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Cable Update (GBPUSD)

  • #288,741
  • Sep 15, 2011 7:04am Sep 15, 2011 7:04am
Quoting bbakker
Makes perfect sense Nav, but the market caught you out this time round. Will you be adding to a long at this level?

hell no!!!..am in enough mess
  • #288,742
  • Sep 15, 2011 7:06am Sep 15, 2011 7:06am
Now have stop/reverse on short at 1.5815. with 20 pip locked in and target pivot 1.5762 area - a break above 1.5815 my target 1.59. Now the waiting game.
  • #288,743
  • Sep 15, 2011 7:06am Sep 15, 2011 7:06am
Hello

Pretty much a triple lo on cable 1hr at /around thie asian lo/current daily lo today as cable builds upside off yesterday's 5705 daily lo....Upside progress has found supply at the previous 1hr swing hi zone co-existant with the 1hr rising channel top, this following an upside breech of the steepest 1hr descending trendline and a false break above the steepest 1hr / 4hr descending trend line.

A rash of U.s data due this London p.m

near-term current 1hr chart as below.

G/L
Attached Image (click to enlarge)
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ex member
  • #288,744
  • Sep 15, 2011 7:10am Sep 15, 2011 7:10am
Regular bearish divergence plays to 5min (shown below) at the current daily hi...uptrend probably extends to only sub 30min t/f's 1hr a little mixed with a bullish tone intraday 4hr/daily in a downtrend still.

Re general sentiment: 100sma reamsins below the 200sma on 1hr and 4hr but still above-pointing down on daily...price remains below both on 1hr/4hr.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z1.jpg Size: 107 KB
ex member
  • #288,745
  • Sep 15, 2011 7:12am Sep 15, 2011 7:12am
Quoting bbmac

A rash of U.s data due this London p.m
And I nearly forgot that Ben's coming up, the mug sure can ruin my day. Thanks for the reminder.

Be back later. Good luck to all!
Thank You
  • #288,746
  • Sep 15, 2011 7:16am Sep 15, 2011 7:16am
Quoting wormboy
And I nearly forgot that Ben's coming up, the mug sure can ruin my day. Thanks for the reminder.

Be back later. Good luck to all!
yeah will be eventfull..to say the least
  • #288,747
  • Sep 15, 2011 7:19am Sep 15, 2011 7:19am
Closed all trades and banked the pips- I don't fancy getting whipped this afternoon as you can't really tell from the chart which way market will take news and Ben- will let dust settle. Green pips to all
  • #288,748
  • Sep 15, 2011 7:20am Sep 15, 2011 7:20am
Quoting bbmac
Regular bearish divergence plays to 5min (shown below) at the current daily hi...uptrend probably extends to only sub 30min t/f's 1hr a little mixed with a bullish tone intraday 4hr/daily in a downtrend still.

Re general sentiment: 100sma reamsins below the 200sma on 1hr and 4hr but still above-pointing down on daily...price remains below both on 1hr/4hr.

G/L
Agree with the hourly mac, it has the oscillator turning positive suggesting that the divergence is now valid.
Attached Image (click to enlarge)
Click to Enlarge Name: guh1a.gif Size: 31 KB
Thank You
  • #288,749
  • Sep 15, 2011 7:25am Sep 15, 2011 7:25am
Hi mate, yeh that regular bullish divergence at yesterday's lo stretched up to the 4hr (see pic below) it is against those downtrend 4hr/daily and a ranging weekly with a current bearish biais though...could be a fractal swing lo on daily created if current daily lo is not exceeded....would need a good bullish candle today on the daily though to convince many to jump in long on the higher t/f triggers ?

G/L

Quoting wormboy
Agree with the hourly mac, it has the oscillator turning positive suggesting that the divergence is now valid.
Attached Image (click to enlarge)
Click to Enlarge Name: z2.jpg Size: 103 KB
ex member
  • #288,750
  • Sep 15, 2011 7:28am Sep 15, 2011 7:28am
Quoting _BBKing_
hello,
sure!
it is 0.44 n 0.56 level of fibonacci (44% n 56%)
i found it some months ago in EU thread

helpful for what it is: a 'fibonacci level'
Thank you sir
  • #288,751
  • Sep 15, 2011 7:30am Sep 15, 2011 7:30am
Quoting bbakker
Just remember GU loves to fake hence all wicks all over the charts, but here is my take on it. I will be looking for longs in the areas marked on my chart.

Attachment

Remember, this is just me and my analysis. Have a great day trading. Over and out for today!
So close to my target! I closed it and took the profit before the news release!
  • #288,752
  • Sep 15, 2011 7:47am Sep 15, 2011 7:47am
Quoting _BBKing_
for example i did not drawn the upward channel posted already by 2-3 members here
reason: i didn't notice it yet!

let's work all together guys!
every one every day (...) get a mistake!
As red always stated... "Traders help traders"
  • #288,753
  • Sep 15, 2011 7:49am Sep 15, 2011 7:49am
Have taken a long at 1.5809 hoping for a squeeze north- stop at 1.5787, but looks like I bought the fakeout. So will reload lower if it gets hit.
  • #288,754
  • Sep 15, 2011 7:51am Sep 15, 2011 7:51am
Quoting _BBKing_
h4
price closed a candle above that line where till last candle did not happen since 1.64
as we know every broker have different h4 candles..
could please some one post a differet broker h4 setup?
here's a 4h chart
Attached Image (click to enlarge)
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  • #288,755
  • Sep 15, 2011 8:04am Sep 15, 2011 8:04am
if gold can start going up..we going to fly!!!
  • #288,756
  • Sep 15, 2011 8:15am Sep 15, 2011 8:15am
Quoting nAVIN2007
if gold can start going up..we going to fly!!!
all the central bank put hands together to save your trade!!!
  • #288,757
  • Sep 15, 2011 8:16am Sep 15, 2011 8:16am
I have to admit I'm pleased to see this climbing at this time of day. I fully intend to short the BOLLOcKS***** off this after London closes and I see suitable PA. Like what's been happening higher up this perfect channel.
Gone to a better place
  • #288,758
  • Sep 15, 2011 8:16am Sep 15, 2011 8:16am
what the hell is Dr. Bernanke saying?
  • #288,759
  • Sep 15, 2011 8:22am Sep 15, 2011 8:22am
Quoting smikester
I have to admit I'm pleased to see this climbing at this time of day. I fully intend to short the BOLLOcKS***** off this after London closes and I see suitable PA. Like what's been happening higher up this perfect channel.

becarefull we will go so high u will need a stop

technically u were lucky to find the bottom

warning sign for u..is close above 1.59

Quoting Abouelzelouf
all the central bank put hands together to save your trade!!!
man i hope yur right
  • #288,760
  • Sep 15, 2011 8:25am Sep 15, 2011 8:25am
Quoting Flatfish
Have taken a long at 1.5809 hoping for a squeeze north- stop at 1.5787, but looks like I bought the fakeout. So will reload lower if it gets hit.
Closed for +40 was tempted to short but didn't. Done for the day on cable but may look for a short later.
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