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Cable Update (GBPUSD)

  • #316,481
  • Jun 15, 2012 7:10am Jun 15, 2012 7:10am
Quoting taomql4
I don't think we are going to close above yesterday's close (1.55507) . It's a Range trader's Paradise . We have a capped market , Folks..And the supply @1.55520 won't give way easy .. I see us closing below 1.55507 today ..

Happy Weekend ..
Good day to you, sir

Thank you for the beautiful charts.

Regards
  • #316,482
  • Jun 15, 2012 7:21am Jun 15, 2012 7:21am
UP, Down, Up, Down... is She nervous??
  • #316,483
  • Jun 15, 2012 7:30am Jun 15, 2012 7:30am
what a f..gold? is doing ? this weekend will be sooo long, everything is going crazy now
  • #316,484
  • Jun 15, 2012 7:40am Jun 15, 2012 7:40am
trade.able markets. hate when everything moving agains everything
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  • #316,485
  • Jun 15, 2012 7:44am Jun 15, 2012 7:44am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Nice move playing out here. Hopefully we'll land at the 141.4 xtension at the nice ole round number of 56.

If your not in the trade could also be a nice reversal zone back into consolidation.

Cheers
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  • #316,486
  • Jun 15, 2012 7:44am Jun 15, 2012 7:44am
This is what is reminds me of.
Attached Image

Something will bite soon.
  • #316,487
  • Jun 15, 2012 7:45am Jun 15, 2012 7:45am
bones,? last bar h1, gu, crucial ?
  • #316,488
  • Jun 15, 2012 7:48am Jun 15, 2012 7:48am
Quoting Makavelli7
Target for cable still is 1.5700, but if 1.5600 remains unbreached at end of todays session then im reviewing my target higher to 1.5800
Its now clearer that cable has no plans of breaching 1.5600 today so im moving my limit order from 1.5700 to 1.5800.
The only way not to think about money is to have a great deal of it
  • #316,489
  • Jun 15, 2012 7:58am Jun 15, 2012 7:58am
Cable is playing it's usual tricks.
1.56 here we come; I feel it.
  • #316,490
  • Jun 15, 2012 8:06am Jun 15, 2012 8:06am
gold is going down ?


Quoting tinkerbelle
what a f..gold? is doing ? this weekend will be sooo long, everything is going crazy now
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #316,491
  • Jun 15, 2012 8:09am Jun 15, 2012 8:09am
Quoting Bones
gold is going down ?
really dont know, u still holding shorts ?
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  • #316,492
  • Jun 15, 2012 8:20am Jun 15, 2012 8:20am
Good day to you,

Short scalp on GU @ 1.5571

Looking for just 10 pips.

Regards
  • #316,493
  • Jun 15, 2012 8:24am Jun 15, 2012 8:24am
Quoting TauTrader
Good day to you,

Short scalp on GU @ 1.5571

Looking for just 10 pips.

Regards
OK - my mistake - out for -15

regards
  • #316,494
  • Jun 15, 2012 8:26am Jun 15, 2012 8:26am
Quoting PoundTrader
brokers are sending out email about next week elections and the volatility that come with it
both of the brokers i use just sent me same message. Man, its gonna be a bloodbath!!
The only way not to think about money is to have a great deal of it
  • #316,495
  • Jun 15, 2012 8:26am Jun 15, 2012 8:26am
It is goong to be a roller coaster

Quoting TauTrader
Good day to you,

Short scalp on GU @ 1.5571

Looking for just 10 pips.

Regards
Loosening is not an option
  • #316,496
  • Jun 15, 2012 8:30am Jun 15, 2012 8:30am
Good day to you,

Irrespective. 4hr is slowly building towards a drop. Is it a drop before a rise? Do not know - do not care, really.

Will probably be ready early next week. So - going to stop trading now and rather spend time refining systems.

I wish you all the best for the week end and hope you come back refreshed.

Regards
  • #316,497
  • Jun 15, 2012 8:35am Jun 15, 2012 8:35am


Quoting TauTrader
Good day to you,

Irrespective. 4hr is slowly building towards a drop. Is it a drop before a rise? Do not know - do not care, really.

Will probably be ready early next week. So - going to stop trading now and rather spend time refining systems.

I wish you all the best for the week end and hope you come back refreshed.

Regards
Loosening is not an option
  • #316,498
  • Jun 15, 2012 8:36am Jun 15, 2012 8:36am
Quoting redbeben
it depends....it might go up to 1.5580-1.5600 before going down ..

who can tell now ? I only have pendings on a sell from 1.5580 and one buy from 1.5400....so...nothing else.it depends on what EU will do and gold and the elections and the rest.

IMHO EU is gone anyway(but I said it many times before) as it does not matter at all if Greece will have any govt or not if it will stay in EU or not there is still a SPain,a Portugal,Ireland and the rest...

Money is still gone and won't come back....there is a huge gap that will never be filled in.It...
sell triggered @ 1.5580
TP 1.5477 first,second 1.5433 and 1.5397
SL just above 1.5620....this should give a good RR
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  • #316,499
  • Jun 15, 2012 8:37am Jun 15, 2012 8:37am
Good day to you,

It's a potential bloodbath every single day. Depends on what you do and what you risk. Spike whatever she likes - will return to the longer term trend.

But - yes. Initial volatility is probably guaranteed.

So - very small lots for me initially - then increase back to normal as we progress.

All the best
  • #316,500
  • Jun 15, 2012 8:46am Jun 15, 2012 8:46am
Quoting Bones
cable
is just about to fall 300 pips ,next week min
is it due to the elections ?due to the fiscal ease ?

I see it falling but not that deep.only 200 pips from 1.56 level

for EUR I see it falling to a min of 1.2442 before it resumes the uptrend on daily and continue it's climb to 1.3256

GU the same it will climb after the fall and will climb to 1.6262
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