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Cable Update (GBPUSD)

  • #286,281
  • Aug 15, 2011 5:04am Aug 15, 2011 5:04am
Quoting Flatfish
Would have been great but I closed scalp and then reshorted so effectively short from 1.6324- which doesn't look quite so clever now
USD rising but some idiot buying GBP too.....
Don't be a hero. Don't have an ego. Always question yourself
  • #286,282
  • Aug 15, 2011 5:12am Aug 15, 2011 5:12am
Sometimes I get lucky -Locked in gains at 1.6301 -looking for a move to the lows now I hope
  • #286,283
  • Aug 15, 2011 5:20am Aug 15, 2011 5:20am
Closed at 1.6293 (+33). Will Look for another short over 1.63
  • #286,284
  • Aug 15, 2011 5:21am Aug 15, 2011 5:21am
Quoting USD-Bear
Trying a short @ 1.6311

Attachment

stop @ BE
Don't be a hero. Don't have an ego. Always question yourself
  • #286,285
  • Aug 15, 2011 5:24am Aug 15, 2011 5:24am
Quoting USD-Bear
USD rising but some idiot buying GBP too.....
naa... i think these are simply moves to put price in good supply area by some big one
90% of traders use TA, indicators and prediction
  • #286,286
  • Aug 15, 2011 5:27am Aug 15, 2011 5:27am
levels worked out very well!

i take a brake.. see you all for NY
Attached Image (click to enlarge)
Click to Enlarge Name: guh1.gif Size: 30 KB
90% of traders use TA, indicators and prediction
  • #286,287
  • Aug 15, 2011 5:29am Aug 15, 2011 5:29am
Think US might start off buying it, with the old stocks/forex risk on/off BS the guys are pumping at the moment. But can see some decent downside due today. Still hopefull but could see this 70 pip range lasting all day
  • #286,288
  • Aug 15, 2011 5:32am Aug 15, 2011 5:32am
http://img17.imageshack.us/img17/4735/guh3pb.png

this H3 almost complete PB will reinforce shorts for sure, however I just see a lot of indecision, so prolly will just ride a straddle now.

Also option-wise, a strong put level lies @ 5900 so that might be the dragging force on the downmove. Now just to decide the direction.
  • #286,289
  • Aug 15, 2011 5:39am Aug 15, 2011 5:39am
Cable again trying to close the hourly below the 50%. Channel resistence seems to be holding. With definite signs of momentum decreasing. Shorting near the high the lowest risk trade I can see today.
Attached Image (click to enlarge)
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  • #286,290
  • Aug 15, 2011 5:41am Aug 15, 2011 5:41am
Quoting _BBKing_
naa... i think these are simply moves to put price in good supply area by some big one
the bastards.......
Don't be a hero. Don't have an ego. Always question yourself
  • #286,291
  • Aug 15, 2011 5:43am Aug 15, 2011 5:43am
Quoting _BBKing_
do you think she will be enough?!
seeing this picture every time makes my day.......
Don't be a hero. Don't have an ego. Always question yourself
  • #286,292
  • Aug 15, 2011 6:02am Aug 15, 2011 6:02am
Failure to hold below 50% and psych 1.63 area means cable still targeting upside. Will wait till 1.6340-50 area for next trade.
  • #286,293
  • Aug 15, 2011 6:26am Aug 15, 2011 6:26am
Quoting Flatfish
Failure to hold below 50% and psych 1.63 area means cable still targeting upside. Will wait till 1.6340-50 area for next trade.

what if?
Keep the Lights on then you can catch the rise from the dark.
  • #286,294
  • Aug 15, 2011 6:31am Aug 15, 2011 6:31am
Quoting USD-Bear
seeing this picture every time makes my day.......
90% of traders use TA, indicators and prediction
  • #286,295
  • Aug 15, 2011 6:35am Aug 15, 2011 6:35am
Quoting ricmaj
what if?
If it closes below the 50% means probably will tacke the 38% maybe 23% or even the 100%. But while above targets the .618 ( although I use .66 for overshoots- apparently some bank algos use it) and then the .76. Think cable will respect technicals since it has no real direction.
  • #286,296
  • Aug 15, 2011 6:44am Aug 15, 2011 6:44am
today here in italy is holiday...
this is what i found going out to look for a coffee
lolz
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90% of traders use TA, indicators and prediction
  • #286,297
  • Aug 15, 2011 7:06am Aug 15, 2011 7:06am
Anyone think we might see 1.6500 this week?
Anything can happen.
  • #286,298
  • Aug 15, 2011 7:09am Aug 15, 2011 7:09am
Quoting ddinnov
Anyone think we might see 1.6500 this week?

its possible
  • #286,299
  • Aug 15, 2011 7:10am Aug 15, 2011 7:10am
Quoting ddinnov
Anyone think we might see 1.6500 this week?
its very very possible imho.
but i dont expect a straight move.

lets see first thing what happens today with usa economic data
90% of traders use TA, indicators and prediction
  • #286,300
  • Aug 15, 2011 7:11am Aug 15, 2011 7:11am
Quoting nAVIN2007
its possible
90% of traders use TA, indicators and prediction
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