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Cable Update (GBPUSD)

  • #292,661
  • Nov 16, 2011 2:38am Nov 16, 2011 2:38am
1stupside breech of the decscending 1hr trend line - no 1hr close above it yeh though as price encounters supply at 1st real previous 1hr swing lo zone - previous support.

G/L
Attached Image
ex member
  • #292,662
  • Nov 16, 2011 2:39am Nov 16, 2011 2:39am
Quoting gsantri
one could not hear you clearly
yes true.
90% of traders use TA, indicators and prediction
  • #292,663
  • Nov 16, 2011 2:42am Nov 16, 2011 2:42am
weekly trendline is attracting price near 5700 line.

5750 shown good demand today moving price higher 50 pips or so.

im interested to search longs near 5700 5680 this or next week.

scalps excluded...
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 79 KB
90% of traders use TA, indicators and prediction
  • #292,664
  • Nov 16, 2011 2:43am Nov 16, 2011 2:43am
Quoting Geene
5777 out
uhm why didn't hold more?
what made you feeling was enough?
just asking...
90% of traders use TA, indicators and prediction
  • #292,665
  • Nov 16, 2011 2:46am Nov 16, 2011 2:46am
repeating patterns of bullish divergence 1min-1hr at the current daily lo...15min as eg shown below.

All this and Uk data to come @ 0930, then Boe qtrly inflation report etc and merv the swerv at 1030am gmt. !

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 79 KB
ex member
  • #292,666
  • Nov 16, 2011 2:46am Nov 16, 2011 2:46am
Quoting _BBKing_
weekly trendline is attracting price near 5700 line.

5750 shown good demand today moving price higher 50 pips or so.

im interested to search longs near 5700 5680 this or next week.

scalps excluded...
i'm almost take a leave from trading after multiple attempt of my longs got stopped out (coz i thought i was crazy) lol. Anyway, seems like the price is testing the high of the daily double bottom, it's not confirmed yet but hopefully it will.
  • #292,667
  • Nov 16, 2011 2:51am Nov 16, 2011 2:51am
still struggling at the prev 1hr swing lo zone - prev support but nice 1st pukllback from there anbd bounce at the previous 5min swing hi x 3 zone...timed on 3min

How strong are the bulls ahead of the Uk data and Merv the Swerv ??

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 73 KB
ex member
  • #292,668
  • Nov 16, 2011 2:52am Nov 16, 2011 2:52am
What would be real nice is a test of 1.5900 area and a stall so we can short the heck out of this baby.
check out my blog: forexmademillionaire dot com
  • #292,669
  • Nov 16, 2011 2:54am Nov 16, 2011 2:54am
Quoting Geppy
What would be real nice is a test of 1.5900 area and a stall so we can short the heck out of this baby.
don't do that mate, i'm in long atm... your position(s) could affect my profits. LOL.
  • #292,670
  • Nov 16, 2011 2:55am Nov 16, 2011 2:55am
Quoting Geppy
What would be real nice is a test of 1.5900 area and a stall so we can short the heck out of this baby.
I can see a previous 1hr/4hr swing hi there 76.4% 5931-5752 just before it and 161.8% of 5845-5752 just above it...and of course Daily R1 @/around 5896.

G/L
ex member
  • #292,671
  • Nov 16, 2011 2:56am Nov 16, 2011 2:56am
Quoting _BBKing_
uhm why didn't hold more?
what made you feeling was enough?
just asking...
One more time...same size

2x@5770 BE+3
Attached Image (click to enlarge)
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Trader from Croatia
  • #292,672
  • Nov 16, 2011 2:57am Nov 16, 2011 2:57am
ok, later guys,

Green pips to all of you.
  • #292,673
  • Nov 16, 2011 3:21am Nov 16, 2011 3:21am
10mins before uk data and price still struggling to build on upside progress at bottom of a prev 1hr swing lo zone...plenty of fibs of the major 1hr 4hr and daily swings down from and including 6165, 6092 etc to current 5752 lo overhead.

G/L
ex member
  • #292,674
  • Nov 16, 2011 3:34am Nov 16, 2011 3:34am
Quoting Geene
One more time...same size

2x@5770 BE+3
ok good
90% of traders use TA, indicators and prediction
  • #292,675
  • Nov 16, 2011 3:36am Nov 16, 2011 3:36am
im shorting both GU n EU

gu for 5720
eu for 33 area

gu already cashed half postion
eu soft position will add if confirmed later
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.gif Size: 29 KB
Click to Enlarge Name: eu.gif Size: 31 KB
90% of traders use TA, indicators and prediction
  • #292,676
  • Nov 16, 2011 3:38am Nov 16, 2011 3:38am
knee-jerk move deeper into that prev 1hr swing lo zone on data release then supply hit.

..bearish regular divergence plays to the 5min - great 1min PB trigger ...30min hidden div - 3min shown below..testing the lows again now

G/L
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Click to Enlarge Name: z.jpg Size: 76 KB
ex member
  • #292,677
  • Nov 16, 2011 3:38am Nov 16, 2011 3:38am
Quoting _BBKing_
im shorting both GU n EU

gu for 5720
eu for 33 area

gu already cashed half postion
eu soft position will add if confirmed later
Wouldn't touch shorts in either pair right now. Waiting for 1.3650 in Eur/Usd to see how that reacts and 1.5900 in Sterling.
check out my blog: forexmademillionaire dot com
  • #292,678
  • Nov 16, 2011 3:41am Nov 16, 2011 3:41am
Close BE+7
Trader from Croatia
  • #292,679
  • Nov 16, 2011 3:56am Nov 16, 2011 3:56am
rejection candles don't get much better than this 1min in immediate post data.

Uk Boe Qtrly inflation report and press conference due at 1030am gmt...likely a downgrading to Gdp forecast ?..will they signal more Qe is on the cards ? if so may be dovish in tone and therefore pout downside pressure on the £

anything can happen (or nothing)

G/L
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ex member
  • #292,680
  • Nov 16, 2011 4:03am Nov 16, 2011 4:03am
On mobile right now.. buying dips.
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