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Cable Update (GBPUSD)

  • #106,061
  • Dec 11, 2008 7:52am Dec 11, 2008 7:52am
Quoting Shermenator
Dont persuaded we have been ranging for a couple of hours look at the wicks on boths sides showing great indecesion the market its at parity....the market makers will push it soon to the next set of orders in the market....just be patient and wait for a couple of yard orders to be activated....
theres no market maker in forex shermo....thats the stock markets
  • #106,062
  • Dec 11, 2008 7:54am Dec 11, 2008 7:54am
i went long on gpbjap so this mofo best go up...dunno why i tried that currency since the spread is much bigger...
  • #106,063
  • Dec 11, 2008 7:56am Dec 11, 2008 7:56am
Quoting nAVIN2007
i went long on gpbjap so this mofo best go up...dunno why i tried that currency since the spread is much bigger...
The fundamental outlook for yen is very Bullish be carefull
  • #106,064
  • Dec 11, 2008 8:00am Dec 11, 2008 8:00am
Quoting PipLand
The fundamental outlook for yen is very Bullish be carefull
thanks ...stop loss is 60 pips..its a bit late for me to me carefull, but thanks bro for the heads up
  • #106,065
  • Dec 11, 2008 8:01am Dec 11, 2008 8:01am
Whenever this bitch decides to move... it's gonna move fast..
Patience + Discipline - Greed = Success
  • #106,066
  • Dec 11, 2008 8:02am Dec 11, 2008 8:02am
Quoting nAVIN2007
thanks ...stop loss is 60 pips..its a bit late for me to me carefull, but thanks bro for the heads up
no prob and good luck, look how much the yen slaughtered the dollar today, wish i was still on that ride
  • #106,067
  • Dec 11, 2008 8:04am Dec 11, 2008 8:04am
Right now its on the fast road to nowhere.

Right cable! Last warning. Take those spike and sit on them and lets see where we can go. Euro is making cable look silly today and this is boring.

Quoting Infinity
Whenever this bitch decides to move... it's gonna move fast..
Ride the Bulls bearback!
  • #106,068
  • Dec 11, 2008 8:07am Dec 11, 2008 8:07am
m15 looks very bearish indeed... but this price action is crazy...
Patience + Discipline - Greed = Success
  • #106,069
  • Dec 11, 2008 8:09am Dec 11, 2008 8:09am
Quoting alcando
Right now its on the fast road to nowhere.

Right cable! Last warning. Take those spike and sit on them and lets see where we can go. Euro is making cable look silly today and this is boring.
This is so annoying,

4945 on the 4hr touches a major downtrend line on my chart. This is the only thing i can see from keeping this down. This is a strong trend so once its broken then should fly
  • #106,070
  • Dec 11, 2008 8:11am Dec 11, 2008 8:11am
I have a small long on at 4900 again... I am going on the road so won't be able to monitor it.. I have stop loss below 4800 tp 5320... one of two things can happen...
Patience + Discipline - Greed = Success
  • #106,071
  • Dec 11, 2008 8:14am Dec 11, 2008 8:14am
Quoting Infinity
I have a small long on at 4900 again... I am going on the road so won't be able to monitor it.. I have stop loss below 4800 tp 5320... one of two things can happen...
Dollar is getting battered left right and centre apart from from cable if it doesnt happen today then this is mad
  • #106,072
  • Dec 11, 2008 8:15am Dec 11, 2008 8:15am
Quoting nAVIN2007
theres no market maker in forex shermo....thats the stock markets
Marketmakers in terms of large number of banks and institutions who trade actively with each other directly on a daily basis with huge sums, since there is no centralized regulated exchange
  • #106,073
  • Dec 11, 2008 8:18am Dec 11, 2008 8:18am
Quoting Infinity
I have a small long on at 4900 again... I am going on the road so won't be able to monitor it.. I have stop loss below 4800 tp 5320... one of two things can happen...
I see what you're seeing.. But I could not hold on to my long (also I have no idea how the dow will play today). You are so on target though with your upside expectations.. Fantastic entry btw
USD Est Non Mortuus
  • #106,074
  • Dec 11, 2008 8:27am Dec 11, 2008 8:27am
Quoting Shermenator
Marketmakers in terms of large number of banks and institutions who trade actively with each other directly on a daily basis with huge sums, since there is no centralized regulated exchange
  • #106,075
  • Dec 11, 2008 8:29am Dec 11, 2008 8:29am
EUro has hit major resistance.

If it goes through cable will follow but I think there will be some profit taking to bring Eur down and cable with it...

*really tempted to short the Eur there but just can't pull the trigger after all that strong uptrend...
  • #106,076
  • Dec 11, 2008 8:39am Dec 11, 2008 8:39am
Quoting Vourvoul
EUro has hit major resistance.

If it goes through cable will follow but I think there will be some profit taking to bring Eur down and cable with it...

*really tempted to short the Eur there but just can't pull the trigger after all that strong uptrend...
as long as eur/gbp falls faster than eur/usd then cable will still fly
  • #106,077
  • Dec 11, 2008 8:43am Dec 11, 2008 8:43am
Quoting c1ro
Hi..
What parameters do u use on bollinger bands?

Thanks..

standard settings are 20 ma and 2 std

http://en.wikipedia.org/wiki/Bollinger_bands
  • #106,078
  • Dec 11, 2008 8:43am Dec 11, 2008 8:43am
Quoting PipLand
as long as eur/gbp falls faster than eur/usd then cable will still fly

i have a strong feeling that cable will go up ..that could be bad
gpbjap keep missing my SL by the hair on my buttocks ..mightbe just waiting for the hourly close
  • #106,079
  • Dec 11, 2008 8:45am Dec 11, 2008 8:45am
Quoting nAVIN2007
i have a strong feeling that cable will go up ..that could be bad
gpbjap keep missing my SL by the hair on my buttocks ..mightbe just waiting for the hourly close
We all are...
  • #106,080
  • Dec 11, 2008 8:46am Dec 11, 2008 8:46am
Quoting nAVIN2007
i have a strong feeling that cable will go up ..that could be bad
gpbjap keep missing my SL by the hair on my buttocks ..mightbe just waiting for the hourly close
its looking good eur/gbp poised to fall
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