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Cable Update (GBPUSD)

  • #275,541
  • Apr 6, 2011 4:14am Apr 6, 2011 4:14am
Quoting Mrleeforex
I'm riding the bear with estimated TP @16150 , who's with me ?

me too on the bear but 6150 looks too far 4the moment
there are a lot of supports before there down
1st main is 6250

lets see
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  • #275,542
  • Apr 6, 2011 4:25am Apr 6, 2011 4:25am
I'm riding the bear too, since ... ahw I was just writing I was riding the bear but the small retrace upwards took out my stop @ 62850. Didn't put my stop @ BE (which would have been 63150).

Well I still made 30 pips I guess I should have not put my stop that close to the current price (20 pips above lowest point so far)
  • #275,543
  • Apr 6, 2011 4:28am Apr 6, 2011 4:28am
Quoting _BBKing_
me too on the bear but 6150 looks too far 4the moment
there are a lot of supports before there down
1st main is 6250

lets see
we will see that in US session , perhaps logically speaking it would be a profit taking for tomorrow interest rate Hike (possibility)
so I estimate the reversal pattern will be occurred around 16150 -200 range.

and again it's only based on my assumption.

we will see how the bear goes

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  • #275,544
  • Apr 6, 2011 4:28am Apr 6, 2011 4:28am
wouldnt it be better for the market to head to 1.64 just to screw over the shorts before dropping...i sincerely doubt the BOE would want to raise rates tmrw, hence a drop occurs maybe to 1.6 or 1.57 over next few weeks, then in may raise the rates, send cable to 1.70
  • #275,545
  • Apr 6, 2011 4:41am Apr 6, 2011 4:41am
This is what I see now.... any opinion.?
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  • #275,546
  • Apr 6, 2011 5:03am Apr 6, 2011 5:03am
My opinion is that in retrospect I'm happy I put my profit stop so close to actual price. At least I made some pips
  • #275,547
  • Apr 6, 2011 5:07am Apr 6, 2011 5:07am
Quoting Johnny Depp
This is what I see now.... any opinion.?
please explain what exactly do you see?
  • #275,548
  • Apr 6, 2011 5:22am Apr 6, 2011 5:22am
Quoting Johnny Depp
This is what I see now.... any opinion.?
Bulls will continue to play the game.

Long at 1.6285!
  • #275,549
  • Apr 6, 2011 5:39am Apr 6, 2011 5:39am
Quoting FXtime
please explain what exactly do you see?
I just want your opinion.... If u ask me back... then my answer is.. to stay on the sideline....
  • #275,550
  • Apr 6, 2011 5:42am Apr 6, 2011 5:42am
Quoting josef
Bulls will continue to play the game.

Long at 1.6285!
short moves up and down are normal in this situation.we need to balance the market in order to have the reversal to 1.62-1.617X possible on all TFS

At least this is how I see it with the strategy I am using
  • #275,551
  • Apr 6, 2011 6:02am Apr 6, 2011 6:02am
Not trading today as i was busy shopping.
Just burned 4,500USD for a brand new computer to trade Forex on + play games.
To Your Success!!
  • #275,552
  • Apr 6, 2011 6:03am Apr 6, 2011 6:03am
Quoting redbeben
short moves up and down are normal in this situation.we need to balance the market in order to have the reversal to 1.62-1.617X possible on all TFS

At least this is how I see it with the strategy I am using
well... for me... H4 and Daily chart r still maintaining a bullish trend but on H1 its performing bearish.... thats why I need an opinion... and thats is why im stay off the market for a while... anyway thanx for your opinion..
  • #275,553
  • Edited 6:11am Apr 6, 2011 6:07am | Edited 6:11am
Quoting Johnny Depp
well... for me... H4 and Daily chart r still maintaining a bullish trend but on H1 its performing bearish.... thats why I need an opinion... and thats is why im stay off the market for a while... anyway thanx for your opinion..
In my opinion.. The USD-index is still bearish and as i type its still falling.

So... going short right now would be risky until USD-index confirms its getting bullish again. This could just be a retrace move on gbpusd with some sellers pushing the retrace more harder.

Dunno... USD-index will tell more.. But if your signals turn up long on gbpusd... maybe worth a try with stoploss at the days low.
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To Your Success!!
  • #275,554
  • Apr 6, 2011 6:10am Apr 6, 2011 6:10am
Quoting ndsouz
Not trading today as i was busy shopping.
Just burned 4,500USD for a brand new computer to trade Forex on + play games.
buy a UPC as well and better buy a laptop with UPC as well and a USB modem just in case the grid crashes while you are caught with your big lots opened and no TP

for me this is the next step.first step will be achieved today as I will buy me a smartphone to have the platform with me all the time
  • #275,555
  • Apr 6, 2011 6:15am Apr 6, 2011 6:15am
Quoting redbeben
buy a UPC as well and better buy a laptop with UPC as well and a USB modem just in case the grid crashes while you are caught with your big lots opened and no TP

for me this is the next step.first step will be achieved today as I will buy me a smartphone to have the platform with me all the time
HEHE... UPS will be useless as my new computer needs a 1200watt powersupply just to run. But yeah.. Dell Vostro lappy is next on my mind.. maybe next week after im done assembling my new rig this week.
USB wireless broadband for backup.. i just got that a week ago
To Your Success!!
  • #275,556
  • Apr 6, 2011 6:23am Apr 6, 2011 6:23am
Quoting ndsouz
HEHE... Dell Vostro lappy is next on my mind.. maybe next week after im done assembling my new rig this week.
I got the vostro 3300 about a month ago. Small laptop with all the bells and whistles that I need/wanted. I like it!
  • #275,557
  • Apr 6, 2011 6:29am Apr 6, 2011 6:29am
Quoting AllyB
I got the vostro 3300 about a month ago. Small laptop with all the bells and whistles that I need/wanted. I like it!
im looking for the vostro 3750 with the 17inch screen and the 1650x900 ... should be enough screen space to put four charts.

...
http://www.dell.com/us/business/p/vostro-3750/pd
BTW look at what the slogan says..

I forgot.. this is the one has the numeric keypad... i need that to punch SL and TP
To Your Success!!
  • #275,558
  • Apr 6, 2011 6:32am Apr 6, 2011 6:32am
Quoting josef
Bulls will continue to play the game.

Long at 1.6285!
I'm still holding the bear , I guess it's just a retracement

Be Cautious sometimes market can just fool you in couple minutes movement

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  • #275,559
  • Apr 6, 2011 6:34am Apr 6, 2011 6:34am
Quoting ndsouz
im looking for the vostro 3750 with the 17inch screen and the 1650x900 ... should be enough screen space to put four charts.
I was tempted to go that route but I wanted it mainly for travel. Hate carrying a big laptop around.
  • #275,560
  • Apr 6, 2011 6:36am Apr 6, 2011 6:36am
Quoting ndsouz
im looking for the vostro 3750 with the 17inch screen and the 1650x900 ... should be enough screen space to put four charts.

...
http://www.dell.com/us/business/p/vostro-3750/pd
BTW look at what the slogan says..

I forgot.. this is the one has the numeric keypad... i need that to punch SL and TP

Serious power for your serious business!!!



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