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Cable Update (GBPUSD)

  • #280,761
  • Jun 7, 2011 5:06am Jun 7, 2011 5:06am
Quoting sphinx8
so you dont see it go more down?
1.643 will tell, that is where my R1 is
was good for 30 pips, my bad..... anyway +12 are +12
Hero calls followed by margin calls...
  • #280,762
  • Jun 7, 2011 5:09am Jun 7, 2011 5:09am
Quoting PhAnTi'
was good for 30 pips, my bad..... anyway +12 are +12
34
  • #280,763
  • Jun 7, 2011 5:10am Jun 7, 2011 5:10am
Quoting PhAnTi'
was good for 30 pips, my bad..... anyway +12 are +12
still not sure where it goes, seems bouncing around 1.643
so it is 50/50 imho

getting bashed on EU was planning for some downmove to 1.455x before this major climb, $hit
  • #280,764
  • Jun 7, 2011 5:14am Jun 7, 2011 5:14am
i'm up +56 pips for the moment on gbp/usd. expecting it to rise more
  • #280,765
  • Jun 7, 2011 5:16am Jun 7, 2011 5:16am
Quoting Walker93
34
or even 34...^^

lol at C.S. : P
Hero calls followed by margin calls...
  • #280,766
  • Jun 7, 2011 5:17am Jun 7, 2011 5:17am
RSI, ADX, AD all maxed out no -, looking in past fell down everytime when it was like this....
  • #280,767
  • Jun 7, 2011 5:19am Jun 7, 2011 5:19am
Gbp/Usd This pair had ended its high reaching daily range for today, more move would be to the downside but might come back at late hours to close around high price if this upward movement is to continue in coming days.
Anyway, I entered a sell order at 1.6459(targetting 1.6400 and might extend it to 1.6375 according to price action) as my first sell signal for this pair says:
Gbp/Usd Buy 1.6290/95 then 1.6260/65 then 1.6195/00, sell 1.6455/60 then 1.6505/10 then 1.6550/55
  • #280,768
  • Jun 7, 2011 5:19am Jun 7, 2011 5:19am
Quoting sphinx8
RSI, ADX, AD all maxed out no -, looking in past fell down everytime when it was like this....
All eyes on the momentum and bearing divergence - that was noticeable well in advance of the last price drop IMO - that helped me get the 132pips

Support is around 64255 >>> im not taking a position until the direction is clarified a bit, may get a correction if bullish volumes pick up again
  • #280,769
  • Jun 7, 2011 5:58am Jun 7, 2011 5:58am
what is the right setup for now...thinking of shorting....but when is the right time???

Can somebody give me some light..
  • #280,770
  • Jun 7, 2011 6:04am Jun 7, 2011 6:04am
Quoting izzas
what is the right setup for now...thinking of shorting....but when is the right time???

Can somebody give me some light..
Here is some light. You missed the London move. Maybe tomorrow? New York opens in 1 hour. There might be a set up there but after this morning you will be looking for crumbs. There's no big news for several hours until Mr Bernanke speaks.
Gone to a better place
  • #280,771
  • Jun 7, 2011 6:08am Jun 7, 2011 6:08am
Quoting izzas
what is the right setup for now...thinking of shorting....but when is the right time???

Can somebody give me some light..
Smikester is right - But im short looking for those crumbs he shuns, profit is profit - No big moves for a lil while but the price looks like it might take a small fall withtin the hour - il post if i take a position izzas but dont get caught with the farmers wife when the big move comes. HA!

just out of interest - what sort of return do people make? The cable your most traded pair?
  • #280,772
  • Jun 7, 2011 6:12am Jun 7, 2011 6:12am
Quoting Walker93
Smikester is right - But im short looking for those crumbs he shuns, profit is profit - No big moves for a lil while but the price looks like it might take a small fall withtin the hour - il post if i take a position izzas but dont get caught with the farmers wife when the big move comes. HA!

just out of interest - what sort of return do people make? The cable your most traded pair?
I'd be careful shorting just here. Aren't you wondering why price is jammed above 25?

Attached Image (click to enlarge)
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Gone to a better place
  • #280,773
  • Jun 7, 2011 6:21am Jun 7, 2011 6:21am
OK let's get the thread filled up with bullshit so my last post gets disappeared now 1.6425 is broken.
Gone to a better place
  • #280,774
  • Jun 7, 2011 6:34am Jun 7, 2011 6:34am
Quoting smikester
OK let's get the thread filled up with bullshit so my last post gets disappeared now 1.6425 is broken.
ha okay smikester - i could talk about crude futures all day if you want to hide your post among some babble Cant wait for tomorrows OPEC meeting ha, anyway, im getting yelled at by a price alert so time to go increase my short position

There my two shorts on atm, not letting them run far though.
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  • #280,775
  • Jun 7, 2011 6:36am Jun 7, 2011 6:36am
The short @ 6440 towards the first target 6405 in sight. tp2 @ 6390. Will load the buy order @ 6350 for 6450 tomorow!
  • #280,776
  • Jun 7, 2011 6:41am Jun 7, 2011 6:41am
Quoting bchbch
The short @ 6440 towards the first target 6405 in sight. tp2 @ 6390. Will load the buy order @ 6350 for 6450 tomorow!
what makes you believe it will be "zigzaging" ?
I mean today / tomorrow being the same up/down range?
  • #280,777
  • Jun 7, 2011 6:59am Jun 7, 2011 6:59am
Quoting sphinx8
what makes you believe it will be "zigzaging" ?
I mean today / tomorrow being the same up/down range?

I agree this is the classic uptrend. Today its hit the range and i expect the pull back to go again north. Tomorrow no big new for cable and the big time frame close inside gives the room for south for a while. The 6350 buy limit is based on the chart. correct me if i wrong.
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  • #280,778
  • Jun 7, 2011 7:08am Jun 7, 2011 7:08am
Quoting sphinx8
what makes you believe it will be "zigzaging" ?
I mean today / tomorrow being the same up/down range?
yeah i'm not sure about your buy limit tbh - your short will be fine for a while; but that buy limit could be a risky move IMO. wait & see :/ unless your sure sure >>> 'classic' uptrend or not.
  • #280,779
  • Jun 7, 2011 7:15am Jun 7, 2011 7:15am
I think that the GBP will fall to 1.59 .. in the third wave down D1.imho.
  • #280,780
  • Jun 7, 2011 7:18am Jun 7, 2011 7:18am
Quoting Walker93
yeah i'm not sure about your buy limit tbh - your short will be fine for a while; but that buy limit could be a risky move IMO. wait & see :/ unless your sure sure >>> 'classic' uptrend or not.
Thanks mate. I will keep an eye on close below 6320 and cut my long and the fresh short will be below 6280 for 6150.
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