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Cable Update (GBPUSD)

  • #231,561
  • Jun 14, 2010 5:08am Jun 14, 2010 5:08am
Quoting forexlion
I am selling here, mother in law says, bend over
FL! Damn! u good about a gap forcast last weekend. Damn i hate u! hahaha!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #231,562
  • Jun 14, 2010 5:21am Jun 14, 2010 5:21am
Market doesn,t punish anybody. Simply there are the rules which tell what is possible to do and what is not allowed. To show the rules is the market,s work
  • #231,563
  • Jun 14, 2010 5:31am Jun 14, 2010 5:31am
my weekly cam (from kill)shows next high 1.4805no GMT Shift adjustment possible..thats the reason maybe..anyway thanks for correction..

Quoting digger1
geez lion, I agree with you lol, scary thought ha ha , trying the 1st shorts of the day , 1st tgt my average band , have enjoyed the ride up so not much riding on this , Reason for short, last weeks high. Should be good for a few , counter trend atm so only tgting the band which has been good for long entries on the trip up Attachment
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  • #231,564
  • Jun 14, 2010 5:33am Jun 14, 2010 5:33am
Looks like GU almost or already reach the peak for today
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  • #231,565
  • Jun 14, 2010 5:34am Jun 14, 2010 5:34am
Quoting aforizma
my weekly cam (from kill)shows next high 1.4805no GMT Shift adjustment possible..thats the reason maybe..anyway thanks for correction..
The cam levels will vary some from broker to broker and they do need to be calculated from 5 pm new york time if possible
  • #231,566
  • Jun 14, 2010 5:53am Jun 14, 2010 5:53am
BEER MONEY TM



This Morning's Post

http://www.forexfactory.com/showpost...stcount=231410

Well on track
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #231,567
  • Jun 14, 2010 5:57am Jun 14, 2010 5:57am
Quoting forexlion
i removed it, didn't wish to hurt ball_boar
Why do you even bother referencing me? Thought I was on your ignore list? Funny how you can read my post's when I'm on your ignore list

Be a man of your WORD and keep me on your ignore list.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #231,568
  • Jun 14, 2010 5:58am Jun 14, 2010 5:58am
Good day to you all,

There has been zero reason up to now to look at shorting GU. Attached some charts for your perusal.

1st chart is 4hr - Long signal in place (marked 1) - with a secondary confirmation also in place (marked 2). Resistance is close to where PA is now. (marked 3).

2nd chart is the 1hr - we did get a long signal (marked 1) and as price bounced off the weekly open @ 1.4575, this was good to take. Friday's high (marked 2) is in the way currently - sitting @ 1.4757. Let's see what happens there - should price continue a bit.

3rd chart is the 15min - Again, the long signal close to market close on Friday is still in place (marked 1). A confirmation shorter term long signal was generated (marked 2), off the weekly open. Price broke through resistance (marked 3) - this resistance / now possible support, was formed by last week Thursdays close price ( 1.4713) and Thursday's high @ 1.4716.

See how price behaves if it comes back to retest these levels. Also see how price behaves at 1.4757. If it gets blocked here.

Waiting for a reversal signal to enter short / or then for a retrace and continuation later on.

Wish you all success!

Regards
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  • #231,569
  • Jun 14, 2010 6:06am Jun 14, 2010 6:06am
Quoting TauTrader
Good day to you all,

There has been zero reason up to now to look at shorting GU. Attached some charts for your perusal.

1st chart is 4hr - Long signal in place (marked 1) - with a secondary confirmation also in place (marked 2). Resistance is close to where PA is now. (marked 3).

2nd chart is the 1hr - we did get a long signal (marked 1) and as price bounced off the weekly open @ 1.4575, this was good to take. Friday's high (marked 2) is in the way currently - sitting @ 1.4757. Let's see what happens there - should price continue a bit....
Tau mate, long time no see. How you going?

Stay green
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #231,570
  • Jun 14, 2010 6:08am Jun 14, 2010 6:08am
Here's an update.... 1.4900 final frontier for now.
Attached Image(s) (click to enlarge)
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #231,571
  • Jun 14, 2010 6:14am Jun 14, 2010 6:14am
Quoting Bull_Bear
Tau mate, long time no see. How you going?

Stay green
Good day to you, Sir

Let's just say, I was busy for a while. Travelled to Europe on business for a few weeks and had some stuff to sort out locally. Have not touched forex for 6 weeks!

Now have to start getting things together again, as I need some pips to go on holiday in December.

Thank you for the welcome. Appreciated!

Warm regards
  • #231,572
  • Jun 14, 2010 6:18am Jun 14, 2010 6:18am
Quoting Bull_Bear
Tau mate, long time no see. How you going?

Stay green
seems UK doesnt like green ATM
Verily, in every difficulties there is relief
  • #231,573
  • Jun 14, 2010 6:20am Jun 14, 2010 6:20am
Quoting Bull_Bear
Here's an update.... 1.4900 final frontier for now.
rock on mate... i'm putting my short for a retrace @1.4723... good luck to you.. i'll see u @1.4900.. later on..
  • #231,574
  • Jun 14, 2010 6:24am Jun 14, 2010 6:24am
Quoting TauTrader
Good day to you, Sir

Let's just say, I was busy for a while. Travelled to Europe on business for a few weeks and had some stuff to sort out locally. Have not touched forex for 6 weeks!

Now have to start getting things together again, as I need some pips to go on holiday in December.

Thank you for the welcome. Appreciated!

Warm regards

Tau!!

Really good to see you back buddy! I thought you might have fell off the edge of the earth my friend.

You've been missed!
Ghost Rider - WWTBMD?
  • #231,575
  • Jun 14, 2010 6:25am Jun 14, 2010 6:25am
Quoting Yngwie
FL! Damn! u good about a gap forcast last weekend. Damn i hate u! hahaha!
I got those rates saturday evening, n the trick is pretty stupid one.
  • #231,576
  • Jun 14, 2010 6:30am Jun 14, 2010 6:30am
Quoting albchr
Tau!!

Really good to see you back buddy! I thought you might have fell off the edge of the earth my friend.

You've been missed!
Good day to you, Biker MAN!

Nah - I was the one missing all the fun. Glad to see you are still chipping away at it. Appreciate the post. Thank you.

Hope all is well with you!

Regards
  • #231,577
  • Jun 14, 2010 6:34am Jun 14, 2010 6:34am
Quoting mloistianto
rock on mate... i'm putting my short for a retrace @1.4723... good luck to you.. i'll see u @1.4900.. later on..
Good to hear mate, careful on the retrace.

Catch you at 1.4900 later than ...
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #231,578
  • Jun 14, 2010 6:40am Jun 14, 2010 6:40am
Quoting Bull_Bear
Good to hear mate, careful on the retrace.

Catch you at 1.4900 later than ...
Yeah thanks. I'll watch it carefully.. I dont see magix around here lately.. btw good luck to your grand trade..

Mike
  • #231,579
  • Jun 14, 2010 6:44am Jun 14, 2010 6:44am
Quoting mloistianto
Yeah thanks. I'll watch it carefully.. I dont see magix around here lately.. btw good luck to your grand trade..

Mike
1st Major road block is 1.4780.

Good retrace play there.

Good Luck
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #231,580
  • Jun 14, 2010 7:18am Jun 14, 2010 7:18am
More green shoots? Yeah right. Only the banksters are making profits. Main street is screwed. The real estate market is not recovering. The bottom is still not in sight! Bloomberg reports:

U.S. home foreclosures reached a record for the second consecutive month in May, with increases in every state, as lenders stepped up property seizures, according to RealtyTrac Inc.

Bank repossessions climbed 44 percent from May 2009 to 93,777, the Irvine, California-based data company said today in a statement. Foreclosure filings, including default and auction notices, rose about 1 percent to 322,920. One out of every 400 U.S. households received a filing.

“We’re nowhere near out of the woods,” Rick Sharga, RealtyTrac’s senior vice president for marketing, said in a telephone interview. “We’re likely to set a quarterly record for home seizures if June is anything like May.”

Lenders are completing the “inevitable progression” of taking properties from homeowners who stopped paying, Sharga said. He predicted last month that another 5 million delinquent mortgages will end in foreclosure in addition to properties that had already been repossessed. Almost 3.1 million properties have been seized by banks since April 2005, Daren Blomquist, RealtyTrac’s marketing communications manager, said in an interview today. “The second quarter won’t be the peak,” Sharga said. “I’m not even sure 2010 will be.”

The previous record for seizures was 92,432 in April. Last month was the first in which every state had an increase in repossessions from a year earlier, according to RealtyTrac.

Unemployment Rate
U.S. private payrolls rose by 41,000 in May, Labor Department data showed last week. The hiring of temporary census workers boosted overall payroll growth to 431,000. The jobless rate fell to 9.7 percent, from 9.9 percent in April.

Almost a quarter of the nation’s mortgage holders owed more than their homes were worth in the first quarter, Zillow.com said last month. Bank sales of foreclosed properties accounted for more than a fifth of all U.S. home transactions in March, the Seattle-based real estate data provider said.

Wells Fargo & Co. and Bank of America Corp., the two largest U.S. home lenders, are cutting principal on some mortgages in an effort to keep owners in properties and get them to pay at least part of what they owe. Bank of America said in March it was reducing principal for some borrowers who owe more than 120 percent of what their homes are worth.

“Marginal people, those types that were working as laborers, are most affected by foreclosures,” said Albert Kyle, a finance professor at the University of Maryland’s R.M. Smith School of Business in College Park. “A lot of foreclosures are occurring in modest houses.”
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