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Cable Update (GBPUSD)

  • #272,201
  • Feb 17, 2011 3:41am Feb 17, 2011 3:41am
Quoting Black Hole
to be honest, this move makes me happy

me too, I actually was in a long at 1.6109, and looking for 1.6162, so I am not complaining, but it was getting grim for me there for a bit, and now it shot up. However it was a little unexpected.
Trade Like a Robot make money Like a Bank
  • #272,202
  • Feb 17, 2011 3:41am Feb 17, 2011 3:41am
Quoting gsantri
Short entered @6095 SL 6110. Lets see.
Hit

SL was too tight.. naah hate to give it back..

Better stay aside n watch for a while.
  • #272,203
  • Feb 17, 2011 3:41am Feb 17, 2011 3:41am
Some were not taking notice of upcoming event risks

Quoting bbmac
.....
Uber hawk Boe/Mpc member Sentance speaking at 0935am gmt

G/L
ex member
  • #272,204
  • Edited 4:01am Feb 17, 2011 3:46am | Edited 4:01am
Target UP @ 1.6142 - M30 Ressistance

SL @ 1.1160

OMG...

What WRONG with me ???
BAD Days or My Destiny...

If BUY ... Cable go DOWN
If SELL ... Cable go UP


Quoting Tsar
CLOSED with 3 Pips Profit only

Back to SELL with First PLAN... TP @ 1.6042
Always looking the GREAT, never left GOOD Point...
  • #272,205
  • Feb 17, 2011 3:49am Feb 17, 2011 3:49am
Quoting raz
me too, I actually was in a long at 1.6109, and looking for 1.6162, so I am not complaining, but it was getting grim for me there for a bit, and now it shot up. However it was a little unexpected.
those unexpected, fast like hell moves ara always confusing, not only when it goes against you,

but also when this is good for your trade, cause you never know what will happen next, and how far it goes

that's why I said ones that sometimes whose move makes me fatry
  • #272,206
  • Feb 17, 2011 3:51am Feb 17, 2011 3:51am
I don't think the move up was entirely unexpected, ..it was known that Uber hawk Sentance was speaking at 0935am gmt...and his words [ like uber dove Posen's before caused a fast decline in price a while ago,] could cause £ to rise on his hawkishness. To short just ahead of this event risk was niaive.

G/L
ex member
  • #272,207
  • Edited 4:05am Feb 17, 2011 3:53am | Edited 4:05am
Quoting bbmac
I don't think the move up was entirely unexpected, ..it was known that Uber hawk Sentance was speaking at 0935am gmt...and his words [ like uber dove Posen's before caused a fast decline in price a while ago,] could cause £ to rise on his hawkishness. To short just ahead of this event risk was niaive.

G/L
agree..

i short GU @1.6130
another bearish diverence and trendline.. (but not yet forming, i cant wait cos' want to go home)


dont follow newbie..
L-H-LH-HH -> B // H-L-HL-LL -> B
  • #272,208
  • Feb 17, 2011 4:02am Feb 17, 2011 4:02am
Quoting bbmac
I don't think the move up was entirely unexpected, ..it was known that Uber hawk Sentance was speaking at 0935am gmt...and his words [ like uber dove Posen's before caused a fast decline in price a while ago,] could cause £ to rise on his hawkishness. To short just ahead of this event risk was niaive.

G/L
right, but you see, EURO had a small erupion as well,

so I'm not sure if it concers only british pound.
  • #272,209
  • Feb 17, 2011 4:03am Feb 17, 2011 4:03am
The daily bar for the dollar index is down and the overall trend is down and it is bouncing off the 50 MA.
If the news goes as expected today we are likely to see more dollar weakness
  • #272,210
  • Feb 17, 2011 4:10am Feb 17, 2011 4:10am
Quoting untusoft
I think it's bullish time...
1.6185 is my first target... 1.6230 the second one...
It's halfway to go up... better close at about 1.6140...
time to take a rest...
Thanks God...
  • #272,211
  • Feb 17, 2011 4:11am Feb 17, 2011 4:11am
cable looks kinda unsure today
  • #272,212
  • Feb 17, 2011 4:23am Feb 17, 2011 4:23am
gbp crossrates have very high volume right now, might go up for some time. will look for it especially after usd unemployment claims and cpi.
till now chf is stong too, kind of hard for me not to go in, but i will wait and stay patient till usd data is announced.

imho cable doesn't look unsure, but strong today
  • #272,213
  • Feb 17, 2011 4:24am Feb 17, 2011 4:24am
Quoting cashbyclick
gbp crossrates have very high volume right now, might go up for some time. will look for it especially after usd unemployment claims and cpi.
till now chf is stong too, kind of hard for me not to go in, but i will wait and stay patient till usd data is announced.
true say dude.
  • #272,214
  • Feb 17, 2011 4:25am Feb 17, 2011 4:25am
Quoting fxvoilaaa
cable looks kinda unsure today

The last 1hr candle closed as a master bullish thrust engulfing, engulfing the bodies of the previous 9 candles on that t/f...so the geater probability is that for now at least the market has made it's mind up ...whether that probability plays out or not, it was the greater probability, which is all we have as none of us know what will happen next.

G/L
ex member
  • #272,215
  • Feb 17, 2011 4:29am Feb 17, 2011 4:29am
Quoting Tsar
Target UP @ 1.6142 - M30 Ressistance

SL @ 1.1160

OMG...

What WRONG with me ???
BAD Days or My Destiny...

If BUY ... Cable go DOWN
If SELL ... Cable go UP
cos you never sleep, i saw you yesterday watching chart till morning..,your eyes must be red now..,so price move up you thought a red candle... LOL !
I will be the number one Manager.
  • #272,216
  • Feb 17, 2011 4:35am Feb 17, 2011 4:35am
Quoting javapips
cos you never sleep, i saw you yesterday watching chart till morning..,your eyes must be red now..,so price move up you thought a red candle... LOL !
You are Correct.
Only can SLEEP 2 Hours.


ID
Kemarin Malam saja Keliru beri Petunjuk. Sudah 2 Hr Kecapaian.
Hrg di Bawah sekali malah suruh Tutup Beli-nya. Walahh... Kena Dosa kali
Always looking the GREAT, never left GOOD Point...
  • #272,217
  • Feb 17, 2011 4:40am Feb 17, 2011 4:40am
In my previous postings, I have always advocated trading within zones. It is the most profitable way for any retail trader who doesn't have all the facts. We are currently trading between the areas marked by the red boxes both at the upper (1.61850) and lower (1.59553) levels.

See the posting below to understand why I pick the zone as a reliable range.

http://www.forexfactory.com/showthre...49#post4391749

See the weekly and daily charts below.

It is always helpful to have a plan in place.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd - weekly red confirmation.gif Size: 17 KB
Click to Enlarge Name: gbpusd - daily red confirmation.gif Size: 23 KB
  • #272,218
  • Feb 17, 2011 4:43am Feb 17, 2011 4:43am
Quoting Black Hole
to be honest, this move makes me happy
hey black hole, got a question for ya...

is it true that nothing can escape?

  • #272,219
  • Edited 5:01am Feb 17, 2011 4:45am | Edited 5:01am
I'm OUT. I doubt with Markets. I think will Strong Bullish. More Better FLAT.

CLOSED Loss 21 Pips

Quoting Tsar
Target UP @ 1.6142 - M30 Ressistance

SL @ 1.1160

OMG...

What WRONG with me ???
BAD Days or My Destiny...

If BUY ... Cable go DOWN
If SELL ... Cable go UP
Always looking the GREAT, never left GOOD Point...
  • #272,220
  • Feb 17, 2011 4:47am Feb 17, 2011 4:47am
Quoting Tsar
I'm OUT. I doubt with Markets. I think will Srong Bullish. More Better FLAT.

CLOSED Loss 21 Pips
don't worry about it man.
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