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Cable Update (GBPUSD)

  • #285,681
  • Aug 4, 2011 4:04am Aug 4, 2011 4:04am
last 2 x closed 2hr candles suggest an upside follow thru is probable at some point ??

G/L
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ex member
  • #285,682
  • Aug 4, 2011 4:05am Aug 4, 2011 4:05am
what's a ' dcc ' ?

Quoting stulic
This H1 invalidated previous dcc, next hour will invalidate bullish engulfing and so on, sorry but market is not as technical today as it can be.
ex member
  • #285,683
  • Aug 4, 2011 4:07am Aug 4, 2011 4:07am
dark cloud cover
Don't get mad, get even!
  • #285,684
  • Aug 4, 2011 4:11am Aug 4, 2011 4:11am
of course, thanks

Quoting stulic
dark cloud cover
ex member
  • #285,685
  • Aug 4, 2011 4:11am Aug 4, 2011 4:11am
The obligitory pullback ?

G/L
ex member
  • #285,686
  • Aug 4, 2011 4:11am Aug 4, 2011 4:11am
Quoting stulic
This H1 invalidated previous dcc, next hour will invalidate bullish engulfing and so on, sorry but market is not as technical today as it can be.

i kinda agree with u..its a complete battle field
u just have to play a direction


im short based on weekly ascending trendline break and monthly..third touch trendline..but this gbp strength has me concerned

question:- was the last bullish move a retrace at 50% to go further down..or did we react at the 50 of upmove to go further up..no way any can know this for sure based on a small time frame
  • #285,687
  • Aug 4, 2011 4:14am Aug 4, 2011 4:14am
Quoting nAVIN2007
i kinda agree with u..its a complete battle field
u just have to play a direction


im short based on weekly ascending trendline break and monthly..third touch trendline..but this gbp strength has me concerned
THIS WHOLE THING IS A FUCKING SCAM!!

*jab*

Ahh thats better back to dreamland and being strapped down on the stretcher and back to my cell...
  • #285,688
  • Aug 4, 2011 4:15am Aug 4, 2011 4:15am
Quoting bbmac
of course, thanks


Today it's all about BOJ intervention and the high-impact no-event of BOE keeping rates unchanged.
I'd expect, or rather like to see a 50+ pip range between 6350 and 6400 until rate announcement. Then probably down to 6250.
Don't get mad, get even!
  • #285,689
  • Aug 4, 2011 4:17am Aug 4, 2011 4:17am
pullback off 6395 has so far given back over 61.8% of the move up from current daily lo @ that 50% 6222-6440 - 6395

G/L
ex member
  • #285,690
  • Aug 4, 2011 4:19am Aug 4, 2011 4:19am
Quoting bbmac
last 2 x closed 2hr candles suggest an upside follow thru is probable at some point ??

G/L

long shadow is a concern..id have said short
small body shows indecision to follow on the previous candle up move perhaps
  • #285,691
  • Aug 4, 2011 4:22am Aug 4, 2011 4:22am
Quoting nAVIN2007
long shadow is a concern..id have said short
small body shows indecision to follow on the previous candle up move perhaps
Hi mate, it's all a bit mixed intraday so far with an overall intraday bearish tone I guess isn't it (so far?)

G/L
ex member
  • #285,692
  • Aug 4, 2011 4:23am Aug 4, 2011 4:23am
Quoting Jazznos
THIS WHOLE THING IS A FUCKING SCAM!!

*jab*

Ahh thats better back to dreamland and being strapped down on the stretcher and back to my cell...

this is why i keep saying it..playing a small time frame means u need to be better, quicker and accomplished trader..otherwise its suicide

but playing a big time frame..requires good chart reading, thats the only problem..so i guess its a catch 22
  • #285,693
  • Aug 4, 2011 4:25am Aug 4, 2011 4:25am
Quoting bbmac
Hi mate, it's all a bit mixed intraday so far with an overall intraday bearish tone I guess isn't it (so far?)

G/L

this will probably help m8..look where we are
news gone decide if this line get crossed
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  • #285,694
  • Aug 4, 2011 4:30am Aug 4, 2011 4:30am
Dark cloud cover candle closes on 30min

Significant, or market just jerking around with us?

G/L
ex member
  • #285,695
  • Aug 4, 2011 4:32am Aug 4, 2011 4:32am
Quoting nAVIN2007
this is why i keep saying it..playing a small time frame means u need to be better, quicker and accomplished trader..otherwise its suicide

but playing a big time frame..requires good chart reading, thats the only problem..so i guess its a catch 22
Yup. I think i will develop my longer term skills.. Once i get out of rehab Worked nicely on GBPCHF until yesterday! Fib retracements and selling rallies worked like a dream. Easy when it only goes in one direction!!
  • #285,696
  • Aug 4, 2011 4:36am Aug 4, 2011 4:36am
Quoting bbmac
Dark cloud cover candle closes on 30min engulfing last 12 x candle bodies on that t/f

Significant, or market just jerking around with us?

G/L

honestly based on monthly and weekly this think it will sink but i know no better than u..anything is possible
  • #285,697
  • Aug 4, 2011 4:39am Aug 4, 2011 4:39am
Quoting Jazznos
Yup. I think i will develop my longer term skills.. Once i get out of rehab Worked nicely on GBPCHF until yesterday! Fib retracements and selling rallies worked like a dream. Easy when it only goes in one direction!!

market aint easy..people say its..what it is..i get hat..its only information..but man the false signals in this..is like sending to war without a gun and no armour

question of time b4 head comes off
  • #285,698
  • Aug 4, 2011 4:54am Aug 4, 2011 4:54am
Quoting Tatbat
the chart:
limit buy 1.6320
SL 1.6300
  • #285,699
  • Aug 4, 2011 4:57am Aug 4, 2011 4:57am
Quoting Tatbat
limit buy 1.6320
SL 1.6300
GL
Trader from Croatia
  • #285,700
  • Aug 4, 2011 4:58am Aug 4, 2011 4:58am
Wonder what next as the spider eats up the flies. My strong spider web strategy. So rare in my 3years of forex. Break thru the red line can weaken the Spider. For now It has a victim on the white line. A break there will see more down side with Red line as new Resistance.
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Keep the Lights on then you can catch the rise from the dark.
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