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Cable Update (GBPUSD)

  • #314,601
  • May 24, 2012 10:03am May 24, 2012 10:03am
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 10:06am May 24, 2012 10:06am
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)
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  • #314,603
  • May 24, 2012 10:15am May 24, 2012 10:15am
gbp usd h4 ,back under
Attached Image (click to enlarge)
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  • #314,604
  • May 24, 2012 10:16am May 24, 2012 10:16am
low low low risk short ,I couldnt poss add more myself
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  • #314,605
  • May 24, 2012 10:20am May 24, 2012 10:20am
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 10:22am May 24, 2012 10:22am
ok ,ill show you gold d1
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  • #314,607
  • May 24, 2012 10:24am May 24, 2012 10:24am
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 10:30am May 24, 2012 10:30am
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 10:35am May 24, 2012 10:35am
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 10:43am May 24, 2012 10:43am
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 10:43am May 24, 2012 10:43am
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 10:44am May 24, 2012 10:44am
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 10:49am May 24, 2012 10:49am
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 10:51am May 24, 2012 10:51am
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 10:53am May 24, 2012 10:53am
One must listen to Bones. He doesn't joke around.

  • #314,616
  • May 24, 2012 10:58am May 24, 2012 10:58am
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 11:00am May 24, 2012 11:00am
,


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

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  • #314,618
  • May 24, 2012 11:01am May 24, 2012 11:01am
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 11:10am May 24, 2012 11:10am
Short GU @ 1.5670, may I know your TP??
  • #314,620
  • May 24, 2012 11:15am May 24, 2012 11:15am
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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