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Cable Update (GBPUSD)

  • #133,121
  • May 20, 2009 5:13am May 20, 2009 5:13am
Quoting free4440273
Cable is doing nothing today
it is doing something
driving us crazy.
  • #133,122
  • May 20, 2009 5:13am May 20, 2009 5:13am
Top-heavy market indicating weakening momentum.
1.5511 good place to establish shorts.
Attached Image
Hear the music before the song is over ...
  • #133,123
  • May 20, 2009 5:19am May 20, 2009 5:19am
Quoting GlobalMacro
Top-heavy market indicating weakening momentum.
1.5511 good place to establish shorts.
Maybe. I think shorting now might be risky, 5530 was pretty ideal but I missed it .
  • #133,124
  • May 20, 2009 5:21am May 20, 2009 5:21am
Quoting nAVIN2007
this is what im seeing.....
breakout of the wedge. swissy is moving down, larger time frames on cable bullish and macd neutralization in favor

it risky for sure.. but it what i seeing happening here
Agreed but i only trade that setup if resistence close by is broken too (stronger if resistence is right there with price).
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #133,125
  • May 20, 2009 5:23am May 20, 2009 5:23am
Quoting free4440273
Maybe. I think shorting now might be risky, 5530 was pretty ideal but I missed it .
19 pips difference is absolutely NOTHING for a volatility magnitude of a currency such as cable.
Hear the music before the song is over ...
  • #133,126
  • May 20, 2009 5:23am May 20, 2009 5:23am
Quoting free4440273
Maybe. I think shorting now might be risky, 5530 was pretty ideal but I missed it .
... i sold at 1.5496
  • #133,127
  • May 20, 2009 5:23am May 20, 2009 5:23am
Quoting sreeprakash
Waiting for 5491...
Target and bonus hit....
ABCD..
  • #133,128
  • May 20, 2009 5:28am May 20, 2009 5:28am
is it a fake fall down or what....
better be carefull .
- Always pray on your trading - God know the best for everyone
  • #133,129
  • May 20, 2009 5:28am May 20, 2009 5:28am
hi

My Short Work Good

http://www.forexfactory.com/showpost...stcount=133088

wait to test today low if break and go below 1.5430 ... 1.5360
  • #133,130
  • May 20, 2009 5:30am May 20, 2009 5:30am
Quoting GlobalMacro
19 pips difference is absolutely NOTHING for a volatility magnitude of a currency such as cable.
GM, I take it back - you the man!
  • #133,131
  • May 20, 2009 5:30am May 20, 2009 5:30am
buy order hit @ 1.5480... SL 1.5420..... TP 1.5680
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #133,132
  • May 20, 2009 5:32am May 20, 2009 5:32am
Quoting Bull_Bear
Agreed but i only trade that setup if resistence close by is broken too (stronger if resistence is right there with price).
agree, my breakout trading suck!!
  • #133,133
  • May 20, 2009 5:36am May 20, 2009 5:36am
Superb call by GM, wish I'd listened
  • #133,134
  • May 20, 2009 5:45am May 20, 2009 5:45am
Quoting nAVIN2007
agree, my breakout trading suck!!
Nah dude, your quite the competant trader
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #133,135
  • May 20, 2009 5:46am May 20, 2009 5:46am
GU trade above 460, won,t break down, won't going up either

Attached Image (click to enlarge)
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History Level GBPUSD

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  • #133,136
  • May 20, 2009 5:47am May 20, 2009 5:47am
its still in consolidation and still no break out....lets see how it plays out..
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 28 KB
  • #133,137
  • May 20, 2009 5:48am May 20, 2009 5:48am
Quoting free4440273
Superb call by GM, wish I'd listened
Retracements provide opportunity for cautious reentry.
Hear the music before the song is over ...
  • #133,138
  • May 20, 2009 5:49am May 20, 2009 5:49am
if this can close like this pin...we shapping up good at least fighting chance
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 21 KB
  • #133,139
  • May 20, 2009 5:51am May 20, 2009 5:51am
Quoting Bull_Bear
buy order hit @ 1.5480... SL 1.5420..... TP 1.5680
wish you green pips
  • #133,140
  • May 20, 2009 5:52am May 20, 2009 5:52am
Quoting 4xHero
Shorting at 5505...SL 5550
closed at 5480
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