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Cable Update (GBPUSD)

  • #278,941
  • May 11, 2011 1:57pm May 11, 2011 1:57pm
so nobody really knows.
i think i have seen few times moves like these

one fast move up
one fast move down

one of those moves is a lie.
only time will tell.

i think today has done a dirty dirty dirty job to trigger stops and reset some ranges........
meanwhile im stilll waitin an entry on usd jpy.
90% of traders use TA, indicators and prediction
  • #278,942
  • May 11, 2011 2:01pm May 11, 2011 2:01pm
Guess what place buy 1.6325 t.p 1.670-75, i have limit order waiting there with s.l @1.6412 for another short t.p 1.6290 or 1.6300 on dot. All this within 2hrs to complete


Quoting nAVIN2007
never a dull moment..do u think trend has changed on usd..lol
any idea why usd gaining so much this afternoon..?
  • #278,943
  • Edited 2:12pm May 11, 2011 2:02pm | Edited 2:12pm
Quoting nAVIN2007
never a dull moment..do u think trend has changed on usd..lol
any idea why usd gaining so much this afternoon..?
hello
this is what isee on my usdx daily chart

bus - stop is 75.84 (near)

clear reasons for this upward:
...i would like to have a 1trillion account and push some moves there around like someone is doing since last year's meeting about "currencies war"...
Attached Image (click to enlarge)
Click to Enlarge Name: usdxd1.gif Size: 21 KB
90% of traders use TA, indicators and prediction
  • #278,944
  • May 11, 2011 2:09pm May 11, 2011 2:09pm
More than 490 pips today, not too bad...
  • #278,945
  • May 11, 2011 2:17pm May 11, 2011 2:17pm
I go with short as fake but time woul tell in 2hrs

Quoting _BBKing_
so nobody really knows.
i think i have seen few times moves like these

one fast move up
one fast move down

one of those moves is a lie.
only time will tell.

i think today has done a dirty dirty dirty job to trigger stops and reset some ranges........
meanwhile im stilll waitin an entry on usd jpy.
  • #278,946
  • May 11, 2011 2:29pm May 11, 2011 2:29pm
Quoting fendi
I go with short as fake but time woul tell in 2hrs
uhm...
why 2 hours?
90% of traders use TA, indicators and prediction
  • #278,947
  • May 11, 2011 2:39pm May 11, 2011 2:39pm
Thats close of 4hr n close 4 2day. dat close wld determine my entry.

Quoting _BBKing_
uhm...
why 2 hours?
  • #278,948
  • May 11, 2011 2:40pm May 11, 2011 2:40pm
Looking H4, I think down move will resume but I won't open any position because I need to sleep. So time will tell us whether it will resume or it will make reversal. See you later guys
  • #278,949
  • May 11, 2011 2:45pm May 11, 2011 2:45pm
Quoting fendi
Thats close of 4hr n close 4 2day. dat close wld determine my entry.
my h4 n daily closes in 4 hours... avafx gmt time
90% of traders use TA, indicators and prediction
  • #278,950
  • May 11, 2011 2:46pm May 11, 2011 2:46pm
Quoting 0rPhioZ
Looking H4, I think down move will resume but I won't open any position because I need to sleep. So time will tell us whether it will resume or it will make reversal. See you later guys
have a good rest
hope you are doing fine these days
90% of traders use TA, indicators and prediction
  • #278,951
  • May 11, 2011 2:49pm May 11, 2011 2:49pm
picked up few longs but damn scary to leave them open overnight for the Ninjas....... uff
  • #278,952
  • May 11, 2011 2:50pm May 11, 2011 2:50pm
grrr... dont tell me we go again in ranging into that shitty channel!!!!!!!!!
i lost 3 times on that.
Attached Image (click to enlarge)
Click to Enlarge Name: gusdh4.gif Size: 26 KB
90% of traders use TA, indicators and prediction
  • #278,953
  • May 11, 2011 2:53pm May 11, 2011 2:53pm
Quoting _BBKing_
have a good rest
hope you are doing fine these days
NFP week really messed me up, it's better this week because I got profit and I did better with my chart reading. I only trade GBP/USD and after this 2 years I see that it's not enough to trade only that single pair, sometimes I would push my luck eventhough signal doesn't show me anything. I am thinking of fixing that thing by trying EUR/USD or JPY counterparts. They obviously have different setup that I need to get used to. Now I go to sleep for real
  • #278,954
  • May 11, 2011 2:54pm May 11, 2011 2:54pm
I'm not giving anything away..... I hope we will be back to 1.645x level soon....
  • #278,955
  • May 11, 2011 3:01pm May 11, 2011 3:01pm
Quoting 0rPhioZ
NFP week really messed me up, it's better this week because I got profit and I did better with my chart reading. I only trade GBP/USD and after this 2 years I see that it's not enough to trade only that single pair, sometimes I would push my luck eventhough signal doesn't show me anything. I am thinking of fixing that thing by trying EUR/USD or JPY counterparts. They obviously have different setup that I need to get used to. Now I go to sleep for real
90% of traders use TA, indicators and prediction
  • #278,956
  • May 11, 2011 3:03pm May 11, 2011 3:03pm
Quoting sphinx8
I'm not giving anything away..... I hope we will be back to 1.645x level soon....
hello, the 64 area looks so far now...
i followorphioz and go to sleep
tomorrow new day
90% of traders use TA, indicators and prediction
  • #278,957
  • May 11, 2011 3:45pm May 11, 2011 3:45pm
U know g/u wld pull some surprises. I see uptrend and down from 2 diff angle. I think we go sideways 4 a while btw 1.6390 and 1.6320 -1.6312. I need to wait until that lower area is breached to confirm better entry.


Quoting _BBKing_
hello, the 64 area looks so far now...
i followorphioz and go to sleep
tomorrow new day
  • #278,958
  • May 11, 2011 4:11pm May 11, 2011 4:11pm
Quoting WanderingDan
Anyone have first hand experience of FXCM?

If so, what's your view?
Very good platform and very good support
  • #278,959
  • May 11, 2011 4:34pm May 11, 2011 4:34pm
As long as it stays over 1.62540 by I am Bullish, its still in the daily channel.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart.jpg Size: 169 KB
  • #278,960
  • May 11, 2011 5:20pm May 11, 2011 5:20pm
I was bullish, but after that 200 pip up.. 200 pip down and the look of that daily candle close, big pin closing near the lows. Looks like sellers, but we shall see.
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