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Cable Update (GBPUSD)

  • #316,221
  • Jun 13, 2012 9:23am Jun 13, 2012 9:23am
Quoting Trader8888
gbp/jpy anyone going long?
Good day to you, sir

Do not know - but no - not me.

All the best to you

Regards
  • #316,222
  • Jun 13, 2012 9:24am Jun 13, 2012 9:24am
Quoting TauTrader
Good day to you, sir

Do not know - but no - not me.

All the best to you

Regards
Thanks, i did not make any trades either, waiting for further notice on this pair before making any moves.

Regards
  • #316,223
  • Jun 13, 2012 9:25am Jun 13, 2012 9:25am
Good day people..

Just sharing some thoughts, been holding a long from 1.5550 since 8-10 hours ago and still holding. as u people can see from other charts, there are two important lines which are a LTL and a resistance around 1.5570 area.

But i trade based on h4 and daily, there is a bearish engulfing pattern in my chart but of course like any other sign, we need a confirmation, other than that could be defective. so the best way for me to trade this is to wait for both line to be broken and hold my long based on daily which is still bullish for me. thanks
  • #316,224
  • Jun 13, 2012 9:32am Jun 13, 2012 9:32am
Quoting TauTrader
Good day to you,

Holding this. (short term)

Regards
hidden bullish divergence on 30 min.

Go GU!

Regards
  • #316,225
  • Jun 13, 2012 9:37am Jun 13, 2012 9:37am
Quoting mloistianto
Good day people..

Just sharing some thoughts, been holding a long from 1.5550 since 8-10 hours ago and still holding. as u people can see from other charts, there are two important lines which are a LTL and a resistance around 1.5570 area.

But i trade based on h4 and daily, there is a bearish engulfing pattern in my chart but of course like any other sign, we need a confirmation, other than that could be defective. so the best way for me to trade this is to wait for both line to be broken and hold my long based on daily which is still bullish...
Good day to you,

Was in the same boat - up 40+ beautiful pips this morning to see all of them disappear.

Tough decision. Could work. Could not.

all success
  • #316,226
  • Jun 13, 2012 9:38am Jun 13, 2012 9:38am
probably gonna retest 1.5600
  • #316,227
  • Jun 13, 2012 9:43am Jun 13, 2012 9:43am
Quoting TauTrader
Good day to you,

Was in the same boat - up 40+ beautiful pips this morning to see all of them disappear.

Tough decision. Could work. Could not.

all success
Good Day.. yes. me too.. watching 40+ pips gone in an instance after awhile.. well what do u expect from forex anyway..

just afk for a while, back and success hopefully we break yesterday close easily.. good luck for both of us.
  • #316,228
  • Jun 13, 2012 9:45am Jun 13, 2012 9:45am
How much supply left in previous Daily/4hr/1hr swing hi zone leading up to 5599 ? Have multiple hits erased most of it ? Is an upside break more probable ?

4hr is below (the wide dotted fibs are probably the less importnat swings down to 5267.) 38.2% 6122-5267 at/around today's current hi and I have added a 4hr descending trend line to that hi althoiugh this hi is not a fractal swing on this t/f yet so may become invalid

Only 54% of 20 day atr coverered so far today - a 62pip range so far !

G/L
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ex member
  • #316,229
  • Jun 13, 2012 9:49am Jun 13, 2012 9:49am
I'm done for today ...
Today (Wed) pips positions
0.5% 140 7/8
This Week
6.1% 1,142 50/50

I'll leave the damn EUR to go down..when it will go down

just closed a long GU from 1.5540 for 40 pips and one @ BE after the retrace

will add more shorts @ 1.5590

same on EU i'll short ?@ 1.2590 TP 1.2450

going to rest now



p.s.

for me,each EU rally needs to be sold as EU is a gone currency and gone concept.even if it goes to 1.32-1.33 it will still fall.market is just clinging on opium here I am afraid
  • #316,230
  • Jun 13, 2012 9:51am Jun 13, 2012 9:51am
Quoting mloistianto
Good Day.. yes. me too.. watching 40+ pips gone in an instance after awhile.. well what do u expect from forex anyway..

just afk for a while, back and success hopefully we break yesterday close easily.. good luck for both of us.
good day to you.

Simple chart. Will exit long when this meets that...

Regards
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  • #316,231
  • Jun 13, 2012 9:52am Jun 13, 2012 9:52am
Quoting TauTrader
hidden bullish divergence on 30 min.

Go GU!

Regards
Halo Brother,

longed from 1.5540 and have take profit at 1.5598.

If 1.5598 is breached either today or before the end of NY trading tomorrow, then ill be shorting another ride from there(1.5598 targeting 1.5530)

but if 1.5598 survives by end of NY session tomorrow, then ill change my limit order from 1.5598 to 1.5700 which should kick in on friday
The only way not to think about money is to have a great deal of it
  • #316,232
  • Jun 13, 2012 10:00am Jun 13, 2012 10:00am
Been awhile since I stuck my head into these forums.

G/U 4H - shows a bullish flag pattern. Strong R @ the 1.558x level which is now being tested for the 4th time. The next level of strong R is 1.563x which has not been restested as R since we dropped through it on the way down on May 23rd. Price needs to confirm it.

I'm long @ 1.5550 with 1.5620 as a target.
  • #316,233
  • Jun 13, 2012 10:06am Jun 13, 2012 10:06am
Quoting Makavelli7
Halo Brother,

longed from 1.5540 and have take profit at 1.5598.

If 1.5598 is breached either today or before the end of NY trading tomorrow, then ill be shorting another ride from there(1.5598 targeting 1.5530)

but if 1.5598 survives by end of NY session tomorrow, then ill change my limit order from 1.5598 to 1.5700 which should kick in on friday
Interesting take...

will watch your progress as per your numbers posted.

Regards
  • #316,234
  • Jun 13, 2012 10:11am Jun 13, 2012 10:11am
oops only h1 ,forgive me

Quoting Bones
trade
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #316,235
  • Jun 13, 2012 10:12am Jun 13, 2012 10:12am
Good day to you,

A good area to watch...

Regards
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  • #316,236
  • Jun 13, 2012 10:26am Jun 13, 2012 10:26am
Quoting TauTrader
Good day to you,

A good area to watch...

Regards
15590 looks like the place to short.
  • #316,237
  • Jun 13, 2012 10:26am Jun 13, 2012 10:26am
I have checked various timeframes.

This thing is sooo seriously long. It's scary. Find the correct entries. Pips.

Regards
  • #316,238
  • Jun 13, 2012 10:28am Jun 13, 2012 10:28am
Quoting Trader8888
15590 looks like the place to short.
Scalp only.

Regards
  • #316,239
  • Jun 13, 2012 10:46am Jun 13, 2012 10:46am
Quoting TauTrader
Scalp only.

Regards
thanks
  • #316,240
  • Jun 13, 2012 10:51am Jun 13, 2012 10:51am
Quoting Makavelli7
If it doesnt breach 1.5598 today and tomorrow then 1.5700 is a sure hit on friday
A 'sure hit' you say?

That's the same words I used when I started trading Forex
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