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Cable Update (GBPUSD)

  • #286,201
  • Aug 12, 2011 8:10am Aug 12, 2011 8:10am
will be second top at m15 ?
not euphoria follower
  • #286,202
  • Aug 12, 2011 8:14am Aug 12, 2011 8:14am
Taken shaort at 90 too. Stop just above 1.63 - was looking for a higher price to short so if stop gets taken will get back in at a better price.
  • #286,203
  • Aug 12, 2011 8:29am Aug 12, 2011 8:29am
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 18 KB


For me 6283 level works fine, even multiple times
  • #286,204
  • Aug 12, 2011 8:49am Aug 12, 2011 8:49am
watching bulls touches 1.6324 and then 1.6349 area.
before turn south.

GL mates

An"
  • #286,205
  • Aug 12, 2011 9:18am Aug 12, 2011 9:18am
And again 6283 level works. And to think I hate scalping
  • #286,206
  • Aug 12, 2011 9:27am Aug 12, 2011 9:27am
Quoting Flatfish
Taken shaort at 90 too. Stop just above 1.63 - was looking for a higher price to short so if stop gets taken will get back in at a better price.
Closed for +20. Looks like it might range the 1.6260 area and the top for another short entry.
  • #286,207
  • Aug 12, 2011 9:40am Aug 12, 2011 9:40am
6230/40 ?
Quoting iqyu5an
will be second top at m15 ?
not euphoria follower
  • #286,208
  • Aug 12, 2011 9:43am Aug 12, 2011 9:43am
i go for the week end guys
good luck you all
90% of traders use TA, indicators and prediction
  • #286,209
  • Aug 12, 2011 9:49am Aug 12, 2011 9:49am
Quoting TrendTraders
Looks interesting But too complicated to understand
also when my cat say 'miau' instead of 'miao' is better to short!
c'mon!
90% of traders use TA, indicators and prediction
  • #286,210
  • Aug 12, 2011 9:58am Aug 12, 2011 9:58am
Quoting PhAnTi'
100 % Bullshit
hahaha,dont be like that honey at least he tried his best
  • #286,211
  • Aug 12, 2011 9:59am Aug 12, 2011 9:59am
sell limit 1.6253
  • #286,212
  • Aug 12, 2011 10:05am Aug 12, 2011 10:05am
Quoting iqyu5an
6230/40 ?
what about 6200 or 6150 bro ?

this is friday where will they drag cable for profit taking..
btw usdix is getting stronger DP has broken.
but anything can happen. let's see
  • #286,213
  • Aug 12, 2011 10:46am Aug 12, 2011 10:46am
Quoting TrendTraders
Looks interesting But too complicated to understand
Ita realy works ?
skype: rc-forextrading
  • #286,214
  • Aug 12, 2011 10:54am Aug 12, 2011 10:54am
Cable seems to be forming a rising wedge at channel resistence. Am holding short for the weekend and will where we go.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.jpg Size: 135 KB
  • #286,215
  • Aug 12, 2011 11:29am Aug 12, 2011 11:29am
Quoting jeremyyn
Almost great call on the entry...

Hope you got in to make your pips

Yep Thanks.

My entries didn't get triggered in but ended up manually entering a few pips above.

A break above 1.64700 would make me even more bullish again.
  • #286,216
  • Aug 12, 2011 12:07pm Aug 12, 2011 12:07pm
Quoting wormboy
Possibility of a retest of previous day high with 295/300 as temporary top. Let's see how it goes.
Topped out 300 & likely to hold till next week I reckon. Good luck to anyone still trading.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gum5a.PNG Size: 26 KB
Click to Enlarge Name: gum5b.PNG Size: 28 KB
Thank You
  • #286,217
  • Aug 13, 2011 3:42am Aug 13, 2011 3:42am
http://lcchong.files.wordpress.com/2...ng?w=877&h=397

http://lcchong.files.wordpress.com/2...ng?w=877&h=397
  • #286,218
  • Aug 13, 2011 3:03pm Aug 13, 2011 3:03pm
Here is my view
Attached Image (click to enlarge)
Click to Enlarge Name: cable trend.gif Size: 25 KB
GELORE
  • #286,219
  • Aug 13, 2011 9:19pm Aug 13, 2011 9:19pm
.
Attached Image (click to enlarge)
Click to Enlarge Name: 4Hg.GIF Size: 31 KB
not euphoria follower
  • #286,220
  • Aug 14, 2011 4:08am Aug 14, 2011 4:08am
We have a breakout at 4hr chart and GBP/USD is now in retracement to test the 1) previous breakout level @ 1.6316 or 2) previous trendline @ around 1.64 level.

1hr chart show that the retracement may be running out of stream with a pin bar formed having a high of 1.63113.

My call is that it will be heading back to 1.62 level next week.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd-breakout.gif Size: 35 KB
Click to Enlarge Name: gbpusd-breakout-1hr.gif Size: 31 KB
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