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Cable Update (GBPUSD)

  • #281,721
  • Jun 16, 2011 12:02pm Jun 16, 2011 12:02pm
Quoting _BBKing_
will that 6080 hold again?
a daily closing below 6100?

pfffff

waiting for that 6080 for some time; sorry bullish lot
  • #281,722
  • Jun 16, 2011 12:03pm Jun 16, 2011 12:03pm
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  • #281,723
  • Jun 16, 2011 12:05pm Jun 16, 2011 12:05pm
Quoting _BBKing_

if you think im crazy.....
don't look at the right of the screen,

LOOK AT THE LEFT!.

if UK won't find a way to substain it, that is where we will see gbpusd soon.
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  • #281,724
  • Jun 16, 2011 12:07pm Jun 16, 2011 12:07pm
Quoting _BBKing_
if you think im crazy.....
don't look at the right of the screen,

LOOK AT THE LEFT!.

if UK won't find a way to substain it, that is where we will see gbpusd soon.

are you saying price going back up? I've been pounding the pound all day long..........long long long......currently long 6BU1 futures at 1.6095 2 contracts......1.6200 target
I don't trust any move - when you have profit...take it.
  • #281,725
  • Jun 16, 2011 12:11pm Jun 16, 2011 12:11pm
and then...
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  • #281,726
  • Jun 16, 2011 12:13pm Jun 16, 2011 12:13pm
and last.
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  • #281,727
  • Jun 16, 2011 12:18pm Jun 16, 2011 12:18pm
Quoting Faller
are you saying price going back up? I've been pounding the pound all day long..........long long long......currently long 6BU1 futures at 1.6095 2 contracts......1.6200 target

hello,
i say that technically the way taken is to go for 59 area then 53 then 48.
fundamentally what is today or next week a reason to see again gbp into the uptrend channel?

as my experience when a move like this start, better follow it instead of thinkin on a reversal as "it is too much down".
then hourly all is possible. i also think on a test of 6180
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  • #281,728
  • Jun 16, 2011 12:19pm Jun 16, 2011 12:19pm
Quoting _BBKing_
and last.

so the arrow down means that the price is going down.....is that some sort of a voodoo witch craft thing.....point and arrow down and price will go down? All the news is out......there was a really nice test at 1.6060 (on the futures).......held nice......Macd is pointing up....stochs or pointing up....P.A. is proper for this time of day........P.A. is what you want to watch.....and currently P.A. is moving up.......1.6200 is target.
I don't trust any move - when you have profit...take it.
  • #281,729
  • Jun 16, 2011 12:23pm Jun 16, 2011 12:23pm
Quoting _BBKing_
hello,
i say that technically the way taken is to go for 59 area then 53 then 48.
fundamentally what is today or next week a reason to see again gbp into the uptrend channel?

as my experience when a move like this start, better follow it instead of thinkin on a reversal as "it is too much down".
then hourly all is possible. i also think on a test of 6180

I appreciate your well written response.......
I don't trust any move - when you have profit...take it.
  • #281,730
  • Jun 16, 2011 12:33pm Jun 16, 2011 12:33pm
Always nice to see MTFs in alignment which often
adds to the energy and magnitude of movement.

Dr. D.
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  • #281,731
  • Jun 16, 2011 12:38pm Jun 16, 2011 12:38pm
Quoting Faller
are you saying price going back up? I've been pounding the pound all day long..........long long long......currently long 6BU1 futures at 1.6095 2 contracts......1.6200 target
Cheers to all that followed on that trade entry.....1.6095 entry on futures pricing.....so far 35 pips in 30 mins....

keep it moving....

cheers to all..
I don't trust any move - when you have profit...take it.
  • #281,732
  • Jun 16, 2011 1:17pm Jun 16, 2011 1:17pm
im studying very interested PA near 6150

6150-6180 resistance area being protected.

extension possible till 6200-6220

question is: who or what is moving market this time of the day? not so usual thing
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  • #281,733
  • Jun 16, 2011 1:25pm Jun 16, 2011 1:25pm
don't forget this
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  • #281,734
  • Jun 16, 2011 1:57pm Jun 16, 2011 1:57pm
just a little correction to be take out by Asia or London tomorrow? or the bottom is "sealed and touched" and up we go next week?
  • #281,735
  • Jun 16, 2011 2:21pm Jun 16, 2011 2:21pm
While trading the cable, i noticed an unusual spike from the 15m down to the 1m on EU. Attached is the chart.

I hope no one got their SL stopped out by the spike/shakeout by the big greedy bank(s). I hate when they do this. Luckily I was not a victim. But before I quit my bad trading habits, I always always became a victim of stronger position traders doing this shit. ugh

Trade safe all.
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  • #281,736
  • Jun 16, 2011 2:23pm Jun 16, 2011 2:23pm
Quoting PipPipPip
What do you guys think of this area as a good area to see a big move?

I attached a chart with a box circled at background around may. it was here for almost a week. I am looking for this area to either break or reject. critical area.
Currently holding position.
  • #281,737
  • Jun 16, 2011 2:34pm Jun 16, 2011 2:34pm
Quoting _BBKing_
im studying very interested PA near 6150

6150-6180 resistance area being protected.

extension possible till 6200-6220

question is: who or what is moving market this time of the day? not so usual thing
The move at around this time was also unusual for the eu and es. EU is now looking bullish imho. The cable was a bit more sluggish, until the end of the trading day, and still manage to crawl back up to its resistance level. Today could be a shake out of weak positions imho. We'll see what tomorrow brings.

imo, i see tomorrow an up day.

GL all
  • #281,738
  • Jun 16, 2011 9:42pm Jun 16, 2011 9:42pm
Quoting PipPipPip
While trading the cable, i noticed an unusual spike from the 15m down to the 1m on EU. Attached is the chart.

I hope no one got their SL stopped out by the spike/shakeout by the big greedy bank(s). I hate when they do this. Luckily I was not a victim. But before I quit my bad trading habits, I always always became a victim of stronger position traders doing this shit. ugh

Trade safe all.

hello
i think big flows took long near 6100 and took out near 6171 then went short near 6171 and still into.
100% virtual intelligence imo...
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  • #281,739
  • Jun 16, 2011 9:46pm Jun 16, 2011 9:46pm
1.6050 is

. 50% fibo of main daily move
. ema200 daily
. peak/bottom in daily chart
. bit above 6000 pshyco level

lets see

im not into any trade at the moment, still searchin an entry, i would like to be here when price was near 6170 building H&S in m5-m15 chart
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  • #281,740
  • Jun 16, 2011 10:05pm Jun 16, 2011 10:05pm
Quoting PipPipPip
Currently holding position.
about that area in my charts looks a bit different, maybe due to different broker.
anyway, i think it is a different pattern. previous was a 'usual' move downward, while now price went very steep from 64's.

its also true that 6280 and 6250 and 6220 need a 'confirmation'.
i thought to find price above 6180 this morning, while it came fast again in 6110.
from here price need to breake hourly steep momentum before get into 62 area, and things are not sayin this will happen soon.

but as always its impossible to predict so, lets stay with market
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