Cable Update (GBPUSD)

stopped out @be on my prev short.. theory is nice but have to incorporate a stophunt fakeout radar into it re-entered short, red news in 20min. congrats to all who rode the rally from above 5910. GL to all.

Do you know the news or you are playing by some pattern before the news?

yeah... THEY ( the market maker ) know what I mean if they going for a short..... common honey... go for a short... dont be shy... go down now... is that it?... hahahaha... they make me laugh.. yeah.. that is what I've thought...

I dont really cares 'bout news... accept bank holiday.... coz its all bullshit.... if the news is true.. why we got to wait for a result... tell me... what we see now is news.... and I say the market maker r not stupid enough to go for a short for a cable....

all down to the Uk data @ 0930am now re short term (+) direction I guess if there is a reaction to it...price re-enetyred the 15min congestion channel @ the steepest ascending 1hr t/line 76.4% 5910-current daily hi

G/L

http://static.bbmp3.com/smilies/90ap8h.png

If hourly closes above 1.5930, I might consider long again. Let's see. News wasn't good at all.

knee-jerk react to the downside on Uk data - fesh demand found at the previous 1hr swing lo zone shown below...how strong ar the bulls now ?

G/L

does anybody here pickup a retracement signal for this short?... is that what they call a short?....

as mentioned in blog...1.5956 still acting as strong resistance....a point which could have been traded either way...

messy now 1hr..mixed intraday sentiment now.

G/L

boring reaction

Can't be bells and whistles eevery time ? Lol !

Decent enough 5min pinbar candle up off that 1hr previous swing lo zone...it was well bid up from that immediate post data lo of 5904.

G/L

so we got a previous 1hr swing hi zone now leading up to today's current hi and a 1hr descending trend line ...Have added the fib 5800-current daily hi (orange dotted)

Above the current daily hi:

5994 Daily R1 @/around
6001 61.8% 6139-5779
6007 76.4% 6077-5779 and 23.6% 6746-5779
6020 50% 6262-5779
6031 38.2% 6441-5779
6035-41 prev 1hr/4hr sw hi zone with 6042 Weekly Pivot @/around
6052-56 prev 1hr sw hi zone with 6054 76.4% 6139-5779 and 6055 Daily R2 @/around
6067-78 prev 1hr/4hr/daily sw hi zone with 61.8% 6262-5779 and 38.2% 6546-5779 @ 6073

G/L

Finishing here for session/day. Bernanke due later (testimony)

Final look at the current near-term 4hr chart.

G/L

where e bull power arghhhh

After A nice Bulls for news trading..now time for scalping

hahaha.... I've got them ( the market maker ) with a pant down.... they seem to be trap... donno where to go... either way they move a market... going North is absalute....

Now let's see if Bernanke can help them shorting the cable tonight if ' the news ' what u guys says to be so important.... let me guest what the result going to be.. dispointment... yeah.. like last NFP news...

long