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Cable Update (GBPUSD)

  • #283,801
  • Jul 8, 2011 8:16am Jul 8, 2011 8:16am
5min gave the b/o signal on close of the 1330pm immediate post data candle...nice set-up with data react behind it.

Will be looking for a meanigful pullback to buy now - will see what sets-up re 1,3 or 5min.

Current Daily Hi at 61.8% 6128-5930/Daily R2/previous 1hr swing lo (prev support) zone)

G/L
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ex member
  • #283,802
  • Jul 8, 2011 8:16am Jul 8, 2011 8:16am
Quoting _BBKing_
6150 will be enough
anyway not for today

is it still possible a move below 6000?
what do you think?

possible in corrective nature to me.. hah.. this was a nice day.. my rsi had right with the bullish divergence.. i bought Eur and gbp at the bottom.. and risked more..

<- Happy Weekend
  • #283,803
  • Jul 8, 2011 8:19am Jul 8, 2011 8:19am
i take a small short here 6040
90% of traders use TA, indicators and prediction
  • #283,804
  • Jul 8, 2011 8:24am Jul 8, 2011 8:24am
Quoting _BBKing_
6150 will be enough
anyway not for today

is it still possible a move below 6000?
what do you think?
It's possible..
Trader from Croatia
  • #283,805
  • Jul 8, 2011 8:26am Jul 8, 2011 8:26am
i dont know, why poeple are so scared of NFP trading..

its good money to earn.. if the eyes are open
  • #283,806
  • Jul 8, 2011 8:30am Jul 8, 2011 8:30am
Current Hi (61.8% 6128-5930/76.4% 6099-5930 and Daily R2) is in a previous 1hr swing lo zone running to 61.8% of 6139-5930 @ 6060...where the deescending 4hr trend line comes thru around here.

Above here:

6081 76.4% 6128-5930
6083 @/around Daily S3
6085-90 previous 1hr/4hr swing hi zone and 76.4% 6329-5930
6120-28 previous 1hr swing hi zone
6130-39 previous 1hr/4hr/daily swing hi zone
6143-6149 previous 4hr minor swing hi zone and@/around Monthly Pivot 6149 area

G/L
ex member
  • #283,807
  • Jul 8, 2011 8:31am Jul 8, 2011 8:31am
Quoting _BBKing_
i take a small short here 6040
out
90% of traders use TA, indicators and prediction
  • #283,808
  • Jul 8, 2011 8:35am Jul 8, 2011 8:35am
ok i go for a walk
will come later
90% of traders use TA, indicators and prediction
  • #283,809
  • Jul 8, 2011 8:37am Jul 8, 2011 8:37am
6052 Res is Strong...will it hold? Hope not!! I want it to hit my TP at 6112
  • #283,810
  • Jul 8, 2011 8:38am Jul 8, 2011 8:38am
Found fresh buy the dip demand @ 23.6% of the 5930-6954 (then current daily hi)...3min hidden divergence play..

Price at 96% of the 20day atr so far today, 67% of the 20week atr so far this week on the last day/session of the week.

Out now, flat for session/day/week and finishing here.

G/L all and have a nice w/e.
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ex member
  • #283,811
  • Jul 8, 2011 8:43am Jul 8, 2011 8:43am
What is the low on GBPJPY on any true ECN-STP based broker today, i see mine at 129.084 while MM type platforms shows 128.88, can any one provide details of real traded low on GBPJPY on any other ECN broker
  • #283,812
  • Jul 8, 2011 8:46am Jul 8, 2011 8:46am
Quoting Petar_Serbia
Hello guys,
Still holding my shorts from 1.6015...
Just created one poster
Setups closed at BE...Wish you great week...


Cheers
Petar
"Buy on fear, sell on greed !!!
  • #283,813
  • Jul 8, 2011 8:47am Jul 8, 2011 8:47am
Never got my shorts triggered, too bad wasn't in for longs didn't expect such an erection from cable, was too busy shorting ninja and aussie.
Don't get mad, get even!
  • #283,814
  • Jul 8, 2011 9:05am Jul 8, 2011 9:05am
hi smikester,

would it possibly test broken TL?
if you are around, have any comment?
thank you
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  • #283,815
  • Jul 8, 2011 9:08am Jul 8, 2011 9:08am
Let's see if we had enough of rallying for a while or are we just resting for more?

Cracking 6100 soon? Whatcha reckon?
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Don't get mad, get even!
  • #283,816
  • Jul 8, 2011 10:01am Jul 8, 2011 10:01am
im still waiting reaction and more things in my favour.
lets see

meanwhile im refreshing charts... this week i was busy in a lot of things and charts were full of things confusing
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90% of traders use TA, indicators and prediction
  • #283,817
  • Jul 8, 2011 10:05am Jul 8, 2011 10:05am
this is how it appears now m10 chart
changed colors changed setups etc
i usually use it to find breakouts

in m5 too weaks in m15 too late
m10 is ok
now im watching @6038 6025 6015 for reaction if happens another bosst to 6090
lets see
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  • #283,818
  • Jul 8, 2011 10:09am Jul 8, 2011 10:09am
Quoting _BBKing_
and the nfp are comming in few minutes

i expect a move up-down of a large range to test n burn stops
sometimes happen during nfp

i hope anyway that prices take a direction until ny closing

happened in eur usd...
will GU follow?
90% of traders use TA, indicators and prediction
  • #283,819
  • Jul 8, 2011 10:15am Jul 8, 2011 10:15am
this what i mean by a good breakout for an 'home run' of 100pips!
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  • #283,820
  • Jul 8, 2011 10:18am Jul 8, 2011 10:18am
Quoting stulic
Let's see if we had enough of rallying for a while or are we just resting for more?

Cracking 6100 soon? Whatcha reckon?
Just an example of a perfect counter-trade or top-picking.
Locked in +50, 60+ counting and trailing.
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