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Cable Update (GBPUSD)

  • #286,521
  • Aug 17, 2011 7:20am Aug 17, 2011 7:20am
Quoting delorean
...
My analysis for tommorow (17th Aug):
It seems like cable has a little bit of gas left to go up again. If price makes a clear break @6470-80, we can expect GBPUSD to move up to 6520 AND may even shoot up to 6620-6720 if not tommorow maybe within 1-2 days.

However, wait for the retracement to be done first. I expect to see retracement down to at least 6400-20 before NY open.

CAUTION:
6720 is a BIG resistance. Price was rejected in July-Dec 2009 and...
GU moved as predicted. Hope you guys manage to catch some pips. Lets see if it still have momentum to make one last move to 6620-6720.

Good luck!
  • #286,522
  • Aug 17, 2011 7:25am Aug 17, 2011 7:25am
Quoting delorean
GU moved as predicted. Hope you guys manage to catch some pips. Lets see if it still have momentum to make one last move to 6620-6720.

Good luck!
Agree ...
Attached Image (click to enlarge)
Click to Enlarge Name: gu daily.gif Size: 36 KB
  • #286,523
  • Aug 17, 2011 7:27am Aug 17, 2011 7:27am
Quoting delorean
GU moved as predicted. Hope you guys manage to catch some pips. Lets see if it still have momentum to make one last move to 6620-6720.

Good luck!

she done 183 pips range..never know but that really would be bullish
  • #286,524
  • Edited 7:31am Aug 17, 2011 7:30am | Edited 7:31am
My hourly chart shows resistence around 1.6550 area so will try one final short there.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.jpg Size: 125 KB
  • #286,525
  • Aug 17, 2011 7:32am Aug 17, 2011 7:32am

Quoting Flatfish
My hourly chart shows resistence around 1.6550 area so will try one final short there.
not euphoria follower
  • #286,526
  • Aug 17, 2011 7:41am Aug 17, 2011 7:41am
cool price action, but need to sharpen my speed reloading technique. the damn thing is going from short to long and vs in split of a second.

http://pleaforwar.com/wp-content/upl..._Reload_LF.jpg
  • #286,527
  • Aug 17, 2011 7:44am Aug 17, 2011 7:44am
Quoting delorean
GU moved as predicted. Hope you guys manage to catch some pips. Lets see if it still have momentum to make one last move to 6620-6720.

Good luck!

Thank you. I got some pips.
  • #286,528
  • Aug 17, 2011 7:45am Aug 17, 2011 7:45am
Quoting iqyu5an
broke last week high...

blue box : 130 pips (+/-)

once high is broken.....statistically we could go up around ( at least ) 50% of 130 = 65 pips...

but it's statistic...fx is statistic ?........ahhh i dunno...time will tell
next resistance on Nov 2009 @6720-6770 and July 2009 @6920-6970.

Dont you think so?
  • #286,529
  • Aug 17, 2011 7:45am Aug 17, 2011 7:45am
Maybe a new high of 1.68 by the end of this month. Somewhere along whether it be this week or next week it has to come to a rest. This is where i would probably start thinking about buying the last leg of the rally before a bear takes takes effect. I could be wrong though, but will cease trading this week and just watch how events turn up.
  • #286,530
  • Aug 17, 2011 7:47am Aug 17, 2011 7:47am
also interesting to note the similarities in PA structure of the recent move.

http://img197.imageshack.us/img197/9...astructure.png
  • #286,531
  • Aug 17, 2011 7:47am Aug 17, 2011 7:47am
S/R ? depends TF we're working and current PA just my imho...
Quoting delorean
next resistance on Nov 2009 @6720-6770 and July 2009 @6920-6970.

Dont you think so?
not euphoria follower
  • #286,532
  • Aug 17, 2011 8:10am Aug 17, 2011 8:10am
2H
Attached Image (click to enlarge)
Click to Enlarge Name: 2h.gif Size: 17 KB
not euphoria follower
  • #286,533
  • Aug 17, 2011 8:12am Aug 17, 2011 8:12am
Quoting nAVIN2007
she done 183 pips range..never know but that really would be bullish
Oh yes. Should be done for today. I was thinking of tommorow.

But you never know... anything can happen
  • #286,534
  • Aug 17, 2011 8:15am Aug 17, 2011 8:15am
Done for today ? how u know ? today is not closed yet... there is still few hours to close the day just my imho


Quoting delorean
Oh yes. Should be done for today. I was thinking of tommorow.

But you never know... anything can happen
not euphoria follower
  • #286,535
  • Aug 17, 2011 8:16am Aug 17, 2011 8:16am
Quoting _BBKing_
m5 scan
...update...
Attached Image (click to enlarge)
Click to Enlarge Name: gum5.gif Size: 18 KB
90% of traders use TA, indicators and prediction
  • #286,536
  • Aug 17, 2011 8:17am Aug 17, 2011 8:17am
Check it out.... Cable on the move again
  • #286,537
  • Aug 17, 2011 8:25am Aug 17, 2011 8:25am
Quoting iqyu5an
Done for today ? how u know ? today is not closed yet... there is still few hours to close the day just my imho
I didnt say I know. No one knows. I was just "guessing" like everyone here

Yes, it is still early. Only the first 2 hours of NY open... anything can happen

Keep posting those charts. Very informative to see it from others perspective
  • #286,538
  • Aug 17, 2011 8:25am Aug 17, 2011 8:25am
in terms of AWR 80 more pips on the upside on GU, so the R/R shifting towards going short, still no clear sign to go short actually. ADR already wiped out, so cant really expect too much more today.
  • #286,539
  • Aug 17, 2011 8:32am Aug 17, 2011 8:32am
Quoting _BBKing_
m5 scan
hmm.hh... Can you tell me what does it mean?
  • #286,540
  • Aug 17, 2011 8:32am Aug 17, 2011 8:32am
Quoting ruffryders
cool price action, but need to sharpen my speed reloading technique. the damn thing is going from short to long and vs in split of a second.

maybe you need something like this...
Attached Image
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