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Cable Update (GBPUSD)

  • #283,141
  • Jul 4, 2011 2:47am Jul 4, 2011 2:47am
Didn't take the 3min hidden div set-up as not @ pre-identified potential rbs on 15min...will see how it performs anyway as was @ 38.2% of the last 1hr swing up and bottom of that previous 1hr/4hr swing hi zone - previously breeched to the upside on run up to today's current daily hi.

Uk Construction PMI data due @ 0930am London...will this too see a contraction like manuf PMI last week ? forecast is 53.6 -vs- 54.0 last time..Services PMI completes the PMI picture tomorrow.

Weather here in Central London forecast @ 26 degrees C today / 27 tomorrow...hoping for a nice afternoon in Hyde park.

G/L
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ex member
  • #283,142
  • Jul 4, 2011 2:52am Jul 4, 2011 2:52am
good day all people
i take a day off.....

will come back end of london session to see what has happened!
good luck you all
90% of traders use TA, indicators and prediction
  • #283,143
  • Jul 4, 2011 3:13am Jul 4, 2011 3:13am
Quoting _BBKing_
good day all people
i take a day off.....

will come back end of london session to see what has happened!
good luck you all
Hello, BBking, have a good day off!
  • #283,144
  • Jul 4, 2011 3:15am Jul 4, 2011 3:15am
Hi.. I'am Back..

I am in with Short with TP 1.6079 .. wanna save play
  • #283,145
  • Jul 4, 2011 3:17am Jul 4, 2011 3:17am
Quoting josef
Short at 1.6118. Don't want to risk too much today.
See,, Admire u Sir , and also I admire Ur Humble
  • #283,146
  • Jul 4, 2011 3:18am Jul 4, 2011 3:18am
Quoting Geene
Nice work, sinchan

Thanks Bro
  • #283,147
  • Jul 4, 2011 3:23am Jul 4, 2011 3:23am
Quoting _BBKing_
good day all people
i take a day off.....

will come back end of london session to see what has happened!
good luck you all
catch U later King
  • #283,148
  • Jul 4, 2011 3:26am Jul 4, 2011 3:26am
5min hidden divergence play kicks in...after the pullback mid way down that 30min bull thrust candle.

G/L
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ex member
  • #283,149
  • Jul 4, 2011 3:27am Jul 4, 2011 3:27am
Uk data due in 2mins
ex member
  • #283,150
  • Jul 4, 2011 3:35am Jul 4, 2011 3:35am
53.6 the print, exactly on forecast.

Finishing here for session/day as cable makes an immediate pre-data new daily hi...challenging again this previous 1hr/4hr swing hi zone leading up to 6149...and reacting to the data.

Final look @ 4hr current near-term screenshot.

U.s Bank Hol today...so liquidity may suffer later.

G/L
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ex member
  • #283,151
  • Jul 4, 2011 3:41am Jul 4, 2011 3:41am
Buy at 1.6070, Target: 1.6170, Stop: 1.6035
  • #283,152
  • Jul 4, 2011 3:53am Jul 4, 2011 3:53am
Man, news Trading always makes me nervous.. c'mon
  • #283,153
  • Jul 4, 2011 3:56am Jul 4, 2011 3:56am
stay away from news if makes u nervous, easy right ?

make it simple ....
Quoting sinchan
Man, news Trading always makes me nervous.. c'mon
not euphoria follower
  • #283,154
  • Jul 4, 2011 3:59am Jul 4, 2011 3:59am
Quoting iqyu5an
stay away from news if makes u nervous, easy right ?

make it simple ....
But there is the big pips

Bro
  • #283,155
  • Jul 4, 2011 3:59am Jul 4, 2011 3:59am
Quoting sinchan
Man, news Trading always makes me nervous.. c'mon
I believe right now we are on the consolidation stage. There is no significant movement since asia session. it went up and it goes down again.
  • #283,156
  • Jul 4, 2011 4:02am Jul 4, 2011 4:02am
Quoting sinchan
Man, news Trading always makes me nervous.. c'mon
For me as well, news and holiday trading nervous.
  • #283,157
  • Jul 4, 2011 4:03am Jul 4, 2011 4:03am
aniway depends on time frame we're working, my imho.

6H

***
target is in 12 H : http://www.forexfactory.com/attachme...7&d=1309744827
Quoting sinchan
But there is the big pips

Bro
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not euphoria follower
  • #283,158
  • Jul 4, 2011 4:38am Jul 4, 2011 4:38am
Quoting iqyu5an
Hi Sinchan...

What is the difference between consolidation and retracement term ?

Thanks
Consolidation: stage where there is not much fluctuation in the price, there is no trend during the consolidation, it is 2 option available for it during the sideways: break up or break down

retracement it just like the small opposite trend of the main trend

I think
  • #283,159
  • Edited 5:39am Jul 4, 2011 4:44am | Edited 5:39am
Quoting josef
For me as well, news and holiday trading nervous.
I thought I am the Only One,

C'mon Short the cable Off
  • #283,160
  • Jul 4, 2011 4:51am Jul 4, 2011 4:51am
this is the current news about greece bail out.. it def effect the cable guys

http://www.reuters.com/article/2011/...75O0SA20110704
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