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Cable Update (GBPUSD)

  • #281,301
  • Jun 14, 2011 3:37am Jun 14, 2011 3:37am
Uk Cpi/Rpi as last mth and forecast, Core Cpi y/y lessens to 3.3% and DCLG HPI less than last mth/forecast 0.9/1.2% coming in @ -0.3%...knee-jerk rise saw price test area of current daily hi where it quickly found supply.

G/L
ex member
  • #281,302
  • Jun 14, 2011 3:39am Jun 14, 2011 3:39am
Quoting sphinx8
nowhere so far, but look at that spike, what a sting

but due to post 2008 trends bad news means up and vice versa
lets go 1.45
r u anticipating GBP to get upto 1.45XX emmmmmmm, Safe Trade Laffs. That Sting was to allow a further reload of the bulls, uptrend still intact.
Keep the Lights on then you can catch the rise from the dark.
  • #281,303
  • Jun 14, 2011 3:39am Jun 14, 2011 3:39am
previous 1hr swing hi , 23.6% 6212-6440, 61.8% 6354-6440 the current pullback lo.

G/L
ex member
  • #281,304
  • Jun 14, 2011 3:40am Jun 14, 2011 3:40am
Can somebody englighten me of why there is still pple who dare to go long with this kind of data??
Dont clearly understand??
  • #281,305
  • Jun 14, 2011 3:40am Jun 14, 2011 3:40am
am buying with this dip
Keep the Lights on then you can catch the rise from the dark.
  • #281,306
  • Jun 14, 2011 3:40am Jun 14, 2011 3:40am
inflation. debt. bad data. ireland problems. bear.
trading is my zen
  • #281,307
  • Jun 14, 2011 3:43am Jun 14, 2011 3:43am
Quoting ricmaj
r u anticipating GBP to get upto 1.45XX emmmmmmm, Safe Trade Laffs. That Sting was to allow a further reload of the bulls, uptrend still intact.
sorry got messed up with EU, sure I ment .645
  • #281,308
  • Jun 14, 2011 3:44am Jun 14, 2011 3:44am
Quoting izzas
Can somebody englighten me of why there is still pple who dare to go long with this kind of data??
Dont clearly understand??
cuz bad data means up that is the latest fashion, really
and also everybody knows this shit data already so it is well priced in
  • #281,309
  • Jun 14, 2011 3:45am Jun 14, 2011 3:45am
Quoting bchbch
The up coming news abt cable seems negative so before the news the bull taking advantage and one say this as bull trap... will see the bear appear after the news. lets wait...
As expected we saw the bull trap just after the news. now close eye on the hourly close below the 6360 to conform the top has been formed at daily high. waiting shorts below the 6360 for target 6260.
  • #281,310
  • Jun 14, 2011 3:45am Jun 14, 2011 3:45am
The overall trechnical situation to 4hr is bullish, some bullih signs on daily too, and intraday this has continued...one piece of data may or may not change that on it's own ? I guess some traders will go with the tech situation/current intraday sentiment ?

G/L

Quoting izzas
Can somebody englighten me of why there is still pple who dare to go long with this kind of data??
Dont clearly understand??
ex member
  • #281,311
  • Jun 14, 2011 3:46am Jun 14, 2011 3:46am
Quoting bchbch
As expected we saw the bull trap just after the news. now close eye on the hourly close below the 6360 to conform the top has been formed at daily high. waiting shorts below the 6360 for target 6260.
smart, me likey!
trading is my zen
  • #281,312
  • Jun 14, 2011 3:46am Jun 14, 2011 3:46am
Quoting josef
Hello!

Back to trading after a long weekend.

And I bet on up trend today.

Good luck.
Bad beginning of my trading week.
  • #281,313
  • Jun 14, 2011 3:50am Jun 14, 2011 3:50am
Quoting bchbch
As expected we saw the bull trap just after the news. now close eye on the hourly close below the 6360 to conform the top has been formed at daily high. waiting shorts below the 6360 for target 6260.
Looks good
Come with me if you want to live....
  • #281,314
  • Jun 14, 2011 3:55am Jun 14, 2011 3:55am
Quoting izzas
Can somebody englighten me of why there is still pple who dare to go long with this kind of data??
Dont clearly understand??
daily weekly trend up, massive move yesterday with whole of europe on holiday says alot. The pro's know the news weeks in advance of us. No reason to look for sells for me unless i see a change of trend, buy on dips.
  • #281,315
  • Jun 14, 2011 3:55am Jun 14, 2011 3:55am
Quoting bbmac
The overall trechnical situation to 4hr is bullish, some bullih signs on daily too, and intraday this has continued...one piece of data may or may not change that on it's own ? I guess some traders will go with the tech situation/current intraday sentiment ?

G/L
owh, so it doesnt really matter whether the data is bad or not isn't
nice...
Thnks dude, really appreciates it
  • #281,316
  • Jun 14, 2011 3:58am Jun 14, 2011 3:58am
Quoting bbmac
The overall trechnical situation to 4hr is bullish, some bullih signs on daily too, and intraday this has continued...one piece of data may or may not change that on it's own ? I guess some traders will go with the tech situation/current intraday sentiment ?

G/L
Good point, 4hr daily an weekly are trending up, one lil news is not gona change much imo. Your analysis is good my friend, too many gamblers in this forum tho its mad.
  • #281,317
  • Jun 14, 2011 4:01am Jun 14, 2011 4:01am
If your new to trading, you cant go wrong in technicals, fundamentals are priced in from weeks before announced. The only reason u get spikes on news is because there are less traders with open positions so the market is easier to move for the pro's. So they can position them selfs better.

Before a big news announcement either close your trade or just make sure u have your stop on. Technicals never lie. News does.
  • #281,318
  • Jun 14, 2011 4:13am Jun 14, 2011 4:13am
Just to be clear, I didn't say it doesn't matter, I said that one piece of data may or may turn out to be the thing that turns the current tech situation up to 4hr...time will tell, ie the market may decide it does or does not..as a tech trader it's all in the charts anyways (or not.)

G/L

Quoting izzas
owh, so it doesnt really matter whether the data is bad or not isn't
nice...
Thnks dude, really appreciates it
ex member
  • #281,319
  • Jun 14, 2011 4:15am Jun 14, 2011 4:15am
Quoting bchbch
As expected we saw the bull trap just after the news. now close eye on the hourly close below the 6360 to conform the top has been formed at daily high. waiting shorts below the 6360 for target 6260.
The biggest trap was laid last Friday. HTF charts on cable suggest more upside atm

Good luck.
Thank You
  • #281,320
  • Jun 14, 2011 4:18am Jun 14, 2011 4:18am
tight stop and got trapped with the bull swing, now nothing's moving, pack with -28pips. this sux
Lets Soar The Sky
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