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Cable Update (GBPUSD)

  • #302,681
  • Mar 8, 2012 4:54am Mar 8, 2012 4:54am
Quoting bguguen
Because theres no reason for the GBPUSD to go up today.... an action right now without any news has a reaction....

besides china is seen selling at 1.5820...

also the drive up was to trigger the Buy Stop at 1.5800-1.5820, its a stop hunt... with all those buy stops triggered now the big banks can let the GBPUSD fall so that they screw these people who got tricked into entering long at 1.5800 at the daily top... besides i loaded short at 1.5830...
Who can type fastest eh
Come with me if you want to live....
  • #302,682
  • Mar 8, 2012 4:54am Mar 8, 2012 4:54am
Quoting Ill-b-back
Retesting resistance turned support at 58.
Massaging a clients foot right now
im not so sure about that... in H4 candle hasnt closed yet for me... and its meeting resistance at a trendline topside... spike above S/R region and falling back below resistance at 1.5805 for me... i simply dont see a fundamental reason for the Move up, tells me this has been a Stop hunt by the big boys who tech trades...
and boy oh boy have they triggered those stops at 1.5800-1.5820...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #302,683
  • Mar 8, 2012 4:56am Mar 8, 2012 4:56am
Everybody wants to help. So many different views of it...
Gone to a better place
  • #302,684
  • Mar 8, 2012 4:59am Mar 8, 2012 4:59am
Quoting smikester
Everybody wants to help. So many different views of it...
Different time zones can often cause different views... if GMT+2 closes a candle breaking shit and GMT+1 closes a candle that breaks shit and retraces in 1 hour time... one can say Up and the other say Down on rejection....

See the irony??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #302,685
  • Mar 8, 2012 5:00am Mar 8, 2012 5:00am
Quoting bguguen
Because theres no reason for the GBPUSD to go up today.... an action right now without any news has a reaction....

besides china is seen selling at 1.5820...

also the drive up was to trigger the Buy Stop at 1.5800-1.5820, its a stop hunt... with all those buy stops triggered now the big banks can let the GBPUSD fall so that they screw these people who got tricked into entering long at 1.5800 at the daily top... besides i loaded short at 1.5830...
A massive move going up, I figure this means that many BUY stops are triggered. If we have participant with massive amount of money enter SHORT, those BUY will bite the dust. But we need a sudden move to trigger their S/L other than that I would say that this is profit taking by earlier bears . If we have inside bar out of 4 hours, expect this pair to go anywhere depends on the news then probably going down again. Either way, there's no clear direction for now.
  • #302,686
  • Mar 8, 2012 5:01am Mar 8, 2012 5:01am
Quoting 0rPhioZ
A massive move going up, I figure this means that many BUY stops are triggered. If we have participant with massive amount of money enter SHORT, those BUY will bite the dust. But we need a sudden move to trigger their S/L other than that I would say that this is profit taking by earlier bears . If we have inside bar out of 4 hours, expect this pair to go anywhere depends on the news then probably going down again. Either way, there's no clear direction for now.
ironically my short GBPUSD at 1.5830 doing great... SL @ BE+10 now
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #302,687
  • Mar 8, 2012 5:02am Mar 8, 2012 5:02am
Quoting abdul_halim
scalping...
update....
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  • #302,688
  • Mar 8, 2012 5:02am Mar 8, 2012 5:02am
For me, I'll be back gets the prize. I'm long here...
Gone to a better place
  • #302,689
  • Mar 8, 2012 5:03am Mar 8, 2012 5:03am
Quoting abdul_halim
update....
Great mind thinks alike huh abdul... nice job!
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #302,690
  • Mar 8, 2012 5:05am Mar 8, 2012 5:05am
Quoting bguguen
Great mind thinks alike huh abdul... nice job!
  • #302,691
  • Mar 8, 2012 5:05am Mar 8, 2012 5:05am
Appreciate all your answers guys.

I never seen before cable nervous like today.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #302,692
  • Mar 8, 2012 5:17am Mar 8, 2012 5:17am
my view in H4...
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  • #302,693
  • Mar 8, 2012 5:19am Mar 8, 2012 5:19am
Quoting abdul_halim
my view in H4...
Thank you... i have the same view but instead of that fib (may i ask where you plotted the fib from where to where??

i got a descending trend line as the current resistance
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #302,694
  • Mar 8, 2012 5:28am Mar 8, 2012 5:28am
Quoting bguguen
Thank you... i have the same view but instead of that fib (may i ask where you plotted the fib from where to where??

i got a descending trend line as the current resistance
sorry...
very bad chart
Attached Image (click to enlarge)
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  • #302,695
  • Mar 8, 2012 5:30am Mar 8, 2012 5:30am
Quoting smikester
For me, I'll be back gets the prize. I'm long here...
Out -7... short
Gone to a better place
  • #302,696
  • Mar 8, 2012 5:31am Mar 8, 2012 5:31am
Quoting abdul_halim
sorry...
very bad chart
holy shit... thats one heck of an arsenal of indicators and objects... dunno what im looking at lol...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #302,697
  • Mar 8, 2012 5:32am Mar 8, 2012 5:32am
Quoting smikester
Out -7... short
sorry to hear that... but still green pips to you buddy....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #302,698
  • Mar 8, 2012 5:35am Mar 8, 2012 5:35am
Enjoy green shorters......
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #302,699
  • Mar 8, 2012 5:36am Mar 8, 2012 5:36am
Quoting smikester
No but this chart shows another level with fib and resistance. How are we going to trade this inside bar?

Attachment

The simple straddle?
That's Base Line...
I'll take position Sell. Moreover Fibo provides confirmation 38.2%
Always looking the GREAT, never left GOOD Point...
  • #302,700
  • Mar 8, 2012 5:36am Mar 8, 2012 5:36am
precipitous pullback or is it more ? ..testing topside of previous 4hr/1hr descending t/line now around 50% of the daily move up from 5723.

5min hidden div still there but no optimum PA to go with it on that t/f, 15min hidden div also there now.

wouldn't be surprised to see an attempt or more to go higher again ..although Uk data @ 12pm gmt.

G/L
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