Nice drop from cable today. Making money right now 
.
We'll see further downside movement if the price break below last week 50% fibo 1.5595.
.We'll see further downside movement if the price break below last week 50% fibo 1.5595.
Cable Update (GBPUSD)
- #318,062
- Jul 4, 2012 9:11am Jul 4, 2012 9:11am
- Joined Aug 2010 | Status: Trader | 3,185 Posts
i mean up in this tf
but you said!!!!
right?I am so
now....
I don't trust any move - when you have profit...take it.
- #318,064
- Jul 4, 2012 9:20am Jul 4, 2012 9:20am
if daily price does't closed below 1.5585 then watch for a very big drop
i would think you would want it to break that level to see it continue down...?
- #318,065
- Jul 4, 2012 9:20am Jul 4, 2012 9:20am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
- #318,066
- Jul 4, 2012 9:20am Jul 4, 2012 9:20am
your trend lines are terrible.....you are not helping anyone with charts like that......
It break the line
sometimes it happens.
After breaking the line started movement strong, so line is corect.
Its breakout.
- #318,067
- Jul 4, 2012 9:26am Jul 4, 2012 9:26am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
if daily price does't closed below 1.5585 then watch for a very big drop
talk about the Barclays' incident... remember how most of the tech traders here crucified me for saying that the GBPUSD is way too manipulated by the BIG BOYS??
WHOS laughing now?? BARCLAYS and the LIBOR rate controlling the Flow of GBP into their economy... what a fucking joke...
i knew the GBP strength was manipulated... i just didnt know WHICH big boy and to WHAT extent....
Im just glad this shit hits the fan and i get to see it... Redemption is sweeter than..... hmmmm JELLY BELLIES!
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #318,069
- Jul 4, 2012 9:36am Jul 4, 2012 9:36am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
All the sellers are getting sucked in alrite
Now... What bears will have to look out at yep... its that upwards trendline, with support right now around 1.5550-ish... if we fail to break we are still in range....
if we Break and i suspect we will on the announcement of 75 billion Pound QE..... we shall visit 1.5210 lows yet again.... ironic though is that i did say i expect GBPUSD to end around 1.50 by the end of this year....
But for now as im trading daily... ill watch out 1.5550 for possible rebound as im short on it since 1.57...
if it break.... 1.5210 here i come babes. come to papa!
OH OH.... Note that Majority of the indicators are showing BEARISH signals.... H1, H4,Weekly and Monthly... in fact Daily is only now starting to turn neutral.... sooo if you think bears are in for a trap.... i'd say the Bull fell in the trap LAST Friday on that Euro summit bullshit...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #318,071
- Jul 4, 2012 9:44am Jul 4, 2012 9:44am
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
- #318,072
- Jul 4, 2012 9:46am Jul 4, 2012 9:46am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #318,073
- Jul 4, 2012 9:47am Jul 4, 2012 9:47am
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
All the sellers are getting sucked in alrite
, 
- #318,074
- Jul 4, 2012 9:50am Jul 4, 2012 9:50am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
well, if your on the sell side then your making money at the moment, if your long at the momment then your
and tech signals are showing up as so...
Pre Olympic- weakness is also quite expected.... no economy would be stupid enough to strengthen their currency when tourists are coming to spend... you want to make ur currency cheaper so tourists will spend more!!! not the other way around....
simple economics bros.... dont get burned... LOL
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #318,075
- Jul 4, 2012 9:52am Jul 4, 2012 9:52am
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
welcome to 1.5500 area, comming soon
- #318,076
- Jul 4, 2012 9:54am Jul 4, 2012 9:54am
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
May I ask what indicator that is in the top right corner?
- #318,077
- Jul 4, 2012 9:55am Jul 4, 2012 9:55am
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
Buddy.... The short signal happened at 1.5700, there was already a Hidden bearish MACD divergence on the daily chart and it played out... There are FAR too much S/R levels to the top side so the only logical way to play this out is to short it at the tops.... GBPUSD is lucky not to have got up to 1.5800 or else i would've shorted this bitch out...
Now... What bears will have to look out at yep... its that upwards trendline, with support right now around 1.5550-ish... if we fail to break we are still in range....
if we Break and i suspect we will...
- #318,078
- Jul 4, 2012 9:56am Jul 4, 2012 9:56am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #318,079
- Jul 4, 2012 9:59am Jul 4, 2012 9:59am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
I am long now @1.5602 and about to load again @ 1.5570-75 area for some more
TP 1.5770 area and above.
SL....I'm not gonna use any SL on this one
p.s. joking,I'll SL @ 1.5470
the lower we go the more I load long
TP 1.5770 area and above.
SL....I'm not gonna use any SL on this one
p.s. joking,I'll SL @ 1.5470
the lower we go the more I load long
- #318,080
- Jul 4, 2012 10:00am Jul 4, 2012 10:00am
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts