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Cable Update (GBPUSD)

  • #342,081
  • Jun 3, 2013 8:10am Jun 3, 2013 8:10am
Quoting -sonny-
{quote} I hope for you that you don't put your stop at 1.5380 like Morgan Stanley
Actually I am changing my mind I will see it can go up to 5330!!!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #342,082
  • Jun 3, 2013 8:11am Jun 3, 2013 8:11am
Quoting baherhosni
{quote} Actually I am changing my mind I will see it can go up to 5330!!!
I think I will do nothing now.. and wait..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #342,083
  • Jun 3, 2013 8:18am Jun 3, 2013 8:18am
Quoting -sonny-
{quote} I hope for you that you don't put your stop at 1.5380 like Morgan Stanley
Hey sonny

Actually and to be honest.. I put a short at 350 SL 377!!!! hhehehe

Lets just see this one does..

Cheers
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #342,084
  • Jun 3, 2013 8:26am Jun 3, 2013 8:26am
Quoting baherhosni
{quote} Hey sonny Actually and to be honest.. I put a short at 350 SL 377!!!! hhehehe Lets just see this one does.. Cheers
In my opinion it's better to wait 1.5380 - 1.5400 but for a little scalp why not , good luck
  • #342,085
  • Jun 3, 2013 8:34am Jun 3, 2013 8:34am
Quoting -sonny-
{quote} In my opinion it's better to wait 1.5380 - 1.5400 but for a little scalp why not , good luck

Ok then.. I can add at 390-395


EDIT: But then my SL will be 437.. If hit then I'll have wait and see.. but for now my 350 looks fine...
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #342,086
  • Jun 3, 2013 9:06am Jun 3, 2013 9:06am
Quoting forex guru
As we can see a very interesting situation in the GBP / USD is currently breaking 1.5211 level which is featuring quite important to have the bottom of the W pattern would be a good entry at 1.5215 with a target 1.5273 and 1.5312 if the irritating level 1.5273 then the 1.5312 {image}

yeaaaaaaa wery nice profit
  • #342,087
  • Jun 3, 2013 9:09am Jun 3, 2013 9:09am
  •  Tt74
  • | Joined Sep 2012 | Status: PUBLIC ARE STUPID IN ALL TF | 28 Posts
Attached Image (click to enlarge)
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  • #342,088
  • Jun 3, 2013 9:16am Jun 3, 2013 9:16am
closed all my trades with profit , equity back to 100% , I think I'm going to take a week of vacation , good pips everybody
  • #342,089
  • Jun 3, 2013 1:16pm Jun 3, 2013 1:16pm
Quoting -sonny-
closed all my trades with profit , equity back to 100% , I think I'm going to take a week of vacation , good pips everybody
great going.. happy vacation..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #342,090
  • Jun 3, 2013 2:29pm Jun 3, 2013 2:29pm
61.8% of the recent total 5606-5006 fall is where the daily hi is and this in 1st 1/2 of a previous 4hr swing hi zone.....to the upside more fibs of that move and the move down from 5590 as well as 2 more previous 4hr swing hi zones followed by the previous 4hr/daily/weekly swing hi zones approaching 5606. Weekly R3 is @/around 5520 with monthly R1 @/around 5533.

General opa uptrend is present on 1hr and 4hr t/f's...Daily has now made a H and close above the last 2 x LH's of it's 5606-5006 downtrend so that looking in serious doubt now ?

G/L
Attached Image (click to enlarge)
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ex member
  • #342,091
  • Jun 3, 2013 2:32pm Jun 3, 2013 2:32pm
Quoting bbmac
61.8% of the recent total 5606-5006 fall is where the daily hi is and this in 1st 1/2 of a previous 4hr swing hi zone.....to the upside more fibs of that move and the move down from 5590 as well as 2 more previous 4hr swing hi zones followed by the previous 4hr/daily/weekly swing hi zones approaching 5606. Weekly R3 is @/around 5520 with monthly R1 @/around 5533. General opa uptrend is present on 1hr and 4hr t/f's...Daily has now made a H and close above the last 2 x LH's of it's 5606-5006 downtrend so that looking in serious doubt now ? G/L {image}...
Thanks BB for your objective analysis, helps us think
Come with me if you want to live....
  • #342,092
  • Jun 3, 2013 2:33pm Jun 3, 2013 2:33pm
Update
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbpusddaily.png Size: 32 KB
Come with me if you want to live....
  • #342,093
  • Jun 3, 2013 2:59pm Jun 3, 2013 2:59pm
here here little cubby bear.. cable is served.. come and get it..



hehe
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #342,094
  • Jun 3, 2013 3:52pm Jun 3, 2013 3:52pm
Quoting Mr.C
{quote} TP1 reached a minute ago. TP2 - 1,5145.
Congratulation! I failed to see last week's R1 (1.524) and Pivot (1.5138), where Cable bounced up and down nicely. But still I myself prefer to wait till the wave completed before jump in opposite direction. Once again good for you.
Make it simple, but not simpler - Einstein
  • #342,095
  • Jun 3, 2013 4:01pm Jun 3, 2013 4:01pm
Last week I thought 1.538-1.542 would be a nice level to short. Now that we have seen Cable trying to test 1.538 on Monday, I am a little bit confused, as the uptrend seems so strong and could test 1.549-1.553 (weekly R3) first before making a pullback, where 1.529/1.538 will offer supports.

I think it is likely, that the rally will take a break and go sideways between 1.540 (daily R1) and 1.529 (daily pivot), and continue to weekly R3 later. Another option is to direct pullback to EMA(100) on H8 (1.5250) which coincides with the uptrend channel which the price has gone back in (it is the same channel, which brought the price up to 1.56 from 1.48 few months ago).

I will wait to see how the price goes during the asian session, to make up my mind. In any case I will keep my long positions open, at least until 1.576.

PS. I am using Marketscope of FXCM for charting and I see irregularities there, where their monthly pivot is 1.5146 and ranging between 1.4824 (S3) and 1.5517 (R3), which is according to my manual calculation not correct. Anyone using FXCM?
Make it simple, but not simpler - Einstein
  • #342,096
  • Edited 8:59pm Jun 3, 2013 8:39pm | Edited 8:59pm
it seems 54xx ..she is looking this level... aniway we're knocking blue area ..... and if we draw fib.. now around 61 monthly fib...

overall not a suprised at all if she is gonna test prev support ..where ? last week high and around ? bull need support also ( imho ) but if last week high kissed and yesterday's low got broken..gonna load bull bullet around ext 0.414-0.618 of yesterday's hi low as daily fib...


c ya and bye ...



Quoting iqyu5an
eh mas bro..... where have u been ?? my bull weekly fib target is pointing... to 54xx as the bull target where there is 38 quarterly fib but most of the time 88.6 will act as trouble maker before any breakout...and ema 200 h4 also .. located between 88.6 and 100 of the weekly fib pusingggggg ahhhhhhhhhhh ================= heheheeh...........jangar pissannnnnnnnnnnnnnnnnnnn hadowhhhhhh ampunnnnnnnn gustiiiiiiiiiii nu agung {quote} {image}
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not euphoria follower
  • #342,097
  • Jun 3, 2013 10:55pm Jun 3, 2013 10:55pm
Waiting for this strong bullish so bad, but i don't expect strong like this, touched 1.5380 oww....owww.......i jump already to the train and exit earlier and re entry for reverse, but the train continuing going north ......
The price in H4 still above Tenkan sen on ichi, Tenkan sen also still pointing up, so it still bullish......waiting for lower price to load bullish
  • #342,098
  • Jun 3, 2013 11:18pm Jun 3, 2013 11:18pm
waiting high volatility session... for a decision

Quoting Red Alert
Waiting for this strong bullish so bad, but i don't expect strong like this, touched 1.5380 oww....owww.......i jump already to the train and exit earlier and re entry for reverse, but the train continuing going north ...... The price in H4 still above Tenkan sen on ichi, Tenkan sen also still pointing up, so it still bullish......waiting for lower price to load bullish
Attached Image (click to enlarge)
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not euphoria follower
  • #342,099
  • Jun 4, 2013 12:02am Jun 4, 2013 12:02am
Quoting iqyu5an
waiting high volatility session... for a decision {quote} {image}
Exzactly......, something make me worry for bullish is, cable easily bounced back down every strong bullish movement, it is indicate that the seller remain ready to fight back..., waiting and waiting...
  • #342,100
  • Jun 4, 2013 12:08am Jun 4, 2013 12:08am
yoa mate...

red data should drive bear butv last night red data made bull ...even am bullish fans ...for me it's anomaly... when i see anomaly.. i always check divergence/whatever




Quoting Red Alert
{quote} Exzactly......, something make me worry for bullish is, cable easily bounced back down every strong bullish movement, it is indicate that the seller remain ready to fight back..., waiting and waiting...
not euphoria follower
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