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Cable Update (GBPUSD)

  • #288,821
  • Sep 15, 2011 11:00am Sep 15, 2011 11:00am
Quoting ovaforty
thanx.
In the global long term situation the aud will hold it's value over the gbp.
This pair pays about 23 dollars a day in swap interest for a full lot. A break even stop loss insures no risk of loss to principle. no reason to ever close my 4 positions there. Passive interest income will build a nice nest egg over time with NO risk.
well, this is my 'work in progress' chart
i thought to see price moving on upper red line where appears to be nice sup/res area.
actually out of red pattern
in my trading style, i now wait for it to breake the 5300 then search an entry short near red channel
Attached Image (click to enlarge)
Click to Enlarge Name: ga.jpg Size: 79 KB
90% of traders use TA, indicators and prediction
  • #288,822
  • Sep 15, 2011 11:03am Sep 15, 2011 11:03am
Quoting _BBKing_
well, this is my 'work in progress' chart
i thought to see price moving on upper red line where appears to be nice sup/res area.
actually out of red pattern
in my trading style, i now wait for it to breake the 5300 then search an entry short near red channel
nice analysis
  • #288,823
  • Edited 11:07am Sep 15, 2011 11:03am | Edited 11:07am
I love the rumour mill that todays move by the central banks was ahead of that of the announcement of a Greek default so as to limit the fallout. Or secondly that the rouge trader had put UBS in a sticky situation and that todays move was to prevent a large bank collapse. Take your pick, but definitely something brewing for such a big announcement.

Just seen this at zerohedge:

http://www.zerohedge.com/news/ubs-ro...-news-guidance
  • #288,824
  • Edited 11:28am Sep 15, 2011 11:09am | Edited 11:28am
you're not joking but it will be better if there is useful post for each other like your own word . what made critical now for short or long . any chart would be very welcome and useful for each other ( my imho )
Quoting sinchan
U are right Bro

sometimes I dont have mood when people joking too much without a useful post for each other



Quoting sinchan
Alhamdulillah now I'am Done with my short ...

Tomorrow probably I will not trade due its critical now for short or long , let see next week

Good Luck

Salam
not euphoria follower
  • #288,825
  • Sep 15, 2011 11:10am Sep 15, 2011 11:10am
Rouge trader "Reduced to watching Fox News for guidance"- great quote from one of the comments there -"thank god it wasn't CNBC or his losess would be expotentialy worse"
  • #288,826
  • Sep 15, 2011 11:16am Sep 15, 2011 11:16am
Quoting ovaforty
nice analysis
tks
i hope will play out good!
90% of traders use TA, indicators and prediction
  • #288,827
  • Sep 15, 2011 11:52am Sep 15, 2011 11:52am
gbp/cad short is about hit my tp
Attached Image (click to enlarge)
Click to Enlarge Name: gbp cad hourly.gif Size: 24 KB
  • #288,828
  • Sep 15, 2011 11:57am Sep 15, 2011 11:57am
taking profit now on long aud/usd
Attached Image (click to enlarge)
Click to Enlarge Name: aud 15 min.gif Size: 25 KB
  • #288,829
  • Sep 15, 2011 12:00pm Sep 15, 2011 12:00pm
taking profit on long cad/jpy here
Attached Image (click to enlarge)
Click to Enlarge Name: cad jpy hourly.gif Size: 28 KB
  • #288,830
  • Sep 15, 2011 12:01pm Sep 15, 2011 12:01pm
also took profits on long aud/jpy and nzd/jpy
  • #288,831
  • Sep 15, 2011 12:12pm Sep 15, 2011 12:12pm
Quoting ovaforty
also took profits on long aud/jpy and nzd/jpy
what a forex master,hope can learn with you
If there was easy money lying around,no one would be forcing it into your
  • #288,832
  • Sep 15, 2011 12:14pm Sep 15, 2011 12:14pm
I will risk a long gbp/usd to test the yellow trend line @ 1.5837 which would form a King's Crown reversal pattern.
tp is 1.5830
Attached Image (click to enlarge)
Click to Enlarge Name: cable 5 min.gif Size: 24 KB
  • #288,833
  • Sep 15, 2011 12:14pm Sep 15, 2011 12:14pm
Cable from a different angle.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.jpg Size: 128 KB
  • #288,834
  • Sep 15, 2011 12:19pm Sep 15, 2011 12:19pm
Quoting Flatfish
Cable from a different angle.
that's funny
  • #288,835
  • Sep 15, 2011 12:25pm Sep 15, 2011 12:25pm
gbp/aud is sitting on support. i wont risk a sell at support
Attached Image (click to enlarge)
Click to Enlarge Name: gbp aud daily.gif Size: 25 KB
  • #288,836
  • Sep 15, 2011 12:28pm Sep 15, 2011 12:28pm
Quoting Flatfish
Cable from a different angle.
Funny how this chart makes me comfortable with being long cable. I find what I perceive to be down moves much easier to trade- makes it easier of me to think of all those caught offside losing their money.
  • #288,837
  • Sep 15, 2011 12:31pm Sep 15, 2011 12:31pm
gbp cad is pulling back now after hitting downside target.

Find the ranges and exploit them in a choppy trade scenario.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp cad hourly.gif Size: 24 KB
  • #288,838
  • Sep 15, 2011 2:00pm Sep 15, 2011 2:00pm
Quoting ovaforty
gbp cad is pulling back now after hitting downside target.

Find the ranges and exploit them in a choppy trade scenario.
Nice trades ovaforty. What kind of stops do you use on your trading if you

don't mine me asking. (If you use any)
  • #288,839
  • Sep 15, 2011 2:13pm Sep 15, 2011 2:13pm
Hello Bro Nav,

Just drop and wanted to said your investment might would be back and going higher based on chart ( but sorry no chart posted here based on daily,weekly and monthly) but EU may be very bad,we might see EU possible at 1.45 next week and starting to big drop when....ah my imagination

Hope everything going well yah
If there was easy money lying around,no one would be forcing it into your
  • #288,840
  • Sep 15, 2011 2:26pm Sep 15, 2011 2:26pm
Quoting specul8
Nice trades ovaforty. What kind of stops do you use on your trading if you

don't mine me asking. (If you use any)
i place my trades as close as reasonably possible to support or resistance with a stop outside the recent range. You can see on the previous cable chart that the stop is sitting outside the range. If i get stopped for a small loss, then so be it. Losses are a part of Forex trading.
Attached Image (click to enlarge)
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