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Cable Update (GBPUSD)

  • #286,041
  • Aug 10, 2011 3:38am Aug 10, 2011 3:38am
good trading
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  • #286,042
  • Aug 10, 2011 3:41am Aug 10, 2011 3:41am
Quoting bbmac
It's not widely known but Mervyn King's Grandfather won the world Gurning championship 3 years in a row in the 1930's...his brother is an architect and is reponsible for the design of the modern portaloo that has replaced the victorian public conveniences in most Uk cities/towns. I should imagine he'll be doing some world class gurning if inflation goes any higher.

Uk Boe Qtrly inflation report/statement and press conference due 1030am London.

G/L
i exited my shorts at 1.62
i think this is quite concerning as u know this is gbp strength its been collapsing since yesterday, data wasnt supportive..but cable hasnt fallen so much..so its tricky

thou..theres a hint possibly last month candle may reject..looking for PA now
1.62 should be tough spot to break..but it counter trend trading..need something solid
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  • #286,043
  • Aug 10, 2011 3:47am Aug 10, 2011 3:47am
is 4hr starting a downtrend ?

Boe stuff starting at 1030am London could have a market effect...

Time will tell.

G/L
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ex member
  • #286,044
  • Aug 10, 2011 3:48am Aug 10, 2011 3:48am
After London Open Before Close
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  • #286,045
  • Aug 10, 2011 3:48am Aug 10, 2011 3:48am
Hi mate, nice going !

G/L

Quoting nAVIN2007
i exited my shorts at 1.62
i think this is quite concerning as u know this is gbp strength its been collapsing since yesterday, data wasnt supportive..but cable hasnt fallen so much..so its tricky

thou..theres a hint possibly last month candle may reject..looking for PA now
1.62 should be tough spot to break..but it counter trend trading..need something solid
ex member
  • #286,046
  • Aug 10, 2011 3:52am Aug 10, 2011 3:52am
Quoting bbmac
Hi mate, nice going !

G/L
thanks
  • #286,047
  • Aug 10, 2011 4:11am Aug 10, 2011 4:11am
always riveting stuff listening to Sir Merv of Swerv - in the same way that watching paint dry is ! Anyways he is on at 1030am London, so might see some market reaction to his words of wisdom ?

G/L
ex member
  • #286,048
  • Aug 10, 2011 4:13am Aug 10, 2011 4:13am
Attached
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  • #286,049
  • Aug 10, 2011 4:13am Aug 10, 2011 4:13am
morning all,
im waiting King's speaking to decide my next position....

looking h4 i think the ping-pong is not yet ended

im interested in a possible 'flag' on that TF
moving averages are still open upward

if goes fast down will recover up again from somewhere same as yesterday. we must be very careful!

while im writing, price is finding demand again near 6230....
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  • #286,050
  • Aug 10, 2011 4:23am Aug 10, 2011 4:23am
same chart seen in weekly TF
i still think on a required touch near 61...
but as i said, i expect more up-down in faster TF
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  • #286,051
  • Aug 10, 2011 4:40am Aug 10, 2011 4:40am
Price testing top of prev 1hr/4hr swing lo zone leading down to yesterday's 6175 Lo as Mervyn King speaks....Daily S1 there on some feeds and new 4hr ascending t/line.

G/L
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ex member
  • #286,052
  • Aug 10, 2011 4:45am Aug 10, 2011 4:45am
i bought that PA in m1 near 6200
at least i get the pullback
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  • #286,053
  • Aug 10, 2011 4:47am Aug 10, 2011 4:47am
1 3 and 5min pinbar candle resulted at the current daily lo.

Finishing here for session/day.

G/L
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ex member
  • #286,054
  • Aug 10, 2011 4:52am Aug 10, 2011 4:52am
Quoting _BBKing_
i bought that PA in m1 near 6200
at least i get the pullback

out half +21
stops @BEp

i let it go for a while
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  • #286,055
  • Aug 10, 2011 4:58am Aug 10, 2011 4:58am
Nice going BB...I waited for same set-up in 3min as I hade in 1min -ie for the 3min candle to close as it did like the 1min and subsequently the 5min - a pinbar candle trigger.

outa here.

G/L

Quoting _BBKing_
out half +21
stops @BEp

i let it go for a while
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ex member
  • #286,056
  • Aug 10, 2011 4:59am Aug 10, 2011 4:59am
Quoting _BBKing_
out half +21
stops @BEp

i let it go for a while

and out whole 6245
ok day is done!

now i wait patient if i see another good position...
90% of traders use TA, indicators and prediction
  • #286,057
  • Aug 10, 2011 5:04am Aug 10, 2011 5:04am
Quoting bbmac
Nice going BB...I waited for same set-up in 3min as I hade in 1min -ie for the 3min candle to close as it did like the 1min and subsequently the 5min - a pinbar candle trigger.

outa here.

G/L

thanks
this is what my m1 said....
i noticed that pin too, near yesterday lows.
sincerely was thinking on a 10-15 pips max
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  • #286,058
  • Aug 10, 2011 5:13am Aug 10, 2011 5:13am
Quoting _BBKing_
out half +21
stops @BEp

i let it go for a while
Nice play
Trader from Croatia
  • #286,059
  • Aug 10, 2011 6:47am Aug 10, 2011 6:47am
I hope for new short !!!
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  • #286,060
  • Aug 10, 2011 6:51am Aug 10, 2011 6:51am
Hello, I'm holding short from 1.6245. TP 1.6175
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