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Cable Update (GBPUSD)

  • #223,601
  • May 4, 2010 9:09am May 4, 2010 9:09am
Hi room, newbie here. Great posts & tips, thanx.

Little curious where kill56 gets the buyers/sellers info on his chart
  • #223,602
  • May 4, 2010 9:12am May 4, 2010 9:12am
Quoting cloggie
A hung parliament will mean indecision: cable down,
a coalition with Tory and the Lib dems means consessions: cable down,
a coalition with Tory and the Unionist: good for business, the deficit will be addressed: cable up
an outright Tory majority: get ready for 500 pips up.

Just keep an eye on Gilt futures during NY close and the start at 0100, that will set the trend.
Thank you Cloggie
  • #223,603
  • May 4, 2010 9:12am May 4, 2010 9:12am
Cable touching down on last weeks low, am taking my profit of the table. Awaiting clear direction, stocking up on beer and adding some air to the Lilo, may get a bigger one... Cable down 136.5 pips, just about a perfect daily range.

Fibre is starting a retrace again, #4 for today.
  • #223,604
  • May 4, 2010 9:18am May 4, 2010 9:18am
Ouch, no slowing down this puppy. Fibre still in retrace, FTSE retracing, she is on her own.
  • #223,605
  • May 4, 2010 9:19am May 4, 2010 9:19am
Quoting forexlion
cable is out to pull down your pants if you long
so who went long there
  • #223,606
  • May 4, 2010 9:19am May 4, 2010 9:19am
yessssssssssssssssssssssssss i love the b;;;;;;;;;;;;;;;;;;;;;;;;;;;h

the break then the shack
  • #223,607
  • May 4, 2010 9:20am May 4, 2010 9:20am
Quoting Zulu
Gartley and wolfe pattern in play.

Next target = 1.5186, 1.5155, last stop @ 1.5108
Pattern will be void if upper trend line is broken.

Let's see and good trade all!

Third target hit!!
"Fly Kite Fly!"
  • #223,608
  • May 4, 2010 9:20am May 4, 2010 9:20am
try another luck

buy @102 sl @082
Verily, in every difficulties there is relief
  • #223,609
  • May 4, 2010 9:20am May 4, 2010 9:20am
Anyone see the little 20 odd pip spike on EURCHF.
Thinking its just a little stop hunting prior to a big upward push from EUR and GBP......

Thoughts?
  • #223,610
  • May 4, 2010 9:21am May 4, 2010 9:21am
Quoting primzvicious
try another luck

buy @102 sl @082

Isn't this the 3rd or 4th time you are taking longs today? Donkey and stone come to mind.
  • #223,611
  • Edited 9:41am May 4, 2010 9:21am | Edited 9:41am
Today, CABLE really Crazy... BEARISH !!

My Estimated in Post#223186 May 1, 2010 5:48am

Good Luck for ALL
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-05-04_Weekly Chart.jpg Size: 302 KB
Always looking the GREAT, never left GOOD Point...
  • #223,612
  • May 4, 2010 9:24am May 4, 2010 9:24am
Quoting cloggie
Isn't this the 3rd or 4th time you are taking longs today? Donkey and stone come to mind.
the 4rd

1st got +25 pips
2nd g0t +0 pips
3rd got -13 pips
Verily, in every difficulties there is relief
  • #223,613
  • May 4, 2010 9:26am May 4, 2010 9:26am
Quoting primzvicious
the 4rd

1st got +25 pips
2nd g0t +0 pips
3rd got -13 pips

At least you are consistent, would it not have been easier just to ride the 80+ pips down once? Instead of countertrading little retraces?
  • #223,614
  • May 4, 2010 9:26am May 4, 2010 9:26am
Quoting Tsar
Today, CABLE really Crazy... BEARISH !!

My Estimated in Post#223186 May 1, 2010 5:48am

hey bro how are u u are doing great
  • #223,615
  • May 4, 2010 9:27am May 4, 2010 9:27am
Quoting primzvicious
the 4rd

1st got +25 pips
2nd g0t +0 pips
3rd got -13 pips
and addition everytime i took position it did bounce at least 10pips
Verily, in every difficulties there is relief
  • #223,616
  • May 4, 2010 9:30am May 4, 2010 9:30am
Quoting primzvicious
and addition everytime i took position it did bounce at least 10pips
Not looking good on this one though
  • #223,617
  • May 4, 2010 9:33am May 4, 2010 9:33am
Quoting cloggie
At least you are consistent, would it not have been easier just to ride the 80+ pips down once? Instead of countertrading little retraces?
with retracing i can get at least 30pips everyday.. not mentioning if trend changing
Verily, in every difficulties there is relief
  • #223,618
  • May 4, 2010 9:35am May 4, 2010 9:35am
Quoting primzvicious
with retracing i can get at least 30pips everyday.. not mentioning if trend changing

But the proof is in the pudding, you took 3 trades and you are up 12 pips, most of us went short this morning and are up 100+, I never did see sense in trading the intraday countertrend wishing for a reversal, but that's my 2 cents. This one is looking like another loser so out of 4 trades you don't have a lot to show.

To each their own I guess. Not my trading style.
  • #223,619
  • May 4, 2010 9:36am May 4, 2010 9:36am
I'm with a huge short, how far do you think it will keep falling?
  • #223,620
  • May 4, 2010 9:37am May 4, 2010 9:37am
Long taken 105 expecting 150 or 200

reason for long

http://img101.imageshack.us/img101/3016/doit.gif
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