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Cable Update (GBPUSD)

  • #281,681
  • Jun 16, 2011 5:34am Jun 16, 2011 5:34am
strong support at 6102 it bounced back for the 3rd time
  • #281,682
  • Jun 16, 2011 5:54am Jun 16, 2011 5:54am
Buy @ 1.6109, SL @ 1.6075 and TP @ 1.6150.
Trade what you see. Write what you feel
  • #281,683
  • Jun 16, 2011 6:29am Jun 16, 2011 6:29am
Quoting e_piz
Buy @ 1.6109, SL @ 1.6075 and TP @ 1.6150.
gl
daily trend is broken, check it out
Lets Soar The Sky
  • #281,684
  • Jun 16, 2011 6:54am Jun 16, 2011 6:54am
Quoting soartosky
gl
daily trend is broken, check it out
Yea.. move my SL at + 2pip previously.. got hit. Will wait till next move.
Trade what you see. Write what you feel
  • #281,685
  • Jun 16, 2011 7:01am Jun 16, 2011 7:01am
How do you guys feel about the data coming from US in app. 30mins?
  • #281,686
  • Jun 16, 2011 7:04am Jun 16, 2011 7:04am
Quoting ozgurerisir
How do you guys feel about the data coming from US in app. 30mins?

From my point of view, this week is favorable to US. Will see retracement on G/U next week the earliest from my opinion. Just trade safe if you going against trend this week.
Trade what you see. Write what you feel
  • #281,687
  • Jun 16, 2011 7:08am Jun 16, 2011 7:08am
Short the GBP/USD mate irrespective of the direction of the US reports. target 1.6080. Break there should traget 1.5976. The economic report from the UK is showing a very dismal state for the country and GBP/USD should never have gone up at all during the week apart from the optimizim factor.

Short is the way just now.




Magbrr
  • #281,688
  • Jun 16, 2011 7:17am Jun 16, 2011 7:17am
Quoting magbrr
Short the GBP/USD mate irrespective of the direction of the US reports. target 1.6080. Break there should traget 1.5976. The economic report from the UK is showing a very dismal state for the country and GBP/USD should never have gone up at all during the week apart from the optimizim factor.

Short is the way just now.




Magbrr
Thanks for that G/L
  • #281,689
  • Jun 16, 2011 7:18am Jun 16, 2011 7:18am
Quoting magbrr
Short the GBP/USD mate irrespective of the direction of the US reports. target 1.6080. Break there should traget 1.5976. The economic report from the UK is showing a very dismal state for the country and GBP/USD should never have gone up at all during the week apart from the optimizim factor.

Short is the way just now.




Magbrr
totally agree!!!
Lets Soar The Sky
  • #281,690
  • Jun 16, 2011 7:31am Jun 16, 2011 7:31am
Guys,

Can you recommend me best Fibo script available which will draw the fibo automatically. My current script keep changing colors when changing timeframe which is very annoying.

Thanks in advance.
Trade what you see. Write what you feel
  • #281,691
  • Jun 16, 2011 7:53am Jun 16, 2011 7:53am
if you like pips. 400 pips for you ! enjoy your meal...
i book some profit, and the remaining is still running...

follow my journal
http://www.forexfactory.com/showthre...254704&page=56

cheers
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  • #281,692
  • Jun 16, 2011 8:15am Jun 16, 2011 8:15am
buy stop on 6138 targeting 6238

otherwise 6094 targeting 5994 tight stop losses

Safe trending
Keep the Lights on then you can catch the rise from the dark.
  • #281,693
  • Jun 16, 2011 8:44am Jun 16, 2011 8:44am
dailyking

the account you add is demo. am i right?
  • #281,694
  • Jun 16, 2011 8:51am Jun 16, 2011 8:51am
i noticed m5-m15
need a breake above, then a confirmation of support.
if holds possible to see going up to 6150-6170

patience.
lets see what price does
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90% of traders use TA, indicators and prediction
  • #281,695
  • Jun 16, 2011 8:59am Jun 16, 2011 8:59am
Quoting _BBKing_
i noticed m5-m15
need a breake above, then a confirmation of support.
if holds possible to see going up to 6150-6170

patience.
lets see what price does

i forgot....
a fail of braking above and/or consolidtion of support,
would mean ticket for the 60's (n 59's for tomorrow.... ??)
90% of traders use TA, indicators and prediction
  • #281,696
  • Jun 16, 2011 9:00am Jun 16, 2011 9:00am
Quoting _BBKing_
if anyone interested there is a kind of H&S in gbpchf h1...

90% of traders use TA, indicators and prediction
  • #281,697
  • Jun 16, 2011 9:04am Jun 16, 2011 9:04am
another epic fail.
be careful on buys imo.

philly manufact bad...
risk aversion?

lets see
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90% of traders use TA, indicators and prediction
  • #281,698
  • Edited 9:26am Jun 16, 2011 9:09am | Edited 9:26am
Just back at desk to see what I missed after own trading session ended earlier.

Price fall continued to the previous 4hr/daily swinng lo zone that extends down to the 6057 Lo, here some demand has been found.

Price so far today at 108% of the 20day atr, 117% of the 20week atr, so not surprised by the pullback to a pullback hi of the 38.2% of the daily fall so far ie 6225-6077.

1hr/4hr remain in a classic opa downtrend, 4hr printing it's 2nd LL. Daily T/f broke out of it's last L with yesterday's close and has too printed a LL after 2 x LH's.

Near-term and below current Lo this previous 4hr/daily swing lo extends to said 6057. Weekly S2 is just below this zone @/around 6045, with 50% 5343-6746 @ 6043. Daily S2 is @/around 6028 with 50% 5290-6746 @ 6020, then a Previous 4hr swing lo zone running down to 5970 with 76.4% 5745-6746 @ 5980.

6546, 6470, 6441 and 6225 - current 6077 Lo are probably moves of the near-term upside fibs that matter.

G/L
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ex member
  • #281,699
  • Jun 16, 2011 9:12am Jun 16, 2011 9:12am
Quoting _BBKing_
i forgot....
a fail of braking above and/or consolidtion of support,
would mean ticket for the 60's (n 59's for tomorrow.... ??)
Each time you have your charts here they always corresponding with my trading strategies for some +pips and am liking it, 6138 is my sure confirmation for Buy to the 6150/62XX. nice trading patterns we need to see them often
Keep the Lights on then you can catch the rise from the dark.
  • #281,700
  • Jun 16, 2011 9:18am Jun 16, 2011 9:18am
http://www.bloomberg.com/news/2011-0...ro-credit.html

Interesting !
ex member
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