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Cable Update (GBPUSD)

  • #301,101
  • Feb 22, 2012 3:56am Feb 22, 2012 3:56am
Quoting abdul_halim
update..
update
TP close manually
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  • #301,102
  • Feb 22, 2012 3:57am Feb 22, 2012 3:57am
Quoting abdul_halim
update
TP close manually
nice.


I like the way gbpusd moves..always drops like a freakin rock
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #301,103
  • Feb 22, 2012 4:00am Feb 22, 2012 4:00am
Quoting eqshack
nice.


I like the way gbpusd moves..always drops like a freakin rock
  • #301,104
  • Feb 22, 2012 4:05am Feb 22, 2012 4:05am
The S/R line of 1.5730 (+/- 10) has always been a difficult one for me to trade. When I think it will hold, it doesn't; when I think it will be breached, it is like a brick wall.

Thankfully I have managed to trade a small profit by having two small longs at 1.5730 and 1.5720, both of which were taken out in short order and then having a larger long at 1.5700 with a near TP and which allowed me to make up for the two smaller losses and provide a small profit.

It looks like the mid-January updraft which peaked at 1.5920 is definitely over and we are now in a downdraft, The next very funny S/R line is 1.5500 which has similar characteristics to 1.5730: it is like a brick wall or Cable passes right through it with out so much as a "by your leave"!

Good hunting today.
  • #301,105
  • Feb 22, 2012 4:06am Feb 22, 2012 4:06am
  •  duca
  • | Joined Dec 2011 | Status: Investing is simple, but not easy | 409 Posts
Bearish reaction to publication of Uk Boe/Mpc minutes...
because?
-
What did they say that bad-
for -60 pips
give 1 and get 100
  • #301,106
  • Feb 22, 2012 4:06am Feb 22, 2012 4:06am
very bearish 1hr close but finding some demand at the round number / 76.4% 5643-5878.

Shortlived ?

G/L
ex member
  • #301,107
  • Feb 22, 2012 4:07am Feb 22, 2012 4:07am
http://www.bloomberg.com/news/2012-0...purchases.html

Quoting duca
Bearish reaction to publication of Uk Boe/Mpc minutes...
because?
What they said?
ex member
  • #301,108
  • Feb 22, 2012 4:14am Feb 22, 2012 4:14am
Quoting UbuFamily
oh god...i mean your fib level and S&R lines...any predictions?
280 pips and counting Ubu easiest money this month...
Come with me if you want to live....
  • #301,109
  • Feb 22, 2012 4:19am Feb 22, 2012 4:19am
I was as blind haven't seen a signal for shorting at 1.5810 it there was really good signal...
Now it is necessary to catch up
I hate to wait and catch up
  • #301,110
  • Feb 22, 2012 4:21am Feb 22, 2012 4:21am
Quoting abdul_halim
my view..
post 300901
  • #301,111
  • Feb 22, 2012 4:21am Feb 22, 2012 4:21am
  •  duca
  • | Joined Dec 2011 | Status: Investing is simple, but not easy | 409 Posts
Quoting bbmac
http://www.bloomberg.com/news/2012-0...purchases.html

thanks
give 1 and get 100
  • #301,112
  • Feb 22, 2012 4:28am Feb 22, 2012 4:28am
some pullback off the round number / 76.4% 5643-5878...1min led the way with a classic regular bullish div play.

Bearish intraday and overall to the 1hr possibly 4hr t/f re opa.

G/L
Attached Image
ex member
  • #301,113
  • Feb 22, 2012 4:29am Feb 22, 2012 4:29am
Looks like cable has decided to form a triangle pattern. Based on the current triangle height of 284 pips, a presumed break out to the north would meet exactly at top of the channel, being 1.61. Then a probable move back to channel bottom at 1.52


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  • #301,114
  • Feb 22, 2012 4:30am Feb 22, 2012 4:30am
Great 1min bear thrust b/o of the recent low on the data react.

G/L
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ex member
  • #301,115
  • Feb 22, 2012 5:05am Feb 22, 2012 5:05am
Wondering whether we will see any downside follow thru on the bearish thrust candles printed on 30min, 1hr and 2hr closed at 10am gmt...??

Price testing 23.6% of the 5813-5694 right now.

G/L
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ex member
  • #301,116
  • Feb 22, 2012 6:05am Feb 22, 2012 6:05am
Quoting EatPIPs
Good call Faller

Thanks -

I am flat on the pound today - made nice profits on the short.

Focusing in on the USDX now - it has been consolidating for a few days now..........Fitch just came out with another downgrade of Greece to one notch above DEFAULT and with the dovish comments out of Britain today......and the markets being over extended and the crappy PMI numbers out of Europe this morning.......I am looking to be long US Dollars.

Cheers,

Faller
I don't trust any move - when you have profit...take it.
  • #301,117
  • Feb 22, 2012 6:07am Feb 22, 2012 6:07am
classic 5min hidden div play at that 23.6% of the 5813-5694 move finally sees soem downside follow thru on the 30m/1hr/2hr bearish thrust closes mentioned earlier.

Resulting 1hr bearish thrust candle enguls last bulish one on that t/f.

G/L
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ex member
  • #301,118
  • Feb 22, 2012 6:10am Feb 22, 2012 6:10am
Quoting bbmac
classic 5min hidden div play at that 23.6% of the 5813-5694 move finally sees soem downside follow thru on the 30m/1hr/2hr bearish thrust closes mentioned earlier.

Resulting 1hr bearish thrust candle enguls last bulish one on that t/f.

G/L

But did you trade it?
I don't trust any move - when you have profit...take it.
  • #301,119
  • Feb 22, 2012 6:33am Feb 22, 2012 6:33am
Quoting Faller
But did you trade it?
Faller... good day for us Dollar bulls huh... QE in UK pfft its so predictable and i remember saying that UK doesnt look soo rosy and big boys been playing around manipulating the market with the whole greek debt hype...
anyways... good day for me... holding shorts... targeting 5450
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #301,120
  • Feb 22, 2012 6:35am Feb 22, 2012 6:35am
Quoting bguguen
Faller... good day for us Dollar bulls huh... QE in UK pfft its so predictable and i remember saying that UK doesnt look soo rosy and big boys been playing around manipulating the market with the whole greek debt hype...
anyways... good day for me... holding shorts... targeting 5450

Good job my friend.....

I took the short the other night on the spike up after the greek debt deal news......posted a chart also. Anyway - today just looking to play the USDX long - things are still in the shitter.....

Good pips to you....

Faller.
I don't trust any move - when you have profit...take it.
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