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Cable Update (GBPUSD)

  • #294,641
  • Dec 13, 2011 11:49am Dec 13, 2011 11:49am
Quoting Pipo
cable target 1.5490/1.5480

Think that you could take another 50 pipes off the table with that trade .
  • #294,642
  • Dec 13, 2011 12:29pm Dec 13, 2011 12:29pm
Quoting Pipo
cable target 1.5490/1.5480
i have same target here... actually, mine's 5481!
  • #294,643
  • Dec 13, 2011 12:41pm Dec 13, 2011 12:41pm
oh well
nice day today.

54 area? mmm .... hard work looking reaction near 5500 line. possible taking profits near london closings.

lets see what fomc statement say but from now on, better wait asian session imo.

good luck you all
90% of traders use TA, indicators and prediction
  • #294,644
  • Dec 13, 2011 1:06pm Dec 13, 2011 1:06pm
Quoting Flatfish
We can see on the NFP range on cable that momentum is slowing, and sellers are wiling to enter at lower levels.Cable needs above the 1.5650 area which looks like the pivot. Would expect cable wants to go lower.
Smikester that dollar index looks like it could break higher out of the range, momentum is key, which is what none of the pairs are showing today.
Cable and the dollar index acted as expected. Currenty flat now waiting for the 1.5580 area for a short, with a small stop as always.
Please note I only include my quotes not to boast, but because I try to post before a move happens how I think it will go- To busy when in a trade to post.
Attached Image (click to enlarge)
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  • #294,645
  • Dec 13, 2011 1:36pm Dec 13, 2011 1:36pm
Quoting _BBKing_
oh well
nice day today.

54 area? mmm .... hard work looking reaction near 5500 line. possible taking profits near london closings.

lets see what fomc statement say but from now on, better wait asian session imo.

good luck you all
yeah boy
  • #294,646
  • Dec 13, 2011 1:38pm Dec 13, 2011 1:38pm
Quoting Flatfish
Cable and the dollar index acted as expected. Currenty flat now waiting for the 1.5580 area for a short, with a small stop as always.
Please note I only include my quotes not to boast, but because I try to post before a move happens how I think it will go- To busy when in a trade to post.
don't think we will see 1.5580 any time soon
  • #294,647
  • Dec 13, 2011 1:41pm Dec 13, 2011 1:41pm
Quoting PoundTrader
i think price should hit 1.5512 by monday.
didn't think it will take this long, now we have to start looking at 1.5300 area, unless news change direction.
  • #294,648
  • Dec 13, 2011 2:14pm Dec 13, 2011 2:14pm
Quoting PoundTrader
didn't think it will take this long, now we have to start looking at 1.5300 area, unless news change direction.
mabe 1.5350 area by wensday
  • #294,649
  • Dec 13, 2011 2:43pm Dec 13, 2011 2:43pm
Quoting PoundTrader
mabe 1.5350 area by wensday
damn she's dropping hard, mabe we should be looking at 1.5200 area, got a funny feeling news will change this trend.
  • #294,650
  • Dec 13, 2011 2:44pm Dec 13, 2011 2:44pm
Have broken significant TL and support. Closed out 1 lot, holding 2nd until 61.8 retrace around 52 something. Hard to remember without a chart. Must get to a net cafe today.
Come with me if you want to live....
  • #294,651
  • Dec 13, 2011 2:45pm Dec 13, 2011 2:45pm
Quoting Ill-b-back
Have broken significant TL and support. Closed out 1 lot, holding 2nd until 61.8 retrace around 52 something. Hard to remember without a chart. Must get to a net cafe today.
you don't have a home computer?
  • #294,652
  • Dec 13, 2011 2:47pm Dec 13, 2011 2:47pm
To me, this has all the hallmarks of 2008. All Significznt MACDs down, weekly wedge broken, major TL broken. 52 will not be a huge effort I feel.
Come with me if you want to live....
  • #294,653
  • Dec 13, 2011 2:49pm Dec 13, 2011 2:49pm
Quoting Ill-b-back
To me, this has all the hallmarks of 2008. All Significznt MACDs down, weekly wedge broken, major TL broken. 52 will not be a huge effort I feel.
yes i was there and boy did i make a lot of money same happen back in was it 2007 around this time when she kept dropping
  • #294,654
  • Dec 13, 2011 2:50pm Dec 13, 2011 2:50pm
Quoting PoundTrader
you don't have a home computer?
Concrete cancer, moving out so building don't kill the wife, me and our baby due Monday. It ain't easy right but still making money. I see more downside to 52ish, seems a logical point to me considering price action and breaking weekly wedge.
Come with me if you want to live....
  • #294,655
  • Dec 13, 2011 2:50pm Dec 13, 2011 2:50pm
Quoting PoundTrader
yes i was there and boy did i make a lot of money same happen back in was it 2007 around this time when she kept dropping
yes 2007 when she was around 2.000 and above this thing drop all the way into the new year of 2008
  • #294,656
  • Dec 13, 2011 2:52pm Dec 13, 2011 2:52pm
Quoting Ill-b-back
Concrete cancer, moving out so building don't kill the wife, me and our baby due Monday. It ain't easy right but still making money. I see more downside to 52ish, seems a logical point to me considering price action and breaking weekly wedge.
  • #294,657
  • Dec 13, 2011 2:53pm Dec 13, 2011 2:53pm
navin whats up, did you catch any of this trend
  • #294,658
  • Dec 13, 2011 3:04pm Dec 13, 2011 3:04pm
eur/usd thread is bummping, i like the pound better the moves are stronger bur eur/usd has been moving strong too
  • #294,659
  • Dec 13, 2011 4:44pm Dec 13, 2011 4:44pm
Quoting PoundTrader
navin whats up, did you catch any of this trend

im actually in a spot of bother brother..i have longs from 1.63..i have a long term trade looking for 1.65 to get the hell out!!

still early thou..i have been in this trade 3 months now
  • #294,660
  • Dec 13, 2011 4:45pm Dec 13, 2011 4:45pm
Quoting PoundTrader
yes 2007 when she was around 2.000 and above this thing drop all the way into the new year of 2008

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