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Cable Update (GBPUSD)

  • #284,761
  • Jul 21, 2011 4:32am Jul 21, 2011 4:32am
Quoting Faller
I agree....still holding my shorts......that is one ugly 15min candle that developed for the bulls....and one beautiful 15 min candle for the bears. Wtih retail sales coming out at 4:30 and think we should see a full retrace.

I don't trust any move - when you have profit...take it.
  • #284,762
  • Jul 21, 2011 4:32am Jul 21, 2011 4:32am
Eurusd also fell off the edge of a cliff !
ex member
  • #284,763
  • Jul 21, 2011 4:34am Jul 21, 2011 4:34am
yeh nice bearish thrust engulf on 15min, inverted hammer on 30min and pinbar on 1hr all closed at 1000am london time.

Quoting Faller
ex member
  • #284,764
  • Jul 21, 2011 4:50am Jul 21, 2011 4:50am
6119 the current Lo, price testing the 1hr ascending t/line / 38.2% 6003-6200 now.. 4hr just below it...how bearish is this market today ?

G/L
ex member
  • #284,765
  • Jul 21, 2011 4:53am Jul 21, 2011 4:53am
Quoting bbmac
6119 the current Lo, price testing the 1hr ascending t/line / 38.2% 6003-6200 now.. 4hr just below it...how bearish is this market today ?

G/L
Maybe bearish enough to buy me a nice shirt and add to my holiday funds
  • #284,766
  • Jul 21, 2011 4:53am Jul 21, 2011 4:53am
Quoting bbmac
6119 the current Lo, price testing the 1hr ascending t/line / 38.2% 6003-6200 now.. 4hr just below it...how bearish is this market today ?

G/L
Bought at ascending t/line on H4 and the price break it 1 minutes after that, if there have no retrace then SL will hit!

Good news, trend up and it down now, such a day
  • #284,767
  • Jul 21, 2011 4:56am Jul 21, 2011 4:56am
Finishing here for session/day with a look @ 4hr.

Hope everyone has a good day.

G/L
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ex member
  • #284,768
  • Jul 21, 2011 4:56am Jul 21, 2011 4:56am
One question please. what boot USD?

it's suddenly up so high
  • #284,769
  • Jul 21, 2011 4:59am Jul 21, 2011 4:59am
I had a bullish divergence play on 1min and 3min at that ascending trend line /area of 38.2% 6003-5779 so can see why you bought it there..

G/L with it.

Quoting Hoang Long
Bought at ascending t/line on H4 and the price break it 1 minutes after that, if there have no retrace then SL will hit!

Good news, trend up and it down now, such a day
ex member
  • #284,770
  • Jul 21, 2011 5:09am Jul 21, 2011 5:09am
A small bull on GU now bu my mind is not clear after 2 losses, could anyone confirm it?
  • #284,771
  • Jul 21, 2011 5:10am Jul 21, 2011 5:10am
Quoting bbmac
I had a bullish divergence play on 1min and 3min at that ascending trend line /area of 38.2% 6003-5779 so can see why you bought it there..

G/L with it.
back above ascending t/line on H4, let's c
  • #284,772
  • Jul 21, 2011 5:16am Jul 21, 2011 5:16am
I just booked a smash and grab +9.6 pips Lol ! 3min regular bullish divergence set-up was below.

Didn't notice it in real-time but as well as ascening 1hr t/line and that 38.2% 6003-6200 there was also 200sma on 4hr.

Really am gone now,

G/L


Quoting Hoang Long
back above ascending t/line on H4, let's c
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ex member
  • #284,773
  • Jul 21, 2011 5:38am Jul 21, 2011 5:38am
Quoting Hoang Long
One question please. what boot USD?
it's suddenly up so high
perhaps closing of long positions in eurusd could do a lot (eurusd accounts for >50% of the dollar index).. i don't know if some news behind it but i think it's simply greed and fear.. bulls welcome this, they will reload longs at better prices if eurozone gets things ready

Quoting MaryJane
shorts could go well until 6100-611x. i'll watch for pa in the green area to buy..
last trade: didn't take knee-jerk 30p so stopped @be
bought 6126 sl 6091 as planned, target open.
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  • #284,774
  • Jul 21, 2011 5:43am Jul 21, 2011 5:43am
I'm in a sell to gather a few pips...
  • #284,775
  • Jul 21, 2011 5:43am Jul 21, 2011 5:43am
Quoting MaryJane
perhaps closing of long positions in eurusd could do a lot (eurusd accounts for >50% of the dollar index).. i don't know if some news behind it but i think it's simply greed and fear.. bulls welcome this, they will reload longs at better prices if eurozone gets things ready


last trade: didn't take knee-jerk 30p so stopped @be
bought 6126 sl 6091 as planned, target open.
Bought at 6130, a bit not sure after great retrace on GU, thanks for confirm me, let's it run now

Btw, what's your target? 6180 may good support for me
  • #284,776
  • Edited 6:19am Jul 21, 2011 5:49am | Edited 6:19am
Quoting Hoang Long
Bought at 6130, a bit not sure after great retrace on GU, thanks for confirm me, let's it run now

Btw, what's your target? 6180 may good support for me
it might be just a pullback and continue south, let's see. 6180 is a fine target.. i'm leaving it open for now.

edit: as human traders perhaps off board (holidays), algos are painting really nice pictures for us.. maybe NY will bring some life into it.. yeah, markets are certainly random
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  • #284,777
  • Jul 21, 2011 5:59am Jul 21, 2011 5:59am
Quoting eychenz
I'm in a sell to gather a few pips...
Another good call in your blog, Mr. Pound
Regards
  • #284,778
  • Jul 21, 2011 6:20am Jul 21, 2011 6:20am
Quoting Hoang Long
Bought at 6130, a bit not sure after great retrace on GU, thanks for confirm me, let's it run now

Btw, what's your target? 6180 may good support for me
Closed all at 6170 and leave now, will play again at US section

Have a nice day
  • #284,779
  • Jul 21, 2011 7:15am Jul 21, 2011 7:15am
Spotted this on the h1 chart

http://img27.imageshack.us/img27/20/...ourlywedge.jpg

Uploaded with ImageShack.us

Rising wedge?
  • #284,780
  • Jul 21, 2011 7:19am Jul 21, 2011 7:19am
Great UP and now great DOWN for USD index!

Humm, just thought that trend has been settled, let's see where it will go!

waiting for SELL entry
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