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Cable Update (GBPUSD)

  • #279,521
  • May 18, 2011 8:55am May 18, 2011 8:55am
Quoting nAVIN2007
not dreaming bro it will happen....it might be even turning now..only problem is everything is either sitting on support or resistance..so its basically a coin toss..

sit on yur finger and dont do nothing..the trade has gone wrong..u just have to play it out..waiting wise

this whole zone 1.61-1.59 can produce a bounce to 1.67

need a bullish pin on 4hr to kick start


Hi There Nav. How r u doin.
Here a junior traders need guidance.

I just saw 1.6128 GBPUSD. do u think call buy will be great?
GBP seems getting low extremely straight within h4 x 2.

Will it bounce to 1.67 u reckon?

Cheers,
  • #279,522
  • May 18, 2011 8:59am May 18, 2011 8:59am
Quoting TauTrader
No need.

I am just looking to see if we will test lower extremes before a run up. This extreme, as per my personal view - is sitting @ 1.6140 for now. So I do expect a possible test of this area - 1.6140 - 1.6100.

from there - we will see.

BUT - we could just stop here and move back up.

It would be weird though...

regards
Good day,

discussed the current level yesterday.. We are there. So this the reason for my long building. As said - we do have room to 1.5500 on the weekly, but if I manage my money correctly here - I should profit from a move higher first.

Regards
  • #279,523
  • May 18, 2011 9:00am May 18, 2011 9:00am
Quoting sierra
6320 will emerge soon..
I support you in this . . .more out of hope than conviction!
  • #279,524
  • May 18, 2011 9:06am May 18, 2011 9:06am
Quoting TauTrader
Good day to you, Bro

I see sh*t... - too many dark Jamaican Rums in my system at the moment.

Nah - I see a move up first... over the next few days. Gonna take that risk. 1.6500 - 1.6600 possibly.

Keep on walking

Regards to you


hope u wrong about 1.55..if it go there im buying..straight
good to see u around
  • #279,525
  • May 18, 2011 9:10am May 18, 2011 9:10am
good day to all senior .... now confirm revesal
Attached Image
  • #279,526
  • May 18, 2011 9:11am May 18, 2011 9:11am
Quoting solofx1
I support you in this . . .more out of hope than conviction!
Fully Support that number.
Cannot wait to see that price anytime soon.

GO GBP
  • #279,527
  • May 18, 2011 9:19am May 18, 2011 9:19am
Quoting nAVIN2007

hope u wrong about 1.55..if it go there im buying..straight
good to see u around
Good day to you,

Did not say 1.5500 will be reached. Just have the extremes plotted...1.6800 top and 1.5500 bottom on the weekly. 1.6140 - 1.6100 bottom on the daily with a current top @ 1.6550 - 1.6600 on the daily.

4hr bottom extreme @ 1.6120 - 1.6000 and top @ 1.6270 - 1.6290

these do change with time - but gottaz applyz what we havz

Pick your poison..

All the best to you
  • #279,528
  • May 18, 2011 9:28am May 18, 2011 9:28am
and 133.20 will emerge soon for geppy
Be a sniper not a jumper
  • #279,529
  • May 18, 2011 9:48am May 18, 2011 9:48am
Quoting netfrofit
good day to all senior .... now confirm revesal
good day to all seniors

good one
  • #279,530
  • May 18, 2011 9:51am May 18, 2011 9:51am
Quoting TauTrader
Good day to you,

Did not say 1.5500 will be reached. Just have the extremes plotted...1.6800 top and 1.5500 bottom on the weekly. 1.6140 - 1.6100 bottom on the daily with a current top @ 1.6550 - 1.6600 on the daily.

4hr bottom extreme @ 1.6120 - 1.6000 and top @ 1.6270 - 1.6290

these do change with time - but gottaz applyz what we havz

Pick your poison..

All the best to you
u doing great damn good entry id have enter but already in drawdown and the mofo react well in opposite direction when i place a position

if tomorrow is an up day we sweet..the barby on friday gonna taste good
  • #279,531
  • May 18, 2011 10:23am May 18, 2011 10:23am
Quoting nAVIN2007
u doing great damn good entry id have enter but already in drawdown and the mofo react well in opposite direction when i place a position

if tomorrow is an up day we sweet..the barby on friday gonna taste good
Good day to you,

. Next time you enter, PM me then I go heavy opposite. We can then split the dosh...

Then again - it happens to me too....

Well - I'm gonna ride this long out. Enty areas posted earlier. Bring it!

Regards
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  • #279,532
  • May 18, 2011 10:24am May 18, 2011 10:24am
Hi all

Well I did predict this didn't I? I said yesterday that the greedy MM's would want to take out all the stops below 16150 and Bob's your uncle it happened on cue!!

Anyway I only traded my demo account today cause I also bought the Pound this morning. Nice kick in the pants and a reminder to TRADE THE STOP LOSS HUNTS please don't forget that cardinal rule!!!!!!!

Rgds to all
  • #279,533
  • May 18, 2011 10:26am May 18, 2011 10:26am
Hi all....how about Member Fisher Speak and FOMC Meeting within the next several hours ahead..???

Will bring GBP up or down..?? Any ideas..?? please share....
"sharing knowledge make us more rich"
  • #279,534
  • May 18, 2011 10:32am May 18, 2011 10:32am
Just thought I'd mention the obvious fact that the Euro was much stronger then the Pound today against the Dollar - In view of that guys, why are we not longing the EURGBP pair - a no brainer!!

rgds
  • #279,535
  • May 18, 2011 10:34am May 18, 2011 10:34am
im waiting for redbeben's words.. need some clue for my trading compass...

as for now still got room to go until 1.59...
  • #279,536
  • May 18, 2011 10:37am May 18, 2011 10:37am
Quoting jmtini
Just thought I'd mention the obvious fact that the Euro was much stronger then the Pound today against the Dollar - In view of that guys, why are we not longing the EURGBP pair - a no brainer!!

rgds
Good day to you,

Actually a good time to short this pair now...

Regards
  • #279,537
  • May 18, 2011 11:05am May 18, 2011 11:05am
Quoting TauTrader
Good day to you,

Actually a good time to short this pair now...

Regards
Sorry maybe I should have said it WAS a good day to long EURGBP however better to wait for clear signal (preferable on 1 hr chart)- bearish candle before going the other way on any trading pair.

rgds
  • #279,538
  • May 18, 2011 11:29am May 18, 2011 11:29am
Quoting TauTrader
Good day to you,

. Next time you enter, PM me then I go heavy opposite. We can then split the dosh...

Then again - it happens to me too....

Well - I'm gonna ride this long out. Enty areas posted earlier. Bring it!

Regards
Good day,

Hate to say this... I am closing my long. Not convinced as yet. Could be wrong. Stepping aside and will be looking at other pairs in the interim.

Regards
  • #279,539
  • May 18, 2011 12:36pm May 18, 2011 12:36pm
hi guys, just looking at my chart, just want to see if im reading off the same hymn sheet...iv got support or demand zone at 1.6000 to 1.5950 area, and resistance at 1.6372...and the 50% retracement of the rally from dec end to now is at 1.6048...

so assuming that it will test 1.6050 as 50% fib level, but demand at 1.60 region and if it falls thru there then 1.5881/837...
  • #279,540
  • May 18, 2011 12:56pm May 18, 2011 12:56pm
we shall see a little retrace perhaps
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