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Cable Update (GBPUSD)

  • #316,961
  • Jun 20, 2012 9:53am Jun 20, 2012 9:53am
Quoting Ill-b-back
Not really going there, just kidding, I just don't like the $
I only just noticed we have hit flush on the 50 and sitting above Mon and Tues closes, not an easy one
Good day,

OK - so I am slow.... now getting what you meant.

I have to be honest - I'm no good at Fibs - nor at support/resistance levels. The problem for me is this - hold or break?

I remain an indicator whore.

The purists will judge. But who says...

No right. No wrong.

No one can convince me otherwise.

But a good observation.

All the best
  • #316,962
  • Jun 20, 2012 10:08am Jun 20, 2012 10:08am
Quoting TauTrader
good day to you,

My apology - entered @ 1.5750 and 1.5766. These were 50% each. Will add 3 more if need be - but next short entry only @ 1.5850

Regards
Good day,

I have closed the weaker entry( 1.5750) @ 1.5732.

Now back to only a 50% lot. Will again enter this anything above 1.5766 to better my average price.

Regards
  • #316,963
  • Jun 20, 2012 10:10am Jun 20, 2012 10:10am
Quoting Makavelli7
Wow! A whole lot of spectators in here
just wait for the FOMC results
  • #316,964
  • Jun 20, 2012 10:49am Jun 20, 2012 10:49am
PA hints at the uptrend weakening. Price respected the TL earlier this morning. Waiting for a good trade to materialize though as right now the market is waiting with baited breath on the Fed and not confident enough of a direction to go yet.

4H chart -
Attached Image (click to enlarge)
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  • #316,965
  • Jun 20, 2012 10:56am Jun 20, 2012 10:56am
Quoting Ill-b-back
Damn,
Might have to stay up and see this thru
Looking at this PA though, we could head to 59 if the Fed so speaks.
It's a good wind up on the 4 hr

no, you did it right !!
there was a said when i started trading in stock markets "close and forget!"
you never know what can happen next
90% of traders use TA, indicators and prediction
  • #316,966
  • Jun 20, 2012 11:04am Jun 20, 2012 11:04am
Any Idea why GBPx is so strong these days? after these bad numbers?
I see triple touch in GBPLFX! can she break??
Lets see
  • #316,967
  • Jun 20, 2012 11:05am Jun 20, 2012 11:05am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Could mean absolutely nothing after FED announcements. But I always like to look at GU correlation in relation to other indexes.

USD INDEX printed double bottom @ 10,025. Also USD/CHF appears to be our benchmark currency pair in correlation to USD strength.
Attached Image(s) (click to enlarge)
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  • #316,968
  • Jun 20, 2012 11:12am Jun 20, 2012 11:12am


please Mr Ben,please please say US economy is the best.

pleaaaseeeee....

is it bad if I ask GU to go to 1.5420-30 before we head up again ?

don't throw stones at me plizzzz

ok ok 1.5557 first and I am good.

seriously now

I think market is already positioned for whatever Ben will say.

A buy now is risky.a sell is not that risky from 1.5790-1.5850 area....

I might sell @ 1.5784 with 0.01 just for fun coz I don't trust anything now.
  • #316,969
  • Jun 20, 2012 11:19am Jun 20, 2012 11:19am
GBPCAD triggered a buy with TP Sitting

1.6142


later guys. good bye for the day
Perfect Trading Core completed on 13/10/2012 : 2002-2012 |10yrs
  • #316,970
  • Jun 20, 2012 11:22am Jun 20, 2012 11:22am
1.5962 in the next 9 trading days
  • #316,971
  • Jun 20, 2012 11:24am Jun 20, 2012 11:24am
good day to you,

1stECN-

Levels are perfect contrarian signals too.

Just so you know...

Regards
  • #316,972
  • Jun 20, 2012 11:33am Jun 20, 2012 11:33am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting thegunslinger
PA hints at the uptrend weakening. Price respected the TL earlier this morning. Waiting for a good trade to materialize though as right now the market is waiting with baited breath on the Fed and not confident enough of a direction to go yet.

4H chart -
Nice chart gunslinger. I generally interpret these channels based on where price spends more time. & Right now that's near the bottom. Upward move is super Impulsive right into a recent event area in the past where support became resistance.

Not that upward momentum is still not in place. I only expect a more corrective move down before seeing price drive upwards.
Attached Image (click to enlarge)
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  • #316,973
  • Jun 20, 2012 11:39am Jun 20, 2012 11:39am
Can not let this go-

Closing last short here.

Regards
  • #316,974
  • Jun 20, 2012 11:41am Jun 20, 2012 11:41am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting TauTrader
Can not let this go-

Closing last short here.

Regards
Should get one more shot at that 5650 low Tau.
  • #316,975
  • Jun 20, 2012 11:43am Jun 20, 2012 11:43am
Quoting redbeben
1.5962 in the next 9 trading days
300 pips up - you say?

Possible.

do not know...

Regards
  • #316,976
  • Jun 20, 2012 11:47am Jun 20, 2012 11:47am
Quoting eggs
Should get one more shot at that 5650 low Tau.
Good day,

Slung in a long there @ 1.5678..

I'm in automatic mode... just slammed EJ for 150 pips based on various entries. ( short by the way)

f*cking flying

Thank you sir

Regards
  • #316,977
  • Jun 20, 2012 11:51am Jun 20, 2012 11:51am
closed 2/3 of that GU short on this tank

left the rest @ BE

closed EU for another 20 pips on the short

EU long @1.2648 and closed 1/2 @ 1.2681
rest @ BE

will add more long on EU @ 1.2600 and on GU ...well I will wait for a deeper dip
Attached Image (click to enlarge)
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  • #316,978
  • Jun 20, 2012 11:57am Jun 20, 2012 11:57am
Quoting TauTrader
Good day,

Slung in a long there @ 1.5678..

I'm in automatic mode... just slammed EJ for 150 pips based on various entries. ( short by the way)

f*cking flying

Thank you sir

Regards
uhh gbp/usd is going down hard, your a dead man walking.
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  • #316,979
  • Jun 20, 2012 11:59am Jun 20, 2012 11:59am
Quoting TauTrader
Good day,

Slung in a long there @ 1.5678..

I'm in automatic mode... just slammed EJ for 150 pips based on various entries. ( short by the way)

f*cking flying

Thank you sir

Regards
i agree with your closed short! i did the same near 5650.
but i will wait a bit for a long... you know i'm a
90% of traders use TA, indicators and prediction
  • #316,980
  • Jun 20, 2012 12:00pm Jun 20, 2012 12:00pm
gold bears took an heavy kick in the ass near 1590!
really heavy IMO.

let's see ifthe level holds during the week, can be a good trigger for bulls.

holding my long for a while.
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