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Cable Update (GBPUSD)

  • #284,861
  • Jul 22, 2011 5:13am Jul 22, 2011 5:13am
i refreshed my daily after recent moves
we are in a supply area until it breakes into above at least 6380

above is daily strong trendline upward (double green) near 6400-6420 also 23% fibo main move.

below is the 6210 6230 n 6250 uncovered

imho is strongly possible to see a back test of previuos daily downward channel. would mean 6190 and bit lower.

anyway, for the moment im 'scalping' 10 pips here n 15 pips there....
Attached Image (click to enlarge)
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  • #284,862
  • Jul 22, 2011 5:17am Jul 22, 2011 5:17am
Quoting _BBKing_
i refreshed my daily after recent moves
we are in a supply area until it breakes into above at least 6380

..........

anyway, for the moment im 'scalping' 10 pips here n 15 pips there....

the buy position you see on my daily chart is a scalp where i have already closed profits n i let it run only 20% of whole position .....
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  • #284,863
  • Jul 22, 2011 5:19am Jul 22, 2011 5:19am
Quoting ricmaj
GU Long is confirmed. Buy with the small dips. Target 6356 a trickish resistance at 6331, but it wont hold.
There didn't seem to be anything at 6331 earlier today, but there was a strong rejection at 6337. So I wanna see 6340 taken out before stacking up on longs, currently only one open from 6290. We should see 64+ even before NY open.
I'm not saying we will tho.
Don't get mad, get even!
  • #284,864
  • Jul 22, 2011 5:20am Jul 22, 2011 5:20am
my instict say me that price will be ready to move and print new high or new low during NY session.

uhm
lets see what goes on
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  • #284,865
  • Jul 22, 2011 5:26am Jul 22, 2011 5:26am
what let me feel more up move is the b/o of h1 pattern with previous candle strong close above it
fast TF still not completely ready
and also ema 60 (white) still a bit far...

surely going long here 6320 hard thing to do imho

i agree stulic, better wait a b/o 6340
also possible to search positions if goes again down into 62's
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90% of traders use TA, indicators and prediction
  • #284,866
  • Jul 22, 2011 5:44am Jul 22, 2011 5:44am
into this h1 an m5 candle closing above 6320 would give more power to the 6340 again
closing below 6307 i will close my position

lets see
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  • #284,867
  • Jul 22, 2011 5:50am Jul 22, 2011 5:50am
Quoting stulic
There didn't seem to be anything at 6331 earlier today, but there was a strong rejection at 6337. So I wanna see 6340 taken out before stacking up on longs, currently only one open from 6290. We should see 64+ even before NY open.
I'm not saying we will tho.

From My Chart Analysis I say 6331 is a trickish resistance due to the fact that its the new rejection area. Break in it will give room to a new up channel.
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Keep the Lights on then you can catch the rise from the dark.
  • #284,868
  • Jul 22, 2011 5:54am Jul 22, 2011 5:54am
90% of traders use TA, indicators and prediction
  • #284,869
  • Jul 22, 2011 5:57am Jul 22, 2011 5:57am
stupid PA
  • #284,870
  • Jul 22, 2011 5:58am Jul 22, 2011 5:58am
Quoting ricmaj
From My Chart Analysis I say 6331 is a trickish resistance due to the fact that its the new rejection area. Break in it will give room to a new up channel.
thanks i didnt notice the DL n the pink one
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  • #284,871
  • Edited 6:55am Jul 22, 2011 6:02am | Edited 6:55am
closed below lower supply on 5M, it is down to 6280 (first move)
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  • #284,872
  • Jul 22, 2011 6:09am Jul 22, 2011 6:09am
ok i took out whole long position @6315
anyway good profits doesn't matter where it goes now.

i will get it again later after lunch
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  • #284,873
  • Jul 22, 2011 6:19am Jul 22, 2011 6:19am
Quoting volforex
stupid PA
Yeah, they should get rid of it
Don't get mad, get even!
  • #284,874
  • Jul 22, 2011 7:10am Jul 22, 2011 7:10am
any one found support levels if GU Fall ? Please post .
  • #284,875
  • Jul 22, 2011 7:21am Jul 22, 2011 7:21am
Quoting amarzafar9
any one found support levels if GU Fall ? Please post .
i already posted mine also others
check previous posts
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  • #284,876
  • Jul 22, 2011 7:23am Jul 22, 2011 7:23am
short, long, then short, then again long...
and now short.
i feel drunk by these moves.

anyway getting nice pips in this closed ranging market.

i have already closed 50% of my short from 6301
i let it go SL @BE tgt 6255

if get 6278-80 will close another bit
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  • #284,877
  • Jul 22, 2011 7:28am Jul 22, 2011 7:28am
Quoting naser_mohamm
closed below lower supply on 5M, it is down to 6280 (first move)
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  • #284,878
  • Jul 22, 2011 7:34am Jul 22, 2011 7:34am
pfffff
looks like today only m5 can help for some scalps
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  • #284,879
  • Jul 22, 2011 7:48am Jul 22, 2011 7:48am
ok i leave guys
maybe my week is done.
if i see something good i will come later
90% of traders use TA, indicators and prediction
  • #284,880
  • Jul 22, 2011 7:52am Jul 22, 2011 7:52am
I enter sell at 6281 long to 6000 ,,,,, is this right or worng?
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