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Cable Update (GBPUSD)

  • #281,661
  • Jun 16, 2011 2:50am Jun 16, 2011 2:50am
speaking of divergence a great 30min hidden div play at that previous 1hr/4hr/daily swing lo earlier.

Price testing bottom of that previous 4hr swing lo now around Weekly S1.

G/L
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ex member
  • #281,662
  • Jun 16, 2011 3:04am Jun 16, 2011 3:04am
Quoting bbmac
speaking of divergence a great 30min hidden div play at that previous 1hr/4hr/daily swing lo earlier.

Price testing bottom of that previous 4hr swing lo now around Weekly S1.

G/L

gosh you are right!
thank you!!
90% of traders use TA, indicators and prediction
  • #281,663
  • Jun 16, 2011 3:05am Jun 16, 2011 3:05am
Good morning to GMT people, The pair are fighting to show which is worse for the moment; and I think the bigger loser would be Cable. If we get good data from retail sales things might change but the forecsts are pesimistic and that might help a support at .6000. It's going to be interesting to see data for Unemployment Claims and Building Permits from US. I went short at .6151
  • #281,664
  • Jun 16, 2011 3:12am Jun 16, 2011 3:12am
Nice regular bullish divergence plays at bottom of that previous 4hr swing lo/weekly s1...5min shown below (regular sequential bullish div) as the trigger on close of the IPB candle.

Uk data in 20mins or so.

G/L
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ex member
  • #281,665
  • Jun 16, 2011 3:17am Jun 16, 2011 3:17am
The 4hr previous swing lo is shown below; look how price left that area previously to create the near-term obvious fractal swing lo on this t/f...big imbalance of demand/supply.

G/L
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ex member
  • #281,666
  • Jun 16, 2011 3:17am Jun 16, 2011 3:17am
Quoting vvkkrish
Hi,

I am following this thread for the past 6 months. After loosing my initial account balances, I learned something in trading and I am bit confident now. Hopefully I can do better now.

took short entry @6167 targeting 6060 SL 6230
Closed@ 6140 prev H4 low...waiting for the news
  • #281,667
  • Jun 16, 2011 3:24am Jun 16, 2011 3:24am
buy stop 6180-6218?
90% of traders use TA, indicators and prediction
  • #281,668
  • Jun 16, 2011 3:25am Jun 16, 2011 3:25am
GBP/USD remain bearish, the news might push it lower.
ALSO USD news seem stable later in the day.

My EA is shorting. Going to let him do
  • #281,669
  • Jun 16, 2011 3:26am Jun 16, 2011 3:26am
by the way, hi everybody.
  • #281,670
  • Jun 16, 2011 3:31am Jun 16, 2011 3:31am
Quoting Praga
GBP/USD remain bearish, the news might push it lower.
ALSO USD news seem stable later in the day.

My EA is shorting. Going to let him do
news did push lower, now see if it momentarily or it fuels the move down.
  • #281,671
  • Jun 16, 2011 3:34am Jun 16, 2011 3:34am
first take profit hit at 6120
  • #281,672
  • Jun 16, 2011 3:35am Jun 16, 2011 3:35am
The Greek Prime Minster George Papandreou said he would resort to a vote of confidence.

AHAH European politics. So unstable.


Risk currency are doing bad, looks like the SAFE currency are in the green today.

happy trading all.
  • #281,673
  • Jun 16, 2011 3:36am Jun 16, 2011 3:36am
Quoting Praga
news did push lower, now see if it momentarily or it fuels the move down.
I think it will push further. That was a nice quick drop to 6100
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  • #281,674
  • Jun 16, 2011 3:37am Jun 16, 2011 3:37am
Hey Praga
------------------

Bearish knee-jerk reaction to the -1.4% Uk retail sales (-0.5% forecast against +1.1% prev month) Finding some demand at 6112 now...I have this as Daily S1 on some feeds and 6103 on others...

G/L
ex member
  • #281,675
  • Jun 16, 2011 3:39am Jun 16, 2011 3:39am
Depends on the feed but post data low anywhere from 6105-6112, I have Monthly S1 anywhere between 6105-6090....and below here that previous 4hr/daily swing lo extending to 6057 moves into view.

G/L
ex member
  • #281,676
  • Jun 16, 2011 3:53am Jun 16, 2011 3:53am
Current post data daily Lo is @ those daily ascending trend lines discussed earlier.

G/L
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ex member
  • #281,677
  • Jun 16, 2011 3:58am Jun 16, 2011 3:58am
i take a day off....
will popup later if i see something good!

have a good day you all
90% of traders use TA, indicators and prediction
  • #281,678
  • Edited 4:00am Jun 16, 2011 3:59am | Edited 4:00am
Quoting _BBKing_
i take a day off....
will popup later if i see something good!

have a good day you all
Yeah i'm taking a break also

It's been going good on the market for me. Just have to let it run now.

Thinking of getting sushi today.

see you later king
  • #281,679
  • Jun 16, 2011 4:02am Jun 16, 2011 4:02am
Finishing own trading session here

Final look to the downside summarised as under

a. 6112 Current Daily Lo / Daily S1 area/Daily ascending trend line
b. 4hr/daily swing lo zone extending down to that 6057 swing Lo and in here Monthly S1 @/around 6091.
c. Weekly S2 is just below this zone @/around 6045, with 50% 5343-6746 @ 6043
d. Daily S2 @/around 6028 with 50% 5290-6746 @ 6020
e. Previous 4hr swing lo zone running down to 5970 with 76.4% 5745-6746 @ 5980

May pop in later to see what I missed/update charts.

G/L
ex member
  • #281,680
  • Jun 16, 2011 4:04am Jun 16, 2011 4:04am
Quoting bbmac
Finishing own trading session here

Final look to the downside summarised as under

a. 6112 Current Daily Lo / Daily S1 area/Daily ascending trend line
b. 4hr/daily swing lo zone extending down to that 6057 swing Lo and in here Monthly S1 @/around 6091.
c. Weekly S2 is just below this zone @/around 6045, with 50% 5343-6746 @ 6043
d. Daily S2 @/around 6028 with 50% 5290-6746 @ 6020
e. Previous 4hr swing lo zone running down to 5970 with 76.4% 5745-6746 @ 5980

May pop in later to see what I missed/update charts.

G/L
see you late mac
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