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Cable Update (GBPUSD)

  • #288,681
  • Sep 15, 2011 1:40am Sep 15, 2011 1:40am
Quoting nAVIN2007
it was the non farm news it caught me of guard..and because of emotion i got impulsive and entered long thinking it will breakout for sure..

but i been playing longs all year towards 1.65-67 area..didnt see any reason to stop tricked
the trip back up just started I hope you will get some relief!
  • #288,682
  • Sep 15, 2011 1:43am Sep 15, 2011 1:43am
Quoting Abouelzelouf
the trip back up just started I hope you will get some relief!
How did you work that one out? I can't see it yet!

We have retail sales figures in 2 hours and the numbers won't be pretty!
  • #288,683
  • Sep 15, 2011 1:47am Sep 15, 2011 1:47am
Quoting bbakker
The bastards! Let's see if they will bring this baby back up again soon and that we don't have a Frankie Fake this morning because they are taking it up right now. I will keep my final short runner on here for the moment near yesterday's high.

if she crosses 1.5840 we would have broken out of this downward spell..area to sell from or buy..imho

yeah i need to work on not entering on news like non farm but i thought it was a no brainer..because i have long bias on cable (i know u shouldnt but i do) and that no change after all the QE i just thought u need to buy..got caught..oh well
  • #288,684
  • Sep 15, 2011 1:52am Sep 15, 2011 1:52am
Quoting bbakker
How did you work that one out? I can't see it yet!

We have retail sales figures in 2 hours and the numbers won't be pretty!
the trend down is getting less volume and indicators pointing up.
if and only if we good good results from retail sales.
Attached Image (click to enlarge)
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  • #288,685
  • Sep 15, 2011 2:11am Sep 15, 2011 2:11am
Quoting nAVIN2007
if she crosses 1.5840 we would have broken out of this downward spell..area to sell from or buy..imho

yeah i need to work on not entering on news like non farm but i thought it was a no brainer..because i have long bias on cable (i know u shouldnt but i do) and that no change after all the QE i just thought u need to buy..got caught..oh well
BoE have been tinkering with the idea of doing their own QE. Live and learn I suppose. Retail numbers out in 1.5 hours and I really don't think they will be that good, but you never know!
  • #288,686
  • Sep 15, 2011 2:12am Sep 15, 2011 2:12am
Eeny, meeny, miny, moe which way will it go maybe retail sales knows.

My analysis is daily is over sold I think we will see a very shallow retrace. Maybe 23 or 38 before continuation of downward trend.

Monthly and weekly are all bearish projection for me is possible 55 or 54. From tech point of view.

What do you guys think?
Attached Image (click to enlarge)
Click to Enlarge Name: ws.gif Size: 30 KB
  • #288,687
  • Sep 15, 2011 2:12am Sep 15, 2011 2:12am
Quoting Abouelzelouf
the trend down is getting less volume and indicators pointing up.
if and only if we good good results from retail sales.
Double good results... that will take some doing

Note: The Frankie Fake has been consumed, now will it carry on down?... I think it will hover around here like a bad smell until the numbers.

Got to go... see you all soon and trade well!
  • #288,688
  • Sep 15, 2011 3:08am Sep 15, 2011 3:08am
Quoting iqyu5an
sometimes there is only 1 pip different for starting and the end hehehheehhe
Yeah Definetely
If there was easy money lying around,no one would be forcing it into your
  • #288,689
  • Sep 15, 2011 3:09am Sep 15, 2011 3:09am
Quoting nAVIN2007
nice chart
Thank you Bro,Btw I am interested with your last stop at what level is it
If there was easy money lying around,no one would be forcing it into your
  • #288,690
  • Sep 15, 2011 3:26am Sep 15, 2011 3:26am
Quoting FXMindset
Thank you Bro,Btw I am interested with your last stop at what level is it

no need to worry about my stop
  • #288,691
  • Sep 15, 2011 3:31am Sep 15, 2011 3:31am
we got an ok numbers so here we go but for how long!
  • #288,692
  • Sep 15, 2011 3:35am Sep 15, 2011 3:35am
Quoting Abouelzelouf
we got an ok numbers so here we go but for how long!
They were expected, but they are not good numbers.
  • #288,693
  • Sep 15, 2011 3:38am Sep 15, 2011 3:38am
nice to meet you mr 5787 ...
Quoting iqyu5an
M15
looking for 5787 and potential back to 5767 ( from 5787 )
not euphoria follower
  • #288,694
  • Sep 15, 2011 3:39am Sep 15, 2011 3:39am
Quoting bbakker
They were expected, but they are not good numbers.
do u think that the trend will going up coz the indicators pointing up in the daily and 4 hours
  • #288,695
  • Sep 15, 2011 3:47am Sep 15, 2011 3:47am
Quoting bbakker
They were expected, but they are not good numbers.
that is why I said ok numbers, because it was expected to come worse then that, and I said for how long this move up will last.
  • #288,696
  • Sep 15, 2011 4:09am Sep 15, 2011 4:09am
Adjust the fibo after price back to 85 level ...

waiting PA back to 5759 - 5774 ( or 5767 ) to add long after get rejection at the lower level ( whatever it is ) OR waiting for short at 5825-5850 ( after get rejection at higher level [ prev weekly low ] ) ?

bull and bear give profit .... no fighting

cheers
from paris van java

***
1H


Quoting iqyu5an
nice to meet you mr 5787 ...
Attached Image (click to enlarge)
Click to Enlarge Name: h1.gif Size: 30 KB
not euphoria follower
  • #288,697
  • Sep 15, 2011 4:14am Sep 15, 2011 4:14am
Quoting iqyu5an
Adjust the fibo after price back to 85 level ...

waiting PA back to 5759 - 5774 ( or 5767 ) to add long after get rejection at the lower level ( whatever it is ) OR waiting for short at 5825-5850 ( after get rejection at higher level [ prev weekly low ] ) ?

bull and bear give profit .... no fighting

cheers
from paris van java

***
1H

it might go down if it reaches 1.5830-50 area..channel top on 4hr bro
if it crosses this i have no problem with my trade..it shaping up beautifully

1.59 needs to cross..very impt
  • #288,698
  • Sep 15, 2011 4:14am Sep 15, 2011 4:14am
morning....
i woke up very very very late only 45 minutes ago...
damn mosquitos!
90% of traders use TA, indicators and prediction
  • #288,699
  • Sep 15, 2011 4:15am Sep 15, 2011 4:15am
Quoting e_ahmed_nabi
do u think that the trend will going up coz the indicators pointing up in the daily and 4 hours
Trends don't turn on a six pence. If anything, we will consolidate here first before we make another move.
  • #288,700
  • Sep 15, 2011 4:15am Sep 15, 2011 4:15am
Quoting nAVIN2007
it might go down if it reaches 1.5842 area..channel top on 4hr bro
if it crosses this i have no problem with my trade..it shaping up beautifully

1.59 needs to cross..very impt
yeah
i noticed your daily

i see price going far from 57lows.
at least macd divergence in hourly is working good!
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