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Cable Update (GBPUSD)

  • #286,561
  • Aug 17, 2011 7:09am Aug 17, 2011 7:09am
picked a scalp 6558
already closed half n stops @be

lolz
90% of traders use TA, indicators and prediction
  • #286,562
  • Aug 17, 2011 7:10am Aug 17, 2011 7:10am
Fish HTF all the way!

On H4 expanding triangle, PA arrived from the bott, so that kinda points to resolution of the triangle to the top, not bott. Also it's at a point of max pressure now, so ADR can expand 2-3 times the standard. been there done that, tried to pick tops/botts, the lesson learned is just to go with momentum. Not to say that your short not gonna work out, but still, just be careful mate.

http://img508.imageshack.us/img508/4...h4triangle.png
  • #286,563
  • Aug 17, 2011 7:11am Aug 17, 2011 7:11am
Quoting _BBKing_
picked a scalp 6558
already closed half n stops @be

lolz

out whole+10
90% of traders use TA, indicators and prediction
  • #286,564
  • Aug 17, 2011 7:14am Aug 17, 2011 7:14am
i end here my day.

what a day!
90% of traders use TA, indicators and prediction
  • #286,565
  • Aug 17, 2011 7:14am Aug 17, 2011 7:14am
Quoting ruffryders
Fish HTF all the way!

On H4 expanding triangle, PA arrived from the bott, so that kinda points to resolution of the triangle to the top, not bott. Also it's at a point of max pressure now, so ADR can expand 2-3 times the standard. been there done that, tried to pick tops/botts, the lesson learned is just to go with momentum. Not to say that your short not gonna work out, but still, just be careful mate.

http://img508.imageshack.us/img508/4...h4triangle.png
Thanx, just looking for a scalp, agree momentum is UP. Lets tweet the youth of England to go shopping again with bricks.
May the forex be with you |
  • #286,566
  • Aug 17, 2011 7:22am Aug 17, 2011 7:22am
finally...closed last position for 75 pips.......
clear now. total ( 3 position ) : 100 + 100 + 75

done my day here.

C ya....

rgds



Quoting iqyu5an
closed at 6538 .
still hv one position running
not euphoria follower
  • #286,567
  • Aug 17, 2011 7:23am Aug 17, 2011 7:23am
Quoting Flatfish
I shorted at 1.6566 resistence stop at BE- If this trade gets stopped. I'll give up cable for the rest of the week. Target 1.65
Stopped out. Cable today reminds me of the old days when I first started trading it used to have a 300 pip range as normal. Even experienced a few 600 pips days -still remember clearly the margin call.
  • #286,568
  • Aug 17, 2011 7:23am Aug 17, 2011 7:23am
nice trade. wow what a volatile day.
  • #286,569
  • Aug 17, 2011 7:24am Aug 17, 2011 7:24am
Quoting ruffryders
Fish HTF all the way!

On H4 expanding triangle, PA arrived from the bott, so that kinda points to resolution of the triangle to the top, not bott. Also it's at a point of max pressure now, so ADR can expand 2-3 times the standard. been there done that, tried to pick tops/botts, the lesson learned is just to go with momentum. Not to say that your short not gonna work out, but still, just be careful mate.
don't worry !
i couldn't resist to pick those 10 pips.
i still have long @6470 already closed 75% of it.
i let it run till end of NY session stops @be.
90% of traders use TA, indicators and prediction
  • #286,570
  • Aug 17, 2011 7:25am Aug 17, 2011 7:25am
Quoting Evelyn Susan
Anyone try to short now? I think the daily range is already high. What do you guys think?
In my opinion. No clear signal yet... better wait for a definite breakout
  • #286,571
  • Aug 17, 2011 7:25am Aug 17, 2011 7:25am
Quoting FXFundi
Yip I have just entered short with a SL of 1.6600. Need to manage my risk. My reasons are resistance at 786 Fib, May 4th and May 31st High. Might not work out, but no risk, no reward.
Oh well... It took my stop loss
  • #286,572
  • Aug 17, 2011 7:26am Aug 17, 2011 7:26am
Hi friends,

Please share:

1. what makes GBP/USD so strong in bullish? will this bullish give me sign to a deep bearish?

2. If goes up, what is the max price that is going to aim?

please share with us...thanks dude
"sharing knowledge make us more rich"
  • #286,573
  • Aug 17, 2011 7:27am Aug 17, 2011 7:27am
i leave posting my daily chart updated a bit.

imho....

67 is very very near.

will see what happens from now n tomorrow.
surely i won't sleep a lot tonight
Attached Image (click to enlarge)
Click to Enlarge Name: gud1.gif Size: 37 KB
90% of traders use TA, indicators and prediction
  • #286,574
  • Aug 17, 2011 7:29am Aug 17, 2011 7:29am
1) yesterday..GU broke the GAP ( Resistance ) on 5 august

2) no body know .. what the max price....
but my imho...tomorrow we will know what max price for today

rgds..

***
please read in FF ... lot of people share their analysis... so just read in FF ...and especially read your own chart

Quoting rullyforex
Hi friends,

Please share:

1. what makes GBP/USD so strong in bullish? will this bullish give me sign to a deep bearish?

2. If goes up, what is the max price that is going to aim?

please share with us...thanks dude
not euphoria follower
  • #286,575
  • Aug 17, 2011 7:32am Aug 17, 2011 7:32am
Quoting Flatfish
I shorted at 1.6566 resistence stop at BE- If this trade gets stopped. I'll give up cable for the rest of the week. Target 1.65
Have tried this trade again stop currently 20 pips- will move to BE if it goes my way.
  • #286,576
  • Aug 17, 2011 7:32am Aug 17, 2011 7:32am
Quoting _BBKing_
i leave posting my daily chart updated a bit.

imho....

67 is very very near.

will see what happens from now n tomorrow.
surely i won't sleep a lot tonight
I agree. It is very possible to touch 6700 within this week.

Nice S/R on the daily! I would vouch for you if i could
  • #286,577
  • Aug 17, 2011 7:38am Aug 17, 2011 7:38am
So, interesting thing happend on the Cable. Currently we are over the major resistance from May, which should lead us up to 1.67480, and test it. Ofcourse moving past it opens even more bullish scenario. I will end untill day ending to confirm that and then go long.
Attached Image (click to enlarge)
Click to Enlarge Name: Usd1234.jpg Size: 168 KB
  • #286,578
  • Aug 17, 2011 7:39am Aug 17, 2011 7:39am
AMR on GU is 650 pips nowadays. current price is 6560. 200 pips of upside left. that delivers upside target of 6760 this month. previous top is appox 6740 so some reaction upon reaching. Monthly resistance lying ahead @ 6660, so reaction expected upon reaching as well.
  • #286,579
  • Aug 17, 2011 7:47am Aug 17, 2011 7:47am
i just fail to understand the math, weak GBP data, strong US data, yet GBP rose 200 pips
  • #286,580
  • Aug 17, 2011 7:50am Aug 17, 2011 7:50am
I'd say the higher GU got something to do with earnings season in UK in August and seasonal patterns, the data you mentioned is only one part of the equation.
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