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Cable Update (GBPUSD)

  • #285,141
  • Jul 27, 2011 2:16pm Jul 27, 2011 2:16pm
Finally can Upload the Chart
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  • #285,142
  • Jul 27, 2011 2:29pm Jul 27, 2011 2:29pm
Quoting ns_karthik
cable heading to 6270...as per control bars...
Ok , bear hammar daily , next breaks 6263 confirm next bear candle to 6177. lets see .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #285,143
  • Edited 3:43pm Jul 27, 2011 3:36pm | Edited 3:43pm
Quoting MaryJane
double compression.. just quick note.. careful with longs, this can go deep (maybe! nobody knows)..
didn't follow own advice, hoped for a decent pullback, was very happy to close the long with +5p.

Sorry for posting the same chart on and on but levels still valid, added a minor demand zone just above 6300, can imply a corrective bounce for possible retest of broken TLs/ascending wedge. btw: there were talks about a demand zone around 6330; it's all very subjective but there was none in my book.

Possible scenario for upcoming hours/day? a double top or some kind of h&s could develop (6230-6420) - just a guess.

Rapid sell-off or straight bull attack with clear upside break less likely, but anything can happen as we all know, all it needs is some unexpected event or some wise words from agencies, politicians or other talking heads.
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  • #285,144
  • Jul 27, 2011 3:52pm Jul 27, 2011 3:52pm
ending my month/quarter here. next quarter will be interesting. i see some huge moves next week.
gl and have a good weekend!
http://www.smiley-lol.com/smiley/bananas/banana193.gif
  • #285,145
  • Jul 27, 2011 4:38pm Jul 27, 2011 4:38pm
Oh boy I'm so glad I slept through this, would probably try to find a bottom at least once.

There is a bearish wedge on a daily and possible dark cloud cover. RSI looks broken out of bullish trend while candle still inside.
Either way, not looking good for bulls tomorrow...
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Don't get mad, get even!
  • #285,146
  • Jul 27, 2011 4:39pm Jul 27, 2011 4:39pm
Seeing a bearish triangle on hourly... profit take at 1.624? Currently 76pips. Looking to re-enter another position at 1.629
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  • #285,147
  • Jul 27, 2011 4:46pm Jul 27, 2011 4:46pm
this is what i call a shitty dirty move.
what the reason on that 1m candle from 6318 to 6356?!?!?
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  • #285,148
  • Jul 27, 2011 4:49pm Jul 27, 2011 4:49pm
Quoting _BBKing_
this is what i call a shitty dirty move.
what the reason on that 1m candle from 6318 to 6356?!?!?
That's your broker's whipsaw during NZ rate announcement.
I've only got a change of 13 pips in 2 minutes.
Don't get mad, get even!
  • #285,149
  • Jul 27, 2011 4:51pm Jul 27, 2011 4:51pm
I would be happy get that kind of spike on alpari uk ,because I am long ...
  • #285,150
  • Jul 27, 2011 4:53pm Jul 27, 2011 4:53pm
Quoting stulic
Oh boy I'm so glad I slept through this, would probably try to find a bottom at least once.

There is a bearish wedge on a daily and possible dark cloud cover. RSI looks broken out of bullish trend while candle still inside.
Either way, not looking good for bulls tomorrow...
yes i agree.
and on my daily chart candle opened out of that line.
what i dont understand is the fast move to test it.
i see more probable price in 62 area than again in 64.

anyway i let it go now it's my time for sleep came around here only to see where daily closed.

good luck and trade well
90% of traders use TA, indicators and prediction
  • #285,151
  • Jul 27, 2011 4:55pm Jul 27, 2011 4:55pm
Quoting stulic
That's your broker's whipsaw during NZ rate announcement.
I've only got a change of 13 pips in 2 minutes.
uhm not so good.
it appears in all TF also in daily
90% of traders use TA, indicators and prediction
  • #285,152
  • Jul 27, 2011 9:25pm Jul 27, 2011 9:25pm
Really hope this thing drops like a stone right now...
  • #285,153
  • Edited 11:04pm Jul 27, 2011 10:49pm | Edited 11:04pm
Quoting Jazznos
Really hope this thing drops like a stone right now...
Hard to tell

http://i56.tinypic.com/28i6bls.gif

I don't have any clue about what might happen next as we're in shadow of recent PA, small move up is possible, support found at the low of GDP news bar. Leaving a copy of my drawing board below with some obvious levels and lines, I'm more leaned towards selling rallies and hope to spot some kind of channel movement M5/15 to catch myself up with it.. will watch eur too, i wonder if this drop was anything but a shakeout but perhaps it wants to see 4280-.. really don't want to predict anything at this point.

I was tempted to take a small long here around 6320 to babysit but my plan is to wait until european open and sell; till then i'm in popcorn/cinema mode.

Best of luck to all, trade carefully

edit: the blue ma is 200ema.
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  • #285,154
  • Jul 27, 2011 11:52pm Jul 27, 2011 11:52pm
Hi..Papa Jazznos...

How is your nasi goreng and your baby ?

After TP weekly hit... where is 80.9 of madame's weekly fib ? but yes we face support right now.Based on my broker, the support is top of the GAP. I dont know what happened later if this baby break the GAP. Well this why i close my short last night. Now...mine is FLAT

Rgds




Quoting Jazznos
Really hope this thing drops like a stone right now...

Quoting iqyu5an
First Short target hit at 1.63334.

Potential to 1.627xx to close the month but wanna see first where daily candle closed for safe.
not euphoria follower
  • #285,155
  • Jul 28, 2011 12:11am Jul 28, 2011 12:11am
update , bear still may continue next probable level 6263 with breaks & hold 6314 again .
fontu

http://www.forexfactory.com/showthre...44#post4816344
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #285,156
  • Jul 28, 2011 12:17am Jul 28, 2011 12:17am
Quoting MaryJane
Hard to tell



I don't have any clue about what might happen next as we're in shadow of recent PA, small move up is possible, support found at the low of GDP news bar. Leaving a copy of my drawing board below with some obvious levels and lines, I'm more leaned towards selling rallies and hope to spot some kind of channel movement M5/15 to catch myself up with it.. will watch eur too, i wonder if this drop was anything but a shakeout but perhaps it wants to see 4280-.. really don't want to predict anything at this point.

I was tempted to...
good see , carry on .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #285,157
  • Jul 28, 2011 1:25am Jul 28, 2011 1:25am
morning,
i find price unable to close below that fibo 6100-6440 near 6320 also sup/res
in h1 is a kind of bearish flag, out of previous channel or wedge or trendline (lolz)

imho very possible to see price testing lower 50% fibo and trendline downward which contained the bullish flag before the move to 64's

this is the kind of pattern where i prefere wait, despite i see more probable the down move.
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  • #285,158
  • Jul 28, 2011 1:44am Jul 28, 2011 1:44am
Quoting iqyu5an
Hi..Papa Jazznos...

How is your nasi goreng and your baby ?

After TP weekly hit... where is 80.9 of madame's weekly fib ? but yes we face support right now.Based on my broker, the support is top of the GAP. I dont know what happened later if this baby break the GAP. Well this why i close my short last night. Now...mine is FLAT

Rgds
IQ! What up bro? Ive seen you lurking around lately but havent been on at same time... Going ok mate up and down like our beloved (hated?!) markets! And you?

Things have been tricky, i went live with funded account finally after 3 years of dabbling and learning and ive had some success and some failures, some days great, some days not so great... but will conquer this...

MJ yes who knows, my short is still on, but i took off one position at a small loss a few hours ago when it started going north... i still dont know where it will go, but am hoping for a short! even though theres more evidence for long on EU for sure... but i got stopped out of that...
  • #285,159
  • Jul 28, 2011 1:47am Jul 28, 2011 1:47am
in m30 things are a bit clearer
once broken out, will give backtest imho
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  • #285,160
  • Jul 28, 2011 1:51am Jul 28, 2011 1:51am
yeah...we're only small chicken that big dog can eat us huh.....

trading is learning my imho ....

rgds,

*** just take small LONG for "warming up" my finger ...( dont follow )
Quoting Jazznos
IQ! What up bro? Ive seen you lurking around lately but havent been on at same time... Going ok mate up and down like our beloved (hated?!) markets! And you?

Things have been tricky, i went live with funded account finally after 3 years of dabbling and learning and ive had some success and some failures, some days great, some days not so great... but will conquer this...

MJ yes who knows, my short is still on, but i took off one position at a small loss a few hours ago when it started going north... i still dont know where it will go, but...
not euphoria follower
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