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Cable Update (GBPUSD)

  • #282,601
  • Jun 29, 2011 1:27am Jun 29, 2011 1:27am
Quoting bbmac
Will it be 'forever and ever' or a 'greek tragedy?'

Where is Demis Roussos when you need him ?

G/L

http://www.youtube.com/watch?v=F3vCB3YBMUo
Lol.. may be more suitable his song called 'Rain and Tears.

brought me back to some decades ago
  • #282,602
  • Jun 29, 2011 1:31am Jun 29, 2011 1:31am
Trying to guess what the market will do next with no real rational or trade setup is exactly the same as gambling.
Trader from Croatia
  • #282,603
  • Jun 29, 2011 1:32am Jun 29, 2011 1:32am
got 20 pips from 6004 to 6024 just hit my tp and it down now after the news.
  • #282,604
  • Jun 29, 2011 1:36am Jun 29, 2011 1:36am
Longs are a bit tenuous here I think. Lots of stops at 6040 and it should be trying for 6070 but just isn't making it. I'm waiting to short this again.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd11069h4.gif Size: 32 KB
Gone to a better place
  • #282,605
  • Jun 29, 2011 1:38am Jun 29, 2011 1:38am
If this present 1hr candle closes above 6003 it will bullishly engulf the last 15 x candle bodies on this t/f...!

G/L
ex member
  • #282,606
  • Jun 29, 2011 1:39am Jun 29, 2011 1:39am
there is nothing to do here this week.
mostly today.

i will come back later later later after i have spent all the money i could loose today without a clear setup.
we can go into 58's or 62's very fast n soon.

good luck guys.
90% of traders use TA, indicators and prediction
  • #282,607
  • Jun 29, 2011 1:47am Jun 29, 2011 1:47am
Long @ 1.6012; SL @ 1.5967; TP open
  • #282,608
  • Jun 29, 2011 1:51am Jun 29, 2011 1:51am
Quoting CasperTrader
Long @ 1.6012; SL @ 1.5967; TP open
Earlier went short @ 1.5998 with TP of 20 and re-enetered short @ 1.5994 with a SL of 26.

IMO this candle should close above 1.6028 for confirmation that the uptrend might resume.
  • #282,609
  • Jun 29, 2011 1:53am Jun 29, 2011 1:53am
Mixed - bullish tone so far this London session.

Previous 1hr/4hr x 2 swing hi zone to 6047 overhead with 38.2% 6262-5910/23.6% 6470-5910 @ 6043/41,.... above here Daily R1, Weekly Pivot, 61.8% 6149-5910 and 23.6% 6546-5910 leading up to another 1hr/4hr previous swing hi zone to 6067.

Let's see how this 1hr candle closes.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 74 KB
ex member
  • #282,610
  • Jun 29, 2011 1:56am Jun 29, 2011 1:56am
Quoting CasperTrader
Earlier went short @ 1.5998 with TP of 20 and re-enetered short @ 1.5994 with a SL of 26.

IMO this candle should close above 1.6028 for confirmation that the uptrend might resume.
Doesn't look like it will but will wait until either it goes up or SL
  • #282,611
  • Jun 29, 2011 1:58am Jun 29, 2011 1:58am
I wonder to what extent markets might just range around a bit now till greek vote result becomes clear ?

G/L
ex member
  • #282,612
  • Jun 29, 2011 2:00am Jun 29, 2011 2:00am
1hr closes as a master bullish engulfing x 15

G/L
ex member
  • #282,613
  • Jun 29, 2011 2:01am Jun 29, 2011 2:01am
Quoting _BBKing_
there is nothing to do here this week.
mostly today.

i will come back later later later after i have spent all the money i could loose today without a clear setup.
we can go into 58's or 62's very fast n soon.

good luck guys.

BBKing I have always admired some of your precised analysis but never heard you complained this much. One Thing for sure the trend is always here as far we trade safely.
Keep the Lights on then you can catch the rise from the dark.
  • #282,614
  • Jun 29, 2011 2:02am Jun 29, 2011 2:02am
be patient and keep calm my friend ....

if not, broker will kill you


Quoting _BBKing_
there is nothing to do here this week.
mostly today.

i will come back later later later after i have spent all the money i could loose today without a clear setup.
we can go into 58's or 62's very fast n soon.

good luck guys.
not euphoria follower
  • #282,615
  • Jun 29, 2011 2:05am Jun 29, 2011 2:05am
With Close of the last hourly candle stick at a pressured supply area. GU is definitely set for a long up to the High of Yesterday High. I long till it gets there. Always Safe trades with Tight SL
Keep the Lights on then you can catch the rise from the dark.
  • #282,616
  • Jun 29, 2011 2:05am Jun 29, 2011 2:05am
what do you think if how much chances of voute for greece and whats its rection on Euro and cable as well ....can some one explain...
  • #282,617
  • Jun 29, 2011 2:09am Jun 29, 2011 2:09am
6H still holding
huhhhhhhhhhfffffffffffffffffffffff tired ...
======================
17 hours ago ......
Quoting iqyu5an
--
Attached Image (click to enlarge)
Click to Enlarge Name: gu 6h.gif Size: 21 KB
not euphoria follower
  • #282,618
  • Jun 29, 2011 2:09am Jun 29, 2011 2:09am
Last week's weekly candle closed at 5960. I think that might be a bit of a giveaway. So this is a retest of 1.6. The daily is forming a nice flag like it did a few days ago.
Gone to a better place
  • #282,619
  • Jun 29, 2011 2:13am Jun 29, 2011 2:13am
Latest: greek vote will start @ 12noon London time

Gonna bug out till then,

G/L
ex member
  • #282,620
  • Jun 29, 2011 2:19am Jun 29, 2011 2:19am
Quoting bbmac
Latest: greek vote will start @ 12noon London time

Gonna bug out till then,

G/L

Agree, it's better to wait!
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