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Cable Update (GBPUSD)

  • #343,261
  • Jun 25, 2013 2:27am Jun 25, 2013 2:27am
G/M,

Bullish candle yesterday - some consolidation now 5464-current daily hi to 5424 and good 2 way traffic...but bulls haven't finished yet (?) on the dip from the previous 1hr/minor 4hr swing hi zone....as again previous minor 1hr swing hi provides the demand (rbs)...see 1hr below. Uk data/Inflation report select committee hearings @ 0930am London.

G/L
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ex member
  • #343,262
  • Jun 25, 2013 2:28am Jun 25, 2013 2:28am
Quoting ForexRatVN
{quote} I am in as planned. Short @ 15450, 1st Target 15385, 2nd Target 15305. Keep my fingers cross
Mr. Bear hasn't come to market yet. Is he still in the shop or on the beach?
  • #343,263
  • Jun 25, 2013 2:28am Jun 25, 2013 2:28am
agree..


Quoting Ri Dwe
I think I've shopped enough around my Buy Zone (1.542-1.538) and just sit on it until 1.59 reached, maybe in two weeks time. Then 1.593-1.602 would be my Sell Zone, with 1.50-1.52 as target. For today I think this pair will test the weekly Pivot (1.551) and then Daily R2 (1.553)
not euphoria follower
  • #343,264
  • Jun 25, 2013 2:28am Jun 25, 2013 2:28am
Quoting ForexRatVN
{quote} I am in as planned. Short @ 15450, 1st Target 15385, 2nd Target 15305. Keep my fingers cross
if the new close is above trendline..u will see what im talking about
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  • #343,265
  • Jun 25, 2013 2:47am Jun 25, 2013 2:47am
Quoting nAVIN2007
{quote} if the new close is above trendline..u will see what im talking about {image}
aren't you concern about sell off in most markets an traditional $strentgth during such times?
swing it!
  • #343,266
  • Jun 25, 2013 2:54am Jun 25, 2013 2:54am
Quoting nAVIN2007
{quote} Only problem i have with that bro!..is long term direction is down..and im not confident with that trade safe pal
You show a Pound index chart with perhaps the strongest monthly bullish divergence I have seen a long time and now your backing out?
Bro....
Come with me if you want to live....
  • #343,267
  • Jun 25, 2013 2:58am Jun 25, 2013 2:58am
I have posted my Cable update for those who are interested here:

http://www.forexfactory.com/showthre...71#post6775571

Along with a GOLD TA chart.
  • #343,268
  • Jun 25, 2013 3:07am Jun 25, 2013 3:07am
Quoting nAVIN2007
{quote} i doubt it bro ..the scenero u talking about i reckon applies to USD
I'll be surprised if we break through 1.5640-50 this week, that's a tough nut to crack.
Come with me if you want to live....
  • #343,269
  • Jun 25, 2013 3:07am Jun 25, 2013 3:07am
Quoting Ill-b-back
{quote} You show a Pound index chart with perhaps the strongest monthly bullish divergence I have seen a long time and now your backing out? Bro....
no man im a bull completely i dropped my sells already..back to original plan
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  • #343,270
  • Jun 25, 2013 3:08am Jun 25, 2013 3:08am
Quoting tomspin
{quote} aren't you concern about sell off in most markets an traditional $strentgth during such times?

nope
  • #343,271
  • Jun 25, 2013 3:10am Jun 25, 2013 3:10am
buy 1.5419 stop 20 pips tgt 60
  • #343,272
  • Jun 25, 2013 3:14am Jun 25, 2013 3:14am
Quoting nAVIN2007
{quote} no man im a bull completely i dropped my sells already..back to original plan {image}
ok misunderstood.
When you said long term trend is down I'm not confident with that, I thought you were backing out.
Come with me if you want to live....
  • #343,273
  • Jun 25, 2013 3:27am Jun 25, 2013 3:27am
Quoting Ill-b-back
{quote} ok misunderstood. When you said long term trend is down I'm not confident with that, I thought you were backing out.

I have looked at the chart in a while..(long term) but i have been playing gbp strength now for a long time almost 1 year and eight months i think and its still moving in the direction i thought it would so no point backing out now ..haha
  • #343,274
  • Jun 25, 2013 3:29am Jun 25, 2013 3:29am
Quoting nAVIN2007
{quote} if the new close is above trendline..u will see what im talking about {image}
I wonder what time frame candle you are watching, Hourly or daily? Then I can keep one eye on it. I my sight, Mrs Bull is far away from home
  • #343,275
  • Jun 25, 2013 3:31am Jun 25, 2013 3:31am
Quoting sheppy
buy 1.5419 stop 20 pips tgt 60
Not sure when you bought @ this level. 15424 is lowest level on my chart
  • #343,276
  • Jun 25, 2013 3:34am Jun 25, 2013 3:34am
Quoting ForexRatVN
{quote} I wonder what time frame candle you are watching, Hourly or daily? Then I can keep one eye on it. I my sight, Mrs Bull is far away from home

monthly
  • #343,277
  • Jun 25, 2013 3:37am Jun 25, 2013 3:37am
U.K. May Mortgage Approvals 36.1K, Consensus 33.2K: BBA
  • #343,278
  • Jun 25, 2013 3:43am Jun 25, 2013 3:43am
0800 15min candle (uk time) defines the current daily hi-lo 5463-24,...horrible 5min chop inside that since continuing 6424-6424 range consolidation on 1hr off yesterday's 5464 hi...2 way traffic persists as uk inflation hearings continue...
----------------------------------------

Is Monthly not ranging ? (certainly isn't trending !?

G/L
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ex member
  • #343,279
  • Jun 25, 2013 3:49am Jun 25, 2013 3:49am
Quoting ForexRatVN
{quote} Not sure when you bought @ this level. 15424 is lowest level on my chart
maybe he's posting yesterday
even better than mama
  • #343,280
  • Jun 25, 2013 3:51am Jun 25, 2013 3:51am
what broker ?
Quoting sheppy
buy 1.5419 stop 20 pips tgt 60
not euphoria follower
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