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Cable Update (GBPUSD)

  • #273,901
  • Mar 11, 2011 4:40am Mar 11, 2011 4:40am
Quoting _BBKing_
entry, stops n tgts?
we are in buy area here until above 5960.... why sell now?
according to my charts the 4hr is in a sell mode. daily has just crossed over to a sell.

i shorted this morning and presently + 40 pips or so up. i see GU going down further at least in the immediate future.

definately immediate trades should be sell.

quite possible to grab 100 + pips in the next 2-3 days.
  • #273,902
  • Mar 11, 2011 4:44am Mar 11, 2011 4:44am
Quoting bbakker
Ching, ching!

108 is possible long-term target. If you look at your weekly charts, I see this pair in a range! Obviously scale some of your position out before the final target! GL
EJ my love
i closed shorts 4the moment...
im waitin confirmation of that line near 112.60 also good support level.
if not will be much more possible near 111.80 second red line
below here very possible to see 108 area!
those are my levels of long/short...
Attached Image (click to enlarge)
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90% of traders use TA, indicators and prediction
  • #273,903
  • Mar 11, 2011 4:45am Mar 11, 2011 4:45am
Quoting _BBKing_
entry, stops n tgts?
we are in buy area here until above 5960.... why sell now?
i entered sell at 16046.

i dont use stops except for an emergency stop of 120 pips. once price reaches + 100 i will move stop to BE.
  • #273,904
  • Mar 11, 2011 4:46am Mar 11, 2011 4:46am
Off now to fix my car.
  • #273,905
  • Mar 11, 2011 4:54am Mar 11, 2011 4:54am
..
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  • #273,906
  • Mar 11, 2011 4:55am Mar 11, 2011 4:55am
Quoting kaspopsicle
GS.... you are wonderful
Thanks Kas just a little I knew.

Quoting bbakker
Ching, ching!

108 is possible long-term target. If you look at your weekly charts, I see this pair in a range! Obviously scale some of your position out before the final target! GL
GJ 0.6 vol taken out for 131 pips, remaining profit/SL locked +50.

108.00 target ? or you mean 131.08 ?

Edit: oops sorry you mean 108 for EJ, I thought GJ.
  • #273,907
  • Edited 5:13am Mar 11, 2011 4:55am | Edited 5:13am
Quoting _BBKing_
entry, stops n tgts?
we in buy area here until above 5960.... why sell now?
Does BB stand for big boy? WE are in a classic area of indecision..if you're including Price ,the most important person here.
Price has been driven by fundermentals to an extent past 24 hours....but Price was was sitting there waiting .
Price will make its own decision in real time.
Trade what you see.
Attached Image
All systems of divination, like music itself,work through patterns.
  • #273,908
  • Mar 11, 2011 5:06am Mar 11, 2011 5:06am
Quoting kaspopsicle
Does BB stand for big boy? WE are in a classic area of indecision..if you're including Price ,the most important person here.
lolz
BBKING is a blues singer... you see in youtube
about indecision area i agree.
i was meanin 'in my study' 59 area is a buy area.
had buy limit 6015 n 5980
the first i deleted
now running 5980 stop loss 5890 target not decided yet
closin candle below 5960 i will maybe open short in hedge
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90% of traders use TA, indicators and prediction
  • #273,909
  • Mar 11, 2011 5:23am Mar 11, 2011 5:23am
Your moniker does not do you justice...or woz it the other way around
All systems of divination, like music itself,work through patterns.
  • #273,910
  • Mar 11, 2011 6:07am Mar 11, 2011 6:07am
Quoting gsantri
Thanks Kas just a little I knew.



GJ 0.6 vol taken out for 131 pips, remaining profit/SL locked +50.

108.00 target ? or you mean 131.08 ?

Edit: oops sorry you mean 108 for EJ, I thought GJ.
Correct! EJ, but 108 is a long-term target based on the weekly charts, although I am expecting a nice reaction from ~109.50-110.20 based on the daily charts. If you bring up the monthly, we are in a downtrend, but look at that basing within the current range of ~105-116. Let's see what happens!

Analysis of the bigger picture timeframes (Monthly and weekly) is very important to understand the long-term trends, whether up or down, or whether we are in consolidation (range) that can easily be a 1000 pips! I work from the higher timeframes to the lower timeframes when I do my multiple timeframe analysis and I always keep the bigger picture in mind!

I wish you all success with your trading and enjoy your weekend!
  • #273,911
  • Mar 11, 2011 6:49am Mar 11, 2011 6:49am
Short scalp @16009-15995/ 15970
All systems of divination, like music itself,work through patterns.
  • #273,912
  • Mar 11, 2011 7:13am Mar 11, 2011 7:13am
Quoting kaspopsicle
Short scalp @16009-15995/ 15970
Out 15996.. +13 ...news coming up...increased volatility
All systems of divination, like music itself,work through patterns.
  • #273,913
  • Mar 11, 2011 7:22am Mar 11, 2011 7:22am
Quoting kaspopsicle
Out 15996.. +13 ...news coming up...increased volatility
what was ur green light to short @ 1.6009?
Never again will fade the trend
  • #273,914
  • Mar 11, 2011 7:28am Mar 11, 2011 7:28am
Buy GU @ 1.5986 TP 1.6060 sl 1.5936
Reason: 15min channel bottom tested and held as support.
Happy trading!
Meshach.
  • #273,915
  • Mar 11, 2011 7:32am Mar 11, 2011 7:32am
Find chart of previous trade call attached
Attached Image (click to enlarge)
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  • #273,916
  • Mar 11, 2011 7:50am Mar 11, 2011 7:50am
Quoting swingfiddle
what was ur green light to short @ 1.6009?
I draw lines of s/r in from higher time frames drill down to 5min./1 min.Will attach chart in a min. to show. just back from shop.
All systems of divination, like music itself,work through patterns.
  • #273,917
  • Mar 11, 2011 7:52am Mar 11, 2011 7:52am
  •  Sahil
  • | Joined Jan 2009 | Status: Options Trader - Commodities & FX | 24 Posts
What do u guys think will happen to USD once Tsunami hits US.
Lets share the thoughts and facts.
Should the USD go down or UP?
  • #273,918
  • Mar 11, 2011 7:58am Mar 11, 2011 7:58am
Quoting Sahil
What do u guys think will happen to USD once Tsunami hits US.
Lets share the thoughts and facts.
Should the USD go down or UP?
Well, that's a great question , the way I see it , the $$ is a safe haven despite a Tsunami hitting a US coast , what increases this probability , is one this happens , DJ is likely to fall and Markets globally would seek Liquidity , the same as happened with Japan . But this time the US dollar will appreciate , also the Yen will gain further momentum ....so Overall this is the conclusion :
Winners are Dollar , Yen and Frank. :nerd:
  • #273,919
  • Mar 11, 2011 7:59am Mar 11, 2011 7:59am
Quoting kaspopsicle
I draw lines of s/r in from higher time frames drill down to 5min./1 min.Will attach chart in a min. to show. just back from shop.
Trigger taken from 4HR. 15 feb double bottom support. Price had already broken down through today so i risked that it would again. And it did and i wish i had held while i went to the shops.
Hope this info. is of use.
Attached Image
All systems of divination, like music itself,work through patterns.
  • #273,920
  • Mar 11, 2011 8:12am Mar 11, 2011 8:12am
Quoting kaspopsicle
Trigger taken from 4HR. 15 feb double bottom support. Price had already broken down through today so i risked that it would again. And it did and i wish i had held while i went to the shops.
Hope this info. is of use.

i seegood point
Never again will fade the trend
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