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Cable Update (GBPUSD)

  • #286,901
  • Aug 19, 2011 6:06am Aug 19, 2011 6:06am
this thing is a bit hard to trade intraday today....
i dont like to wait in such a pattern
i call it a week!

see you all on new week

good luck and trade well
90% of traders use TA, indicators and prediction
  • #286,902
  • Aug 19, 2011 6:18am Aug 19, 2011 6:18am
Quoting _BBKing_
this thing is a bit hard to trade intraday today....
i dont like to wait in such a pattern
i call it a week!

see you all on new week

good luck and trade well

trading intraday is like panic hit the market
  • #286,903
  • Aug 19, 2011 6:26am Aug 19, 2011 6:26am
See the daily...
its nonsense...
it doesn't want to go anywhere,,,
what is going on ????
Attached Image (click to enlarge)
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Golden Goose Return This Month: na
  • #286,904
  • Aug 19, 2011 7:16am Aug 19, 2011 7:16am
GU H3 doing a bullish hook rev, also M30 triangle broke out to the upside, lacking momentum somewhat, still hinting that GU might try for 6600.

pending order @ 57 seems like an OK idea with a small lot.

http://img231.imageshack.us/img231/1852/guh3new.png
  • #286,905
  • Aug 19, 2011 7:18am Aug 19, 2011 7:18am
toc toc toc....

i was going to the beach and gave a look at monitor.

what do you see here?! W


i won't be here but i would search a buy near a confirmation of it. a fail will move price down so short the back test of it or of the trendline...

good luck!
Attached Image (click to enlarge)
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90% of traders use TA, indicators and prediction
  • #286,906
  • Aug 19, 2011 7:18am Aug 19, 2011 7:18am
sold the sum bitch twice..

not quite sure why..but it broke out of a range i was looking at it on 5 minute..my heart nearly stopped i thought GU hit the moon

just incase she going to break south..i have a chance to average sell positions
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  • #286,907
  • Aug 19, 2011 7:18am Aug 19, 2011 7:18am
maybe 6595 before ny is not exactly a dream.......
90% of traders use TA, indicators and prediction
  • #286,908
  • Aug 19, 2011 7:32am Aug 19, 2011 7:32am
sold at 1.6584 -not super confident but will see- stop above 1.66 not fixed yet
  • #286,909
  • Aug 19, 2011 7:38am Aug 19, 2011 7:38am
Quoting Flatfish
sold at 1.6584 -not super confident but will see- stop above 1.66 not fixed yet
that trendline on dailly is unbelievable..it did break but it bounced at a place a made a new one with 3 touches

what can u do

going for this now..as a setup
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  • #286,910
  • Aug 19, 2011 7:38am Aug 19, 2011 7:38am
Quoting Flatfish
sold at 1.6584 -not super confident but will see- stop above 1.66 not fixed yet
not a bad idea generally, since AWR is out on GU, however AMR 200 more pips on the upside, besides it broke the M30 triangle to the top + H3 bullish hook pattern.

http://img204.imageshack.us/img204/3776/gum30.png
  • #286,911
  • Aug 19, 2011 7:39am Aug 19, 2011 7:39am
Quoting Flatfish
sold at 1.6584 -not super confident but will see- stop above 1.66 not fixed yet
stop at BE. No worrys now
  • #286,912
  • Aug 19, 2011 7:41am Aug 19, 2011 7:41am
The horrible truth is, that in times like those, both fundamental, and technical analysis don't work so well, becouse only due to high amount of emontions, mostly negative, markets are moving without a pottern. All major pairs are in horrizontal movement, as you can see. It is realy hard to predict anything, couse another bad news can destroy even the best analysis. And there is nothing more frustating, then a good analysis that you have done, which isn't working.

Ofcourse people can try scalping, but it is also a bit of a gabling, as prices can move up half a day, and then go down, and again up. If you haven't balls of steel, or can't place you SL, or TP - don't scalp!

My view is that dust must settled, global economy needs to get some peace and then real technical factors will come to play! I hope this times will come soon.
  • #286,913
  • Aug 19, 2011 7:43am Aug 19, 2011 7:43am
Quoting ruffryders
not a bad idea generally, since AWR is out on GU, however AMR 200 more pips on the upside, besides it broke the M30 triangle to the top + H3 bullish hook pattern.

http://img204.imageshack.us/img204/3776/gum30.png

bro i aint feeling that jump up and sell activity..tell me that breakout is perhaps protected time being???
though selling on the wrong side of trendline not the best idea
Attached Image (click to enlarge)
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  • #286,914
  • Aug 19, 2011 7:44am Aug 19, 2011 7:44am
Quoting Haqu
The horrible truth is, that in times like those, both fundamental, and technical analysis don't work so well, becouse only due to high amount of emontions, mostly negative, markets are moving without a pottern. All major pairs are in horrizontal movement, as you can see. It is realy hard to predict anything, couse another bad news can destroy even the best analysis. And there is nothing more frustating, then a good analysis that you have done, which isn't working.

Ofcourse people can try scalping, but it is also a bit of a gabling, as prices...
this is very deep.
  • #286,915
  • Aug 19, 2011 7:47am Aug 19, 2011 7:47am
Quoting ruffryders
this is very deep.
Almost as deep as the market now
  • #286,916
  • Aug 19, 2011 7:49am Aug 19, 2011 7:49am
I put my stop at +3. The BS going around at the moment that the Fed are having an emergency meeting after markets close, kind of gives the market to sell dollar and find out the truth later.
  • #286,917
  • Aug 19, 2011 7:51am Aug 19, 2011 7:51am
http://img231.imageshack.us/img231/6490/guew.png

nAV, I don't usually follow EW, however here's the H4 analysis, clearly pointing to more upside @ 6700-6800 area, also cycles pointing higher and generally seasonal factors kick in for GU so more upside should be unlocked soon, unless of course there is a strong crash on FTSE and BRENT.
  • #286,918
  • Edited 8:17am Aug 19, 2011 7:55am | Edited 8:17am
Quoting Haqu
Almost as deep as the market now
i like the way u positive and about yur analysis and negative about the rest

thats the way to be

and im not being funny
  • #286,919
  • Aug 19, 2011 7:56am Aug 19, 2011 7:56am
i still guess it will pass the 6600 handle today.. judging from that agressive buying all over this wk. plunge in equities can screw it, then.. it's friday - profit taking due?! still sticking to target (6632), let's see..
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MarginTrader All Time Return: na
  • #286,920
  • Aug 19, 2011 7:57am Aug 19, 2011 7:57am
Quoting ruffryders
http://img231.imageshack.us/img231/6490/guew.png

nAV, I don't usually follow EW, however here's the H4 analysis, clearly pointing to more upside @ 6700-6800 area, also cycles pointing higher and generally seasonal factors kick in for GU so more upside should be unlocked soon, unless of course there is a strong crash on FTSE and BRENT.

just looking for average price on sell to be honest..but i have messed that up completely..now u can see why i swing trade..it keeps my out of trouble
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