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Cable Update (GBPUSD)

  • #293,241
  • Nov 27, 2011 5:32pm Nov 27, 2011 5:32pm
Quoting hutrader
interbank trading at 1.5482 right now.
quite a gap...
Yikes - a 50 pip gap. Let's see where it goes when Frankfurt opens.
I am shorting.
  • #293,242
  • Nov 27, 2011 6:17pm Nov 27, 2011 6:17pm
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  • #293,243
  • Nov 27, 2011 7:15pm Nov 27, 2011 7:15pm
Quoting fontu
Thanks for the analysis , think also too , no easy stop . weekly actually closed below the prevous close of interest 5486/3 with weekly sell signal at top & active & even close below weekly support 5474.
daily & h4 tf buy set up perfection & likely may correct but may do after a while a or minimal having a strong momentum down already . H1 tf buy signal confirmed eariler but can't take action & waiting still , resistance there 5632 (if then may good for the next short ) , may ok when in action , [b]may start 5323 or around level ( 5336/43...
Yeah, i guess it's time for correction, i know most of the traders here are heavily bearish, but i think before any move down, it will somehow correct first to gain more momentum to break the support zone. Currently, heavily long on fiber and short on swissy, and just got 1 position atm on cable. I have not fix any target yet, will close if i see any reversal sign in 1h or 4h.. just haven't decided yet.
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  • #293,244
  • Nov 27, 2011 7:39pm Nov 27, 2011 7:39pm
Quoting DubaiFX
any one short be careful here we may see a bounce from here, if broke 5820
then target will be 1.5660 and 1.5420 same as before,
short from 1.6050 as i mentioned before, still on it.
these are medium term trades, i will update you when i will reach my target or will stoped out at break even 1.6040 +10 for the negative interest
2 positions open one fore 1.5660 and another for 1.5420.
Good Luck Guys..
almost got all my target
now going High with GBPAUD 27$ per pip.
lets see if i can catch 100 pips
Good Luck to all
See the pic by ur self
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Don't compare your Trades with Others
  • #293,245
  • Nov 27, 2011 8:40pm Nov 27, 2011 8:40pm
http://lcchong.files.wordpress.com/2...ng?w=837&h=380
  • #293,246
  • Nov 27, 2011 8:54pm Nov 27, 2011 8:54pm
Quoting TauTrader
Good day,

Acknowledge that I am confused at present and thus staying out of GU until things clear up.
Entered 1st long on EU on this current dip @ 1.33248. Will only be buying dips for the next few sessions. Manage them as we go.

Trade well

Regards
Good day to you,

Cleared all positions on EU entered into on the recent trip lower. Still in dip buying mode - but banked first. May look to re-enter long on next drop again.

GU - uncertain about the little gap sitting lower - some traders acknowledge gaps as tradeable / some do not. Not going to argue this - will wait first but bias towards longing when lower...

All the best

Regards
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  • #293,247
  • Nov 27, 2011 9:05pm Nov 27, 2011 9:05pm
im long at 1.5473 , s/l 1.5399, t/p 1.5589
  • #293,248
  • Nov 27, 2011 10:31pm Nov 27, 2011 10:31pm
As we can see from the GU chart,currently the market is trying to break its previous High.If it able to break that High,we might expect Bullish.

However,if hte market are unable to break it,then keep on eye:

1) Daily Pivot - (1st Support)
2) Opening Gap (2nd Support)

Lets wait and see.


Twinsummit
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Trade what you SEE, don't trade what you FEEL. Be Smart! - (Webadoi)
  • #293,249
  • Nov 27, 2011 10:46pm Nov 27, 2011 10:46pm
Quoting twinsummit
As we can see from the GU chart,currently the market is trying to break its previous High.If it able to break that High,we might expect Bullish.

However,if hte market are unable to break it,then keep on eye:

1) Daily Pivot - (1st Support)
2) Opening Gap (2nd Support)

Lets wait and see.


Twinsummit
Hi twin summit,

imho, its bullish already. my target around 1.5560

yeah, lets wait and see also...

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Revenge of Scalper
  • #293,250
  • Nov 27, 2011 11:07pm Nov 27, 2011 11:07pm
Morning everyone

New week lets try and make some good trades. My view for the week is bullish but that is just what my charts is telling me now. If i see change i will trade accordingly. This morning i have a pending order. Buy at 1.54860 with a sl at 1.54360 and a take profit at 1.55860.

Wishing everyone a pip filled day
  • #293,251
  • Nov 28, 2011 1:15am Nov 28, 2011 1:15am
Quoting DubaiFX
almost got all my target
now going High with GBPAUD 27$ per pip.
lets see if i can catch 100 pips
Good Luck to all
See the pic by ur self
Good day to you,

  • #293,252
  • Nov 28, 2011 1:17am Nov 28, 2011 1:17am
interesting indi's...

can I ask where you got those from?

thanks

Quoting AcesHigh
Hi twin summit,

imho, its bullish already. my target around 1.5560

yeah, lets wait and see also...

  • #293,253
  • Nov 28, 2011 2:15am Nov 28, 2011 2:15am
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  • #293,254
  • Nov 28, 2011 2:17am Nov 28, 2011 2:17am
Quoting redsword11
Attachment

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out upper locked lower
  • #293,255
  • Nov 28, 2011 2:26am Nov 28, 2011 2:26am
Quoting redsword11
Attachment



out upper locked lower

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out most
  • #293,256
  • Nov 28, 2011 2:33am Nov 28, 2011 2:33am
The gap up on many broker openings and current daily hi is a H above the last LH of the downtrend on 4hr...but this t/f as wqell as daily remains bearish their 50sma's being under 100sma's and those under the 200sma's...price below all...and daily still in an opa downtrend.

1hr is the same situation re the sma's but price has challenmged area between the 50 and 100 at the current daily hi. last 3 x fractal swing prints on this t/f are a HH a HL and a LH, although it remains generally bearish.

Upside Fibs plotted from 6165,6192, 6028, 5888,5691 and on the 1hr shown below 5566 to last week's 5422 lo.

Immediately overhead are the unbreeched fibs of those moves plus potential res/sbr factors on 1hr chart below, 5548-52 being Daily R2/Weekly Pivot @/around.

G/L
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ex member
  • #293,257
  • Nov 28, 2011 2:39am Nov 28, 2011 2:39am
Quoting TauTrader
Good day to you,

Cleared all positions on EU entered into on the recent trip lower. Still in dip buying mode - but banked first. May look to re-enter long on next drop again.

GU - uncertain about the little gap sitting lower - some traders acknowledge gaps as tradeable / some do not. Not going to argue this - will wait first but bias towards longing when lower...

All the best

Regards
Good morning. I was going to post something similar but reading back you took the prize with the post and the chart. Spot on.

Also, I like your very polite repost to Dubaifx.
Gone to a better place
  • #293,258
  • Nov 28, 2011 2:42am Nov 28, 2011 2:42am
Daily Pivot suppports (for now?) in the opening broker gap...as price falls from current daily hi...nice repeating 1min bullish div play there, 30min closes as a bullish thrust master engulf x 2 as a result.

How strong are the bulls in this generally bearish scenario ? will 1hr close bullishly ?

G/L
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ex member
  • #293,259
  • Nov 28, 2011 2:44am Nov 28, 2011 2:44am
Quoting redsword11
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out most

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adjusted lock
  • #293,260
  • Nov 28, 2011 2:50am Nov 28, 2011 2:50am
@/around last week's 5422 low and below:

5434-22 prev 1hr/4hr sw lo zone
5403 Daily S1 @/around
5390-70 Steepest Weekly asc t/line with 5386 85.4% 5270-6165 and 5369 = Daily S2 @/around
5310/12 Daily S3 and Weekly S1 @/around
5420-5345-5330-5270 prev weekly/daily/4hr swing lo zone
5189 61.8% 4225-6746
5178 Weekly S2 @/around
5095-75 asc weekly t/line

G/L
ex member
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