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Cable Update (GBPUSD)

  • #312,401
  • May 10, 2012 3:17am May 10, 2012 3:17am
sellers seem to be hiding somewhere below 1. 6100 , probably at 1.6090?
The market will deceive you. Make your own judgement.
  • #312,402
  • May 10, 2012 3:22am May 10, 2012 3:22am
Quoting poundmaster
HI everyone, should I buy GBP/USD today at 1.6050?
you should make your own trading decisions based on your own trading edge - if you don't have an edge you will lose money trading over time.

G/L
ex member
  • #312,403
  • May 10, 2012 3:27am May 10, 2012 3:27am
Quoting poundmaster
HI everyone, should I buy GBP/USD today at 1.6050?
Yes put everything on it with no stops!
  • #312,404
  • May 10, 2012 3:37am May 10, 2012 3:37am
Cable was falling so nicely but the good data spoiled it now..

looks still for more down pressure, but the data may bring it to retracement again. lets see
  • #312,405
  • May 10, 2012 3:39am May 10, 2012 3:39am
the knee-jerk £ buying on that data may be on the manuf prod @ +0.9% but this only makes up 10% of the overall ind prod # which came in at -0.3% ! strange ?
--------------------------------

re opa - daily remains in a general opa uptrend, 4hr in a general opa downtrend, and 1hr somewhat mixed now.

G/L
ex member
  • #312,406
  • May 10, 2012 3:47am May 10, 2012 3:47am
pullback or more ?

1 and 3min classic bullish div plays at the lo - 1min below.

How will 1hr close ?

G/L
Attached Image (click to enlarge)
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ex member
  • #312,407
  • May 10, 2012 3:49am May 10, 2012 3:49am
Quoting bbmac
pullback or more ?


How will 1hr close ?

G/L
Looking like doji or spinning top, lets wait
swing it!
  • #312,408
  • May 10, 2012 3:54am May 10, 2012 3:54am
Quoting bmpearsall
Yes put everything on it with no stops!
  • #312,409
  • May 10, 2012 4:00am May 10, 2012 4:00am
bearish close on the 1hr (and 4hr on my feed) and a new lower current daily lo @ Weekly S1

G/L
ex member
  • #312,410
  • May 10, 2012 4:02am May 10, 2012 4:02am
We may see test of that long shadow but it is a clear rejection of bull power for me

http://s13.postimage.org/bbzjtq1kn/cabel.gif
upload pictures
swing it!
  • #312,411
  • May 10, 2012 4:05am May 10, 2012 4:05am
Quoting poundmaster
HI everyone, should I buy GBP/USD today at 1.6050?
If we touch 6050 today and close above it, I will be looking for PA clues. But if you do trade, use a stop
Come with me if you want to live....
  • #312,412
  • May 10, 2012 4:19am May 10, 2012 4:19am
Will Uk Boe's MPC have a shock in store re rate or more Qe ? Data and possinble statement at 12 noon bst.

G/L
ex member
  • #312,413
  • May 10, 2012 4:22am May 10, 2012 4:22am
On 1 hour chart ...

shall the price test 1.6065 area ?

what's your opinion fellow traders?
Attached Image (click to enlarge)
Click to Enlarge Name: 1hr gbpusd 3.gif Size: 15 KB
The market will deceive you. Make your own judgement.
  • #312,414
  • May 10, 2012 4:29am May 10, 2012 4:29am
Quoting ninjafx
On 1 hour chart ...

shall the price test 1.6065 area ?

what's your opinion fellow traders?
1,60650 was crack n' snap moment from 1,60795 level.
I am counting on it as it'd be perfect TP for my short

Edit bulls trying again I don't like M30 atm
swing it!
  • #312,415
  • May 10, 2012 4:41am May 10, 2012 4:41am
Quoting ninjafx
On 1 hour chart ...

shall the price test 1.6065 area ?

what's your opinion fellow traders?
I'd like to see 6050
Come with me if you want to live....
  • #312,416
  • May 10, 2012 4:41am May 10, 2012 4:41am
Quoting Ill-b-back
If we touch 6050 today and close above it, I will be looking for PA clues. But if you do trade, use a stop

this is not good enough!!!..bad advise

should be..need stop close
Attached Image
  • #312,417
  • May 10, 2012 4:49am May 10, 2012 4:49am
6090 is really getting a mofu level on cable..
  • #312,418
  • May 10, 2012 4:50am May 10, 2012 4:50am
How strong are the buyers then at Weekly S1 ?
------------------------------
1Hr remains very mixed re opa after the downside break out of the asian lo and double 1hr lo
-----------------------------
Uk Boe/Mpc data @ 12pm bst

G/L
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ex member
  • #312,419
  • May 10, 2012 4:52am May 10, 2012 4:52am
Quoting nAVIN2007
this is not good enough!!!..bad advise

should be..need stop close
Yeah sorry, anything more than a 1000 pip stop is just fcuking rediculous
Come with me if you want to live....
  • #312,420
  • May 10, 2012 4:58am May 10, 2012 4:58am
Quoting Ill-b-back
Yeah sorry, anything more than a 1000 pip stop is just fcuking rediculous
removing stops because you think your trade is gonna turn in your fav is fcuking rediculous when the the trade continue to go against you, then your stuck with 1k pip loss instead of 100 pip loss
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