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Cable Update (GBPUSD)

  • #267,261
  • Dec 23, 2010 8:46am Dec 23, 2010 8:46am
Quoting Ifty
North Korea is also threatening holy war against the south. Maybe that's another reason for the dollar strength I'm not sure tbh but it's definately shitty movement today.
One thing that I have learned about trading is that I am not smart enough to understand the fundamentals behind movement. To me, it all seems like 100% bullshit. Spikes down on good news, spikes up on bad...

I really don't pay much mind to current affairs much past a weather forecast and even that I take with a grain of salt...

Meh....

Long story short...who really knows?? Just gotta be lucky enough to take the trades that count.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #267,262
  • Dec 23, 2010 9:02am Dec 23, 2010 9:02am
http://wonkette.com/wp-content/uploa...-you-santa.jpg

Merry Xmas All ... see you next year (or even the weird in-between bit xmas-new year)
  • #267,263
  • Dec 23, 2010 9:04am Dec 23, 2010 9:04am
Quoting chazzle
http://wonkette.com/wp-content/uploa...-you-santa.jpg

Merry Xmas All ... see you next year (or even the weird in-between bit xmas-new year)
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #267,264
  • Dec 23, 2010 9:06am Dec 23, 2010 9:06am
Quoting chazzle
http://wonkette.com/wp-content/uploa...-you-santa.jpg

Merry Xmas All ... see you next year (or even the weird in-between bit xmas-new year)
  • #267,265
  • Dec 23, 2010 10:55am Dec 23, 2010 10:55am
GU today moved not too far away,,
it is also influenced by U.S. home sales data is bad,,

GU movement today probably still a movement correction to continue to fall,,
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only an analysis, and I'm always wrong, don't follow me,
  • #267,266
  • Dec 23, 2010 1:47pm Dec 23, 2010 1:47pm
Quoting errich fx
Attachment

369 first support level
369 still a support level

Attached Image
  • #267,267
  • Dec 23, 2010 3:37pm Dec 23, 2010 3:37pm
horey !!! everyone enjoy your holyday...hope no seller still here..
I will be the number one Manager.
  • #267,268
  • Dec 23, 2010 6:03pm Dec 23, 2010 6:03pm
I placed 2 short levels on cable .5450 and .5485 ...is any one short??? If yes, what is your take profit level???
  • #267,269
  • Dec 23, 2010 6:11pm Dec 23, 2010 6:11pm
Hi All,
I'm new in trading...
will the market open all day today ? or else ?


Regards,
Untusoft
  • #267,270
  • Dec 23, 2010 6:12pm Dec 23, 2010 6:12pm
Quoting rugevo
I placed 2 short levels on cable .5450 and .5485 ...is any one short??? If yes, what is your take profit level???
Based on?

Dunno if the shorts are what you should be looking at my friend.

Todays close was above yesterdays. We are currently above daily roll over. Buys have been coming in without the same sell pressure...

Not saying we won't see another sell off, but the current, albeit only for the day, trend is up, do you really want to be challenging this?
S1 support level.
R1, R2, resistance levels.
Trend channel break out...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #267,271
  • Dec 23, 2010 6:19pm Dec 23, 2010 6:19pm
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sold
  • #267,272
  • Dec 23, 2010 6:38pm Dec 23, 2010 6:38pm
Good morning,
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  • #267,273
  • Dec 23, 2010 7:30pm Dec 23, 2010 7:30pm
Quoting redsword11
Attachment

Attachment



sold

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out
  • #267,274
  • Dec 23, 2010 8:32pm Dec 23, 2010 8:32pm
Quoting gsantri
Good morning,
Out +11.

Enjoy your holiday

We have leg 1 AFF Cup final on Sunday @ KL yeah..

Hope this will not happen..
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  • #267,275
  • Dec 23, 2010 8:55pm Dec 23, 2010 8:55pm
go malaysia!
  • #267,276
  • Dec 23, 2010 9:11pm Dec 23, 2010 9:11pm
Quoting Magix
Based on?

Dunno if the shorts are what you should be looking at my friend.

Todays close was above yesterdays. We are currently above daily roll over. Buys have been coming in without the same sell pressure...

Not saying we won't see another sell off, but the current, albeit only for the day, trend is up, do you really want to be challenging this?
S1 support level.
R1, R2, resistance levels.
Trend channel break out...
Very true we are above yesterday's close..However, we now have an inside bar situation as shown by the two red lines. Until we close above 12/22 candle, I wouldn't want to go long either...
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  • #267,277
  • Dec 23, 2010 9:21pm Dec 23, 2010 9:21pm
Quoting Ctic
Very true we are above yesterday's close..However, we now have an inside bar situation as shown by the two red lines. Until we close above 12/22 candle, I wouldn't want to go long either...
And of some interest, zooming out on the above chart, look at where the 12/22 candle spans. With the holidays here we could see this situation again for the week......
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  • #267,278
  • Dec 23, 2010 9:26pm Dec 23, 2010 9:26pm
Quoting rugevo
I placed 2 short levels on cable .5450 and .5485 ...is any one short??? If yes, what is your take profit level???

I do agree with Magix here... we are kind of in a scalping range until it determines which way it wants to break out... I believe it will break down when it does but, no one can be sure until it happens. Like I said in a previous post, we may be ranging here for days...
  • #267,279
  • Dec 23, 2010 9:31pm Dec 23, 2010 9:31pm
Quoting Ctic
Very true we are above yesterday's close..However, we now have an inside bar situation as shown by the two red lines. Until we close above 12/22 candle, I wouldn't want to go long either...
Much as I have been really trying hard to stay out of market this week...I was still forced, to take a few trades this morning....

But now...not gunna touch. I have no idea what London is gunna do, and with a couple bank holidays including the states, not really looking forward to anything. Lull kinda dogshit action that really could do anything.

Yes, we are currently inside candles, but as long as we hold above daily roll, we are still positive on this day as well. No trade right now really worth the risk from here, IMO....
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #267,280
  • Dec 23, 2010 9:38pm Dec 23, 2010 9:38pm
Quoting Magix
Much as I have been really trying hard to stay out of market this week...I was still forced, to take a few trades this morning....

But now...not gunna touch. I have no idea what London is gunna do, and with a couple bank holidays including the states, not really looking forward to anything. Lull kinda dogshit action that really could do anything.

Yes, we are currently inside candles, but as long as we hold above daily roll, we are still positive on this day as well. No trade right now really worth the risk from here, IMO....
Very much agreed... I am actually out until the New Year. I am not willing to take the risk until we get some normal PA back. IMHO, when it does break it will probably break to the down side but we will have to wait and see. The monthly bearish engulfing and bear flag is a nice indication we may see some more short side action. Happy Holidays to all.
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