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Cable Update (GBPUSD)

  • #315,821
  • Jun 8, 2012 3:52am Jun 8, 2012 3:52am
Quoting Zircon
NO NO NO.

haha

?!
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  • #315,822
  • Jun 8, 2012 3:54am Jun 8, 2012 3:54am
Quoting 2012baby
till what time news will come?
News came and gone, bad for the pound but sort of good as well because whilst PPI was worse than expected it wasn't as bad as last year or quarter.
  • #315,823
  • Jun 8, 2012 3:55am Jun 8, 2012 3:55am
where should we buy the gbp ?
  • #315,824
  • Jun 8, 2012 3:57am Jun 8, 2012 3:57am
Quoting _BBKing_
?!
your pink area is good entry for long, this is what i see.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #315,825
  • Jun 8, 2012 4:01am Jun 8, 2012 4:01am
Quoting id5
News came and gone, bad for the pound but sort of good as well because whilst PPI was worse than expected it wasn't as bad as last year or quarter.

i think overall is not that bad release.

imo this down move from 1.56 is really strange...
EU did it better and far more clear and clean.
90% of traders use TA, indicators and prediction
  • #315,826
  • Jun 8, 2012 4:01am Jun 8, 2012 4:01am
Quoting Zircon
NO NO NO.

haha
Quote
?!
Funny
  • #315,827
  • Jun 8, 2012 4:04am Jun 8, 2012 4:04am
Quoting aarash
Funny


may be ur right but no free fall. else
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #315,828
  • Jun 8, 2012 4:06am Jun 8, 2012 4:06am
Quoting _BBKing_

i think overall is not that bad release.

imo this down move from 1.56 is really strange...
EU did it better and far more clear and clean.
I agree that the move is strange, I have a feeling that it is more to do with the GBP's value against gold rather than anything else. The bear raid on gold yesterday afternoon did not rise back up as it would normally do so the GBP has fallen to meet it.

Just my pennies worth and most likely totally wrong.
  • #315,829
  • Jun 8, 2012 4:25am Jun 8, 2012 4:25am
Quoting id5
I agree that the move is strange, I have a feeling that it is more to do with the GBP's value against gold rather than anything else. The bear raid on gold yesterday afternoon did not rise back up as it would normally do so the GBP has fallen to meet it.

Just my pennies worth and most likely totally wrong.
yes massive short in gold and more in silver. when uncle ben started speaking disappointed commodities market. i read somewhere (maybe fxlive) it was due because high expectetions for strongly dovish comments.
mah....
IMO gold n silver where knocking in strong resistances and waiting reasons to fill orders and come back down.

let's see today during NY what will happen in Gold and mostly silver.
we are in supposed demand level in both them.
90% of traders use TA, indicators and prediction
  • #315,830
  • Jun 8, 2012 4:29am Jun 8, 2012 4:29am
Quoting Zircon
your pink area is good entry for long, this is what i see.

yes it is but not yet.
price is going down. and not showing any kind of possible reversal setup in any tf.
must be patient.
for the moment those who shorted from high can make a party with 150pips free fall.
now end of the week, middle of the day, ahead of NY, with not good data in UK, and massive down move in commodities..... going long thinking that the level will hold.... can be a massacre!
maybe good for some pips but this area will surely be visited again if price now goes up.
90% of traders use TA, indicators and prediction
  • #315,831
  • Jun 8, 2012 4:31am Jun 8, 2012 4:31am
G/M,

Neutral Daily candle yesterday (similar but bearish body on eurusd) has seen a sell off continue from yesterday's 5599 Daily hi. At yesterday's daily hi - the base of the previous Weekly/Daily swing lo zone and 38.2% 6122-5267.

Fall from 5599 has seen a breech of the steepest ascending 1hr trend line with prioce testing the ascending 4hr trend line at the previous resistance of the previous 4hr/hr swing hi x 3 zone.

Daily remains in a general opa downtrend, 4hr is mixed now re opa, and 1hr is mixed-bearish re opa.

Changes the weekly candle somewhat although obviously not closed yet?

20 day ATR has gone up to 109 from 85 a week or two back !

G/L
Attached Image(s) (click to enlarge)
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ex member
  • #315,832
  • Jun 8, 2012 4:39am Jun 8, 2012 4:39am
price should stall @1.5452 area ...20 pips in profit so far
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  • #315,833
  • Jun 8, 2012 4:44am Jun 8, 2012 4:44am
closed half now the rest @ + 30 and SL + 10
Attached Image (click to enlarge)
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  • #315,834
  • Jun 8, 2012 4:49am Jun 8, 2012 4:49am
Quoting _BBKing_
yes massive short in gold and more in silver. when uncle ben started speaking disappointed commodities market. i read somewhere (maybe fxlive) it was due because high expectetions for strongly dovish comments.
mah....
IMO gold n silver where knocking in strong resistances and waiting reasons to fill orders and come back down.

let's see today during NY what will happen in Gold and mostly silver.
we are in supposed demand level in both them.
Gold is moving firmly up so I am out of my short for 33 pips and a happy boy. If it goes above the weekly pivot I will start looking for a long as it seems to be respecting the daily upward trendline from the 1st June.
  • #315,835
  • Jun 8, 2012 5:01am Jun 8, 2012 5:01am
Quoting id5
Gold is moving firmly up so I am out of my short for 33 pips and a happy boy. If it goes above the weekly pivot I will start looking for a long as it seems to be respecting the daily upward trendline from the 1st June.
also 1582 can be giving problems for the upside.
possible simple retest. let' see
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  • #315,836
  • Jun 8, 2012 5:22am Jun 8, 2012 5:22am
Quoting _BBKing_
also 1582 can be giving problems for the upside.
possible simple retest. let' see
I have been playing with the charts, one here that shows EURUSD, GBPUSD and XAUUSD all on the same chart. Seems to show gold leading the EUR and GBP.

http://img692.imageshack.us/img692/3038/eurgbpgold.png
  • #315,837
  • Jun 8, 2012 5:22am Jun 8, 2012 5:22am
Quoting redbeben
closed half now the rest @ + 30 and SL + 10
stopped out @ +20

opened sell on both GU and EU TP 1.2452 on EU and 1.5400-5408 on GU
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  • #315,838
  • Jun 8, 2012 5:28am Jun 8, 2012 5:28am
Quoting redbeben
stopped out @ +20

opened sell on both GU and EU TP 1.2452 on EU and 1.5400-5408 on GU
chickened out on EU @ +25 pips
covered half on GU @ +8 pips
  • #315,839
  • Jun 8, 2012 5:29am Jun 8, 2012 5:29am
Quoting id5
I have been playing with the charts, one here that shows EURUSD, GBPUSD and XAUUSD all on the same chart. Seems to show gold leading the EUR and GBP.

great broker!
i'm using it in demo for option trading! really one of best!
about the chart i totally agree! recently gold is leading the way. this could be due beacuse more sensitive on USD strenghtening/weakening.
infact i'm doing a very deep study in commodities. will post this weekend
90% of traders use TA, indicators and prediction
  • #315,840
  • Jun 8, 2012 5:33am Jun 8, 2012 5:33am
just as potential rbs is at the current daily lo (resistance becomes support) so potential support becomes resistance (sbr) is at the pullback hi along with 23.6% of the move down from yesterday's hi. 1Hr shows this below.

G/L
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