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Cable Update (GBPUSD)

  • #58,541
  • Mar 17, 2008 7:18am Mar 17, 2008 7:18am
Quoting Abuawad
update to 2.0 with 200 pips
Abuawad

2.0200 is in the middle of the Unknown Area, aren't we supposed to stay away from there?
Darkness lies one inch ahead..
  • #58,542
  • Mar 17, 2008 7:35am Mar 17, 2008 7:35am
Quoting TraderJR
Abuawad

2.0200 is in the middle of the Unknown Area, aren't we supposed to stay away from there?
Quote
check haw cable perform near these values on the 1 hour chart
Attached Images
http://www.forexfactory.com/attachme...1&d=1205740586


Cable open today below the unknown area limit and hit the first target then move back to the unknown area limit and can't breake the resistanat fibo fan as you can see i post before. Why should i loss this chance
  • #58,543
  • Mar 17, 2008 7:36am Mar 17, 2008 7:36am
Quoting MarcoW
Well, I'm not sure what would be a sufficient sample size in order to validate his methodology in order for him to make that jump, but there's no doubt he's having great success thus far, and he has taken the time and effort to assist others here when he certainly didn't have to do so, thus making him..

a gentleman and a scholar in my book and for which I wish him the best of success in all of his endeavors!!
thanks a lot
  • #58,544
  • Mar 17, 2008 7:44am Mar 17, 2008 7:44am
Quoting Abuawad
Attached Images
http://www.forexfactory.com/attachme...1&d=1205740586


Cable open today below the unknown area limit and hit the first target then move back to the unknown area limit and can't breake the resistanat fibo fan as you can see i post before. Why should i loss this chance
Just for my clarification, in the chart that you have posted price never traded at 2.0200 so how were you able to sell that level??? Just curious.
  • #58,545
  • Mar 17, 2008 7:45am Mar 17, 2008 7:45am
Wow, the pair is reacting very seriously to the news... Well, hard time to short since bigger news on due tomorrow, I think one short is enough for me and it's not likely for the pair to dive below 2.0 area...

I'll be waiting for the pair to recover, otherwise, shorting (again) is not beneficial for me... If I'd like to speculate, I'd take Long @ 2.0075 (or around 50.0 fibo level-weekly TF) or if the pair really dives below 2.0, I'll be the first one shorting it (PO: Short @ 1.9985 around 38.2 fibo level-weekly TF)

I'll be (very) sitting back watching the market and how it plays bungee jumping in my chart

Best wishes for you guys...
  • #58,546
  • Mar 17, 2008 7:48am Mar 17, 2008 7:48am
He must have it left open since Friday or so...

Quoting zones
Just for my clarification, in the chart that you have posted price never traded at 2.0200 so how were you able to sell that level??? Just curious.
  • #58,547
  • Mar 17, 2008 7:52am Mar 17, 2008 7:52am
Quoting zones
Just for my clarification, in the chart that you have posted price never traded at 2.0200 so how were you able to sell that level??? Just curious.
this chart i post it before the price hit the area 2.02 after the post with sometime.
check the channel again and you can see clear that the limit of it near 2.0195 and 2.02 area on the 50.0 fibo level cross the fibo fan

just note: don't take my analysis by the letter the figures in my analysis is not 100% sure or accurate.
also don't forget that when we have the opening today below the limit with around 20 pips change these figures a little bit.
everyone should update their analysis if it's required to do.
  • #58,548
  • Mar 17, 2008 7:54am Mar 17, 2008 7:54am
Quoting Abuawad
this chart i post it before the price hit the area 2.02 after the post with sometime.
check the channel again and you can see clear that the limit of it near 2.0195 and 2.02 area on the 50.0 fibo level cross the fibo fan

just note: don't take my analysis by the letter the figures in my analysis is not 100% sure or accurate.
also don't forget that when we have the opening today below the limit with around 20 pips change these figures a little bit.
everyone should update their analysis if it's required to do.
Yes thanks for the clarification Abuawad.
  • #58,549
  • Mar 17, 2008 7:54am Mar 17, 2008 7:54am
Quoting zones
Just for my clarification, in the chart that you have posted price never traded at 2.0200 so how were you able to sell that level??? Just curious.
I had a low of 1.9992.
Humble Lifetime Member
  • #58,550
  • Mar 17, 2008 7:56am Mar 17, 2008 7:56am
Quoting fdowtf
He must have it left open since Friday or so...
No, the entry was today.
I don’t keep position during the day off. For any reason
Attached Image
  • #58,551
  • Mar 17, 2008 7:56am Mar 17, 2008 7:56am
Abuawad, when you enter, how much of a stop loss do you put in place, and have you been stopped out much before price heads in the direction you thought it would?

Cable seems lately to jump 30-45 pips in some of these moves that ultimately head in the correct direction based on analysis.
"I know how hard it is for you to put food on your family." George W. Bush
  • #58,552
  • Mar 17, 2008 7:56am Mar 17, 2008 7:56am
closed my cable long gamble

I have noticed that a strong push up on the euro takes cable with it 'some'

but any slip in the euro wrecks cable

as the euro approaches 1.60, the word is that central banks will say 'enough' and give it a whack -
that would beat cable up a lot

cable is just too fragile - whether it should be or not

so any longs i put on will be small and short term - and as the euro rises another cent or two i will feel more like using a short trade
  • #58,553
  • Mar 17, 2008 8:12am Mar 17, 2008 8:12am
Quoting MarcoW
Abuawad, when you enter, how much of a stop loss do you put in place, and have you been stopped out much before price heads in the direction you thought it would?

Cable seems lately to jump 30-45 pips in some of these moves that ultimately head in the correct direction based on analysis.
Check the previous post for when.
Stop loss was 2.0257
And I stop trading for today with +200 pip.
The direction of cable now, I don’t care by the end of today I’ll update my analysis for tomorrow
  • #58,554
  • Mar 17, 2008 8:14am Mar 17, 2008 8:14am
Maybe your Long was too early... Mine @ 2.0075 triggered, and now, BE already.....
Keep trying, but next time, put more analysis to the trade (instead of your gambling style trading....)

Quoting allserene
closed my cable long gamble

I have noticed that a strong push up on the euro takes cable with it 'some'

but any slip in the euro wrecks cable

as the euro approaches 1.60, the word is that central banks will say 'enough' and give it a whack -
that would beat cable up a lot

cable is just too fragile - whether it should be or not

so any longs i put on will be small and short term - and as the euro rises another cent or two i will feel more like using a short trade
  • #58,555
  • Mar 17, 2008 8:22am Mar 17, 2008 8:22am
2.0257 is just above 50.0 fibo in weekly TF. Do you use the weekly TF often? What do you think about using fibo level for in-and-out signal?
(I'm very curious to know more about those levels, you know, they are just mathematically correct... and that's good for me to be ensured by those numbers)

Quoting Abuawad
Check the previous post for when.
Stop loss was 2.0257
And I stop trading for today with +200 pip.
The direction of cable now, I don’t care by the end of today I’ll update my analysis for tomorrow
  • #58,556
  • Mar 17, 2008 8:41am Mar 17, 2008 8:41am
Quoting fdowtf
Maybe your Long was too early... Mine @ 2.0075 triggered, and now, BE already.....
Keep trying, but next time, put more analysis to the trade (instead of your gambling style trading....)
I made a bit out of the long and I am happy with that. I switch styles and gambling is only one of them; but anyone in the market today is gambling whether they believe in the musings of some long dead Italian maths hobbyist or not.
Anyone who is in denial over the gambling element will have to admit it sooner or later. What is gambling but predicting mathematical outcomes anyway ?

It's only called 'trading' to absolve people with religious taboos. Were Bear Sterns trading or did they gamble ?

Doesn't matter as long as the weighted averages work out in the long run
  • #58,557
  • Mar 17, 2008 8:45am Mar 17, 2008 8:45am
2.0115 is important area ... if cable pass it ... will go up ... or it will fall down
  • #58,558
  • Mar 17, 2008 8:46am Mar 17, 2008 8:46am
Erm..did someone just shoot the President??!! 20 pip drop in a 1 min candle??
  • #58,559
  • Mar 17, 2008 8:47am Mar 17, 2008 8:47am
Quoting allserene
I think you mean 'pray' rather than 'prey' but that's just the grammar school generation being picky.

Good for you with your long term long - its a sound enough strategy.

Genuine success is what we are all after - but fake success every single time there is a big move (and most times 180 degrees from their last stated positions), is irritating

I repeat, that anyone who is as good as some of these guys claim to be would not be trudging off to work every day - would you ? I wouldnt leave the house if I was that good - I would pay someone to go shopping for me !

It's no so long since the Americans were applauding eliot spitzer and enron and bear sterns and george w bush - so we have to make sure it's the genuine article before we start hooting our approval
Well that’s true I never paid attention at school. You call it picky I call it only happy when you have someone to put down.
Well im glad you cleared up the fact that you are talking about me. Why not just say it?
For a min I thought you were talking about Abu as he never shows a loss and I was standing up for him. But he is your friend isn’t he so you can believe him.
I am the most open person here .I post all my charts and plans well before they happen and I trade them. You can not understand such accuracy because you do not use charts to get the direction you use your own micro world to get your view which I have to tell you is not reliable.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #58,560
  • Mar 17, 2008 8:48am Mar 17, 2008 8:48am
no(40 pip drop just now) - ECB Sources on MNI say ECB very concerned about recent FX, expect more verbal intervention! blah bhal bhal

FED and ECB actions speak louder than words!
Trading is 80% Emotional, 20% Technical
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