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Cable Update (GBPUSD)

  • #278,461
  • May 5, 2011 1:06pm May 5, 2011 1:06pm
Good day, finally finish all my trades for today. I lose some 350-400 pips this week. I realize that NFP week can be account killer (I thought it's just the NFP itself LOL). Anyway, I have tried to fight this week and I learn about ranged markets, adjusting my plans to avoid news, and I get so many charts for learning thanks to you all. I won't participate tomorrow because NFP have damaged me once last month so I'll just sit and watch the market. I need to revise my systems too. See you tomorrow.
  • #278,462
  • May 5, 2011 1:17pm May 5, 2011 1:17pm
1,64 broke
  • #278,463
  • May 5, 2011 1:47pm May 5, 2011 1:47pm
finally I was revenged by the 95 line

waiting for more down ....as we closed under 485 line ....or at least I hope so

I think I will stay awake tonight and guard the asians....they might try to steal from my profit but I will be the profit keeper (meaning that if they strike I will panic and close all my shorts)

pray for me,I'm gonna fight the ninja's tonight
  • #278,464
  • May 5, 2011 1:47pm May 5, 2011 1:47pm
redB - hope you had a good dinner and now the bowl can say what the NY closing will be?
  • #278,465
  • May 5, 2011 1:50pm May 5, 2011 1:50pm
Quoting redbeben
finally I was revenged by the 95 line

waiting for more down ....as we closed under 485 line ....or at least I hope so

I think I will stay awake tonight and guard the asians....they might try to steal from my profit but I will be the profit keeper (meaning that if they strike I will panic and close all my shorts)

pray for me,I'm gonna fight the ninja's tonight
even if the Ninjas take the cable up there is still that second big drop right?
meaning I still need to dump my crappy 1.618 short at some point, do not want to miss out...........
  • #278,466
  • May 5, 2011 1:56pm May 5, 2011 1:56pm
Breakout! Next resistance is @634
  • #278,467
  • May 5, 2011 1:56pm May 5, 2011 1:56pm
OMG RedB!!! ain't salad in your bowl for sure, more like a SuperBowl

wow, you see this... I'm out of the $hit.... sweet..... now to watch for nice long entry
  • #278,468
  • May 5, 2011 1:57pm May 5, 2011 1:57pm
Quoting sphinx8
redB - hope you had a good dinner and now the bowl can say what the NY closing will be?
talking about that.did I say 1.6380 ? yes I did...but I forgot the next TP down

can anyone remind me what was that ?
  • #278,469
  • May 5, 2011 2:01pm May 5, 2011 2:01pm
Quoting redbeben
talking about that.did I say 1.6380 ? yes I did...but I forgot the next TP down

can anyone remind me what was that ?

1.625 ?
  • #278,470
  • May 5, 2011 2:03pm May 5, 2011 2:03pm
now would be good to spot the right entry for EUR and also GU.....
maybe after NY closes smelling the Asians can push it up again a bit adn tomorrow after news down again?
  • #278,471
  • May 5, 2011 2:09pm May 5, 2011 2:09pm
Quoting sphinx8
now would be good to spot the right entry for EUR and also GU.....
maybe after NY closes smelling the Asians can push it up again a bit adn tomorrow after news down again?

hello again
you don't convince me with that level
I want 1.6290 frankly and later 1.6245
  • #278,472
  • May 5, 2011 2:33pm May 5, 2011 2:33pm
Quoting redbeben
hello again
you don't convince me with that level
I want 1.6290 frankly and later 1.6245
I had thw word "what level"missing out
yeah seems like 1.62 might be coming soon

was feeling can get a 1st good night sleep tonight but Asian reaction seems to be very tempting to watch/possibly play
  • #278,473
  • May 5, 2011 3:33pm May 5, 2011 3:33pm
hello all,
finally the big move came as lot of times near day ends.
im not on my pc i have not all my charts, but on a fast check i see
.we are straight below 61,8% retrace from 6160-6744,
.price reached h4 200 ema without significant pullback
.broke also a daily trendline which supported 5970 n 6160
.weekly candle is very big black
.monthly candle says until 6300 (near) its all ok

am i forgettin something?
comments are welcome
90% of traders use TA, indicators and prediction
  • #278,474
  • May 5, 2011 3:36pm May 5, 2011 3:36pm
Quoting redbeben
I would like to thank to all the gremlins and lepricots that helped me in this calculation.....nevertheless the 600 pips down is not finished yet so cannot be happy or not yet.
if the 600 will be all the way to the end then I will be dead drunk

I still expect a pullback from 1.6390 area but it should be contained by 1.6480-1.65 area.
or me might as well go all the way down even if the market is already oversold on TFS up to H4,Daily right on the verge to be oversold but W still a loooong way down to go.


for GJ I will wait untill tmr...
hello
sorry for delay i was busy...
reading your post seem 6485 is soooo far now!
i thought to find price above 6400 while went straight down.
gosh

any way, good week for bears.
this weekend, bull's BBQ for all traders
90% of traders use TA, indicators and prediction
  • #278,475
  • May 5, 2011 3:39pm May 5, 2011 3:39pm
Quoting 0rPhioZ
Good day, finally finish all my trades for today. I lose some 350-400 pips this week. I realize that NFP week can be account killer (I thought it's just the NFP itself LOL). Anyway, I have tried to fight this week and I learn about ranged markets, adjusting my plans to avoid news, and I get so many charts for learning thanks to you all. I won't participate tomorrow because NFP have damaged me once last month so I'll just sit and watch the market. I need to revise my systems too. See you tomorrow.
hello,
gosh im very sorry you lost those pips, i hope was few money x pip
when i get a loss, usually the follow trades i go with half or 30% amount, until i recover the wave....
tomorrow i won't trade too, but will check charts after asia moves.
have a good week end, bybye
90% of traders use TA, indicators and prediction
  • #278,476
  • May 5, 2011 3:47pm May 5, 2011 3:47pm
Quoting TauTrader
Good day to you,

I expect to profit from a long position I am building. My 1st entry went in long as per my previous post. 1.6375 is where I will place my second long. If we get there.

So - I am not expecting GU to go straight down. I am expecting a move higher first - this is the move I plan to trade. 1.6340 is possible as I have a final 1/3 entry planned for 1.6315 -if the need arise.

I can not tell you if price will remain above 1.6400. I can not tell you if we will reach 1.6375. I can not tell you if we will reach 1.6315. It is possible...

good evening,
happy to see you again here!

i notice you already start the "buy mode"
im searching extreme levels. i think 6340-6300 range can be some good barrier.
for a while im in "wait mode", would like to see a significant pullback in h1
as always, only time will tell
90% of traders use TA, indicators and prediction
  • #278,477
  • May 5, 2011 3:50pm May 5, 2011 3:50pm
Quoting ams
Good luck TT... I am with you...might have to wait hrs, days but it'll be ok in the end I reckon
hello,
right today i was asking where were you, tautrader, poundtrader etcc.....
all disappeared this week!
nice to see you here
90% of traders use TA, indicators and prediction
  • #278,478
  • May 5, 2011 4:02pm May 5, 2011 4:02pm
yeah, give the massive movements it has been quiet here today

anybody going to be up for Asia or will get done by auto entries - scary
  • #278,479
  • May 5, 2011 4:36pm May 5, 2011 4:36pm
Quoting sphinx8
yeah, give the massive movements it has been quiet here today

anybody going to be up for Asia or will get done by auto entries - scary
I give up
don't wanna fight ninja's nomore
  • #278,480
  • May 5, 2011 4:38pm May 5, 2011 4:38pm
Quoting redbeben
I give up
don't wanna fight ninja's nomore
so what, any pos open or entries keyed in? I'm still itching to go long....
coz I think the US employment data will be crap since all the other employment related data this week were also crap............
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