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Cable Update (GBPUSD)

  • #290,641
  • Oct 17, 2011 1:56pm Oct 17, 2011 1:56pm
Quoting Faller
This is the third update of my one hour chart that I originally posted on Saturday.....see initial post with chart here - http://www.forexfactory.com/showthre...41#post5043441

This chart has one new note showing how price retraced back up to lower trend line of the upper channel and is now falling....with Stochastics and Macd rolled over.....there is big news coming out at 4:30AM est today.....could see some big moves - I am projecting further down but hey the other week when the UK announced 75 billion bond purchasing increase...
excellent analysis

i think this is all about oil thou to be honest i have noticed for a while..oil was very low the minute that gained (intervention i think) cable increased in strength....have a look at oil guys u will see for yourself
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  • #290,642
  • Oct 17, 2011 2:09pm Oct 17, 2011 2:09pm
Quoting Faller
This is the third update of my one hour chart that I originally posted on Saturday.....see initial post with chart here - http://www.forexfactory.com/showthre...41#post5043441

This chart has one new note showing how price retraced back up to lower trend line of the upper channel and is now falling....with Stochastics and Macd rolled over.....there is big news coming out at 4:30AM est today.....could see some big moves - I am projecting further down but hey the other week when the UK announced 75 billion bond purchasing increase...
why you post the link of your previous post?
90% of traders use TA, indicators and prediction
  • #290,643
  • Oct 17, 2011 2:37pm Oct 17, 2011 2:37pm
Quoting _BBKing_
why you post the link of your previous post?
Why not? Is good stuff...
All systems of divination, like music itself,work through patterns.
  • #290,644
  • Oct 17, 2011 2:38pm Oct 17, 2011 2:38pm
ok
time for a rest.

good luck n green pips you all
90% of traders use TA, indicators and prediction
  • #290,645
  • Oct 17, 2011 2:52pm Oct 17, 2011 2:52pm
Quoting kaspopsicle
Cable hitting resistance. Dx hitting support...100ema at 660 coinciding with static support (almost)@ 689
well, well... kas got it right on the day...
All systems of divination, like music itself,work through patterns.
  • #290,646
  • Oct 17, 2011 4:47pm Oct 17, 2011 4:47pm
Quoting DubaiFX
MACD is DOWN already in daily
it will test 5680 before anymove up if it holds above today 5820 then might be 5930 and then 1.6080 might be seen this week..

and about GBPJPY still brearish BOJ intervention may hit my stop if they dont then 120.80 is likely today to be seen before may move up..

Younas..
as i said before and it hit my target.

and about GU i said 5680 still holding and will hold till 5680 if broken then 1.5420 end of the week possible also
Don't compare your Trades with Others
  • #290,647
  • Oct 17, 2011 4:49pm Oct 17, 2011 4:49pm
Quoting DubaiFX
again warning about GY and GU
they may fall very fast.. MACD is not where price should be,,..

Be careful Guys..
Does any one remember my warning about GU and GY ???


i have got my targets and some is gu half clsoed half locked see if it meets 1.5660-80

Good Luck. Guys
Don't compare your Trades with Others
  • #290,648
  • Oct 17, 2011 5:31pm Oct 17, 2011 5:31pm
i have one open since 5824 and sl at bep ( already have closed other two position by 50 & 75 pip )

waiting target hit at the moment ( if not, it's ok )


Quoting DubaiFX
Does any one remember my warning about GU and GY ???


i have got my targets and some is gu half clsoed half locked see if it meets 1.5660-80

Good Luck. Guys
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not euphoria follower
  • #290,649
  • Oct 17, 2011 9:07pm Oct 17, 2011 9:07pm
No time for chart....short cable 1.5780 futures - equates to forex price of 1.5790
I don't trust any move - when you have profit...take it.
  • #290,650
  • Oct 17, 2011 9:38pm Oct 17, 2011 9:38pm
Quoting Faller
No time for chart....short cable 1.5780 futures - equates to forex price of 1.5790

Out.....covered at 1.5760 plus 20 pips..........

The market did not like the news out of China.......took a little profit now.....there may be a further drop.....oil really took a shit kicking on the China news...I am ok to sit it out until London session now.....going to bed.......sweet dreams to all.....I will post a chart here.....with basic notes.....but this trade was a reaction trade to the news.......so can't say it was technical or fundamental......but it was how I reacted to what I saw across my 6 monitors....

Cheers....
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I don't trust any move - when you have profit...take it.
  • #290,651
  • Oct 17, 2011 11:16pm Oct 17, 2011 11:16pm
Quoting kaspopsicle
Why not? Is good stuff...
hello,
how is there?

question was not for you mate... and i never said that it is not good what faller said. was just asking
90% of traders use TA, indicators and prediction
  • #290,652
  • Oct 17, 2011 11:34pm Oct 17, 2011 11:34pm
good morning.
price unable to close below the 5750 strong area. with a good zoom out in a good broker we can see what means that 5750 in GU.
will post later.

actually daily chart clearly say a move to 59 area till 6000 at least.
matter is on hourly timeframes. price out of rising wdge on hourly.
doesn't matter.

this is the reason why i took a small short near 5800 with a stop loss more than 6150 and still not adding on that position.
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90% of traders use TA, indicators and prediction
  • #290,653
  • Oct 17, 2011 11:36pm Oct 17, 2011 11:36pm
Quoting _BBKing_
i reloaded long when i noticed this reversed HS pattern happening against main h1+h4 ascending trendline.

i didn't post it coz it was quite risky trade.

now things are clear to me.

previous strong 5780-5800 area now shall act as support.
if happens we go to 5850 hourly resistance.

if higher we enter in what i have as shorting area 5850 till 5990.


meanwhile im opening now a short position SL 6150 target 5050.
if get stopped i loose 5€ so its very small. will add further if/when i see confirmation happening.

time will tell
i changed my target in 5150.
90% of traders use TA, indicators and prediction
  • #290,654
  • Oct 18, 2011 12:16am Oct 18, 2011 12:16am
Bearish divergence on the 1H with price getting a good amount above the EMA20 on the 4H. Might see a little downward movement when London opens.
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  • #290,655
  • Oct 18, 2011 12:23am Oct 18, 2011 12:23am
Morning , more or less same sceneros with eu , top not confirmed but here trying bull at higher levels & apparently seems it trying kill itself fast . lets see ,will keep short scalping till bull confirm go.
fontu

http://www.forexfactory.com/showthre...33#post5048633
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #290,656
  • Oct 18, 2011 12:47am Oct 18, 2011 12:47am
possible re-test of hourly uptrend.
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90% of traders use TA, indicators and prediction
  • #290,657
  • Oct 18, 2011 1:05am Oct 18, 2011 1:05am
Quoting factorof2
Bearish divergence on the 1H with price getting a good amount above the EMA20 on the 4H. Might see a little downward movement when London opens.
true!
also in hourly macd!

i went short 5805 SL above possible re-test of uptrend line

already cutted partially position n tightened SL
Attached Image (click to enlarge)
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90% of traders use TA, indicators and prediction
  • #290,658
  • Oct 18, 2011 1:27am Oct 18, 2011 1:27am
Quoting _BBKing_
true!
also in hourly macd!

i went short 5805 SL above possible re-test of uptrend line

already cutted partially position n tightened SL
out whole +8
90% of traders use TA, indicators and prediction
  • #290,659
  • Oct 18, 2011 1:32am Oct 18, 2011 1:32am
I really wish I'd listen to my own analysis sometimes. That drop would've been good for about +60 had I opened on the cable and the euro

Still new and I'm too scared to get in sometimes.
  • #290,660
  • Edited 1:48am Oct 18, 2011 1:37am | Edited 1:48am
Logical & alleged failure correcting up eu & should fall to levels concerned in it & at the same time gu also to down but gu not aligned with eu I see & so ,
fontu
http://www.forexfactory.com/showthre...64#post5048764
Not understand?better not follow my analyses!doubt clearer first, risks ++
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