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Cable Update (GBPUSD)

  • #338,621
  • Apr 9, 2013 3:57am Apr 9, 2013 3:57am
Quoting blobsaudio
Wedge forming on the lower time frames 1min and 5min., very soon this should break.
Could you clerify bit more in detail ?
  • #338,622
  • Apr 9, 2013 4:00am Apr 9, 2013 4:00am
Quoting Cornelis
Could you clerify bit more in detail ?
Decreasing highs and lows that are staying roughly the same.

Attached Image
  • #338,623
  • Apr 9, 2013 6:07am Apr 9, 2013 6:07am
we are going up in slow motion ...

I moved some of my TP to 1.5440 but if it don't break 1.5360 I will close all before
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  • #338,624
  • Apr 9, 2013 6:19am Apr 9, 2013 6:19am
I am also looking for the break of 1.530 if it does than I will look for the 1.585 but I kind of doubt it based on the monthly chart. Anyway, trade what you see not what you think. Good luck to everyone on this trade.
  • #338,625
  • Apr 9, 2013 6:55am Apr 9, 2013 6:55am
GBPUSD:
BUY
If the price breaks through the level 1.53610 bullish movement will start. Targets of the bullish movement: 1.54286, 1.54955.
SELL
If the price breaks through the level 1.52427 bearish movement will . Targets of the bearish movement: 1.51848.
  • #338,626
  • Apr 9, 2013 6:58am Apr 9, 2013 6:58am
i can smell the bears are coming...
  • #338,627
  • Apr 9, 2013 7:13am Apr 9, 2013 7:13am
Quoting A-speculator
i can smell the bears are coming...
I smell a range between R1 and just below 1.53
  • #338,628
  • Apr 9, 2013 7:18am Apr 9, 2013 7:18am
Is smelling a technical or a fundamental analysis tool ? ))
  • #338,629
  • Apr 9, 2013 7:26am Apr 9, 2013 7:26am
Quoting rehab
Is smelling a technical or a fundamental analysis tool ? ))
it's a side effect from studying technical all day long... lol.
  • #338,630
  • Apr 9, 2013 7:28am Apr 9, 2013 7:28am
)))))))))
  • #338,631
  • Apr 9, 2013 7:29am Apr 9, 2013 7:29am
Bears to about 1.528 then continuation of the uptrend? That level marks both the low of the 1 hour candlestick on the 5th, the 50% fib level of the previous upward movement, and slightly above previous resistance.
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"If you won't risk the usual, you'll have to settle for the ordinary."
  • #338,632
  • Apr 9, 2013 7:35am Apr 9, 2013 7:35am
Quoting livethedream
Bears to about 1.528 then continuation of the uptrend? That level marks both the low of the 1 hour candlestick on the 5th, the 50% fib level of the previous upward movement, and slightly above previous resistance. {image}
i think it will be more than 5280.. to be continued tomorrow..
  • #338,633
  • Apr 9, 2013 7:52am Apr 9, 2013 7:52am
pointing to 1.54775 ?
Attached Image
  • #338,634
  • Apr 9, 2013 9:22am Apr 9, 2013 9:22am
Triggered a test short at 5322
  • #338,635
  • Apr 9, 2013 10:05am Apr 9, 2013 10:05am
Quoting A-speculator
Triggered a test short at 5322
like....
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #338,636
  • Apr 9, 2013 10:06am Apr 9, 2013 10:06am
4 hrs TF stochastic is leaving the oversold zone, if the candle closes above the downtrend line, I'll look for buying opportunities.

Fx 35

" If you want to succeed as much as you want to breath, you'll be successful.
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  • #338,637
  • Apr 9, 2013 10:15am Apr 9, 2013 10:15am
Quoting A-speculator
Triggered a test short at 5322
Currently short looking for either the previous 15 min. low or about the 1.5305 level.
"If you won't risk the usual, you'll have to settle for the ordinary."
  • #338,638
  • Apr 9, 2013 10:24am Apr 9, 2013 10:24am
Quoting baherhosni
like....
Short is not confirmed yet mate.. that's just a test position.. my cutoff at 5345..
  • #338,639
  • Apr 9, 2013 10:50am Apr 9, 2013 10:50am
Overview:

Major gap worked as downside resistance... broken... now showing healthy support. Thin to the north.
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  • #338,640
  • Apr 9, 2013 11:46am Apr 9, 2013 11:46am
Quoting Tradedly
Overview: Major gap worked as downside resistance... broken... now showing healthy support. Thin to the north. {image}
well, 5340 is an interesting price, it that price doesn't break, we will go very down.. imho.

5340 also is the 50% fibo from the start of the second movement of the downtrend from about 5840 to the low..

it is also the support turned resistance in the higher TF. imho.
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