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Cable Update (GBPUSD)

  • #288,161
  • Sep 5, 2011 7:55am Sep 5, 2011 7:55am
Quoting gsantri
I think you misunderstood, bbmac was playing CTT at lower TF. I'm sure he bagged 40 pips net from those setup.
Doesn't make sense comparing H4/D1 to M5.

*CTT - counter trend trading
and all I was just saying is, it is still going down ...
  • #288,162
  • Edited 8:35am Sep 5, 2011 8:21am | Edited 8:35am
found support but doesnt mean we will going up yet,maybe...lets see tomorrow
Attached Image (click to enlarge)
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If there was easy money lying around,no one would be forcing it into your
  • #288,163
  • Sep 5, 2011 8:44am Sep 5, 2011 8:44am
Just at desk updsating charts after own session finished earlier in the London morning.

Price drops to 80% of it's 20day atr so far today, 6061 the current lo..just breeching that previous 4hr minor swing lo to the downside...Daily S2 @/around the current lo on some feeds.

Below here:
6037 Monthly S1 @/around
6032-13-03 prev daily/4hr sw lo zone
5978 fib
5943 Weekly S2 @/around
5913-03 prev 4hr minor swing lo zone
5820 Monthly S2 @/around
5878-15-5779 prev 4hr/daily/weekly swing lo zone
5754 Weekly S3 @/around

1hr/4hr/daily remain in opa downtrends with 100sma on 4hr/daily still above their 200sma's but converging on them. On 1hr 100sma is well below the 200sma and both pointing down at the moment.

The pullbacks are very trade-able on the lower t/f's (5min and under generally) at support ...another bullish divergence play on 3min at the current lows shown below.

Pullback hi is finding fresh 'sell the rally' supply at the previous 1hr swing lo zone shown below (previous support now acting as resistance)

G/L
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Attached Image
ex member
  • #288,164
  • Sep 5, 2011 1:43pm Sep 5, 2011 1:43pm
Quoting bagXpert
Next points at 1.6120 and 1.6060. Maybe short on this level
Just for the fun. Trade on eur/chf too if you want money! It is so easily. Ask yo łe for great replies
  • #288,165
  • Sep 5, 2011 3:17pm Sep 5, 2011 3:17pm
Quoting bagXpert
Just for the fun. Trade on eur/chf too if you want money! It is so easily. Ask yo łe for great replies
That pair is much clearer with my indies than the cable. Thanks!
  • #288,166
  • Sep 5, 2011 8:56pm Sep 5, 2011 8:56pm
1.5995
  • #288,167
  • Sep 6, 2011 12:18am Sep 6, 2011 12:18am
.
Quoting iqyu5an
kissed red box already.
Attached Image (click to enlarge)
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not euphoria follower
  • #288,168
  • Sep 6, 2011 1:17am Sep 6, 2011 1:17am
anyone see the red box is area of 50 hi low fibo jan - june ?


Quoting iqyu5an
.
not euphoria follower
  • #288,169
  • Sep 6, 2011 2:31am Sep 6, 2011 2:31am
Alhamdulillah..

I closed my short in Cable +13 pips
but I closed my long in euro chf +873 pips

  • #288,170
  • Sep 6, 2011 4:43am Sep 6, 2011 4:43am
Quoting sinchan
Alhamdulillah..

I closed my short in Cable +13 pips
but I closed my long in euro chf +873 pips



"Only" got 620 myself

This cable is turning into a disappointment not even an intervention gets this baby off the ground
  • #288,171
  • Edited 5:03am Sep 6, 2011 4:51am | Edited 5:03am
I hope you guys still on that chf trades.
SNB will keep EURCHF minimum @ 1.200 level, at all cost.

http://www.snb.ch/en/mmr/reference/p...0110906.en.pdf

It might go up to 1.500 later when euro reverse.

You have to thank SNB then, buy their Rolex
  • #288,172
  • Sep 6, 2011 5:11am Sep 6, 2011 5:11am
Quoting gsantri
I hope you guys still on that chf trades.
Yes 1000 easy pips in a half hour! Thanks to bagXpert for the timely reminder.
  • #288,173
  • Sep 6, 2011 5:30am Sep 6, 2011 5:30am
Quoting rossiya
Yes 1000 easy pips in a half hour! Thanks to bagXpert for the timely reminder.
you're welcome!
  • #288,174
  • Sep 6, 2011 5:47am Sep 6, 2011 5:47am
Quoting gsantri
I hope you guys still on that chf trades.
SNB will keep EURCHF minimum @ 1.200 level, at all cost.

http://www.snb.ch/en/mmr/reference/p...0110906.en.pdf

It might go up to 1.500 later when euro reverse.

You have to thank SNB then, buy their Rolex
I cashed it
I agree it may not prove to be the smartest decision, but that "when" is truly a "if" atm
  • #288,175
  • Sep 6, 2011 6:11am Sep 6, 2011 6:11am
1.57xx soon within this month
"sharing knowledge make us more rich"
  • #288,176
  • Sep 6, 2011 6:27am Sep 6, 2011 6:27am
Next GU,Probably....
Attached Image (click to enlarge)
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If there was easy money lying around,no one would be forcing it into your
  • #288,177
  • Sep 6, 2011 6:32am Sep 6, 2011 6:32am
Long from 1.6025

Attached Image (click to enlarge)
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  • #288,178
  • Sep 6, 2011 6:58am Sep 6, 2011 6:58am
Quoting Hgslv
I cashed it
I agree it may not prove to be the smartest decision, but that "when" is truly a "if" atm
Well done, market will always there for us.
I was wondering myself how long the SNB can hold that.

Btw I have GU final TP at 5990. 30 pips to go.
  • #288,179
  • Sep 6, 2011 7:32am Sep 6, 2011 7:32am
can see your reason for taking a long here also price dropped into a previous 4hr/daily swing lo zone...but can't help thinking you are swimming against the tide - if holding for any extended target ?

G/L with it though...anything can happen !

Quoting Bd69
Long from 1.6025

Attachment
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ex member
  • #288,180
  • Sep 6, 2011 7:33am Sep 6, 2011 7:33am
Hey Guys,

I've been following this thread for quite some time. I'm still rather new to forex, will appreciate any advice from you guys here. This is my first post. I'm not sure why I'm always being stopped out early though. Because it seems that I shorted the cable quite early and was caught in the sudden long surge before it went down..

Any ideas on how not to be caught in those surge?

Thanks in advance!
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