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Cable Update (GBPUSD)

  • #315,701
  • Jun 7, 2012 2:22am Jun 7, 2012 2:22am
Quoting TauTrader
Good day to you,

Gonna close @ 1.5500 or just over. May run past a bit, but will look to re-enter long from lower down. Daily chart for me still long setup, but 4hr chart asks me to TP and re-enter later.

All success

Regards
Nice trading TT -- good to see you
  • #315,702
  • Jun 7, 2012 3:00am Jun 7, 2012 3:00am
hello all.
i'm also in long position @5443 with half size.
looking to add in 5500-20 once eventually broken and proved support.

my target area is between 1.5600 and 1.5640.
actually locked @BE+some
price should be attracted near 1.56. must be cautious wih BOE data coming soon and also with USA calendar.

things will not be easy.
hey, did things ever been easy
Attached Image (click to enlarge)
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90% of traders use TA, indicators and prediction
  • #315,703
  • Jun 7, 2012 3:00am Jun 7, 2012 3:00am
Quoting PoundTrader
im long at 1.5442, s/l 1.5405, t/p 1.5659
lets go
  • #315,704
  • Jun 7, 2012 3:05am Jun 7, 2012 3:05am
gonna see 1.566.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #315,705
  • Jun 7, 2012 3:11am Jun 7, 2012 3:11am
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not euphoria follower
  • #315,706
  • Jun 7, 2012 3:11am Jun 7, 2012 3:11am
Quoting Zircon
gonna see 1.566.

there are many bumps in the road before that number - can you elaborate as to why this is the first number you see?

Thanks,

Faller.
I don't trust any move - when you have profit...take it.
  • #315,707
  • Jun 7, 2012 3:16am Jun 7, 2012 3:16am
Personally, I have my eyes on major resistance at 5526 and how price reacts once there.
  • #315,708
  • Jun 7, 2012 3:23am Jun 7, 2012 3:23am
stopped out @ 1.5500 for 65 pips

opened sell @1.5510 targetting somewhere down ....1.5420 maybe but we'll keep a tight SL @ 1.5555
  • #315,709
  • Jun 7, 2012 3:25am Jun 7, 2012 3:25am
Quoting Faller
there are many bumps in the road before that number - can you elaborate as to why this is the first number you see?

Thanks,

Faller.
Hi,
Market rejected 1.54 low.
Candells says nice morning star in daily TF, when u see this in daily for sure the market will trading higher.


if u are selling short stick in ur setup may be i am wrong.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #315,710
  • Jun 7, 2012 3:26am Jun 7, 2012 3:26am
Quoting redbeben
stopped out @ 1.5500 for 65 pips

opened sell @1.5510 targetting somewhere down ....1.5420 maybe but we'll keep a tight SL @ 1.5555
Same here bro

cheers
  • #315,711
  • Jun 7, 2012 3:27am Jun 7, 2012 3:27am
it's a uptrend get in where yo fit in.
  • #315,712
  • Jun 7, 2012 3:28am Jun 7, 2012 3:28am
Quoting PoundTrader
im long at 1.5442, s/l 1.5405, t/p 1.5659
come on long
  • #315,713
  • Jun 7, 2012 3:29am Jun 7, 2012 3:29am
nice representation of market!
some are long, some others are short

let's see what will happen
90% of traders use TA, indicators and prediction
  • #315,714
  • Jun 7, 2012 3:33am Jun 7, 2012 3:33am
Quoting Zircon
Hi,
Market rejected 1.54 low.
Candells says nice morning star in daily TF, when u see this in daily for sure the market will trading higher.


if u are selling short stick in ur setup may be i am wrong.

not buying or selling - was just interested in your take on things.....thanks for the extra explanation.

Faller.
I don't trust any move - when you have profit...take it.
  • #315,715
  • Jun 7, 2012 3:33am Jun 7, 2012 3:33am
Quoting redbeben
stopped out @ 1.5500 for 65 pips

opened sell @1.5510 targetting somewhere down ....1.5420 maybe but we'll keep a tight SL @ 1.5555
covered half @ +22 pips rest @ BE

if we have enough time we'll see price tank to 1.5460-30 area before news...but I don't grant for it.

If we go that low I'll add more longs..depending on the news results.
  • #315,716
  • Jun 7, 2012 3:34am Jun 7, 2012 3:34am
Quoting _BBKing_
nice representation of market!
some are long, some others are short

let's see what will happen

or the third kind of position - mine at the moment. Flat.

Have a good day BBKing.....

Faller.
I don't trust any move - when you have profit...take it.
  • #315,717
  • Jun 7, 2012 3:34am Jun 7, 2012 3:34am
Hi guys,

GBP/USD H4 Elliott Wave count.

More charts on blog.

take care,
Seb
Attached Image (click to enlarge)
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  • #315,718
  • Jun 7, 2012 3:35am Jun 7, 2012 3:35am
Quoting Zircon
Hi,
Market rejected 1.54 low.
Candells says nice morning star in daily TF, when u see this in daily for sure the market will trading higher.


if u are selling short stick in ur setup may be i am wrong.
yes usually this daily formation allow us to think probabilities are imbalanced in favor of longs. but i would add to be very cautious since we still are in strong downward pressure and fundamentals don't care about candles

let's see BOE data
90% of traders use TA, indicators and prediction
  • #315,719
  • Jun 7, 2012 3:36am Jun 7, 2012 3:36am
Quoting Faller
not buying or selling - was just interested in your take on things.....thanks for the extra explanation.

Faller.
No PLM
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #315,720
  • Jun 7, 2012 3:40am Jun 7, 2012 3:40am
Quoting _BBKing_
yes usually this daily formation allow us to think probabilities are imbalanced in favor of longs. but i would add to be very cautious since we still are in strong downward pressure and fundamentals don't care about candles

let's see BOE data
Morning,

I do not care about fundi too.

price behaviuours is the tricks.
If skills could be acquired by watching, every dog would be a butcher. Turk
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