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Cable Update (GBPUSD)

  • #295,181
  • Dec 20, 2011 10:03am Dec 20, 2011 10:03am
Sold GBP/USD 1.5690
TP 1.5590
SL 1.5790
  • #295,182
  • Dec 20, 2011 10:09am Dec 20, 2011 10:09am
Quoting Faller
long cable here - for those of you that do not know me I trade futures so my numbers are a little different then yours by about 10 pips. I am long from 1.5486 (futures) equal to forex price of 1.5499 ish.

Posting a one hour chart - break the down trend line and we are off to the races. I really like the bounce back in cable as well as oil and the market after that knee jerk reaction this afternoon to the ESFS news that came out of the Euro Zone -

So far so good - also good numbers out of Britain tonight.....lets see how far this one can run.

Cheers...

congrats to all that took the trade....

cheers!
I don't trust any move - when you have profit...take it.
  • #295,183
  • Dec 20, 2011 10:12am Dec 20, 2011 10:12am
Quoting leerees
Nice work, I am short but I have very low lot sizes.

I've found hedging can be better than SL's for rescuing trades provided that you do not break the 2% equity drawdown rule.

I look where supply and demand zones are and trail one side of the hedge upto that.

I closed out my long hedge at 5681 just before the supply zone. she appears to be falling now, of course if we get another leg up I'll close out the trades and loose 2%. But like i said, it's nice to have a second chance.
i just trade what i see, i'm no expert... i trade manually . tbh i dont even understand what you are on about.
All systems of divination, like music itself,work through patterns.
  • #295,184
  • Edited 10:47am Dec 20, 2011 10:16am | Edited 10:47am
Quoting Faller
congrats to all that took the trade....

cheers!
Well done & well predicted , no , did not took the long yet & took some loss actually reducing my lot to be comfortable just before my last analysis ( mistake> sudden flight of thought & action immediately ) .
ok , lets see ,waiting break 5660 towards limit 5556 preferably over 5572 before further bull if there again . or eu 3107 to signal for . got it & now preparing short from 5684-89 areas or so .
another signal with breaks eu 3080 for move there 3043 & gu, au both late for gu 5638-5578 & au 1.0015-0.9973.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #295,185
  • Dec 20, 2011 11:29am Dec 20, 2011 11:29am
sell gbpusd now take profit at 1.5600
  • #295,186
  • Edited 12:42pm Dec 20, 2011 12:18pm | Edited 12:42pm
Quoting Mr_H
sell gbpusd now take profit at 1.5600
Nothing confirm there till 5647 broken , eu signal ok for if 3083 correspondingly.lets see , hope do with usd breaks 79.98 !! previously usdx broken 79.85 should be enough signal for gu 5647 breaks though . anyway if now breaks 5656 & hold should do that easily towards 5624 level. if so then 5638 breaks will be another signal for about 5578 .waitng .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #295,187
  • Dec 20, 2011 12:48pm Dec 20, 2011 12:48pm
dont expect that post will close so early..should b the lucky one!
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  • #295,188
  • Dec 20, 2011 12:55pm Dec 20, 2011 12:55pm
Quoting kaspopsicle
i just trade what i see, i'm no expert... i trade manually . tbh i dont even understand what you are on about.
That's because he's talking hedging balderdash. Don't even go there.
Gone to a better place
  • #295,189
  • Dec 20, 2011 12:56pm Dec 20, 2011 12:56pm
that trendline looking good..should be the tough one to breakhttp://www.forexfactory.com/images/icons/icon12.gifhttp://www.forexfactory.com/images/icons/icon12.gif
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  • #295,190
  • Dec 20, 2011 1:09pm Dec 20, 2011 1:09pm
usdx looks nice & promising , gu also seeing broken 5656 , next 47 to start for 5600 . ok so far.everybody happy with longs & left perhaps , me /may be many of you still here at this night my time as doing only short , no long .almost no volume & snail movements. anyway breaks confirm will leave for the day .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #295,191
  • Dec 20, 2011 1:16pm Dec 20, 2011 1:16pm
hi Fontu. would like to see break above 8038.2... i understand we have different data feed...thanks for your contributions as ever.
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All systems of divination, like music itself,work through patterns.
  • #295,192
  • Dec 20, 2011 1:41pm Dec 20, 2011 1:41pm
Quoting kaspopsicle
hi Fontu. would like to see break above 8038.2... i understand we have different data feed...thanks for your contributions as ever.
Yeah what about to tell , yes very different chart , as per your chart should be yes to confirm the correction . mine 79.85 breaks already done this & confirmation breaks with 79.98 for next 80.10 or 80.23 ( should be this & breaks also over ) safe before any turmoil next .late a little , my modem closed due hot .

thanks ,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #295,193
  • Dec 20, 2011 2:01pm Dec 20, 2011 2:01pm
long as daily close stay above 1.5637, we have a short.
  • #295,194
  • Dec 20, 2011 2:41pm Dec 20, 2011 2:41pm
im thinking to go long here now 5660.
90% of traders use TA, indicators and prediction
  • #295,195
  • Dec 20, 2011 2:47pm Dec 20, 2011 2:47pm
Quoting _BBKing_
im thinking to go long here now 5660.

i think it is early..but i see a potential bull flag..w are above weekly high and this needs to become support to take meh higher
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  • #295,196
  • Dec 20, 2011 2:56pm Dec 20, 2011 2:56pm
Quoting _BBKing_
im thinking to go long here now 5660.
mmm
better i go to bed.
anyway last time seen around 5700.....price came back down very fast. do you remember?

today we came here from 5500, confirming a double bottom in 1.54 in daily chart.
imo, supply is higher than 1.5700! what about 1.5760?
90% of traders use TA, indicators and prediction
  • #295,197
  • Dec 20, 2011 2:59pm Dec 20, 2011 2:59pm
Quoting nAVIN2007
i think it is early..but i see a potential bull flag..w are above weekly high and this needs to become support to take meh higher
totaly agree!
that's why better long here instead of a short!
shorts only if n once 5660 taken out and tested as resistance.
but in that case,..... target would be for some 20-30 pips.

so, big money imo are still ready to buy this thing!
just my opinion
90% of traders use TA, indicators and prediction
  • #295,198
  • Dec 20, 2011 3:01pm Dec 20, 2011 3:01pm
Quoting PoundTrader
long as daily close stay above 1.5637, we have a short.
Oh man, your messing with my head, I'm sure of it.
Come with me if you want to live....
  • #295,199
  • Dec 20, 2011 3:02pm Dec 20, 2011 3:02pm
Quoting Ill-b-back
Oh man, your messing with my head, I'm sure of it.
  • #295,200
  • Dec 20, 2011 3:07pm Dec 20, 2011 3:07pm
Quoting _BBKing_
totaly agree!
that's why better long here instead of a short!
shorts only if n once 5660 taken out and tested as resistance.
but in that case,..... target would be for some 20-30 pips.

so, big money imo are still ready to buy this thing!
just my opinion

yes i agree bro..we moved a lot of pips today..that mean the big money is in the game..it is safer to long than short..but never know these days, market news is hectic

this is the best scenero for long..big move, consolidate move up..i rather see this than retrace
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