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Cable Update (GBPUSD)

  • #311,861
  • May 7, 2012 10:21am May 7, 2012 10:21am
this week is just getting started i hope we see a better week then last week http://www.pic4ever.com/images/8.gif
  • #311,862
  • May 7, 2012 10:22am May 7, 2012 10:22am
i know the weekly aint looking good but the quarterly suggest higher..this could in theory go to 1.65 -1.64 or 1.67

signals are quite mixed..but im in hanging in there
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  • #311,863
  • May 7, 2012 10:24am May 7, 2012 10:24am
Quoting cfxx
Now +37 pips
http://im-smiley.com/imgs/laughing/laughing011.gif
  • #311,864
  • May 7, 2012 10:24am May 7, 2012 10:24am
well like i anticipated last week as i see a bull flag forming at h4, the way down is just a correction to move higher...
  • #311,865
  • May 7, 2012 10:28am May 7, 2012 10:28am
Quoting nAVIN2007
i know the weekly aint looking good but the quarterly suggest higher..this could in theory go to 1.65 -1.64 or 1.67

signals are quite mixed..but im in hanging in there
one thing for sure, you have showed traders how not to trade http://im-smiley.com/imgs/laughing/laughing008.gif
  • #311,866
  • May 7, 2012 10:36am May 7, 2012 10:36am
Quoting PoundTrader
one thing for sure, you have showed traders how not to trade http://im-smiley.com/imgs/laughing/laughing008.gif
  • #311,867
  • May 7, 2012 10:42am May 7, 2012 10:42am
Quoting nAVIN2007
btw i can see a uptrend, so far your good
  • #311,868
  • May 7, 2012 10:51am May 7, 2012 10:51am
expecting 1.59 to be tested and then a big upward move
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  • #311,869
  • May 7, 2012 10:58am May 7, 2012 10:58am
Look at the daily and explain me please why should we come back as far as you pointed out?
This is as far as we go imo I am bullish since morning and it may continue for next few days

http://s16.postimage.org/uxeywlvqt/cabel.gif
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And my daily chart

http://s16.postimage.org/pz0n9k6ph/cabel.gif
upload images
swing it!
  • #311,870
  • May 7, 2012 11:10am May 7, 2012 11:10am
Quoting tomspin
Look at the daily and explain me please why should we come back as far as you pointed out?
This is as far as we go imo I am bullish since morning and it may continue for next few days
Good day to you, just a bit confused by your post.

If I get you correctly, you are shorting the pin and the bearish divergence on the 30 min as a short term attemp. Correct? But you are referring to your daily as bulling longer term, due to the rejection of support and the hidden bullish divergence you have on your daily CCI?

Correct?

Regards
  • #311,871
  • May 7, 2012 11:17am May 7, 2012 11:17am
Quoting TauTrader
Good day to you, just a bit confused by your post.

If I get you correctly, you are shorting the pin and the bearish divergence on the 30 min as a short term attemp. Correct? But you are referring to your daily as bulling longer term, due to the rejection of support and the hidden bullish divergence you have on your daily CCI?

Correct?

Regards
Yes mate it is a quick short for me as far as I see it 1,61730 level for me and then I'will be buying that dip (or below nobody's perfect) but I don't believe we will see 1.59 first. Pinbar + Divergence @ new higs is a very strong sell signal in my arsenal, Still can bounce off that 200SMA
Thanks
swing it!
  • #311,872
  • May 7, 2012 11:19am May 7, 2012 11:19am
On a Daily we have a classic rejection of suport 1,61145 more less CCI is just another reason to be bullish for this week
Thanks

Edit If you go to USD/CAD and look @ the daily you will see a very similair rejection of up move I am shorting Looney
swing it!
  • #311,873
  • May 7, 2012 11:19am May 7, 2012 11:19am
Quoting tomspin
Yes mate it is a quick short for me as far as I see it 1,61730 level for me and then I'will be buying that dip (or below nobody's perfect) but I don't believe we will see 1.59 first. Pinbar + Divergence @ new higs is a very strong sell signal in my arsenal, Still can bounce off that 200SMA
Thanks
I'ts clear. I understand your post.

All the best
  • #311,874
  • Edited 11:35am May 7, 2012 11:32am | Edited 11:35am
Quoting tomspin
but I don't believe we will see 1.59 first
There are always 2 possibilities: 1- maybe i am wrong 2-maybe not.
you said: new high is a very strong...but data history says: there are always a come and go back even at the strongest points.
  • #311,875
  • May 7, 2012 11:35am May 7, 2012 11:35am
my t/p 1.6204
  • #311,876
  • May 7, 2012 11:42am May 7, 2012 11:42am
Quoting Argonod
There are always 2 possibilities: 1- maybe i am wrong 2-maybe not.
you said: new high is a very strong...but data history says: there are always a come and go back even at the strongest points.
The bad thing is that we've left the 1H down channel and we are right now inside of Ichi A&B so I thinkWe have both chahces to move further up 62 and break this level or we can go downstairs and retest 6113 (the second one is for tommorow I suppose).
  • #311,877
  • May 7, 2012 11:44am May 7, 2012 11:44am
Quoting Argonod
There are always 2 possibilities: 1- maybe i am wrong 2-maybe not.
you said: new high is a very strong...but data history says: there are always a come and go back even at the strongest points.
Of course mate I'am not trying to be a wiseguy here

This is crucial moment imo I switched to H1 and there is a bit of confusion.
1. We have a potential double top 1,6200 as a main line
2. PA just under 200 SMA
3. Divergence on CCI

Have a look comments and criticism very welcome

http://s14.postimage.org/r8riyme8h/cabel.gif
upload pictures
swing it!
  • #311,878
  • May 7, 2012 11:45am May 7, 2012 11:45am
Quoting tomspin
On a Daily we have a classic rejection of suport 1,61145 more less CCI is just another reason to be bullish for this week
Thanks

Edit If you go to USD/CAD and look @ the daily you will see a very similair rejection of up move I am shorting Looney
Watch with your CAD longs as Oil has taken a tumble and CAD is lagging the 10% drop in Crude.
  • #311,879
  • May 7, 2012 11:46am May 7, 2012 11:46am
Quoting Argonod
There are always 2 possibilities: 1- maybe i am wrong 2-maybe not.
you said: new high is a very strong...but data history says: there are always a come and go back even at the strongest points.
looking at yur chart u have an immediate uptrend anything above 1.6 is buy dips..monthly is bullish..weekly can change perpective but wont be easy..9/10 the top will be tested b4 a fall if a fall is on...the big guns will make u work for yur pips
  • #311,880
  • May 7, 2012 11:55am May 7, 2012 11:55am
Quoting nAVIN2007
..the big guns will make u work for yur pips
no worries.
wish a huge profit for you with your buy orders.
and a little of experiences for myself
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