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Cable Update (GBPUSD)

  • #285,081
  • Jul 27, 2011 4:12am Jul 27, 2011 4:12am
m30 shows bearish divergence
Attached Image (click to enlarge)
Click to Enlarge Name: gusdm30.gif Size: 26 KB
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  • #285,082
  • Jul 27, 2011 4:19am Jul 27, 2011 4:19am
Quoting _BBKing_
good morning/evening
im on the short side...

still not really sure of it, but for some pips shorting in this resistance area i find it easier for the moment.
hi, same boat and i'm not gonna set BE stops today
i'm also hesitant to buy here.. will watch 6360-6370, maybe there.
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  • #285,083
  • Jul 27, 2011 4:22am Jul 27, 2011 4:22am
Quoting _BBKing_
m30 shows bearish divergence
or is it a bullish hidden?
lolz
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  • #285,084
  • Jul 27, 2011 4:27am Jul 27, 2011 4:27am
Quoting MaryJane
hi, same boat and i'm not gonna set BE stops today
i'm also hesitant to buy here.. will watch 6360-6370, maybe there.
hi mj
looks like h1 n h4 going weak
i expect a move in 63 area too

will be a busy day for sure looking at calendar.
there is an MPC speaking later n later later is beige book....
i agree on stops @BE very quickly!
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  • #285,085
  • Jul 27, 2011 4:37am Jul 27, 2011 4:37am
Price struggling toward the current daily hi which is at 6438...some supply there still...above current Price I see the following.

Upside follow thru still the greater probability ?

6432-38-42 previous 1hr/4hr/daily swing hi zone with Weekly R1 @/around 6420
6452-71 previous 4hr/daily swing hi zone
6473 Daily R1 @/around
6480-96 previous 4hr swing hi zone
6515-46 previous 4hr/daily swing hi zone inc 76.4% 6746-5779 @ 6516, Daily R2 6533 @/around & Weekly R2 @/around 6546
6638 Daily R3 @/around
6714-46 previous daily/weekly swing hi zone with 6733 = Monthly R2 @/around
6755 Weekly R3 @/around

G/L
ex member
  • #285,086
  • Jul 27, 2011 4:42am Jul 27, 2011 4:42am
i switched the '10 pips mode'

got out +11.
price is fightin too much.
later will be better i hope...
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  • #285,087
  • Jul 27, 2011 5:02am Jul 27, 2011 5:02am
if dip, then possibly to about 6370 w/ some slip (6338ish?) then UP
well.. pure speculation but recent observation: the TL is 'best fit'.. gets a fakeout almost always before a bigger move.. slingshot.
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  • #285,088
  • Jul 27, 2011 5:11am Jul 27, 2011 5:11am
'10pips mode' going good

got another +12 on this spike after news
lolz
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  • #285,089
  • Jul 27, 2011 5:15am Jul 27, 2011 5:15am
Market reacts to minor uk data at 1100am London with a further leg down...now testing the area around current daily lo = previous 1hr swing lo zone to 6386.

Finishing here for session/day with a final look at immediate downside on 1hr.


G/L all.
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Click to Enlarge Name: z.jpg Size: 65 KB
ex member
  • #285,090
  • Jul 27, 2011 5:16am Jul 27, 2011 5:16am
Down to close the month ....

Or

Up to kiss SL



See u next month ...
not euphoria follower
  • #285,091
  • Jul 27, 2011 5:20am Jul 27, 2011 5:20am
4hr is here:

fibs are plotted from 5779, 6003, 6068 and 6119 all to current 6438 Hi.

G/L
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ex member
  • #285,092
  • Jul 27, 2011 5:23am Jul 27, 2011 5:23am
Quoting iqyu5an
Down to close the month ....

Or

Up to kiss SL

nice

Quoting _BBKing_
'10pips mode' going good

got another +12 on this spike after news
lolz
i'm in investor mode today.. sell and hold
MarginTrader All Time Return: na
  • #285,093
  • Jul 27, 2011 5:27am Jul 27, 2011 5:27am
Quoting MaryJane
if dip, then possibly to about 6370 w/ some slip (6338ish?) then UP
well.. pure speculation but recent observation: the TL is 'best fit'.. gets a fakeout almost always before a bigger move.. slingshot.

6350 should be the right place. Not eye-ing 6338 for now. But lets wait and see how the reaction at that trend line goes. Nice work Mary.
Keep the Lights on then you can catch the rise from the dark.
  • #285,094
  • Jul 27, 2011 5:34am Jul 27, 2011 5:34am
Gu now in Yesterday Demand Area, alot of emphasis must be seen here. Breakthru the Demand trend line will see market heading for next 6350. We wait for the reactions and we act. +50 pips on my intra sell.
Keep the Lights on then you can catch the rise from the dark.
  • #285,095
  • Jul 27, 2011 5:53am Jul 27, 2011 5:53am
Stayed around as cable dropped into the previous 1hr swing lo zone down to 6370 shown below...1min bullish div set-up only there...pretty bearish-mixed though now intraday.

Below here

6366-71 Daily Pivot @/around, 38.2% 6259-, 61.8% 6321-
6366-59 prev 1hr sw hi zone
6363 23.6% 6119-
6348-51 23.6% 6068-, 50% 6259-, 76.4% 6321-
6337 23.6% 6003-
6334-21 prev 1hr sw hi/lo zone with 6328 61.8% 6259-
6317 38.2% 6119-
6313 Daily S1 @/around
6311-02 prev 1hr sw hi zone with 76.4% 6259-
6296 38.2% 6068-
6284-73 23.6% 5779-, 50% 6119-, 38.2% 6003-
6271-60 prev 1hr/4hr sw lo zone


　　
　
Really am finished for session/day now.

G/L　
　
Attached Image (click to enlarge)
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Attached Image
ex member
  • #285,096
  • Jul 27, 2011 6:25am Jul 27, 2011 6:25am
Quoting ricmaj
6350 should be the right place. Not eye-ing 6338 for now. But lets wait and see how the reaction at that trend line goes. Nice work Mary.
Thanks Seems we have some bearish drilling channel here (m5).. I will like to see it broken before closing remaining shorts and going long.. I have some bear bias since yesterday evening.. time will tell.
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  • #285,097
  • Jul 27, 2011 6:28am Jul 27, 2011 6:28am
Quoting bbmac
Stayed around as cable dropped into the previous 1hr swing lo zone down to 6370 shown below...1min bullish div set-up only there...pretty bearish-mixed though now intraday.

Below here

6366-71 Daily Pivot @/around, 38.2% 6259-, 61.8% 6321-
6366-59 prev 1hr sw hi zone
6363 23.6% 6119-
6348-51 23.6% 6068-, 50% 6259-, 76.4% 6321-
6337 23.6% 6003-
6334-21 prev 1hr sw hi/lo zone with 6328 61.8% 6259-
6317 38.2% 6119-
6313 Daily S1 @/around
6311-02 prev 1hr sw hi zone with 76.4% 6259-
6296 38.2% 6068-
6284-73 23.6% 5779-, 50% 6119-,...
there it goes
Hero calls followed by margin calls...
  • #285,098
  • Jul 27, 2011 7:00am Jul 27, 2011 7:00am
have to go, best of luck to all !!
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  • #285,099
  • Jul 27, 2011 7:06am Jul 27, 2011 7:06am
Quoting MaryJane
have to go, best of luck to all !!
Nice divergence, haven't seen it, was looking at a possible reversal around there somewhere
Got my long filled @6357, see how we go.
Don't get mad, get even!
  • #285,100
  • Jul 27, 2011 7:10am Jul 27, 2011 7:10am
Quoting stulic
Nice divergence, haven't seen it, was looking at a possible reversal around there somewhere
Got my long filled @6357, see how we go.
same here got a long but not going good for the moment
if i see no reaction i close it and look for better entry...
lets see
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