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Cable Update (GBPUSD)

  • #298,281
  • Jan 17, 2012 6:47am Jan 17, 2012 6:47am
Quoting _BBKing_
uhm ok possible but a new low means also strong bearish.
for gbp aud to go up means GU must go more up than AU.
or AU go more down than GU.

actually AU is approaching a daily upper TL + supply area near 470 then next stop is 100 pips above.
looks to me that AU can go more up than GU actually, once broken 470
It does mean strong bearish, at the same time it always means extremely oversold all depending on what index you rather rely.
What I meant was supported by fundies today seams to me the perfect day for a trend reversal in both extremely oversold Aussie pairs (Euro and Sterling).
Time will tell tho, we'll see what NY has to offer.
Don't get mad, get even!
  • #298,282
  • Jan 17, 2012 7:03am Jan 17, 2012 7:03am
current charts
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  • #298,283
  • Jan 17, 2012 7:05am Jan 17, 2012 7:05am
agressive entry at 90. no real target expect break of violet trendline.
stops above 5400
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Old Habits Die Hard.
  • #298,284
  • Jan 17, 2012 7:14am Jan 17, 2012 7:14am
scalp..
TP 1 5414
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  • #298,285
  • Jan 17, 2012 7:15am Jan 17, 2012 7:15am
Quoting kaspopsicle
added @ 15386
My sell limit just has been hit @ 1.5398 ...my bet that it won't break 1.54 resistance.

But i might be very, very wrong... has my sl ready @ 1.5425

donny
  • #298,286
  • Jan 17, 2012 7:19am Jan 17, 2012 7:19am
Quoting Donny_aw
My sell limit just has been hit @ 1.5398 ...my bet that it won't break 1.54 resistance.

But i might be very, very wrong... has my sl ready @ 1.5425

donny

added short 1.5401 target 1.5369 SL 1.5412
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #298,287
  • Jan 17, 2012 7:28am Jan 17, 2012 7:28am
Quoting eqshack
added short 1.5401 target 1.5369 SL 1.5412

I'm having similar trade plan as you and those who shorted and SL at 1.541
  • #298,288
  • Jan 17, 2012 7:29am Jan 17, 2012 7:29am
Short @ 5393. TP 5312.
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  • #298,289
  • Jan 17, 2012 7:37am Jan 17, 2012 7:37am
WTF is it Apathy day in the forex world?
  • #298,290
  • Edited 7:52am Jan 17, 2012 7:38am | Edited 7:52am
Back , still trying up in mofu , waiting see bo 5374 ( done now I see ) confirmation down 5365 breaks or not .gold down with 1658.25 for 1646.67 limit
fontu
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #298,291
  • Jan 17, 2012 7:41am Jan 17, 2012 7:41am
Quoting Donny_aw
My sell limit just has been hit @ 1.5398 ...my bet that it won't break 1.54 resistance.

But i might be very, very wrong... has my sl ready @ 1.5425

donny
i'm out all shorts at around b/e ...had added a few more than the 2 posted. G/L ..i'm off for a break.
All systems of divination, like music itself,work through patterns.
  • #298,292
  • Jan 17, 2012 7:46am Jan 17, 2012 7:46am
@stulic
@navin

yes true! thank you!
90% of traders use TA, indicators and prediction
  • #298,293
  • Edited 8:04am Jan 17, 2012 7:49am | Edited 8:04am
Quoting GDR3k
Short @ 5393. TP 5312.
SL is at BE.

Closed @ 5363 for 30+ pips.
  • #298,294
  • Edited 8:23am Jan 17, 2012 8:03am | Edited 8:23am
Quoting Shaggy_rock
agressive entry at 90. no real target expect break of violet trendline.
stops above 5400
out at 63, imo last support, left one running, expect pullback back to this level. nice flip ! let's monitor..
Cheers
Old Habits Die Hard.
  • #298,295
  • Jan 17, 2012 8:06am Jan 17, 2012 8:06am
Quoting eqshack
added short 1.5401 target 1.5369 SL 1.5412

profit taken 1.5359 ..waiting it go back to 80 and i gone short it again
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #298,296
  • Edited 8:29am Jan 17, 2012 8:15am | Edited 8:29am
Quoting kaspopsicle
i'm out all shorts at around b/e ...had added a few more than the 2 posted. G/L ..i'm off for a break.
hi kpops,

you had the right idea. just a bit early. USDX inside channel LTL held. GU chart, if the cluster at R1 holds then more upside here. bearish broadening wedge forming on the 1H though, so if we take it out, then DP is back in play.

I missed the Asia move. not a big fan of days like this when they hit the ATR early because it creates more chop for Europe/NY session.
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  • #298,297
  • Jan 17, 2012 8:36am Jan 17, 2012 8:36am
Quoting Fudomyo
hi kpops,

you had the right idea. just a bit early. USDX inside channel LTL held. if the cluster at R1 holds then more upside here. besarish broadening wedge on the 1H though, so if we take it out, then DP is back in play.

I missed the Asia move. not a big fan of days like this when they hit the ATR early because it creates more chop for Europe/NY session.
Thanks Fudo...i'm taking a breather to see how this plays out...cooling my itchy finger in other words, lol..
i missed the Asia move as well...went bed early 'cos thought there would be movement after yesterdays pancake....overslept.
Thanks again for your analysis. Makes sense. X
All systems of divination, like music itself,work through patterns.
  • #298,298
  • Jan 17, 2012 8:37am Jan 17, 2012 8:37am
Quoting eqshack
profit taken 1.5359 ..waiting it go back to 80 and i gone short it again

I'm out TP as well, profit few pips. Am just unsure on the trend, sitting out for the rest of the day
  • #298,299
  • Jan 17, 2012 8:42am Jan 17, 2012 8:42am
Quoting kaspopsicle
Thanks Fudo...i'm taking a breather to see how this plays out...cooling my itchy finger in other words, lol..
i missed the Asia move as well...went bed early 'cos thought there would be movement after yesterdays pancake....overslept.
Thanks again for your analysis. Makes sense. X
yeah, I was walking around in circles earlier because seeing the daily range covered before I even start trading gives me itchy fingers too.

if the 4H TL goes (same area as lower TF cluster) there'll be plenty more to be had.
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  • #298,300
  • Jan 17, 2012 8:48am Jan 17, 2012 8:48am
Quoting bguguen
Hi folks... jsut got back home, and boy oh boy... i knew something was up with GBPUSD...
As i said... i knew something was strange with the GBPUSD... too bad i didnt took the chance... 5350 as mentioned in previous posts, is the key daily level... Close above would reject the bears
we are now having a moment where close Below 5350 will lead to a drop to test 5270 again... given the fact H1 showed a Bearish MACD cross. i expect further bearish momentum and eventually leading to possibly Closing BELOW 5350, my bias remains bearish (too bad i didnt have the guts today to short at 5400... i did say it looked destined for 5400 but i wasnt sure the upmove if it was an effect of Chinese data or not... i knew chinese data would affect the Aussie, but wasnt too sure bout GBPUSD... turned out i shouldve trusted my instinct... another typical Stop Hunt Session earlier today....
ah well... ive been out all day anyways so cant care too much lol...
5270 back on the tables...

Updates, Chart showing the MACD bearish Crossover, the fact we had a crossover at a positive MACD means we have space for stronger bearish movements, 5350 been a key level for me today...
however need to see on 1 last thing before i can be bearish till 1.5270
need to see if the Downward sloping trend would act as a strong support or not... rejection would see us moving like the Green line drawn and break would see us going down like the drawn red line....
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