Cable Update (GBPUSD)

Yup Eggs. But some tough support to break through around 1.565x.

Both this uptrends 23% retrace and the 38% for the major downtrend of May line up almost perfectly now. This was tested extensively as support in late May before it finally was busted. Though price didn't respect it much on the way back through last Friday.

Good day to you,

Will be watching 1.5663 - Tuesday's close as well as Tuesday's low @ 1.5633 for a possible bounce.

Seems like we will be having a little bullish pressure from those levels...

Regards

Good day to you,

Placed 50% lot long @ 1.5675. Will look to add balance a bit lower - should charts still reflect this.

Regards

Asian creep mid week like this gets me thinking..
We've had 2.5 gangbuster bullish weeks straight aftet a heavily bearish May.
It ain't natural.

Blue is the 100sma
light grey is the 60sma

Good day to you,

Was shorting daily yesterday - but 4hr is telling me a bit higher again from the current levels. As mentioned - will probably build bearish divergence on the daily now - or double top...

Then lower.

BUT - could be widely mistaken...

Will see

Regards

Retest?

Still below 4hr 200EMA! ( @5686 )
Lets see what will happen..!

and Above 1hr 100 EMA ( @5673 )

Im not trading today but would love to see a close above 5715 or so after retesting support.

She has a long way to do that!

Double touch @ 5685. lets see..

Hey folks, just longed EURGBP at 0.8080 targeting 0.8200
Reasoning: Hourly broken above downwards trendline
1st high: 0.8150 15/06/2012
2nd high: 0.8097 20/06/2012

the Euro Futures opened in big negative but market already priced in, unless Europe decides to extend losses, Long Euro is a good decision today....

GBPLFX trying to break 2.636x!
can she break??

If she breaks, she could fall hard

Yes, I've been one of the 'voyeurs' for a couple of months now and just wanted to introduce myself. Been trading for only 6 months with initially some good results and lately not so good. Ahh, the humility of trading eh?

As you would suspect, even though this is the first time you have heard of me, I think I have got to know you all individually and have gleaned quite a lot of free education for which I am very grateful. Each of you has your own specific way of trading which is interesting but you all share the passion for trading.

Hopefully, I can contribute something to this thread and when I do would appreciate any feedback, constructive or otherwise.

Heres to your success and will post again soon.

yhaaaaaa...sweet wake up

40 pips on EU already closed 1/2 rest @ BE

now we are stitting on MA 200 @ 1.5663
we go below and we see 1.5640-a.5626

I will buy there and buy lower and stronger @ 1.5600-5610

good luck

bounce Up and waiting for news!
More up or DOWN??

G/M

Neutral spinning top/doji-esq daily candle yesterday that followed tuesday's Bullish engulfing has seen some downside so far today, the current daily lo @ the previous minor 4hr/1hr swing lo x 2 zone with 23.6% 5267-5776 this zone extending to yesterday's 5649 lo.

Uk retail sales data in a few mins

EDIT: That data better than expected/forecast saw a further knee-jerk leg up...current near-term 1hr as below.

G/L