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Cable Update (GBPUSD)

  • #279,421
  • May 18, 2011 1:51am May 18, 2011 1:51am
Quoting PhAnTi'



so thats a easy buy for me at the certain area with stops below 6186
Thanks for your help Phanti. I'll watch out for that pattern. I think I saw you post one on another thread some time ago. Price is everything?
Gone to a better place
  • #279,422
  • May 18, 2011 1:57am May 18, 2011 1:57am
Quoting bbmac
3-0-6 and n/c those minutes..mixed data then all in all, but demand at the area noted kicked in, possibly too market reacted to drop in un-employment rate to 7.7% whereas rise to 7.9% from 7.8% was forecast? Big rise too in av hourly earnings to 2.3%

G/L
Those figures for Claimant count change posted by FF (previous) are wrong. Also I note on days where there was a large increase in the past hasn't always been negative for the pound. Confused...
Gone to a better place
  • #279,423
  • May 18, 2011 2:00am May 18, 2011 2:00am
Quoting smikester
Thanks for your help Phanti. I'll watch out for that pattern. I think I saw you post one on another thread some time ago. Price is everything?
yo
Hero calls followed by margin calls...
  • #279,424
  • May 18, 2011 2:01am May 18, 2011 2:01am
reacted again 2 times at mentioned demand area.

this is a huge one !
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm15.gif Size: 45 KB
Hero calls followed by margin calls...
  • #279,425
  • May 18, 2011 2:05am May 18, 2011 2:05am
Quoting Qu|cksilver
Hi,
Does anyone agree cable may go up to 1.9050 area? or will continue bearish when the market open on monday?
I do not agree
Is unexpected
But in the long run could be to work
  • #279,426
  • May 18, 2011 2:06am May 18, 2011 2:06am
The best advice may be : Don't try and figure it out fundamentally if you are trading a technical edge...it doesn't matter, just trade what you see- don't form opinions...it can prevent you from believing what you are see-ing or worse thinking what you are see-ing is wrong...the market is never wrong (whatever it's reasons are)...just go where the money goes.

Quoting smikester
...... Also I note on days where there was a large increase in the past hasn't always been negative for the pound. Confused...
ex member
  • #279,427
  • May 18, 2011 2:06am May 18, 2011 2:06am
6250 working good resistance again
Attached Image (click to enlarge)
Click to Enlarge Name: gusdm5.gif Size: 27 KB
90% of traders use TA, indicators and prediction
  • #279,428
  • May 18, 2011 2:08am May 18, 2011 2:08am
Quoting bbmac
The best advice may be : Don't try and figure it out fundamentally if you are trading a technical edge...it doesn't matter, just trade what you see- don't form opinions...it can prevent you from believing what you are see-ing or worse thinking what you are see-ing is wrong...the market is never wrong (whatever it's reasons are)...just go where the money goes.
i totally agree with you
90% of traders use TA, indicators and prediction
  • #279,429
  • May 18, 2011 2:10am May 18, 2011 2:10am
Quoting bbmac
The best advice may be : Don't try and figure it out fundamentally if you are trading a technical edge...it doesn't matter, just trade what you see- don't form opinions...it can prevent you from believing what you are see-ing or worse thinking what you are see-ing is wrong...the market is never wrong (whatever it's reasons are)...just go where the money goes.
that wisdom right there..and experience
golden nugget post
  • #279,430
  • May 18, 2011 2:11am May 18, 2011 2:11am
Quoting PhAnTi'
Attachment



as u can see in the circled area we had around 10 pins that couldnt close below or even in this box.
Means that between 6186 and ~ 6200 buyers overexceeded sellers and price reversed.

compared with current low we couldnt approach this level again.Attachment



so thats a easy buy for me at the certain area with stops below 6186
Hello PhAnTi,

I have one question: is possible to get your template please.....
I like your chart

Have a nice trading day

pipgame
  • #279,431
  • May 18, 2011 2:12am May 18, 2011 2:12am
So How strong is this demand leading down to that 6147 recent 4hr/daily swing lo ? ...also leading down to there is a 1hr and a 4hr ascending trend line as well as Daily S1 pivot 6180 area.

Still looking somewhat bearish-mixed intraday?

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 74 KB
ex member
  • #279,432
  • May 18, 2011 2:12am May 18, 2011 2:12am
Quoting bbmac
The best advice may be : Don't try and figure it out fundamentally if you are trading a technical edge...it doesn't matter, just trade what you see- don't form opinions...it can prevent you from believing what you are see-ing or worse thinking what you are see-ing is wrong...the market is never wrong (whatever it's reasons are)...just go where the money goes.
Yes you are right. I'll try to keep it simple.
Gone to a better place
  • #279,433
  • May 18, 2011 2:15am May 18, 2011 2:15am
Quoting pipgame
Hello PhAnTi,

I have one question: is possible to get your template please.....
I like your chart

Have a nice trading day

pipgame
jo
Attached File(s)
File Type: tpl 02phanti.tpl   272 KB | 353 downloads
Hero calls followed by margin calls...
  • #279,434
  • May 18, 2011 2:19am May 18, 2011 2:19am
This is a good trend
So we better plan on two to three days to get results
  • #279,435
  • May 18, 2011 2:22am May 18, 2011 2:22am
With Uber hawk Andrew Sentence now retired from the Boe/Mpc, will next month's vote be 3-0-6 or will new member (forget his name) vote against a rise making it 2-0-7 or even abstain making it 2-1-6 ? He is thought to be a hawk but at his recent confirmation testimony at the Hoc cttee he sounded a little neutral-dovish re timing of a rise and effect on recovery etc...

Will be interesting.

G/L
ex member
  • #279,436
  • May 18, 2011 2:28am May 18, 2011 2:28am
demand tested , but printed new low !
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm15.gif Size: 45 KB
Hero calls followed by margin calls...
  • #279,437
  • May 18, 2011 2:30am May 18, 2011 2:30am
Generally so far this London session Supply is absorbing the Demand.... at the moment as price drops to Daily S1 pivot in another previous 1hr/4hr swing lo zone (ie a previous near-term obvious imbalance of demand/supply represented by the fractal swing lo on 1hr and 4hr.)

Intraday looking bearish..is the 4hr bear-flag pointed out by an excellent post earlier going to play out ?

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 77 KB
ex member
  • #279,438
  • May 18, 2011 2:32am May 18, 2011 2:32am
4hr close below the trend line shown could be a good entry signal for the bears ?

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 53 KB
ex member
  • #279,439
  • May 18, 2011 2:46am May 18, 2011 2:46am
bought some for correction

rsx oversold, strong demand and nice m15 wicks


Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm15.gif Size: 45 KB
Hero calls followed by margin calls...
  • #279,440
  • May 18, 2011 2:49am May 18, 2011 2:49am
Quoting PhAnTi'
bought some for correction

rsx oversold, strong demand and nice m15 wicks


Attachment
I love you for saying that.

Still holding longs from yesterday, but if the channel that was just mentioned breaks on the 1H I'll be looking to maybe get out
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Danil99