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Cable Update (GBPUSD)

  • #11,741
  • May 1, 2007 4:53am May 1, 2007 4:53am
Quoting de123
in low liqudity be aware ur broker might be hunting ur stops, they do not need to be sinhronize with other brokers,...once u expirienced that, u never gona place stop in such "holidays" time....


Shaping up to be one of those days. Although indications point to
downward movement here, volatility will make for difficult trading
because of the instability that goes with holiday trading.
  • #11,742
  • May 1, 2007 5:04am May 1, 2007 5:04am
guess I misread lol have close my short position and into long
  • #11,743
  • May 1, 2007 5:19am May 1, 2007 5:19am
Critical area in a critical day in a NFP week.... Gotta love this Forex....

Long term (upwards) channel so far sovereign. The short term (downward/corrective) channel playing hard ball.

However, the broader configuration suggests continuation upward, sooner or later.

"Visits" above the downwards channel are likely but might not configure breakout, so be careful trading this area...

On the downside, short positions look favored, but in case of a breakout you will find your shorts in bad shape...
Attached Image
  • #11,744
  • May 1, 2007 5:34am May 1, 2007 5:34am
Tony is gona give statement about his future in a week time....so we might have a dailly double top...i am out for today, going fishing....hehe
its just money
  • #11,745
  • May 1, 2007 5:57am May 1, 2007 5:57am
A break of 2.0053 will damage this bearish view:

It should trade lower to 1.9914 or 1.9834 in extension


Key point 2.0022
Elliott 2.0063
Closing 1.9995
Projection 1.9956
Trendline 2.0029
Trendline 2.0016

Res 2 2.0112
Ex-High 2.0031
Res 1 2.0053
Pivot 1.9973
Sup 1 1.9914
Ex-Low 1.9892
Sup 2 1.9834
  • #11,746
  • May 1, 2007 6:10am May 1, 2007 6:10am
i think there s more 40/50 pips on the table for longs today so i'm holding
  • #11,747
  • May 1, 2007 6:18am May 1, 2007 6:18am
On cable I see reverse HS formation, formed last 5 days on 1H chart. Neckline is around 2.0050-is area and most likely is to have just false break and go down to 1.9900 or 1.9850.
That is just my view.
GL to all
It’s just emotions & money
  • #11,748
  • May 1, 2007 7:15am May 1, 2007 7:15am
i think we will see 2.0081 soon
  • #11,749
  • May 1, 2007 7:42am May 1, 2007 7:42am
Do you guys expect the cable to see the 2.0000 and lower again today?
  • #11,750
  • May 1, 2007 7:52am May 1, 2007 7:52am
Quoting ashlee_17
Do you guys expect the cable to see the 2.0000 and lower again today?
If this channel (chart above) was already broken (0030 supportive), forget about 2.0000 for a good while... Cable just printed higher than last week.
  • #11,751
  • May 1, 2007 8:01am May 1, 2007 8:01am
I am long from 2.0028 and 2.0045. Not quite sure what to do being stuck at 2.0050 level. Exit trades or wait for the news in 1 hour?? Will it go further up?
  • #11,752
  • Edited 4:56pm May 1, 2007 8:03am | Edited 4:56pm
Is it my imagination or did Cable drop 50+ points and completely retrace within the last 15 minutes (metatrader platform)?
  • #11,753
  • May 1, 2007 8:05am May 1, 2007 8:05am
Quoting goonergonebad
Is it my imagination or did Cable drop 100+ points and completely retrace within the last 15 minutes (metatrader platform)?
You need a break. Take a week off.
  • #11,754
  • May 1, 2007 8:08am May 1, 2007 8:08am
Quoting x3m
You need a break. Take a week off.
I know, I know, but !
Attached Image
  • #11,755
  • May 1, 2007 8:15am May 1, 2007 8:15am
Quoting x3m
You need a break. Take a week off.
ROFL
  • #11,756
  • May 1, 2007 8:16am May 1, 2007 8:16am
Quoting goonergonebad
I know, I know, but !
I caught this last one with my own eyes.

A massive drop then a surge upwards from it's original price.

This is the broker CROWN. I looked at ALPARI but no trace of anomolies.

For me, just weird.
Attached Image
  • #11,757
  • May 1, 2007 8:18am May 1, 2007 8:18am
Quoting goonergonebad
I know, I know, but !
Looks like your broker did hunt for someone's SL before high volume of long.
- Ray Tracy - Novice forex trader from GMT+8
  • #11,758
  • May 1, 2007 8:19am May 1, 2007 8:19am
just a broker spreading panic amongst clients!

now if that spike messed with clients trades, imagine the confusion that is going on with dealing support!
  • #11,759
  • May 1, 2007 8:20am May 1, 2007 8:20am
Quoting camisa
ROFL
ROFL? Sounds like you need English lessons. You spell randy old fart loses it ROFLI..

OK
  • #11,760
  • May 1, 2007 8:20am May 1, 2007 8:20am
Quoting FXTIGER
Change your broker !!!
Exactly! They are collecting stops! What broker is it anyway so I never open an account there?
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