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Cable Update (GBPUSD)

  • #279,361
  • May 17, 2011 11:12am May 17, 2011 11:12am
Quoting TauTrader
No need.

I am just looking to see if we will test lower extremes before a run up. This extreme, as per my personal view - is sitting @ 1.6140 for now. So I do expect a possible test of this area - 1.6140 - 1.6100.

from there - we will see.

BUT - we could just stop here and move back up.

It would be weird though...

regards
Ahhh I see, just getting in at the very best possible point, I think I'll take a page out of your book and wait for the market to come to me.
  • #279,362
  • May 17, 2011 11:23am May 17, 2011 11:23am
Quoting Shadip
Ahhh I see, just getting in at the very best possible point, I think I'll take a page out of your book and wait for the market to come to me.
Good day,

that's the plan. wanting to see if we can get a better entry....

Logic tells me that a stint lower will not be all to weird. Just to stir things up a bit. This may give the perfect opportunity to go long.

Waves happen sooo slowly. There is more than enough time to get in. Your direction may be spot on, but you know the story - as soon as you enter - you start getting a better price. So - yes - let price come to you.

This 1.6200 level has been difficult (tough) for the bears. But they continue to peek behind the door. Bulls keep pushing back. Someone has to get tired...

Entering another short @ 1.6211.

Bring it!

Regards
  • #279,363
  • May 17, 2011 11:24am May 17, 2011 11:24am
i scalped 10 pips in long
lucky shot

h4 say me bearish flag
below thin red line we go to 61low and 60high

i would like to see it touching 6060-6070 to see how much bulls are there.
Attached Image (click to enlarge)
Click to Enlarge Name: gusdh4.gif Size: 22 KB
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  • #279,364
  • May 17, 2011 11:57am May 17, 2011 11:57am
Quoting TauTrader
Good day,

that's the plan. wanting to see if we can get a better entry....

Logic tells me that a stint lower will not be all to weird. Just to stir things up a bit. This may give the perfect opportunity to go long.

Waves happen sooo slowly. There is more than enough time to get in. Your direction may be spot on, but you know the story - as soon as you enter - you start getting a better price. So - yes - let price come to you.

This 1.6200 level has been difficult (tough) for the bears. But they continue to peek behind the door. Bulls keep...
entered another short @ 1.6213

now 3 of them sitting @ 1.6208 , 1.6211 and 1.6213

regards
Attached Image (click to enlarge)
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  • #279,365
  • May 17, 2011 12:50pm May 17, 2011 12:50pm
Waiting for confirmation too long ( two touch)
  • #279,366
  • May 17, 2011 12:52pm May 17, 2011 12:52pm
Hi all
I just got out of a trade 45 pts . Was going to keep it going until thevend of the week. But I got rid
  • #279,367
  • Edited 1:04pm May 17, 2011 1:00pm | Edited 1:04pm
Quoting Shadip
I'm long then

Good call, Bro


You just can't predict the market - don't know why I try - Just can't believe that the greedy pigs that move the market aren't going to take out all the stops below 16150 eventually!!

However looks like 16300 - 16320 here we come.

Anyone know why the Euro's taking off?
  • #279,368
  • May 17, 2011 1:07pm May 17, 2011 1:07pm
Wow this was unexteted ey? Going up tp 1.63 ...
  • #279,369
  • May 17, 2011 1:14pm May 17, 2011 1:14pm
Quoting jmtini
Good call, Bro


You just can't predict the market - don't know why I try - Just can't believe that the greedy pigs that move the market aren't going to take out all the stops below 16150 eventually!!

However looks like 16300 - 16320 here we come.

Anyone know why the Euro's taking off?
i think we should give her some times, no? still looks like dt even in M15...
  • #279,370
  • May 17, 2011 1:15pm May 17, 2011 1:15pm
is this all the way to 1.65-1.66 levels? or still back to low 1.61 before the BIG way up to 1.67 direction???
  • #279,371
  • May 17, 2011 1:26pm May 17, 2011 1:26pm
Quoting jmtini
Good call, Bro


You just can't predict the market - don't know why I try - Just can't believe that the greedy pigs that move the market aren't going to take out all the stops below 16150 eventually!!

However looks like 16300 - 16320 here we come.

Anyone know why the Euro's taking off?
Thanks man.

I find looking atits dancing partners help you. So EU AU are at heavy demand zones and UC is at a heavy resistance. The volume enters the market at 1.617-9 so it shouldn't go passed here.
Attached Image(s) (click to enlarge)
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  • #279,372
  • May 17, 2011 1:29pm May 17, 2011 1:29pm
took it, 1.620 long closed 1.625

looking to reload 1.61x ?
  • #279,373
  • May 17, 2011 1:36pm May 17, 2011 1:36pm
Quoting sphinx8
took it, 1.620 long closed 1.625

looking to reload 1.61x ?

I would take small bites at round numbers and good supports. Namely 1.6200, 1.617 and 1.615.

If and only if this candle closes similiar to what it is now on the H12, then I'll put a put order in at 210 with my full amount of lots. It'll only kiss that 200 region so be careful. If I'm right btw, look out for the continuation of the uptrend on EU N' AU .

Peace
  • #279,374
  • May 17, 2011 1:45pm May 17, 2011 1:45pm
am i drawing this right?

im thinking of shorting now...
Attached Image (click to enlarge)
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  • #279,375
  • May 17, 2011 1:59pm May 17, 2011 1:59pm
h1 TF
6250 first step
if confirmed above will range into 6300 6250

confirming above 6300 (lip) means again out of h1 channel (red dotted) and up to 6360 upper h4 channel (red)

confirming below 6250 means a need on demand again.
nearest line 6190 again.

meanwhile usdx looks like need to get again 75.22 to confirm more up
Attached Image (click to enlarge)
Click to Enlarge Name: gusdh1.jpg Size: 118 KB
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  • #279,376
  • May 17, 2011 2:17pm May 17, 2011 2:17pm
Quoting wasaf
am i drawing this right?

im thinking of shorting now...
go
  • #279,377
  • May 17, 2011 2:59pm May 17, 2011 2:59pm
i think we go up from here.
unless closes below 6230
will short if that happen
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  • #279,378
  • May 17, 2011 3:07pm May 17, 2011 3:07pm
Quoting _BBKing_
i think we go up from here.
unless closes below 6230
will short if that happen
what is a time definition of close here? US (NY) midnight?
  • #279,379
  • May 17, 2011 3:23pm May 17, 2011 3:23pm
Quoting sphinx8
what is a time definition of close here? US (NY) midnight?
no i mean "unless it closes a candle below 6233. 15m candle at least
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  • #279,380
  • May 17, 2011 3:26pm May 17, 2011 3:26pm
seems like its kicking in gear...... hmmm, so load for long hmmm
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