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Cable Update (GBPUSD)

  • #315,321
  • May 31, 2012 5:39am May 31, 2012 5:39am
im am short at 1.5515, s/l 1.5587, t/p 1.5427
  • #315,322
  • May 31, 2012 7:39am May 31, 2012 7:39am
Quoting PoundTrader
im am short at 1.5515, s/l 1.5587, t/p 1.5427
go down
  • #315,323
  • May 31, 2012 7:39am May 31, 2012 7:39am
Everyone watching everything right now I guess....
Come with me if you want to live....
  • #315,324
  • May 31, 2012 7:42am May 31, 2012 7:42am
Quoting PoundTrader
go down
  • #315,325
  • May 31, 2012 7:52am May 31, 2012 7:52am
in about 4 seconds the teacher is about to teach
  • #315,326
  • May 31, 2012 8:36am May 31, 2012 8:36am
with a 1hr TF wind up like this, 5365 could be on the cards but she needs to move soon
Come with me if you want to live....
  • #315,327
  • May 31, 2012 8:57am May 31, 2012 8:57am
Quoting PoundTrader
im am short at 1.5515, s/l 1.5587, t/p 1.5427
i just closed 50% of this trade at 1.5446.
  • #315,328
  • May 31, 2012 8:58am May 31, 2012 8:58am
Quoting PoundTrader
i just closed 50% of this trade at 1.5446.
i just closed the other 50%, im done for the week, good luck to all
  • #315,329
  • May 31, 2012 12:52pm May 31, 2012 12:52pm
http://pokeromil.vacau.com/image2.png

Should have drawn that damn line a bit lower - still at least I wasn't long

Congrats on your trade PoundTrader.
  • #315,330
  • May 31, 2012 3:14pm May 31, 2012 3:14pm
Quoting Ill-b-back
with a 1hr TF wind up like this, 5365 could be on the cards but she needs to move soon
Make that 5360.
Damn it was quiet in here today....
Come with me if you want to live....
  • #315,331
  • May 31, 2012 3:33pm May 31, 2012 3:33pm
sellers ,they have created pullback


Quoting bbmac
Some fading of yesterday's bearish thrust daily candles going on in this pairing and eurusd. Last LH on 1hr is @ 5613, DP is @/around 5531...this t/f remains in a general opa downtrend.

G/L
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #315,332
  • Edited 4:47pm May 31, 2012 4:13pm | Edited 4:47pm
Monthly Candle closes as a master bearish engulfing thrust x 7 - ie bearishly engulfs the previous 7 x candles on the same t/f. A new fractal LH (2nd in succession) after the L is created now as a result of this candle close. Although more bearish now than bulliish this t/f probably still remains rangy.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: Mthly.jpg Size: 86 KB
ex member
  • #315,333
  • May 31, 2012 4:35pm May 31, 2012 4:35pm
no

Quoting bbmac
Monthly Candle closes as a master bearish engulfing thrust x 4 - ie bearishly engulfs the previous 4 x bullish candles on the same t/f. A new fractal LH (2nd in succession) after the L is created now as a result of this candle close. Although more bearish now than bulliish this t/f probably still remains rangy.

G/L
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #315,334
  • May 31, 2012 4:37pm May 31, 2012 4:37pm
show me buyers in that candle look at other sim
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #315,335
  • May 31, 2012 4:42pm May 31, 2012 4:42pm
Bearish candle again just closed on Daily after a downside breech of the weekly ascending trend line, the low (5359) being at yesterday's Daily S2/Weekly S3 in the previous minor daily swing hi zone (previous resistance.) Equi-length wick on both ends of the Daily candle just closed and a bearish body. Monthly ascending trend line just under the 5359 low and the 5234 monthly/weekly/daily swing low moves into view.

Daily, 4hr and 1hr remain in opa downtrends.

Looking to the downside:

[ 5372-59 prev 1hr sw lo zone
[ 5366-37 prev minor dly sw hi zone incl 5361 Weekly S3 @/around
5345-35 Monthly ascending t/line coming thru on present daily candle
5333 = Daily S1 @/around
5275-34 prev Mthly/Weekly/Daily swing lo zone incl 5263 = Daily S2 @/around

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: Daily.jpg Size: 182 KB
ex member
  • #315,336
  • May 31, 2012 4:50pm May 31, 2012 4:50pm
orange pivot zone ?? where from


Quoting bbmac
Bearish candle again just closed on Daily after a downside breech of the weekly ascending trend line, the low (5359) being at yesterday's Daily S2/Weekly S3 in the previous minor daily swing hi zone (previous resistance.) Equi-length wick on both ends of the Daily candle just closed and a bearish body. Monthly ascending trend line just under the 5359 low and the 5234 monthly/weekly/daily swing low moves into view.

Daily, 4hr and 1hr remain in opa downtrends.

Looking to the downside:

[ 5372-59 prev 1hr sw lo zone
[ 5366-37 prev minor dly sw...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #315,337
  • May 31, 2012 4:56pm May 31, 2012 4:56pm
gbp usd monthly

rectangle consolidation ,tl loss ,no lower wick

KISS
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd monthly 31-05.gif Size: 13 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #315,338
  • May 31, 2012 6:41pm May 31, 2012 6:41pm
retracement to 5800 after a possible 5300 touch. Thoughts anyone?
  • #315,339
  • Edited 8:42pm May 31, 2012 7:16pm | Edited 8:42pm
Quoting longshort247
retracement to 5800 after a possible 5300 touch. Thoughts anyone?
Hi, I have been reading this and the Euro threads and I would like to share my view: Although I see no place to go for a short (I am more comfortable with retracement trades) I certainly would like to see a pullback to the 1.5600 or 1.5800 levels and that may happen after price reaching the 1.5300 (so I agree), just to later have price reaction formation like pinbars and/or breakout candles against a resistance point and divergence (yes a little picky I know).

I think we will have to wait a little for that to happen in this pair, I only trade what I see in the present moment but I don't trade bottoms, the trend is down for me now, what do you think?

http://i1064.photobucket.com/albums/...1-01gbpusd.gif
  • #315,340
  • May 31, 2012 10:46pm May 31, 2012 10:46pm
Morning , playing ok gu but carefull at cretical levels entered already .same views on the charts. weekly bear still strong , so breaks first to at enough failure levels to bounce again .
http://www.forexfactory.com/showthre...79#post5710779
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 17 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
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