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Cable Update (GBPUSD)

  • #342,881
  • Jun 18, 2013 5:28am Jun 18, 2013 5:28am
Quoting albchr
{quote} Yeah, for me I'd like see today's daily close below the 50% by a good amount. I think it has a shot at this point and that would make me feel better about my underwater short positions. {image}
Well, I just got stopped out... oh well! Time for some lunch
  • #342,882
  • Jun 18, 2013 5:40am Jun 18, 2013 5:40am
Quoting GDR3k
Going to go long @ 5589
Missed my order by 1 pip before bouncing back up 25+ pips then coming crashing back down safe to say the order got cancelled after it missed it by a narrow margin.

One of those days.
  • #342,883
  • Jun 18, 2013 5:41am Jun 18, 2013 5:41am
Oh yeah, free fall mode. Go baby go!
Ghost Rider - WWTBMD?
  • #342,884
  • Jun 18, 2013 6:19am Jun 18, 2013 6:19am
Mixed US news and bad GBP data is punishing the pound
  • #342,885
  • Jun 18, 2013 6:22am Jun 18, 2013 6:22am
This is where the rubber meets the road for me. Still a lot of wood to chop for my shorts. Both could bounce and turn back here. We shall see.
Attached Image (click to enlarge)
Click to Enlarge Name: USDLFX_GBPLFX_Daily.PNG Size: 63 KB
Ghost Rider - WWTBMD?
  • #342,886
  • Jun 18, 2013 6:23am Jun 18, 2013 6:23am
Quoting ladylike
Making the head, h4
... and now the shoulder.
  • #342,887
  • Jun 18, 2013 6:25am Jun 18, 2013 6:25am
Quoting ladylike
{quote} ... and now the shoulder.
Could very well be.
Ghost Rider - WWTBMD?
  • #342,888
  • Jun 18, 2013 6:30am Jun 18, 2013 6:30am
I feel relieved, I am short from Friday and today having good results
  • #342,889
  • Jun 18, 2013 6:33am Jun 18, 2013 6:33am
Quoting nahman
Mixed US news and bad GBP data is punishing the pound
You don't know what you're talking about. What "bad data"?. The data for GBP was good and for USD was somewhat bad.
  • #342,890
  • Jun 18, 2013 6:52am Jun 18, 2013 6:52am
Quoting bbakker
{quote} Well, I just got stopped out... oh well! Time for some lunch
Had lunch and found myself a better trade...

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_m5.png Size: 27 KB


Long live the Euro... LOL

Back into positive territory for the day. Wishing you all a great day's trading!

P.S. Moved SL to 1.3375... Let's see if London can take this higher now, but I have a feeling it is going to be chop chop until tomorrow.
  • #342,891
  • Jun 18, 2013 7:26am Jun 18, 2013 7:26am
Quoting Ill-b-back
Let's see if we can get to 1.56 by NY open. Will be interested in buying there
It seems a good call. Hope you jump in 1.56 as planned. The target should be around 1.58
  • #342,892
  • Jun 18, 2013 8:36am Jun 18, 2013 8:36am
Good day,

Added buys to my initial 1.5663 long all the way down to 1.5620. If I read this bullish divergence right, taking the weekly into consideration, the 1.5751 top will blow.

all the best

Regards
  • #342,893
  • Jun 18, 2013 9:48am Jun 18, 2013 9:48am
Quoting TauTrader
Good day, Added buys to my initial 1.5663 long all the way down to 1.5620. If I read this bullish divergence right, taking the weekly into consideration, the 1.5751 top will blow. all the best Regards
Good day,

I'm golden. Closed some of the weaker longs in between. 3 days left to beat the last top.( 1.5751).. Otherwise I close where I am Friday.

Regards
  • #342,894
  • Jun 18, 2013 9:58am Jun 18, 2013 9:58am
eur usd wont survive at this level 1.3400

Quoting bbakker
{quote} Had lunch and found myself a better trade... {image} Long live the Euro... LOL Back into positive territory for the day. Wishing you all a great day's trading! P.S. Moved SL to 1.3375... Let's see if London can take this higher now, but I have a feeling it is going to be chop chop until tomorrow.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #342,895
  • Jun 18, 2013 10:28am Jun 18, 2013 10:28am
Good call IBB
  • #342,896
  • Jun 18, 2013 10:49am Jun 18, 2013 10:49am
Quoting albchr
This is where the rubber meets the road for me. Still a lot of wood to chop for my shorts. Both could bounce and turn back here. We shall see. {image}
Ok, that should do it for now...lol
Attached Image (click to enlarge)
Click to Enlarge Name: USDLFX_GBPLFX_Daily.PNG Size: 63 KB
Ghost Rider - WWTBMD?
  • #342,897
  • Jun 18, 2013 12:17pm Jun 18, 2013 12:17pm
Quoting ForexRatVN
{quote} It seems a good call. Hope you jump in 1.56 as planned. The target should be around 1.58
I got in at 5615 and just woke up and closed out at 5650 or so.
58 area was my targe for the retest.

In mid range right now and will see where Ben takes us.
Come with me if you want to live....
  • #342,898
  • Jun 18, 2013 12:19pm Jun 18, 2013 12:19pm
Quoting TauTrader
Good call IBB
Thx TT, hope you're good.
Good to see you brother.
Come with me if you want to live....
  • #342,899
  • Jun 18, 2013 12:29pm Jun 18, 2013 12:29pm
Quoting Ill-b-back
{quote} Thx TT, hope you're good. Good to see you brother.
Good day, IBB

Yip - sitting pretty.

Gunning for a new recent high by Friday...

Will see.

I'm scalping the 4hr chart. Mistake I made was not waiting for the bar close. So- in way too early on the bullish divergence. But she may play out.

All the best
  • #342,900
  • Jun 18, 2013 1:02pm Jun 18, 2013 1:02pm
how do you read todays candle on d1 ?

Quoting Ill-b-back
{quote} I got in at 5615 and just woke up and closed out at 5650 or so. 58 area was my targe for the retest. In mid range right now and will see where Ben takes us.
On-site guru & also FF member's' psychiatrist, when not drinking tea
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