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Cable Update (GBPUSD)

  • #286,361
  • Aug 16, 2011 2:46am Aug 16, 2011 2:46am
Quoting nAVIN2007
its going to interesting, i must admit im not sure which direction the trend is in..technically it is up

but theres a bearish quarterly pin..which is obviously saying something else

4hr is looking great for long now
hi bro,
i agree there are some mixed technical data.
today other data to come, there is also USA industrial production...
90% of traders use TA, indicators and prediction
  • #286,362
  • Aug 16, 2011 2:48am Aug 16, 2011 2:48am
Quoting Nectarios
I am short on this pair, technically it looks to want to go back down to 1.61 but the PA doesn't seem to want to go that way.

Any ideas? Where do you see this pair and at what time frame?

Regards

really.. technically it want to go there but PA has other ideas..hope u realise this is a big contradiction
  • #286,363
  • Aug 16, 2011 2:58am Aug 16, 2011 2:58am
uhm....
i get these 20 pips n go for lunch.

i hope later will be better ....
90% of traders use TA, indicators and prediction
  • #286,364
  • Aug 16, 2011 3:02am Aug 16, 2011 3:02am
After I am draw and draw and alternated the chart here and there and keep look and watch

Its Better For me to Waiting until US Open or Maybe Tomorrow till the daily close and open

No Hurry,Need patience
  • #286,365
  • Aug 16, 2011 3:09am Aug 16, 2011 3:09am
taken a scalp long at 1.6368 stop 1.6360. Try to move stop to BE and see if I can collect a few.
  • #286,366
  • Aug 16, 2011 3:22am Aug 16, 2011 3:22am
I hold my Long till 6430
  • #286,367
  • Aug 16, 2011 3:22am Aug 16, 2011 3:22am
moved stop to 1.6377 target 1.6390- 1.64
  • #286,368
  • Aug 16, 2011 3:34am Aug 16, 2011 3:34am
Closed at 1.6389 for 21 pips
  • #286,369
  • Aug 16, 2011 3:51am Aug 16, 2011 3:51am
just a few possible senarios GL all
Attached Image (click to enlarge)
Click to Enlarge Name: tues 16th aug.gif Size: 69 KB
Trade what you see never what you think!
  • #286,370
  • Aug 16, 2011 4:30am Aug 16, 2011 4:30am
This push really running out of momentum. Bulls need to get it moving. An hourly close below 1.6375 and I'll probably short. Will have to see
  • #286,371
  • Aug 16, 2011 5:01am Aug 16, 2011 5:01am
Quoting TrendTraders
After I am draw and draw and alternated the chart here and there and keep look and watch

Its Better For me to Waiting until US Open or Maybe Tomorrow till the daily close and open

No Hurry,Need patience
as a day trader i agree with you
already banked nice profits in london market thanks to good CPI numbers
charts are bit confused, or maybe its me bit confused....
i wait now
90% of traders use TA, indicators and prediction
  • #286,372
  • Aug 16, 2011 5:09am Aug 16, 2011 5:09am
The area I'm watching cable getting a bit wedge like. It needs to see a kick off the trendline and though resistence.
Attached Image (click to enlarge)
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  • #286,373
  • Aug 16, 2011 5:10am Aug 16, 2011 5:10am
Could it be that the bearish move we were so anticipating the previous day is only starting to manifest today?!
  • #286,374
  • Aug 16, 2011 5:11am Aug 16, 2011 5:11am
Quoting Flatfish
This push really running out of momentum. Bulls need to get it moving. An hourly close below 1.6375 and I'll probably short. Will have to see
H1 Chart
Attached Image (click to enlarge)
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  • #286,375
  • Aug 16, 2011 5:19am Aug 16, 2011 5:19am
Quoting _BBKing_
as a day trader i agree with you
already banked nice profits in london market thanks to good CPI numbers
charts are bit confused, or maybe its me bit confused....
i wait now
How about some cigarattes or tea
  • #286,376
  • Aug 16, 2011 5:28am Aug 16, 2011 5:28am
Quoting TrendTraders
How about some cigarattes or tea

2 teaspoons plz
  • #286,377
  • Aug 16, 2011 5:40am Aug 16, 2011 5:40am
Quoting Flatfish
This push really running out of momentum. Bulls need to get it moving. An hourly close below 1.6375 and I'll probably short. Will have to see
I did short it for a scalp, but was very quick one. Cable has found support at the trendline. Expect a attempt at a new high for this week. Good trading.
  • #286,378
  • Aug 16, 2011 5:55am Aug 16, 2011 5:55am
Quoting nAVIN2007
2 teaspoons plz
Done,Please finish it while still Hot
Attached Image
  • #286,379
  • Aug 16, 2011 6:00am Aug 16, 2011 6:00am
Quoting chazzle
H1 Chart
And a possible 100% retracement to test the previous high of 1.6408 if 1.6393 is broken. Will consider selling once the above retracement is in place and hopefully it goes as planned.
Attached Image (click to enlarge)
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  • #286,380
  • Edited 6:32am Aug 16, 2011 6:06am | Edited 6:32am
Shorts starting to look better to me now maybe 3pm will see it through!

No break no shake! will be buying dips till this actually changes (if it does)
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Trade what you see never what you think!
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