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Cable Update (GBPUSD)

  • #314,601
  • May 24, 2012 12:03pm May 24, 2012 12:03pm
Now A ,what do you see ?


Quoting A-speculator
perhaps around the 23 fibo area.. at about 5770 area..
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  • #314,602
  • May 24, 2012 12:06pm May 24, 2012 12:06pm
I have read well ,down channel ,lots trader realise that now ,you see in cable

eu



Quoting Bones
oooo that feels good !
forex





negative candle required on close
Attached Image (click to enlarge)
Click to Enlarge Name: gold 24-5 h4 2 wick 4.gif Size: 20 KB
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  • #314,603
  • May 24, 2012 12:15pm May 24, 2012 12:15pm
gbp usd h4 ,back under
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd 24-5 h4 under.gif Size: 21 KB
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  • #314,604
  • May 24, 2012 12:16pm May 24, 2012 12:16pm
low low low risk short ,I couldnt poss add more myself
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  • #314,605
  • May 24, 2012 12:20pm May 24, 2012 12:20pm
Quoting Bones
Now A ,what do you see ?
i'm not yet convinced on the continuation of the bearishness.. what bothering me is the consolidation patterns in most of my charts suggest "not so bearish view"..

i stay sideline for the time being..
  • #314,606
  • May 24, 2012 12:22pm May 24, 2012 12:22pm
ok ,ill show you gold d1
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  • #314,607
  • May 24, 2012 12:24pm May 24, 2012 12:24pm
gold small is beautiful
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Click to Enlarge Name: gold 24-5 real pin.gif Size: 15 KB
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  • #314,608
  • May 24, 2012 12:30pm May 24, 2012 12:30pm
Quoting Bones
gold small is beautiful
the hammer an doji after the black bear candle can mean something mate.. since for me the movement atm is not as clear, i prefer to stay sideline for a while..

i do agree that we are still in a downtrend, no doubt about it, but i don't want to be in the middle of a retracement.. that is all.. lol.
  • #314,609
  • May 24, 2012 12:35pm May 24, 2012 12:35pm
Quoting A-speculator
the hammer an doji after the black bear candle can mean something mate.. since for me the movement atm is not as clear, i prefer to stay sideline for a while..

i do agree that we are still in a downtrend, no doubt about it, but i don't want to be in the middle of a retracement.. that is all.. lol.
judging from 1h candle formation, we have a breakout of the 5677 level, i'm putting small PO at 5677..
  • #314,610
  • May 24, 2012 12:43pm May 24, 2012 12:43pm
I'm short from 1.56760, 1.5637 is the next resistance on H1. Might take profit around that area, or just trail stop. Any chance it might go lower?
  • #314,611
  • May 24, 2012 12:43pm May 24, 2012 12:43pm
yes it does it means sell ,even tho i tell you before it happens ,you still doubt ,when the low of that hammer goes you will listen


Quoting A-speculator
the hammer an doji after the black bear candle can mean something mate.. since for me the movement atm is not as clear, i prefer to stay sideline for a while..

i do agree that we are still in a downtrend, no doubt about it, but i don't want to be in the middle of a retracement.. that is all.. lol.
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  • #314,612
  • May 24, 2012 12:44pm May 24, 2012 12:44pm
im looking 100% retrace of up move (w1) 20-30 k


Quoting sudosandwich
I'm short from 1.56760, 1.5637 is the next resistance on H1. Might take profit around that area, or just trail stop. Any chance it might go lower?
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  • #314,613
  • May 24, 2012 12:49pm May 24, 2012 12:49pm
show me buyers !

show me retrace up?

no not this month

It is retracing tho ,below cable 50% now
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Click to Enlarge Name: gbp usd w1.gif Size: 24 KB
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  • #314,614
  • May 24, 2012 12:51pm May 24, 2012 12:51pm
Quoting Bones
yes it does it means sell ,even tho i tell you before it happens ,you still doubt ,when the low of that hammer goes you will listen
i don't trade gold mate.. sorry bro, when i have doubt, i prefer to have no position and from time to time watching the progress of the price and plan for a low risk entry.

i can't afford to trade like you bro.. perhaps it's just my personality and i think just different trading styles..
  • #314,615
  • May 24, 2012 12:53pm May 24, 2012 12:53pm
One must listen to Bones. He doesn't joke around.

  • #314,616
  • May 24, 2012 12:58pm May 24, 2012 12:58pm
So I think I have good set up ,I feel very stongly usd is going up ,above swing highs then ultra bullish

all I do is draw lines in line with that ,I feel comfortable with sells going under wish I cashed them but too late ,to start messing



Quoting Bones
ok gold is this imo
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  • #314,617
  • May 24, 2012 1:00pm May 24, 2012 1:00pm
,


Quoting Paulenok
One must listen to Bones. He doesn't joke around.

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  • #314,618
  • May 24, 2012 1:01pm May 24, 2012 1:01pm
Honestly I think you miss point ,anyway



Quoting A-speculator
i don't trade gold mate.. sorry bro, when i have doubt, i prefer to have no position and from time to time watching the progress of the price and plan for a low risk entry.

i can't afford to trade like you bro.. perhaps it's just my personality and i think just different trading styles..
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  • #314,619
  • May 24, 2012 1:10pm May 24, 2012 1:10pm
Short GU @ 1.5670, may I know your TP??
  • #314,620
  • May 24, 2012 1:15pm May 24, 2012 1:15pm
Quoting Bones
So I think I have good set up ,I feel very stongly usd is going up ,above swing highs then ultra bullish

all I do is draw lines in line with that ,I feel comfortable with sells going under wish I cashed them but too late ,to start messing
yups, last 4h candle changed everything.. USD seems like going up, as always, you got it right.. good job mate, always..
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