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Cable Update (GBPUSD)

  • #315,381
  • Jun 1, 2012 4:18am Jun 1, 2012 4:18am
Quoting _BBKing_
hello :-)
long time no see! hope everythig ok!
i'm out of any trade. cutted also some small long in uJ opened near 78.20.

GU? i don't TOUCH IT!!

have you any view in gold??? if start to go up, 1500 is a great area to buy. not today, not now!! i mean can be an idea....

Hi there ,

all fine still in one piece just closed all the EU trades with an unexpected gain despite all the looses I took on it on the SL's (last long opened @ 1.2430 aiming for 1.25)
what scares me most at this pair is that acc to ichi there is a perfect sell signal on M chart meaning price will tank some 2000-3000 pips but before the big fall it needs a pullback to 1.30-33 area if I look at the lines but it all depends on Greece now and the elections and the other things we have in the world.
soon enough investors will realise that USD is not such a good currency to hold.

gold....well I'm long on it with 0.01 lots =)) sinec 1580 level aiming for 1720

this should be easy considering that panic will hit most investors that will buy even kriptonyte just to be safe against all currencies that fail lately.

so in this view 1498 is a decent level to buy if this level 1550-1540 fails and I expect it to be taken out soon

a sell @ 1553 with a 1500-1498 as TP would be great for today.
EU will do same
  • #315,382
  • Jun 1, 2012 4:18am Jun 1, 2012 4:18am
Quoting Ranke Ali
Newbie q: what is NFP??
it is the Non Farm Payroll data released today in employment report in USA.
it shows new job creations in USa.
must read it together with unemploy rate and other data.
one of most important data in world economy actually.
maybe the mosst one.
90% of traders use TA, indicators and prediction
  • #315,383
  • Jun 1, 2012 4:20am Jun 1, 2012 4:20am
Quoting Ranke Ali
Newbie q: what is NFP??
U.s Non Farm Payrolls employment report due later 1330pm Uk time

G/L
ex member
  • #315,384
  • Jun 1, 2012 4:21am Jun 1, 2012 4:21am
I wish this price would stop going down - I have to keep altering my fibs Lol !

G/L
ex member
  • #315,385
  • Jun 1, 2012 4:25am Jun 1, 2012 4:25am
Quoting Mpt
Without sounding overly childish, this is the chart and analysis I posted on February 28 (3 months ago). So far so good.


Attachment

http://www.forexfactory.com/showthre...81#post5424981


... although the bottom is anyone's guess
wow
  • #315,386
  • Jun 1, 2012 4:25am Jun 1, 2012 4:25am
Quoting _BBKing_
it is the Non Farm Payroll data released today in employment report in USA.
it shows new job creations in USa.
must read it together with unemploy rate and other data.
one of most important data in world economy actually.
maybe the mosst one.

I know you miss the buy switch.
how are you man?
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #315,387
  • Jun 1, 2012 4:27am Jun 1, 2012 4:27am
Quoting redbeben
Hi there ,

all fine still in one piece just closed all the EU trades with an unexpected gain despite all the looses I took on it on the SL's (last long opened @ 1.2430 aiming for 1.25)
what scares me most at this pair is that acc to ichi there is a perfect sell signal on M chart meaning price will tank some 2000-3000 pips but before the big fall it needs a pullback to 1.30-33 area if I look at the lines but it all depends on Greece now and the elections and the other things we have in the world.
soon enough investors will realise that USD is...
agreed in everything
problem with techs in this situation is that there is not techs, but one day beginning from an X pip, techs will be again true and kill everybody.
meanwhile i have a bit of study ( "bit" ) in gold.

daily chart shows a possible continuation pattern downward.
you see green line is where during june could happen some moves. today a 'minor' one could cause a ping pong within 1500-1560.

what i'm looking is to wait price to reach green area to search longs. it is not that far from here. if price goes there and shows good reasons, can be a great area to buy.

on the other side the 1700 levels can give it a big slap.

uhm... i will enjoy the movie today during NY session.
meanwhile will check for brokers where i can find the kriptonyte charts
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_XAU_USD_Daily_snapshot.jpg Size: 77 KB
90% of traders use TA, indicators and prediction
  • #315,388
  • Jun 1, 2012 4:27am Jun 1, 2012 4:27am
Quoting _BBKing_
it is the Non Farm Payroll data released today in employment report in USA.
it shows new job creations in USa.
must read it together with unemploy rate and other data.
one of most important data in world economy actually.
maybe the mosst one.
Thanks BB
  • #315,389
  • Jun 1, 2012 4:28am Jun 1, 2012 4:28am
Quoting bbmac
U.s Non Farm Payrolls employment report due later 1330pm Uk time

G/L
  • #315,390
  • Jun 1, 2012 4:32am Jun 1, 2012 4:32am
Quoting Zircon
I know you miss the buy switch.
how are you man?
everything OK thanks!
problem is not about buy or sell..... here the problem is to get into these moves.
i'm TOTALLY unable to get into such moves. i'm sure that the exact second i open a short, i will do in the multy days/weeks lowest pip.
so spending time in something else than trading.....
90% of traders use TA, indicators and prediction
  • #315,391
  • Jun 1, 2012 4:35am Jun 1, 2012 4:35am
Quoting Ranke Ali
Thanks BB
a tip:
today don't trade around that release.
and don't look at color of data.

data can be good or bad. but market could move in a direction not caring about the color of news.

if today for misterious reasons price need to breake below 1.52, stay sure that it will do.
monday a new week will start and market will be here.
i hope ....
90% of traders use TA, indicators and prediction
  • #315,392
  • Jun 1, 2012 4:40am Jun 1, 2012 4:40am
Quoting _BBKing_
everything OK thanks!
problem is not about buy or sell..... here the problem is to get into these moves.
i'm TOTALLY unable to get into such moves. i'm sure that the exact second i open a short, i will do in the multy days/weeks lowest pip.
so spending time in something else than trading.....
Ok i see.

Actually i do not see any entry for buy unless some thief zones.

Happy to see your posting in here.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #315,393
  • Jun 1, 2012 4:44am Jun 1, 2012 4:44am
here's the short entry on Gold
I entered @ 1553 and aiming 1500 for now

just pay attention as gold and EU go hand in hand either to destruction either to heaven

for now I will put the SL @1563

I'm pretty sure it will happen later this month as it happened last month when I was short on all possible EU,cable,long on USDCAD,USDCHF and I was asking myself how come EU is still climbing when Greece will blow it and I was shaking my pants @ 1.33 ....

now I bet will happen the same as soon as investors will realise that USA is the black hole of debts in the whole wide universe and the dollars they own worth no more than a bunch of I.O.U-s and then,the shorts will turn to longs and so on.....market keeps moving.
Attached Image (click to enlarge)
Click to Enlarge Name: gold.jpg Size: 26 KB
  • #315,394
  • Jun 1, 2012 4:50am Jun 1, 2012 4:50am
Quoting _BBKing_
a tip:
today don't trade around that release.
and don't look at color of data.

data can be good or bad. but market could move in a direction not caring about the color of news.

if today for misterious reasons price need to breake below 1.52, stay sure that it will do.
monday a new week will start and market will be here.
i hope ....
We all hope

don't worry now am already in profit and i let my SL in profit if it go against me it will take my profit and go out if it move with me (AND I HOPE THAT ) it will make more profit

And as you know ... Who is know
  • #315,395
  • Jun 1, 2012 4:51am Jun 1, 2012 4:51am
Quoting redbeben
here's the short entry on Gold
I entered @ 1553 and aiming 1500 for now

just pay attention as gold and EU go hand in hand either to destruction either to heaven

for now I will put the SL @1563

I'm pretty sure it will happen later this month as it happened last month when I was short on all possible EU,cable,long on USDCAD,USDCHF and I was asking myself how come EU is still climbing when Greece will blow it and I was shaking my pants @ 1.33 ....

now I bet will happen the same as soon as investors will realise that USA is the black...

wtf why you don't simply click right button on charts and save them on desktop to upload in forum??? it is so small that i can't read it

anyway i agree about usd... IMO, can't substain for long time such a strenght it these conditions.
they will find a way to kick it down in the worst way they could do. that's for sure. problem is WHEN and from WHERE. lol
90% of traders use TA, indicators and prediction
  • #315,396
  • Jun 1, 2012 4:53am Jun 1, 2012 4:53am
already triggered a short in GU now

I aim for 5250-5236 SL 5345

@bbking....I don't even know how to calculate the pips on Gold but so far I have 20 usd on the short trade ...this one opened with 0.10 coz I was brave

I guess that I will have 520 usd on the short from 1553 to 1500 ?

wow I will be rich on one trade ...I think I will trade gold from now on...or kriptonyte

tha't it for now,I'm going to do some kitesurf now see ya later

p.s. sorry for the small chart.I blew it again,I need to download again the printscreen tool
  • #315,397
  • Jun 1, 2012 4:54am Jun 1, 2012 4:54am
Quoting Ranke Ali
We all hope

don't worry now am already in profit and i let my SL in profit if it go against me it will take my profit and go out if it move with me (AND I HOPE THAT ) it will make more profit

And as you know ... Who is know
yes we are not allowed to know what can happen!
surely, today will happen the most un.expectable thing
90% of traders use TA, indicators and prediction
  • #315,398
  • Jun 1, 2012 4:55am Jun 1, 2012 4:55am
some demand then in top half of that previousswing low zone that extends down to 5234 described earlier...classic divergence plays on 1 3 and 5min there - 5min below.

This zone extends to 5234 with price now @ 145% 20 day atr, 5266 the current daily low.

G/L with U.s NFP later. Remember - trade what you see (if anything) not what you think - the market is always right !

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: 1025 5min Rev B and fulkl exp tri-pt.5.jpg Size: 89 KB
ex member
  • #315,399
  • Jun 1, 2012 4:59am Jun 1, 2012 4:59am
Quoting _BBKing_
2 years ago in this very similar scenario, market began to over buy gold like there was nothing else to do.
now, let's say that things are different and gold price also is 50% more than 2 years ago.
but what to do with papers? we were talking few days ago about this.
who could now buy USD or GBP or EUR or Cyuan etc...??
this scenario is simply showing investors the insane volatility. if everybody begins to move their money in gold, 1600 will be eat like nothing, very soon. then 1700 and 1800 will simply improve buy mania. the more will go up the...
Looking at the Gold graph, why isn't it tanking??
People are onto it and have been since this mess began.
China Treasury holdings have lost about a third of their value over the last 10 years and they are not happy about it and buying Gold big time.
Anyway, I am honestly not an expert on this, I just listen to the experts with experience and a track record.
I don't trade Gold may may look for a breakout in Silver if and when the next US QE comes.

I've got to go to the movies now, so have a great weekend guys.
Come with me if you want to live....
  • #315,400
  • Jun 1, 2012 5:01am Jun 1, 2012 5:01am
Quoting redbeben
already triggered a short in GU now

I aim for 5250-5236 SL 5345

@bbking....I don't even know how to calculate the pips on Gold but so far I have 20 usd on the short trade ...this one opened with 0.10 coz I was brave

I guess that I will have 520 usd on the short from 1553 to 1500 ?

wow I will be rich on one trade ...I think I will trade gold from now on...or kriptonyte

tha't it for now,I'm going to do some kitesurf now see ya later

p.s. sorry for the small chart.I blew it again,I need to download again the printscreen tool...
gold pipping depends on broker's lev and cfd rules etc...
in mine, smallest trade in gold is 0.90 € each 1$ x oz move. so if moves to 1552 to 1551 i profit (or lose) 0.90€

so a move from 1400 to 2500 is some 9k € profits

for the screen you simply need to "right button" click directly on charts, and save the "2nd option" appearing in the menu.
Attached Image
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