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Cable Update (GBPUSD)

  • #132,141
  • May 14, 2009 12:45am May 14, 2009 12:45am
Hello, i am a newbie.. I want to ask about GU today, what measure we decide its a bullish or bearish from certain point i.e 1.5100 below is bearish. Is it because of the lowest support happen before?

Now is a bullish if the price maintained above 1.500? and bearish if its below 1.500?

Thanks before..
  • #132,142
  • May 14, 2009 12:49am May 14, 2009 12:49am
Quoting mloistianto
Hello, i am a newbie.. I want to ask about GU today, what measure we decide its a bullish or bearish from certain point i.e 1.5100 below is bearish. Is it because of the lowest support happen before?

Now is a bullish if the price maintained above 1.500? and bearish if its below 1.500?

Thanks before..
The key is price action on the higher timeframes ... Read up on price action and swing highs and lows.

Are you trading demo or live? And how much experience do you have?
  • #132,143
  • May 14, 2009 1:07am May 14, 2009 1:07am
im trading demo account. i have little experience in forex.. what do u mean by swing?? im sorry if i am asking too much..thanks

Sorry, and what do u refer by higher timeframes? H1? or H4?
  • #132,144
  • May 14, 2009 1:12am May 14, 2009 1:12am
See that. Headfakes all around!! Long from 5109.
  • #132,145
  • May 14, 2009 1:22am May 14, 2009 1:22am
what is your tp jack? What is the correlation between ppi news to the chart? is it significant? what do u think people will react? I only need to know how people see the connection between fundamental and technical for certain news. in this case ppi news. thanks.
  • #132,146
  • May 14, 2009 1:36am May 14, 2009 1:36am
Quoting mloistianto
what is your tp jack? What is the correlation between ppi news to the chart? is it significant? what do u think people will react? I only need to know how people see the connection between fundamental and technical for certain news. in this case ppi news. thanks.
I have no idea. I don't trade news. I'll keep up on what was released but I don't base trades around it. It's too dangerous.
  • #132,147
  • May 14, 2009 1:38am May 14, 2009 1:38am
Quoting jack.canadia
I have no idea. I don't trade news. I'll keep up on what was released but I don't base trades around it. It's too dangerous.
And my TP is 5175.
  • #132,148
  • May 14, 2009 1:39am May 14, 2009 1:39am
so, you means trading around news is volatile? I see.. thanks for ur input.. very inspiring..
  • #132,149
  • May 14, 2009 1:41am May 14, 2009 1:41am
Quoting mloistianto
so, you means trading around news is volatile? I see.. thanks for ur input.. very inspiring..
Yes, don't do it! You can try, as I have, and you will lose.

Trading the news requires skill and quick thinking. Its not worth the quick 20-30 pips.
  • #132,150
  • May 14, 2009 1:43am May 14, 2009 1:43am
Closed +55. Short entry waiting @ 5205.

Good night.
  • #132,151
  • May 14, 2009 2:03am May 14, 2009 2:03am
Good morning Jack.

Did you go long on USD/CAD? It's looking good now and a move up is very probable.

I've been long since 1.16 and holding on still. Targeting 1.19.
  • #132,152
  • May 14, 2009 2:21am May 14, 2009 2:21am
Anyone here take position in Cable right now?
  • #132,153
  • May 14, 2009 2:29am May 14, 2009 2:29am
its almost 1.5100.. the gu testing the level again??
  • #132,154
  • May 14, 2009 2:29am May 14, 2009 2:29am
Quoting jack.canadia
See that. Headfakes all around!! Long from 5109.

yes, tricky little lewis caroll pair.... trader's dream
  • #132,155
  • May 14, 2009 2:31am May 14, 2009 2:31am
Quoting mloistianto
so, you means trading around news is volatile? I see.. thanks for ur input.. very inspiring..

yah, duh//////////// you know you know that, but this is mere affirmation in moment!
  • #132,156
  • May 14, 2009 2:31am May 14, 2009 2:31am
Quoting biax
Anyone here take position in Cable right now?
Shorted at 1.5135, first target 1.5090.
  • #132,157
  • May 14, 2009 2:32am May 14, 2009 2:32am
Quoting 4cfx
Good morning Jack.

Did you go long on USD/CAD? It's looking good now and a move up is very probable.

I've been long since 1.16 and holding on still. Targeting 1.19.
youre an idol jack, and to think , you only wanted and asked for a lab, to do western blots and build your credentials
  • #132,158
  • May 14, 2009 2:33am May 14, 2009 2:33am
I went long at 5115 and set TP at 5200
  • #132,159
  • May 14, 2009 2:37am May 14, 2009 2:37am
Quoting 4cfx
Shorted at 1.5135, first target 1.5090.
Nice... my 2rd position kicked by market from your position hehehehe with 0 pips

Attached Image (click to enlarge)
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  • #132,160
  • May 14, 2009 2:40am May 14, 2009 2:40am
here is my level chart

Attached Image (click to enlarge)
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