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Cable Update (GBPUSD)

  • #300,781
  • Feb 16, 2012 11:11am Feb 16, 2012 11:11am
Quoting _BBKing_
got a huge luck on that!!!!
but ssshh dont tell anybody
high risk sentiment came back on markets for what i see.
lets see maybe they want to close bullish weekly candles.
early to say, but possible!
Apparently the Greek debt swap deal will be completed this weekend. If so, it's kick the can down the road time until April when the general elections come up. If it actually happens, this could get pumped a lot further.

For intraday, DR3/WP (where we're sitting now) should hold the top for the day.
  • #300,782
  • Feb 16, 2012 11:39am Feb 16, 2012 11:39am
GBP/USD,Daily View,1Hour chart(16.02), London Close

Bullish Probability;price has found support at 1.568(Weekly s1 Pivot)today and now has reached 1.576(daily r2 Pivot)and it is testing 1.578(the Weekly Main Pivot confluence with 200SMa).If this resistence will be broken, price could go as higha s 1.591(Weekly R1 Pivot)because the downtrend will be broken.

Bearish Probability if the weekly pivot holds as resistence will turn back down to 1.572(aily r1 Pivot confluence with 100SMa) and further to 1.569(confluence between Daily Main pivot and 50SMa).

Doctortyby
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_Hourly_snapshot.png Size: 20 KB
  • #300,783
  • Feb 16, 2012 11:44am Feb 16, 2012 11:44am
Quoting swano
bbking do u go by pivot points mostly how do u use them effectly
depends on PA as always
actually monthly pivot comes near heavy daily fibo confluence. i thought to see price going there this week in retrace but was clearly unable to do more down.
so pivots ok but what i usually do is reading action near main levels.

today pure luck, i didnt expect such a strong fast up move.
i thought to have problems near 5700 and 5730...

conclusions: better never think!
90% of traders use TA, indicators and prediction
  • #300,784
  • Feb 16, 2012 11:47am Feb 16, 2012 11:47am
Quoting Fudomyo
Apparently the Greek debt swap deal will be completed this weekend. If so, it's kick the can down the road time until April when the general elections come up. If it actually happens, this could get pumped a lot further.

For intraday, DR3/WP (where we're sitting now) should hold the top for the day.
yes should hold here top of day. maybe move bit down later near 5760 again.
i hold that long, could be the start of strong impulse to at least 59 area.
lets see, market is crazy must be careful!

switching off now for dinner, bybye n good luck!
90% of traders use TA, indicators and prediction
  • #300,785
  • Feb 16, 2012 11:56am Feb 16, 2012 11:56am
Quoting _BBKing_
depends on PA as always
actually monthly pivot comes near heavy daily fibo confluence. i thought to see price going there this week in retrace but was clearly unable to do more down.
so pivots ok but what i usually do is reading action near main levels.

today pure luck, i didnt expect such a strong fast up move.
i thought to have problems near 5700 and 5730...

conclusions: better never think!
Agree !!! damn right...
too much think.. it makes me careless.. makes me can't see the real signal in 4H chart...
lost almost 100 pips today...
any suggestion...
I'm to hurry and greedy !!!!!!


Golden Goose Return This Month: na
  • #300,786
  • Feb 16, 2012 12:24pm Feb 16, 2012 12:24pm
Today's trade on GBPUSD

placing trade at the beginning of a trend is very important cos it makes the stop loss very tight

http://clip2net.com/s/1Bk4f

The above screenshot shows the entry point for the bullish move
  • #300,787
  • Feb 16, 2012 12:44pm Feb 16, 2012 12:44pm
Quoting IgumzFx
Today's trade on GBPUSD

placing trade at the beginning of a trend is very important cos it makes the stop loss very tight

http://clip2net.com/s/1Bk4f

The above screenshot shows the entry point for the bullish move
Almost exactly where I went in. I got out my first trade with 92pips. Second trade is still running. Still looking strong
To live a successful life, we must lose our fear of being wrong
  • #300,788
  • Feb 16, 2012 1:22pm Feb 16, 2012 1:22pm
Hi Mano, I've just woken up and seen the bounce. Ive taken profit before going to work.
Come with me if you want to live....
  • #300,789
  • Feb 16, 2012 1:33pm Feb 16, 2012 1:33pm
Quoting smikester
Those people posting longs here would you mind posting a chart to back up your sentiment? Or maybe something fundamental?

Fundamentally it's just a week since the Bank of England increased QE from a massive £275 to £325 billion pounds. Do you know what this means? See the daily candles?

USD is showing strength again. Look at the Swissy, USD/JPY, EUR/USD. Why fight it? Follow the trend.

Technically we reached 1.57 and bounced slightly. I doubt we will touch that number again for a while. In an uptrend you might expect 38.2 to hold but we...
Hi Smikester, sorry, I was in bed nursing the baby when I read your post. I have attached my chart below including the support I have mentioned a number of times in previous posts. Have taken profit early before going to work.
Attached Image (click to enlarge)
Click to Enlarge Name: christmas trade32.gif Size: 19 KB
Come with me if you want to live....
  • #300,790
  • Feb 16, 2012 1:51pm Feb 16, 2012 1:51pm
I got in on long at 1.5788.
  • #300,791
  • Feb 16, 2012 1:52pm Feb 16, 2012 1:52pm
Quoting _BBKing_
no no!
this thing is flying straight into 1.59 then 1.60 to get 1.63 next week.
was not bearish trend!!
was only a tech retrace to relax from bounce coming from 1.52.

ok, i could be wrong, but my plan was to go long near 1.5580 1.5560 monthly pivot area to target 1.63.

actually market is saying that time have come to go up.
i don't remember i have seen in my experience a similar insane up-move!
looks like "sell" button disapperead from big desks...
  • #300,792
  • Feb 16, 2012 2:04pm Feb 16, 2012 2:04pm
http://tomfishburne.com/site/wp-cont...0503.bear_.jpg
He he, for now anyway
Come with me if you want to live....
  • #300,793
  • Feb 16, 2012 2:09pm Feb 16, 2012 2:09pm
thats what happened to bears today,a$$ rape till the end
Attached Image
  • #300,794
  • Feb 16, 2012 2:20pm Feb 16, 2012 2:20pm
Personally, I am waiting for a confirmed closed break of my TL before going long again, targeting weekly 60sma
Come with me if you want to live....
  • #300,795
  • Feb 16, 2012 2:41pm Feb 16, 2012 2:41pm
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd.gif Size: 37 KB


IMO not ideal for short or long. Its like coin flipping.
  • #300,796
  • Feb 16, 2012 2:57pm Feb 16, 2012 2:57pm
Quoting nAVIN2007
90% of traders use TA, indicators and prediction
  • #300,797
  • Feb 16, 2012 3:00pm Feb 16, 2012 3:00pm
bears' hunt re-opened?
we should find a lot near 1.59 but imo larger group will be near 1.5960-70
Attached Image
90% of traders use TA, indicators and prediction
  • #300,798
  • Feb 16, 2012 3:04pm Feb 16, 2012 3:04pm
weekly candle could be very amazing if tomorrow closes above 5925!
would destroy everything!
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 15 KB
90% of traders use TA, indicators and prediction
  • #300,799
  • Feb 16, 2012 3:13pm Feb 16, 2012 3:13pm
Quoting mano940
oo yes....it workes...i placed 0.2lot buy from 56.70......................and closed now at 57.60..................more oxygen for my account
, sorry, I missed this post. Little guy wins today. I also actually placed another one at 5675 but did not want to encourage it...
Come with me if you want to live....
  • #300,800
  • Feb 16, 2012 3:18pm Feb 16, 2012 3:18pm
Quoting Ill-b-back
, sorry, I missed this post. Little guy wins today. I also actually placed another one at 5675 but did not want to encourage it...
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