Cable Update (GBPUSD) | Page 10895 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #217,881
  • Apr 15, 2010 5:55am Apr 15, 2010 5:55am
Quoting pawpaw1000
agree, but having a 150pip down move is more than a retrace to me... I can only say what PA shows me. If pa closes above 5480 and 5500, I'm inclined to say we will see 5550 and 5580 today. Now, price surprised most of us with a sstupendous down move, Now I've got to call shorts and look at possible low targets.

The thing is, we were close to a turnaround at 5500, I was thinking we would reach the critical levels of 5550 - 5580, it didnt turn out that way and now I'm calling what PA shows me.

This all depends of course on the ltl of daily...
its about time we saw some 300pip days and they usualy happen to the downside :d with this pair but will see. As i said,psychology will rule for now and any ratrace towards 20-30 area is pbobably going to get sold into until 1.54 or soemthing and then yankees will decide where to take this.
  • #217,882
  • Apr 15, 2010 5:55am Apr 15, 2010 5:55am
Quoting digger1
Tgts all hit , side lines atm , if the weekly open gets taken out may be some more short side coming , if not a bounce lol, just letting the dust settle to see wht shakes out my good friend
weekly open already taken out?

http://www.quitcryin.com/images/week...-100415.01.gif

"The real genius is knowing when to stop." - Marc Faber
  • #217,883
  • Apr 15, 2010 5:56am Apr 15, 2010 5:56am
Quoting wormboy
I added @5407 to my long positions, same stop as before @5285
5390
  • #217,884
  • Apr 15, 2010 5:56am Apr 15, 2010 5:56am
Quoting pawpaw1000
now when wormy says somehing like this, I GOTTA LISTEN!

wormy, dont do this... Comeon brother, You gonna scare me out of any further shorts today!!!

hehe, gl brother!

man wormy is high now let him enjoy the smoke
  • #217,885
  • Apr 15, 2010 5:57am Apr 15, 2010 5:57am
Quoting hhitch
weekly open already taken out?

http://www.quitcryin.com/images/week...-100415.01.gif

not on my charts , data starts before 5pmest Sunday, its actually where price bounced from
  • #217,886
  • Apr 15, 2010 5:57am Apr 15, 2010 5:57am
Quoting lexazver
I duno whether you being funny or not but this is the thing with many people on these forums. Yesterday everyone was screaming buy any pull back buy buy buy we gonna fly to the moon and today its 180 degrees change. I'm not saying that we wont see 1.5 or anything lower than current level but what I observe here is that alot of people get bias after a move and not before.... there are of course some awesome guys here who can see the future......so to speak... Not trying to preach or anything just something that i've noticed.

It's a good point but really as you well know no one knows what will happen....all we have is our analysis that gives us our trading edge. When we execute a market entry when our trading edge sets-up we have no idea still if on that particular occassion it will prove to produce a successful outcome...or not...we just play the probabilities associated with the trading edge. I always smile when read these predictions and indeed any prediction knowing that anyone who makes one is actually as clue-less as I am, just less able to admit it, still thinking you need to know where price will go next to make $. You don't, it doesn't matter, all we have is our analysis and our edge that tells us only one thing-that price historically has gone in a certain way when it sets-up. Lol.

G/L
ex member
  • #217,887
  • Apr 15, 2010 5:58am Apr 15, 2010 5:58am
room take a break
Attached Image
  • #217,888
  • Apr 15, 2010 5:59am Apr 15, 2010 5:59am
man.. it punch thru my pending like no tomorrow.. anyway, I'll be monitor 5380.. if that break, i will be force to close my position (coz my price will be average out everytime I add new pos). Anyway, good trade bears..
  • #217,889
  • Apr 15, 2010 6:00am Apr 15, 2010 6:00am
Quoting digger1
not on my charts , data starts before 5pmest Sunday, its actually where price bounced from

oh I see, thanks
"The real genius is knowing when to stop." - Marc Faber
  • #217,890
  • Apr 15, 2010 6:00am Apr 15, 2010 6:00am
Quoting A-speculator
man.. it punch thru my pending like no tomorrow.. anyway, I'll be monitor 5380.. if that break, i will be force to close my position (coz my price will be average out everytime I add new pos). Anyway, good trade bears..
i told u bro saber
  • #217,891
  • Apr 15, 2010 6:01am Apr 15, 2010 6:01am
Quoting Crazy-Man
warmboy -what with your TP..?!
tp is open.

Previous long was partially booked earlier during asia's break.

Trade:
1. http://www.forexfactory.com/showpost...postcount=6162
Thank You
  • #217,892
  • Apr 15, 2010 6:01am Apr 15, 2010 6:01am
Quoting kill56
i told u bro saber
terlebey suda...
  • #217,893
  • Apr 15, 2010 6:02am Apr 15, 2010 6:02am
Quoting hhitch
oh I see, thanks
no worries man, tht area was also last weeks high , so a few things there offering some support atm
  • #217,894
  • Apr 15, 2010 6:02am Apr 15, 2010 6:02am
Azim
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd11.gif Size: 13 KB
  • #217,895
  • Apr 15, 2010 6:03am Apr 15, 2010 6:03am
bear flag and still waiting for the 5th wave of my elliot analysis... target around 5330
Attached Image (click to enlarge)
Click to Enlarge Name: bear flag.png Size: 65 KB
@pawpaw1000 on Twitter
  • #217,896
  • Edited 6:17am Apr 15, 2010 6:04am | Edited 6:17am
Quoting bbmac
It's a good point but really as you well know no one knows what will happen....all we have is our analysis that gives us our trading edge. When we execute a market entry when our trading edge sets-up we have no idea still if on that particular occassion it will prove to produce a successful outcome...or not...we just play the probabilities associated with the trading edge. I always smile when read these predictions and indeed any prediction knowing that anyone who makes one is actually as clue-less as I am, just less able to admit it, still thinking...
I guess what I was trying to say is best described by example: NENE this morning pointed out that there was bearish divergence and he went short had risk limit and target. Which is perfect ! But then you have some guys seeing this move 150pips and then saying- ''well you know im gonna go short.''

And Of course we dont know where the market is going to be even in the next 10 minutes but I stick to the principle Buy low sell High and vice versa and it keeps me out of trouble for most of the time )

btw:bbmac I enjoy your analysis also alot of time you are spot on !!
  • #217,897
  • Apr 15, 2010 6:05am Apr 15, 2010 6:05am
Quoting pawpaw1000
bear flag and still waiting for the 5th wave of my elliot analysis... target around 5330
Nil Desperandum Illegitimi Carborundum
  • #217,898
  • Apr 15, 2010 6:06am Apr 15, 2010 6:06am
Quoting pawpaw1000
now when wormy says somehing like this, I GOTTA LISTEN!

wormy, dont do this... Comeon brother, You gonna scare me out of any further shorts today!!!

hehe, gl brother!
you can listen ... don't mean you gotta believe me, I can be dead wrong this time so ....
anyway, nothing new, been doing this all week for the long term positioning. You know how I roll, 5380 gotta give on the D1 before I start looking the other way. And 5300 is where I will consider selling. same old same old.
Good luck with your trades too!
Thank You
  • #217,899
  • Apr 15, 2010 6:06am Apr 15, 2010 6:06am
Quoting wormboy
lol
hey q, leave some $ for me bro
Don't worry mate, you'll get your milk money....

I SEE your 1.5800 .... wanna raise ??
Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 107 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #217,900
  • Apr 15, 2010 6:08am Apr 15, 2010 6:08am
30mins chart - nice bullish handle?
1,021 traders viewing now, 6 are registered:
Meer-Shayhak
,
,
Jomotron
,
LiamMac
,
alenalex
,