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Cable Update (GBPUSD)

  • #342,921
  • Jun 19, 2013 2:08am Jun 19, 2013 2:08am
Gidday

At the moment waiting for a long to come out

GBP/US 15650 TP 15750 then drops back again

Should have gone long from 15600
  • #342,922
  • Jun 19, 2013 2:41am Jun 19, 2013 2:41am
G/M,

The pullback off 5751 current weekly hi reached yesterday's 5563 lo after the downside break out of the 5751-5679 consolidation before a significant bounce - this @/around the 38.2% 5272-5751 move....price has now encountered some supply at a previous 1qhr swing lo zone on the recovery with a LH a Hl and now a H on that recovery off 5563 so far on 1hr

G/L
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ex member
  • #342,923
  • Jun 19, 2013 3:08am Jun 19, 2013 3:08am
Quoting eliteincome
Gidday At the moment waiting for a long to come out GBP/US 15650 TP 15750 then drops back again Should have gone long from 15600
Hi eliteincome,

I'm with you, expecting the long may come out in the next 30mins on the newsbreak probably.

Best Regards,
dormin
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"be content with your pay" - John the Baptist
  • #342,924
  • Jun 19, 2013 3:34am Jun 19, 2013 3:34am
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I know which way I'd start building a position
  • #342,925
  • Jun 19, 2013 3:35am Jun 19, 2013 3:35am
Soo phatetic movement....
  • #342,926
  • Jun 19, 2013 3:40am Jun 19, 2013 3:40am
knee-jerk downside reaction to 0930am London time Uk data...bids now likely @ 5620, 5600, 5575 and stronger @ 5550 says a source.

1hr is below

G/L
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ex member
  • #342,927
  • Jun 19, 2013 3:43am Jun 19, 2013 3:43am
Hello

Come up up you peace off shit

I just want to get rid of my long

These we drops driving me nuts

I will end up throwing my computer out the window
  • #342,928
  • Jun 19, 2013 4:12am Jun 19, 2013 4:12am
big post Uk data thrust candles closes up to 1hr result - 1hr and 4hr mixed/unclear again now. Yesterday's daily candle close made the 5751 a fractal swing high on that t/f. 4hr (on this price feed anyway) closes as a bearish bodied inverted hammer ..ascending t/line on this t/f just below current lo.

G/L
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ex member
  • #342,929
  • Jun 19, 2013 4:40am Jun 19, 2013 4:40am
...price finding some demand at the bids into 5600 / 61.8% 5663-5668..U.s Fomc later (also Uk's Boe King speaks later too.)

http://www.reuters.com/article/2013/...me=usDollarRpt

G/L
ex member
  • #342,930
  • Jun 19, 2013 5:45am Jun 19, 2013 5:45am
Anyone else long on cable?
  • #342,931
  • Jun 19, 2013 5:56am Jun 19, 2013 5:56am
confluence of that 61.8% 5663-5668 and the 4hr ascending trend line, and bids had been well touted into 5600...nice evidence of accumulation on 5min and then the bullish divergence and a bullish engulfing trigger...doesn't get much better - nice little trade !

G/L

Quoting Freshpips
Anyone else long on cable?
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ex member
  • #342,932
  • Jun 19, 2013 5:57am Jun 19, 2013 5:57am
Quoting Freshpips
Anyone else long on cable?
Hi Freshpips,

Still holding onto my long @ 1.5650 SL-1.5599.
I was expecting it may go down before going up, usually london guys like to hit SL before heading into the direction.

If it reaches my entry, it's most possible to go above 1.5700 and maybe even to my target area 1.5740~50

Best Regards,
dormin
"be content with your pay" - John the Baptist
  • #342,933
  • Jun 19, 2013 6:01am Jun 19, 2013 6:01am
Good day traders. GBP/USD: sell @ 1,5641 activated.

Wish all a successful day!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #342,934
  • Jun 19, 2013 6:15am Jun 19, 2013 6:15am
Quoting dormin
{quote} Hi Freshpips, Still holding onto my long @ 1.5650 SL-1.5599. I was expecting it may go down before going up, usually london guys like to hit SL before heading into the direction. If it reaches my entry, it's most possible to go above 1.5700 and maybe even to my target area 1.5740~50 Best Regards, dormin
Hi,

Already closed my scalp long from 1.5622. TP was hit @ 1.5639, I knew price would stall around 1.5640.

At these levels I'm not confident enough to let anything run, I intend to take some profit whilst I can!

In the longer term, I wouldnt be suprised if price re-visited 1.573x's, but with FOMC later I wouldnt trust leaving anything open...

Good luck.
  • #342,935
  • Jun 19, 2013 7:19am Jun 19, 2013 7:19am
a break of this channel and we go down, but we still have a lot of room to go up , I probably should take profit here but it's part of the game
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  • #342,936
  • Jun 19, 2013 7:36am Jun 19, 2013 7:36am
High impact news tonight from the FED so pay attention as it would surely rock the markets!
  • #342,937
  • Jun 19, 2013 7:55am Jun 19, 2013 7:55am
Quoting Mr.C
Good day traders. GBP/USD: sell @ 1,5641 activated. Wish all a successful day!

Cable SL @ 1,5685.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #342,938
  • Jun 19, 2013 8:25am Jun 19, 2013 8:25am
Good day,

Engulfing horns on the 4hr my side - will it do what it is supposed to ?

Still holding longs... Bullish divergence still in play, as I see it.

Regards
  • #342,939
  • Jun 19, 2013 8:28am Jun 19, 2013 8:28am
A close above 5680 could make things little better for bulls..
  • #342,940
  • Jun 19, 2013 8:34am Jun 19, 2013 8:34am
Quoting Freshpips
{quote} Hi, Already closed my scalp long from 1.5622. TP was hit @ 1.5639, I knew price would stall around 1.5640. At these levels I'm not confident enough to let anything run, I intend to take some profit whilst I can! In the longer term, I wouldnt be suprised if price re-visited 1.573x's, but with FOMC later I wouldnt trust leaving anything open... Good luck.
hi,

took your advise and closed here too ,will wait the fomc as i hate the ben bernanke, he causes too many losses
prepare for worst & expect the best
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