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Cable Update (GBPUSD)

  • #285,621
  • Aug 3, 2011 6:21pm Aug 3, 2011 6:21pm
Quoting _BBKing_
hello,
sorry, which TF is your chart? and what is that indicator, stoch?
tks
M30 with stoch. I should've mentioned it.

Bears is sleeping... what time will it join the party?
  • #285,622
  • Aug 3, 2011 7:21pm Aug 3, 2011 7:21pm
Time to short? or at the last high?
Attached Image (click to enlarge)
Click to Enlarge Name: GBP 4-8-11.PNG Size: 71 KB
  • #285,623
  • Aug 3, 2011 7:41pm Aug 3, 2011 7:41pm
Quoting Jazznos
Time to short? or at the last high?
Yes, time to short. But gotta wait for London session before we see more action. I bet everyone have their finger on the trigger.

I am keeping an eye on EU aswell. GU and EU usually make a big move together.

We will see...
  • #285,624
  • Aug 3, 2011 8:36pm Aug 3, 2011 8:36pm
Quoting delorean
Yes, time to short. But gotta wait for London session before we see more action. I bet everyone have their finger on the trigger.

I am keeping an eye on EU aswell. GU and EU usually make a big move together.

We will see...
I got in at 6421... so far so good...
  • #285,625
  • Aug 3, 2011 10:53pm Aug 3, 2011 10:53pm
Quoting Jazznos
I got in at 6421... so far so good...
Out for +40... scalp... after yesterday Im taking more birds in the hand! Not sure if were continuing or not.. may go in again if we crack fibs and Daily piv, or we may go long from here.. hmmm...
  • #285,626
  • Aug 3, 2011 11:32pm Aug 3, 2011 11:32pm
Its only the begining. London opening should be fun!

Stoch(10,3,3) is currently in overbought zone and starting to hook down.

If the blue channel continues to hold, I anticipate a further bearish movement towards 6250 and even down to 6150.

Attached Image (click to enlarge)
Click to Enlarge Name: scenario 7.JPG Size: 66 KB
  • #285,627
  • Aug 4, 2011 12:40am Aug 4, 2011 12:40am
Quoting delorean
Its only the begining. London opening should be fun!

Stoch(10,3,3) is currently in overbought zone and starting to hook down.

If the blue channel continues to hold, I anticipate a further bearish movement towards 6250 and even down to 6150.

Attachment
Hope youre right bro! We have a bit in the way before that, eg 6320-30 big s/r region... 6150 to S2 would be nice TPs if we can make it...
  • #285,628
  • Aug 4, 2011 12:42am Aug 4, 2011 12:42am
alright guys, it seems to be going down, Alhamdulila.

Quoting Jazznos
Hope youre right bro! We have a bit in the way before that, eg 6320-30 big s/r region... 6150 to S2 would be nice TPs if we can make it...

i'm hoping to tp at 6280 today. too many losses lately.
  • #285,629
  • Aug 4, 2011 12:54am Aug 4, 2011 12:54am
quick question,

how does the snb react to the gbp/usd
  • #285,630
  • Aug 4, 2011 1:01am Aug 4, 2011 1:01am
Quote
Hope youre right bro! We have a bit in the way before that, eg 6320-30 big s/r region... 6150 to S2 would be nice TPs if we can make it...

I hope so too. But don't count on it too much. Anything can happen...
I hope you guys manage to catch this wave.

Currently @ +75, SL @+35

Quoting Akube
quick question,

how does the snb react to the gbp/usd
what is snb?
  • #285,631
  • Aug 4, 2011 1:03am Aug 4, 2011 1:03am
1.63244 is next level, then 1.62177 is next level.... book in profits and let it ride

Quoting Akube
alright guys, it seems to be going down, Alhamdulila.




i'm hoping to tp at 6280 today. too many losses lately.
  • #285,632
  • Aug 4, 2011 1:04am Aug 4, 2011 1:04am
SNB?

Snotty Nose Bastards?

Quoting delorean



what is snb?
  • #285,633
  • Aug 4, 2011 1:23am Aug 4, 2011 1:23am
swiss national bank. (SNB)

according to the graphs ive seen, swissies actually buy gold, that somehow reflects eur and usd, usd shoots up, which is why we saw a hike in usd yesterday, and then a correction, then again the usd is hiking once more.

but the gbp and eur withstood the correction and continued resistance.

so it seems that somehow they are directly proportional.. in a way. but not completely.
  • #285,634
  • Aug 4, 2011 1:26am Aug 4, 2011 1:26am
Before :
Quoting iqyu5an
Daily
After : ???
as long as 6320/3x could handle this bear
wanna re-test yesterday high or july high before 6500 ?

Just a thought... not a call
Attached Image (click to enlarge)
Click to Enlarge Name: dailih.gif Size: 21 KB
not euphoria follower
  • #285,635
  • Aug 4, 2011 1:29am Aug 4, 2011 1:29am
Quoting iqyu5an
Before :

After : ???
as long as 6320/3x could handle this bear
wanna re-test yesterday high or july high before 6500 ?

Just a thought... not a call
m30/h1 shows a sharp bump towards 63945. ill wait this out.
  • #285,636
  • Aug 4, 2011 1:40am Aug 4, 2011 1:40am
Bismillah and Insya Allah...

Happy Ramadhan Brother
Quoting Akube
m30/h1 shows a sharp bump towards 63945. ill wait this out.
not euphoria follower
  • #285,637
  • Edited 2:01am Aug 4, 2011 1:44am | Edited 2:01am
Monthly Pivot ( around ) : 6225 will be our support for bull continuation ?
London OPEN : price closed above weekly and daily pivot
Attached Image (click to enlarge)
Click to Enlarge Name: monthly.gif Size: 13 KB
not euphoria follower
  • #285,638
  • Aug 4, 2011 1:59am Aug 4, 2011 1:59am
OK seriously WTF now, bounce off the mofu and now were long? im almost stopped out again!
  • #285,639
  • Aug 4, 2011 2:05am Aug 4, 2011 2:05am
Quoting Akube
swiss national bank. (SNB)

according to the graphs ive seen, swissies actually buy gold, that somehow reflects eur and usd, usd shoots up, which is why we saw a hike in usd yesterday, and then a correction, then again the usd is hiking once more.

but the gbp and eur withstood the correction and continued resistance.

so it seems that somehow they are directly proportional.. in a way. but not completely.
what graphs show snb buying gold? i think they just lowered the interest rate to zero and easy other monetary policy to make chf cheaper. on the assumption it is going for intervention, it put a buying pressure on euro crosses like eurchf and gbpchf made euro and gbp to shoot up.
  • #285,640
  • Aug 4, 2011 2:08am Aug 4, 2011 2:08am
Quoting Jazznos
OK seriously WTF now, bounce off the mofu and now were long? im almost stopped out again!
Relax bro. Dont get too emotional. we are currently facing resistance around 6370-80. As long as it doesnt touch 6390, we are still good. In fact im opening up another short position if things goes well.
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