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Cable Update (GBPUSD)

  • #295,261
  • Dec 21, 2011 2:41am Dec 21, 2011 2:41am
Quoting _BBKing_
be careful shortin guys
this thing can be going again 1.61 start of the year

no signs of strong taking profits or pullbacks till now.

lets see 5750

my long went target when i was sleeping!
would have been better for me to wake up earlier and change target price in 1.65. doesnt matter will take another entry next week (.....)
why dont u draw ur TL at daily ....more clear point direction....
  • #295,262
  • Dec 21, 2011 2:44am Dec 21, 2011 2:44am
Quoting UbuFamily
y 5780? how did u see the limit?
Just a few tops around that level that's all. I just mean that combining the crap EU fundamentals and current risk on sentiment this may form a trading zone, between 54 and 5780. A break of this level would signal a reversal in longer term sentiment to me and I'm not sure we are ready for that yet according to my higher timeframe momentum indis. Could easily be wrong but 5760-80 is a price range I am watching for possible reversal hints.
Come with me if you want to live....
  • #295,263
  • Dec 21, 2011 2:44am Dec 21, 2011 2:44am
My first target for GU is 1.5760. There are plenty Highs of previous weeks around there, 20-30 pips. We will see if it breaks above...
  • #295,264
  • Dec 21, 2011 2:47am Dec 21, 2011 2:47am
Quoting Ill-b-back
Just a few tops around that level that's all. I just mean that combining the crap EU fundamentals and current risk on sentiment this may form a trading zone, between 54 and 5780. A break of this level would signal a reversal in longer term sentiment to me and I'm not sure we are ready for that yet according to my higher timeframe momentum indis. Could easily be wrong but 5760-80 is a price range I am watching for possible reversal hints.
I've never seen a currency go up this fast, your indicators are probably incorrect.
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  • #295,265
  • Dec 21, 2011 2:49am Dec 21, 2011 2:49am
Quoting Ill-b-back
Just a few tops around that level that's all. I just mean that combining the crap EU fundamentals and current risk on sentiment this may form a trading zone, between 54 and 5780. A break of this level would signal a reversal in longer term sentiment to me and I'm not sure we are ready for that yet according to my higher timeframe momentum indis. Could easily be wrong but 5760-80 is a price range I am watching for possible reversal hints.
I agree! We posted almost in the same minut
The general sentiment is SELL, still. However, obvious lack of big money is giving us BUY. I ll be monitoring those peaks...
  • #295,266
  • Dec 21, 2011 2:50am Dec 21, 2011 2:50am
Quoting leerees
EU is going to go up a lot today, GBP/USD is like I said, going to the moon, should reach 1.5886 at least
No problem , not doing the long but will wait for short , 1 leg up it decided I see .level wtach still remain more or less same .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #295,267
  • Dec 21, 2011 2:51am Dec 21, 2011 2:51am
Quoting markot
I agree! We posted almost in the same minut
The general sentiment is SELL, still. However, obvious lack of big money is giving us BUY. I ll be monitoring those peaks...
How can you say the general sentiment is sell when it has rallied 250 pips and breached all supply zones as if they don't even exist?
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  • #295,268
  • Dec 21, 2011 2:55am Dec 21, 2011 2:55am
Quoting leerees
How can you say the general sentiment is sell when it has rallied 250 pips and breached all supply zones as if they don't even exist?
turning arround a bit from daily 100 ma @1.210 ... sold a bit there and adding here on m5 close below 13 MA as well ... right now at BE
  • #295,269
  • Dec 21, 2011 2:55am Dec 21, 2011 2:55am
Quoting Ill-b-back
Aborting my sell. I jumped in too early as usual before TL break confirmation and recent support looks more solid than any resistance at current level. Will wait for 5780 before looking for any signs of a short.
Aaarrrggg, well done me battle hardened sea dogs, some experience and a bit of quick thinking saved us from a disaster. A small scratch to the bow but nothing to worry our thieving little minds about. Now we broke the rudder in our hasty retreat, so well let the tide drift us to the 5770 latitude where we might get the chance to fill our hull with one last load of treasure. It's a tricky place I call twin peaks, full of deception she is, so we'll wait for a clear signal before making our move. If it looks too perilous, we'll just sail on thru for home. Aaarrrggg.
Come with me if you want to live....
  • #295,270
  • Dec 21, 2011 2:59am Dec 21, 2011 2:59am
Quoting harora
turning arround a bit from daily 100 ma @1.210 ... sold a bit there and adding here on m5 close below 13 MA as well ... right now at BE
For today take a look at the order book, not the ma line
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  • #295,271
  • Dec 21, 2011 2:59am Dec 21, 2011 2:59am
Quoting leerees
How can you say the general sentiment is sell when it has rallied 250 pips and breached all supply zones as if they don't even exist?

Well, we may have different point of view allow me to disagree!
On a bigger TF, this looks like a correction. Since ,this is the end of the year, and obviously ''some money'' is missing in the game, i am not convinced in changing of the trend. However, that doesnt stop me from buying it, when i see opportunity that is.
  • #295,272
  • Dec 21, 2011 3:09am Dec 21, 2011 3:09am
Quoting leerees
For today take a look at the order book, not the ma line
completely Agree ...

already have a long frm 1.035 since yesterday break.
this is just a cream on top of that

yeah+ , +23and +7 both at BE based on that ,


waiting fontu's 1.0185 level to break ....
  • #295,273
  • Dec 21, 2011 3:12am Dec 21, 2011 3:12am
Quoting markot
Well, we may have different point of view allow me to disagree!
On a bigger TF, this looks like a correction. Since ,this is the end of the year, and obviously ''some money'' is missing in the game, i am not convinced in changing of the trend. However, that doesnt stop me from buying it, when i see opportunity that is.
No hard feelings mate, obviously we are all trading different moves / tf's. I look to supply and demand zones on the H4 and H1 charts, I don't use any indicators but I occasionally check out the DOM book.

The type of trades I look for are bounces off the supply / demand zones. So I should too be looking for a short however I don't trust it so I'm sitting this out, those previous zones were breached too easily. In my eyes the sentiment has changed.
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  • #295,274
  • Dec 21, 2011 3:12am Dec 21, 2011 3:12am
Quoting leerees
For today take a look at the order book, not the ma line
certainly not a trade call war but just showing my opinion whats being hit and what i am seeing

(saw weakness on m30 MACD and rsi divg on m5/m15 at that ma level )

out at +31 and +15.. will wait for next move
  • #295,275
  • Dec 21, 2011 3:16am Dec 21, 2011 3:16am
Quoting leerees
I've never seen a currency go up this fast, your indicators are probably incorrect.
Possibly, I just use the MACD mainly with a bit of help from the QQE. Monthly and weekly showing bearish sentiment along with some bearish divergence here also. Weekly PA and trendlines still telling me to sell also, but will wait for signals. Could be a mother or a stop hunt which the GU is renown for also. Who knows, I have my zones in mind and go with the flow.
Come with me if you want to live....
  • #295,276
  • Edited 3:37am Dec 21, 2011 3:17am | Edited 3:37am
got the weakness & started short also , first 5700 & watch 5684 then 5649 to see 5617 , breaks & done . let it jump too & fro at tops .

usdx should be on H4 & H1 tf support 79.34 & expecting it hold & if bull will resume there & here bear & bear continuation . big move & so first 3 levels should break fist to think so .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #295,277
  • Dec 21, 2011 3:18am Dec 21, 2011 3:18am
Quoting Ill-b-back
Just a few tops around that level that's all. I just mean that combining the crap EU fundamentals and current risk on sentiment this may form a trading zone, between 54 and 5780. A break of this level would signal a reversal in longer term sentiment to me and I'm not sure we are ready for that yet according to my higher timeframe momentum indis. Could easily be wrong but 5760-80 is a price range I am watching for possible reversal hints.

okay i see we got our reversal now
I trade to live
  • #295,278
  • Dec 21, 2011 3:25am Dec 21, 2011 3:25am
Quoting leerees
No hard feelings mate, obviously we are all trading different moves / tf's. I look to supply and demand zones on the H4 and H1 charts, I don't use any indicators but I occasionally check out the DOM book.

The type of trades I look for are bounces off the supply / demand zones. So I should too be looking for a short however I don't trust it so I'm sitting this out, those previous zones were breached too easily. In my eyes the sentiment has changed.
No problem

I dont use indies too. However, when u change on daily it is easy to spot which move is bigger. Changing trend is not an easy thing, and to me this looks more like a panic move. Someone, needs to close profits But, as i said..this doesnt stop me from buying it ,when i see opportunity
  • #295,279
  • Dec 21, 2011 3:28am Dec 21, 2011 3:28am
Quoting leerees
I look to supply and demand zones on the H4 and H1 charts, .
well dude..in my opinion, for year end like this...supply n demand can breach the basic lines...because IT IS the giant players like BOE decides the movement most...its their behavior..i hope i can be in their head of what should they do next
I trade to live
  • #295,280
  • Dec 21, 2011 3:28am Dec 21, 2011 3:28am
Quoting UbuFamily
okay i see we got our reversal now
just got the first sign ... still need to see stops being hit and big boys joining in to build that momentum

lets see, if it starts retracing, have 9 green bars on 4hr though, there will be pending long orders sitting at those fib levels
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