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Cable Update (GBPUSD)

  • #285,561
  • Aug 3, 2011 2:36am Aug 3, 2011 2:36am
price challenging top of that previous 1hr swing hi to 38.2% 6465-6222 now...1hr prints off that Lo yesterday @ 6222 which was a LL have been an =LH, HL,H,L,LH,HL, and ?

G/L
ex member
  • #285,562
  • Aug 3, 2011 3:13am Aug 3, 2011 3:13am
done for this session : +30 and +46 pips.


Quoting iqyu5an
m30

http://www.youtube.com/watch?v=SRwa9poUtMs
not euphoria follower
  • #285,563
  • Edited 3:55am Aug 3, 2011 3:39am | Edited 3:55am
Big knee-jerk upside reaction to better than last mth and forecast 55.4 Uk services pmi release...1hr has now printed a H following 2 x HL's with price trading above yesterdayu's hi and it's 100 and 200sma's.

Above current price I see the following;

6372-78 61.8%'s 6474 and 6465 - 6222
6383 Weekly Pivot & Daily R2 @/around
6390-6407 prev 1hr/4hr sw lo zone
6408 76.4% 6465-6222
6415 76.4% 6475-6222
6437 Daily R3
6460-74 prev 1hr/4hr/daily x2 swing hi zone
6475-96 previous 4hr swing hi zone
6515-46 previous 4hr/daily/weekly swing hi zone inc 76.4% 6746-5779 @ 6516, with 6506 = Weekly R1 @/around
6591 Weekly R2 @/around
6665 Monthly R1 @/around
6714-46 previous daily/weekly swing hi zone with 6715 = Weekly R3 @/around 6715

The current near-term 1hr chart below shows the potential support/sbr factors.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 99 KB
ex member
  • #285,564
  • Aug 3, 2011 3:40am Aug 3, 2011 3:40am
Quoting ricmaj
Was Trading the triangles when I noticed this. Dont know what you think about the break out, could this be similar to what we have on the previous triangle.

the break out went just like the previous.
Keep the Lights on then you can catch the rise from the dark.
  • #285,565
  • Aug 3, 2011 3:43am Aug 3, 2011 3:43am
Finishing here for session/day-this place is pretty dead again !

Price has reached underside of that previous 4hr ascending trend line that has once seen resistance at the underside on a test from below it.

30degrees celcius expected in Central London this afternoon ! Gonna enjoy the weather.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 64 KB
ex member
  • #285,566
  • Aug 3, 2011 3:44am Aug 3, 2011 3:44am
Will wait for a decent retracement to around 6330 to go long , while waiting for retail sales number from europe..

Good luck !!
  • #285,567
  • Aug 3, 2011 3:49am Aug 3, 2011 3:49am
helo, i need a time pending EA, suppose now time is 1 pm and i wish that at 2pm there will be 1 buy and 1 sell or any 1. also i can set sl , tp n volume also. any body plzzz help me
  • #285,568
  • Aug 3, 2011 3:51am Aug 3, 2011 3:51am
yeh, gonna hang around a bit longer see if anything sets-up re buying a pullback..

G/L

Quoting andri66
Will wait for a decent retracement to around 6330 to go long , while waiting for retail sales number from europe..

Good luck !!
ex member
  • #285,569
  • Aug 3, 2011 3:56am Aug 3, 2011 3:56am
went off without me, so 2nd thoughts I'm gone for the session.

G/L all.
ex member
  • #285,570
  • Aug 3, 2011 4:08am Aug 3, 2011 4:08am
Quoting iqyu5an
m30

http://www.youtube.com/watch?v=SRwa9poUtMs
90% of traders use TA, indicators and prediction
  • #285,571
  • Aug 3, 2011 4:15am Aug 3, 2011 4:15am
Good news from UK & euro..will check market before US open..if US data give bad news might be a chance to short or long at better price..

Good luck !!
  • #285,572
  • Aug 3, 2011 4:17am Aug 3, 2011 4:17am
mornig guys,
i was reading some posts i hope you all are doing fine on the bull side today

good services PMI!
happy to have a bit confirmation of the 0.2% GDP preliminar...
90% of traders use TA, indicators and prediction
  • #285,573
  • Aug 3, 2011 4:19am Aug 3, 2011 4:19am
tq
Quoting _BBKing_
not euphoria follower
  • #285,574
  • Aug 3, 2011 4:19am Aug 3, 2011 4:19am
Quoting andri66
Will wait for a decent retracement to around 6330 to go long , while waiting for retail sales number from europe..

Good luck !!

6330 could be a good short zone. From my chart analysis anyway. If price breaks there it can go upward anyway.
Keep the Lights on then you can catch the rise from the dark.
  • #285,575
  • Aug 3, 2011 4:23am Aug 3, 2011 4:23am
sell 6386
Trader from Croatia
  • #285,576
  • Aug 3, 2011 4:24am Aug 3, 2011 4:24am
Quoting iqyu5an
tq
these days i find a bit easy trading.... lolz
is it beacause market is predictable and 90% technical or what?!
90% of traders use TA, indicators and prediction
  • #285,577
  • Aug 3, 2011 4:27am Aug 3, 2011 4:27am
what i see in h1 is 2 important things:
still no candle closing below 6260.
possible back test of that bear flag.

i was thinking about a try to 65's but i targeted while writing @63990

i could be wrong, but i still see in daily a required move into 61..
what do you think guys?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gusdh1.gif Size: 34 KB
Click to Enlarge Name: gusdd1.gif Size: 38 KB
90% of traders use TA, indicators and prediction
  • #285,578
  • Aug 3, 2011 4:30am Aug 3, 2011 4:30am
LUCK ........ LOL
Quoting _BBKing_
these days i find a bit easy trading.... lolz
is it beacause market is predictable and 90% technical or what?!
not euphoria follower
  • #285,579
  • Aug 3, 2011 4:36am Aug 3, 2011 4:36am
Quoting iqyu5an
LUCK ........ LOL
sure!
luck + less stress + good sunny days = profits!
90% of traders use TA, indicators and prediction
  • #285,580
  • Aug 3, 2011 4:39am Aug 3, 2011 4:39am

Quoting _BBKing_
sure!
luck + less stress + good sunny days = profits!
not euphoria follower
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