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Cable Update (GBPUSD)

  • #314,701
  • May 25, 2012 5:54am May 25, 2012 5:54am
Quoting _BBKing_
will wait this h1 to close and see.
still strong pressure down

i like the fact that the trendline is tested and made now.means further touches will result in break..price is moving toward it all the time..

which i think for me is slightly positive
bullish harami..on previous 4 hr is adding pressure
  • #314,702
  • May 25, 2012 5:57am May 25, 2012 5:57am
2.000 here we come
  • #314,703
  • May 25, 2012 5:57am May 25, 2012 5:57am
i think price is bouncing between 5680 and 5650, whichever broke first will set the next movement..

http://i49.tinypic.com/5b1mcx.jpg
  • #314,704
  • May 25, 2012 6:04am May 25, 2012 6:04am
Quoting PoundTrader
2.000 here we come
3.000!!
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  • #314,705
  • May 25, 2012 6:05am May 25, 2012 6:05am
Quoting nAVIN2007
i like the fact that the trendline is tested and made now.means further touches will result in break..price is moving toward it all the time..

which i think for me is slightly positive
bullish harami..on previous 4 hr is adding pressure
yes at least candle now closed out of 1st downward line.
still a weak sign but i hold my position since still small (sl is 0.5% lol)
90% of traders use TA, indicators and prediction
  • #314,706
  • May 25, 2012 6:06am May 25, 2012 6:06am
Quoting Bones
meet you guys at bottom
Are You sure??
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  • #314,707
  • May 25, 2012 6:09am May 25, 2012 6:09am
Quoting _BBKing_
yes at least candle now closed out of 1st downward line.
still a weak sign but i hold my position since still small (sl is 0.5% lol)
this is no small area infact
confluence u simply cannot ignore

tony becareful bro
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  • #314,708
  • May 25, 2012 6:15am May 25, 2012 6:15am
Quoting nAVIN2007
this is no small area infact
confluence u simply cannot ignore

tony becareful bro

I don't trust any move - when you have profit...take it.
  • #314,709
  • May 25, 2012 6:20am May 25, 2012 6:20am
Quoting Faller

3 things there:-
1)61/.8 retrace..
2)trendline test

3) support

4hr trendline i reckon has gone..is it enough?

bloody hope so..have a good one people..am off to work
  • #314,710
  • May 25, 2012 6:28am May 25, 2012 6:28am
Can someone of the ff experts explain this very nasty bullish volatile action of the GBPUSD???????????
What is driving the Sterling?????
Maybe facebook??????
  • #314,711
  • May 25, 2012 6:38am May 25, 2012 6:38am
Quoting at2au
Can someone of the ff experts explain this very nasty bullish volatile action of the GBPUSD???????????
What is driving the Sterling?????
Maybe facebook??????
i overloaded market with 1trillion USD in long GBP.
but shhhh don't tell anybody

jokes a part i really don't know, maybe something like "if no down... up!"
then when will be "if no up...down!" market will get lower
90% of traders use TA, indicators and prediction
  • #314,712
  • May 25, 2012 6:40am May 25, 2012 6:40am
Quoting nAVIN2007
this is no small area infact
confluence u simply cannot ignore

tony becareful bro
yes not certaily a small area!
last time here, price found demand to go for 1.60.
now things are different but at least a relax in downtrend is highly possible.

strong rejection now again @5700 (20pips straight)

let's see
90% of traders use TA, indicators and prediction
  • #314,713
  • May 25, 2012 6:43am May 25, 2012 6:43am
Position Closed -

Posting chart showing entry and exit - 30 pip move.

Have a great weekend everyone.....enjoy the extra day off from the screens on Monday!

Cheers,

Faller.
Attached Image (click to enlarge)
Click to Enlarge Name: Cable Friday May 25. 2012.jpg Size: 139 KB
I don't trust any move - when you have profit...take it.
  • #314,714
  • May 25, 2012 6:49am May 25, 2012 6:49am
im sorry slightly out


Quoting Bones
meet you guys at bottom
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,715
  • May 25, 2012 6:49am May 25, 2012 6:49am
Quoting _BBKing_
i overloaded market with 1trillion USD in long GBP.
but shhhh don't tell anybody

jokes a part i really don't know, maybe something like "if no down... up!"
then when will be "if no up...down!" market will get lower
Ay Bambino.........I knew that it has to do with Italy.You should become PM instead of Monti lol
Nice to see you again amigo
  • #314,716
  • May 25, 2012 6:54am May 25, 2012 6:54am
Quoting at2au
Ay Bambino.........I knew that it has to do with Italy.You should become PM instead of Monti lol
Nice to see you again amigo
everybody would be better than 'Monti' or any other italian's politican.
will think about it... next elections will be in 1 year or so
90% of traders use TA, indicators and prediction
  • #314,717
  • May 25, 2012 6:55am May 25, 2012 6:55am
ok i move stop @be and wait.
90% of traders use TA, indicators and prediction
  • #314,718
  • May 25, 2012 6:57am May 25, 2012 6:57am
Quoting Faller
Position Closed -

Posting chart showing entry and exit - 30 pip move.

Have a great weekend everyone.....enjoy the extra day off from the screens on Monday!

Cheers,

Faller.
well done!
i'm still holding since small one. if was heavy i would have certainly closed most part near 5690.

have a good week end
90% of traders use TA, indicators and prediction
  • #314,719
  • May 25, 2012 6:58am May 25, 2012 6:58am
Long pin bar(downward direction) formed in 1-hour chart..take a look guys...

Bearish....just keep your eyes open for next 4-hours there might be a big move.
I am a hunter...i kill both bulls and bears...
  • #314,720
  • May 25, 2012 7:04am May 25, 2012 7:04am
Tell me its real bones pleeeaaassseee...
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