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Cable Update (GBPUSD)

  • #285,441
  • Aug 2, 2011 1:21am Aug 2, 2011 1:21am
out half +18
the other half i let it go for a while with SL @BEp

in 30 minutes i must leave my pc will come back later today
90% of traders use TA, indicators and prediction
  • #285,442
  • Aug 2, 2011 1:21am Aug 2, 2011 1:21am
In 15M tf showing a tiny bearish divergent adding a strength to take position in short still waiting to see a close of the current bar.
  • #285,443
  • Aug 2, 2011 1:26am Aug 2, 2011 1:26am
out whole near the other fibo.
i dont like to let positions run when im not in front on monitor....

good luck and trade well with uk data later
90% of traders use TA, indicators and prediction
  • #285,444
  • Aug 2, 2011 1:27am Aug 2, 2011 1:27am
Quoting _BBKing_

shorted after the touch near fibo.
good R/R
lets see
clever!!!!!!!! hey mate why didnt u post the moment u took the short. any way like your cute trade.
  • #285,445
  • Aug 2, 2011 1:28am Aug 2, 2011 1:28am
Quoting bchbch
In 15M tf showing a tiny bearish divergent adding a strength to take position in short still waiting to see a close of the current bar.
hello
yes still looking bearish but watch out at spikes near london opening, in fast TF looks like ready to react, thats why i closed whole. i could be wrong im in hurry coz i must leave

good luck
90% of traders use TA, indicators and prediction
  • #285,446
  • Aug 2, 2011 1:30am Aug 2, 2011 1:30am
Quoting bchbch
clever!!!!!!!! hey mate why didnt u post the moment u took the short. any way like your cute trade.
was busy to watch @PA in m1 chart...
Attached Image
90% of traders use TA, indicators and prediction
  • #285,447
  • Aug 2, 2011 1:31am Aug 2, 2011 1:31am
Quoting _BBKing_
hello
yes still looking bearish but watch out at spikes near london opening, in fast TF looks like ready to react, thats why i closed whole. i could be wrong im in hurry coz i must leave

good luck
Thank you will wait little more to see the london opening. we miss you today n that session. wish you back soon. have a nice day.
  • #285,448
  • Aug 2, 2011 1:35am Aug 2, 2011 1:35am
Quoting bchbch
Thank you will wait little more to see the london opening. we miss you today n that session. wish you back soon. have a nice day.
thks
soon will full time trade. no more distractions.
bye
90% of traders use TA, indicators and prediction
  • #285,449
  • Aug 2, 2011 2:00am Aug 2, 2011 2:00am
Morning.

GU targeting 6240-6250 now, so I'm in with short position.

Josef
  • #285,450
  • Aug 2, 2011 2:08am Aug 2, 2011 2:08am
Quoting josef
Morning.

GU targeting 6240-6250 now, so I'm in with short position.

Josef

morning
  • #285,451
  • Aug 2, 2011 2:28am Aug 2, 2011 2:28am
G/M all

6236 the Low yesterday after the fall from 6474, the zone around that high tested again at 6465 before the precipitous fall...1hr is now bearish-mixed re opa and 4hr has printed a L below last HL, this after a LH. Price remains above the 100sma on 4hr daily-this above the 200sma - indeed 100sma was supporetive on daily at yesterday's lo...On 1hr price is below the 100and 200sma, 100 remaining above the 200-which was resistive in the pullback from the 6236 Lo to the current pullback hi (6328) at this 1hr 200sma and 38.2% 6474-6236.

Near-term 1hr chart shows the immediate upside hurdles and below current price

6252-39 prev 4hr/daily swing hi zone / 6250-36 prev 1hr/4hr swing lo zone
6238 50% 6003-6474
6222 Monthly Pivot @/around
6209 38.2% 5779-6474
6204 Daily S1 @/around
6195-83 prev 1hr sw hi x 2 zone with 6184 = 61.8% 6003-6474
6174 Weekly S2 @/around
6130-19 prev 1hr/4hr sw lo zone with 6127 = 50% 5779-6474
6119-12 prev 1hr sw lo zone with 6115 = 76.4% 6003-6474
6102 Daily S2 @/around
6088 Weekly S3 @/around
6085-68 prev 1hr/4hr sw lo zone
6062-54 prev minor 1hr sw lo zone
6045 61.8% 5779-6474
6032-15-03 prev daily/4hr/1hr sw lo zone
5976 Monthly S1 @/around
5965 Daily S3 @/around
5944 76.4% 5779-6474
5914-04 prev minor 4hr swing lo zone
5875-50-20 prev daily/4hr swing lo zone


Intraday is so far bearish.

Upcoming Uk event risk: Construction pmi at 0930am London.

G/L　
　
Attached Image
ex member
  • #285,452
  • Aug 2, 2011 2:45am Aug 2, 2011 2:45am
Attached
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 41 KB
  • #285,453
  • Aug 2, 2011 2:52am Aug 2, 2011 2:52am
Hey all
Attached Image (click to enlarge)
Click to Enlarge Name: HourlyGBPUSD.jpg Size: 100 KB


Here is the hourly chart for the GBP, you can see the daily pivot is above the price but i'm unsure if it will try to reach it since yesterday was a big move and sometimes it just skips it.
if it does try to reach, no reason to be alarmed though.


Attached Image (click to enlarge)
Click to Enlarge Name: DailyGBPUSD.jpg Size: 119 KB


Here is the DAily chart for the GBP. Here i will simply see Lower lows, lower highs. simple bearish channel is continuing and short term next target is the meridian of the bollinger bands.

hope it helps
  • #285,454
  • Aug 2, 2011 2:56am Aug 2, 2011 2:56am
bullish regular divergence to 5min at the current Lo which is at the very top of the previous 1hr/4hr swing lo zone leading to yesterday's 6236 lo and @ the 4hr ascending trend line.

3min shown below
How strong are the bulls now ?

G/L
Attached Image
ex member
  • #285,455
  • Aug 2, 2011 2:58am Aug 2, 2011 2:58am
Daily shows where yesterday's lo is and where demand came in - the previous 4hr/daily swing hi zone (resistance became support) also 50% of 6003-6474

G/L
Attached Image
ex member
  • #285,456
  • Aug 2, 2011 3:02am Aug 2, 2011 3:02am
Quoting bbmac
Daily shows where yesterday's lo is and where demand came in - the previous 4hr/daily swing hi zone (resistance became support) also 50% of 6003-6474

G/L
Hmm good point. Im in short from 6318 and was targeting 6210 region which given that demand could be a tough proposition. A few attempts to go higher have been rejected but could make it this time...
  • #285,457
  • Aug 2, 2011 3:07am Aug 2, 2011 3:07am
anything can happen, it was certainly a hi-probability opportunity to get some pips from the long side with the close of the 3rd inverted pinbar candle on 15min and the bullish divergence to 5min..

G/L

Quoting Jazznos
Hmm good point. Im in short from 6318 and was targeting 6210 region which given that demand could be a tough proposition. A few attempts to go higher have been rejected but could make it this time...
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ex member
  • #285,458
  • Aug 2, 2011 3:10am Aug 2, 2011 3:10am
0930am London Uk Construction Pmi

Upcoming Construction pmi is arguably the least anticipated of the 3 x Uk pmi numbers (manufacturing yesterday and services-biggest tomorrow) (Look what U.s Ism manuf pmi did yesterday !) ..53,2 the forecast, 53.6 the previous...again any drop to the 50 level ofr below is considered contractionary and any rise might see some £ buying on the knee-jerk.

G/L
ex member
  • #285,459
  • Aug 2, 2011 3:12am Aug 2, 2011 3:12am
Quoting bbmac
0930am London Uk Construction Pmi

Upcoming Construction pmi is arguably the least anticipated of the 3 x Uk pmi numbers (manufacturing yesterday and services-biggest tomorrow) (Look what U.s Ism manuf pmi did yesterday !) ..53,2 the forecast, 53.6 the previous...again any drop to the 50 level ofr below is considered contractionary and any rise might see some £ buying on the knee-jerk.

G/L
Ive got SL at BE, figured i would stay in and roll the dice...
  • #285,460
  • Aug 2, 2011 3:14am Aug 2, 2011 3:14am
if still in when the data hits you could be lucky if it is soft data - like the manuf pmi yesterday. G/L with it.

Quoting Jazznos
Ive got SL at BE, figured i would stay in and roll the dice...
ex member
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