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Cable Update (GBPUSD)

  • #295,381
  • Dec 22, 2011 4:01am Dec 22, 2011 4:01am
likley knee-jerk sell on that current a/c data but market generally buoyed up then by the upside revision to Q3 Gdp - uk to +0.6%

G/L
ex member
  • #295,382
  • Dec 22, 2011 4:17am Dec 22, 2011 4:17am
im short at 1.5660 and 1.5696, s/l 1.5822, t/p 1.5603


shes looking like she wanna shoot for the moon taking my stop loss with her with her
  • #295,383
  • Dec 22, 2011 4:32am Dec 22, 2011 4:32am
gold have some bearish movement. think that will affect GU soon
  • #295,384
  • Dec 22, 2011 4:34am Dec 22, 2011 4:34am
Quoting PoundTrader
im short at 1.5660 and 1.5696, s/l 1.5822, t/p 1.5603


shes looking like she wanna shoot for the moon taking my stop loss with her with her
Oh c'mon bro, 55829 looks good to me (eventually), once my indis sort themselves out which could take a while. Although anything could happen for sure
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Come with me if you want to live....
  • #295,385
  • Dec 22, 2011 4:37am Dec 22, 2011 4:37am
Quoting Ill-b-back
Oh c'mon bro, 55829 looks good to me (eventually), once my indis sort themselves out which could take a while. Although anything could happen for sure
If we can just get below that yellow 200ema, we'll be home free I think.
(aaarrrggg)
Come with me if you want to live....
  • #295,386
  • Dec 22, 2011 4:37am Dec 22, 2011 4:37am
Quoting Ill-b-back
Oh c'mon bro, 55829 looks good to me (eventually), once my indis sort themselves out which could take a while. Although anything could happen for sure
i know been doing this for 10yrs now think im going crazy time for a new business
  • #295,387
  • Dec 22, 2011 4:39am Dec 22, 2011 4:39am
Quoting dremstar
gold have some bearish movement. think that will affect GU soon
gold always effect the dollar so any pair with usd in it will help
  • #295,388
  • Dec 22, 2011 4:41am Dec 22, 2011 4:41am
Quoting nAVIN2007
i dont even look at news..trading is difficult enough..its tricky yesterday dailly aint good but maybe a trap..if havent fallen below the low of yesterday so a short is dangerous..thats the trap
I agree, I don't trade news either, but I do look at it from time to time because I am curious how news items often come out at important technical levels to justify the move. I have what is likely a misplaced theory that the whole thing is rigged to divert us from paying close attention to our charts and trading technical patterns/levels etc.
Come with me if you want to live....
  • #295,389
  • Dec 22, 2011 4:46am Dec 22, 2011 4:46am
hi all
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  • #295,390
  • Dec 22, 2011 4:52am Dec 22, 2011 4:52am
Currently short but movement lacking so far. 1 hr looks like we could have the appearence of the caped crusader. Euro still looking like a fighter on the ropes, so need to be careful of getting caught with a sucker punch. Looks like market will wait for US data, so will close before that and look to reenter short.
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  • #295,391
  • Dec 22, 2011 4:55am Dec 22, 2011 4:55am
Quoting Flatfish
Currently short but movement lacking so far. 1 hr looks like we could have the appearence of the caped crusader. Euro still looking like a fighter on the ropes, so need to be careful of getting caught with a sucker punch. Looks like market will wait for US data, so will close before that and look to reenter short.
yur chart shows bearish diverence as well..against my positions..hope it doesnt trigger
  • #295,392
  • Dec 22, 2011 4:57am Dec 22, 2011 4:57am
Wonder how many are playing the potential H&S on 1hr/4hr ?

Generally rangy intraday atm, 50sma - 1hr and steepest 1hr ascending trend line at the current 1hr candle lo.

Outa here

G/L
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ex member
  • #295,393
  • Dec 22, 2011 4:58am Dec 22, 2011 4:58am
Quoting Ill-b-back
I agree, I don't trade news either, but I do look at it from time to time because I am curious how news items often come out at important technical levels to justify the move. I have what is likely a misplaced theory that the whole thing is rigged to divert us from paying close attention to our charts and trading technical patterns/levels etc.
my view on the whole thing is justification, human weakness..u ever notice everything is justified..its the chicken egg story..what comes first


news or chart?..i say chart
if u listen to news u cant long term trade effectively..because news is emotional and system needs to be mechanical

this is why poundtrader is something else the some bitch dont even use charts..lol (and been here 10 years)
poundtrader
  • #295,394
  • Dec 22, 2011 5:33am Dec 22, 2011 5:33am
scalp ..
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  • #295,395
  • Dec 22, 2011 5:53am Dec 22, 2011 5:53am
Good luck everyone, wife and new baby need me and this forum is far too addictive for me. I will still trade but this pirate must leave this discussion. I love this place too much so must leave unfortunately, priorities are elsewhere. Perhaps when the kid leaves home I shall return.
Come with me if you want to live....
  • #295,396
  • Dec 22, 2011 6:01am Dec 22, 2011 6:01am
Quoting Mr.C
The trade didn't go by the best plan for me. But hiding SL at the very best place is sometimes the B plan which also goes with the initial plan. I don't like the idea that main move of the month has changed to up. We have already reached the TP1 point @ 1.5649 and I think that we now might jump back to ~1.5717. Afterwords the 1.5629 area is most likely to be reached. If not today - tomorrow then. But it all depends on the near future PA given. As you might see I've already saved some profits. And am moving my SL to +1 now.
Done.
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Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #295,397
  • Dec 22, 2011 6:35am Dec 22, 2011 6:35am
update...
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  • #295,398
  • Dec 22, 2011 7:14am Dec 22, 2011 7:14am
My current view. So looking for some sell trades.
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  • #295,399
  • Dec 22, 2011 7:26am Dec 22, 2011 7:26am
back , so no validation yet , may this news next less 5 min to see if done 124 pips potential below 5649 .if all ok , next care level 5560/80 / bo level around 5520 .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #295,400
  • Dec 22, 2011 7:29am Dec 22, 2011 7:29am
Quoting Flatfish
My current view. So looking for some sell trades.
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