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Cable Update (GBPUSD)

  • #300,741
  • Feb 16, 2012 9:09am Feb 16, 2012 9:09am
One more dip into the previous 4hr/1hr swing lo zone extending down to 5643 then 5640 and more demand there sees price shoot up - now breeching the 4hr/1hr descemding t/line to the upside challenging area of Daily R1 which is @/around 5725 and 100sma -1hr - this at bottom of a previous 4hr swing hi zone - this co-existant a little higher up with the previous 1hr swing hi zone - in red just above current price.

The 1hr near-term current chart below shows the potential res factors to the upside, not shown are Daily R2 and R3 @ 5767 and 5790 respectively.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 104 KB
ex member
  • #300,742
  • Feb 16, 2012 9:10am Feb 16, 2012 9:10am
Quoting _BBKing_
hehe...peace!
  • #300,743
  • Feb 16, 2012 9:11am Feb 16, 2012 9:11am
Scalp... Buy target 1.5758
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-02-16_Buy Cable.jpg Size: 368 KB
Always looking the GREAT, never left GOOD Point...
  • #300,744
  • Feb 16, 2012 9:12am Feb 16, 2012 9:12am
Quoting _BBKing_
Too early to say BBKing.... need to watch hourly close.. besides this upmove wont last long...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #300,745
  • Feb 16, 2012 9:13am Feb 16, 2012 9:13am
every trade today i got fucked over,had eur long at 1.30 got s/o at 72 then gbp/usd stopped out for another 30 pips,wish on such days someone would kick me in the face for trading.
  • #300,746
  • Feb 16, 2012 9:17am Feb 16, 2012 9:17am
Current near-term 4hr chart is here - the origon of the previous 4hr swing lo to 5640 is that it was a previous swinng hi on this 4hr and daily and (ie previous resistance) when breeched to the upside and price pulled back from 5927 it has acted as support forming then a previous 4hr swing lo zone too. The Daily chart below shows it clearly.

G/L
Attached Image(s) (click to enlarge)
Click to Enlarge Name: z.jpg Size: 75 KB
Click to Enlarge Name: z1.jpg Size: 71 KB
ex member
  • #300,747
  • Feb 16, 2012 9:20am Feb 16, 2012 9:20am
as i believe when using fibo, the 38.2, 50.0 and 61.8 is an area that very usual to be a "retracement" level.. i don't know about how the fundamental view about this chart..

no advice on it.. just want to share an idea about this level with fibo, and you guys with range-method looks like support it too..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 14 KB
  • #300,748
  • Feb 16, 2012 9:21am Feb 16, 2012 9:21am
dont bother showing a chart ... nothing can predict this ... just got go with the flow. I am short
  • #300,749
  • Feb 16, 2012 9:22am Feb 16, 2012 9:22am
Quoting bbmac
Current near-term 4hr chart is here - the origon of the previous 4hr swing lo to 5640 is that it was a previous swinng hi on this 4hr and daily and (ie previous resistance) when breeched to the upside and price pulled back from 5927 it has acted as support forming then a previous 4hr swing lo zone too. The Daily chart below shows it clearly.

G/L
aaah.. hello BB!
  • #300,750
  • Feb 16, 2012 9:25am Feb 16, 2012 9:25am
Quoting bguguen
Too early to say BBKing.... need to watch hourly close.. besides this upmove wont last long...

i will hold this trade till two possible events:
1. stop @be
2. manual close near 1.6350

but to do that will have to challenge mi itchy finger near 1.6160.
90% of traders use TA, indicators and prediction
  • #300,751
  • Feb 16, 2012 9:28am Feb 16, 2012 9:28am
5769..or higher
if wrong,im sorry
  • #300,752
  • Feb 16, 2012 9:28am Feb 16, 2012 9:28am
Quoting _BBKing_
i will hold this trade till two possible events:
1. stop @be
2. manual close near 1.6350

but to do that will have to challenge mi itchy finger near 1.6160.
Im actually looking to an opportunity to load more shorts fella...

and my target is at 5450... we'll see which one happens first...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #300,753
  • Feb 16, 2012 9:32am Feb 16, 2012 9:32am
GU has been juicing
  • #300,754
  • Feb 16, 2012 9:33am Feb 16, 2012 9:33am
Quoting Tsar
Scalp... Buy target 1.5758
Target Closed...

Play safety b'cause in Daily & Weekly Trend is Bearish.
Always looking the GREAT, never left GOOD Point...
  • #300,755
  • Feb 16, 2012 9:33am Feb 16, 2012 9:33am
Quoting Tsar
Scalp... Buy target 1.5758
agreed,
long from 1.5672 turned over already at 1.5760
  • #300,756
  • Feb 16, 2012 9:36am Feb 16, 2012 9:36am
Quoting bguguen
Im actually looking to an opportunity to load more shorts fella...

and my target is at 5450... we'll see which one happens first...
yes everything possible, and as always time will tell.
i thought to buy her near monthly pivot but actually looks like will take care about it later later. was very hard to move down and every dip have been bought by market. could be wrong but we see soon 1.59 area. more soon than i also could expect maybe.

everything take off today: EU AU GU GOLD strong bounce near 1700.
lets see if things keeps going till daily closing time at least.

good luck im leaving will come back soon
90% of traders use TA, indicators and prediction
  • #300,757
  • Feb 16, 2012 9:42am Feb 16, 2012 9:42am
It's a solid move up now testing 50% 5884-5643 in the previous 4hr/1hr swing hi zone shown on 1hr pic below - Daily S2 in here also....Upside breeches of the 50sma on 1hr that had contained price down recently, then the 1hr then 4hr descending trend line and then the 100sma - 1hr...

1hr Near-term screenshot is below and 5790 = Daily R3 @/around and 5803 = Weekly Pivot @/around.

Price has covered 108% now of the 20day atr so far today.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 108 KB
ex member
  • #300,758
  • Feb 16, 2012 9:44am Feb 16, 2012 9:44am
Quoting Ill-b-back
Hi Mano, put a few more on, see if you can move this market. JUST KIDDING!!
oo yes....it workes...i placed 0.2lot buy from 56.70......................and closed now at 57.60..................more oxygen for my account
  • #300,759
  • Feb 16, 2012 9:45am Feb 16, 2012 9:45am
Quoting PskovFX
agreed,
long from 1.5672 turned over already at 1.5760
You estimation almost same with me, Bro
Always looking the GREAT, never left GOOD Point...
  • #300,760
  • Feb 16, 2012 9:47am Feb 16, 2012 9:47am
Quoting _BBKing_
yes everything possible, and as always time will tell.
i thought to buy her near monthly pivot but actually looks like will take care about it later later. was very hard to move down and every dip have been bought by market. could be wrong but we see soon 1.59 area. more soon than i also could expect maybe.

everything take off today: EU AU GU GOLD strong bounce near 1700.
lets see if things keeps going till daily closing time at least.

good luck im leaving will come back soon
agreed
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