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Cable Update (GBPUSD)

  • #279,841
  • May 23, 2011 8:12am May 23, 2011 8:12am
Quoting josef
Hello, Guys.

I went long at 1.6115 - what to you think about this?
yo,i also bought at demand, but even closed it with +17
Hero calls followed by margin calls...
  • #279,842
  • May 23, 2011 8:12am May 23, 2011 8:12am
Quoting josef
Hello, Guys.

I went long at 1.6115 - what to you think about this?

same here, and many more longs more above as well

what is the TP we aim here? 1.625-1.630 ? or we take a ride all the wait to 1.65x + ?
  • #279,843
  • May 23, 2011 8:17am May 23, 2011 8:17am
Quoting sphinx8
same here, and many more longs more above as well

what is the TP we aim here? 1.625-1.630 ? or we take a ride all the wait to 1.65x + ?
hmm daily trend is down. 65xx will be very hard one. dont have any stops?
Hero calls followed by margin calls...
  • #279,844
  • May 23, 2011 8:19am May 23, 2011 8:19am
Quoting PhAnTi'
hmm daily trend is down. 65xx will be very hard one. dont have any stops?

no stops, I play big lots, big pips, long time.....
come one, Us is in such shit with their debt, dolar has to go down a bit sooner or later
  • #279,845
  • May 23, 2011 8:22am May 23, 2011 8:22am
Quoting sphinx8
no stops, I play big lots, big pips, long time.....
come one, Us is in such shit with their debt, dolar has to go down a bit sooner or later
.... ^^ big lots = stops

otherwise ouch.
Hero calls followed by margin calls...
  • #279,846
  • May 23, 2011 8:22am May 23, 2011 8:22am
im just looking at the hourly...uv got a demand zone around 1.6100 where cable keeps bouncing, but isnt the current candle pattern forming a "falling three" pattern...so continuation downwards...or am i incorrect on the pattern due to the large wicks on the last 3 candles
  • #279,847
  • May 23, 2011 8:23am May 23, 2011 8:23am
Quoting PhAnTi'
.... ^^ big lots = stops

otherwise ouch.
sure, everything is possible.
I believe if one plays withinh reasonable chanel it will go to profit sooner or later....
  • #279,848
  • May 23, 2011 8:28am May 23, 2011 8:28am
Quoting PhAnTi'
navin !

sry, even fixed it... i missclicked in my chartfolder which looks like :

Attachment
  • #279,849
  • May 23, 2011 8:37am May 23, 2011 8:37am
bought again at demand....

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 145 KB
Hero calls followed by margin calls...
  • #279,850
  • May 23, 2011 8:41am May 23, 2011 8:41am
Quoting PhAnTi'
bought again at demand....

Attachment
closed +10
Hero calls followed by margin calls...
  • #279,851
  • May 23, 2011 8:43am May 23, 2011 8:43am
Quoting PhAnTi'
closed +10
ok,bit early tough.... -.- ^^
Hero calls followed by margin calls...
  • #279,852
  • May 23, 2011 8:46am May 23, 2011 8:46am
Quoting PhAnTi'
bought again at demand....

Attachment
Agree with your decision.
  • #279,853
  • May 23, 2011 8:58am May 23, 2011 8:58am
i just feel bears strength in the air. to 1.60 to just touch weekly downtrend line, then boom up
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 98 KB
  • #279,854
  • May 23, 2011 9:03am May 23, 2011 9:03am
Hello guys,
I created one video about my view on Cable.I must say buyers be carefull in mid term.My setups are safe on BE now and we will see future market...

Inserted Video



Wish you good trading

Petar
"Buy on fear, sell on greed !!!
  • #279,855
  • May 23, 2011 9:11am May 23, 2011 9:11am
I wouldn't put too much hope in long profit targets past 6180. I'm selling at 6175 going for 6000
  • #279,856
  • May 23, 2011 9:11am May 23, 2011 9:11am
Quoting megaqujik
i just feel bears strength in the air. to 1.60 to just touch weekly downtrend line, then boom up
could be double bottom occured in TF4? If happen it might price will go to 1.6235 or doji for today daily closed..and we sell again...hahaha
  • #279,857
  • May 23, 2011 9:34am May 23, 2011 9:34am
Quoting nAVIN2007
I wish i had yur discipline u showing right here
Good day to you,

Too much is also not good. Just looking for that last little push lower - but it's not coming so far....I therefor could lose out on a long here...

Time will tell

All the best
  • #279,858
  • May 23, 2011 9:46am May 23, 2011 9:46am
hello all
i am 'scalping' those waves in m5

i see some reaction happening
if not up from here, won't go far in down imo
Attached Image (click to enlarge)
Click to Enlarge Name: gusdm5.gif Size: 29 KB
90% of traders use TA, indicators and prediction
  • #279,859
  • May 23, 2011 9:49am May 23, 2011 9:49am
Quoting Petar_Serbia
Hello guys,
I created one video about my view on Cable.I must say buyers be carefull in mid term.My setups are safe on BE now and we will see future market...

http://www.youtube.com/watch?v=jMYutS9T5cE


Wish you good trading

Petar
very good
90% of traders use TA, indicators and prediction
  • #279,860
  • May 23, 2011 9:50am May 23, 2011 9:50am
Quoting monkey@forex
im just looking at the hourly...uv got a demand zone around 1.6100 where cable keeps bouncing, but isnt the current candle pattern forming a "falling three" pattern...so continuation downwards...or am i incorrect on the pattern due to the large wicks on the last 3 candles
Hey monkey - yes it was a falling 3 pattern. As far as I'm aware, it was still valid but it's bearish strength was lessened once the wick of the third candle went beyond the low wick of the big candle. Still, if you went short on the opening of the 4th candle, you would have got a solid pip return.

Good spot, this is the kind of candlestick analysis that we need on this thread.
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