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Cable Update (GBPUSD)

  • #292,861
  • Nov 18, 2011 7:21am Nov 18, 2011 7:21am
Quoting redsword11
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in again crackcable


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  • #292,862
  • Nov 18, 2011 7:32am Nov 18, 2011 7:32am
Quoting FXConveyor
ok you lucky people, here is my view.

I have a small short currently booked.

I think there will be one more spike up to test 59 maybe as far as 5936. Then it is big retrace to today's low................

Tin hat on, ready to take any flak coming my way.
Good day to you,

I am again acknowledging your input and contribution here - I do like the way you see things. Keep on keeping on.

Regards
  • #292,863
  • Nov 18, 2011 7:44am Nov 18, 2011 7:44am
Unlike Tau who is obviously easier to please than me, - I cannot ackowledge that as a good contribution, glad you got your tin hat on..Lol '..I think...' what does that mean - based on what cause if you can't back it with analysis the market doesn't give a *&^! what we think.

I think it might rain later - but so what - I can't back it up with anything.

G/L

Quoting FXConveyor
ok you lucky people, here is my view.

I have a small short currently booked.

I think there will be one more spike up to test 59 maybe as far as 5936. Then it is big retrace to today's low................

Tin hat on, ready to take any flak coming my way.
ex member
  • #292,864
  • Nov 18, 2011 7:47am Nov 18, 2011 7:47am
Quoting TauTrader
Good day to you,

EU will not wonder off too far north at this point. Still some unfinished business lower down....

Stops and such.....

I do however believe your idea is right... good luck. Gotta run again
Good day - ok I will be first.

Well done on the trade A-Speculator. The run higher was far more than I expected. The departure was way too smooth for longer term longs - not the norm. Let us say I was over suspicious...

I was preparing to long EU as per my posts yesterday - but I was waiting for a serious punch lower first. Also wanted to short GU today, but my charts are not ready ( as per my rules).

I was out most of the day - coming back now, both GU and EU is still in "buying dips" mode - I expected a change by today into a new cycle. Non the less - not all lost.

No trades today - waiting for the perfect time

Regards and trade well
  • #292,865
  • Nov 18, 2011 7:48am Nov 18, 2011 7:48am
The phrase 'trade what you see - not what you think' is very apt and very good advice.
-----------------------------------

Anyways, price sold down off that hi to the previous 1hr swing hi zone (prev resistance) topside of that prev 1hr descending t/line and 100sma..where some demand has been encountered.

Outa here.

G/L
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ex member
  • #292,866
  • Nov 18, 2011 7:54am Nov 18, 2011 7:54am
Quoting TauTrader
Good day - ok I will be first.

Well done on the trade A-Speculator. The run higher was far more than I expected. The departure was way too smooth for longer term longs - not the norm. Let us say I was over suspicious...

I was preparing to long EU as per my posts yesterday - but I was waiting for a serious punch lower first. Also wanted to short GU today, but my charts are not ready ( as per my rules).

I was out most of the day - coming back now, both GU and EU is still in "buying dips" mode - I expected a change by today into a new cycle....
As I said before, my analysis was based on the exhaustion pattern in swissy. By the way, it's Friday, and already more than half of the day has gone. Better wrap up and start fresh next week. I am looking forward for PA to test about 3535 for fiber to add to my long. I don't think it's gonna happen today nor do I want to short it at this hour. I opened 6 positions and closed 2, the rest will be left for weekend and profit locked, of course.

Green pips to you bro. Later..
  • #292,867
  • Nov 18, 2011 7:55am Nov 18, 2011 7:55am
Quoting bbmac
Unlike Tau who is obviously easier to please than me, - I cannot ackowledge that as a good contribution, glad you got your tin hat on..Lol '..I think...' what does that mean - based on what cause if you can't back it with analysis the market doesn't give a *&^! what we think.

I think it might rain later - but so what - I can't back it up with anything.

G/L
Friday, close to US open, 5936 being 61.8% retrace on the hourly chart, at 5890 looked like it was looking exhausted, but potential to extend based on aforementioned reasons.

I am biased towards the downside being a Friday and the fact that we have retraced 50% of the daily high low from 61 to 57.

Apologies, I don't have as much time as you. This is my "fun", not my day job.

Just to complete the picture though, 8 successive months of doubling my base equity (ie my start point for each month, not compounding each month)

But you are right, should have given more reasons.
  • #292,868
  • Nov 18, 2011 7:57am Nov 18, 2011 7:57am
Quoting bbmac
Unlike Tau who is obviously easier to please than me, - I cannot ackowledge that as a good contribution, glad you got your tin hat on..Lol '..I think...' what does that mean - based on what cause if you can't back it with analysis the market doesn't give a *&^! what we think.

I think it might rain later - but so what - I can't back it up with anything.

G/L
Good day to you,

How does one remove a foot out of ones mouth?

You are very correct in terms of what you are saying - I was reading his post and related directly to my charts - so I could see what was meant. The "thinking" word used often is a protector.

People are sure of their reasoning and entering a position. They want to post their decision but fear coming across as "certain" or over confident. Then the terms of " I think" or "possibly" or "could" etc. gets used.

I am not defending anyone. I respect you way too much to even consider questioning you.

So let me rephrase: " FXConveyor - your post was enjoyed by me as I see what you mean. For the rest - it's not acceptable buddy. Put your chart where your mounth is."

Let us agree to that - thank you BBMac.

I wish you all success
  • #292,869
  • Nov 18, 2011 8:02am Nov 18, 2011 8:02am
4hr view as per the Gartley.
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  • #292,870
  • Nov 18, 2011 8:08am Nov 18, 2011 8:08am
Still in buying dips mode for the next 4 hrs...
  • #292,871
  • Nov 18, 2011 8:15am Nov 18, 2011 8:15am
closed my short. wait for re-entry back up at 5890
  • #292,872
  • Nov 18, 2011 8:23am Nov 18, 2011 8:23am
Gu PO was hit at the resistance turned support at 5810..
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  • #292,873
  • Nov 18, 2011 8:23am Nov 18, 2011 8:23am
Euro Zone Infection Spreads to China
not euphoria follower
  • #292,874
  • Nov 18, 2011 8:45am Nov 18, 2011 8:45am
cable update
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  • #292,875
  • Nov 18, 2011 8:57am Nov 18, 2011 8:57am
Quoting A-speculator
Gu PO was hit at the resistance turned support at 5810..
A bit too high my PO i guess.. nevertheless, last support at about 5780, if that breaks, I clear my pos for gu.
  • #292,876
  • Nov 18, 2011 8:58am Nov 18, 2011 8:58am
Quoting redsword11
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..... just closed it
  • #292,877
  • Nov 18, 2011 9:08am Nov 18, 2011 9:08am
close all...bye see next week
  • #292,878
  • Nov 18, 2011 9:14am Nov 18, 2011 9:14am
watch carefully how swissy reacts towards resistance (TF: 1h), i assume this move is the breakout retest move for swissy.. if the resistance hold, there's worth to hold fiber and perhaps cable also..
  • #292,879
  • Nov 18, 2011 9:21am Nov 18, 2011 9:21am
Quoting A-speculator
watch carefully how swissy reacts towards resistance (TF: 1h), i assume this move is the breakout retest move for swissy.. if the resistance hold, there's worth to hold fiber and perhaps cable also..
Good day,

Still a bit of water to flow into the sea before we go. Your general comment is correct - but not now.

This is what I was referring to this morning - I believe there is some stuff to sort out first. Now we need a cycle turn and then a punch higher to short. Then a turn back long to go.

Levels not currently known.

This could take another week to play out

But getting clearer

Regards and trade well
  • #292,880
  • Nov 18, 2011 9:32am Nov 18, 2011 9:32am
Quoting TauTrader
Good day,

Still a bit of water to flow into the sea before we go. Your general comment is correct - but not now.

This is what I was referring to this morning - I believe there is some stuff to sort out first. Now we need a cycle turn and then a punch higher to short. Then a turn back long to go.

Levels not currently known.

This could take another week to play out

But getting clearer

Regards and trade well
Perhaps, daily in fiber and cable has shown a reversal candle, perhaps 1 or 2 days next week we might get higher price. My target is not that high, about 59xx, and we see from there..

Green pips bro.
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