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Cable Update (GBPUSD)

  • #279,201
  • May 15, 2011 5:18pm May 15, 2011 5:18pm
ok time for a small size counter trend buy buy now off the 15 min 61.8 retrace up to 62
  • #279,202
  • May 15, 2011 5:29pm May 15, 2011 5:29pm
Quoting Phil Warran
ok time for a small size counter trend buy buy now off the 15 min 61.8 retrace up to 62
VERY TIGHT STOP
  • #279,203
  • May 15, 2011 7:48pm May 15, 2011 7:48pm
Quoting sphinx8
what is considered as mid term in forex?

6months? or 3 months?

I consider is 3-4 months... look at how long the Gu moved from 6044 area to 6426 area... was a great trading experience
  • #279,204
  • May 15, 2011 8:20pm May 15, 2011 8:20pm
so far I don't see any indications for reversal trend yet. GU possibly move towards 16045
{Promotion Removed}
  • #279,205
  • May 15, 2011 9:04pm May 15, 2011 9:04pm
Right now it's on the retrace stage. there is possibility that GU will go up
{Promotion Removed}
  • #279,206
  • Edited 10:34pm May 15, 2011 9:59pm | Edited 10:34pm
Quoting Mrleeforex
so far I don't see any indications for reversal trend yet. GU possibly move towards 16045
What about this standard indicator? there is divergence on RSI
  • #279,207
  • May 15, 2011 10:56pm May 15, 2011 10:56pm
Good day, guys. As always, ninja session is the slowest session so for now no confirmation for me. But if we just look from the condition during this session up till now it appears that bulls will not allow down move to go lower but they have no strength to pull it up either, almost the same as Friday where bulls fought with bears but this time I haven't seen any bulls retaliation.
  • #279,208
  • May 16, 2011 12:13am May 16, 2011 12:13am
Quoting zoolc
What about this standard indicator? there is divergence on RSI
The Market has moved to uncertainty (sideway) for now. I have closed all my positions
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  • #279,209
  • May 16, 2011 12:20am May 16, 2011 12:20am
Quoting Mrleeforex
Right now it's on the retrace stage. there is possibility that GU will go up
small lots.
Attached Image
A chart helps those who can read it.
  • #279,210
  • May 16, 2011 12:20am May 16, 2011 12:20am
No trade is the best trade for current condition
Life is about choosing... Long or Short... Discipline and consistency
  • #279,211
  • May 16, 2011 12:41am May 16, 2011 12:41am
Morning all. Very tight range for the Asian session. It's not often we get one of those on this pair. I'll be trading the straddle from here.
Gone to a better place
  • #279,212
  • May 16, 2011 12:47am May 16, 2011 12:47am
Quoting geniusztc
small lots.
first trade of this week. good luck .
Attached Image (click to enlarge)
Click to Enlarge Name: SN5R@}HG4LUNG(TM0ZTG81E.jpg Size: 13 KB
A chart helps those who can read it.
  • #279,213
  • May 16, 2011 12:51am May 16, 2011 12:51am
Quoting geniusztc
first trade of this week. good luck .
what you are doing is scalping. I'm not trading scalping . I only trade longer period whereby I can leave my computer shut down. and check the progress whenever I want to. for the one who do scalping I don't encourage you to follow my advise

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  • #279,214
  • May 16, 2011 12:57am May 16, 2011 12:57am
Quoting Mrleeforex
what you are doing is scalping. I'm not trading scalping . I only trade longer period whereby I can leave my computer shut down. and check the progress whenever I want to. for the one who do scalping I don't encourage you to follow my advise

no no no ,i am not scalping .actually ,i like long term order .but ,i also know ,never let a green order to a red order .so i closed my order . good luck .
A chart helps those who can read it.
  • #279,215
  • May 16, 2011 1:23am May 16, 2011 1:23am
hello all
linear range 6164-6190

above will see 6205-6230 max 6250
below will see 6145-6090 max 6060

90% of traders use TA, indicators and prediction
  • #279,216
  • Edited 1:29am May 16, 2011 1:23am | Edited 1:29am
Hi all

This morning situation shows some Euro and cable strength. I think it could go up to pivot point of 16216/20 before heading back down. Maybe get to 16250 just have to watch for good candle signal.
  • #279,217
  • May 16, 2011 1:42am May 16, 2011 1:42am
sell stop 6161 2xtgt 6149 n 6115?
90% of traders use TA, indicators and prediction
  • #279,218
  • May 16, 2011 1:49am May 16, 2011 1:49am
Sorry I could be wrong as cable looks really weak. Never did like Monday trading!

However have bought EURGBP as nice time to buy the pair when one of the currencies is obviously stronger then the other!
  • #279,219
  • May 16, 2011 2:08am May 16, 2011 2:08am
Grabbed a half stake Asian short at 6186, hoping to get the other half at a London short of 6210.
  • #279,220
  • May 16, 2011 3:19am May 16, 2011 3:19am
My stops are now at BE on 1st half of my straddle trade.
Gone to a better place
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