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  • #780,921
  • Apr 2, 2013 1:32am Apr 2, 2013 1:32am
Quoting MaxDoom
indeed
Lol kind have stalled, but all in all GBP data was not good.

Maybe accumulation of shorts
When the facts change I change my mind, what do you do sir
  • #780,922
  • Apr 2, 2013 1:33am Apr 2, 2013 1:33am
when the gbp is at 43xx it will be too late
those who can, do. those who cant, talk about those who can
  • #780,923
  • Apr 2, 2013 1:34am Apr 2, 2013 1:34am
the mid for 2777.5 and 2876 is 2826x
those who can, do. those who cant, talk about those who can
  • #780,924
  • Apr 2, 2013 1:34am Apr 2, 2013 1:34am
Quoting gatorinla
closing 1/3 at 2820.5 + spread... and the rest to b.e.
  • #780,925
  • Apr 2, 2013 1:48am Apr 2, 2013 1:48am
Important level were at
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 24 KB
What is any ocean but a multitude of drops?
  • #780,926
  • Apr 2, 2013 1:48am Apr 2, 2013 1:48am
GU is making LL and LH on M1...so for now I got a short bias as long as price stays below 1.5225ish. Targeting 1.5185 and then 1.5140 if this down move continues. 1.5200 has to break first though. Not a big fan of this 1.5200-1.5225 area, could go either way.
  • #780,927
  • Apr 2, 2013 1:51am Apr 2, 2013 1:51am
UJ and EJ heading to daily piv, shorts be careful...
  • #780,928
  • Apr 2, 2013 1:51am Apr 2, 2013 1:51am
Quoting 4exNinja
GU is making LL and LH on M1...so for now I got a short bias as long as price stays below 1.5225ish. Targeting 1.5185 and then 1.5140 if this down move continues. 1.5200 has to break first though. Not a big fan of this 1.5200-1.5225 area, could go either way.
looking for 4332.. after the 49xx target was hit a bounce was normal.
those who can, do. those who cant, talk about those who can
  • #780,929
  • Apr 2, 2013 1:52am Apr 2, 2013 1:52am
Quoting 4exNinja
GU is making LL and LH on M1...so for now I got a short bias as long as price stays below 1.5225ish. Targeting 1.5185 and then 1.5140 if this down move continues. 1.5200 has to break first though. Not a big fan of this 1.5200-1.5225 area, could go either way.
But with a poor PMI you figure a drop. Somehow gains strength when the mortgage lending came out. Really?
When the facts change I change my mind, what do you do sir
  • #780,930
  • Apr 2, 2013 1:56am Apr 2, 2013 1:56am
Quoting Pip Anon
But with a poor PMI you figure a drop. Somehow gains strength when the mortgage lending came out. Really?
I live in the UK, so yeah, I'm a massive GBP bear...but it having dropped already by so much over the past 3mo makes me a bit hesitant. If they refuse to intensify stimulus this week, I wouldn't be surprised to see GU retrace a bit of the recent losses despite bad news. Also, keep in mind that while the PMI missed expectations, it still shows an improvement.

And again, probably not touching the JPY pairs until Wednesday night
  • #780,931
  • Apr 2, 2013 1:56am Apr 2, 2013 1:56am
Quoting MaxDoom
taken an initial short @ 1.2869 {image}
you absolutely nailed that entry (again lol) Max. Hope you had a good easter weekend.
  • #780,932
  • Apr 2, 2013 2:01am Apr 2, 2013 2:01am
Quoting gatorinla
the mid for 2777.5 and 2876 is 2826x
Hi Gatorinla,

I would like to ask question about your levels. Are those levels fixed till movement complete? And I would like to hear your opinion about calculating those levels dynamically with in specific time such as 24 hrs or 12 hrs according to HH and LL within those periods? Thanks in advance.

Take care
  • #780,933
  • Apr 2, 2013 2:05am Apr 2, 2013 2:05am
Quoting 4exNinja
I live in the UK, so yeah, I'm a massive GBP bear...but it having dropped already by so much over the past 3mo makes me a bit hesitant. If they refuse to intensify stimulus this week, I wouldn't be surprised to see GU retrace a bit of the recent losses despite bad news. Also, keep in mind that while the PMI missed expectations, it still shows an improvement. And again, probably not touching the JPY pairs until Wednesday night
I can understand that. It's just interesting how EUR and GBP will shoot up when US data is poor, but vice versa it kinda just muddles there lol. It was better than last quarter, but lower than the last three. Small steps, but then again when you look at the overall picture, since Jan. 2012, the PMI data has been over 50 3x of the last 12 reports.

I am still getting use to using tick charts.
When the facts change I change my mind, what do you do sir
  • #780,934
  • Apr 2, 2013 2:09am Apr 2, 2013 2:09am
GU bouncing off 1.5200 level it seems...looking for a re-entry opportunity once it bounced off a bit (as I still have a short bias overall). 1.5215 might be a good re-entry level. My main target's still 1.5140 if it goes short.

Alternatively it might drop to 1.5185ish (Sunday night's open) before retracing to 1.5200 and then go short.

IF GU goes long it needs a "we won't do much more stimulus now and keep rate as is" message from the BOE...which we won't get until Thursday.
  • #780,935
  • Apr 2, 2013 2:09am Apr 2, 2013 2:09am
Quoting sh5467
you absolutely nailed that entry (again lol) Max. Hope you had a good easter weekend.
yes all good thanks I trust you as well.

just heading out now for a few hours catch you later today.

short EJ again @ 119.53
  • #780,936
  • Apr 2, 2013 2:16am Apr 2, 2013 2:16am
Quoting 4exNinja
GU is making LL and LH on M1...so for now I got a short bias as long as price stays below 1.5225ish. Targeting 1.5185 and then 1.5140 if this down move continues. 1.5200 has to break first though. Not a big fan of this 1.5200-1.5225 area, could go either way.
yep cable is at tricky levels, "but" within last 3 months, she has been @ some pretty important levels, and just kept smashing them,

right now shes only good for scalping I have 12hr simple chart, real combination of dynamics, poked through the falling tl, printing a rising channel just now which may have capped with a double top just below historic support, 23 fib in there 50sma curling up, 200 sstill strong down, tricky tricky, tricky

is new monthly open,, 2nd 1/4 yearly plenty of time to see what she wants to do
Attached Image (click to enlarge)
Click to Enlarge Name: cable 12hr 2 4 2013.png Size: 90 KB
If you are new to Forex? Say Goodbye to your account!!
  • #780,937
  • Apr 2, 2013 2:17am Apr 2, 2013 2:17am
Quoting Ken A
uncle ken^^
  • #780,938
  • Apr 2, 2013 2:19am Apr 2, 2013 2:19am
Quoting MaxDoom
yes all good thanks I trust you as well. just heading out now for a few hours catch you later today. short EJ again @ 119.53
all good here, Cambridge is sunny (for a change). busy with tax year end but will make time to get some trades off this week.
  • #780,939
  • Apr 2, 2013 2:25am Apr 2, 2013 2:25am
Quoting 4exNinja
GU is making LL and LH on M1...so for now I got a short bias as long as price stays below 1.5225ish. Targeting 1.5185 and then 1.5140 if this down move continues. 1.5200 has to break first though. Not a big fan of this 1.5200-1.5225 area, could go either way.
First target hit (1.5185), stalling a bit...but if it breaks through 1.5140ish is next

Full disclosure, I got kicked on the way because I'm a donkey and picked my "tight SL" instead of my "wide SL" template. Still happy with my analysis so far
  • #780,940
  • Apr 2, 2013 2:28am Apr 2, 2013 2:28am
Quoting sh5467
all good here, Cambridge is sunny (for a change). busy with tax year end but will make time to get some trades off this week.
You in tax bizz mate...?
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