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Cable Update (GBPUSD)

  • #284,721
  • Jul 21, 2011 12:45am Jul 21, 2011 12:45am
If dollar gets weak, GU and EU goes up.

Quoting ricmaj
so USDX chart favours GU south.
  • #284,722
  • Jul 21, 2011 1:18am Jul 21, 2011 1:18am
Bears are all dead. Last of supply zone. The bulls are stronger usd is down
Keep the Lights on then you can catch the rise from the dark.
  • #284,723
  • Jul 21, 2011 1:19am Jul 21, 2011 1:19am
Reason USD going down because of GOLD price is going up.


Already + 25

i only target a small pip maybe will stop at 1.6210
Rome was not built in a day, but I will do in a day if it was me.
  • #284,724
  • Jul 21, 2011 1:29am Jul 21, 2011 1:29am
Quoting ricmaj
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.
yes proved risky & waiting . usdx below tl & hold still , strong bear no doubt there but a direct fall without reaction still not seems, a 3rd or 5th whatever end should retrace enough . franfurt & London approaching still not reaction that is one question or they may reverse all ? waiting , still time .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 13 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #284,725
  • Jul 21, 2011 1:31am Jul 21, 2011 1:31am
bull run...
Attached Image (click to enlarge)
Click to Enlarge Name: daily.gif Size: 28 KB
Trade responsiblypatience is the key/Swing trader
  • #284,726
  • Jul 21, 2011 1:31am Jul 21, 2011 1:31am
From below daily chart usually sign bearish
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 25 KB
  • #284,727
  • Jul 21, 2011 1:41am Jul 21, 2011 1:41am
GBP/USD intraday: the bias remains bullish. Pivot: 1.6100.

Most Likely Scenario: LONG positions @ 1.611 with 1.62 & 1.6245 in sight.

Alternative scenario: The downside breakout of 1.61 will open the way to 1.607 & 1.6055.

Comment: The pair is supported by a rising trend line.
  • #284,728
  • Edited 2:08am Jul 21, 2011 1:48am | Edited 2:08am
Quoting MaryJane
the real supply is above the current area imo, starting around 6200.. bulls could get toasted there.. break and hold
sold 6191 but risking 6 pips only.. edit: half closed +10 other half stopped @be
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MarginTrader All Time Return: na
  • #284,729
  • Jul 21, 2011 1:59am Jul 21, 2011 1:59am
another scenario....
Attached Image (click to enlarge)
Click to Enlarge Name: daily.gif Size: 29 KB
Trade responsiblypatience is the key/Swing trader
  • #284,730
  • Edited 2:19am Jul 21, 2011 2:06am | Edited 2:19am
Just see one mistake , usdx tl low price was exactly 74.54 where price stopped now with breaking mode though & previous were from higher tf close , low price & so some differences . hope next will work ok ,

gu price reached 6193 top & may het the reaction before breaks 6200 . waiting what does now frankfurt & london . bad morning today seems so far . nothing as per . short agin taken at top to see , all loss or all gain .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 17 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #284,731
  • Edited 2:19am Jul 21, 2011 2:06am | Edited 2:19am
Still bearish for the cable and holding on. As long as the price bounces off near the 1.6200 -/+ region, the pair would obey a daily trend line and ride downwards

http://img854.imageshack.us/img854/5...aily21july.jpg

Uploaded with ImageShack.us

A recap of the h4 trendline from a few hours back

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

Uploaded with ImageShack.us

Price is now hovering around the fib 50 level
  • #284,732
  • Jul 21, 2011 2:10am Jul 21, 2011 2:10am
waiting on 6200 touch...
and T/P 6225
I hope...
  • #284,733
  • Jul 21, 2011 2:11am Jul 21, 2011 2:11am
Attached Image (click to enlarge)
Click to Enlarge Name: daily.gif Size: 29 KB
Trade responsiblypatience is the key/Swing trader
  • #284,734
  • Jul 21, 2011 2:16am Jul 21, 2011 2:16am
Quoting jayjb
Still bearish for the cable and holding on. As long as the price bounces off near the 1.6200 -/+ region, the pair would obey a daily trend line and ride downwards

http://img854.imageshack.us/img854/5...aily21july.jpg

Uploaded with ImageShack.us

I agree....still holding my shorts......that is one ugly 15min candle that developed for the bulls....and one beautiful 15 min candle for the bears. Wtih retail sales coming out at 4:30 and think we should see a full retrace.
I don't trust any move - when you have profit...take it.
  • #284,735
  • Jul 21, 2011 2:17am Jul 21, 2011 2:17am
any body see m15 ?
not euphoria follower
  • #284,736
  • Jul 21, 2011 2:18am Jul 21, 2011 2:18am
This is a sensitive area, I choose to wait and see...
Believe what you see instead of what you think!
  • #284,737
  • Jul 21, 2011 2:22am Jul 21, 2011 2:22am
sensitive ? any chart ?

Quoting JasmineQu
This is a sensitive area, I choose to wait and see...
not euphoria follower
  • #284,738
  • Jul 21, 2011 2:25am Jul 21, 2011 2:25am
Quoting iqyu5an
sensitive ? any chart ?
Yeah, you can find my chart, posted a few hours earlier today.
Believe what you see instead of what you think!
  • #284,739
  • Jul 21, 2011 2:26am Jul 21, 2011 2:26am
Quoting JasmineQu
Yeah, you can find my chart, posted a few hours earlier today.
not euphoria follower
  • #284,740
  • Jul 21, 2011 2:36am Jul 21, 2011 2:36am
Quoting JasmineQu
This is a sensitive area, I choose to wait and see...
indeed!

no trade until the news...
I'm indeed a talking panda. How are you?
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