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Cable Update (GBPUSD)

  • #314,841
  • May 27, 2012 10:00am May 27, 2012 10:00am
guys I found a new pattern to trade e/u

What do you think?

(no i am just killing my time)
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There shall be no QE3
  • #314,842
  • May 27, 2012 10:49am May 27, 2012 10:49am
Quoting Flatfish
Retail positoning is now slightly bullish on cable, that combined with bearish chart formations means I will continue looking for sells- since I will only trade in the opposite direction of the punters when it comes to cable since most cable traders are terrible. Not a dig at folks here just a fact cable is exceptionaly hard for amateurs to trade since it is heavily influenced by bank flows, and you can interpret that how you will (* cough* manipulation). Anyway try to avoid following the retailers with cable since lemmings can't fly.

  • #314,843
  • May 27, 2012 12:49pm May 27, 2012 12:49pm
Quoting Helloguys
guys I found a new pattern to trade e/u

What do you think?

(no i am just killing my time)
Its the Star of David and well done for spotting it!

The appearance suggests that people who are long on EU will suffer financial losses (only joking ).

See a link to an interesting article in today's Telegraph. For the Eurozone, the worst is yet to come.

On a serious note, I expect a small retrace tomorrow by Cable before its downward move.

GL
  • #314,844
  • May 27, 2012 1:34pm May 27, 2012 1:34pm
Quoting Rasi
Its the Star of David and well done for spotting it!

The appearance suggests that people who are long on EU will suffer financial losses (only joking ).

See a link to an interesting article in today's Telegraph. For the Eurozone, the worst is yet to come.

On a serious note, I expect a small retrace tomorrow by Cable before its downward move.

GL
Perhaps we will see a gap down..
  • #314,845
  • May 27, 2012 2:08pm May 27, 2012 2:08pm


anyway, good luck you all, i'm having a busy week!
byebye
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90% of traders use TA, indicators and prediction
  • #314,846
  • May 27, 2012 2:10pm May 27, 2012 2:10pm
Quoting A-speculator
Perhaps we will see a gap down..
I think you are wrong!
From XE:
E/U: 1.25532G/U: 1.56787
  • #314,847
  • May 27, 2012 3:09pm May 27, 2012 3:09pm
http://www.zerohedge.com/news/china-...nsact-directly

interesting thing to know.
very interesting!!!
90% of traders use TA, indicators and prediction
  • #314,848
  • May 27, 2012 3:10pm May 27, 2012 3:10pm
this week,buying time.waiting open market,too comfirm gappies low or high.support level last thursday.but be carefull this week NFP.we may see 1.59 area again or higher.


"dont optimist with 1 direction,swing up n down.be friends with bull
and bear"
patient is my attitude, rushing is a dog
  • #314,849
  • May 27, 2012 3:18pm May 27, 2012 3:18pm
Quoting _BBKing_
http://www.zerohedge.com/news/china-...nsact-directly

interesting thing to know.
very interesting!!!

nice..tq for sharing sire
patient is my attitude, rushing is a dog
  • #314,850
  • May 27, 2012 5:04pm May 27, 2012 5:04pm
Quoting _BBKing_
http://www.zerohedge.com/news/china-...nsact-directly

interesting thing to know.
very interesting!!!
Interesting BB, 16 pip gap up, not much, but no gap down. I may not trade this week. LOL who am I kidding, I'm as disciplined as a kid with a new bike, but I will be very interested in this months close
Come with me if you want to live....
  • #314,851
  • May 27, 2012 5:37pm May 27, 2012 5:37pm
Quoting Ill-b-back
Interesting BB, 16 pip gap up, not much, but no gap down. I may not trade this week. LOL who am I kidding, I'm as disciplined as a kid with a new bike, but I will be very interested in this months close
nah a gap in charts means nothing, unless we talk about a 100-200 pips gap from friday closing price.

i'm also very interested to see where will close the month, could be something really funny just ahead of NFP.

crazy friday 1st of new month and NFP. lol. i hope i will not need to trade this friday
90% of traders use TA, indicators and prediction
  • #314,852
  • May 27, 2012 10:23pm May 27, 2012 10:23pm
Short on Gold at 1575
still waiting for short on GBP/USD and GBP/JPY to be in positive....

Happy Trading Guys....
I am a hunter...i kill both bulls and bears...
  • #314,853
  • May 27, 2012 11:11pm May 27, 2012 11:11pm
after checking monthly cs pattern,i think it same like last year movement.if NFP Pushing lower n close monthly on last March.we may see big HnS on weekly tf 1.5987,if close upper.it may kaboom fly and dive back at lower level.
we at the middle of year range.so be carefull and happy trading on this week

"as usual be friends with bulls and bear"
monday - it play up and down
tuesday - decide direction on us season until wednesday
thursday - retrance of weekly movement
friday - decide break or reject "the fullest trick on friday"
patient is my attitude, rushing is a dog
  • #314,854
  • May 28, 2012 12:53am May 28, 2012 12:53am
waiting completed crab or butterfly in m15
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not euphoria follower
  • #314,855
  • May 28, 2012 12:59am May 28, 2012 12:59am
just scalping ol tart...

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  • #314,856
  • May 28, 2012 2:17am May 28, 2012 2:17am
1.5661
  • #314,857
  • May 28, 2012 3:28am May 28, 2012 3:28am
G/M

3 x fractal LH's and 2 x LL's now on the Daily t/f - the last LL not fractal yet...Last week's low at the 61.8% 5234-6300 and in a previous 4hr swing lo zone which itself is in a previous weekly/daily swing lo zone extending down to 5601. Recovery has found supply at the 38.2% 5847-5628 (last week's lo) / The weekly pivot and this recovery hi has seen a H on 4hr above last LH of it's general opa downtrend.

1hr remains mixed-bearish in respect of opa.

G/L
ex member
  • #314,858
  • May 28, 2012 3:58am May 28, 2012 3:58am
one more..

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  • #314,859
  • May 28, 2012 6:04am May 28, 2012 6:04am
I think price will be in range for today.There will be very less movement.

We will see during US session.I don't think there will be any strong trend today...

Anyway i have my positions on b/e and open ....

We will see what happens...but this week will start trending from 2morow..You can expect a big movement from 2morow on wards...Hell lot of News....

Happy pippin guys....
I am a hunter...i kill both bulls and bears...
  • #314,860
  • May 28, 2012 6:10am May 28, 2012 6:10am
they're sleeping but harmonic is dancing here and there ...
Quoting oathbreaker
I think price will be in range for today.There will be very less movement.

We will see during US session.I don't think there will be any strong trend today...

Anyway i have my positions on b/e and open ....

We will see what happens...but this week will start trending from 2morow..You can expect a big movement from 2morow on wards...Hell lot of News....

Happy pippin guys....
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not euphoria follower
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