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Cable Update (GBPUSD)

  • #296,301
  • Jan 1, 2012 8:06am Jan 1, 2012 8:06am
Quoting smilemiz
AGREE FONTU!!

u know the exact close is 1.5527

check my analysis here
http://www.forexfactory.com/showthre...73#post5258873

Quoting smilemiz
But gonna alert this one too .....due of early of month...

OK?

feeling this one more
  • #296,302
  • Jan 1, 2012 9:29am Jan 1, 2012 9:29am
I had mentioned, for couple of times, that there is an asymmetric triangle in the monthly chart. In theory,

 

  1. The room of downside is quite limited. The dynamic and stable support level is at around 1.5.
  2. We have larger upside. The dynamic resistance level is at around 1.64, and the stable resistance will be from 1.6744 to 1.7042.

http://lcchong.files.wordpress.com/2...ng?w=837&h=379


To know whether GBP/USD will have bearish breakout (from ascending triangle) or bounce back (within ascending triangle), the weekly chart gives us some clues. In the weekly chart,

 

  1. GBP/USD is in downtrend channel
  2. the trend line fans indicates loss of momentum of uptrend.

On the other hand, GBP/USD is now at very strong support zone (from 1.52721 to 1.53439). Looking at candlestick pattern, I doubt that GBP/USD lack of momentum to break this support zone. This is a clue where GBP/USD may at least stand above the particular support zone.
If GBP/USD bounces up, it needs to break 1.6 – 1.6164 first.


http://lcchong.files.wordpress.com/2...ng?w=837&h=380


The daily chart just show us another important support level: 52 Week Low (1.5272). Besides, there are few bullish shadows which indicates lack of momentum to break the support zone.
We can also can see an immediate resistance zone fro 1.5773 to 1.5778.


http://lcchong.files.wordpress.com/2...ng?w=837&h=379

  • #296,303
  • Jan 1, 2012 5:16pm Jan 1, 2012 5:16pm
Quoting Ill-b-back
Just checked my 30min and 4hr charts. I see your 5390. No down move indication on my chart yet. By my reckoning, if we get to 5390 without getting to 57, it should go lower.
happy new year you crazy trader
  • #296,304
  • Jan 1, 2012 5:45pm Jan 1, 2012 5:45pm
Quoting PoundTrader
happy new year you crazy trader
And to you my friend I know my above post must seem bloody obvious, I meant to say "if it doesn't reach 57 first". But then even that is probably fairly obvious also.
Come with me if you want to live....
  • #296,305
  • Jan 1, 2012 5:57pm Jan 1, 2012 5:57pm
.
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not euphoria follower
  • #296,306
  • Jan 1, 2012 7:44pm Jan 1, 2012 7:44pm
David Cameron: we are not immune from eurozone crisis <----


reason i said erlier tht im still bearish on this pair due fundamental..that statment show us a clue that UK economy still not ok yet...

unless there are a superb solution from ez memebr than i will check my assumption after that...hehe
Bismillah
  • #296,307
  • Jan 1, 2012 8:15pm Jan 1, 2012 8:15pm
take a relax dude ...bulllish or bearish .... market need relaxation also
Quoting krunfx
David Cameron: we are not immune from eurozone crisis <----


reason i said erlier tht im still bearish on this pair due fundamental..that statment show us a clue that UK economy still not ok yet...

unless there are a superb solution from ez memebr than i will check my assumption after that...hehe
not euphoria follower
  • #296,308
  • Jan 1, 2012 8:24pm Jan 1, 2012 8:24pm
Quoting iqyu5an
take a relax dude ...bulllish or bearish .... market need relaxation also
hehe..ok...just my oppinion.....
Bismillah
  • #296,309
  • Jan 1, 2012 8:37pm Jan 1, 2012 8:37pm
Test
sell...SL 1.5575,TP- Flexible
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  • #296,310
  • Jan 1, 2012 10:55pm Jan 1, 2012 10:55pm
Good Morning & Happy New Year 2012 once again with the trading start.
No invisible mode this year & all new mode/resolution to care myself first & foremost .
gu & others open ok so far but I think will be little difficult gap filling in gu & not in favour of any great bull soon. so will wait False frankie & false London if any up to decide .
wish all green pips to all .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #296,311
  • Jan 2, 2012 12:41am Jan 2, 2012 12:41am
Happy new year all!

The one trade I rolled over the weekend is my cable long. I'm getting some weekend data from my broker and shooting for a test of 5700 and 5800
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #296,312
  • Jan 2, 2012 12:58am Jan 2, 2012 12:58am
Quoting XTrade
Happy new year all!

The one trade I rolled over the weekend is my cable long. I'm getting some weekend data from my broker and shooting for a test of 5700 and 5800
Seems like you can pretty much forget about today, unless the London & New York sessions provide some movement, so then you need 2 days of ADR straight up to get there; seems like TEST is the operative word there!
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It takes a lot for me to IGNORE you, but you can try.
  • #296,313
  • Jan 2, 2012 12:59am Jan 2, 2012 12:59am
Quoting XTrade
Happy new year all!

The one trade I rolled over the weekend is my cable long. I'm getting some weekend data from my broker and shooting for a test of 5700 and 5800
Same to you . long closed last week end , short scalping also tp with open & waiting Frankie & London open to short & expecting just opposite an undershoot & targets all down & more . no trade for myself & no risks also .lets see if you are risk free then .good luck .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #296,314
  • Jan 2, 2012 1:11am Jan 2, 2012 1:11am
Dammit, just got home from work to find my broker on holidays
Come with me if you want to live....
  • #296,315
  • Jan 2, 2012 1:15am Jan 2, 2012 1:15am
Quoting Ill-b-back
Dammit, just got home from work to find my broker on holidays
No wait, hold the phone, just came online for the afternoon shift it seems. Hmmmm...
Come with me if you want to live....
  • #296,316
  • Jan 2, 2012 1:19am Jan 2, 2012 1:19am
Quoting abdul_halim
Test
sell...SL 1.5575,TP- Flexible
TP 1= 1.5479 (ractangle box)
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  • #296,317
  • Jan 2, 2012 1:34am Jan 2, 2012 1:34am
I hope you reach your TP, I'll buy at that.
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Come with me if you want to live....
  • #296,318
  • Jan 2, 2012 1:53am Jan 2, 2012 1:53am
Inserted Video
not euphoria follower
  • #296,319
  • Jan 2, 2012 2:03am Jan 2, 2012 2:03am
Quoting Ill-b-back
I hope you reach your TP, I'll buy at that.
  • #296,320
  • Jan 2, 2012 2:14am Jan 2, 2012 2:14am
Quoting abdul_halim
This ranging market is playing havoc with my system. 30min says buy, 1hr says sell, 4 hr says buy, daily says buy, weekly says sell. I have voices in my head right now
Come with me if you want to live....
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