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Cable Update (GBPUSD)

  • #281,541
  • Jun 15, 2011 5:34am Jun 15, 2011 5:34am
My demo account down -334.34 I want to see how you guys trade now.
  • #281,542
  • Jun 15, 2011 5:42am Jun 15, 2011 5:42am
76.4% Monday Lo 6215 - current weekly hi 6441 and 100% extension of yesterday's range is the current daily lo...just below 76.4% of Friday Lo - current weekly hi 6212-6441...just below here a previous 1hr swing hi/lo zone with Daily S3.

So 1hr classic opa downtrend intact, 4hr could still print a HL so long as 6212 remains intact, this following it's 6441 H...pretty bearish overall intraday though so far...U.s data is next known event risk.

Just closed out a long for handful of pips -anemic pullback,! 1min 3min and 5min regular bullish div play at the lo - taken on the 1min, 3min shown below.

Final look at 1hr below, Finsihing here for session,

G/L
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ex member
  • #281,543
  • Jun 15, 2011 5:56am Jun 15, 2011 5:56am
anyone into longterm trades on GU? seems only daily traders here
  • #281,544
  • Jun 15, 2011 6:00am Jun 15, 2011 6:00am
Hit the take profit @ 6250. 50 pips from this trade total 110pips today. i am closing the trade for today. best of luck to all holding the short. still have some left in down side till friday low.
  • #281,545
  • Jun 15, 2011 6:20am Jun 15, 2011 6:20am


buy limit triggered 6250
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  • #281,546
  • Jun 15, 2011 6:21am Jun 15, 2011 6:21am
Quoting bchbch
Hit the take profit @ 6250. 50 pips from this trade total 110pips today. i am closing the trade for today. best of luck to all holding the short. still have some left in down side till friday low.

good for you!
im still trading until end of NY session

already in good profits!
lets see where day ends
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  • #281,547
  • Jun 15, 2011 6:22am Jun 15, 2011 6:22am
Quoting _BBKing_


buy limit triggered 6250

cutting 1/3 and movig stops tight below entry
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  • #281,548
  • Jun 15, 2011 6:22am Jun 15, 2011 6:22am
Quoting _BBKing_


buy limit triggered 6250
ok,any reasons for that and whats your tp?
  • #281,549
  • Jun 15, 2011 6:23am Jun 15, 2011 6:23am
Quoting _BBKing_


buy limit triggered 6250
same here, hopefully it will not close below 6220 and will turn step by step
TP @ min 1.64, will sleep it thru if it dips below 62 in the meantime
  • #281,550
  • Jun 15, 2011 6:32am Jun 15, 2011 6:32am
Quoting _BBKing_
cutting 1/3 and movig stops tight below entry
its like we trending on same eyes bbking, I had noticed the pullback initially @6266 but further PA brought to 6245 am on +pips here soon will be act cuz sellers planning to crowd the market from my analysis owing to speculation on us data. Safe Trending with u
Keep the Lights on then you can catch the rise from the dark.
  • #281,551
  • Jun 15, 2011 6:42am Jun 15, 2011 6:42am
out +22
will reload later
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  • #281,552
  • Jun 15, 2011 6:45am Jun 15, 2011 6:45am
Quoting forexwizard
ok,any reasons for that and whats your tp?

sure!
i always pick a position with a reason
i picked an extreme level in h4 where price would have reversed of at least 15-20 pips

target was 6290
but as this strong down move still strong, i already closed for nice 22 pips

now lets see what happens in NY session
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  • #281,553
  • Jun 15, 2011 6:52am Jun 15, 2011 6:52am
Quoting ricmaj
its like we trending on same eyes bbking, I had noticed the pullback initially @6266 but further PA brought to 6245 am on +pips here soon will be act cuz sellers planning to crowd the market from my analysis owing to speculation on us data. Safe Trending with u


NY session i expect not so much moves on GU, but lets see, who knows?
main event now for gbp is later with gov.King speaking!
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  • #281,554
  • Jun 15, 2011 6:54am Jun 15, 2011 6:54am
Quoting _BBKing_
sure!
i always pick a position with a reason
i picked an extreme level in h4 where price would have reversed of at least 15-20 pips

target was 6290
but as this strong down move still strong, i already closed for nice 22 pips

now lets see what happens in NY session
Alright,i am not questioning your decision,but i see it as an opportunity to learn especially from some one like you(whom i respect).

I will be short for 20pips if the present 15min candle closes below .6245

thanks
  • #281,555
  • Jun 15, 2011 7:02am Jun 15, 2011 7:02am
Quoting forexwizard
Alright,i am not questioning your decision,but i see it as an opportunity to learn especially from some one like you(whom i respect).

I will be short for 20pips if the present 15min candle closes below .6245

thanks
thank you for nice words!
i also have every day something to learn from every one!

as i remember was since 1 year i did not put a limit order against such a strong trend.
last time i did it, went no so good................................................
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  • #281,556
  • Jun 15, 2011 7:04am Jun 15, 2011 7:04am
Quoting sphinx8
same here, hopefully it will not close below 6220 and will turn step by step
TP @ min 1.64, will sleep it thru if it dips below 62 in the meantime

uhm
sincerely i closed it coz PA not really let me think on immediate reverse up...

lets see if gives a consolidation here 6250 area
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  • #281,557
  • Jun 15, 2011 7:13am Jun 15, 2011 7:13am
imo some of these 3 levels price should stop and consolidate.

6246 going away while writing

i had a buy limit last week in 6170
time to reload it?
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  • #281,558
  • Jun 15, 2011 7:19am Jun 15, 2011 7:19am
Quoting _BBKing_
imo some of these 3 levels price should stop and consolidate.

6246 going away while writing

i had a buy limit last week in 6170
time to reload it?
wow, cograts onyour +4V and rising, I believe it was none a while ago

where does the 6170 comes from? can't really match to anything on my H4
  • #281,559
  • Jun 15, 2011 7:23am Jun 15, 2011 7:23am
Core CPI m/m

TIC Long-Term Purchases
which will bring more violatility, am not seeing much surprises with the news base on technical analysis. GBP has found no solid buying grounding
Keep the Lights on then you can catch the rise from the dark.
  • #281,560
  • Jun 15, 2011 7:27am Jun 15, 2011 7:27am
Quoting sphinx8
wow, cograts onyour +4V and rising, I believe it was none a while ago

where does the 6170 comes from? can't really match to anything on my H4
tks mate
its on daily
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