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Cable Update (GBPUSD)

  • #290,281
  • Oct 11, 2011 5:51am Oct 11, 2011 5:51am
When would we know the result of the vote?
Make your losses in demo. Earn your profits live.
  • #290,282
  • Oct 11, 2011 5:54am Oct 11, 2011 5:54am
Quoting trader4all
I see the GU dropping.
This analysis is based on xNEMEsis proprietary strategy


for those who care.
Entry 5622 SL 5647 TP: 5586


Thanks guys

Great trade....I hope you stuck to your guns......I jumped in on the break of the daily pivot point......grab 15 pips on 5 contracts (futures trader).......I am glad your trade went in your direction.

Cheers.

Faller
I don't trust any move - when you have profit...take it.
  • #290,283
  • Oct 11, 2011 6:00am Oct 11, 2011 6:00am
reloaded long 56 08
fukk
once must go
i closed 5 position half pips n half BE
90% of traders use TA, indicators and prediction
  • #290,284
  • Oct 11, 2011 6:01am Oct 11, 2011 6:01am
Cable 1hr. I still have the same pitchfork on my chart as I can't see a better one yet. Interestingly the move from low to high was from a 50 to 38.2 level on weekly charts. So I am assuming the 50% of that move 1.5480 would be the bear target or place to try long. Would prefer to sell nearer 1.57, so waiting for short entry.
Attached Image (click to enlarge)
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  • #290,285
  • Oct 11, 2011 6:08am Oct 11, 2011 6:08am
if things goes wrong better begin searchin a new place where go living...
at least for us here in euro area.....
90% of traders use TA, indicators and prediction
  • #290,286
  • Oct 11, 2011 6:10am Oct 11, 2011 6:10am
Quoting Flatfish
Cable 1hr. I still have the same pitchfork on my chart as I can't see a better one yet. Interestingly the move from low to high was from a 50 to 38.2 level on weekly charts. So I am assuming the 50% of that move 1.5480 would be the bear target or place to try long. Would prefer to sell nearer 1.57, so waiting for short entry.
hello
i also expect a bounce near that 23%
also ema60 in h1 and 61% fibo of yesterday's move..
i mean pullbacks assuming we are going down
90% of traders use TA, indicators and prediction
  • #290,287
  • Oct 11, 2011 6:16am Oct 11, 2011 6:16am
but about this vote...
yesterday EU went insane up whole day!
maybe is already priced on it.

what do you think guys?
90% of traders use TA, indicators and prediction
  • #290,288
  • Oct 11, 2011 6:19am Oct 11, 2011 6:19am
The market is jittery about the vote.
  • #290,289
  • Oct 11, 2011 6:22am Oct 11, 2011 6:22am
Investors were bracing for a negative start to the U.S. trading day as reports swirled that Slovakia's parliament appeared likely to block legislation ratifying an expansion to the euro zone's bailout fund in a Tuesday vote. If Slovakia fails to approve greater lending capacity for the EUR440 billion fund, it could drive a stake through hopes for a resolution to the monetary union's debt crisis.
  • #290,290
  • Oct 11, 2011 6:32am Oct 11, 2011 6:32am
Quoting _BBKing_
but about this vote...
yesterday EU went insane up whole day!
maybe is already priced on it.

what do you think guys?
To be honest yesterdays move reminded me of 2004-6 when there used to be big one way moves during holiday thin trading especially after a NFP friday, which would just squeeze everything before retracing the whole move the next day. Recently holidays have just meant tiny ranges. May look to fade the initial move following the vote- but don't know what direction that will be but am assuming that those who jump on first will be wrong. One of those trades where you keep the s/l small and b/e as soon as poss.
  • #290,291
  • Oct 11, 2011 6:39am Oct 11, 2011 6:39am
50 - monthly fibo
not euphoria follower
  • #290,292
  • Oct 11, 2011 6:41am Oct 11, 2011 6:41am
there is a spy in my pc.
whole day price goes 1-2 pip near my trailing stop, and reverse.
90% of traders use TA, indicators and prediction
  • #290,293
  • Oct 11, 2011 6:45am Oct 11, 2011 6:45am
Quoting Flatfish
To be honest yesterdays move reminded me of 2004-6 when there used to be big one way moves during holiday thin trading especially after a NFP friday, which would just squeeze everything before retracing the whole move the next day. Recently holidays have just meant tiny ranges. May look to fade the initial move following the vote- but don't know what direction that will be but am assuming that those who jump on first will be wrong. One of those trades where you keep the s/l small and b/e as soon as poss.
well, i agree with you.
i see possible move again near lows into 53 area at least.
matter is 5750 5770 area imo need a test as resistance before down again.
also 5930-50 still there waiting
i could be wrong!!!
me also want to short this thing but i would like do it near 57 or better near 5750 .....

meanwhile today i see only up down up down.
bit tired of it
90% of traders use TA, indicators and prediction
  • #290,294
  • Oct 11, 2011 6:47am Oct 11, 2011 6:47am
http://www.forexlive.com/
posts about vote
shall happen in 2 hours
90% of traders use TA, indicators and prediction
  • #290,295
  • Oct 11, 2011 6:49am Oct 11, 2011 6:49am
i bought dips to play the range.

targeting 1.5635
Attached Image (click to enlarge)
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  • #290,296
  • Oct 11, 2011 6:51am Oct 11, 2011 6:51am
Quoting _BBKing_
there is a spy in my pc.
whole day price goes 1-2 pip near my trailing stop, and reverse.

i killed the spy
trailing stop triggered
closed half position
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 28 KB
90% of traders use TA, indicators and prediction
  • #290,297
  • Oct 11, 2011 6:52am Oct 11, 2011 6:52am
tp was hit
  • #290,298
  • Oct 11, 2011 6:56am Oct 11, 2011 6:56am
yesterday i shorted the gbp/aud for 200 pips on a full lot. Today i watch and wait for pull back to re-enter short on market sentiment.
  • #290,299
  • Oct 11, 2011 6:59am Oct 11, 2011 6:59am
Quoting Faller
Are you laughing at this person?
now why would i do that
  • #290,300
  • Oct 11, 2011 7:04am Oct 11, 2011 7:04am
i feel like its whole day try go long n target the 57 area.
the time i will get short, it will go straight to 57.

lolz
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