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Cable Update (GBPUSD)

  • #225,421
  • May 10, 2010 2:43pm May 10, 2010 2:43pm
carefull with yer trades, getting close to the end game.

David Cameron has phoned Nick Clegg in the past 25 minutes to set out the Tories' final offer of a referendum on AV, the BBC learns. It's understood there is no deadline to the offer. Lib Dem MPs will meet at 2200 BST for more discussions
  • #225,422
  • May 10, 2010 2:47pm May 10, 2010 2:47pm
Quoting bbakker
Checking the h1, I see a bearish flag forming, so I will go for the red ones on offer
hey bro how is u day i would like to see 14700 been trading mostly fiber and some cable
still we have gaps to fill on all pairs

i think we are going to see some new lows
  • #225,423
  • May 10, 2010 2:47pm May 10, 2010 2:47pm
Quoting winsome
carefull with yer trades, getting close to the end game.

David Cameron has phoned Nick Clegg in the past 25 minutes to set out the Tories' final offer of a referendum on AV, the BBC learns. It's understood there is no deadline to the offer. Lib Dem MPs will meet at 2200 BST for more discussions
AV or AV+ are no good to the LibDems. They want PR and they will try everything to get it. This will be dragged out for a while yet and I see no end game as yet, especially now that GB has resigned, it has opened the door for discussions with Lab!
  • #225,424
  • May 10, 2010 2:50pm May 10, 2010 2:50pm
yea i'm trying to figure out what all this news means for the cable and fibre. Alot of information, but I have almost no clue what it really means to me (the fx trader). I pulled up the fibre 5min tf awhile ago and looked pretty good to steal a few pips.
  • #225,425
  • May 10, 2010 2:53pm May 10, 2010 2:53pm
thank you forexlion for posting that earlier
  • #225,426
  • May 10, 2010 2:56pm May 10, 2010 2:56pm
Quoting kill56
hey bro how is u day i would like to see 14700 been trading mostly fiber and some cable
still we have gaps to fill on all pairs

i think we are going to see some new lows
I think so too bro, now that it dropped 100+ pips after the news of the GB resignation creating even more uncertainty. Also it completed the retrace of 50% fib (high of mid April to last week's low) and it touched the ltl S/R line as pointed out by Nene, with a bear flag on h1. I have put a long-term small short @1.4878. Target 1.44!
  • #225,427
  • May 10, 2010 3:19pm May 10, 2010 3:19pm
Quoting bbakker
I think so too bro, now that it dropped 100+ pips after the news of the GB resignation creating even more uncertainty. Also it completed the retrace of 50% fib (high of mid April to last week's low) and it touched the ltl S/R line as pointed out by Nene, with a bear flag on h1. I have put a long-term small short @1.4878. Target 1.44!
h1 also shows a H&S pattern forming and the 24ma has not crossed 200ma on h1, so I have changed my stance from neutral since Sunday to bearish on GU now. We still have to wait for the 200ma on lower tfs to catch up before we make any significant moves down.

Just my 2 pennies and good luck people!
  • #225,428
  • May 10, 2010 3:32pm May 10, 2010 3:32pm
Quoting bbakker
h1 also shows a H&S pattern forming and the 24ma has not crossed 200ma on h1, so I have changed my stance from neutral since Sunday to bearish on GU now. We still have to wait for the 200ma on lower tfs to catch up before we make any significant moves down.

Just my 2 pennies and good luck people!
yes its there might take us more deep
  • #225,429
  • May 10, 2010 3:35pm May 10, 2010 3:35pm
..
  • #225,430
  • May 10, 2010 3:37pm May 10, 2010 3:37pm
Quoting allserene
..

  • #225,431
  • May 10, 2010 3:37pm May 10, 2010 3:37pm
Quoting bbakker
h1 also shows a H&S pattern forming and the 24ma has not crossed 200ma on h1, so I have changed my stance from neutral since Sunday to bearish on GU now. We still have to wait for the 200ma on lower tfs to catch up before we make any significant moves down.

Just my 2 pennies and good luck people!
Here is a picture to go with my words...

Attached Image (click to enlarge)
Click to Enlarge Name: 100510_gbpusd_h1_hs.png Size: 62 KB


1.4780 is a nice support line that needs to be broken to head to 1.44!
  • #225,432
  • May 10, 2010 3:43pm May 10, 2010 3:43pm
1BB
Attached Image (click to enlarge)
Click to Enlarge Name: h1 cable.gif Size: 22 KB
  • #225,433
  • May 10, 2010 3:44pm May 10, 2010 3:44pm
well look like where heading back upto 1.5230 by tommorow, wont be a straight shot up but will give many chances to get in at a good price. good luck to all
  • #225,434
  • May 10, 2010 3:51pm May 10, 2010 3:51pm
Quoting fxoxford
well look like where heading back upto 1.5230 by tommorow, wont be a straight shot up but will give many chances to get in at a good price. good luck to all
Any charts to back up that statement? Looks like a shot in the dark where I am sitting.... mmmmmmm!
  • #225,435
  • May 10, 2010 3:54pm May 10, 2010 3:54pm
Quoting bbakker
Any charts to back up that statement? Looks like a shot in the dark where I am sitting.... mmmmmmm!
anything possible all i can say is good luck to all my fellow traders and good luck to you.
  • #225,436
  • May 10, 2010 3:57pm May 10, 2010 3:57pm
Quoting fxoxford
anything possible all i can say is good luck to all my fellow traders and good luck to you.
It seems you have been trading for a while and have your own system after reading your posts, although you have not posted a single chart as yet. Any reason for that?
  • #225,437
  • May 10, 2010 4:01pm May 10, 2010 4:01pm
Quoting bbakker
It seems you have been trading for a while and have your own system after reading your posts, although you have not posted a single chart as yet. Any reason for that?
yes there is a reason, i have a black box trading system that i build from scratch it is already pre-set with all my info that i put into it so there no charts, system just scan the market and gives me signals, there are times where i have to change direction when the system gives a new signal. im not saying im wright or wrong i just follow the system, so far i made a good living off it.
  • #225,438
  • May 10, 2010 4:04pm May 10, 2010 4:04pm
Quoting fxoxford
yes there is a reason, i have a black box trading system that i build from scratch it is already pre-set with all my info that i put into it so there no charts, system just scan the market and gives me signals, there are times where i have to change direction when the system gives a new signal. im not saying im wright or wrong i just follow the system, so far i made a good living off it.
wow thats nice would like to know what kind of signal u get from it some info plz
  • #225,439
  • May 10, 2010 4:04pm May 10, 2010 4:04pm
Quoting fxoxford
yes there is a reason, i have a black box trading system that i build from scratch it is already pre-set with all my info that i put into it so there no charts, system just scan the market and gives me signals, there are times where i have to change direction when the system gives a new signal. im not saying im wright or wrong i just follow the system, so far i made a good living off it.
I see! Are you a software developer? What are the parameters that you input into the blackbox system? Is there any information you would like to devulge on this system? Thanks!
  • #225,440
  • May 10, 2010 4:17pm May 10, 2010 4:17pm
Quoting bbakker
I see! Are you a software developer? What are the parameters that you input into the blackbox system? Is there any information you would like to devulge on this system? Thanks!
yes i did develop this software about 6yrs ago, i will have to go back to find out what all i put into it, after i finish i just start trading it once i found out it was a good system, i have no memory of all the info i put in to it, your asking me to go back over 6yrs, im very sorry but i just don't have the time to figure that out, i build it and once i found out it works i never look back
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