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Cable Update (GBPUSD)

  • #286,601
  • Aug 17, 2011 1:11pm Aug 17, 2011 1:11pm
Quoting chitindu
withdrew my trade, i think navin is right.

the top blue line is likely IMHO
Attached Image (click to enlarge)
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  • #286,602
  • Aug 17, 2011 1:13pm Aug 17, 2011 1:13pm
@ navin2007 Usually this is what i do it's just that i wanna see/hear both sides
  • #286,603
  • Aug 17, 2011 1:22pm Aug 17, 2011 1:22pm
Quoting nAVIN2007
in a word 1.67
I don't c it in my chart but let's C
I'm already in as i posted in previous post
  • #286,604
  • Aug 17, 2011 1:34pm Aug 17, 2011 1:34pm
Think there is room for some downwards movement before it breaks above. However a break above 1.661/2 is likely to motion further move up. Daily showing however stochastic is overbuy zone so I think bears may attack here.
Attached Image (click to enlarge)
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  • #286,605
  • Aug 17, 2011 2:15pm Aug 17, 2011 2:15pm
Hey guys, I'm new here, and I might be very wrong with this one, but I noticed GU likes to go up the staricase like in the chart. So nAVIN2007 might be right in the longer term, but for now a little retracement very possible.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_staircase.jpg Size: 115 KB
“I made most of my money sitting on my hands.”
  • #286,606
  • Aug 17, 2011 2:27pm Aug 17, 2011 2:27pm
expecting retrace down towards 1.6500/1.6480 ..

http://img43.imageshack.us/img43/4947/gum15.jpg
  • #286,607
  • Aug 17, 2011 2:32pm Aug 17, 2011 2:32pm
usdx
Attached Image (click to enlarge)
Click to Enlarge Name: usdx.gif Size: 19 KB
not euphoria follower
  • #286,608
  • Edited 3:21pm Aug 17, 2011 2:40pm | Edited 3:21pm
1.655 hit. Should now go down quite a bit below 1.6540.
  • #286,609
  • Aug 17, 2011 2:49pm Aug 17, 2011 2:49pm
Quoting Wulfgar
that 6350 option barrier is gonna be toast...

ok.. just kidding...
turned out to be a bit stiffer than i thought
  • #286,610
  • Aug 17, 2011 3:36pm Aug 17, 2011 3:36pm
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd18august.JPG Size: 60 KB

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http://gannmasterforex.blogspot.com/
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  • #286,611
  • Aug 17, 2011 5:22pm Aug 17, 2011 5:22pm
Attached Image (click to enlarge)
Click to Enlarge Name: gpb usd daily.gif Size: 170 KB


Bullish according to the coin flip .
  • #286,612
  • Aug 17, 2011 5:59pm Aug 17, 2011 5:59pm
Quoting nAVIN2007

man u got me..u actually made me laugh so much i almost broke my chair ..u good
i could have exited with 50 pips but i now i am thinking this trade on a long term because the price 1.6585 i m holding is very nice we dont see 1.65 levels every day so targeting 1.62xx, 1.6xxx.

Don't hope for gbp to go on 1.67 because those who are looking for 1.67 levels are ignoring usd which is already at its lowest levels as per usd index so i believe a lil bit up movement of usd will bring back pound on 1.63xx.

but that's just me

GL with your trading.
  • #286,613
  • Aug 17, 2011 6:01pm Aug 17, 2011 6:01pm
Quoting Pipstrumpf
Attachment

Bullish according to the coin flip .
it will not even touch 1.66xx

usd will rise soon.
  • #286,614
  • Edited 8:25pm Aug 17, 2011 8:14pm | Edited 8:25pm
Order placed at 38.2 % of todays swing long and stop below 50 % also previous breakout point is sl .
Any advice traders seniors (tp) target i am confused but i wont let it get in my head

LONGS 6497 TO BE PRECISE

STOP BELOW BREAKOUT 4467


COMMENTS WELCOME NO WORRIES HARSH

Mr invisible please comment also
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp 1 hr 180 august.gif Size: 14 KB
Click to Enlarge Name: h4 august 18.gif Size: 17 KB
We cannot direct the winds but we can adjust our sail.
  • #286,615
  • Aug 17, 2011 9:00pm Aug 17, 2011 9:00pm
I made a big mistake that i did not set a stop when i sold 0.2 lots GBP/USD at 1.6470 and they went up so aggressively to break that resistence. I dont know if it would drop down later but it looked moving down in the last a few hours so i would still hold it and to see if it will goes down a little bit more. The only thing i am worried is the retail data for GBP (I would at sleep at that time). Anyone think maybe i should close 0.1 lot before i sleep and keep the other 0.1 lot open to reduce the risk or what?
  • #286,616
  • Aug 17, 2011 9:05pm Aug 17, 2011 9:05pm
hello all
what a sleep!!

here is 4 in the morning, just woke up.
price 6512

checking charts.......:nerd:
90% of traders use TA, indicators and prediction
  • #286,617
  • Aug 17, 2011 9:12pm Aug 17, 2011 9:12pm
Quoting posterboy
Order placed at 38.2 % of todays swing long and stop below 50 % also previous breakout point is sl .
Any advice traders seniors (tp) target i am confused but i wont let it get in my head

LONGS 6497 TO BE PRECISE

STOP BELOW BREAKOUT 4467


COMMENTS WELCOME NO WORRIES HARSH

Mr invisible please comment also
hello,
me sincerely don't like place orders i prefer be in front on charts n look PA near my interested levels.
anyway imho a reaction should happen at your mentioned levels 6500 or 6475. im also waiting same levels to see if a long happens

actually few pips above 6500 i see a divergence on faster TF macd..
90% of traders use TA, indicators and prediction
  • #286,618
  • Aug 17, 2011 9:14pm Aug 17, 2011 9:14pm
this is the bullish divergence in m3 chart

this kind of div is the strongest one.
m3 chart is a fast TF so i don't expect such a strong move.

lets see if gives a 6520-25

possible also another wave down near 6490
Attached Image
90% of traders use TA, indicators and prediction
  • #286,619
  • Aug 17, 2011 9:23pm Aug 17, 2011 9:23pm
anyway price respecting that line.
better wait the breake of it to go long imho....

here is in m15
aslo seen in all TFs
Attached Image (click to enlarge)
Click to Enlarge Name: gum15.gif Size: 14 KB
90% of traders use TA, indicators and prediction
  • #286,620
  • Aug 17, 2011 9:28pm Aug 17, 2011 9:28pm
http://lcchong.files.wordpress.com/2...ng?w=877&h=397

http://lcchong.files.wordpress.com/2...ng?w=877&h=397
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