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Cable Update (GBPUSD)

  • #293,641
  • Nov 30, 2011 9:59am Nov 30, 2011 9:59am
Quoting kaspopsicle
sold 15752. tp according to momo. sl 157800 ish ( manual) Price has rejected previous swing high at 15780...21 Oct.and 18 Nov
Dollar indecisive after slight rally toward London close.If price doesnt break clear through 1.5700 on M15 i'll close .Stop adjusted to 15752 b/e.
All systems of divination, like music itself,work through patterns.
  • #293,642
  • Nov 30, 2011 10:01am Nov 30, 2011 10:01am
Quoting normfx
This guy tells you to trade 1-2% of your account..lots of confidence huh lol at that rate it will take you years just to make up for your losses..I bet he's still making his up..actually I guarantee it.
so... you won the championship, right?
now you feel like you are best trader in the world.
now you tink you can talk every one in the way you like?
yes...... you still have holy grail with you!

smikester is one of best member on the forum together with most of those you are 'fightin' with whole today, and he gave a good answer to that question. what would have you answered?

assuming that you did that trade, and assuming that you have a trading experience, and assuming that you have a trading strategy...... all this assumed, im still waiting to see any reasonable trading idea which does not need that whole world's banks + governements get on market to cover shorts and stabilize market prices after recent crashes.
90% of traders use TA, indicators and prediction
  • #293,643
  • Nov 30, 2011 10:08am Nov 30, 2011 10:08am
Just back at desk for 10mins updating charts....see cable continued it's run up to the 2 fib cluster (if 2 make a clsuster ? Lol) anyways, 50% 6128-5422 and 76.4% 5888-5422 and price at 180% 20day atr there...price has unwound a bit - good 1min 3min 5min and 15min beraish div plays at the current daily hi...5min shown below as eg.

Strong ADP forecast re tomorrow's U.s NFP earlier and with central bank intervention re $ swap rate earlier...a good NFP tomorrow and who knows ?

G/L
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ex member
  • #293,644
  • Nov 30, 2011 10:17am Nov 30, 2011 10:17am
To the immediate downside as 1hr chart below..fibs from 5422, 5467 and 5525 to current daily hi.

G/L
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ex member
  • #293,645
  • Nov 30, 2011 10:20am Nov 30, 2011 10:20am
Quoting _BBKing_
im still waiting to see any reasonable trading idea which does not need that whole world's banks + governements get on market to cover shorts and stabilize market prices after recent crashes.
Sounds like a strategy to me. Just have to be patient.
Gone to a better place
  • #293,646
  • Nov 30, 2011 10:21am Nov 30, 2011 10:21am
I'm done 790 pips bagged on 6 trades today here and the Aussie
Come with me if you want to live....
  • #293,647
  • Nov 30, 2011 10:26am Nov 30, 2011 10:26am
Quoting smikester
Sounds like a strategy to me. Just have to be patient.
must be carefull... also the mouse is not an highlander!!
right time could come but you could be unable to open the trade
Attached Image
90% of traders use TA, indicators and prediction
  • #293,648
  • Edited 1:49pm Nov 30, 2011 10:27am | Edited 1:49pm
Quoting kaspopsicle
Dollar indecisive after slight rally toward London close.If price doesnt break clear through 1.5700 on M15 i'll close .Stop adjusted to 15752 b/e.
Errrm ...added at 15700. Looking for 15686, stop adjusted to 15720

Edit : sorry ,my bad eyesight again
Attached Image (click to enlarge)
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All systems of divination, like music itself,work through patterns.
  • #293,649
  • Nov 30, 2011 10:29am Nov 30, 2011 10:29am
Quoting abdul_halim
gu up date...close all,thanks KG
could you please attach it so i can look how that macd works?
90% of traders use TA, indicators and prediction
  • #293,650
  • Nov 30, 2011 10:32am Nov 30, 2011 10:32am
i completely forgot how we can change the signature appearing below avatar......... where now in mine appears "member"
where the hell is that option?!?!?
90% of traders use TA, indicators and prediction
  • #293,651
  • Nov 30, 2011 10:57am Nov 30, 2011 10:57am
got multiple buys @ 1,56900 area

possible tg 1.57280 area


a decsive close below 1.56700 will bail
  • #293,652
  • Nov 30, 2011 11:19am Nov 30, 2011 11:19am
Quoting redsword11
got multiple buys @ 1,56900 area

possible tg 1.57280 area


a decsive close below 1.56700 will bail
thanks Red... i was beginning to wonder how far i should keep my shorts running .
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (DFB).png Size: 6 KB
All systems of divination, like music itself,work through patterns.
  • #293,653
  • Nov 30, 2011 11:27am Nov 30, 2011 11:27am
Quoting kaspopsicle
thanks Red... i was beginning to wonder how far i should keep my shorts running .
.......... and good afternoon

Attached Image (click to enlarge)
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dx has a compressed junk rally, will dip


cable will react soon
  • #293,654
  • Nov 30, 2011 12:30pm Nov 30, 2011 12:30pm
Quoting redsword11
got multiple buys @ 1,56900 area

possible tg 1.57280 area


a decsive close below 1.56700 will bail

closed all entries for a few, staggering PA

unclear
  • #293,655
  • Nov 30, 2011 1:44pm Nov 30, 2011 1:44pm
any1 wanna explain why and what happened today..i dont get it?
  • #293,656
  • Edited 2:11pm Nov 30, 2011 1:55pm | Edited 2:11pm
Quoting nAVIN2007
any1 wanna explain why and what happened today..i dont get it?
seems like all the central banks were striving for some level of parity. Because i think, China injected cash. Gsantri had a good post earlier. I'll try to find it.

(2011/11/30 13:07:18

Fed, Ecb, Boc, Boe, Boj, Snb Announce coordinated Actions to Enhance Capacity to Provide Liquidity to Global Financial System...)

Someone on another thread said it was China injecting cash....( i suspect a typo...it was cloggie all along) Was deffo global . Anyways, congrats. Nav...as i remember , you're on target 1.5750., for your long. Was going to say something earlier, but a scalpers life etc.
__________________
All systems of divination, like music itself,work through patterns.
  • #293,657
  • Nov 30, 2011 2:00pm Nov 30, 2011 2:00pm
Quoting nAVIN2007
any1 wanna explain why and what happened today..i dont get it?
Here you go.
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  • #293,658
  • Nov 30, 2011 2:00pm Nov 30, 2011 2:00pm
Quoting kaspopsicle
seems like all the central banks were striving for some level of parity, because i think, BOJ injected cash. Gsantri had a good post earlier. I'll try to find it.

2011/11/30 13:07:18

Fed, Ecb, Boc, Boe, Boj, Snb Announce coordinated Actions to Enhance Capacity to Provide Liquidity to Global Financial System
__________________

thanks pam..im useless when it comes to trying to understand this stuff..why would this sink the dollar?
Quoting GDR3k
Here you go.
I get the chart..thanks
  • #293,659
  • Nov 30, 2011 2:50pm Nov 30, 2011 2:50pm
Quoting nAVIN2007
thanks pam..im useless when it comes to trying to understand this stuff..why would this sink the dollar?


I get the chart..thanks
i think that the poor wee thing felt threatened...
I dunno Nav...i cannot wrap my head around fundies, it just makes me laugh.
i ,as i think you know , only do techs. I rely on good mates that i trust to feed me their interpretation of fundermentals.
Ams, gsanti, bbmac, GM...i can understand what they say. . but to actually read the News is way beyond my level of concentration.
G/L with furthering your long....you always keep me on track.
All systems of divination, like music itself,work through patterns.
  • #293,660
  • Nov 30, 2011 2:54pm Nov 30, 2011 2:54pm
Quoting nAVIN2007
any1 wanna explain why and what happened today..i dont get it?
Well as I see it, there was a central bank agreement between several countries to reduce the inter bank USD borrowing rate. Effectively a reduced rate of interest within the banking sector, to improve inter bank lending and borrowing, therefore increasing liquidity.

But it's like a reduction of dollar borrowing rates, so the dollar took a hit at 1pm GMT. Unexpected.

This leads to a sudden rise in equities - stock market confidence - also magnifying dollar losses as cash goes into equities. There's lots of dollars about, but when they are spent on equities, the equity value increases, but it's like selling dollars so dollar value drops even more.
Gone to a better place
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