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Cable Update (GBPUSD)

  • #273,721
  • Mar 8, 2011 4:47am Mar 8, 2011 4:47am
Cable is shitty today , huh? 45 pip range all morning
  • #273,722
  • Mar 8, 2011 4:56am Mar 8, 2011 4:56am
Quoting chazzle
Cable is shitty today , huh? 45 pip range all morning
For me it's been untradeable since last week, I have some problems with a decision where we're going...

Noramlly I'm pretty good at making good price prediction, but NOW you can call me a dump ass...
  • #273,723
  • Mar 8, 2011 4:58am Mar 8, 2011 4:58am
Quoting redbeben
while writting down the reply the first target was hit

I am afraid it will continue to go down
imho when the cloud bottom is broken it's like opening the gates to hell...you can only go one way which is down and pretty fast

I also combine my entries with other pairs as per EU and GJ
on EU when all were buying I sold yesterday and I cashed in 100 pips this morning and still more to come

USD seems pretty strong now on most of the pairs

next stop 1.6150-45 as per daily KS


then who knows


but what is for sure and here I can...

and again touche

I like it when I quote myself )
so 2 TP hit so far..sorry for the guys with the SL so small

I wanna see a 1.6130 now
  • #273,724
  • Edited 5:13am Mar 8, 2011 5:02am | Edited 5:13am
Quoting redbeben
and again touche

I like it when I quote myself )
so 2 TP hit so far..sorry for the guys with the SL so small

I wanna see a 1.6130 now
He he ..love it when a plan comes together ....
i've got support at 16135 from 24/25 Feb.

News usdcad 3 mins. Cable been sensitive to this pairing most this am
All systems of divination, like music itself,work through patterns.
  • #273,725
  • Mar 8, 2011 5:09am Mar 8, 2011 5:09am
Quoting kaspopsicle
He he ..love it when a plan comes together ....
if I would plan everything in advande I would be a tycoon already ) but still my trading is chaos .for me it works as my mind is blurry but somebody else has diff opinions.

so far I had 440 consecutive winning trades and some 440 hairs lost in this process )

with each TP touched on the shorts I open a new buy position with a TP at 1.6340 and as soon as it will get closer to that edge i will move it manually to higher highs some 1.67 I reckon
  • #273,726
  • Mar 8, 2011 5:14am Mar 8, 2011 5:14am
Quoting chazzle
Depends how much you're looking for...on HTFs I still see upside with 16120 (monthly pivot)/50 being a great entry point for longs
Going long with SL around 16100
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  • #273,727
  • Mar 8, 2011 5:15am Mar 8, 2011 5:15am
??
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  • #273,728
  • Mar 8, 2011 5:27am Mar 8, 2011 5:27am
i'm looking for candle close 5min DX above 7684 B4 reentering short on cable
Attached Image
All systems of divination, like music itself,work through patterns.
  • #273,729
  • Mar 8, 2011 5:32am Mar 8, 2011 5:32am
Quoting redbeben
if I would plan everything in advande I would be a tycoon already ) but still my trading is chaos .for me it works as my mind is blurry but somebody else has diff opinions.

so far I had 440 consecutive winning trades and some 440 hairs lost in this process )

with each TP touched on the shorts I open a new buy position with a TP at 1.6340 and as soon as it will get closer to that edge i will move it manually to higher highs some 1.67 I reckon
Cool... i must get a new platform ...mine crashes with more than two trades.
All systems of divination, like music itself,work through patterns.
  • #273,730
  • Mar 8, 2011 5:49am Mar 8, 2011 5:49am
later BOE king speaking
then tomorrow BOE statement

until these 2 events nothing on the way
im looking for a BUY levels.

first line near 6110-6120 also great sup/res

but.... i like a lot that 6075-6080
lets see what happenz
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90% of traders use TA, indicators and prediction
  • #273,731
  • Mar 8, 2011 5:50am Mar 8, 2011 5:50am
Quoting kaspopsicle
Cool... i must get a new platform ...mine crashes with more than two trades.
try to use only the platform on the computer and install more RAM if necessary....if not it means it is the platform so you have to change it

sorry to ask as I am confused now.why do you want to sell cheap ? I mean I still think the price will go to 1.6080 let's say but it's a bit hard to make it drop

there are let's say some 50 pips from the point of your entry to that level.
still all the indicators scream buy buy buy....

if you are not in a short already ain't it better to wait a bit and let the market decide?

I am already playing it so for me it is ok even if it shoots to the moon now but to open another short now when all stochs and RSI are on minimum on majority of TFS seems a bit risky

the only stochs that is still on the way down is the daily one and the RSI on the same tf

the only pro-sell argument I would have is the H4 cloud bottom break

hmmmm I have to learn how to use this USDX thing
  • #273,732
  • Edited 6:43am Mar 8, 2011 6:19am | Edited 6:43am


Now, I really SURE... SHE touch in Price @ 1.6139 as Weekly Pivot for PullBack
Potential SHE will DOWN for Lower to PRICE 1.6115 !
Be Carefully...

Quoting Tsar
I can NOT say anything... again

Last Posted #273615 Mar 7, 2011 5:51pm

HINT >>> Look in PRICE @ 1.6197 as Daily Pivot for PullBack
( or LOWER Price @ 1.6139 as Weekly Pivot for PullBack - But I'm NOT sure will Touch in Here )
Always looking the GREAT, never left GOOD Point...
  • #273,733
  • Mar 8, 2011 6:21am Mar 8, 2011 6:21am
Quoting Tsar


Now, I really SURE... SHE touch in Price @ 1.6139 as Weekly Pivot for PullBack
then GU will go long again??? need you viewpoint.
A chart helps those who can read it.
  • #273,734
  • Mar 8, 2011 6:23am Mar 8, 2011 6:23am
Weekly support 1 at 6120 and theres usually some premptive buying on the days of interest rate decisions,

will wait to see the volume and pa at 6120
  • #273,735
  • Mar 8, 2011 6:23am Mar 8, 2011 6:23am
Quoting redbeben
and again touche

I like it when I quote myself )
so 2 TP hit so far..sorry for the guys with the SL so small

I wanna see a 1.6130 now
3rd TP hit
  • #273,736
  • Mar 8, 2011 6:24am Mar 8, 2011 6:24am
Quoting Tsar


Now, I really SURE... SHE touch in Price @ 1.6139 as Weekly Pivot for PullBack
you think here lies weekly lowest?
6080 or 6110?
90% of traders use TA, indicators and prediction
  • #273,737
  • Mar 8, 2011 6:24am Mar 8, 2011 6:24am
Long from 1.6148; TP1 1.6205, TP2 1.6240, SL 1.6090.
  • #273,738
  • Mar 8, 2011 6:27am Mar 8, 2011 6:27am
Quoting redbeben
try to use only the platform on the computer and install more RAM if necessary....if not it means it is the platform so you have to change it

sorry to ask as I am confused now.why do you want to sell cheap ? I mean I still think the price will go to 1.6080 let's say but it's a bit hard to make it drop

there are let's say some 50 pips from the point of your entry to that level.
still all the indicators scream buy buy buy....

if you are not in a short already ain't it better to wait a bit and let the market decide?

I am already playing it so...
Thanks for your concern.
Waiting is wot i do.
I trade safe off of 5 min /1 min .... sometimes more risky than others.
My computer is fooked ....my techie told me to bin it 14 months ago. It will not cope with more RAM...and no,hes not trying to sell me anything.
My platform is cr*ap ...no point changing till i get new computer.
My plan 4 today as i posted earlier was to scalp short down to 16150/ 16120 from 16172/68.Got in , got out , back in down to 16150 . Now i'm back to waiting on cable and DX while doing other work.
My plans work for me according to the time i can put into trading .....to a satisfactory level for me.
I keep a close eye on cross correlation always . As i trade dollar pairings i look to DX most of the time but also usdcad, usdchf, usdjpy, .
Whopps gotta go.
All systems of divination, like music itself,work through patterns.
  • #273,739
  • Mar 8, 2011 6:32am Mar 8, 2011 6:32am
GBPUSD doesn't look so good going up this week. But GBPJPY looks very likely go up still this week.
So watch friends. Very likely before GBPJPY corrects to 132.28, it might even resume around 132.65. For GU there appears to be strong reversal patterns in place, considering the weekly and daily trend lines.
Does anyone think otherwise?
  • #273,740
  • Mar 8, 2011 6:49am Mar 8, 2011 6:49am
Quoting _BBKing_
you think here lies weekly lowest?
6080 or 6110?
in H4 - PRICE @ 1.6030 as FIBO 100%
Attached Image (click to enlarge)
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Always looking the GREAT, never left GOOD Point...
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