Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#380,601
Jun 6, 2014 12:00am Jun 6, 2014 12:00am

RussJ
| Joined Apr 2013 | Status: Trader | 843 Posts

Quoting OnlineAddict

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What about this? Down to 6790, then up to 6835, down to 6650, up to 6750, down to 6400(not directly). {image}

Ignored

Well looks like what I planned last week for this week has panned out... up too 1.6819 as per plan now hoping 2nd part of plan.. down too 1.6744 (1.6839/56) then up too 1.6844

Hoping NFP sinks us down first too 1.6744 then up... people will get a chance iof this happens to enter off 1.6756 if 1.6739/44 holds......

If get down there before NfP to 1.6744 then we wil finish nfp at 1.6873

!.6744 will take us too 1.6844 there we will get a pullback too 1.6785 whether that happens today or Monday will depend on when we get too 1.6744 whether we get there today before NFP or at NFP, either way 1.6785 will take us too 1.6873.... we are targeting double top fellas and ladies as foretold last week

If I am incorrect and we go up first which I am not expecting then I see 1.6873 shorting too 1.6808, that would be the buy then upto 1.69... although I am not expecting that as we have not filled the zone at 1.6744..... we need to fill then move up/// may need NFP to bash through 1.6787 though.. good luck all

#380,602
Jun 6, 2014 12:10am Jun 6, 2014 12:10am

aktrader
| Joined Mar 2014 | Status: Trader | 82 Posts

Quoting RussJ

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{quote} You've bought at resistance

Ignored

I see that 20 pips can be milked out first...

#380,603
Jun 6, 2014 1:34am Jun 6, 2014 1:34am

RussJ
| Joined Apr 2013 | Status: Trader | 843 Posts

Quoting aktrader

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{quote} I see that 20 pips can be milked out first...

Ignored

goo luck on it, for me that's a quick way to lose capital buying at resistance and selling at support.....

#380,604
Jun 6, 2014 1:35am Jun 6, 2014 1:35am

JimmyC
Joined Jun 2013 | Status: Trader | 3,071 Posts

Howzit GU

European opening calls:
#FTSE 6833 up 20
#DAX 9984 up 36
#CAC 4565 up 16
#IBEX 10889 up 13
#MIB 22026 up 75

Its jobs day keep your leverage low position sizes small and if you can, just watch... Expectations are very high for a rebound in jobs but caution has crept in after a boring ADP print, disappointment could see some unexpected highs on Cable. Volatility returned for a while yesterday and there were some nice opportunities.

Cable Daily
Bearish notes
The down trend line from 1.69965 remains valid (so does the diamond and wedge I've posted before) however these bearish structures are being tested on the invalidation side.
The Daily TL from 12 November '13 has been broken with price now testing the bottom, today might see invalidation or a last kiss good bye

Bullish notes
Price trends above the 200sma has crossed below the 50sma and is retesting the 50sma as dynamic resistance but most drops below the 50 have been short lived. The 50 and 200 MA are tracking parallel and far apart and confirm a technical uptrend is intact.

The bullish triangle formed in February14 with breakout 8 April 14 remains.. valid and calls for upside towards 1.7246

S/R Notes

Resistance @ 1.7 holds, 1.6896 remains valid
Support @ 1.626 confirms the uptrend is intact, 1.646 will give the bigger bears a headache minor support at 1.6732 has been firm this week with only minor closes below.

Attached Image

$DXY

firm rejection @81 but NFP will clear up whether this is a significant rejection or not... Rates in the US rising and bonds beginning to wake up a little suggest strength is still possible. We will watch the PA and see

Attached Image

Trade safe

#380,605
Jun 6, 2014 2:01am Jun 6, 2014 2:01am

elbert3
Joined Dec 2013 | Status: Trader | 19,815 Posts

Quoting JimmyC

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Howzit GU European opening calls: #FTSE 6833 up 20 #DAX 9984 up 36 #CAC 4565 up 16 #IBEX 10889 up 13 #MIB 22026 up 75 Its jobs day keep your leverage low position sizes small and if you can, just watch... Expectations are very high for a rebound in jobs but caution has crept in...

Ignored

morning jim too 1252 long to 70 then short on gold , gbsud lot of consolidation 5,15 and 30 min with emas that means a bigish move not sure yet the more congested the bigger move, hope it is short ,gl today B

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green 200 would be good

#380,606
Jun 6, 2014 2:13am Jun 6, 2014 2:13am

elbert3
Joined Dec 2013 | Status: Trader | 19,815 Posts

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780 and 733 are support ,780 could be pull back then long, to 840,a push through both then 722, 6998, but this is going to be news ruled i think today i have seen short selling on fxstree with no sl numbers in place, 1,700 is still off the cards , but 6919 could be the top .

#380,607
Jun 6, 2014 2:16am Jun 6, 2014 2:16am

JimmyC
Joined Jun 2013 | Status: Trader | 3,071 Posts

Quoting elbert3

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{quote} morning jim too 1252 long to 70 then short on gold , gbsud lot of consolidation 5,15 and 30 min with emas that means a bigish move not sure yet the more congested the bigger move, hope it is short ,gl today B {image} green 200 would be good

Ignored

Morning Bert! Enjoy

#380,608
Jun 6, 2014 2:21am Jun 6, 2014 2:21am

DerekTrotter
| Joined Mar 2014 | Status: Trader | 941 Posts

Quoting elbert3

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{image} 780 and 733 are support ,780 could be pull back then long, to 840,a push through both then 722, 6998, but this is going to be news ruled i think today i have seen short selling on fxstree with no sl numbers in place, 1,700 is still off the cards , but 6919 could be the top .

Ignored

ah there we go - perfect morning coffee and E's charts - just the best combo around for sure.. have a good one gringo .. ;-)

#380,609
Jun 6, 2014 2:23am Jun 6, 2014 2:23am

DerekTrotter
| Joined Mar 2014 | Status: Trader | 941 Posts

Quoting elbert3

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{image} 780 and 733 are support ,780 could be pull back then long, to 840,a push through both then 722, 6998, but this is going to be news ruled i think today i have seen short selling on fxstree with no sl numbers in place, 1,700 is still off the cards , but 6919 could be the top .

Ignored

69 was my figure mentioned yesterday sounds about right.. gonna be a fun day thats for sure..

#380,610
Jun 6, 2014 2:32am Jun 6, 2014 2:32am

razaali
Joined Mar 2013 | Status: Trader | 694 Posts

Quoting elbert3

Disliked

{quote} morning jim too 1252 long to 70 then short on gold , gbsud lot of consolidation 5,15 and 30 min with emas that means a bigish move not sure yet the more congested the bigger move, hope it is short ,gl today B {image} green 200 would be good

Ignored

hello elbert, any update on gold chart, do u make any new chart regarding gold

#380,611
Jun 6, 2014 2:36am Jun 6, 2014 2:36am

Janut
| Joined May 2014 | Status: Trader | 251 Posts

Cable shall retrace back to 6780-68 before pushing higher. I NFP shall come worse then expected prepare to touch 1,7>? Let's wait.

No emotions, just trade

#380,612
Jun 6, 2014 2:39am Jun 6, 2014 2:39am

DerekTrotter
| Joined Mar 2014 | Status: Trader | 941 Posts

Quoting Janut

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Cable shall retrace back to 6780-68 before pushing higher. I NFP shall come worse then expected prepare to touch 1,7>? Let's wait.

Ignored

How about we wait together.. like ur style btw .. makes total sense to me ..

#380,613
Jun 6, 2014 2:41am Jun 6, 2014 2:41am

RussJ
| Joined Apr 2013 | Status: Trader | 843 Posts

Here's the levels lads.

Of Course I am hoping for 1.6739/47 for my buy, but if it goes off 1.6767 and i will miss that as not prepared to buy there even though i see it, my ris becomes greater if I buy there, but if it does happen no fear, i will then I short 1.6844 and buy it again at 1.6785 targeting 1.6873.... but I am hopeful we get back too 1.6740 area for upward move too 1.6844

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#380,614
Jun 6, 2014 2:42am Jun 6, 2014 2:42am

PoundTrader
Joined Sep 2010 | Status: Life Time Member | 6,685 Posts

all signs point to long

#380,615
Jun 6, 2014 2:56am Jun 6, 2014 2:56am

RussJ
| Joined Apr 2013 | Status: Trader | 843 Posts

Quoting PoundTrader

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all signs point to long

Ignored

don't matter if goes up or down, ultimately by close of business it will go up.. but if it goes up now before nfp then I will short nfp at 1.6844/48 lel down too 1.6785 then buy it up to 1.6870

If it goes down first then I will buy at 1.6740's and target 1.6840..

Either way doesn't matter for me but prefer down first as we get to continue the up move longer and I can leave bits and pieces on etc

#380,616
Jun 6, 2014 3:02am Jun 6, 2014 3:02am

elbert3
Joined Dec 2013 | Status: Trader | 19,815 Posts

Quoting razaali

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{quote} hello elbert, any update on gold chart, do u make any new chart regarding gold

Ignored

morning posted on gold thread,, but only my opinion E

#380,617
Jun 6, 2014 3:02am Jun 6, 2014 3:02am

PoundTrader
Joined Sep 2010 | Status: Life Time Member | 6,685 Posts

Quoting RussJ

Disliked

{quote} don't matter if goes up or down, ultimately by close of business it will go up.. but if it goes up now before nfp then I will short nfp at 1.6844/48 lel down too 1.6785 then buy it up to 1.6870 If it goes down first then I will buy at 1.6740's and target 1.6840.. Either way doesn't matter for me but prefer down first as we get to continue the up move longer and I can leave bits and pieces on etc

Ignored

what every works for you http://www.easyfreesmileys.com/smileys/dancing-baby.jpg