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Cable Update (GBPUSD)

  • #272,681
  • Feb 23, 2011 3:23am Feb 23, 2011 3:23am
Quoting _BBKing_
i use it sometimes but i dont really like that.
useful to get position when price closes above or below a level.
but you need to know the pair you trade coz sometimes levels lies NEAR support or resistance
try to think in ranges to define support and resistance areas
Hero calls followed by margin calls...
  • #272,682
  • Feb 23, 2011 3:33am Feb 23, 2011 3:33am
Quoting Tsar
HIT....

And Second Target @ 1.6252 ...
Closed @ 1.6265
Always looking the GREAT, never left GOOD Point...
  • #272,683
  • Feb 23, 2011 3:35am Feb 23, 2011 3:35am
fly cable fly!
Thank You
  • #272,684
  • Feb 23, 2011 3:35am Feb 23, 2011 3:35am
KABOOOM

burned all stops 6250
90% of traders use TA, indicators and prediction
  • #272,685
  • Feb 23, 2011 3:38am Feb 23, 2011 3:38am
just like that??
L-H-LH-HH -> B // H-L-HL-LL -> B
  • #272,686
  • Feb 23, 2011 3:39am Feb 23, 2011 3:39am
Quoting wormboy
fly cable fly!
Already . discounted ~150pips then made it up. Congrat ur excellent long (excellent entry)
  • #272,687
  • Feb 23, 2011 3:39am Feb 23, 2011 3:39am
So some £ buying on knee-jerk reaction to 6-0-3, Question is how much supply does these previous 4hr/daily swing hi leading up to 6277 then to 6297-a previous daily/weekly swing hi hold ?

G/L
ex member
  • #272,688
  • Feb 23, 2011 3:44am Feb 23, 2011 3:44am
Quoting Exciter135
Already . discounted ~150pips then made it up. Congrat ur excellent long (excellent entry)

thank you my friend, lucky guess. hope you're knee deep as well
Thank You
  • #272,689
  • Feb 23, 2011 3:44am Feb 23, 2011 3:44am
Quoting bbmac
So some £ buying on knee-jerk reaction to 6-0-3, Question is how much supply does these previous 4hr/daily/weekly swing hi leading up to 6277 hold ?

G/L
cant imagine that we will see new highs..... anyway we have weak bear div on h4 and daily. lot of supply ....
Hero calls followed by margin calls...
  • #272,690
  • Feb 23, 2011 3:45am Feb 23, 2011 3:45am
My sentiments too BBmac.

I wonder how far GU will rise if it breaks the last high on the daily?
  • #272,691
  • Feb 23, 2011 3:47am Feb 23, 2011 3:47am
Quoting bbmac
So some £ buying on knee-jerk reaction to 6-0-3, Question is how much supply does these previous 4hr/daily swing hi leading up to 6277 then to 6297-a previous daily/weekly swing hi hold ?

G/L
i agree.
closed buy stop order 6233 - 6270 in 5 seconds
now i expect some retrace down
90% of traders use TA, indicators and prediction
  • #272,692
  • Feb 23, 2011 3:50am Feb 23, 2011 3:50am
anyone interestin....

take a look at usd chf
90% of traders use TA, indicators and prediction
  • #272,693
  • Feb 23, 2011 3:53am Feb 23, 2011 3:53am
.
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  • #272,694
  • Feb 23, 2011 3:56am Feb 23, 2011 3:56am
Quoting wormboy
thank you my friend, lucky guess. hope you're knee deep as well
Sure. Projected .6100 as last defence yesterday, but LD 1st session could not break .6132, then long @.6169, SL .6090. 2nd LD last minutes pushed down again to .6100, then added long @.6126 in 2nd US. Partial TP @.6210, remaining tight SL .6190 now.
  • #272,695
  • Feb 23, 2011 3:56am Feb 23, 2011 3:56am
gbp/usd is making a strong run up, i was short now im on the sideline watching the move. good luck to all
  • #272,696
  • Feb 23, 2011 3:56am Feb 23, 2011 3:56am
4hr shows the previous 4hr/daily swing hi to 6277, but the previous daily/weekly hi to 6297 goes to 6297...created back in early November.

Price has fallen back from the former after the knee-jerk buying £ on the Mpc minutes react.

G/L
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ex member
  • #272,697
  • Feb 23, 2011 4:00am Feb 23, 2011 4:00am
Quoting bbmac
4hr shows the previous 4hr/daily swing hi to 6277, but the previous daily/weekly hi to 6297 goes to 6297...created back in early November.

Price has fallen back from the former after the knee-jerk buying £ on the Mpc minutes react.

G/L
shorted it some moments ago.... target 6200 obv.....usdx should retrace soon, cable overbought.

ph.
Hero calls followed by margin calls...
  • #272,698
  • Feb 23, 2011 4:02am Feb 23, 2011 4:02am
Quoting Exciter135
Sure. Projected .6100 as last defence yesterday, but LD 1st session could not break .6132, then long @.6169, SL .6090. 2nd LD last minutes pushed down again to .6100, then added long @.6126 in 2nd US. Partial TP @.6210, remaining tight SL .6190 now.

well done mate, nice trading right there

got mine locked @6170
time to walk away & see how high we close later. Good luck!
Thank You
  • #272,699
  • Feb 23, 2011 4:03am Feb 23, 2011 4:03am
Quoting bbmac
So some £ buying on knee-jerk reaction to 6-0-3, Question is how much supply does these previous 4hr/daily swing hi leading up to 6277 then to 6297-a previous daily/weekly swing hi hold ?

G/L
Hi bbmac,

Thank's so much for you
You given Lesson Step by Step much more in ROOM...
And I followed for that's.
Always looking the GREAT, never left GOOD Point...
  • #272,700
  • Feb 23, 2011 4:19am Feb 23, 2011 4:19am
Quoting Tsar
Not Correct, Bro.

Target Cable @ 1.6252 (Max) after Touch it... will be REVERSAL
Great call.

Do you think it will continue down to 6000 over next few days?

From what I see right now, I am banking on it.
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