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Cable Update (GBPUSD)

  • #271,961
  • Feb 15, 2011 6:36am Feb 15, 2011 6:36am
Quoting wormboy
just trying to help.

switch over to the H1 or H4 & have a look. No sign of pause yet, let alone a retrace or reversal to safely short.

Good luck
Forex $ = Patiency + Guts + Confidency + Ur Finger
  • #271,962
  • Feb 15, 2011 6:39am Feb 15, 2011 6:39am
Horrendous losing short from January now closed, all equity released (what was left of it lol!).

Managed to take two longs earlier @ 1.6027 & 1.60594. Closed at 1.61 & 1.6111 respectively to slightly ease the pain.

Also looking for opportunity to take the retrace short, especially as potential US session reversal looming. Although not free from red flag news until 14:00 GMT and I don't like the volatility.

Price at last Thursday's high now.
  • #271,963
  • Feb 15, 2011 6:40am Feb 15, 2011 6:40am
Quoting chazzle
short @ 16140 SL 16170 TP open
cover 16129
  • #271,964
  • Feb 15, 2011 6:45am Feb 15, 2011 6:45am
something i found out this ten days,

1)At ASIA timing, the market love to reverse back during after 60 or 80 pips journey it may then be your entry when u see market go NUTS during AsiaTiming.

Of Course u need some luck in order to play with this unregular technique.

2) when market achieve >130pips "A day" u can try ur luck to aim for reversal, cause 150pips is "unregular". Beside making entry pls read NEWS.
  • #271,965
  • Feb 15, 2011 6:47am Feb 15, 2011 6:47am
Quoting chazzle
cover 16129

CHEERS,
hope u did not closed all.
  • #271,966
  • Feb 15, 2011 6:47am Feb 15, 2011 6:47am
Quoting chazzle
cover 16129
Nicely nicely Chazzle.
  • #271,967
  • Feb 15, 2011 6:49am Feb 15, 2011 6:49am
Quoting WengOn
CHEERS,
hope u did not closed all.
yep - I blame Wormboy for scaring me out of the water
  • #271,968
  • Feb 15, 2011 6:50am Feb 15, 2011 6:50am
Quoting chazzle
yep - I blame Wormboy for scaring me out of the water
i did not enter bcoz of him...

DUN FEEL OFFENSE,
  • #271,969
  • Edited 7:10am Feb 15, 2011 6:50am | Edited 7:10am
Quoting chazzle
short @ 16140 SL 16170 TP open
Nice Setup and SL

Cable OVERBOUGHT @ Price 1.6133
Target Up HIT @ Price 1.6157
Always looking the GREAT, never left GOOD Point...
  • #271,970
  • Feb 15, 2011 6:53am Feb 15, 2011 6:53am
Quoting WengOn
i did not enter bcoz of him...

DUN FEEL OFFENSE,
don't worry just joking mate - actually is very risky shorting right now
if anything now she's priming for next leg up ... lots of lovely stops to take out lol
  • #271,971
  • Feb 15, 2011 6:53am Feb 15, 2011 6:53am
Cautious for long traders as we are at important levels of Resis.

 

  1. Near Fib 61.80 Resis.
  2. Horizontal blue line of Gann Resis.

G/L

Attached Image (click to enlarge)
Click to Enlarge Name: important_levels.jpg Size: 172 KB
  • #271,972
  • Feb 15, 2011 6:54am Feb 15, 2011 6:54am
Quoting WengOn
something i found out this ten days,

1)At ASIA timing, the market love to reverse back during after 60 or 80 pips journey it may then be your entry when u see market go NUTS during AsiaTiming.

Of Course u need some luck in order to play with this unregular technique.

2) when market achieve >130pips "A day" u can try ur luck to aim for reversal, cause 150pips is "unregular". Beside making entry pls read NEWS.

Today journey is 120pips. now reverse >20pips， i wish a negative US news give u ALLLUCK.
GREEN GREEN PIPS, PIPS PIPS.PIPS!

1 hour BOllinger OVERSHOOT, did u find it?
  • #271,973
  • Feb 15, 2011 6:57am Feb 15, 2011 6:57am
Will look to enter short if ALF gives the signal:

http://i1137.photobucket.com/albums/.../ALF_cable.jpg
  • #271,974
  • Feb 15, 2011 7:02am Feb 15, 2011 7:02am
Quoting Pkurdy
Cautious for long traders as we are at important levels of Resis.

 

  1. Near Fib 61.80 Resis.
  2. Horizontal blue line of Gann Resis.

G/L

I love to read Chart.
can u Just CROP the prime area, is way too small, we cant even read it PROPERLY.
THANK U GOOD GOOD LUCK
  • #271,975
  • Feb 15, 2011 7:12am Feb 15, 2011 7:12am
Quoting chazzle
nicely done mate
Thanks Chaz, I only follow your TP

Quoting smilemiz

nice setup...
Thanks Miz, you too


Seems that GU still has energy to go up further.
Could be its the market reaction that the BOE likely to maintain economic growth momentum without raising interest rates in the near future. That's what my understanding from Inflation Letter released a while ago.

Maybe its not a bad idea to read the letter while we're waiting for US news

http://www.bankofengland.co.uk/monet...tter110215.pdf
  • #271,976
  • Feb 15, 2011 7:13am Feb 15, 2011 7:13am
Quoting chazzle
yep - I blame Wormboy for scaring me out of the water
you'll thank me later bro
Thank You
  • #271,977
  • Feb 15, 2011 7:14am Feb 15, 2011 7:14am
Quoting WengOn
i did not enter bcoz of him...

DUN FEEL OFFENSE,
lol

Inserted Video
Thank You
  • #271,978
  • Feb 15, 2011 7:15am Feb 15, 2011 7:15am
big moves are down for today i guess.
shorted 6140 , big R , atr farly exceeded.

tp 6105. sl 6150 ~

Phanti
Hero calls followed by margin calls...
  • #271,979
  • Feb 15, 2011 7:18am Feb 15, 2011 7:18am
Bro, Use (My) MAGIC Number again...

Quoting Tsar

Cable OVERBOUGHT @ Price 1.6133
Target Up HIT @ Price 1.6157
Quoting gsantri

Seems that GU still has energy to go up further.
Could be its the market reaction that the BOE likely to maintain economic growth momentum without raising interest rates in the near future. That's what my understanding from Inflation Letter released a while ago.

Maybe its not a bad idea to read the letter while we're waiting for US news

http://www.bankofengland.co.uk/monet...tter110215.pdf
Always looking the GREAT, never left GOOD Point...
  • #271,980
  • Feb 15, 2011 7:23am Feb 15, 2011 7:23am
Quoting wormboy
you'll thank me later bro
for shizzle
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