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Cable Update (GBPUSD)

  • #273,081
  • Feb 28, 2011 3:51am Feb 28, 2011 3:51am
We have reached today's 1.6 fib level so maybe a small short I shall take
  • #273,082
  • Feb 28, 2011 4:06am Feb 28, 2011 4:06am
Quoting redbeben
pull back on the cable

1.6250 still to be conquered

but don't take it for granted..I'bve been long to 1.63 since november last year so ...
1.6220 next target untill next pull back

we still need a cross on H4 to go higher and for that the price has to come down a bit
  • #273,083
  • Feb 28, 2011 4:15am Feb 28, 2011 4:15am
Strong move up...supply getting absorbed by the demand...any supply imbalances over demand anywhere ?

G/L

http://i54.tinypic.com/4j7wjs.jpg
ex member
  • #273,084
  • Feb 28, 2011 4:24am Feb 28, 2011 4:24am
Quoting tundeakins
Good morning fellow my fellow traders. It has been a long time I came here. Well, I will like to contribute to what you people are discussing. The best zone to resume up-trend now is 1.6084 (support) and 1.670 (fib 23.6% and trendline).

Good luck.
Yeap, I've just closed my long position at 130 pips pure profits. I will like to stay back for now and watch if the market is going to break the resistance at 1.6275. Well, I hope it breaks it, and if it do, I will wait for cool pullback before I re-enter my long position. So how are you doing traders?
  • #273,085
  • Feb 28, 2011 4:35am Feb 28, 2011 4:35am
Attached Image (click to enlarge)
Click to Enlarge Name: gc left.jpg Size: 73 KB


Attached Image (click to enlarge)
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........... and other



FINAL SUPPLY ZONE @ 1.59999
  • #273,086
  • Feb 28, 2011 4:40am Feb 28, 2011 4:40am
Quoting tundeakins
Good morning fellow my fellow traders. It has been a long time I came here. Well, I will like to contribute to what you people are discussing. The best zone to resume up-trend now is 1.6084 (support) and 1.670 (fib 23.6% and trendline).

Good luck.
Hurray, I just made 130 pips from my Friday Long. Now, I will like to buy if cable break resistance at 1.6275 and pullback to low.
  • #273,087
  • Edited 5:28am Feb 28, 2011 4:51am | Edited 5:28am
Quoting redbeben
1.6220 next target untill next pull back

we still need a cross on H4 to go higher and for that the price has to come down a bit

well part of my longs closed now,sells opened....part of longs still to close at 1.6250,1.6270 and 1.6298

sells to close at 1.60 roughly

I only have one problem for today....the amount won today for my acc ends in 666 so far..should I trade more or should I stay like this
  • #273,088
  • Feb 28, 2011 5:47am Feb 28, 2011 5:47am
Quoting redbeben
well part of my longs closed now,sells opened....part of longs still to close at 1.6250,1.6270 and 1.6298

sells to close at 1.60 roughly

I only have one problem for today....the amount won today for my acc ends in 666 so far..should I trade more or should I stay like this
ok ok I was greedy
first TP on the sell 1.6160
  • #273,089
  • Feb 28, 2011 5:55am Feb 28, 2011 5:55am
hey...wait a minute...is there any news in sight ? I mean why am I the only one writing here ?

you must be scared of something

I'll go have a look on the calendar
  • #273,090
  • Feb 28, 2011 5:59am Feb 28, 2011 5:59am
http://i1102.hizliresim.com/2011/2/28/4894.jpg
Everything is RISK just learn how to live with
  • #273,091
  • Feb 28, 2011 6:28am Feb 28, 2011 6:28am
Quoting redbeben
ok ok I was greedy
first TP on the sell 1.6160
uhm... not clearly going 6160 yet
90% of traders use TA, indicators and prediction
  • #273,092
  • Feb 28, 2011 6:40am Feb 28, 2011 6:40am
Quoting _BBKing_
uhm... not clearly going 6160 yet
it might hit the 1.6260 first but it will still go down as tmr there is a big day for the GBP..and wednesday as well
  • #273,093
  • Feb 28, 2011 6:42am Feb 28, 2011 6:42am
Quoting deryworlds
Thats What I mean Now Try Back North Booked Buy Entry 1.6088 TP 1.6325
Well Monday happen as well
  • #273,094
  • Feb 28, 2011 6:51am Feb 28, 2011 6:51am
Quoting redbeben
ok ok I was greedy
first TP on the sell 1.6160
Any reason todo sell?
i am now selling
Open@ 6231,
SL, 6265,

RBB u r expecting how long inorder to get 16000?
  • #273,095
  • Edited 7:30am Feb 28, 2011 7:07am | Edited 7:30am
Quoting WengOn
Any reason todo sell?
i am now selling
Open@ 6231,
SL, 6265,

RBB u r expecting how long inorder to get 16000?
although i im waiting for candle close on 5min below 16226, tp 16151/confluence with 200ema 5min
All systems of divination, like music itself,work through patterns.
  • #273,096
  • Feb 28, 2011 7:12am Feb 28, 2011 7:12am
Quoting WengOn
Any reason todo sell?
i am now selling
Open@ 6231,
SL, 6265,

RBB u r expecting how long inorder to get 16000?
well...H4 ichi tells me it needs a long cross still and the KS line is at 1.6160 more or less

flat line attracts price as a magnet+RSI+stochs on max on most of the TFS plus the fact that GBP JPY is going down and the eur usd will soon follow

on the other side there are the news for the next 2 days and as they look they might impact the cable on and make it go south for a while

1.60 is still to go in some days maybe tmr maybe by the end of the week depending on where it will finish today.

and still it can go as low as 1.5750 in this upmove consolidation but i would not wait that long.

and again I have to stress with the long ones that will reach the 1.6250-1.6270-1.6298

but pls don't follow my calls,I trade them acc to the chaos inside my head and my MM and rules.
  • #273,097
  • Feb 28, 2011 7:12am Feb 28, 2011 7:12am
Canada News is coming in 18mins time.
  • #273,098
  • Feb 28, 2011 7:19am Feb 28, 2011 7:19am
Quoting mikjurado
Pascience pays!
Lol, love your spelling.
  • #273,099
  • Feb 28, 2011 7:20am Feb 28, 2011 7:20am
Quoting WengOn
Canada News is coming in 18mins time.
ten minutes.
  • #273,100
  • Feb 28, 2011 7:23am Feb 28, 2011 7:23am
hi there,me again as a flower

is the cad going to affect us ? I mean I started to understand the micropicture for the cable news(even if most of the cases tells us a diff story) but this one with the cad i don't get it

any hidden catches there ?
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