Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#198,521
Feb 8, 2010 3:51am Feb 8, 2010 3:51am

Ctic
Joined Oct 2009 | Status: The Voodoo Boodoo Club | 1,419 Posts

Quoting tundeakins

Disliked

Well I am just coming now. Is it safe to start longing again or I should simply wait for the level you are waiting for?

But I will also be happy for the important levels this thing is going to experience a pullback. As I am only waiting for the price to hit 1.5701 now. What is the level you are waiting for the price to come down?

Ignored

I actually closed all longs now. the break up was not clean enough for me. Closed one trade at +25 pips the other at +2. Bulls still don't have enough power for my tastes. Maybe during US session.

#198,522
Feb 8, 2010 3:53am Feb 8, 2010 3:53am

Ctic
Joined Oct 2009 | Status: The Voodoo Boodoo Club | 1,419 Posts

Quoting wormboy

Disliked

Closed out my longs. Screwy stuff atm.

Trade detail:
1. http://www.forexfactory.com/showpost...postcount=4681

Reason for exiting long:
1. http://www.forexfactory.com/showpost...postcount=4683

Not planning to short here either, would rather wait till NY session starts or tomorrow, a bit lost trying to read the current pa tbh.
Hope everyone has a fruitful day. Good luck

Ignored

You and I think alike Wormie. good deal. Better to stay positive than to go negative

#198,523
Feb 8, 2010 4:06am Feb 8, 2010 4:06am

EliteFX
| Joined Nov 2009 | Status: Trader | 139 Posts

UK in more danger of losing sovereign money...

* Bloomberg says

Don't tell me how much you can earn. Tell me how much you may lose..

#198,524
Feb 8, 2010 4:09am Feb 8, 2010 4:09am

Honored
| Joined Dec 2009 | Status: Trader | 597 Posts

How far cable gonna fall down ? anyone thinks it will bounce off the 1.5533 level again ?

#198,525
Feb 8, 2010 4:17am Feb 8, 2010 4:17am

EliteFX
| Joined Nov 2009 | Status: Trader | 139 Posts

Quoting Honored

Disliked

How far cable gonna fall down ? anyone thinks it will bounce off the 1.5533 level again ?

Ignored

I think so but bearish sentiment is just so strong for the time being. Lets see..

Don't tell me how much you can earn. Tell me how much you may lose..

#198,526
Feb 8, 2010 4:28am Feb 8, 2010 4:28am

vilas
| Joined Aug 2007 | Status: Trader | 632 Posts

Quoting Ctic

Disliked

I loved London when I was there, except for the fact that it rained everyday that I was there. I don't think I saw the sun once. I told my wife I want to move there, mainly so that I can get a normal schedule. I'd be lucky if I can get my wife to move to the next town over. Trading from midnight to noon sucks. I usually only make it til about 10am EST. Plus with tax season here, my life really sucks.

Ignored

I feel so sorry for a good guy like you ! Come here, Man, Bangkok. Great in all weathers. And Pubs too. Especially some Irish & English Pubs. Your wife can do all the shopping in some of the most modern Malls and you wake up in royal style at 10 in the morning. Like it ? Come over and bring BB along ! Hi BB, Good idea or not.

The GBP move flummoxed me too - I had made a post earlier it might dive to 5450 !

#198,527
Feb 8, 2010 4:35am Feb 8, 2010 4:35am

Clouds
Joined Apr 2008 | Status: Trader | 7,674 Posts

All the bear wants is to be apart of your family
)

Attached Image

#198,528
Feb 8, 2010 5:01am Feb 8, 2010 5:01am

aswilled
| Commercial User | Joined Nov 2006 | 604 Posts

Quoting Honored

Disliked

How far cable gonna fall down ? anyone thinks it will bounce off the 1.5533 level again ?

Ignored

old levels may be key levels...

A. Finesse Williams Making Millions One Pip At A Time!

#198,529
Feb 8, 2010 5:03am Feb 8, 2010 5:03am

fourxtrader
Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts

After the healthy move down from 1.6200 and
without significant data due out for another 48 hrs,
I would suspect this pair to narrowly range until then.

This will allow the MA's to gather again (of course
following the PA) on several lower TF's... building the
necessary energy for another larger move which could
be in either direction. In the meantime, trade the smaller
TF's watching for compression and pips to follow.

Dr. D.

Attached Images

#198,530
Feb 8, 2010 5:11am Feb 8, 2010 5:11am

fendi
| Joined Mar 2008 | Status: Trader | 658 Posts

G/U narrow down from my view, a BREAK above 1.5624 clear my flight for 1.57-.1.58 less, though i am long, i am looking at 4hrs chart with TRENDLINE'S don't see any break on the down side other than build up for long.

#198,531
Feb 8, 2010 5:22am Feb 8, 2010 5:22am

princeiyke
| Joined Feb 2010 | Status: Trader | 1 Post

I am truly of the view that cable will see further down trend having formed a resistance in the weekly chart.Daily chart also confirms this view.Happy pipping in the direction of the trend.

#198,532
Feb 8, 2010 5:49am Feb 8, 2010 5:49am

javapips
| Joined Aug 2009 | Status: Save our Children's Save our Future | 1,124 Posts

this thread quiet = market quiet

so make some noise Guys., anyone want to fight again ?!! just do it !!!.,

I will be the number one Manager.

#198,533
Feb 8, 2010 5:57am Feb 8, 2010 5:57am

Jamalot
| Joined Jan 2010 | Status: Trader | 5 Posts

Quoting javapips

Disliked

anyone want to fight again ?!! just do it !!!.,

Ignored

fight, you mean on the way down? :-)

#198,534
Feb 8, 2010 6:08am Feb 8, 2010 6:08am

Cowboy11
| Joined Oct 2009 | Status: Choose a good PROJECTOR model | 717 Posts

Quoting javapips

Disliked

this thread quiet = market quiet

so make some noise Guys., anyone want to fight again ?!! just do it !!!.,

Ignored

Agree with you, the market is very quiet now, not worth trading, let's wait and see.

Face both Win and Lose bravely

#198,535
Feb 8, 2010 7:01am Feb 8, 2010 7:01am

fendi
| Joined Mar 2008 | Status: Trader | 658 Posts

Quoting fendi

Disliked

g/u narrow down from my view, a break above 1.5624 clear my flight for 1.57-.1.58 less, though i am long, i am looking at 4hrs chart with trendline's don't see any break on the down side other than build up for long.

Ignored

now is the time to rest and allow the profits come in.........