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Cable Update (GBPUSD)

  • #200,361
  • Feb 18, 2010 2:23am Feb 18, 2010 2:23am
Quoting javapips
who is give you that pic Tsar?? that is all posibility for movement..., so many choices, right? and maybe that's way only 5% trader that right..., well 5 % is to much i think...1% is for real...and he is "the bank" non from retail
Maybe... I'm a Good Searcher / Informant
You're RIGHT !
Play SAFE : SCALPING / SHORT only.


Quoting XTrade
Charts show the reaction / anticipation of fundamentals and News also when the "big boys/ banks" react.
News, Fundamentals, are reacted to with levels drawn on charts.
Or vice versa.

Either way it is the same and all inter-related. one does not move w/o the other.

Adding to position. Long 5650
Complicated situation now !
Market can be Changes & can NOT be Predicted where to go.

Maybe... This is Solutions :
1. Need to know First, Point C.
2. And the Next Challenge, where Market will move away ??
Always looking the GREAT, never left GOOD Point...
  • #200,362
  • Feb 18, 2010 2:24am Feb 18, 2010 2:24am
Quoting wormboy
Thanks Magix. Nice trading btw bro, good stuff
Yup, currently my new long position is underwater by roughly +-15 pips. 5603 is my line in the sand tho, if price can manage to close below, I will reverse my position and begin selling. Let's see what today brings.
Good luck
Welp, we're here @5603. Break or bounce? Would prefer bounce since already long.
If this thing breaks, it best not drop a hundred pips here without me, at least let me change costume
Thank You
  • #200,363
  • Feb 18, 2010 2:25am Feb 18, 2010 2:25am
Quoting Magix
$74 more, 6 singles, closing the evening with $649.

I think that'll do.

Have a great evening guys.

See if you can leave a few for me to grab tomorrow.

lol, good job , still holding mine from yesterday just starting to take some profits hope everyone is profitable today
  • #200,364
  • Feb 18, 2010 2:27am Feb 18, 2010 2:27am
Hi, I'm newB in FF,

I think GU will test (1st try) to break 4H BolBand (1.5995) and 'usually' it will fail. This is what i'm expected. Thanks
  • #200,365
  • Feb 18, 2010 2:30am Feb 18, 2010 2:30am
Quoting wormboy
Welp, we're here @5603e . Break or bounce? Would prefer bounce since already long.
If this thing breaks, it best not drop a hundred pips here without me, at least let me change costume
yes could drop like a stone from here, but i think its more likely to bounce here with london open and the bulls in for the day
  • #200,366
  • Feb 18, 2010 2:30am Feb 18, 2010 2:30am
Quoting meromar
Paradox: the price must fall down allright but if the left wing higher then the right but if the left wing is higher then the right it is called bullis butterfly with upgoing arrow from very low/correct me if im wrong: saw it in the patterns but not played it/
A bearish bat.

Attached Image


JD
It's Easy To Get In;.. It's Hard To Get Out
  • #200,367
  • Feb 18, 2010 2:32am Feb 18, 2010 2:32am
Alternative adding BUY at 1.5590 if reached, else my Buy above Triggers. I trade strongly on technical, plus or minus, it can go down but not much, we have a journey up there at 1.60**. Let me know in due course when we get there..... Placing BUY on 4hr trend line which is also ms2 on my PIVOT. check it out in 1.30hr time..
Attached Image (click to enlarge)
Click to Enlarge Name: 4hrs as i see it.gif Size: 66 KB
  • #200,368
  • Feb 18, 2010 2:33am Feb 18, 2010 2:33am
News at 9.30 From UK is M4 Money Supply MOM & YOY

MOM Cons.: 0.5%Previous: -1.1%

YOY Cons.: 4.6%Previous: 6.4%


M4 Money is widely referred as "broad money" or simply "money supply". The M4 Money Supply released by the Bank of England measures all the sterling in circulation, encompassing notes and coins as well as money held in bank accounts. It is considered as an important indicator of inflation, as monetary expansion adds pressure to the exchange rates. An acceleration of the M4 money is considered as positive for the GBP, whereas a decline is negative.



  • #200,369
  • Feb 18, 2010 2:34am Feb 18, 2010 2:34am
MOM Cons.: 0.5%Previous: -1.1%

This could well be positive for GBP
  • #200,370
  • Feb 18, 2010 2:34am Feb 18, 2010 2:34am
Hello guys

i am newie, so need some advice.I am already long @ 5634 (it was a little below the "night" session and now not sure if to close and go short, if to wait for some confirm. My stop is little below 5595 and now threatening to get me.

Any suggestion?
I don't want a job, i want money!
  • #200,371
  • Feb 18, 2010 2:35am Feb 18, 2010 2:35am
Quoting fendi
Alternative adding BUY at 1.5590 if reached, else my Buy above Triggers. I trade strongly on technical, plus or minus, it can go down but not much, we have a journey up there at 1.60**. Let me know in due course when we get there..... Placing BUY on 4hr trend line which is also ms2 on my PIVOT. check it out in 1.30hr time..
Nice SS fendi!

i also voted for long in a few hours time..let the bear do their work for a while..

pop
forexisbiz
  • #200,372
  • Feb 18, 2010 2:36am Feb 18, 2010 2:36am
Quoting digger1
I m sure you will find a way to get in lol
Quoting Temps
yes could drop like a stone from here, but i think its more likely to bounce here with london open and the bulls in for the day

Yup, testing the nerves here with price lingering at my critical level doing nothing. Would rather it be quick, either way up or down don't matter as long as I can quickly make a decision. All this waiting is driving me nuts tho
Thank You
  • #200,373
  • Feb 18, 2010 2:37am Feb 18, 2010 2:37am
i'm just a little fish swiming in a big POUND..
  • #200,374
  • Feb 18, 2010 2:41am Feb 18, 2010 2:41am
Don't be scared, u are closing this particular ENTRY is positive GREEN'S.....
Place s.l 1.5580, and let the show begin


Quoting dario1002
Hello guys

i am newie, so need some advice.I am already long @ 5634 (it was a little below the "night" session and now not sure if to close and go short, if to wait for some confirm. My stop is little below 5595 and now threatening to get me.

Any suggestion?
  • #200,375
  • Feb 18, 2010 2:41am Feb 18, 2010 2:41am
Where are we now in D?QUOTE=John D;3475479]A bearish bat.

Attachment

JD[/quote]
  • #200,376
  • Feb 18, 2010 2:42am Feb 18, 2010 2:42am
Quoting wormboy
Yup, testing the nerves here with price lingering at my critical level doing nothing. Would rather it be quick, either way up or down don't matter as long as I can quickly make a decision. All this waiting is driving me nuts tho

salam big heart hope u doing with new well
  • #200,377
  • Feb 18, 2010 2:46am Feb 18, 2010 2:46am
Quoting fendi
Don't be scared, u are closing this particular ENTRY is positive GREEN'S.....
Place s.l 1.5580, and let the show begin

I placed my TP @ 5670 (when i placed the order, it was a little below the 200MA with 5m TF. and i plan to move SL to BE when i get to 50MA (50m TF) and get some of the profit.

i still don't have a sure strategy, and i am still not able to do long term analysis, so it would be helpful to get some insight about my SL and TP plan.

thanks
I don't want a job, i want money!
  • #200,378
  • Feb 18, 2010 2:51am Feb 18, 2010 2:51am
For anyone who care to know or see our result, so they know our profit taking advantages when we make call's....... check within last 4days profit made...

I love this wave that is about to form.......shhhhwwwww
  • #200,379
  • Feb 18, 2010 2:52am Feb 18, 2010 2:52am
You are in order, watch this wave and determine your profit afterwards


Quoting dario1002
I placed my TP @ 5670 (when i placed the order, it was a little below the 200MA with 5m TF. and i plan to move SL to BE when i get to 50MA (50m TF) and get some of the profit.

i still don't have a sure strategy, and i am still not able to do long term analysis, so it would be helpful to get some insight about my SL and TP plan.

thanks
  • #200,380
  • Feb 18, 2010 2:53am Feb 18, 2010 2:53am
Quoting kill56
salam big heart hope u doing with new well
wsalam bro doing good
Hope all is well with you too!

welp, that 5603 level did it's job so far. Not changing to my wet suit yet lol
Be back later for the unemployment data. Good luck everyone.
Thank You
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