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Cable Update (GBPUSD)

  • #284,461
  • Jul 15, 2011 9:09am Jul 15, 2011 9:09am
market turned "ON" the 'non-sense trading' mode
im tired to see my positions closed @BEp n giving money to dirty broker.

i leave n come back later after obama talks.
90% of traders use TA, indicators and prediction
  • #284,462
  • Jul 15, 2011 9:14am Jul 15, 2011 9:14am
Quoting Ultimate6
I posted this on EU thread, but if anyone here is interested..

Today I will buy 1.4091, TP 1.4250, SL 25

and also If anyone is interested look at usdchf 0.8203
My entry is a bit near you @1.4110, Good Luck to both of us
  • #284,463
  • Jul 15, 2011 9:26am Jul 15, 2011 9:26am
Quoting al_yaqen
because his trading system say's like that, there is no right and wrong . In my opinion, the price should bounce for a while. This is base on price action at 15m. but 1.62 maybe he got his own indication.
hope this can make you in comfortable..
no...i dont think so... that choice is making based on what obama going to speak... its 'bout US debt... no wonder people are buying and think 1.6094 going to be strong support level for that.... this is fun to watch how the market will do.... thats why the market stay at this support level for so long.... hahaha .... man.. they (the market maker) are good.... coz they know it going to be more fish around here...
  • #284,464
  • Jul 15, 2011 10:30am Jul 15, 2011 10:30am
Quoting MaryJane
..i just pointed to that wedge on daily that's basically bull's game and i still think bulls will try hard to break up and contain the PA along the upper TL for at least few days to do so.
we're not closed yet but doesn't the weekly look magnificient? well, i still think nasty chop is the most probable scenario for the rest of day and week. look at previous struggle at this TL, wait for triangles etc. to appear and break but it's better to wait for daily closes, don't rely too much upon working logic in small TFs, wedge borders are battle areas and chop rulez here. trade carefully and don't underestimate either side.

best of luck
Attached Image(s) (click to enlarge)
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  • #284,465
  • Jul 15, 2011 10:36am Jul 15, 2011 10:36am
6150 crucial now, no prediction but we break through here and bulls are running after red flags all over the place.
Don't get mad, get even!
  • #284,466
  • Jul 15, 2011 10:38am Jul 15, 2011 10:38am
@1.6150 targeted, waiting for positions on EU close and my day end

It's so late already, sleepy
  • #284,467
  • Jul 15, 2011 10:40am Jul 15, 2011 10:40am
Quoting stulic
6150 crucial now, no prediction but we break through here and bulls are running after red flags all over the place.
At the same time if we don't, we're capped by the orange channel, which just happens to provide resistance at 6150 at this time
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Don't get mad, get even!
  • #284,468
  • Jul 15, 2011 10:43am Jul 15, 2011 10:43am
Nice try, there's gotta be a retry
Don't get mad, get even!
  • #284,469
  • Jul 15, 2011 10:44am Jul 15, 2011 10:44am
SELL OFF started. CASH IN
Once scalper always scalper
  • #284,470
  • Jul 15, 2011 10:47am Jul 15, 2011 10:47am
Can I ask? It's good to enter again with target 6200, the bear still there but small

Any advice brothers
  • #284,471
  • Jul 15, 2011 10:49am Jul 15, 2011 10:49am
Quoting Hoang Long
Can I ask? It's good to enter again with target 6200, the bear still there but small

Any advice brothers
Either flip a coin or wait for a proper breakout.
Don't get mad, get even!
  • #284,472
  • Jul 15, 2011 10:50am Jul 15, 2011 10:50am
would a negative result of the bank stress index effect to sell off cable?
  • #284,473
  • Jul 15, 2011 10:52am Jul 15, 2011 10:52am
Quoting stulic
At the same time if we don't, we're capped by the orange channel, which just happens to provide resistance at 6150 at this time

and thanks for the h4 line idea, looks very nice. Will try it out. The problem I have with h4 is the broker timezone problem; gomarkets is skewed by one hour against the 'industry standard' 5pm EST, that doesn't make so much on daily most of the time but on the 4hr it does. Should I use some demo for 4hr charting?
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  • #284,474
  • Jul 15, 2011 10:52am Jul 15, 2011 10:52am
Quoting stulic
Either flip a coin or wait for a proper breakout.
I choose the second then :-bd
  • #284,475
  • Jul 15, 2011 10:58am Jul 15, 2011 10:58am
i dont remember the exact number... but i got very much position buying near 6100 n closing near 6150

lolz
question is about what to do now...
me sincerely i prefere waiting if EUR stress test will affect or no GBP
then maybe later i will take my last position of the week

lets see in few minutes
90% of traders use TA, indicators and prediction
  • #284,476
  • Jul 15, 2011 11:01am Jul 15, 2011 11:01am
Quoting MaryJane

and thanks for the h4 line idea, looks very nice. Will try it out. The problem I have with h4 is the broker timezone problem; gomarkets is skewed by one hour against the 'industry standard' 5pm EST, that doesn't make so much on daily most of the time but on the 4hr it does. Should I use some demo for 4hr charting?
You're right, that's always the problem with the H4 and daily closes, I think GO skips the NZ opening and opens at Sydney time with servers set to CET midnight? Not sure really, ATM my server time shows the exact same time of Central Europe, -1GMT= CET
Don't get mad, get even!
  • #284,477
  • Jul 15, 2011 11:08am Jul 15, 2011 11:08am
EU Bank Stress test results.- 8 bank fails: 5 spanish, 2 greek, 1 austrian

CASH IN
Once scalper always scalper
  • #284,478
  • Edited 11:25am Jul 15, 2011 11:11am | Edited 11:25am
Quoting stulic
You're right, that's always the problem with the H4 and daily closes, I think GO skips the NZ opening and opens at Sydney time with servers set to CET midnight? Not sure really, ATM my server time shows the exact same time of Central Europe, -1GMT= CET
Yes, GO is CET. I'll try the linecharts, indeed it's fine if it works, no matter the TZ.
Quoting adrianebn
would a negative result of the bank stress index effect to sell off cable?
not directly, but eu movements affect usd in general. but hey, 8 banks failed stress tests, so hurry up everyone to buy the euro!! funny how the market tries to interpret almost every news as usd-negative, or rather eur-positive at ANY price, regardless of the content.. the boys with the big longs didn't cash in below 1.50 and want their targets desperately, lol
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  • #284,479
  • Jul 15, 2011 11:20am Jul 15, 2011 11:20am
Quoting MaryJane
Yes, GO is CET. I'll try the linecharts, indeed it's fine if it works, no matter the TZ.

not directly, but eu movements affect usd in general. but hey, 8 banks failed stress tests, so hurry up everyone to buy the euro!! funny how the market tries to interpret almost every news as usd-negative, or rather eur-positive at ANY price, regardless of the content.. the boys with the big longs didn't cash out below 1.50 and want their targets desperately, lol
Agree when will fall deep BUY.
Once scalper always scalper
  • #284,480
  • Jul 15, 2011 11:39am Jul 15, 2011 11:39am
ok i leave i need to end this not so good week n get some rest.
i dont see good positions happening in my trading style.
have a good week end you all guys
see you soon

bye
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