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Cable Update (GBPUSD)

  • #125,841
  • Mar 10, 2009 7:00am Mar 10, 2009 7:00am
Something's happened, something's good for US market. DJ's going up so far.
Becare everyone, thinking fully when open position long or short.
The market is always right, but it is not never wrong!!!
  • #125,842
  • Mar 10, 2009 7:35am Mar 10, 2009 7:35am
This is too frustrating, no momentum or clear direction
  • #125,843
  • Mar 10, 2009 7:37am Mar 10, 2009 7:37am
Closed my longs at 1.3892 .............waiting this to retrace below 13850 for another long...............I am afraid to short today...........lot of relatively good economical news .........market is in bluish mode ........




Quoting BANDA
Hi people
How are you all? I am long @ 137.90 and 138.10 now going to move 20 points up my stop loss to keep some green pips............In case you guys want to short big time........ I think today will be a long day .............for me shorts at this point asking for trouble .........just my take......
BANDA333
  • #125,844
  • Edited 8:40am Mar 10, 2009 7:55am | Edited 8:40am
Quoting BANDA
Closed my longs at 1.3892 .............waiting this to retrace below 13850 for another long...............I am afraid to short today...........lot of relatively good economical news .........market is in bluish mode ........
I agree with you that maybe be no any short session today, because yesterday short channel has been broken (Look the yellow fibo fan line.) and shifted into the long channel.

I maybe long at pullback down at the blue supp. fibo fan and short after will have come into the short pressure area ( grey color).
Attached Image (click to enlarge)
Click to Enlarge Name: 100309.gif Size: 77 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #125,845
  • Mar 10, 2009 7:58am Mar 10, 2009 7:58am
one day of ''good'' news make us bullish?!?... could could...

i would rather think that all we wait for is another bad news.... and no one want to commit itself before the call. Even bullish mode would only lead us to 1.4075 max, witch is still relatively bearish on higer TF.

Its also funny that at low range some "good" news are release...
---------

I'm gonna trade the chart..... witch is ranging/mixed for now.
  • #125,846
  • Mar 10, 2009 8:04am Mar 10, 2009 8:04am
Quoting Inzider
one day of ''good'' news make us bullish?!?... could could...

i would rather think that all we wait for is another bad news.... and no one want to commit itself before the call. Even bullish mode would only lead us to 1.4075 max, witch is still relatively bearish on higer TF.

Its also funny that at low range some "good" news are release...
---------

I'm gonna trade the chart..... witch is ranging/mixed for now.
what do u think (50.0) 1.3962 before we go sell
  • #125,847
  • Mar 10, 2009 8:17am Mar 10, 2009 8:17am
Still bearish for longer term trend. After a big down move like we had yesterday, the market does like to pause to catch its breath before moving on in whatever direction. We had a big support level in the 1.3950 area that was broken finally after holding all of last week. While it might get revisited to test as resistance, the bigger move is down.

These last few hourly bars have had long wicks to the upside. There isn't much demand above 1.3860 right now.
  • #125,848
  • Mar 10, 2009 8:21am Mar 10, 2009 8:21am
Quoting srekcah24
what do u think (50.0) 1.3962 before we go sell
Any fibs will play major role its no doubt!

I personnaly wait for a low around 1.38 again... i doubt bears will leave it fly over 1.39 easily.
Its pure ranging and we are now at london close...
  • #125,849
  • Mar 10, 2009 8:33am Mar 10, 2009 8:33am
If this rally holds, dollar will weaken against all currencies, and will continue to do so as long as there is a relief rally in US equities. A major economic news, IE bank nationalization will change that.
  • #125,850
  • Mar 10, 2009 8:33am Mar 10, 2009 8:33am
Quoting Touchdown
This is too frustrating, no momentum or clear direction

Tell me about it, this has been going on since November. I'm ready for the markets to start trending again so I can make some real money.
Just Trade It
  • #125,851
  • Mar 10, 2009 8:35am Mar 10, 2009 8:35am
Quoting manize
I agree with you that it might be no any short session today, because yesterday short channel has been broken (Look the yellow fibo fan line.) and shifted into the long channel.

I might be long at pullback down at the blue supp. fibo fan and short after will have come into the short pressure area ( grey color).

Dude, what is up with that chart. Where is the price?
Just Trade It
  • #125,852
  • Mar 10, 2009 8:44am Mar 10, 2009 8:44am
Hey Buddy
Nice chart analysis ........thank you very much.I am waiting for the end of U.K session ........they may short and buy again low..........still about 1 H for their session.



Quoting manize
I agree with you that maybe be no any short session today, because yesterday short channel has been broken (Look the yellow fibo fan line.) and shifted into the long channel.

I maybe long at pullback down at the blue supp. fibo fan and short after will have come into the short pressure area ( grey color).
BANDA333
  • #125,853
  • Mar 10, 2009 8:46am Mar 10, 2009 8:46am
Quoting Big Wave Rider
Dude, what is up with that chart. Where is the price?
I never have the exact price because I maybe wrong and jump up more than what I think, just watch and see the chart when any trigger appear... let's go in !!!!
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #125,854
  • Mar 10, 2009 8:51am Mar 10, 2009 8:51am
Quoting manize
I never have the exact price , just watch and see the chart when any trigger appear... let's go in !!!!

You have enough triggers on that chart to trade like this

http://cerebralsynergy.com/e107_imag...or2Minigun.jpg
Just Trade It
  • #125,855
  • Mar 10, 2009 8:58am Mar 10, 2009 8:58am
Muhahah!

Looks like a "Happy Trigger!"

--------------

1.3840, cmon baby light my fire!!
Short 1.3850... since this morning! Muahah!
  • #125,856
  • Edited 9:17am Mar 10, 2009 9:03am | Edited 9:17am
Quoting Big Wave Rider
You have enough triggers on that chart to trade like this

http://cerebralsynergy.com/e107_imag...or2Minigun.jpg
The art of FOREX is no one can call 100% always right at a certain price !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #125,857
  • Mar 10, 2009 9:05am Mar 10, 2009 9:05am
Quoting Inzider
Muhahah!

Looks like a "Happy Trigger!"

--------------

1.3840, cmon baby light my fire!!
Short 1.3850... since this morning! Muahah!
Hardly seems worth the trouble
  • #125,858
  • Mar 10, 2009 9:08am Mar 10, 2009 9:08am
Yes, i been so patient that she "NEED" to give me some.

Been disciplined, want my candy now!

-------------

Sweet love long time!!! (music!)
  • #125,859
  • Mar 10, 2009 9:17am Mar 10, 2009 9:17am
Quoting manize
No one can call 100% always right at a certain price !
The goal is to not be right 100% or even 60%.
You can be right 85% of the time and still loose money on a yearly basis.
I'm right only 50% of the time and I make money on a yearly basis. why?
Because entries are meaningless, might as well flip a coin.
The key to success is not an entry signal, its how you manage risk and exit your trade. Cut your losses short and let your winners ride then multiply your winners. Its that easy, and you don't need to be right more that 30% of the time.
Just Trade It
  • #125,860
  • Mar 10, 2009 9:18am Mar 10, 2009 9:18am
Quoting Inzider
Muhahah!

Looks like a "Happy Trigger!"

--------------

1.3840, cmon baby light my fire!!
Short 1.3850... since this morning! Muahah!
Ups up again !!!
I only trade XAU/USD. Based on USD news & Fib SR & BB20
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