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Cable Update (GBPUSD)

  • #280,581
  • Jun 3, 2011 6:11am Jun 3, 2011 6:11am
closed shorts -10
got long +10

i leave.

see you all next week.
90% of traders use TA, indicators and prediction
  • #280,582
  • Jun 3, 2011 6:16am Jun 3, 2011 6:16am
Quoting sphinx8
nevermind the NFP data shaker today, we are still in bull targaeting 1.66ish for coming weeks right?
well daily says down. weekly close below 6300 and it will look quiet terrible for bulls.

lets wait for nfp.
Hero calls followed by margin calls...
  • #280,583
  • Jun 3, 2011 6:26am Jun 3, 2011 6:26am
Quoting redbeben
the only good move I can see now is a long with TP 1.73
but I wait for a lower level to buy.we might go down to 1.60 even lower

Welcome back RedB !!!

good and bad at the same time )
my poor longs at mid 1.63, did not see another (2nd) pullback to such low levels coming....... but lets wait for 1.66 and more
  • #280,584
  • Jun 3, 2011 6:28am Jun 3, 2011 6:28am
Quoting PhAnTi'
well daily says down. weekly close below 6300 and it will look quiet terrible for bulls.

lets wait for nfp.

the day I will stop believing in data will be nice
I mean all the US data are super shit this week but look where we are on Friday mornig......... haivng said that everything is possible Friday closing
  • #280,585
  • Jun 3, 2011 6:32am Jun 3, 2011 6:32am
Quoting sphinx8
the day I will stop believing in data will be nice
I mean all the US data are super shit this week but look where we are on Friday mornig......... haivng said that everything is possible Friday closing
everything is possible.... i wont trade today...nobody knows which figures are fix and which are regulated...anyway everything is regulated somehow and somewhere in the wide world of financial markets ^^
Hero calls followed by margin calls...
  • #280,586
  • Jun 3, 2011 6:33am Jun 3, 2011 6:33am
Quoting PhAnTi'
everything is possible.... i wont trade today...nobody knows which figures are fix and which are regulated...anyway everything is regulated somehow and somewhere in the wide world of financial markets ^^

"regulated" as to "manipulated" right?
  • #280,587
  • Jun 3, 2011 6:34am Jun 3, 2011 6:34am
Quoting sphinx8
"regulated" as to "manipulated" right?
absolutely
Hero calls followed by margin calls...
  • #280,588
  • Jun 3, 2011 6:35am Jun 3, 2011 6:35am
Quoting _BBKing_
mostly i see hourly macd crossed down below 0
looks good retesting yesterdays lows, shorting break of todays low.
Attached Image (click to enlarge)
Click to Enlarge Name: retest.gif Size: 15 KB
Come with me if you want to live....
  • #280,589
  • Jun 3, 2011 6:38am Jun 3, 2011 6:38am
so, do you think NFP will bring GBP up or down?? please share
"sharing knowledge make us more rich"
  • #280,590
  • Jun 3, 2011 6:40am Jun 3, 2011 6:40am
Tempting to keep milking these girls, week over for me
Early AU Cable Geppy trades still live, heavily milked, next week a new game

Happy pipping those with large kahunas
If you are new to Forex? Say Goodbye to your account!!
  • #280,591
  • Jun 3, 2011 6:42am Jun 3, 2011 6:42am
Quoting rullyforex
so, do you think NFP will bring GBP up or down?? please share
well thats obv up to the numbers
Hero calls followed by margin calls...
  • #280,592
  • Jun 3, 2011 6:48am Jun 3, 2011 6:48am
Quoting rullyforex
so, do you think NFP will bring GBP up or down?? please share
I will only be shorting today as long as we see a break below todays low of 85. We are in a daily and even weekly head n shoulders formation and all of my macd's from weekly down to hourly are giving short signals as well as this current trendline break. Hope this helps
Come with me if you want to live....
  • #280,593
  • Jun 3, 2011 6:50am Jun 3, 2011 6:50am
Quoting KiwiTrada
Tempting to keep milking these girls, week over for me
Early AU Cable Geppy trades still live, heavily milked, next week a new game

Happy pipping those with large kahunas
WE ain't too bright but I guess we got BIG ROUND HAIRY KAHUNAS
Come with me if you want to live....
  • #280,594
  • Jun 3, 2011 6:55am Jun 3, 2011 6:55am
NFP is one of most important indicator (data) which can affect The Fed decision on whether the QE should be continued or done.

If we see the actual release below 75K or at least less than previous month, the dollar will weaken. If we see 180k or more (some said 300k) the dollar will rally.

Anyways, it is difficult to say that how the actual no. of NFP will affect the market. But expect a volatile movement.
  • #280,595
  • Jun 3, 2011 7:06am Jun 3, 2011 7:06am
Quoting Dayboy001
Long @ 1.6310
SL @ 1.6290
1/2 closed @ 1.6330 = +20
1/2 Stopped out at B/E = 0

20 x 1/2 = +10 pips

Quoting Dayboy001
Long @ 1.6290
SL @ 1.6275
1/2 closed @ 1.6305 = +15
1/2 closed @ 1.6330 = +40 (closed due to pending news 13:30)

55 x 1/2 = 27.5 pips

Total 37.5 pips

Ending here due to news

Have a good weekend everyone

G/L
  • #280,596
  • Jun 3, 2011 7:40am Jun 3, 2011 7:40am
Quoting deryworlds
If I could Suggest....now leave it alone " Daily Clear To the Bottom deep "
Up only for 2 hrs scalp and I think not possible to break 6355 again
Have a nice weekend mate
actually just wondering why most people scary for NFP such as Make Spike only 50-60 Pips as well
Well hope King still in Patience Trend is Your friends mate according Monthly we will meet 1.56xx Soon
  • #280,597
  • Jun 3, 2011 7:50am Jun 3, 2011 7:50am
this is clasic........ bad US news and EUR and GBP goes down..........
  • #280,598
  • Jun 3, 2011 7:53am Jun 3, 2011 7:53am
Quoting sphinx8
this is clasic........ bad US news and EUR and GBP goes down..........
will bring it more after ISM i guess
  • #280,599
  • Jun 3, 2011 8:17am Jun 3, 2011 8:17am
Quoting Ill-b-back
I will only be shorting today as long as we see a break below todays low of 85. We are in a daily and even weekly head n shoulders formation and all of my macd's from weekly down to hourly are giving short signals as well as this current trendline break. Hope this helps
It all depends on your perspective
Weekly momentum up
http://i1236.photobucket.com/albums/...momentumup.gif

Shown on the daily - support
http://i1236.photobucket.com/albums/...ilyrefined.gif

4 hr chart with some added short term levels.
http://i1236.photobucket.com/albums/...clustering.gif
  • #280,600
  • Jun 3, 2011 8:30am Jun 3, 2011 8:30am
Quoting nunrgguy
It all depends on your perspective
Weekly momentum up
http://i1236.photobucket.com/albums/...momentumup.gif

Shown on the daily - support
http://i1236.photobucket.com/albums/...ilyrefined.gif

4 hr chart with some added short term levels.
http://i1236.photobucket.com/albums/...clustering.gif
EUR Pushing GBP to follow but as I said if I could see 6355 - 6393 Break again then we cancel the South destination to 1.6511 north but I doubt on it as the weekly momentum for today and if not well time to say bye step by step for 1.6xx level thats my opinion
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