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Cable Update (GBPUSD)

  • #320,781
  • Aug 7, 2012 1:38am Aug 7, 2012 1:38am
Quoting bguguen
This market is making me die of boredom....

yes sir
Money never sleeps...
  • #320,782
  • Aug 7, 2012 1:50am Aug 7, 2012 1:50am
Quoting bguguen
it doesnt matter bro... in fact with the lack of any movement here good god i have no idea wtf is going on.... it could get to 1.63 or it could get to 1.45... who knows...
i agree!

and this rangy trend is a bit crazy with very fast moves in both directions.
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  • #320,783
  • Aug 7, 2012 1:52am Aug 7, 2012 1:52am
i thought to set an order long 5580-90.
luckily i did not.

to go more up, price need to sit in that level.
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  • #320,784
  • Aug 7, 2012 1:56am Aug 7, 2012 1:56am
today and tmr morning cable will be nothing but bear.fundies here

by techs we should see below 1.5500

good luck
  • #320,785
  • Aug 7, 2012 1:58am Aug 7, 2012 1:58am
Quoting redbeben
today and tmr morning cable will be nothing but bear.fundies here

by techs we should see below 1.5500

good luck
I truly hope so
Come with me if you want to live....
  • #320,786
  • Aug 7, 2012 1:59am Aug 7, 2012 1:59am
Quoting _BBKing_
i thought to set an order long 5580-90.
luckily i did not.

to go more up, price need to sit in that level.
well BBKing, please do forgive me if i try to sound intelligent here...
but with these tight ranges... i would turn to the daily chart and look where the range is... to enter a trade... i would either trade the range OR if you want bigger returns on breakout trades say longing at the top sort....
i would like to see a Confirmed Breakout on a daily close to put a Buy Limit order on a pullback....
when u look at daily, i get so fucking pissed off cuz we cant trade ANY breakout trades at all because we keep getting these wicks on the top side and daily closes IN RANGE.... so cant trade breakouts until i get a daily close OUTSIDE of the range...
We live in a finite world with infinite possibilities.
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  • #320,787
  • Aug 7, 2012 2:15am Aug 7, 2012 2:15am
Quoting Ill-b-back
I truly hope so
BOE Quarterly Inflation Report is scheduled on Wednesday this week and it is usually a strong market mover, especially when rumors are flying wild before the scheduled release time. In the case of this upcoming release, I believe the market should be pricing in a more dovish tone report, thus increase the chances of pre-selling on the GBP.

this is the fundie part.the techs come from M15 an H4..if H4 confirms with the next candle there is little left to stop this pair from sliding between 100 pips as a min and 250 pips.

daily chart also looks good in terms of RSI under 50 line,fast stoch pointing down and finally slow stoch as well crossed for sell.

time will tell.

in the meanwhile I am long on EUR GBP targeting 0.8040-80..10 pips locked already
  • #320,788
  • Aug 7, 2012 2:16am Aug 7, 2012 2:16am
fundies ? me tooooooooooooooooo . 1 : limited of my english , 2 : too much driven by politics 3 : needs time to implement policy to practical 4: etc



Quoting Ill-b-back
Yeah I know bro, I was just talking in context of the immediate discussion that's all.
I don't/can't trade fundies, don't know how
Meant no offence to anyone, just a view on my screen
not euphoria follower
  • #320,789
  • Aug 7, 2012 2:33am Aug 7, 2012 2:33am
Quoting bguguen
well BBKing, please do forgive me if i try to sound intelligent here...
but with these tight ranges... i would turn to the daily chart and look where the range is... to enter a trade... i would either trade the range OR if you want bigger returns on breakout trades say longing at the top sort....
i would like to see a Confirmed Breakout on a daily close to put a Buy Limit order on a pullback....
when u look at daily, i get so fucking pissed off cuz we cant trade ANY breakout trades at all because we keep getting these wicks on the top side and daily...
yes no breakout trades! risky.
even daily charts is messed up IMO.
all TF are a bit messed up since 2 weeks ago when epic farts from Draghi.
look this move up for example!!
damn i missed it
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  • #320,790
  • Aug 7, 2012 2:35am Aug 7, 2012 2:35am
Quoting redbeben
today and tmr morning cable will be nothing but bear.fundies here

by techs we should see below 1.5500

good luck
lol
up 50 pips in 20 minutes.
90% of traders use TA, indicators and prediction
  • #320,791
  • Aug 7, 2012 2:38am Aug 7, 2012 2:38am
Quoting _BBKing_
lol
up 50 pips in 20 minutes.
yup.still not far enough to short though

till I see 1.2448 as I posted yesterday on EU I cannot short anything

I'm only in EURGBP...still 10 pips locked and a veeery old ucad still 0.98XX as TP

it's gonna be a looong boooring day
  • #320,792
  • Aug 7, 2012 2:39am Aug 7, 2012 2:39am
Quoting _BBKing_
yes no breakout trades! risky.
even daily charts is messed up IMO.
all TF are a bit messed up since 2 weeks ago when epic farts from Draghi.
look this move up for example!!
damn i missed it
i have to say trading seemed to have evolved slightly..what i am seeing is the bigger time aspects playing out and small time frames full of noise..stick to the big picture and for all those thinking 1.4..get a grip!!

monthly doji i dont like thou
  • #320,793
  • Aug 7, 2012 2:40am Aug 7, 2012 2:40am
have no clear things in charts.
i take the morning off.

maybe whole day.
good luck you all
90% of traders use TA, indicators and prediction
  • #320,794
  • Aug 7, 2012 2:45am Aug 7, 2012 2:45am
G/M,

Bearish bodied candle on Daily yesterday, with a long lower wick...Daily, 4hr, and 1hr t/f's all in an opa range now.

Uk data due @ 0930am London - forecasts look £ negative on knee-jerk...will see what actual numbers come out like.

Ascending 1hr trend line and 1st 1/2 of a previous 1hr swing lo - bounce at current daily lo.

G/L
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ex member
  • #320,795
  • Aug 7, 2012 2:47am Aug 7, 2012 2:47am
Quoting nAVIN2007
i have to say trading seemed to have evolved slightly..what i am seeing is the bigger time aspects playing out and small time frames full of noise..stick to the big picture and for all those thinking 1.4..get a grip!!

monthly doji i dont like thou
well i dont want to disrespect but didnt you yell 1.65 to arrive when we're around 1.63?
besides for GBPUSD to fall to 1.4 all it takes is Spain in further trouble just like the greeks were in... only thing is Spain willl be bigger effect
We live in a finite world with infinite possibilities.
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  • #320,796
  • Aug 7, 2012 2:48am Aug 7, 2012 2:48am
Quoting _BBKing_
have no clear things in charts.
i take the morning off.

maybe whole day.
good luck you all

look at yur monthly..draw a traingle..u should find price broke out and is testing the breakout area..this is where the doji is..from my experience price is confirming a reluctance to go back in..if the high of the doji goes..continuation of trend continues and im going to mah target in a shuttle
  • #320,797
  • Aug 7, 2012 2:51am Aug 7, 2012 2:51am
Quoting bguguen
well i dont want to disrespect but didnt you yell 1.65 to arrive when we're around 1.63?
besides for GBPUSD to fall to 1.4 all it takes is Spain in further trouble just like the greeks were in... only thing is Spain willl be bigger effect

its all good..i trust myself..nobody is an oracle ..i cant predict how its getting there but i can forecast looking at charts..and i have to say one thing..i follow my analysis and i see nothing at all to show this mofo is heading there..

what it is doing i love because once it breaks above it will be a floor

but im carefull at same time..i exit one of mah positions because im not god
  • #320,798
  • Aug 7, 2012 2:51am Aug 7, 2012 2:51am
Quoting nAVIN2007
i have to say trading seemed to have evolved slightly..what i am seeing is the bigger time aspects playing out and small time frames full of noise..stick to the big picture and for all those thinking 1.4..get a grip!!

monthly doji i dont like thou
yes monthly i agree.
yesterday price took a slap just near weekly close area.
first of all, need to clear that area (5630-50)
considering this, what i see is in this chart below: a kind of weakening of supply in that level.

range is easy: WP till 5660 first, then 5660 5730/50 second.

i would not exclude another move attack followed by another move down.
but who knows?
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_Hourly_snapshot.png Size: 23 KB
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  • #320,799
  • Aug 7, 2012 2:54am Aug 7, 2012 2:54am
it is not a problem to think EU will reach parity but when....

this will drag GU with it but we don't need to worry as we are daytraders....even if last night I dreamed that EU fell to 1.19 in a straight move.....
  • #320,800
  • Aug 7, 2012 2:55am Aug 7, 2012 2:55am
Quoting nAVIN2007
its all good..i trust myself..nobody is an oracle ..i cant predict how its getting there but i can forecast looking at charts..and i have to say one thing..i follow my analysis and i see nothing at all to show this mofo is heading there..

what it is doing i love because once it breaks above it will be a floor

but im carefull at same time..i exit one of mah positions because im not god
not saying your analysis is bad... but im really worried looking at monthly charts... takes too damn long for a direction to formulate....
We live in a finite world with infinite possibilities.
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