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Cable Update (GBPUSD)

  • #286,401
  • Aug 16, 2011 12:06pm Aug 16, 2011 12:06pm
Quoting USD-Bear
can't complain nAV, strategy changed though.
Very selective nowadays (so much fish) and excepting markets wisdom fast if I'm wrong.
How've you bin, remember those charts with 10 or more holding positions of your's, do you still do that?
Well still confident USD-Bear for years now and will stay that for a few other, but it really doesn't matter, I've sworn off holding positions and take every direction I see fit
im doing fine in these market condition, thank god im making more than i lose..its very tough..yup i still doing my madness

i think cable is about buying dips now..we just need it to retrace..im still long from 1.61 area..but i sold as well at 1.6417 or so..hopefully it will sink a bit.

be lucky my friend
  • #286,402
  • Aug 16, 2011 12:07pm Aug 16, 2011 12:07pm
Quoting lampuah
I'm Not !!!

man... since last week I can't do well...

why what happened?
  • #286,403
  • Aug 16, 2011 12:10pm Aug 16, 2011 12:10pm
Cable looking like its the only one putting up some strength. Somehow I don't see it ringing true. Still hort position I'm holding at the moment. An hourly close above 1.6450 and I'll probably close it. Hoping for the journey below 1.64 to begin.
  • #286,404
  • Aug 16, 2011 12:16pm Aug 16, 2011 12:16pm
Quoting Flatfish
Cable looking like its the only one putting up some strength. Somehow I don't see it ringing true. Still hort position I'm holding at the moment. An hourly close above 1.6450 and I'll probably close it. Hoping for the journey below 1.64 to begin.

i dont think it will breakout yet..but mark my word it will soon..

if yur lucky enough to see 1.63 like myself consider ourselves fortunate
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  • #286,405
  • Aug 16, 2011 12:48pm Aug 16, 2011 12:48pm
Quoting nAVIN2007
im doing fine in these market condition, thank god im making more than i lose..its very tough..yup i still doing my madness

i think cable is about buying dips now..we just need it to retrace..im still long from 1.61 area..but i sold as well at 1.6417 or so..hopefully it will sink a bit.

be lucky my friend
aha, was just developing an opposite bias , any special reasons?
Current strength is no USD-weakness but purely GBP-strength.
Been long away from G-pairs, might need some more time to develop a proper marketfeeling.
Don't be a hero. Don't have an ego. Always question yourself
  • #286,406
  • Aug 16, 2011 12:52pm Aug 16, 2011 12:52pm
Back with some charts .. IMO, 1.6440 is a very important level ..

April & May .. Break and close above 78.6 (1.6439)
June & July .. Retest of 61.8
In August , will it be able to close above 78.6? We'll have to wait and see..

http://img231.imageshack.us/img231/4344/gumonthly.jpg

Weekly chart

http://img805.imageshack.us/img805/9567/guweekly.jpg
  • #286,407
  • Aug 16, 2011 12:55pm Aug 16, 2011 12:55pm
falling off the roof or would it go up?
good trading
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  • #286,408
  • Aug 16, 2011 1:17pm Aug 16, 2011 1:17pm
Quoting USD-Bear
aha, was just developing an opposite bias , any special reasons?
Current strength is no USD-weakness but purely GBP-strength.
Been long away from G-pairs, might need some more time to develop a proper marketfeeling.
i always been long on cable and feel good..but this damn breakout i didnt expect tonight..everytime i get cute i get it..lol

amazing how market can constantly catch of guard
  • #286,409
  • Aug 16, 2011 1:23pm Aug 16, 2011 1:23pm
Quoting nAVIN2007
i always been long on cable and feel good..but this damn breakout i didnt expect tonight..everytime i get cute i get it..lol

amazing how market can constantly catch of guard
IC that explains I've always been bearish'ísh on this pair luckely I was away a few months
If it revisits 1.6470 I consider a shot
Don't be a hero. Don't have an ego. Always question yourself
  • #286,410
  • Aug 16, 2011 1:35pm Aug 16, 2011 1:35pm
Quoting USD-Bear
IC that explains I've always been bearish'ísh on this pair luckely I was away a few months
If it revisits 1.6470 I consider a shot

its funny..i can be long on cable and im calm..when short i worry
funny that
  • #286,411
  • Aug 16, 2011 1:44pm Aug 16, 2011 1:44pm
Whatever,,
Try look 4H chart and hopefully can be help
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  • #286,412
  • Aug 16, 2011 1:57pm Aug 16, 2011 1:57pm
Quoting nAVIN2007

its funny..i can be long on cable and im calm..when short i worry
funny that
you lucky bastard I always worry
Don't be a hero. Don't have an ego. Always question yourself
  • #286,413
  • Aug 16, 2011 2:11pm Aug 16, 2011 2:11pm
i am short on GBP with 3 positions

1.6405
1.6433
1.6470

targeting 1.6300

take a look at USD index it seems like a nice bull move ahead soon.

Happy Trading
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  • #286,414
  • Aug 16, 2011 2:14pm Aug 16, 2011 2:14pm
....
so technical
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90% of traders use TA, indicators and prediction
  • #286,415
  • Aug 16, 2011 2:25pm Aug 16, 2011 2:25pm
Quoting USD-Bear
you lucky bastard I always worry
  • #286,416
  • Aug 16, 2011 2:26pm Aug 16, 2011 2:26pm
this is my full view seen in h1

im interested on action into 6425-6400 range.

if this thing is going more up to find 6540, will probably react at that level.
im still no shortin it...
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90% of traders use TA, indicators and prediction
  • #286,417
  • Aug 16, 2011 2:43pm Aug 16, 2011 2:43pm
Trying a short @ 1.6470

H1:
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Don't be a hero. Don't have an ego. Always question yourself
  • #286,418
  • Aug 16, 2011 2:47pm Aug 16, 2011 2:47pm
Quoting USD-Bear
Trying a short @ 1.6470

H1:
Attachment

u and me both

id be happy of a test of 1.64..this thing is on steroids and without news
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  • #286,419
  • Aug 16, 2011 2:48pm Aug 16, 2011 2:48pm
Quoting USD-Bear
Trying a short @ 1.6470

H1:
Attachment
same scalp here
90% of traders use TA, indicators and prediction
  • #286,420
  • Aug 16, 2011 2:52pm Aug 16, 2011 2:52pm
bearish divergence on faster TF in macd is helping
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