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Cable Update (GBPUSD)

  • #281,461
  • Jun 15, 2011 2:23am Jun 15, 2011 2:23am
Quoting avi907
good morning waiting to long there will be good news from Uk that's my opinion good luck everybody..
Same here....what could be the possible target?

I am targetting 1.6420
Trade responsiblypatience is the key/Swing trader
  • #281,462
  • Jun 15, 2011 2:23am Jun 15, 2011 2:23am
when market failed to hit 6326, just 1pip short, I got astonished as that is always my first cup of tea.....now amidst a very strong buying pressure am anticipating some few buys to allow market hit that price. I see how it goes
Keep the Lights on then you can catch the rise from the dark.
  • #281,463
  • Jun 15, 2011 2:28am Jun 15, 2011 2:28am
Quoting Incrediblle
Same here....what could be the possible target?

I am targetting 1.6420
yes my tp is 1.6425 it is good for intraday
  • #281,464
  • Jun 15, 2011 2:30am Jun 15, 2011 2:30am
Quoting bchbch
You are really good. Picking the right spot and came out. we will look to sell again in an hour... near 6380?

uhm
sincerely i went to the toilet and when came now price is 6360 in a strong push.....

i wait a bit to understand what happens
90% of traders use TA, indicators and prediction
  • #281,465
  • Jun 15, 2011 2:32am Jun 15, 2011 2:32am
Longs should be careful with 1.6355. I think this hour will close below. If it closes above, there are more hurdles in the higher 63xx. Dollar strength today...
Gone to a better place
  • #281,466
  • Jun 15, 2011 2:34am Jun 15, 2011 2:34am
Quoting avi907
yes my tp is 1.6425 it is good for intraday

6425?
possible but i still think will try to attack the 6300 line before again the 64's

who knows?
for the moment the push from 6330 has been strong.
lets see
90% of traders use TA, indicators and prediction
  • #281,467
  • Jun 15, 2011 2:36am Jun 15, 2011 2:36am
I am long here. I see big new coming in with in an hour, but I am long at 1.6357. Looking for 1.6417
Trade Like a Robot make money Like a Bank
  • #281,468
  • Jun 15, 2011 2:40am Jun 15, 2011 2:40am
Quoting avi907
good morning waiting to long there will be good news from Uk that's my opinion good luck everybody..

hello,
sorry the question, you mean YOU HOPE will be good news on claimant count or you mean YOU KNOW they will be?

anyway late NY session will be gov. King speaking. maybe will give some signs for interest rates ....
90% of traders use TA, indicators and prediction
  • #281,469
  • Jun 15, 2011 2:41am Jun 15, 2011 2:41am
G/M

1hr is in a classic opa dontrend from it's Hi of 6441 yesterday (area of the 4hr/daily descending trend line [s] and yesterday's Daily R1.) All pullbacks getting sold up to now..4hr remains bullish after printing a H yesterday at that 6441 daily hi. Both 100sma's remains below their 200sma's on these t/f's. The Daily candle printed a PB/Gravestone doji type candle. Rather subdued range too yesterday well below the 20day atr.

The current near-term screenshot below shows the 'main' potential supp/res/sbr/rbs factors and the blue/red zones are where a previous swing lo/hi co-existed with such on the 4hr.

Today's current Lo is @ the 50% of the recent 6212-said 6441 move. Area of 6300-04 is 61.8% of that move with Daily R2 and Weekly Pivot. 6253 is Daily R3.

Event Risk: Uk Employment data @ 0930am London

G/L
Attached Image (click to enlarge)
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ex member
  • #281,470
  • Jun 15, 2011 2:45am Jun 15, 2011 2:45am
Quoting _BBKing_
uhm
sincerely i went to the toilet and when came now price is 6360 in a strong push.....

i wait a bit to understand what happens
Yeah, that's why I set up wireless and bought lap-top
Now, I do not miss any price movements))))
  • #281,471
  • Jun 15, 2011 2:47am Jun 15, 2011 2:47am
Quoting _BBKing_
hello,
yesterday you were right on your analyze.
maybe i forgot to thank you about it, i was blindly searching only dips to buy (...)
a lot of eyes look at something better than only 2!
Good morning.
Any time you welcome. It always happen to everyone to search for something he wants. So I think this forum helps us to see the market from diff. perspective.

Have a nice trading
  • #281,472
  • Jun 15, 2011 2:48am Jun 15, 2011 2:48am
Quoting _BBKing_
hello,
sorry the question, you mean YOU HOPE will be good news on claimant count or you mean YOU KNOW they will be?

anyway late NY session will be gov. King speaking. maybe will give some signs for interest rates ....
just my opinion not a professional idea i am taking long positions for my own risk..
  • #281,473
  • Jun 15, 2011 2:50am Jun 15, 2011 2:50am
The Daily Pivot coincides with 61.8% of the 6429 - 6327 current daily lo move @ 6390/91...nice move up with all the clues on the 5min (from that 50% 6212-6441.

Immediate question is How strong are the bulls here ? Is this a pullback or serious recovery attempt at the 50% fib ?

G/L
Attached Image
ex member
  • #281,474
  • Jun 15, 2011 2:51am Jun 15, 2011 2:51am
Quoting slovforex
Yeah, that's why I set up wireless and bought lap-top
Now, I do not miss any price movements))))
Laptops too big, a phone does it for me
  • #281,475
  • Jun 15, 2011 2:51am Jun 15, 2011 2:51am
Quoting slovforex
Yeah, that's why I set up wireless and bought lap-top
Now, I do not miss any price movements))))
ok but it is risky... what if laptop fall into the wc?
90% of traders use TA, indicators and prediction
  • #281,476
  • Jun 15, 2011 2:52am Jun 15, 2011 2:52am
Quoting raz
I am long here. I see big new coming in with in an hour, but I am long at 1.6357. Looking for 1.6417
break thru 6366, with close above that price confirms me the long
Keep the Lights on then you can catch the rise from the dark.
  • #281,477
  • Jun 15, 2011 2:55am Jun 15, 2011 2:55am
uhm...
looks like a test

i still dont have a position.
Attached Image (click to enlarge)
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90% of traders use TA, indicators and prediction
  • #281,478
  • Jun 15, 2011 3:04am Jun 15, 2011 3:04am
Quoting avi907
just my opinion not a professional idea i am taking long positions for my own risk..

thank you for the reply!
same as yesterday both bulls n bears wins.
'only' need to watch out main levels
90% of traders use TA, indicators and prediction
  • #281,479
  • Jun 15, 2011 3:06am Jun 15, 2011 3:06am
Quoting _BBKing_
uhm...
looks like a test

i still dont have a position.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 161 KB
Hero calls followed by margin calls...
  • #281,480
  • Jun 15, 2011 3:12am Jun 15, 2011 3:12am
Quoting PhAnTi'
Attachment
hello mate could you pls give us the rsi indicator in your screen shot. its pretty impressing.
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