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Cable Update (GBPUSD)

  • #307,281
  • Apr 11, 2012 2:50am Apr 11, 2012 2:50am
Good day to you,

Holding 1 long still with fib as support. Closed 1 position earlier with touch of old resistance. Trailing SL below. I believe we may move a bit higher still - but protecting.

To close when NY opens - if i'm still in.
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  • #307,282
  • Apr 11, 2012 2:52am Apr 11, 2012 2:52am
Quoting Ill-b-back
Like I said before, 8 years training for the ping pong Olympics. At 100,000 lots ($1million/pip) why are you here man? Go get drunk and arrested bro What do you mean by 100kLOTS, is that 1 lot?
, i wish i was trading that big. trade size is 100k= 100k lot as in 1 lot
  • #307,283
  • Apr 11, 2012 2:53am Apr 11, 2012 2:53am
Quoting TauTrader
Good day to you,

Holding 1 long still with fib as support. Closed 1 position earlier with touch of old resistance. Trailing SL below. I believe we may move a bit higher still - but protecting.

To close when NY opens - if i'm still in.
Here is a daily chart I prepared earlier Tau, you like it?
Maybe why PA doesn't know WTF it is doing right now I think.
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Come with me if you want to live....
  • #307,284
  • Apr 11, 2012 2:55am Apr 11, 2012 2:55am
Quoting PoundTrader
, i wish i was trading that big. trade size is 100k= 100k lot as in 1 lot
Right, thx to you and Bguguen
Come with me if you want to live....
  • #307,285
  • Apr 11, 2012 3:08am Apr 11, 2012 3:08am
Quoting PoundTrader
im short at 1.5927, s/l 1.5987, t/p 1.5824

I just got up - missed that entry
I don't trust any move - when you have profit...take it.
  • #307,286
  • Apr 11, 2012 3:17am Apr 11, 2012 3:17am
Quoting Ill-b-back
Here is a daily chart I prepared earlier Tau, you like it?
Maybe why PA doesn't know WTF it is doing right now I think.
Good day to you, Sir

Clearly congested..

Attempted break-out this morning blocked by resistance - then re-testing. We do have fib support though - will see.

She must take me out if she wants to... Will change direction instantly if need be.

All success to you.

Regards
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  • #307,287
  • Apr 11, 2012 3:19am Apr 11, 2012 3:19am
Quoting Faller
I just got up - missed that entry
this fcker gotta break out sooner or later
  • #307,288
  • Apr 11, 2012 3:24am Apr 11, 2012 3:24am
it's about to be a murda ( it's the first 48 )
  • #307,289
  • Apr 11, 2012 3:25am Apr 11, 2012 3:25am
G/M

Tusday's lo (5807) came at that previous minor daily/4hr swing lo zone extending down to 5798 and the recovery from there has seen supply in early London trading at the previous 4hr/1hr sw hi zone confluence with Daily R1, 50% 6045-5803 and descending 4hr/1hr trend line.

Below the current pullback lo (@ Monthly Pivot) as near-term 1hr screenshot below with DP = @/around 5866, Daily S1 = @/around 5803

Above the Current daily hi and the zone pictured on 1hr chart below:

5932 50% 6061-5803
5952 61.8% 6045-5803
5956-62 prev minor 1hr sw lo zone incl 5962=61.8% 6061-5803
5968-71 prev 1hr sw hi zone
5974-81 prev 4hr/1hr sw lo zone
5987 Daily R2 @/around
5988 76.4% 6045-5803
5995-6004 prev minor 4hr/1hr sw lo zone incl 6000=76.4% 6061-5803
6010 85.4% 6045-5803
6016-20 prev minor 1hr sw lo/1hr sw hi zone
6021 Weekly R1 @/around
6023 85.4% 6061-5803
[ 6030-35 descending Daily trend line on present Daily candle
[ 6035-40 prev 1hr sw hi zone
6041-45 prev 4hr/ 1hr sw hi zone incl 6045 = Daily R3 @/around
[ 6050-60 descending Daily trend line on present Daily candle
[ 6053-61 prev Daily/ 4hr/1hr sw hi zone

G/L
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ex member
  • #307,290
  • Apr 11, 2012 3:27am Apr 11, 2012 3:27am
Quoting PoundTrader
this fcker gotta break out sooner or later

I cannot buy this pair at this price level - Although a higher time frame is giving a little bullish signal - I am flat. Will wait to see how things play out....Europe is selling off right now - may have to wait until NYC comes into the market to get a better direction.

Faller.
I don't trust any move - when you have profit...take it.
  • #307,291
  • Apr 11, 2012 3:47am Apr 11, 2012 3:47am
Quoting Faller
I cannot buy this pair at this price level - Although a higher time frame is giving a little bullish signal - I am flat. Will wait to see how things play out....Europe is selling off right now - may have to wait until NYC comes into the market to get a better direction.

Faller.

Wednesday, April 11, 2012 1:46:29 AM (ID) Indonesia said to have reported earthquake registered as high as 8.9; tsunami warning issued

Have Market Intel? TradeTheNews.com Tip Line -> Click Here

  • #307,292
  • Apr 11, 2012 3:52am Apr 11, 2012 3:52am
Quoting Allseeingeye

Wednesday, April 11, 2012 1:46:29 AM (ID) Indonesia said to have reported earthquake registered as high as 8.9; tsunami warning issued

Have Market Intel? TradeTheNews.com Tip Line -> Click Here


Yes I just heard that - how are you doing today?
I don't trust any move - when you have profit...take it.
  • #307,293
  • Apr 11, 2012 3:53am Apr 11, 2012 3:53am
Quoting Allseeingeye

Wednesday, April 11, 2012 1:46:29 AM (ID) Indonesia said to have reported earthquake registered as high as 8.9; tsunami warning issued

Have Market Intel? TradeTheNews.com Tip Line -> Click Here

i sincerely dont see what the relevance there is with this news and the GBPUSD...

Todays upmove was to take out the 1.5900 options before it expires, big boys doing whatever they can to milk the market as much as they can... with 1.59 gone we can now head down to test for 1.58 since we have another option expire today at 1.58, it be interesting if they're gona go after it....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #307,294
  • Apr 11, 2012 3:54am Apr 11, 2012 3:54am
base on price action of yesterday we should be heading back down gonna get some sleep
  • #307,295
  • Apr 11, 2012 3:56am Apr 11, 2012 3:56am
Good day,


No momentum. I'm a bit stuck here. Will not short until we break out lower - this below 1.5850. So have to sit it out for now.


Regards
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  • #307,296
  • Apr 11, 2012 3:59am Apr 11, 2012 3:59am
Quoting TauTrader
Good day,


No momentum. I'm a bit stuck here. Will not short until we break out lower - this below 1.5850. So have to sit it out for now.


Regards
  • #307,297
  • Apr 11, 2012 3:59am Apr 11, 2012 3:59am
Quoting bguguen
i sincerely dont see what the relevance there is with this news and the GBPUSD...

Todays upmove was to take out the 1.5900 options before it expires, big boys doing whatever they can to milk the market as much as they can... with 1.59 gone we can now head down to test for 1.58 since we have another option expire today at 1.58, it be interesting if they're gona go after it....

that 1.59 option expires at 10AM EST New York time....
I don't trust any move - when you have profit...take it.
  • #307,298
  • Apr 11, 2012 4:01am Apr 11, 2012 4:01am
Quoting Faller
that 1.59 option expires at 10AM EST New York time....
reason why we saw the up move today... clearly the big boys want to take it out before it really does expire...
Expired options worths nothing to them....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #307,299
  • Apr 11, 2012 4:06am Apr 11, 2012 4:06am
Quoting TauTrader
Good day,


No momentum. I'm a bit stuck here. Will not short until we break out lower - this below 1.5850. So have to sit it out for now.


Regards
Closing long.

Regards
  • #307,300
  • Apr 11, 2012 4:10am Apr 11, 2012 4:10am
Quoting Allseeingeye

Wednesday, April 11, 2012 1:46:29 AM (ID) Indonesia said to have reported earthquake registered as high as 8.9; tsunami warning issued

Have Market Intel? TradeTheNews.com Tip Line -> Click Here


confirmed tsunami

hope iii-be-back will be ok......

let us know what is going on
I don't trust any move - when you have profit...take it.
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