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Cable Update (GBPUSD)

  • #284,701
  • Jul 20, 2011 3:42pm Jul 20, 2011 3:42pm
Quoting _BBKing_
im waiting that white ema60 in m5 chart

Will dat be a nice price to Buy
Keep the Lights on then you can catch the rise from the dark.
  • #284,702
  • Jul 20, 2011 5:33pm Jul 20, 2011 5:33pm
japan should learn not to boost in this way the market
90% of traders use TA, indicators and prediction
  • #284,703
  • Jul 20, 2011 6:00pm Jul 20, 2011 6:00pm
I am Done..!!

Bears Died already..
  • #284,704
  • Jul 20, 2011 7:22pm Jul 20, 2011 7:22pm
I think now the time for bullish...am I right? or this is just swing up before further falling? please share...
"sharing knowledge make us more rich"
  • #284,705
  • Jul 20, 2011 8:10pm Jul 20, 2011 8:10pm
In 15m tf double top mention it can fall back.

Eur sentiments/movement is to watch,

if drops , gbp follow

just my guess,

sharing .

Nothing is solid on chart for time being.
  • #284,706
  • Jul 20, 2011 8:36pm Jul 20, 2011 8:36pm
Quoting amarzafar9
In 15m tf double top mention it can fall back.

Eur sentiments/movement is to watch,

if drops , gbp follow

just my guess,

sharing .

Nothing is solid on chart for time being.

r u talking about a double top for GU
Keep the Lights on then you can catch the rise from the dark.
  • #284,707
  • Jul 20, 2011 8:42pm Jul 20, 2011 8:42pm
Here's my plans, gbp seems more likely to be going north.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-21-H4.GIF Size: 44 KB
Believe what you see instead of what you think!
  • #284,708
  • Edited 9:01pm Jul 20, 2011 8:45pm | Edited 9:01pm
Possible idea for swing trade

http://img36.imageshack.us/img36/2730/gbpusd21july.jpg

Uploaded with ImageShack.us

Price is now at a critical fib which also coincides with the trendline, bears can enter right about now with stops just above 1.62xx
  • #284,709
  • Jul 20, 2011 8:46pm Jul 20, 2011 8:46pm
Quoting ricmaj
r u talking about a double top for GU
Yes. GBP/USD in m15 TF . 1.6190 resistance line holding daily chart.
  • #284,710
  • Edited 9:34pm Jul 20, 2011 8:59pm | Edited 9:34pm
.
TP Hit based on TF m10
Attached Image (click to enlarge)
Click to Enlarge Name: m10 gu.gif Size: 14 KB
not euphoria follower
  • #284,711
  • Jul 20, 2011 9:57pm Jul 20, 2011 9:57pm
we have touched that supply (resistance area) for 4th time, reject perhaps not so powerful how it might seem from the chart.. recent drop caused apparently by chinese data surprise but shorts could go well until 6100-611x. i'll watch for pa in the green area to buy.

something has got my attention last two weeks: the kind of pattern marked grey. it's a move up that seems to run out of steam, top becomes rounded then a quick sudden drop happens luring in shorts, then few moments doing seemingly nothing and then it shoots up to the moon - very powerful moves. it happens in all timeframes downto M1.. eu au and gu. some usd-bearish orderflow BS (bullish slingshot ).

one of them possibly developing now in H1 cable.
Attached Image (click to enlarge)
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  • #284,712
  • Jul 20, 2011 10:13pm Jul 20, 2011 10:13pm
Quoting MaryJane
we have touched that supply (resistance area) for 4th time, reject perhaps not so powerful how it might seem from the chart.. recent drop caused apparently by chinese data surprise but shorts could go well until 6100-611x. i'll watch for pa in the green area to buy.

something has got my attention last two weeks: the kind of pattern marked grey. it's a move up that seems to run out of steam, top becomes rounded then a quick sudden drop happens luring in shorts, then few moments doing seemingly nothing and then it shoots up to the moon -...
I concur MaryJane......I noticed that same area on the chart watched it happen actually.....that big bar down then the slow move up......hmmmmm I am currently short 1.61 because of all the candle sticks that followed that interesting pattern.....I am looking for price to move back down to the 1.60 area......China PMI has helped to start the move....I am waiting for the Euro pmi to push the move further....and then the gbp retail sales should turn this pair south and a move to 1.57 should not be out of the question.
I don't trust any move - when you have profit...take it.
  • #284,713
  • Jul 20, 2011 10:30pm Jul 20, 2011 10:30pm
Hi friends. My shorts on this Gu closed with losses after it cross over the daily trend line. As it clearly shows the uptrend is in control now. so i am not in the short side as far now. In the chart it showing the triangle pattern is in the process which would take us near 6300 in few days. I am long now in this pair.
Attached Image (click to enlarge)
Click to Enlarge Name: trend.gif Size: 25 KB
  • #284,714
  • Jul 20, 2011 10:54pm Jul 20, 2011 10:54pm
Quoting Faller
I am waiting for the Euro pmi to push the move further....and then the gbp retail sales should turn this pair south and a move to 1.57 should not be out of the question.
yes maybe today cable cuts its gordian knot, so far we're trapped inside the 400pip upmove. nobody knows what happen next and i personally will probably stay aside today. but if i had to place a trade (trade or die) it would be a long... not now but lower, as close to 6080 as possible. break below 6065 gets the bear into the game again.

here's my wedge update.. btw the real supply is above the current area imo, starting around 6200.. bulls could get toasted there.. break and hold above 6262 could open the door to a BIG move up. time will tell.

gl to all the bravehearts trading cable in its psychotically deranged phase
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  • #284,715
  • Jul 20, 2011 11:35pm Jul 20, 2011 11:35pm
Well were smacking into pretty strong resistance in the 616x region but theres quite a bit of upside pressure so we may get a breakout like we have in EUR. Sure wouldnt be going long prior to that happening but not game to short either. Trendlines being well followed so Im waiting it out for a bit.
  • #284,716
  • Edited 11:58pm Jul 20, 2011 11:38pm | Edited 11:58pm
Morning , so price hit exactly tl 6173 & now waiting it breaks , retest next time while doing scalping short for tp areas 6117,03 & 6092.
lets see what next. anyway price may even go 6180 before down & so scalping all risky way to to adjust likewise. no good trade before breaks 6200 & hold.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #284,717
  • Jul 21, 2011 12:21am Jul 21, 2011 12:21am
20 pips tp hit for buy cable at 1.6152 to tp 1.6172. looking for dip to buy again.
  • #284,718
  • Jul 21, 2011 12:31am Jul 21, 2011 12:31am
Just an update as doing scalping risky ones & one may think non-risky , checking the usdx chart to see what actually doing it . amazing it directly broke the trendline below & continues 5th wave . nothing that special rather than increased range & special precaution to excercise for scalping any long & short because not think it will much lower level of at tl 74.68 & there must be some reaction . so gu , eu even breaks up can be a false break type , break but not hold one & back at higher level than expected before . mysel not taking much care as can absorb it go some up before down , short at & any high to take tp at higher level .
thanks ,
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 10 KB
Click to Enlarge Name: eu3.gif Size: 11 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #284,719
  • Jul 21, 2011 12:37am Jul 21, 2011 12:37am
Quoting fontu
Morning , so price hit exactly tl 6173 & now waiting it breaks , retest next time while doing scalping short for tp areas 6117,03 & 6092.
lets see what next. anyway price may even go 6180 before down & so scalping all risky way to to adjust likewise. no good trade before breaks 6200 & hold.
fontu

I agree with you. But the market seem not clear. am Hold a Sell targeting 6120. It just one risky trade i have to place.
Keep the Lights on then you can catch the rise from the dark.
  • #284,720
  • Jul 21, 2011 12:42am Jul 21, 2011 12:42am
Quoting fontu
Just an update as doing scalping risky ones & one may think non-risky , checking the usdx chart to see what actually doing it . amazing it directly broke the trendline below & continues 5th wave . nothing that special rather than increased range & special precaution to excercise for scalping any long & short because not think it will much lower level of at tl 74.68 & there must be some reaction . so gu , eu even breaks up can be a false break type , break but not hold one & back at higher level than expected before . mysel not taking much care as...

so USDX chart favours GU south.
Keep the Lights on then you can catch the rise from the dark.
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