Technical Look and Daily Cals

[fss side]

hey diva good to hear from you again. My short was a bit early but there is diveregence all over the place so lets see where it goes.

[varun]

Hey guys!

Just decided to check the forum to see if anyone was still around and it looks like we're all on the same wavelength.

Let's get this show back on the road

hey diva.. great to hear from u... how is it going at your end.... yeah time to get the show going...

Cheers

Varun

[Million$Man]

hey diva good to hear from you again. My short was a bit early but there is diveregence all over the place so lets see where it goes.

Morning all...
i can see the divergnce too on the hourlies...Also cross of MA5 & 12 and RSI about to dip below 50..so here goes
took the short this morning.
Good Luck
M$M

[fss side]

Hey milli good to hear from you. I am still holding my short, however it is a bit under water. I was a little eager to take this trade and should have waited.

[varun]

Shrted cable at 9835 for a reversal upto 9720 with a sl at 9885... Cable has almost hit the top of the rising chanel on 1 hr and turned down and the rsi has also turned down as i write this so have gone shrt... Till the time we stay in the chanel there is a strong possibility of the reversal.. attached is the chart have a look

Cheers

Varun

Trade stopped out.... sl trigged... now will wait for a new pattern and conformation before re entering...

Cheers

Varun

[Million$Man]

Trade stopped out.... sl trigged... now will wait for a new pattern and conformation before re entering...

Cheers

Varun

same here
35 pip loss...
Hourlies are still showing divergence but i guess its hard to determine entry sometimes with div.
M$M

[jkdon]

Shorted GBP/USD @ 1.9872/85 TGT1-9670

JK

[fss side]

hey jk long time. good to hear from you. looks like the whole gang is getting back together. lets have a good time and make some pips

[RISKEE]

Hey Folks , Good to see you all again , well the recent pound strength is due to Markets are anticipating That BOE will signal a hike in July , If this happened we'd see the pair back to 2.00 , But on the otherside the pair would crack under Highly O/B Hourlies ( which didn't unwind till now ) bringing us to the rising uptrend for a re-test , had a long at 9810 Limit 9880 , closed the postion and waiting for tomorrow's big events. Good Luck.

[fss side]

Well i jumped the short entry the other day so I am sitting back and waiting for this short to come into play.

[RISKEE]

Will this resistance holds the pair back , I think that a retracement of 38.2% of recent wave high should be touched before we could go even up higher , Will sell a failure on 9945 , buy a break with 9999 as a target . GooD LUCK

[fss side]

Riskee i think that the 38.2 would reset the techs and a launch towards 2 would be likely at that point. Good trading to you

[RISKEE]

Thanx fss side ,good luck to u too , By the way Guyz we had a daily close above the declining trend and also a nice support at 9885 ( we couldn't go much lower ) , So I think we might see a re-test for 9945 ( more likely with a break ) , However will not enter market now , watching the price action till we have a confirmation cheers.

[fss side]

I agree there isn't much to give us direction at the moment. Price is being held up. I expected it to fall but it hasn't. The dailies are becoming ob so I still think we may have a pretty good fall maybe back down to the 38.2 retrace like you talked about. I will wait and see but for now I think it is risky to take a long. Just my opinion.

[fss side]

Well it has been a crazy week for me. Looks like they are going to try and push for recent highs but I can't imagine it going too high with the techs being so overbought. The dailies are ob and the 4hr also.