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Cable Update (GBPUSD)

  • #290,581
  • Oct 17, 2011 1:43am Oct 17, 2011 1:43am
Quoting DubaiFX
again warning about GY and GU
they may fall very fast.. MACD is not where price should be,,..

Be careful Guys..
hello
just connected now!
yes must be careful but until it keep stay into hourly uptrend better get longs
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  • #290,582
  • Oct 17, 2011 1:45am Oct 17, 2011 1:45am
Quoting _BBKing_
that is EU
similar setup in GU
bounced on bottom channel line on this h1 candle
yes, so eu watch list levels 3876 & 86 like those in gu. corresponding limit breaks 5783 already in gu & eu 3799 still far away down . so to see who leading the failure as done gu & success eu by preventing breaks 3799 .

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #290,583
  • Oct 17, 2011 1:54am Oct 17, 2011 1:54am
good morning
i get it a bit late i was sleeping.
last time price bounced from that line we got a 240 pips move up.
that was helped by some fundamental factors.

today we are bouncing again here and in addition ther is a strong fibo confluence.

if we go out of these factors there is ema 60 in h1 which should provide some protection before more down.

for intraday 'scalps' and swings im still in favour of longs.
will change idea once those factors are broken
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 148 KB
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  • #290,584
  • Oct 17, 2011 1:59am Oct 17, 2011 1:59am
Quoting _BBKing_
good morning
i get it a bit late i was sleeping.
last time price bounced from that line we got a 240 pips move up.
that was helped by some fundamental factors.

today we are bouncing again here and in addition ther is a strong fibo confluence.

if we go out of these factors there is ema 60 in h1 which should provide some protection before more down.

for intraday 'scalps' and swings im still in favour of longs.
will change idea once those factors are broken
aye bro how are u?
  • #290,585
  • Oct 17, 2011 2:03am Oct 17, 2011 2:03am
Quoting _BBKing_
hello
just connected now!
yes must be careful but until it keep stay into hourly uptrend better get longs
I fail to see why we should think of shorting right now?? Where is the next resistance? Around 5940? No 4 hr macd divergence. Yes their is on 1 hour but considering we finished clearing 38.1 retrace on Friday this is to be expected. Interestingly, during the very end of Fridays session before close, there was no 5min divergence which you would normally expect at the end of a move. There were no real sellers, just those taking profits.
Attached Image (click to enlarge)
Click to Enlarge Name: why short.gif Size: 23 KB
Come with me if you want to live....
  • #290,586
  • Oct 17, 2011 2:09am Oct 17, 2011 2:09am
Quoting nAVIN2007
aye bro how are u?
hello big navin
very well had great pips last week

what abot you? dind't see you around here last weeks ...
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  • #290,587
  • Oct 17, 2011 2:12am Oct 17, 2011 2:12am
he is in wormy ... hehhehe

brother nav ..... how how ? miss u here and there
Quoting _BBKing_
hello big navin
very well had great pips last week

what abot you? dind't see you around here last weeks ...
not euphoria follower
  • #290,588
  • Edited 2:17am Oct 17, 2011 2:16am | Edited 2:17am
Quoting Ill-b-back
I fail to see why we should think of shorting right now?? Where is the next resistance? Around 5940? No 4 hr macd divergence. Yes their is on 1 hour but considering we finished clearing 38.1 retrace on Friday this is to be expected. Interestingly, during the very end of Fridays session before close, there was no 5min divergence which you would normally expect at the end of a move. There were no real sellers, just those taking profits.
below you see what i see on macd: a possible reverse up. could be wrong it is 8,22,9

i agree about profit takings.

im targeting previous high near 5850 with 50%position. the other 50% will try the 5860.80 area.

lets see
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 33 KB
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  • #290,589
  • Oct 17, 2011 2:17am Oct 17, 2011 2:17am
sorry BB King, I didn't mean to attach your post, got mixed up.
Come with me if you want to live....
  • #290,590
  • Oct 17, 2011 2:18am Oct 17, 2011 2:18am
Quoting Ill-b-back
sorry BB King, I didn't mean to attach your post, got mixed up.
don't worry
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  • #290,591
  • Oct 17, 2011 2:20am Oct 17, 2011 2:20am
Quoting fontu
yes, so eu watch list levels 3876 & 86 like those in gu. corresponding limit breaks 5783 already in gu & eu 3799 still far away down . so to see who leading the failure as done gu & success eu by preventing breaks 3799 .

fontu
imo are both going up today to previous high at least! true until those levels holds
90% of traders use TA, indicators and prediction
  • #290,592
  • Oct 17, 2011 2:24am Oct 17, 2011 2:24am
ok guys i took my position.
i must leave i have a very busy day (like every damn monday!)

will pop in if i see something different from what i posted earlier.

good luck you all
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  • #290,593
  • Edited 3:09am Oct 17, 2011 2:30am | Edited 3:09am
Quoting _BBKing_
imo are both going up today to previous high at least! true until those levels holds
Very possible & still on the track while price in a wedge or channel mofu nothing may to care , only follow blind till breaks the chain. will wait for any trade sl both above top & nothing more it can take . bull set up sitting both pairs now .

usdx in favour for the bulls , broken itself great limits .so wait more before any action .Eu bull success for next test 3936 & 3973/3996 & gu undecided but staying out , let it play first .
fontu
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #290,594
  • Oct 17, 2011 2:37am Oct 17, 2011 2:37am
Quoting _BBKing_
hello big navin
very well had great pips last week

what abot you? dind't see you around here last weeks ...
i found myself a job as im in a long term trade same positions..looking for 1.65 test if not breakout..but i will be happy with 1.65 and closeout
  • #290,595
  • Oct 17, 2011 3:19am Oct 17, 2011 3:19am
Quoting _BBKing_
ok guys i took my position.
i must leave i have a very busy day (like every damn monday!)

will pop in if i see something different from what i posted earlier.

good luck you all
Hope you had a great weekend BB. Lots of green pips today. Hope we have more of the same as last week. Today took the long this morning on the GBPJPY (Price action was better...and a little on the GBPUSD but closed early) just about to close on 78 pips and done for today. Hope you all have a green pip day.
Attached Image (click to enlarge)
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  • #290,596
  • Oct 17, 2011 3:50am Oct 17, 2011 3:50am
So for eu signal gu trying follow but still within limit here , not take any action but watching still . eu not seems any with good momentum to break 3936 but chances there for more , afterall crazily bullying it at the apparently last leg up . lets see where end.limits down 3878 & 59 , if both breaks all done at top.
fontu
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #290,597
  • Oct 17, 2011 4:13am Oct 17, 2011 4:13am
who will push the button ?
not euphoria follower
  • #290,598
  • Oct 17, 2011 4:26am Oct 17, 2011 4:26am
Quoting iqyu5an
who will push the button ?
True , hope for bull are usdx failure & eu possible up , eu breaking one limit 3878 now , next confirmation 3859 . if all the limits break in eu & gu , usdx great bear alone will not come rescue them , they will be more vulnarable than usdx alone. all down together!!

so pending remain for scalping here in gu with breaks 5781 towards tp above 5718 & next may be 5661.
if fail as per there should be sky falling effects , punish the crazy first . anyway time still there to take off & survive.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #290,599
  • Oct 17, 2011 5:11am Oct 17, 2011 5:11am
hello all
i took 50%profits @5840 and stopped @be the other 50% as planned

price unable to print new high

imo gates for down are opening

im not on my charts so can't post now....

lets see if closes candle out of hourly TL

good luck
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  • #290,600
  • Oct 17, 2011 5:18am Oct 17, 2011 5:18am
near here if im not wrong there is ema60 in h1
possible bounce before more down...
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