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Cable Update (GBPUSD)

  • #276,181
  • Apr 13, 2011 1:12am Apr 13, 2011 1:12am
Quoting PoundTrader
the fight is on wormboy
That's the spirit!

oh goodie, it's bear burger day. check out my teeth
Thank You
  • #276,182
  • Apr 13, 2011 1:27am Apr 13, 2011 1:27am
Quoting wormboy
That's the spirit!

oh goodie, it's bear burger day. check out my teeth
90% of traders use TA, indicators and prediction
  • #276,183
  • Apr 13, 2011 1:31am Apr 13, 2011 1:31am
Quoting TauTrader
Good day,

Today?

1.6160 springs to mind. No longs on this for me. My position remains the same as yesterday. Would love to get an opportunity to sell in the 1.6280 to 1.6290 area.
Good call for short, 20 pips sofar !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #276,184
  • Apr 13, 2011 1:46am Apr 13, 2011 1:46am
Quoting TauTrader
Good day,

Today?

1.6160 springs to mind. No longs on this for me. My position remains the same as yesterday. Would love to get an opportunity to sell in the 1.6280 to 1.6290 area.

Some points of possible interest:


1) Daily open - 1.6251/2

2) Monday's low @ 1.6312

3) Monday's close @ 1.6342

4) S/R level that may block short term progress - 1.6226 - You want this to be cleared and hold as support turned resistance, should a short be your preferred direction.

5) The 50% line of the April price range - 1.6198/9

6) The target - 1.6160....
You should keep posting. I appreciate you analysis. I also would like more information on how you determine your entry points. Maybe you can start by explaining these.

"If you are inclined to trade long - 1.6226 to 1.6220 would be a good entry. If you are inclined to trade short - 1.6280 to 1.6290 would be a good entry."

Also a short trade you posted yesterday turned out to be quite accurate. I don't like to take signals blindly, but if you could explain exactly how you determine your entries and it coincides with my own entries, it would be great for extra confirmation.
  • #276,185
  • Apr 13, 2011 2:00am Apr 13, 2011 2:00am
hi,
few of you are predicting lows such as 1.61xxx today?
I hope so since I'm short but can I ask based on what you assume?
You expect all the GBP data coming out in few hours time to be bad enough to weake up the teddy bear?
maybe going long after this happens (if happens) because more USD news later on, which probably also not so good ?
  • #276,186
  • Apr 13, 2011 2:05am Apr 13, 2011 2:05am
Quoting sphinx8
hi,
few of you are predicting lows such as 1.61xxx today?
I hope so since I'm short but can I ask based on what you assume?
You expect all the GBP data coming out in few hours time to be bad enough to weake up the teddy bear?
maybe going long after this happens (if happens) because more USD news later on, which probably also not so good ?
Hello, do you trade the news? I just based my analysis on the current condition. From my experiences, news usually only serve as 5 minutes-1 hour booster but never to change the current trend. The trend will still be there no matter what kind of news are released. Probably other master can give you more informations since I'm not some kind of expert
  • #276,187
  • Apr 13, 2011 2:06am Apr 13, 2011 2:06am
Quoting sphinx8
hi,
few of you are predicting lows such as 1.61xxx today?
I hope so since I'm short but can I ask based on what you assume?
You expect all the GBP data coming out in few hours time to be bad enough to weake up the teddy bear?
maybe going long after this happens (if happens) because more USD news later on, which probably also not so good ?

i dont think are prediction.
it pure analyze on possible bottom n top areas where try to buy or sell

then news will move market in one direction or the other.
hope will not get both directions
90% of traders use TA, indicators and prediction
  • #276,188
  • Apr 13, 2011 2:09am Apr 13, 2011 2:09am
Quoting 0rPhioZ
Hello, do you trade the news? I just based my analysis on the current condition. From my experiences, news usually only serve as 5 minutes-1 hour booster but never to change the current trend. The trend will still be there no matter what kind of news are released. Probably other master can give you more informations since I'm not some kind of expert
good point but isn't the news cumulative setting the trend? meaning trend has to be based on some factor/data which is what the news are giving us - meaning longterm wise.

sure I can agree that news are always a 5 minute booster, but in many cases it shifts the price to a different zone for a few days....so...
  • #276,189
  • Apr 13, 2011 2:11am Apr 13, 2011 2:11am
Hello.

Long 1.6267 ( already +15 pips)

Good luck today, guys.

Josef
  • #276,190
  • Apr 13, 2011 2:18am Apr 13, 2011 2:18am
Quoting sphinx8
good point but isn't the news cumulative setting the trend? meaning trend has to be based on some factor/data which is what the news are giving us - meaning longterm wise.

sure I can agree that news are always a 5 minute booster, but in many cases it shifts the price to a different zone for a few days....so...
IMO, for some cases I would say so since the news empower the current trend so it will push the current trend far away. But when the news don't go along with the trend I feel like it's only act as cushion before the current trend becomes stronger. So my point is, if you have ride on the right wave before the news, you'll do just fine after that although there're some news that I won't even bother to follow.
  • #276,191
  • Apr 13, 2011 2:33am Apr 13, 2011 2:33am
Okay, we still don't see any angry bears too for the moment. The bulls are still quite persistent...
  • #276,192
  • Apr 13, 2011 2:44am Apr 13, 2011 2:44am
Quoting 0rPhioZ
Okay, we still don't see any angry bears too for the moment. The bulls are still quite persistent...
im one angry bear right now
  • #276,193
  • Apr 13, 2011 2:50am Apr 13, 2011 2:50am
Quoting 0rPhioZ
Okay, we still don't see any angry bears too for the moment. The bulls are still quite persistent...
I have all the angry bears in my back pocket
Thank You
  • #276,194
  • Apr 13, 2011 2:51am Apr 13, 2011 2:51am
Quoting PoundTrader
im one angry bear right now




that's my teeth
Thank You
  • #276,195
  • Apr 13, 2011 2:53am Apr 13, 2011 2:53am
wormboy don't make me jump thru this computer
  • #276,196
  • Apr 13, 2011 2:53am Apr 13, 2011 2:53am
http://www.forexfactory.com/showthre...47#post4541147
  • #276,197
  • Apr 13, 2011 2:55am Apr 13, 2011 2:55am
Quoting PoundTrader
wormboy don't make me jump thru this computer


okay but I warn you I'm gonna push this sunufabeech up so hard you gonna jump out your seat!
Thank You
  • #276,198
  • Apr 13, 2011 2:56am Apr 13, 2011 2:56am
Quoting TauTrader
Good day,

Today?

1.6160 springs to mind. No longs on this for me. My position remains the same as yesterday. Would love to get an opportunity to sell in the 1.6280 to 1.6290 area.

Some points of possible interest:


1) Daily open - 1.6251/2

2) Monday's low @ 1.6312

3) Monday's close @ 1.6342

4) S/R level that may block short term progress - 1.6226 - You want this to be cleared and hold as support turned resistance, should a short be your preferred direction.

5) The 50% line of the April price range - 1.6198/9

6) The target - 1.6160....
Good Day TT ! Your post was made nearly 5 hours ago so there is room for change of mind but would you short this now that 1.6300 has been touched ?
IMO, shorts are for scalps - ala Manize - Congrats to him - no better Shorter than him here !

More Pips to you, Manize !
  • #276,199
  • Apr 13, 2011 2:57am Apr 13, 2011 2:57am
Quoting PoundTrader
wormboy don't make me jump thru this computer
  • #276,200
  • Apr 13, 2011 2:59am Apr 13, 2011 2:59am
Quoting wormboy


okay but I warn you I'm gonna push this sunufabeech up so hard you gonna jump out your seat!
cant wait to see this
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