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Cable Update (GBPUSD)

  • #269,541
  • Jan 21, 2011 6:49am Jan 21, 2011 6:49am
Quoting chazzle
there she blows - I'm in ...
I'll close that - want a quicker rejection in my 6th hour of screen time - a no brainer lol - might try closer the DTL - positive on the day now
  • #269,542
  • Jan 21, 2011 6:52am Jan 21, 2011 6:52am
Quoting Black Hole
Hello guys!

my 1st post, and point of view below.

Attachment
Indeed a black hole scenario ......... lol.
  • #269,543
  • Jan 21, 2011 6:52am Jan 21, 2011 6:52am
Quoting callmegood
Hahah.. You mean 'went down'. PLN always problematic huh? it's okay, don't keep your grudge for too long.
hahaha right ! and i'm in, SELL ! 20 minute battery remaining..., what can i say?
I will be the number one Manager.
  • #269,544
  • Jan 21, 2011 6:54am Jan 21, 2011 6:54am
Quoting rome777
Do you mean up?

great entry for the guy...1.5960

hm, My view is to sell as you see
  • #269,545
  • Jan 21, 2011 6:56am Jan 21, 2011 6:56am
it's over guys, call it a day
  • #269,546
  • Jan 21, 2011 6:58am Jan 21, 2011 6:58am
Correction
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD, H4.gif Size: 18 KB
Put your hands in the air , Give me all your money ! !
  • #269,547
  • Jan 21, 2011 6:59am Jan 21, 2011 6:59am
Quoting redsword11
Attachment


flag may complete its demand consumption/cycle @ horizontal
Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 71 KB
  • #269,548
  • Jan 21, 2011 7:00am Jan 21, 2011 7:00am
Good day,

I have seen too many of these setups. I am not convinced that longs are going into play here. This PA tells me there is positiontaking, taking place. Too many lures to both sides been dragged through the water.

Entice shorts - kill long SL. Entice long - kill short SL. Rinse repeat.

Not bying it. I stay where I am. For now.

It's gonna be spectacular

Regards
  • #269,549
  • Jan 21, 2011 7:02am Jan 21, 2011 7:02am
Quoting javapips
hahaha right ! and i'm in, SELL ! 20 minute battery remaining..., what can i say?
You could say "set a SL"
  • #269,550
  • Jan 21, 2011 7:09am Jan 21, 2011 7:09am
Quoting TauTrader
Good day,

I have seen too many of these setups. I am not convinced that longs are going into play here. This PA tells me there is positiontaking, taking place. Too many lures to both sides been dragged through the water.

Entice shorts - kill long SL. Entice long - kill short SL. Rinse repeat.

Not bying it. I stay where I am. For now.

It's gonna be spectacular

Regards
I've been selling this shit since Tuesday,

but I still need some convincing confirmation...
  • #269,551
  • Jan 21, 2011 7:16am Jan 21, 2011 7:16am
Quoting chazzle
I'll close that - want a quicker rejection in my 6th hour of screen time - a no brainer lol - might try closer the DTL - positive on the day now
Good day to you,

Now is the time for you to pull up the demo to trade further. Well recovered. If the urge is too big - we can arrange a suspension until Monday?

All the best
  • #269,552
  • Jan 21, 2011 7:20am Jan 21, 2011 7:20am
Quoting TauTrader
Good day to you,

Now is the time for you to pull up the demo to trade further. Well recovered. If the urge is too big - we can arrange a suspension until Monday?

All the best
Aw come on not even short 15970/80?
  • #269,553
  • Jan 21, 2011 7:26am Jan 21, 2011 7:26am
Quoting chazzle
Aw come on not even short 15970/80?
Ermmm... well.... maybe.

A scalp back to 1.5925/30 will work from those levels, only if reached within the next hour.

Do what you want. Dammit.

Regards
  • #269,554
  • Jan 21, 2011 7:30am Jan 21, 2011 7:30am
Something to consider.

If this 4 hour channel plays out then there could be a chance of 1.62. The 4H parabolic sar has also broken to the upside. Good luck.

Attached Image (click to enlarge)
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You've got to be IN IT to WIN IT!
  • #269,555
  • Jan 21, 2011 7:32am Jan 21, 2011 7:32am
Cable made a U-Turn today after meeting strong support @ 1.5866 lower channel line.

The rally produced a higher low on M30 today, powering the pair to current levels around 1.5965 and challenging the downward trend channel and consequently the 1.6 handle.

This bodes well for intraday bullish positions...
Attached Image (click to enlarge)
Click to Enlarge Name: m30.jpg Size: 48 KB
Hear the music before the song is over ...
  • #269,556
  • Jan 21, 2011 7:55am Jan 21, 2011 7:55am
could there be a stop-hitting bonanza late friday?
  • #269,557
  • Jan 21, 2011 8:00am Jan 21, 2011 8:00am
Quoting Ctic
As for the news, if you read some of my posts from weeks ago, and longer, I am not a news trader and I do believe the news if factored into price long before the data is released. Bad data or not, it doesn't matter.

Look at the US news for example. The US Long term purchases was about double the forcast. Building permits was up, and we went down.

On the same sense look at GBP.... Better Claimant Count Change than what was expected. Mr Dipshit Posen said something (who cares what), GBP CPI better than expected etc... and here we still go...
To continue this discussion I read an article we had the worst GBP retail sales as of late and yet look at her fly. So like I keep saying........news doesn't mean shit.
  • #269,558
  • Jan 21, 2011 8:02am Jan 21, 2011 8:02am
Quoting Ctic
To continue this discussion I read an article we had the worst GBP retail sales as of late and yet look at her fly. So like I keep saying........news doesn't mean shit.
CPI news could still be playing out though?
  • #269,559
  • Jan 21, 2011 8:04am Jan 21, 2011 8:04am
time to take a nap you will feel better next week, i know it hurt but i told you long was in play yesterday
  • #269,560
  • Jan 21, 2011 8:04am Jan 21, 2011 8:04am
Quoting Ctic
To continue this discussion I read an article we had the worst GBP retail sales as of late and yet look at her fly. So like I keep saying........news doesn't mean shit.
the impact of the news is delayed.

What I mean by that is: buy gossip, sell facts (and vice versa, it depends of situation)

W.
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