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Cable Update (GBPUSD)

  • #319,961
  • Jul 27, 2012 9:58am Jul 27, 2012 9:58am
Quoting inpatient
closed out my shorts at substantial loss yesterday, looking now fro a new entry short, maybe soon 1.5785

what are your thoughts right now? I know you called the bull move, are you ready to short from up here?

I have no thoughts today......sorry. I am watching my son right now as the wife has my daughter at the dentist......so my thoughts are playing with my 3 year old son.....hanging out......and then looking forward to my birthday party this Sunday.......I will post something more insightful next week.......

Cheers to everyone...

Faller.
I don't trust any move - when you have profit...take it.
  • #319,962
  • Jul 27, 2012 10:04am Jul 27, 2012 10:04am
its gbp/ chf going down the more, i have been long and never close my entries, is there reversal later, or is it going down the more.
  • #319,963
  • Jul 27, 2012 10:06am Jul 27, 2012 10:06am
I think I'll short, strong rejection candle + divergence on the hourly.
  • #319,964
  • Edited 10:42am Jul 27, 2012 10:11am | Edited 10:42am
ok move up & failing also , so 5696 breaks 1st confirmation & 5665 next confirmation of the failure now for move towards limit for bull 5519,intermediate support may 5600, 5590 OK , before further up if possible gofor 5778 test , a top 2nd range play.1st confirmation if ok but not 2nd then also can take up straight also as wave 3 of 5th , 2nd only important for the down correction or so .
fontu
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #319,965
  • Jul 27, 2012 11:34am Jul 27, 2012 11:34am
Quoting Faller
I have no thoughts today......sorry. I am watching my son right now as the wife has my daughter at the dentist......so my thoughts are playing with my 3 year old son.....hanging out......and then looking forward to my birthday party this Sunday.......I will post something more insightful next week.......

Cheers to everyone...

Faller.
don't play with him,teach him how to trade instead
happy Bday and have fun
  • #319,966
  • Jul 27, 2012 11:45am Jul 27, 2012 11:45am
just realised something big.the biggest thing in trading.I'm gonna be rich rich rich.

want me to share ? put some music for me and I'll tell you for free.c#mon,what's your favourite song or artist.I love music but my brainwashed mind cannot remember any song titles.

really now the discovery I made is the biggest one.actually I can only share it on PM so the banksters won't spoil the fun
  • #319,967
  • Jul 27, 2012 12:30pm Jul 27, 2012 12:30pm
That a boy Draghi.......just puffed out another fart that the market liked......watch your shorts!
I don't trust any move - when you have profit...take it.
  • #319,968
  • Jul 27, 2012 12:52pm Jul 27, 2012 12:52pm
You know....I am not all that convinced that what Draghi is proposing is actually going to be good - it may be good for some things but all in all I think markets might not like what is going on in Europe even though Europe is doing something......it might not be greeted with applause by the market.

Just a thought -

I scalped crude on the Draghi comments.....but there was no follow through and very shortly after - the euro pulled back along with gold etc......

The market is still very uneasy......I am going to have a nap now.

Trade safe going into this weekend.

Faller.
I don't trust any move - when you have profit...take it.
  • #319,969
  • Jul 27, 2012 12:59pm Jul 27, 2012 12:59pm
It may not be good in the long run but holy crap. Did you guys hear what he said??

His proposal said to include bond buying, rate cut, new LTRO!

THE WHOLE WORKS.

NOT ONE BUT EVERYTHING.

omg covered my shorts, long aussie now.
  • #319,970
  • Jul 27, 2012 1:08pm Jul 27, 2012 1:08pm
Quoting Iro
It may not be good in the long run but holy crap. Did you guys hear what he said??

His proposal said to include bond buying, rate cut, new LTRO!

THE WHOLE WORKS.

NOT ONE BUT EVERYTHING.

omg covered my shorts, long aussie now.

Ya and see the reversal in the market now??????? His so called comments are now unconfirmed.......bullshit news fakkers.
I don't trust any move - when you have profit...take it.
  • #319,971
  • Jul 27, 2012 1:21pm Jul 27, 2012 1:21pm
He can talk the talk, but until he walks the walk...
  • #319,972
  • Jul 27, 2012 2:06pm Jul 27, 2012 2:06pm
forming bullish before market close -.-
  • #319,973
  • Jul 27, 2012 2:15pm Jul 27, 2012 2:15pm
Here's a bloomberg article that I think explains the situation pretty well:

http://www.bloomberg.com/news/2012-07-27/draghi-said-to-hold-talks-with-weidmann-on-ecb-bond-purchases.html

I don't think its just talk. Remember when they did the LTRO last time? The euro rallied for a few weeks straight.

So I think they're planning something even bigger. Of course the kinks will have to be worked out first, but we'll see.
  • #319,974
  • Jul 27, 2012 3:57pm Jul 27, 2012 3:57pm
Quoting redbeben
sold EU @ 1.2364 TP 1.2320 first and 1.2310 later and last stop 1.2020
as well we just hit 50% fibo on this one

SL 1.2450 as it is a swing
now I can rest peacefully as I am fully revenged
  • #319,975
  • Jul 27, 2012 4:02pm Jul 27, 2012 4:02pm
Quoting redbeben
just realised something big.the biggest thing in trading.I'm gonna be rich rich rich.

want me to share ? put some music for me and I'll tell you for free.c#mon,what's your favourite song or artist.I love music but my brainwashed mind cannot remember any song titles.

really now the discovery I made is the biggest one.actually I can only share it on PM so the banksters won't spoil the fun

really now nobody interested?nobody loves me here to give me any music to listen to ?

I just took trading to another dimension
  • #319,976
  • Jul 27, 2012 7:22pm Jul 27, 2012 7:22pm
Quoting PoundTrader
looking like we might see around 1.5400 area then end the week at 1.5700 area, base on pa
  • #319,977
  • Jul 27, 2012 8:27pm Jul 27, 2012 8:27pm
Quoting PoundTrader

ok ok.....I will give you an ......at a' boy!
I don't trust any move - when you have profit...take it.
  • #319,978
  • Jul 27, 2012 9:13pm Jul 27, 2012 9:13pm
Quoting PoundTrader
Nostratrader
Come with me if you want to live....
  • #319,979
  • Jul 28, 2012 11:52am Jul 28, 2012 11:52am
Strong monthly resistance above the price here. Downtrend from the high 2.11 coninues over the long term.

The bearish engulfing candle from May is in control of this pair for now. The mid point of that May candle is around 1.5802 price level.
Attached Image (click to enlarge)
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  • #319,980
  • Jul 28, 2012 12:00pm Jul 28, 2012 12:00pm
The weekly chart shows resistance at the green 22 sma held @ 1.5783. The weekly high was only 1.5766. The brown 55 sma is above it around 1.5829. The midpoint of the May Bearish engulfing is around 1.5802 and is in sight this week.
The current weekly candle peeked above the red 200 sma but failed to close above it.
Attached Image (click to enlarge)
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