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Cable Update (GBPUSD)

  • #305,041
  • Mar 27, 2012 5:11pm Mar 27, 2012 5:11pm
trap for bulls
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  • #305,042
  • Mar 27, 2012 5:16pm Mar 27, 2012 5:16pm
Quoting bbmac
Daily candle closes as a bearish bodied inverted hammer at 5946 after the pullback off the Daily Hi at 6000..this bearish daily candle closing despite the day before's daily candle upside breech and close above the Daily and Weekly descending trend lines. Not a fractal swing yet on the Daily at 6000 but when such occurs - if it does so at there or above it will be a HH that followed 2 HL's on that t/f, or are we in for more downside ?

Time will tell.

G/L
yes not a good daily candle!
and also in hourly timeframes not good things to pick a position.
when this happens... usually means at least a correction down.
let's see then what will happen! 24hours left
90% of traders use TA, indicators and prediction
  • #305,043
  • Mar 27, 2012 5:18pm Mar 27, 2012 5:18pm
Quoting torkay77
trap for bulls
i don't know a lot about traps.... what i surely know is that this kind of scenario is usually advertised like it breakes down. while everytime i saw it in the past it broke up.

anyway must be cautiuos in both directions for a while! this is for sure!!
90% of traders use TA, indicators and prediction
  • #305,044
  • Mar 27, 2012 5:23pm Mar 27, 2012 5:23pm
Quoting _BBKing_
i don't know a lot about traps.... what i surely know is that this kind of scenario is usually advertised like it breakes down. while everytime i saw it in the past it broke up.

anyway must be cautiuos in both directions for a while! this is for sure!!
Yes, actually thinking the same thing. Watching 30min 100sma to validate my 4hr box from yesterday just out of interest
Come with me if you want to live....
  • #305,045
  • Mar 27, 2012 5:34pm Mar 27, 2012 5:34pm
Quoting Ill-b-back
Yes, actually thinking the same thing. Watching 30min 100sma to validate my 4hr box from yesterday just out of interest
i'm looking at AU 0450.
loosing this level could open the way for more down. and maybe the other 2 will follow.
actually i prefer look charts and see what price will tell during next hours.
can be a very dangerous day today.
let's see!
90% of traders use TA, indicators and prediction
  • #305,046
  • Mar 27, 2012 5:39pm Mar 27, 2012 5:39pm
to break to the upside dollar index has to weaken more and stocks have to rally further ...i think it is more likely that S&P 500 will start correcting back to 1.38xx area.. if not this week then next week ...but these days anything can happen
  • #305,047
  • Mar 27, 2012 6:27pm Mar 27, 2012 6:27pm
I absolutely agree with BB King said about the definition of slaughter few days ago...don't believe too much to what GU chart advertised, or you will be slaughtered just like usual, it seems like cable won't happy if too many trader get their profit... , it was moved to other side of what most trader perception... few days ago some body here believe that cable would had bearish pattern to 154XX or 153XX, but you see the cable position now... I closed my sell position from last highest peak for just 25 pips and now wait with a cup of coffee...i prefer to find flat condition put BB and play swing....... Important signal: Aussie was touched 1440 few minutes ago and now retry to through that resistance. we have possiblity to see double bottom or it will be bearish to next resistance level.
  • #305,048
  • Mar 27, 2012 6:28pm Mar 27, 2012 6:28pm
Quoting torkay77
to break to the upside dollar index has to weaken more and stocks have to rally further ...i think it is more likely that S&P 500 will start correcting back to 1.38xx area.. if not this week then next week ...but these days anything can happen
yes it s last week of month....
let's see.
GU price can also stay flat 2 days then friday shoot up or down where some one want to see the monthly candle closing price.
90% of traders use TA, indicators and prediction
  • #305,049
  • Mar 27, 2012 6:31pm Mar 27, 2012 6:31pm
Quoting Red Alert
I absolutely agree with BB King said about the definition of slaughter few days ago...don't believe too much to what GU chart advertised, or you will be slaughtered just like usual, it seems like cable won't happy if too many trader get their profit... , it was moved to other side of what most trader perception... few days ago some body here believe that cable would had bearish pattern to 154XX or 153XX, but you see the cable position now... I closed my sell position at 1600 from last higest peak for just 25 pips and now wait with a cup of coffee...i...
yes noticed AU broke 0450 for the moment.
could be a sign of weakness also in GU EU but for the moment GU EU going bit up and also gold. there is something strange. i have eyes in AU since can happen a V turn up every where here. or tank down more. lets see.
90% of traders use TA, indicators and prediction
  • #305,050
  • Mar 27, 2012 10:47pm Mar 27, 2012 10:47pm
OMG
my first time knowing I'm the only member left viewing this thread at this moment..

where are the regulars?

This is what happened when to many BS call here as well as first/new-comer..

I trade to live
  • #305,051
  • Mar 27, 2012 11:31pm Mar 27, 2012 11:31pm
Quoting _BBKing_
i'm looking at AU 0450.
loosing this level could open the way for more down. and maybe the other 2 will follow.
actually i prefer look charts and see what price will tell during next hours.
can be a very dangerous day today.
let's see!
i think that level will be retested from below..
  • #305,052
  • Mar 27, 2012 11:34pm Mar 27, 2012 11:34pm
Quoting UbuFamily
OMG
my first time knowing I'm the only member left viewing this thread at this moment..

where are the regulars?

This is what happened when to many BS call here as well as first/new-comer..

Hai Ubu, i am here, better for me to wait untill london season to decide a position.... waiting for the train, don't want to miss it again.... i am sure everybody waiting and observing to do something later.....
  • #305,053
  • Mar 27, 2012 11:34pm Mar 27, 2012 11:34pm
Quoting UbuFamily
OMG
my first time knowing I'm the only member left viewing this thread at this moment..

where are the regulars?

This is what happened when to many BS call here as well as first/new-comer..

perhaps they are trading other pairs, so i think that is why most of them are not here.. or maybe they are doing their own research on the market..

less post doesn't mean this thread is not good, i like this thread because of the low level of activity.. easier to keep up.
  • #305,054
  • Mar 27, 2012 11:48pm Mar 27, 2012 11:48pm
Quoting PoundTrader
it's about to be a Murda
I see it bro, looks like a death by a thousand cuts at the moment. Man, glad I'm hedged, at least this way still feel like I am participating
Come with me if you want to live....
  • #305,055
  • Mar 28, 2012 12:52am Mar 28, 2012 12:52am
Quoting A-speculator
perhaps they are trading other pairs, so i think that is why most of them are not here.. or maybe they are doing their own research on the market..

less post doesn't mean this thread is not good, i like this thread because of the low level of activity.. easier to keep up.
Yup.. Nicely said my friend.. The thread and the people on it has nothing to do with it. I am new here and I came to like this thread cuz of the ppl who are its regulars..

Cheers to all...
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #305,056
  • Mar 28, 2012 1:03am Mar 28, 2012 1:03am
Personally, I feel the bulls still have overall right of passage.
The Bearish divergence has played out and it seems to be gearing up for another overall leg up from what I can see after a possible/probable Frankie/London retrace. Or may not retrace at all
Just my thoughts since I am hedged.
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Come with me if you want to live....
  • #305,057
  • Mar 28, 2012 1:06am Mar 28, 2012 1:06am
Quoting Ill-b-back
I see it bro, looks like a death by a thousand cuts at the moment. Man, glad I'm hedged, at least this way still feel like I am participating
  • #305,058
  • Mar 28, 2012 1:46am Mar 28, 2012 1:46am
Quoting Fx.Fishermen
Sold GBPUSD at 1.5960
Stop 1.6040
Target 1: 1.5900
2ND target 1.5850

If First Target Hits Movinf Stop to break +5 and will close half position.

Same for EURUSD already in 15 pips profit.
Thank you.
hoping ot het 2st target with in 2 hours then will move to +5 and will see if it hit my 2nd target or not.
  • #305,059
  • Mar 28, 2012 2:28am Mar 28, 2012 2:28am
G/M

23.6% 5691-6000 the current pullback lo off yesterday's 6000 Hi. Subdued pip range yesterday and an inverted daily hammer candle resulted (bearish body)

1hr a little mixed now re opa, 4hr/daily remain in opa uptrends.

@/below the current daily lo:

5928-21 (-13) prev 1hr sw lo (/hi - non immed) zone incl 5927-24 2 x fibs and 5924 = Daily S1 @/around
5913-06 4 x fibs incl 5911 = 38.2% 5769-6000, and 5906 = 23.6% 5601-6000
5903 Daily S2 @/around
5900 50% 5800-6000
5895-78 prev 4hr/1hr sw hi zone incl 5884-83 2 x fibs inc 50% 5769-6000
5876 61.8% 5800-6000
5867-64 prev 1hr sw hi zone incl 5865 = Daily S3 @/around
[ 5860-46 6 x fibs incl 5857=61.8% 5769-6000, 5848 = 38.2% 5601-60000, 5847 =76.4% 5800-6000
[ 5845-50 ascending 4hr t/line coming thru on this present 1hr candle
5829 85.4% 5800-6000
5825-23 Weekly & Monthly Pivots @/around incl = 5823 76.4% 5769-6000
5817 50% 5634-60000
5810-5800- (5797) prev 4hr/1hr sw lo zone inc 5809 2 x fibs, and 5802-01 2 x fibs incl 50% 5601-60000
5789-81 prev 1hr sw lo zone incl 5783 = Weekly S1@/around
5780-69 prev minor Dly/4hr/1hr sw lo zone incl 5774 61.8% 5634-60000
5764-65 2 x fibs
5754 61.8% 5601-60000

G/L
ex member
  • #305,060
  • Mar 28, 2012 2:44am Mar 28, 2012 2:44am
Lovely bounce off support at 1.5922. Tradeable, but what about news in 40 minutes? There's always something to make things more interesting.
Gone to a better place
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