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Cable Update (GBPUSD)

  • #316,161
  • Jun 13, 2012 3:45am Jun 13, 2012 3:45am
Seems to be hanging around this area,gone long.
Might do a small hedge in case it spikes on me
  • #316,162
  • Jun 13, 2012 3:50am Jun 13, 2012 3:50am
Last week's 5267 fractal swing L on the weekly t/f was the 5th attempt at driving price below that level shown by red line on weekly chart below.

G/L
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ex member
  • #316,163
  • Jun 13, 2012 3:51am Jun 13, 2012 3:51am
Quoting TauTrader
Good day to you,

Based on time and price angle - possibly 1.5635 by close today.

Regards
"only" need to print stable above 5580-85. that would be trigger for more bullish confidence IMO.
if does, 5625-5635 will be very possible.
i let my tgt to 5655, just few pips below 38% fib 1.63-1.52 then will decide its destiny looking what price does.


of course.... i have stop @be + 0.5 pips and scaled out already most position at these levels 5573.

let's see
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  • #316,164
  • Jun 13, 2012 3:57am Jun 13, 2012 3:57am
Quoting bbmac
Last week's 5267 fractal swing L on the weekly t/f was the 5th attempt at driving price below that level shown by red line on weekly chart below.

G/L
yes the 5th!!
i think only something due to europe and an extreme USD buy mania can breake that level!

according to weekly, price was below the 1.52-1.53 area only when very bad things.

time will tell very soon (next week)
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  • #316,165
  • Jun 13, 2012 4:00am Jun 13, 2012 4:00am
tomorrow possible big event with CHF. there is important snb chairmain talk.
if they will fuel market to increase Ech exchange rate, we could see a massive short covering in EURO pairs, most in EU. the others could follow but i don't expect so much in gbp.

any idea about?
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  • #316,166
  • Jun 13, 2012 4:03am Jun 13, 2012 4:03am
Quoting _BBKing_
"only" need to print stable above 5580-85. that would be trigger for more bullish confidence IMO.
if does, 5625-5635 will be very possible.
i let my tgt to 5655, just few pips below 38% fib 1.63-1.52 then will decide its destiny looking what price does.


of course.... i have stop @be + 0.5 pips and scaled out already most position at these levels 5573.

let's see
Good day,

We have some resistance to get through. Daily open could now be support - but we have Monday high @ 1.55794 , yesterday's high @ 1.55873 and last week's high @ 1.55986.

Target, based on price angle and time was incorrectly read - shows as between 1.5645 and 1.5650 by close, should we continue.

Regards
  • #316,167
  • Jun 13, 2012 4:06am Jun 13, 2012 4:06am
Quoting TauTrader
Good day,

We have some resistance to get through. Daily open could now be support - but we have Monday high @ 1.55794 , yesterday's high @ 1.55873 and last week's high @ 1.55986.

Target, based on price angle and time was incorrectly read - shows as between 1.5645 and 1.5650 by close, should we continue.

Regards
yes not so easy levels! looking at calendar, to breake-up price will need something from USA.
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  • #316,168
  • Jun 13, 2012 4:13am Jun 13, 2012 4:13am
i call this the
"massacre pattern"

god knows if i hate it!
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  • #316,169
  • Jun 13, 2012 4:20am Jun 13, 2012 4:20am
Good day,

Going out for meetings. SL now placed at BE + 4.

See later

Regards
  • #316,170
  • Jun 13, 2012 4:28am Jun 13, 2012 4:28am
morning

I sold last night made some 20 pips profit

sold on EU as well and now on -30 pips ...waiting TP @ 1.2450

Bought GU@ 1.5552 and 1.5567,closed half @ 1.5590 rest @ + 20 pips

sold @ 1.5594 as 1.5600 big sellers

bigger @ 1.5650-60 if we trip the SL's @ 1.5610

the sell is a small one for some 10-20 pips
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  • #316,171
  • Jun 13, 2012 4:38am Jun 13, 2012 4:38am
sold EU as well

already pipping 15 pips
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  • #316,172
  • Jun 13, 2012 5:51am Jun 13, 2012 5:51am
Quoting redbeben
morning

I sold last night made some 20 pips profit

sold on EU as well and now on -30 pips ...waiting TP @ 1.2450

Bought GU@ 1.5552 and 1.5567,closed half @ 1.5590 rest @ + 20 pips

sold @ 1.5594 as 1.5600 big sellers

bigger @ 1.5650-60 if we trip the SL's @ 1.5610

the sell is a small one for some 10-20 pips
26 pips + on GU sell..should I stay or should I go ?

13 pips + on EU ..I'll keep this one to 1.2450 area before bailing out
  • #316,173
  • Jun 13, 2012 5:57am Jun 13, 2012 5:57am
cutted my long.
reason price not doing what i need to hold it!
tomorrow will be another day.


good luck you all
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  • #316,174
  • Jun 13, 2012 6:36am Jun 13, 2012 6:36am
ok now long term view on market..as I am bored and bagged some 50 pips so far for today and I have some spare time to write nonsense


so,EU will go up up and atom ant(if you remember the cartoons)to 1.3281 but it just needs to pass 1.2786 and 1.2887-88 first

price will go there...time span some 30 days...but I cannot tell for sure as the formation is not complete yet and this is a currency twisting with each EZ fart.

as soon as price will bang it's head against the 1.2887-88 level it will drop some levels...like 100 pips then will go up again to the mentioned levels

1.3268-81 should cap the move up and send the EU to it's doom on a 3000 pips to a 1.0350 area and if that one fails we go to 0.93

GU will reach 1.6190-1.6224 but first 1.5690 and 1.5767 must be broken....

bleah....reading long term charts makes no sense anymore.
Price is here,levels are on the chart already,history tells it all but it somehow not applied to present times


Back to scalping
  • #316,175
  • Jun 13, 2012 7:13am Jun 13, 2012 7:13am
Quoting redbeben
26 pips + on GU sell..should I stay or should I go ?

13 pips + on EU ..I'll keep this one to 1.2450 area before bailing out
50 pips on GU

I guess I'll bail out half @1.5535-37 area

rest @ BE + 25
  • #316,176
  • Jun 13, 2012 7:16am Jun 13, 2012 7:16am
1.5505-1.5520 is a relative strong buy area so I'll watch it for a long entry


if that fails we have other buy areas 1.5450 and last one @ 1.5400
  • #316,177
  • Jun 13, 2012 7:21am Jun 13, 2012 7:21am
Good day to you,

just got back - nothing to show but 4 pips... thats ok... made some through the night.

EU kept up nicely.

Going to go long again for a scalp on GU - this off 30min chart. Enter 1.5537... 50% size. Will add other 50% a bit lower. SL will be break of 1.5500.

Regards
  • #316,178
  • Jun 13, 2012 7:21am Jun 13, 2012 7:21am
Quoting redbeben
50 pips on GU

I guess I'll bail out half @1.5535-37 area

rest @ BE + 25

TP touched and out for 59 pips

gotta be careful with the news now and poss entry long
  • #316,179
  • Jun 13, 2012 7:22am Jun 13, 2012 7:22am
Good day to you, sir

Nice trades. Well done.

Regards
  • #316,180
  • Jun 13, 2012 7:23am Jun 13, 2012 7:23am
Short GU,GJ,EU....it is trending down....
I am a hunter...i kill both bulls and bears...
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