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Cable Update (GBPUSD)

  • #317,461
  • Jun 27, 2012 1:51am Jun 27, 2012 1:51am
Quoting _BBKing_
today important date for options expiry.
after today, levels like 2500 in EU and 5650 in GU could not be anymore protected.
(see fxlive.com)
so meaning that if gu have to go up, will probably do late today or tomorrow.

meanwhile please, let it go down.
That's what I'm looking at...a simple scalp would be fine
I trade to live
  • #317,462
  • Jun 27, 2012 2:05am Jun 27, 2012 2:05am
Bullish thrust candle yesterday on the Daily and a confirmed fractal swing L now at Monday's 5537 Low...general uptrend on this daily t/f probably still exists although no HH yet. Tight asian range testing it's low now

G/L
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ex member
  • #317,463
  • Jun 27, 2012 2:08am Jun 27, 2012 2:08am
Okay GBPUSD falling on London Open but i fear it may be limited to 1.5600 because of the Supporting moving average i suggested earlier....

EURUSD however looking really nice to short... no supporting moving average below but resistances above....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #317,464
  • Jun 27, 2012 2:17am Jun 27, 2012 2:17am
Quoting bguguen
Okay GBPUSD falling on London Open but i fear it may be limited to 1.5600 because of the Supporting moving average i suggested earlier....

EURUSD however looking really nice to short... no supporting moving average below but resistances above....
hello,
yes mixed data actually i'm holding both long and short (lol)
i rarely do but until price is within 5640 and 5570 can keep bouncing ping-pong. just like yesterday.
definetly need to give a strong and clear close above 5640 (actual weekly pivot area) to let bulls come into market again and go for 5750-5800 etc.

on the other side... it is possible to see down till 5470.
yesterday market went insane. let's see if today goes in 1 direction (i hope)

eyes in 5590-5610 (dp 5615) for the moment
90% of traders use TA, indicators and prediction
  • #317,465
  • Jun 27, 2012 2:20am Jun 27, 2012 2:20am
Quoting Ill-b-back
I am Fonzy, the cool trader
Nice bro....but I thought you are the warm trader because.........(thinking of the tiger palm stuff)


I trade to live
  • #317,466
  • Jun 27, 2012 2:23am Jun 27, 2012 2:23am
Quoting bbmac
Bullish thrust candle yesterday on the Daily and a confirmed fractal swing L now at Monday's 5537 Low...general uptrend on this daily t/f probably still exists although no HH yet. Tight asian range testing it's low now

G/L
hi bbmac
nice cross in those 2 emas in that chart....
90% of traders use TA, indicators and prediction
  • #317,467
  • Jun 27, 2012 2:25am Jun 27, 2012 2:25am
Quoting bguguen
Okay GBPUSD falling on London Open but i fear it may be limited to 1.5600 because of the Supporting moving average i suggested earlier....

EURUSD however looking really nice to short... no supporting moving average below but resistances above....
Its okay if it is to be limited by 5600 because we still can scalp

About eu, gu the one looking nice to short (little). Thou manipulation exist more on cable, we just follow the rumour.

Just like the NIKE's advertisement, JUST DO IT

I trade to live
  • #317,468
  • Jun 27, 2012 2:25am Jun 27, 2012 2:25am
mni talking about 5585/75 possible bids - Daily S1 is @/around 5585. The also m,ention 5550/40 as 'tech support.'

Near - term 1hr as below;

G/L
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ex member
  • #317,469
  • Jun 27, 2012 2:32am Jun 27, 2012 2:32am
by the way, looking at atr (14 day) being at a lowest level indicates the coming candles shall be forming a small range...small tiny candles..
I trade to live
  • #317,470
  • Jun 27, 2012 2:35am Jun 27, 2012 2:35am
Hey bryan, remember the news release from telegraph I tagged you regarding the QE?

Is it confirmed?
I trade to live
  • #317,471
  • Jun 27, 2012 2:35am Jun 27, 2012 2:35am
Quoting UbuFamily
Hey bryan, remember the news release from telegraph I tagged you regarding the QE?

Is it confirmed?
No idea
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #317,472
  • Jun 27, 2012 2:39am Jun 27, 2012 2:39am
Quoting bguguen
No idea
I trade to live
  • #317,473
  • Jun 27, 2012 2:51am Jun 27, 2012 2:51am
rangy conditions re opa 1hr/4hr at the moment -1hr more bullish than bearish currently..only 24% of 20day atr covered so far today, 46% of 20 week atr so far this week.

Clearly some demand then 5610/15 area

G/L
ex member
  • #317,474
  • Jun 27, 2012 3:14am Jun 27, 2012 3:14am
Quoting bguguen
GU is dangerous... Conflicting signals....
H1 EMA55, and H4 EMA55 below market, while
H4 EMA 200, D1 EMA55, D1 EMA200 all above market price...

im not gona short GBPUSD until it gets closer to perhaps 5800 and that a signal shows up there...
what kind of setup are you looking for to go down?
deep RoT is essential for everlasting happyness
  • #317,475
  • Jun 27, 2012 3:24am Jun 27, 2012 3:24am
Quoting UbuFamily
in last FOMC thing, bernanke did not say anything about more QE. not anytime soon at least. he simply confirmed that they are ready to do anything in case of necessity.
in fact, commodities are going down down down.
silver in 26 area and gold approaching again 1560 apparently going in lower 1520 again.

then, what newspapers say.... can be something else but actually facts are these
i bet that they are trying to move gold below 1500 to get the 1400-1425 level which was pre-QE2 top area.

time will tell, as always!
90% of traders use TA, indicators and prediction
  • #317,476
  • Jun 27, 2012 3:37am Jun 27, 2012 3:37am
If you look the 4 h chart, you can see that the next candle will be very bearish
  • #317,477
  • Jun 27, 2012 3:53am Jun 27, 2012 3:53am
I shorted from 1.5644 and closed it all @ 1.5614....I'm on the run now.

I have pending buy @ 1.5603 and at 1.5597 TP 1.5700 for now

on EU last 1.2465 was closed half @ + 30 half @ BE so I reentered @ 1.2460....leave it till at least 1.2550 area and trail it to 1.26

see ya later gotta run now

p.s. today or tmr we should go above 1.5700....I hope
  • #317,478
  • Jun 27, 2012 4:01am Jun 27, 2012 4:01am
Quoting _BBKing_
in last FOMC thing, bernanke did not say anything about more QE. not anytime soon at least. he simply confirmed that they are ready to do anything in case of necessity.
in fact, commodities are going down down down.
silver in 26 area and gold approaching again 1560 apparently going in lower 1520 again.

then, what newspapers say.... can be something else but actually facts are these
i bet that they are trying to move gold below 1500 to get the 1400-1425 level which was pre-QE2 top area.

time will tell, as always!


Thank you for your reply bro..

If I'm not mistaken, it was not bernenke said that, it was david...forgot his last name but surely david as his first name..
I trade to live
  • #317,479
  • Jun 27, 2012 4:02am Jun 27, 2012 4:02am
Fuhhhh....successfully scalp $100 in minutes

edit: in gu
I trade to live
  • #317,480
  • Jun 27, 2012 4:02am Jun 27, 2012 4:02am
Quoting Itrade24h
If you look the 4 h chart, you can see that the next candle will be very bearish
candlestick rules are useless when talking about 4h charts.
imo those rules are always useless...but just my personal point

edit: maybe only good IF price is near strong levels and showing a reversal h4.
90% of traders use TA, indicators and prediction
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