Price has been moving down on the daily. Now short timeframe momentum from daily high, waiting for pullback entry for short on 5 minute chart
Cable Update (GBPUSD)
- #286,162
- Aug 12, 2011 2:56am Aug 12, 2011 2:56am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #286,163
- Aug 12, 2011 3:04am Aug 12, 2011 3:04am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #286,164
- Aug 12, 2011 3:11am Aug 12, 2011 3:11am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #286,165
- Aug 12, 2011 3:13am Aug 12, 2011 3:13am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #286,166
- Aug 12, 2011 3:24am Aug 12, 2011 3:24am
- Joined Jul 2007 | Status: Trader | 5,392 Posts
ex member
- #286,167
- Aug 12, 2011 3:25am Aug 12, 2011 3:25am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
- #286,168
- Aug 12, 2011 3:26am Aug 12, 2011 3:26am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
- #286,169
- Aug 12, 2011 3:29am Aug 12, 2011 3:29am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
G/M
Price dips down from 6227 to find demand at the 61.8% of 6116-6241 deep in a prev 1hr swing hi zone (previous resistaance) - see circled area...sentiment so far mixed - intraday.
Regular divergence play to 3min (shown below) at that 61.8% fib mentioned above
Won't be around for next couple of weeks.
G/L all.
90% of traders use TA, indicators and prediction
- #286,170
- Aug 12, 2011 3:29am Aug 12, 2011 3:29am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #286,174
- Aug 12, 2011 3:35am Aug 12, 2011 3:35am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
I really don't know what is going on
time for painting for me ..... to make less stress
101 %... i am wrong
90% of traders use TA, indicators and prediction
- #286,176
- Aug 12, 2011 3:36am Aug 12, 2011 3:36am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #286,178
- Aug 12, 2011 3:38am Aug 12, 2011 3:38am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Hello King and all..
I just want to remind that this is 'freaky friday. be careful with a break out strategy.
I think also safer to play small within the range, buy low sell high.
Any valid b/o you can add your position.
If u play M5-M15 imo cable range atm is 6175 - 6225.
Just my 2 cents
i dont like play b/o in this pattern. what i was meaning is: both directions need a b/o to be confirmed! my buy happened near 6190 in m1 chart and already targeted few pips ago
done my morning!
90% of traders use TA, indicators and prediction
- #286,179
- Aug 12, 2011 3:40am Aug 12, 2011 3:40am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #286,180
- Aug 12, 2011 3:47am Aug 12, 2011 3:47am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
i must leave....
see you all later!
good luck n trade well
90% of traders use TA, indicators and prediction