nice support i went long few pips above but already closed
market is doing what i expected it to do before moody's talk about usa debt: a move near 6080 support to try to breake up
lets see now if market eats the resistance area.
90% of traders use TA, indicators and prediction
- #284,445
- Jul 15, 2011 7:23am Jul 15, 2011 7:23am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Very true, in intra-week terms the resistance that's been capping bulls for some time proved very strong again.
Multiple attempts to break through upper pink trendline failing, h4 also closing always inside orange channel.
Also below a possible breakout of an ascending triangle. I love H4 line charts since they disregard sudden spikes and fundamentally driven rallies
90% of traders use TA, indicators and prediction
- #284,446
- Jul 15, 2011 7:30am Jul 15, 2011 7:30am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
apparently so.. once demand over there fulfilled they're gonna marking down.
could US CPI or Euro Bank Stress Test Results be the trigger ?
only time will tell.
see M / double top formation
.
that 'double top' looks interesting.
im waitin the final confirmation or the breake
closing candles h1 below 6080 or above 6200
in the middle i only 'scalping' some 10-30-50 pips
90% of traders use TA, indicators and prediction
- #284,448
- Jul 15, 2011 7:45am Jul 15, 2011 7:45am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #284,450
- Jul 15, 2011 7:48am Jul 15, 2011 7:48am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #284,453
- Jul 15, 2011 8:12am Jul 15, 2011 8:12am
- | Joined Jun 2010 | Status: Trader | 1,429 Posts
in the middle i only 'scalping' some 10-30-50 pips
- #284,457
- Jul 15, 2011 8:33am Jul 15, 2011 8:33am
this is another amazing moves.... may I ask u why u make that choice?
. In my opinion, the price should bounce for a while. This is base on price action at 15m. but 1.62 maybe he got his own indication. hope this can make you in comfortable..
Artist lead and hacks ask for a show of hands.
- #284,458
- Jul 15, 2011 8:36am Jul 15, 2011 8:36am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Long 1.6077...SL 25 TP 1.62's
90% of traders use TA, indicators and prediction
- #284,459
- Jul 15, 2011 9:05am Jul 15, 2011 9:05am
- | Joined May 2010 | Status: Trader | 1,017 Posts
this is another amazing moves.... may I ask u why u make that choice?