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Cable Update (GBPUSD)

  • #285,961
  • Aug 8, 2011 12:31pm Aug 8, 2011 12:31pm
Quoting delorean
so quiet...

maybe because so many people anticipated GU to rise sharply... and got disappointed. This is forex - anything can happen. Get used to it.

Market is still uncertain... However, there are many pips can still be made. Just stay cautious. Good luck all.
maybe
I got also SL on GBPCHF,lost 3 %,but as i said keep risk as low you can and trade without any preassure..
TOmorow more chances >
If we speak about Cable,very flaty about 30 days i think ... I also expext up according daily view but everything is posible..

Cheers
Petar
"Buy on fear, sell on greed !!!
  • #285,962
  • Aug 8, 2011 1:27pm Aug 8, 2011 1:27pm
Quoting Petar_Serbia
maybe
I got also SL on GBPCHF,lost 3 %,but as i said keep risk as low you can and trade without any preassure..
TOmorow more chances >
If we speak about Cable,very flaty about 30 days i think ... I also expext up according daily view but everything is posible..

Cheers
Petar
this is yur problem
3rd touch of trendline to confirm..and its one hell of a barrier
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  • #285,963
  • Aug 8, 2011 1:55pm Aug 8, 2011 1:55pm
hello all
i did not posted today as price was doing exactly what was agreed saturday/sunday by some people here in the thread:
a possible move up (but not so much) then down....
all charts posted said that, there was only the doubt about sunday's opening price imho, but price was clearly finding resistance in strong supply area 6440-6470.

i hope nobody went in loss today
90% of traders use TA, indicators and prediction
  • #285,964
  • Aug 8, 2011 4:55pm Aug 8, 2011 4:55pm
guys,
how much can this thing range into 62-64 area?

i feel something gonna happen, but here 6312 is a 'nothing to do area' in my study, unless already short from highs (...)

there is a confluence of things near 6250.
maybe demand will show there (supposing it will ...) for some pips at least on a pullback.
but also possible a move to 6380-6400 again.

i will check price action near these levels.
what am i missing?
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90% of traders use TA, indicators and prediction
  • #285,965
  • Aug 8, 2011 5:05pm Aug 8, 2011 5:05pm
sorry,
on previous chart, golden channel was wrong.
i prefere a lot this version, which shows a possible required test near 6220....
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90% of traders use TA, indicators and prediction
  • #285,966
  • Edited 5:18pm Aug 8, 2011 5:17pm | Edited 5:18pm
that yellow thing at least explains today's move after its breaking.
white ema200 is below red sma200 this usually means 'move down is near'.

im trying to build up a plan on next possible moves.
harder thing to do than last days!
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90% of traders use TA, indicators and prediction
  • #285,967
  • Aug 8, 2011 5:18pm Aug 8, 2011 5:18pm
.
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not euphoria follower
  • #285,968
  • Aug 8, 2011 5:20pm Aug 8, 2011 5:20pm
Quoting iqyu5an
.
;


90% of traders use TA, indicators and prediction
  • #285,969
  • Aug 8, 2011 5:29pm Aug 8, 2011 5:29pm
Quoting iqyu5an
.
bro,
do you mean we need a clear test @6388-90 (friday's closing/gap) ?
90% of traders use TA, indicators and prediction
  • #285,970
  • Aug 8, 2011 5:40pm Aug 8, 2011 5:40pm
what i see ...

this area ( 6300 ish ) is prev S/R
july 27-28 : strong support
august 1 ( around ) : strong resistant - there is little gap, only broken after we get strong up move on august 3

6350-ish :
prev S/R ( last friday ) before PA go to 64xx

well just what i see dude... could be wrong and there is news also in next 1/2 hours

rgds...

just wake up here ( GMT+7) so alittle bit sleepy still

Quoting _BBKing_
bro,
do you mean we need a clear test @6388-90 (friday's closing/gap) ?
not euphoria follower
  • #285,971
  • Aug 8, 2011 5:46pm Aug 8, 2011 5:46pm
I think there we see downtrend, because it will touch and cros EMA200 and news will bad.
  • #285,972
  • Aug 8, 2011 5:46pm Aug 8, 2011 5:46pm
Quoting iqyu5an
what i see ...

this area ( 6300 ish ) is prev S/R
july 27-28 : strong support
august 1 ( around ) : strong resistant - there is little gap, only broken after we get strong up move on august 3

6350-ish :
prev S/R ( last friday ) before PA go to 64xx

well just what i see dude... could be wrong and there is news also in next 1/2 hours

rgds...

just wake up here ( GMT+7) so alittle bit sleepy still
and im near to go sleep ( GMT +1 )...
well in my chart the level you are mentioning is pip+ pip- the blue rectangle in the middle of main range.

a ping pong into it is possible..
90% of traders use TA, indicators and prediction
  • #285,973
  • Aug 8, 2011 5:49pm Aug 8, 2011 5:49pm

yeah ping pong area


Quoting _BBKing_
and im near to go sleep ( GMT +1 )...
well in my chart the level you are mentioning is pip+ pip- the blue rectangle in the middle of main range.

a ping pong into it is possible..
not euphoria follower
  • #285,974
  • Aug 8, 2011 6:01pm Aug 8, 2011 6:01pm
  •  Kokan
  • | Joined Mar 2007 | Status: Should I stay, or should I go | 73 Posts
Quoting Petar_Serbia
maybe
I got also SL on GBPCHF,lost 3 %,but as i said keep risk as low you can and trade without any preassure..
TOmorow more chances >
If we speak about Cable,very flaty about 30 days i think ... I also expext up according daily view but everything is posible..

Cheers
Petar
Brate zatvaraj ti te naloge.
koliko ja znam o GBPCHF to je opasnije od GBPJPY.
Ali kad krene ide do kraja.

Na prilogu se vidi dokle moze da ide.

For those that are pissed of with language copy this in Google translate.
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  • #285,975
  • Aug 8, 2011 6:08pm Aug 8, 2011 6:08pm
Quoting Kokan
Brate zatvaraj ti te naloge.
koliko ja znam o GBPCHF to je opasnije od GBPJPY.
Ali kad krene ide do kraja.

Na prilogu se vidi dokle moze da ide.

For those that are pissed of with language copy this in Google translate.
what if everybody write here in his own language?!?!
90% of traders use TA, indicators and prediction
  • #285,976
  • Aug 8, 2011 6:46pm Aug 8, 2011 6:46pm
Quoting Kokan
For those that are pissed of with language copy this in Google translate.
Why dont YOU copy it yourself in google translate....
  • #285,977
  • Aug 8, 2011 7:23pm Aug 8, 2011 7:23pm
ok market moved
my movie download also complete.
i can leave, watch the movie till i fall in sleep!

good luck you all
90% of traders use TA, indicators and prediction
  • #285,978
  • Aug 8, 2011 7:41pm Aug 8, 2011 7:41pm
Keep in mind a lot of traders are watching London burning on TV and riots spreading through the country. Not many will go long there...
Don't get mad, get even!
  • #285,979
  • Aug 8, 2011 7:50pm Aug 8, 2011 7:50pm
I see a BIG possibility that cable will go down.

REASONS:
1. Currently GU are facing June-Oct 2009's strong resistance (refer to yellow box on weekly chart). Weekly stoch(10,3,3) shows that currently GU is in overbought level and seems like starting to hook down.

2. IMHO, US' rating downgrade is not a big deal. Who else has better rating than AA? The media over-sensationalize the news and made the whole world panic (including myself).

3. Euro zone are in financial trouble as well. So GBP might not be too favorable for a bullish move. SO, both GBP and USD have equal disadvantage and can still stabilize each other (sort of).

Whatever it is, we have to look for a clear break outside the orange box to see a clear trend(refer to orange box on H4 chart). I have to keep reminding myself - anything can happen in forex.
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  • #285,980
  • Aug 8, 2011 8:08pm Aug 8, 2011 8:08pm
Quoting delorean
Who else has better rating than AA?
Pretty much everyone that matters, Australia, Canada, all of Scandinavia, France, Germany, Hong Kong, Netherlands, Switzerland, UK... you name it
Don't get mad, get even!
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