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Cable Update (GBPUSD)

  • #131,041
  • May 4, 2009 9:34am May 4, 2009 9:34am
cheers, will keep looking and learning
  • #131,042
  • May 4, 2009 9:36am May 4, 2009 9:36am
already taken my profit at 496x
only left some small bombs..hope it can get through 14900
- Always pray on your trading - God know the best for everyone
  • #131,043
  • May 4, 2009 9:51am May 4, 2009 9:51am
Quoting kingindian
means it will drop to 48xx again?
I could drop lower. but 1.48 area is nice for first tp.

Dow jones reached 23% retracement in monthly . They will begin to take profit.
  • #131,044
  • May 4, 2009 10:01am May 4, 2009 10:01am
Now the shooting star on H1 accompanied by bottoming dollar makes for good short setup.
The key is not to rush and wait for optimal entry.
Hear the music before the song is over ...
  • #131,045
  • May 4, 2009 10:04am May 4, 2009 10:04am
Quoting Terminale
I could drop lower. but 1.48 area is nice for first tp.

Dow jones reached 23% retracement in monthly . They will begin to take profit.
wow 148x is to far for me..
im still new and afraid of floating
- Always pray on your trading - God know the best for everyone
  • #131,046
  • May 4, 2009 10:04am May 4, 2009 10:04am
it's look is going down further..
Attached Image (click to enlarge)
Click to Enlarge Name: cable.GIF Size: 27 KB
  • #131,047
  • May 4, 2009 10:14am May 4, 2009 10:14am
Nice template Bill, would you mind telling where can íi get it.
Thanks
  • #131,048
  • May 4, 2009 10:25am May 4, 2009 10:25am
yes, absolutely fascinating, where can one get it please??
  • #131,049
  • May 4, 2009 2:20pm May 4, 2009 2:20pm
Looks like it will test 1.51 or maybe more because of USD weakness. What do you think ? Charts says sell but it looks risky.
  • #131,050
  • May 4, 2009 2:39pm May 4, 2009 2:39pm
Quoting jack.canadia
Risky business right there.
hey jack, are you in line with the thinking it could test 1.51? Supposedly low vol today, but Asian and European mkts seen content sentiment wise to follow our indexes.... Also, several economists recently have expressed bearish thoughts on USD.... Technically, this looks like a major headfake.... There were bearish comments out of some fed officials today.... It just seems so iffy though. You think this could be a bug drive up before possible QE news Thurs?or would it be safe to take short term long? Any of your thoughts/analysis are appreciated
  • #131,051
  • May 4, 2009 2:54pm May 4, 2009 2:54pm
Upwards pressure increasing. The H1 shooting star rejected.
Higher probability to rise than fall. Ultra-low liquidity.
Hear the music before the song is over ...
  • #131,052
  • May 4, 2009 3:02pm May 4, 2009 3:02pm
what neeed for down gu? today eur news bad but eurusd not down very very up i do not understant
  • #131,053
  • May 4, 2009 3:10pm May 4, 2009 3:10pm
Quoting Bal_975
what neeed for down gu? today eur news bad but eurusd not down very very up i do not understant
Bal, it's very difficult to discern the implication of news without sophisticated tools. It's better to familiarize yourself with the price action of a market you feel comfortable with and only at a later stage to try to and superimpose fundamental news on the price action to make sense of it.
Hear the music before the song is over ...
  • #131,054
  • May 4, 2009 3:13pm May 4, 2009 3:13pm
Damn, BB 1 Month and BB 4 Month on upper BB...

Attached Image (click to enlarge)
Click to Enlarge Name: month.gif Size: 26 KB


if GU cannot break BB upper 1 Month and cannot break BB upper 4 month, it's good area for take short till next month... just my argument!
  • #131,055
  • May 4, 2009 3:16pm May 4, 2009 3:16pm
Quoting biax
Damn, BB 1 Month and BB 4 Month on upper BB...

Attachment

if GU cannot break BB upper 1 Month and cannot break BB upper 4 month, it's good area for take short till next month... just my argument!
On such a large time frame you'd surely have huge drawdowns. What scheme do you use to handle those drawdowns?
Hear the music before the song is over ...
  • #131,056
  • May 4, 2009 3:19pm May 4, 2009 3:19pm
Quoting Bal_975
what neeed for down gu? today eur news bad but eurusd not down very very up i do not understant
Remember that in a good relationship both members play an important role. If Eur news is bad you have to be aware of what happen in the other currency. We trade pairs not just currencies.
  • #131,057
  • May 4, 2009 3:24pm May 4, 2009 3:24pm
Quoting AngelaTrix
Remember that in a good relationship both members play an important role. If Eur news is bad you have to be aware of what happen in the other currency. We trade pairs not just currencies.
Angela, Is THAT really your pic???
Hear the music before the song is over ...
  • #131,058
  • May 4, 2009 3:28pm May 4, 2009 3:28pm
Quoting AngelaTrix
Remember that in a good relationship both members play an important role. If Eur news is bad you have to be aware of what happen in the other currency. We trade pairs not just currencies.
i can't understant sorry it is mean if we have bad news for EUR it is mean bad for other pairs?
  • #131,059
  • May 4, 2009 3:30pm May 4, 2009 3:30pm
Quoting GlobalMacro
On such a large time frame you'd surely have huge drawdowns. What scheme do you use to handle those drawdowns?
I use mini account with mini lots, and i use only 2% from my principal and it's can handle minus 1000, i hate cut lost

yeah I'm crazy but it's safe for me
  • #131,060
  • May 4, 2009 3:31pm May 4, 2009 3:31pm
Quoting GlobalMacro
Angela, Is THAT really your pic???
Yes!! Why? you don't like it?
It's not the newest one but I love it a lot!
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