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Cable Update (GBPUSD)

  • #291,441
  • Oct 28, 2011 3:08am Oct 28, 2011 3:08am
Quoting _BBKing_
got 60 pips in long gbp aud + 30 pips short gbp usd
huge pips considering they went in my account while sleeping
  • #291,442
  • Oct 28, 2011 3:08am Oct 28, 2011 3:08am
Quoting iqyu5an
USDX round number : 75
cheap or expensive ?
In bear rally daily tf , little cheap to buy some to dump latter . candle 6th ranging & decision making type , resistance above 75.44 support next 74.09 next day play .

fontu
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #291,443
  • Oct 28, 2011 3:09am Oct 28, 2011 3:09am
Quoting fontu
gold signal not in favour for long now & so why sit with long , closed all & waiting see if the correction coming down to short for next support .
http://www.forexfactory.com/showthre...39#post5080539
fontu
The link led me to a person who are grumpy because you have ignored the 200mA, I did yesterday

it always entertaining there..
  • #291,444
  • Oct 28, 2011 3:12am Oct 28, 2011 3:12am
Quoting josef
Morning, My chart looks boring.

Long at 1. 6078 SL 20 pips. TP Open.

Josef
Closed + 20 pips profit!

Regards,

Josef
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  • #291,445
  • Oct 28, 2011 3:13am Oct 28, 2011 3:13am
is the 1hr hidden divergence true ? ie will we see a new high above 6140 in the uptrend ?

G/L
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ex member
  • #291,446
  • Oct 28, 2011 3:15am Oct 28, 2011 3:15am
Wonder if this level will hold? Time for my coffee.
Gone to a better place
  • #291,447
  • Oct 28, 2011 3:25am Oct 28, 2011 3:25am
Some sharp minds here. Not sure if I can keep up. Maybe 2 coffees...
Gone to a better place
  • #291,448
  • Oct 28, 2011 3:27am Oct 28, 2011 3:27am
Quoting bbmac
is the 1hr hidden divergence true ? ie will we see a new high above 6140 in the uptrend ?

G/L
imo bulls are trying to go higher to avoid a possible weekly closing below 6060-6040 after taking profits near london closings.
this mean in numbers something around 6180-6220
now simply testing 6110 supply (where yesterday went straight to 6140)
to give it another push..

just an intuition
90% of traders use TA, indicators and prediction
  • #291,449
  • Oct 28, 2011 3:29am Oct 28, 2011 3:29am
Quoting _BBKing_
imo bulls are trying to go higher to avoid a possible weekly closing below 6060-6040 after taking profits near london closings.
this mean in numbers something around 6180-6220
now simply testing 6110 supply (where yesterday went straight to 6140)
to give it another push..

just an intuition
then if this happen, next week free money for shorts
90% of traders use TA, indicators and prediction
  • #291,450
  • Oct 28, 2011 3:40am Oct 28, 2011 3:40am
Quoting _BBKing_
then if this happen, next week free money for shorts
6200 is very possible...my target.
Trader from Croatia
  • #291,451
  • Oct 28, 2011 3:41am Oct 28, 2011 3:41am
Quoting josef
Closed + 20 pips profit!

Regards,

Josef
was better to hold till 6120.... anyway profits is profits!
90% of traders use TA, indicators and prediction
  • #291,452
  • Oct 28, 2011 3:44am Oct 28, 2011 3:44am
6163-6206 prev 4hr sw hi zone incl 6173 = 76.4% 6454-5270, 6175= Daily R1, 6181=61.8% 6746-5270 and 6194 = Wkly R2 @/around

... is what I see up to and just beyond your target..ahead of that immediate upside obstacles are shown on 1hr charet below:



G/L with it.


Quoting Geene
6200 is very possible...my target.
Attached Image
ex member
  • #291,453
  • Oct 28, 2011 3:46am Oct 28, 2011 3:46am
h4 chart shows me some interesting things.
a rising wedge into uptrend channel
a possible bearish divergence in macd
volumes turning down
that weekly trendline going near 6200 6220 6180 depends on time of touch.

must not forget emas (60-200) crossed up.
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90% of traders use TA, indicators and prediction
  • #291,454
  • Oct 28, 2011 3:50am Oct 28, 2011 3:50am
Quoting _BBKing_
imo bulls are trying to go higher to avoid a possible weekly closing below 6060-6040 after taking profits near london closings.
this mean in numbers something around 6180-6220
now simply testing 6110 supply (where yesterday went straight to 6140)
to give it another push..

just an intuition

then if this happen, next week free money for shorts
hi BBKing.. care to explain a bit why is that so? for purpose of my learning here
  • #291,455
  • Oct 28, 2011 3:52am Oct 28, 2011 3:52am
mni saying a break above the 76.4% of the 6140-6070 move opens up yesterday's highs 6040/50 offers likely withn stops above 6160.

G/L
ex member
  • #291,456
  • Oct 28, 2011 3:57am Oct 28, 2011 3:57am
These Weekly descending trendlines can be drawn from a number of swing hi's on that t/f...nearest I can see on this week's candle is 6440-60 area ?

G/L
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ex member
  • #291,457
  • Oct 28, 2011 3:59am Oct 28, 2011 3:59am
Good charts. I'm just a bit concerned about the amount of congestion this price has entered and the 61.8 fib. Add that this is a Friday and we might see some big traders closing longs and saying thank you, possibly before lunch. It's a nice day...

Attached Image (click to enlarge)
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This weekly chart shows what I mean.
Gone to a better place
  • #291,458
  • Oct 28, 2011 4:05am Oct 28, 2011 4:05am
Interestingly, the double bottom reached its target, which is 1.61
Gone to a better place
  • #291,459
  • Oct 28, 2011 4:06am Oct 28, 2011 4:06am
Quoting _BBKing_
was better to hold till 6120.... anyway profits is profits!
Yes, you are right.

Josef
  • #291,460
  • Oct 28, 2011 4:07am Oct 28, 2011 4:07am
...although price has exceeded that 61.8% fib 6617-5270 which is @ 6103...although no daily candle close above it yet...yesterday's daily candle was undoubtedly bullish (eurusd even more so) and the immediate upside obstacle is probably between the 76.4% of the 6140-8070 move @ 6124 and yesterday's hi itself @ 6140...mni talking about offers to 6150 ?

price encountering some supply at that 76.4% fib just now.

G/L

Quoting smikester
Good charts. I'm just a bit concerned about the amount of congestion this price has entered and the 61.8 fib. Add that this is a Friday and we might see some big traders closing longs and saying thank you, possibly before lunch. It's a nice day...

Attachment

This weekly chart shows what I mean.
ex member
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