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Cable Update (GBPUSD)

  • #309,421
  • Apr 24, 2012 3:32am Apr 24, 2012 3:32am
red..

your hope comes true for news ...

let see how market reacts....
Quoting Davit
Public Sector Net Borrowing
6 more minutes
Hoping bad news
not euphoria follower
  • #309,422
  • Apr 24, 2012 3:32am Apr 24, 2012 3:32am
Quoting smikester
The USD has been weak against other currencies since the middle of April. I use Usd/Chf as a benchmark, but some people use the USDX. Personally, I am not liking the USDX for USD sentiment at the moment because it is so heavily weighted against the Euro, which is also underperforming.

Recent fundamental news from the UK has been good - and from the US not so good. So I think we will be testing 1.6165 before we go anywhere else.

Chart:

Attachment
yeah trying the best to get that line , otherwise bo 6144/40,30,19 , 09 before 6100 start bo.
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu5.gif Size: 10 KB
Click to Enlarge Name: gu6.gif Size: 8 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #309,423
  • Apr 24, 2012 3:35am Apr 24, 2012 3:35am
Quoting A-speculator
doesn't matter what data might come out.. the price still has not indicate significant weakness to pull the price down imho.
you seem to be correct.
+15.9B
But nothing.....what a stubborn currency.So fking English
In trading, you have to be defensive and aggressive at the same time
  • #309,424
  • Apr 24, 2012 3:36am Apr 24, 2012 3:36am
i took a short at 1.6152, s/l 1.6170, t/p 1.6056.
  • #309,425
  • Apr 24, 2012 3:38am Apr 24, 2012 3:38am
Quoting Davit
you seem to be correct.
+15.9B
But nothing.....what a stubborn currency.So fking English
i can't figure out why you think the price want to go down, 4h has not indicate any valid consolidation that shows weakness in the pattern.. whatever you think, it's just in your head..

imho, it's not a good idea to gamble a position based on our thinking only, it must also supported by the PA..
  • #309,426
  • Apr 24, 2012 3:39am Apr 24, 2012 3:39am
Quoting PoundTrader
i took a short at 1.6152, s/l 1.6170, t/p 1.6056.
That SL is too close.Its in the seating duck area.Right above 65. I would go higher.
I have 3 shorts and I got my SL 6207.
In trading, you have to be defensive and aggressive at the same time
  • #309,427
  • Apr 24, 2012 3:39am Apr 24, 2012 3:39am
G/M,

Another bullish daily candle close yesterday making it 6 in a row on that t/f, albeit yesterday's pip range was very subdued asnd well below the 20 day atr.

The pullback off last week's 6148 hi found support at the prevuous minor 4hr/1hr swing hi (previous resistance) and price is again challenging the previous weekly/daily swing hi zone leading up to 6165 and has made a Hi slightly above last week's 6148 Hi.

@/above the current price:

6136-65 prev Wkly/Daily sw hi zone incl 6164= 76.4% 6454-5234 and Monthly R1 @/around
6167 61.8% 6746-5234
6170 Daily R2 @/around
6207 Daily R3 @/around
6240-79 prev minor Daily sw lo zone (non immed) incl 6241 = Weekly R1 @/around, and 6275= 85.4% 6454-5234
6289 76.4% 6617-5234
6316 Monthly R2 @/around
6335-40 Weekly descending trend line on present Daily candle (Tuesday)
6360 Weekly R2 @/around
6388 76.4% 6746-5234
6415 85.4% 6617-5234
6420-53 prev Daily sw hi zone
6524 85.4% 6746-5234
[ 6550-73 prev Daily sw hi zone incl 6571 = Weekly R3 @/around
[ 6560-70 Weekly descending trend line on present Daily candle (Tuesday)
6580-6617 prev Weekly/Daily sw hi zone incl 6597 = Monthly R3 @/around

G/L
ex member
  • #309,428
  • Apr 24, 2012 3:40am Apr 24, 2012 3:40am
Quoting A-speculator
i can't figure out why you think the price want to go down, 4h has not indicate any valid consolidation that shows weakness in the pattern.. whatever you think, it's just in your head..

imho, it's not a good idea to gamble a position based on our thinking only, it must also supported by the PA..
he is in the red and now wishing it goes down..might happen but like u said..entering here a short is like trying to catch a falling knife
  • #309,429
  • Apr 24, 2012 3:40am Apr 24, 2012 3:40am
take a relax... why u look so angry mate ?


Quoting Davit
you seem to be correct.
+15.9B
But nothing.....what a stubborn currency.So fking English
not euphoria follower
  • #309,430
  • Apr 24, 2012 3:44am Apr 24, 2012 3:44am
Quoting iqyu5an
take a relax... why u look so angry mate ?
because u dont want give him a kiss
If there was easy money lying around,no one would be forcing it into your
  • #309,431
  • Apr 24, 2012 3:44am Apr 24, 2012 3:44am
Quoting LIghtcycles
Fx.Fishermen,

How far up do you think GBPUSD will go today for a great SELL entry point with a minimum drawdown? Do you believe that 1.6060 on GBPUSD will be hit today itself without major drawdown if SELL order is placed at the current consolidation price level (around 1.6117)?

~LC
Yes i am counting on that i have several accounts not one
i sold in all accounts both GBPUSD and GBPCAD,
but you should know that no one is perfect in forex, but Pound will drop and it will take euro also with it.i have 12-18 hours time frame to get there if not i close what ever the profit is , i am trading on time, means i am time trader. different strategy but working for me around 4 years, so last time also i tried to warn you guys but no one listened to me so last drop the whole forex factory was saying buy buy buy.
its maybe you never heard before tome trader.
but that is the truth, so i am waiting for the drop.
and i sold heavy in many accounts.
Thank You.
  • #309,432
  • Apr 24, 2012 3:45am Apr 24, 2012 3:45am
Quoting nAVIN2007
he is in the red and now wishing it goes down..might happen but like u said..entering here a short is like trying to catch a falling knife
yeah, emotional always get in the way.. the hope and the greed..

anyway, let's hope for the best for all traders in this thread, whatever his doing, i'm sure he has an exit plan..
  • #309,433
  • Apr 24, 2012 3:46am Apr 24, 2012 3:46am
Quoting PoundTrader
i took a short at 1.6152, s/l 1.6170, t/p 1.6056.
You always make a good position mate...congratulations.....
  • #309,434
  • Apr 24, 2012 3:48am Apr 24, 2012 3:48am


****

how's that girl ?
Quoting FXMindset
because u dont want give him a kiss
not euphoria follower
  • #309,435
  • Apr 24, 2012 3:54am Apr 24, 2012 3:54am
Quoting Red Alert
You always make a good position mate...congratulations.....

I entered at 1.6143
  • #309,436
  • Apr 24, 2012 3:54am Apr 24, 2012 3:54am
Quoting A-speculator
yeah, emotional always get in the way.. the hope and the greed..

anyway, let's hope for the best for all traders in this thread, whatever his doing, i'm sure he has an exit plan..
lets hope so
  • #309,437
  • Apr 24, 2012 3:54am Apr 24, 2012 3:54am
Quoting Davit
That SL is too close.Its in the seating duck area.Right above 65. I would go higher.
I have 3 shorts and I got my SL 6207.
i don't know what im doing, i need help
  • #309,438
  • Apr 24, 2012 3:58am Apr 24, 2012 3:58am
Cable traders are shorting and shorting and the pair is jut not ready to fall..

lot of stops will be hunt..

Attached Image
  • #309,439
  • Apr 24, 2012 4:00am Apr 24, 2012 4:00am
Quoting iqyu5an


****

how's that girl ?
where is he? ..his chart have become very good, quite impressed with his progress
  • #309,440
  • Apr 24, 2012 4:01am Apr 24, 2012 4:01am
...it feels as though if 6165 breaks to the upside there isn't a lot there until 6240, see below;

6145-65 prev Wkly/Daily sw hi zone incl 6164= 76.4% 6454-5234 and Monthly R1 @/around
6167 61.8% 6746-5234
6170 Daily R2 @/around
6207 Daily R3 @/around
6240-79 prev minor Daily sw lo zone (non immed) incl 6241 = Weekly R1 @/around, and 6275= 85.4% 6454-5234

So, unless it's a stop hunt to pick up stops above it before revesing a convincing break opens up that 6240 area ?

Bad Uk Public borrowing data and clearly some supply still in this zone to 6165.

G/L
ex member
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