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Cable Update (GBPUSD)

  • #281,341
  • Jun 14, 2011 6:01am Jun 14, 2011 6:01am
Quoting ricmaj
wow so we are trending same today.....making the pips on that price is good business. Indeed you are having Safe Trades

i still think more up above 6400
need now to brake the 6410
90% of traders use TA, indicators and prediction
  • #281,342
  • Jun 14, 2011 6:04am Jun 14, 2011 6:04am
more sure of the 6411 break that will see price up to 6440-90 area. rumours are every on datas expected on USD
Keep the Lights on then you can catch the rise from the dark.
  • #281,343
  • Jun 14, 2011 6:16am Jun 14, 2011 6:16am
interesting move 6393 - 6399 few seconds before m1-m5-m15 candle closing
90% of traders use TA, indicators and prediction
  • #281,344
  • Jun 14, 2011 6:29am Jun 14, 2011 6:29am
Sorry for the Bulls here, but i'm shorting this pair. (GBPUSD).
1) Don't see any clear reason going up, numbers were slightly less then expected and this might give us some clue that there is no reason to anticipate a rate hike from the BOE soon.
2) 76% fib is a nice resistance. Looks like it didn't break.
3) Most important, coz i feel like shorting (no actually my EA shorted a while ago and i wanted to reinforce my position)


Happy trading
  • #281,345
  • Jun 14, 2011 6:30am Jun 14, 2011 6:30am
Quoting Praga
Sorry for the Bulls here, but i'm shorting this pair. (GBPUSD).
1) Don't see any clear reason going up, numbers were slightly less then expected and this might give us some clue that there is no reason to anticipate a rate hike from the BOE soon.
2) 76% fib is a nice resistance. Looks like it didn't break.
3) Most important, coz i feel like shorting (no actually my EA shorted a while ago and i wanted to reinforce my position)


Happy trading
good luck bro, i am short for 5 hours lets wait and see
  • #281,346
  • Jun 14, 2011 6:34am Jun 14, 2011 6:34am
i leave
will come back some hours after the USA retail sales

good luck for all
90% of traders use TA, indicators and prediction
  • #281,347
  • Jun 14, 2011 6:34am Jun 14, 2011 6:34am
Quoting Praga
Sorry for the Bulls here, but i'm shorting this pair. (GBPUSD).
1) Don't see any clear reason going up, numbers were slightly less then expected and this might give us some clue that there is no reason to anticipate a rate hike from the BOE soon.
2) 76% fib is a nice resistance. Looks like it didn't break.
3) Most important, coz i feel like shorting (no actually my EA shorted a while ago and i wanted to reinforce my position)


Happy trading
I agree with you totally, this what i'm trying to say 3hours ago to be cautious as the zone of 6440- 6465 is a supply zone. However, the news of USD may affect. So it's good to wait and see and then safe follow the PA.

Good Luck for all.
  • #281,348
  • Jun 14, 2011 7:04am Jun 14, 2011 7:04am
As it fails for two hours to close below 1.6395. So consideration must be taken to be more careful especially that 1.6395 is 100% FIB ext.
So if volatility is seen at time of USD session upward above this price so we are long. However if volatility is seen under 1.6395 so we are bearish,

The below charts clarifies the FIB ext. of 1.38 - 1.5 -and 1,68.

GL
Attached Image (click to enlarge)
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  • #281,349
  • Jun 14, 2011 7:04am Jun 14, 2011 7:04am
News in 27minutes lets see wat happens.
Keep the Lights on then you can catch the rise from the dark.
  • #281,350
  • Jun 14, 2011 7:32am Jun 14, 2011 7:32am
it's time to short now, with first target 1.6350 and 1.6250 and SL 1.6445

GL
  • #281,351
  • Jun 14, 2011 7:37am Jun 14, 2011 7:37am
Quoting Pkurdy
it's time to short now, with first target 1.6350 and 1.6250 and SL 1.6445

GL
why?
90% of traders use TA, indicators and prediction
  • #281,352
  • Jun 14, 2011 7:38am Jun 14, 2011 7:38am
Quoting Pkurdy
it's time to short now, with first target 1.6350 and 1.6250 and SL 1.6445

GL
Any reasons for your action?
  • #281,353
  • Jun 14, 2011 7:41am Jun 14, 2011 7:41am
Quoting _BBKing_
why?
because of good news for US ? or else ?

Geee... maybe..
  • #281,354
  • Jun 14, 2011 7:44am Jun 14, 2011 7:44am
no clear signal for short yet. until the hourly close below 6360 its buy on dip. i wont short here.
  • #281,355
  • Jun 14, 2011 7:47am Jun 14, 2011 7:47am
usa data are better than expected

market can react in a 'risk on' mode
let market decide.

and follow it
90% of traders use TA, indicators and prediction
  • #281,356
  • Jun 14, 2011 7:47am Jun 14, 2011 7:47am
From the last 4 hour candle the current one if close below the low of last 4hr candle i will start looking to short until will wait.
  • #281,357
  • Jun 14, 2011 7:48am Jun 14, 2011 7:48am
Quoting _BBKing_
why?
Since the announcement, there are no effect with volatility to push GU, as this zon e is a supply zone. However there is a downward pressure.
Second, we are 10 hours in a consolidation zone.
Any way let's see.

GL
  • #281,358
  • Jun 14, 2011 7:56am Jun 14, 2011 7:56am
I remember almost 2 years ago, when somebody would have a different opinion then the mainstream, people start telling he is a complete moron. Reason why i stop for a long time looking in this forum. But things have change. More mutual respect for people 's opinion.

Anyway.

GBP/USD is too weak to push up.
  • #281,359
  • Jun 14, 2011 7:59am Jun 14, 2011 7:59am
short GU, what is the rationable TP for the next 5 hours?
  • #281,360
  • Jun 14, 2011 8:00am Jun 14, 2011 8:00am
1.6416 is a retracement of 61.8 FIB level and also FIB ext. 100% in a 5M time frame
Attached Image (click to enlarge)
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