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Cable Update (GBPUSD)

  • #294,421
  • Edited 7:37am Dec 9, 2011 7:23am | Edited 7:37am
mad froday & mad market today & pa to work . BBking suspected the right , range 5600- 5700 , anyway price back to previous channel top areas , limit up still 5768 for bear & limit for bull down 5653, big range still there to play . waitingfailure again ,price to come below 5653 to confirn that .

eu 3368 limit for bull broken & another 45 may do soon & so likely gu also , the way it up the way to down then . waiting 5653 breaks here . broken & next reaction up at 47, wellcome . so that next retracement towards top to short comfort .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #294,422
  • Dec 9, 2011 7:38am Dec 9, 2011 7:38am
cable price action since nfp- 1.57,1.56,1.57,1.56, 1.57,1.56,1.57- If only I could work out some sort of patern for the moves.
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  • #294,423
  • Dec 9, 2011 7:38am Dec 9, 2011 7:38am
Quoting TauTrader
good day to you,

PA has been nothing but a disaster - on both these.... I am wondering...the EZ is leaking positive news in intervals....look at the charts - good news - rise. Realizing it remains a clusterfcuk...drop. Rinse and repeat. With a record nett shorts - someone is merrily chipping away - like a wild dog- biting pieces out of the best fillets.

GU - then affected. Then not. Correlation then on-then off.

Trading conditions are tough as nails at the moment - maybe time to let it be. You will not be taking my account - motherfargers....
Good day to you,

Last trades for the year. Sold rallies as per the plan posted earlier. Gotta go get the meat for the BBq this evening. 80's music and darts...

I will be leaving this thread for a while.

Warm regards and all the best
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  • #294,424
  • Dec 9, 2011 7:45am Dec 9, 2011 7:45am
Quoting PoundTrader
i expect a big drop comming
if this hour candle closed below 1.565, then will drop till 1.55
  • #294,425
  • Dec 9, 2011 7:59am Dec 9, 2011 7:59am
Quoting gsantri
.. the time left before bad things out of the summit. cable (and others) needs to print higher..
here they come.. everybody talks
  • #294,426
  • Dec 9, 2011 8:06am Dec 9, 2011 8:06am
Quoting gsantri
here they come.. everybody talks
HUH...gu
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  • #294,427
  • Dec 9, 2011 8:06am Dec 9, 2011 8:06am
sold, tp at 1.552
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  • #294,428
  • Dec 9, 2011 8:07am Dec 9, 2011 8:07am
Quoting MonsterPips
if this hour candle closed below 1.565, then will drop till 1.55
OH BOY, THIS IS EASY PIPS NOW, hope everyone already jump on this downtrend,
  • #294,429
  • Dec 9, 2011 8:11am Dec 9, 2011 8:11am
Quoting Flatfish
cable price action since nfp- 1.57,1.56,1.57,1.56, 1.57,1.56,1.57- If only I could work out some sort of patern for the moves.
And back to 1.56, been some easy pips this week. Wouldn't mind the same next week Mr Market
  • #294,430
  • Dec 9, 2011 8:20am Dec 9, 2011 8:20am
Quoting abdul_halim
HUH...gu
well done..

I see you've mastered a 'Kang Gun' system.
  • #294,431
  • Dec 9, 2011 8:22am Dec 9, 2011 8:22am
Quoting PoundTrader
OH BOY, THIS IS EASY PIPS NOW, hope everyone already jump on this downtrend,
If you say so... but not me... for me... this down trend is a minor one.. the cable still going to find its way for a bullish.... 1.5560 already become my 2nd conformation for a support line... well this is the best time for a buy for me... and Im going to swing it for 200 - 300 pips bullish
  • #294,432
  • Dec 9, 2011 8:25am Dec 9, 2011 8:25am
Quoting Johnny Depp
If you say so... but not me... for me... this down trend is a minor one.. the cable still going to find its way for a bullish.... 1.5560 already become my 2nd conformation for a support line... well this is the best time for a buy for me... and Im going to swing it for 200 - 300 pips bullish
nothing's minor when your able to grap 100pips
  • #294,433
  • Dec 9, 2011 8:31am Dec 9, 2011 8:31am
Quoting PoundTrader
nothing's minor when your able to grap 100pips
Yeah , next break & hold 5600 or better say 5595 then next level may reach 5540-5506 before it think about bull perhaps . lets see what happen next .the morning play just back after failed intervent fireworks , should be punished for more down in the sell off .
anyway intervention people may not sit idle , may try again & again to confuse .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #294,434
  • Edited 8:38am Dec 9, 2011 8:33am | Edited 8:38am
Quoting fontu
Yeah , next break & hold 5600 or better say 5595 then next level may reach 5540-5506 before it think about bull perhaps . lets see what happen next .the morning play just back after failed intervent fireworks , should be punished for more down in the sell off .
fontu

Guess the americans didnt appreciate the gesture/attack on their currency -- up over 100 pips and a huge drop all the way back and further! now hovering just below open..

Fun! could go south in a big way, (just my opinion)

PS hi all new to this thread
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  • #294,435
  • Dec 9, 2011 8:36am Dec 9, 2011 8:36am
Quoting WickedPips
Guess the americans didnt appreciate the gesture/attack on their currency -- up over 100 pips and a huge drop all the way back and further! now hovering just below open..

Fun! could go south in a big way, (just my opinion)

PS hi all new to this thread
welcome , may do anything though those big fishes ,it is facilitated movement , that is with consent of all other parties , central banks but within limit ofcourse .
we just try take as much as possible .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #294,436
  • Dec 9, 2011 8:39am Dec 9, 2011 8:39am
Quoting fontu
welcome , may do anything though those big fishes , we just try take as much as possible .
fontu
Too true! and ty for the welcome

If it went up last time they will be rubbing their hands in glee @ all the people going long and will push it 100pips south (just if i had all that cash i'd deffo do that) lol
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  • #294,437
  • Dec 9, 2011 8:40am Dec 9, 2011 8:40am
Quoting fontu
mad froday & mad market today & pa to work . BBking suspected the right , range 5600- 5700 , anyway price back to previous channel top areas , limit up still 5768 for bear & limit for bull down 5653, big range still there to play . waitingfailure again ,price to come below 5653 to confirn that .

eu 3368 limit for bull broken & another 45 may do soon & so likely gu also , the way it up the way to down then . waiting 5653 breaks here . broken & next reaction up at 47, wellcome . so that next retracement towards top to short comfort .
fontu...

yes but certainly not this kind of fast&furious up-down!
what i said was for 6-10 h4 candles!!!!!! lolz

we also said in the morning that a short into/near 57 should be good, but in these conditions everything can go opposite in no time! who knows where these moves will stop? can come out some one saying something and price moves 150pips.... and when you know WHO spoke and WHAT he said the move is already completed.

see you all next week
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  • #294,438
  • Dec 9, 2011 8:41am Dec 9, 2011 8:41am
where you been manize
  • #294,439
  • Dec 9, 2011 8:42am Dec 9, 2011 8:42am
Quoting _BBKing_
yes but certainly not this kind of fast&furious up-down!
what i said was for 6-10 h4 candles!!!!!! lolz

we also said in the morning that a short into/near 57 should be good, but in these conditions everything can go opposite in no time! who knows where these moves will stop? can come out some one saying something and price moves 150pips.... and when you know WHO spoke and WHAT he said the move is already completed.

see you all next week
  • #294,440
  • Dec 9, 2011 8:42am Dec 9, 2011 8:42am
Quoting PoundTrader
where you been manize
I am plus 180pips thanks to BBking lol!

caught 90 on the way up and still short now, its hovering but about +90 also!

Its a great day for trading
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