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Cable Update (GBPUSD)

  • #313,321
  • May 16, 2012 3:21am May 16, 2012 3:21am
Personally I dont think buyers are reading charts lol really I dont speculators data bad but buyers in mist ,haha

event comming up in uk


Quoting bbmac
G/M

Solid bearish thrust candle on the daily yesterday and some immediate downside follow trhru into today's trading resulting in a current daily low at the 76.4% of 5817-6300.
----------------------------
Daily looks like it is in a classic opa downtrend now, 4hr and 1hr in general opa downtrends with price already at 79% of 20 day atr so far today after the > than 20 day atr day yesterday.
----------------------------
Uk data @ 0930am bst
----------------------------
PB candle last to close on 1hr
----------------------------
@/below...
Attached Image (click to enlarge)
Click to Enlarge Name: gbp lfx d1 16-5 12.gif Size: 22 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,322
  • May 16, 2012 3:25am May 16, 2012 3:25am
Quoting Acroix70
Seeing someone's else opinion can give you that eureka moment on a personal idea you were coming up with.

Don't be some naive
one must be strong in mind and no ones limits but with time u will know which folks post chart and levels and at times give u idea of perhaps shorting or longing..

nobody is always right..but u can learn everything in a forum like this..especially from a naked chart reader..i am quite surprised this bus is heading further into the pits of hells without a bus stop at 1.6
  • #313,323
  • May 16, 2012 3:36am May 16, 2012 3:36am
yesterday's hi is circled on near-term current 1hr chart below...not shown are fibs of the moves from 6300, 6245 or 6214 to current daily lo or the calculated pivots. DP is @/around 6030.

G/L
Attached Image
ex member
  • #313,324
  • May 16, 2012 3:36am May 16, 2012 3:36am
almost nothing happened
  • #313,325
  • May 16, 2012 3:37am May 16, 2012 3:37am
I dont trust it D1 says down down to next support (cable),there must be buyers and sellers to make this work fellow traders

Tl on gbp lfx = good Im thinking
Attached Image (click to enlarge)
Click to Enlarge Name: usd lfx h4 16-5 12.gif Size: 22 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,326
  • May 16, 2012 3:39am May 16, 2012 3:39am
support 1.58 odd
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,327
  • May 16, 2012 3:43am May 16, 2012 3:43am
I think everyone is waiting for the press conference...
Trade what you see not what you hope
  • #313,328
  • May 16, 2012 3:47am May 16, 2012 3:47am
heres the deal gonna be bad ,I have hotline to mervyn
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,329
  • May 16, 2012 3:51am May 16, 2012 3:51am
Those 5980/00 offers kick in at 50% 6039-current daily lo 5931 - nice 5min bear thrust engulfing and 10min IPB candle triggers there !
-----------------------------------------
How strong are the bears now ?

G/L
ex member
  • #313,330
  • May 16, 2012 3:53am May 16, 2012 3:53am
Quoting Bones
heres the deal gonna be bad ,I have hotline to mervyn

  • #313,331
  • May 16, 2012 4:00am May 16, 2012 4:00am
last 2 x 1hr closes a pinbar and an inverted pinbar Lol !

G/L
Attached Image
ex member
  • #313,332
  • May 16, 2012 4:03am May 16, 2012 4:03am
I might leave some stops on either side for the conference...
Trade what you see not what you hope
  • #313,333
  • May 16, 2012 4:03am May 16, 2012 4:03am
lol ,its bearish without doubt


Quoting bbmac
last 2 x 1hr closes a pinbar and an inverted pinbar Lol !

G/L
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,334
  • May 16, 2012 4:18am May 16, 2012 4:18am
anyone knows a live link?
Trade what you see not what you hope
  • #313,335
  • May 16, 2012 4:18am May 16, 2012 4:18am
Boe Qtrly inflation report/King statement and pres con due to start 10.30am bst

G/L
ex member
  • #313,336
  • May 16, 2012 4:19am May 16, 2012 4:19am
Quoting STIprdr
anyone knows a live link?
go to http://www.bankofengland.co.uk home page and click on Inflation Press conference link

G/L
ex member
  • #313,337
  • May 16, 2012 4:22am May 16, 2012 4:22am
thank you very much I didn't see the link...
Trade what you see not what you hope
  • #313,338
  • May 16, 2012 4:30am May 16, 2012 4:30am
it should be the usual cricketing metaphors, '..headwinds..' and risks to both sides horse shit.

What do the Uk govt give you if you spectacularly miss your targets and preside over the biggest asset bubbles that go pop in 70 years ? That's right a knighthood ! Lol Merv the Swerv became Sir Merv of Swerv lol.

G/L
ex member
  • #313,339
  • May 16, 2012 4:31am May 16, 2012 4:31am
LOL. That went down well.
  • #313,340
  • May 16, 2012 4:32am May 16, 2012 4:32am
http://www.smileygarden.de/smilie/Schockiert/tdo12.gif
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