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Cable Update (GBPUSD)

  • #278,821
  • May 11, 2011 1:27am May 11, 2011 1:27am
Quoting smikester
I have some longs from 1.6330, from last night, at BE. But I don't expect them to live long.
Hi i dont think the 6450 will be touch today since its above a tough 6420! i am in the long side since sterday my tp is just below the daily R1 @ 6403. will look for a short near the 6420 level.
  • #278,822
  • May 11, 2011 1:30am May 11, 2011 1:30am
Quoting smikester
Some good analysis here: http://www.forexfactory.com/showpost...postcount=1066 which led me to post this: http://www.forexfactory.com/showpost...stcount=278786

But we're still in a range for now. Good Yen shorts there. Keep a hold if you can.
thanks for links
i hope to see soon a clear direction on GU
up or down doesn't matter...
90% of traders use TA, indicators and prediction
  • #278,823
  • May 11, 2011 1:32am May 11, 2011 1:32am
Quoting smikester
That bearish engulfer might not play out. It closed at 1.6364 on my feed. Since then we visited 1.6270 and bounced off the tops of those weekly bars. We now have a daily bullish pin bar, not yet played out.

But if we are in a downtrend now, we should retrace to 1.6450, a 38% retrace.

Oh OK, here's your tenner...
6364 close is still way below the previous close of 6527, that makes it valid. A retrace to 6450 is also still below the w/m pivots & makes it valid.
And I do think those daily hammers are gonna screw many people

Okay I'll hold on to the tenner for you my friend
Thank You
  • #278,824
  • May 11, 2011 1:34am May 11, 2011 1:34am
Quoting _BBKing_
no positions on gbp at moment
only if we breake mentioned levels.
today can happen with gov. King's speaking
Not trading either, already done for the month.
Just lending my eyes & exchange analysis.

Good luck to you
Thank You
  • #278,825
  • May 11, 2011 1:49am May 11, 2011 1:49am
Quoting bchbch
Hi i dont think the 6450 will be touch today since its above a tough 6420! i am in the long side since sterday my tp is just below the daily R1 @ 6403. will look for a short near the 6420 level.
Looks like we will soon test today's high. 1.6420 - yes an interesting number. To be honest, I'd be surprised if I trade this pair today. I don't like it when they trade inside the previous day or week range. I'm still learning this pair, though, because it's a great scalping pair, low spread and always seems to be moving.
Gone to a better place
  • #278,826
  • May 11, 2011 1:52am May 11, 2011 1:52am
gbp/usd , my opinions about London session.

from the opening , i am expecting some 50 - 70 pips movement , i am gonna update the trend (long or short)
recently. BOE Gov King Speaks and BOE Inflation Report
will be a breaking point , then i am expecting a long movement for those economical datas.
i am gonna update my opinions recently.

it is not an advise but my opinions. high risk warning.
the best indicator is trader's knowledge , experience and dicipline.
  • #278,827
  • May 11, 2011 2:09am May 11, 2011 2:09am
Quoting wormboy
6364 close is still way below the previous close of 6527, that makes it valid. A retrace to 6450 is also still below the w/m pivots & makes it valid.
And I do think those daily hammers are gonna screw many people

Okay I'll hold on to the tenner for you my friend
Hi WB,

its what i think about Daily candle (i stay with Weekly candle), we are below WP and MP only short GU for this moment. Let see
Trade with the momentum
  • #278,828
  • May 11, 2011 2:12am May 11, 2011 2:12am
Hello.

Long at 6375.
Target resistance level 6420

Josef
  • #278,829
  • May 11, 2011 2:39am May 11, 2011 2:39am
Quoting smikester
Looks like we will soon test today's high. 1.6420 - yes an interesting number. To be honest, I'd be surprised if I trade this pair today. I don't like it when they trade inside the previous day or week range. I'm still learning this pair, though, because it's a great scalping pair, low spread and always seems to be moving.
Hi Smikes. daily high 16420? My chart says 16383.....ah..got you..... sorry i misunderstood.

i'm looking for a scalp short around daily hi
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All systems of divination, like music itself,work through patterns.
  • #278,830
  • May 11, 2011 2:53am May 11, 2011 2:53am
hi mate cable so far in a narrow range of 39 still there are atleast 90 pips there waiting for the news. will looking for a trade after that range fulfill.. long or short depend on the price action.
  • #278,831
  • May 11, 2011 2:55am May 11, 2011 2:55am
I'm looking for a break above 6380 then pull a few pips before R1 bounce, but 10.30 news.........
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  • #278,832
  • May 11, 2011 3:03am May 11, 2011 3:03am
My tp hit at 6403! happy to sit on the safe side before the big news. happy trading. see u after news.
  • #278,833
  • May 11, 2011 3:03am May 11, 2011 3:03am
That's me done for the day, nice weather off out on my bike, happy trading everyone!
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  • #278,834
  • May 11, 2011 3:18am May 11, 2011 3:18am
Quoting redbeben
do you remember I said something some days ago about the news and stuff and how I don't trust them

nice one here.sclaping is better with those idiots in charge

Last Friday’s monthly NFP data wasn’t the only piece of news that hit the tape. By Friday’s last trade the indices had closed unchanged or barely positive because more.
Hey red, thanks for posting this. Of course it doesn't surprise me. The European Union has been a thorn in the side of the US administration since its inception and I think part of the determination to hold the Euro together stems from that fact. Where did you find this article?
Gone to a better place
  • #278,835
  • May 11, 2011 3:24am May 11, 2011 3:24am
Still a no go for me, unless it manages to break 1.6450 or go down past 1.6315.
  • #278,836
  • May 11, 2011 3:37am May 11, 2011 3:37am
Bullish break above Tuesday pullback Hi/Wednesday Hi sees supply come in at the previous 1hr/4hr swing hi zone....U.k Trade Bal data just out - worst than last mth and worst than the forecast putting some pressure on £. Price remains trapped in a range between 50% 6574-6269 (Tues Hi) and 61.8% 5971-6746 (Mon Lo)

How strong are the bulls now ?
ex member
  • #278,837
  • May 11, 2011 3:50am May 11, 2011 3:50am
Uk Boe Inflation report is published @ 1030am Uk time with Gvr King et al press conference thereafter. How dovish will be the tone following last mth's 0.4% drop in inflation ? Remember too that Uber Hawk Mpc member Andrew Sentence is now off the mpc.

Current near-term 1hr screenshot below.

G/L
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ex member
  • #278,838
  • May 11, 2011 4:13am May 11, 2011 4:13am
lets see if also this time, market moves 1-2 hours before big events.
or if is a trap.
90% of traders use TA, indicators and prediction
  • #278,839
  • May 11, 2011 4:16am May 11, 2011 4:16am
what are your thoughts on how the upcoming news will affect GU? I'm scared lol
  • #278,840
  • May 11, 2011 4:17am May 11, 2011 4:17am
Will the hidden divergence on the daily chart play out ?

G/L
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ex member
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