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Cable Update (GBPUSD)

  • #302,261
  • Mar 5, 2012 12:40am Mar 5, 2012 12:40am
Quoting UbuFamily
Well bro, previously I am into bullish point of view as u can see from my previous charts...but u know nobody can predict pair directions....in fact, there's this famous quote saying "follow the market, don't go against it"

but bro, I would love to see your charts if u had put some drawings in there to show bullish pattern
The classic 15 min bullish divergence and very strong "hidden" 1hr bullish divergence In my charts above are about as close to reversal patterns as I get bro
Come with me if you want to live....
  • #302,262
  • Mar 5, 2012 2:20am Mar 5, 2012 2:20am
good morning,
i was looking to a possilbe buy here but really actually i can't.
price closed below that candle in 5800.

if this area will not hold (meaning a clear breaking into 1.57) will be interesting to see reaction at near 5750. but i think we are going down down down. lets see later services pmi if helps to recover some (or if will help to tank)

meanwhile usd chf printed a great bull setup, for what i see

edit: by saying "i think" means that actually have no trades open in GU, im only saying what i see on chart, and waiting an entry point..
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 26 KB
90% of traders use TA, indicators and prediction
  • #302,263
  • Mar 5, 2012 2:24am Mar 5, 2012 2:24am
4hr bearish......

1.5752 and 1.5680
Attached Image (click to enlarge)
Click to Enlarge Name: gu4hr.jpg Size: 85 KB
  • #302,264
  • Mar 5, 2012 2:29am Mar 5, 2012 2:29am
Daily in a channel and 1.5752 may find some support there.
Attached Image (click to enlarge)
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  • #302,265
  • Mar 5, 2012 2:47am Mar 5, 2012 2:47am
Quoting _BBKing_
good morning,
i was looking to a possilbe buy here but really actually i can't.
price closed below that candle in 5800.

if this area will not hold (meaning a clear breaking into 1.57) will be interesting to see reaction at near 5750. but i think we are going down down down. lets see later services pmi if helps to recover some (or if will help to tank)

meanwhile usd chf printed a great bull setup, for what i see

edit: by saying "i think" means that actually have no trades open in GU, im only saying what i see on chart, and waiting...
Nice oppty to s, no to b, the bl cdle say to the last bull hamer i d't care on ur supply.
wish good next entry nice guy
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #302,266
  • Mar 5, 2012 3:10am Mar 5, 2012 3:10am
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 23 KB
90% of traders use TA, indicators and prediction
  • #302,267
  • Edited 3:52am Mar 5, 2012 3:14am | Edited 3:52am
Currently short @ 1.58099, SL is at break even. TP 1.5654.



Stopped @ BE.
Attached Image (click to enlarge)
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  • #302,268
  • Mar 5, 2012 3:16am Mar 5, 2012 3:16am
last time price was here found a strong push up.
now nothing.
services pmi in few minutes.
90% of traders use TA, indicators and prediction
  • #302,269
  • Mar 5, 2012 3:19am Mar 5, 2012 3:19am
scalping allowed..
Attached Image (click to enlarge)
Click to Enlarge Name: sclpgu.jpg Size: 150 KB
  • #302,270
  • Mar 5, 2012 3:21am Mar 5, 2012 3:21am
Quoting GDR3k
Currently short @ 1.58099, SL is at break even. TP 1.5654.

Nice entry......watch the level now.
Attached Image (click to enlarge)
Click to Enlarge Name: 5min.jpg Size: 73 KB
  • #302,271
  • Mar 5, 2012 3:32am Mar 5, 2012 3:32am
yesss baby I scalped a lot today
I trade to live
  • #302,272
  • Mar 5, 2012 3:38am Mar 5, 2012 3:38am
price no moving in demand area despite bit bad services...
im long 40pips SL
lets see, possible bad mistake.
90% of traders use TA, indicators and prediction
  • #302,273
  • Mar 5, 2012 3:48am Mar 5, 2012 3:48am
Quoting _BBKing_
last time price was here found a strong push up.
now nothing.
services pmi in few minutes.

It seems like no movement in that sevices PMI...maybe it clashed with EUR Sentix Investor Confidence....lol what a coincidence..
I trade to live
  • #302,274
  • Mar 5, 2012 3:56am Mar 5, 2012 3:56am
SL amended.
if goes down below actual day low, will certainly dip more. no reasons to risk...
still waiting trailing stop 15pips to be triggered. if no new high in m15 soon, i will close and re-enter another one later. is monday, 5 full days left till end of the week ;-)
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 26 KB
90% of traders use TA, indicators and prediction
  • #302,275
  • Mar 5, 2012 3:57am Mar 5, 2012 3:57am
Quoting _BBKing_
SL amended.
if goes down below actual day low, will certainly dip more. no reasons to risk...
still waiting trailing stop 15pips to be triggered. if no new high in m15 soon, i will close and re-enter another one later. is monday, 5 full days left till end of the week ;-)

trailing stop triggered while posting.
5809 is previous swing low. if penetrates now, coul be a good sign for a higher high
my eyes now in 5819
90% of traders use TA, indicators and prediction
  • #302,276
  • Edited 4:09am Mar 5, 2012 3:58am | Edited 4:09am
G/M

Subdued pip range Friday and last week. Big bearish thrust candle on Friday resulted in last week's weekly candle being a bearish inverted hammer of sorts off that 5991 hi. Some downside follow thru so far this London morning with a bounce off 76.4% 5720-5991 @ 5784.

Immediately @/below here:

5784 76.4% 5720-5991 and Current daily lo
5781 Daily S1 @/around
5778 61.8% 5637-5991
[ 5760-50 Dly/4hr ascending trend line coming thru on this current 4hr candle
[ 5760 85.4% 5720-5991
5757 Weekly S1 @/around
5754 76.4% 5681-5991
5752-47 prev minor 1hr sw hi zone
5732-26-19 prev 4hr/1hr sw lo zone & prev 4hr minor sw hi zone incl 5731 = Daily S2 @/around, 5728 = 76.4$ 5637-5991 and 5726 = 85.4% 5681-5991
5712 Monthly S1 @/around
5702/5697 2 x fibs incl 38.2% 5234-5991
5688-80 prev 1hr sw hi/lo zone incl 5681 = Weekly S2 @/around
5655-47-43 prev Dly/4hr/1hr sw lo zone / prev Dly/4hr sw hi zone
5639 Daily S3 @/around
5628-22 prev 4hr minor sw hi zone (non immed)
5612 50% 5234-5991
5565 Weekly S3 @/around
5554-29 prev 4hr sw lo x 2 zone
5523 61.8% 5234-5991
5504 Monthly S2 @/around

G/L
　
　
　
　
ex member
  • #302,277
  • Mar 5, 2012 4:00am Mar 5, 2012 4:00am
classic bullish divergence plays at the lows on some shorter t/f's up to 1hr.

1min shown below.

1hr just closed as a PB esq candle and tweezer bottom ?

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: 0928 1min rev c seq.jpg Size: 90 KB
ex member
  • #302,278
  • Mar 5, 2012 4:26am Mar 5, 2012 4:26am
Quoting bbmac
classic bullish divergence plays at the lows on some shorter t/f's up to 1hr.

1min shown below.

1hr just closed as a PB esq candle and tweezer bottom ?

G/L
No my friend the market is going to hammering the top only.


let see
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #302,279
  • Mar 5, 2012 4:35am Mar 5, 2012 4:35am
90% of traders use TA, indicators and prediction
  • #302,280
  • Edited 5:17am Mar 5, 2012 4:45am | Edited 5:17am
Back in short @ 1.58147, SL @ break even again.



Closed @ 5807......
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