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Cable Update (GBPUSD)

  • #120,581
  • Feb 16, 2009 1:51am Feb 16, 2009 1:51am
Quoting svirgo
200 pips stop. That is expensive
I usually trade 5mini to 1 full lots, so I kind of decreased my expenses. Anyway I think if cable breaks 1.4000 then it's goona be gone to negative infinity. otherwise it should at least cover the gap before going in in the direction mentioned above.
  • #120,582
  • Feb 16, 2009 1:58am Feb 16, 2009 1:58am
Tweezer on 1h , closing in 2 min here.
  • #120,583
  • Feb 16, 2009 2:10am Feb 16, 2009 2:10am
Long at 1.4160, TP 1.4310
  • #120,584
  • Feb 16, 2009 2:32am Feb 16, 2009 2:32am
I went long 1.4205 once M15 opens above ema10 ! SL 1.4175 ! I expect Abuawad 1st cell active then !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #120,585
  • Feb 16, 2009 2:52am Feb 16, 2009 2:52am
Hi. How r u? your bias today?
  • #120,586
  • Feb 16, 2009 2:55am Feb 16, 2009 2:55am
Quoting manize
I went long 1.4205 once M15 opens above ema10 ! SL 1.4175 ! I expect Abuawad 1st cell active then !
Manize...could you please give me Abuawad's website address...
I need to see his strike prices..and see if they match mine..
thanks

So far..Price Action is still favorable toward a bullish trend..but..if closing a candle over entrance we can see a nice move upward...
  • #120,587
  • Feb 16, 2009 2:56am Feb 16, 2009 2:56am
Quoting Exciter135
Hi. How r u? your bias today?
Short from 1.4232
  • #120,588
  • Feb 16, 2009 2:57am Feb 16, 2009 2:57am
I'm done for the day, my quota just about got hit so I closed my long for 46. Holidays seem to pull things about too much, not worth risking anymore. Have a good day guys. I am still long biased for a gap fill btw
  • #120,589
  • Feb 16, 2009 3:02am Feb 16, 2009 3:02am
I am staying out for now no trades until we get a clear direction.
my opinion that cable will play between 1.4180 and 1.4240
it will be good for anyone who dare to scalp in this kind of market.

anyway this is cable and everything is possible, it could break to the top or down side. watch out for those pin bars on the 4 hour chart.
overall trend is still down but we could see some jumps up.
  • #120,590
  • Feb 16, 2009 3:02am Feb 16, 2009 3:02am
Quoting JammerJams
Manize...could you please give me Abuawad's website address...
I need to see his strike prices..and see if they match mine..
thanks

So far..Price Action is still favorable toward a bullish trend..but..if closing a candle over entrance we can see a nice move upward...
Here I reload his post a few pages before !
Attached Image
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #120,591
  • Feb 16, 2009 3:02am Feb 16, 2009 3:02am
Quoting blurrcow
Short from 1.4232
. I still stay out.
  • #120,592
  • Feb 16, 2009 3:03am Feb 16, 2009 3:03am
Quoting JammerJams
Manize...could you please give me Abuawad's website address...
I need to see his strike prices..and see if they match mine..
thanks

So far..Price Action is still favorable toward a bullish trend..but..if closing a candle over entrance we can see a nice move upward...
His website: http://gbpusd-da.blogspot.com/
  • #120,593
  • Feb 16, 2009 3:04am Feb 16, 2009 3:04am
gOOD MORNING all,
Am just stairing at my pc for abt 2hrs now. my system shows no trade for now. Anyone with any bias .... mayb just for some thought!
  • #120,594
  • Feb 16, 2009 3:04am Feb 16, 2009 3:04am
Quoting Abouelzelouf
I am staying out for now no trades until we get a clear direction.
my opinion that cable will play between 1.4180 and 1.4240
it will be good for anyone who dare to scalp in this kind of market.

anyway this is cable and everything is possible, it could break to the top or down side. watch out for those pin bars on the 4 hour chart.
overall trend is still down but we could see some jumps up.
Agreed...it is guess work at this point. trying to catch tops and bottoms of swings..but no clear direction...1/2 guts other half risk...not worth the risk/reward effort
  • #120,595
  • Feb 16, 2009 3:13am Feb 16, 2009 3:13am
Quoting jack.canadia
Long at 1.4160, TP 1.4310
Hi Jack

I joined the forum last week and still lots to learn. I saw you entered a long @ 14160. Great entry point but I am intrigued to know what was your technical reason for that action at that time
  • #120,596
  • Edited 3:24am Feb 16, 2009 3:14am | Edited 3:24am
Quoting manize
I went long 1.4205 once M15 opens above ema10 ! SL 1.4175 ! I expect Abuawad 1st cell active then !
M15/M30/H1 closes above 1.4254 the probability go up to 1.4330 will be easy !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #120,597
  • Feb 16, 2009 3:14am Feb 16, 2009 3:14am
Quoting goodwings
gOOD MORNING all,
Am just stairing at my pc for abt 2hrs now. my system shows no trade for now. Anyone with any bias .... mayb just for some thought!
volume is small..and direction is unclear. Bearish..with a good chance of retrace. but still unclear...

Must break last weeks low in order to see decent movement.
I'm looking at e/u. it is currently in a tight channel...to break above 1.2766 would mean a nice retrace upward...

to push lower then 1.2720 and maintain..would be a drop to 1.25xx levels...

u/c is wanting to pierce 1.715 level..looks on track. dont know yet...50/50 on this one. not in yet...but if we are here for another hour...may see a nice retrace down if the current inner up trend line is broken..

u/j is at the high point in breaking that upper 4hr trend line...that is very interesting...

thats all I see so far
  • #120,598
  • Feb 16, 2009 3:17am Feb 16, 2009 3:17am
Quoting JammerJams
Agreed...it is guess work at this point. trying to catch tops and bottoms of swings..but no clear direction...1/2 guts other half risk...not worth the risk/reward effort
Its really comforting to know am not the only one thinking to remain at the sideline. But hopefully i want a BIG movement now. Just now ...or ...the market will miss me.
  • #120,599
  • Feb 16, 2009 3:27am Feb 16, 2009 3:27am
Quoting goodwings
Its really comforting to know am not the only one thinking to remain at the sideline. But hopefully i want a BIG movement now. Just now ...or ...the market will miss me.
Good wings..not to worry...there is a bus always around..jumping on is not the problem..jumping onto the RIGHT bus is the trick

patience..traders that make a living at this are always cautious. those that risk..well..you know.

good luck
  • #120,600
  • Feb 16, 2009 3:27am Feb 16, 2009 3:27am
Quoting JammerJams
volume is small..and direction is unclear. Bearish..with a good chance of retrace. but still unclear...

Must break last weeks low in order to see decent movement.
I'm looking at e/u. it is currently in a tight channel...to break above 1.2766 would mean a nice retrace upward...

to push lower then 1.2720 and maintain..would be a drop to 1.25xx levels...

u/c is wanting to pierce 1.715 level..looks on track. dont know yet...50/50 on this one. not in yet...but if we are here for another hour...may see a nice retrace down if the current inner up...
Thanks so much J.
The market mayb "blurfing" now. I strongly think of a downward movement....but only thinking while holding my acc!
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