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Cable Update (GBPUSD)

  • #295,581
  • Edited 6:00pm Dec 25, 2011 5:04pm | Edited 6:00pm
Quoting nAVIN2007
haha i still dont know..but i know if i exit now..ill never know
hard part is sticking to guns..which i have become used too..if u read my post right from begining u will see i always appeared to be a trader which was looking to hold longer term..

have a lovely christmas bro!!..and i agree with yur wife u definately addicted to thread
Yes, totally I'm afraid. I was going to quit when the baby arrived home but alas it was not to be.
I will do my best to post trade calls and nothing more. No discussion as this just soaks up my day/evening time and seriously interferes with work/family life.
Come with me if you want to live....
  • #295,582
  • Dec 25, 2011 7:22pm Dec 25, 2011 7:22pm
Broker closed so system not updated to show likely weekly direction Pending long in place and feeling a little exposed Current liquidity 98percent below average thank goodness
Come with me if you want to live....
  • #295,583
  • Dec 25, 2011 7:28pm Dec 25, 2011 7:28pm
Quoting GlobalMacro
Hi All,
Hope everyone's having a great and merry Christmas.

Cable trading within April-July-August downtrend channel.

Nearby downtrend line off August-October tops indicates an

acceleration of the bearish pressure towards the base of the channel.

1.5770 barrier rejected the price clearly on three different occasions

in December culminating in ca. 150pip selloff on Friday.

This spells further weakness going forward.

Cable is trading @ 1.5590 right now as of this writing.

My stance is as follows:

Setting POs to establish...
What are your thoughts on failure to break 54 on last 2 occasions?
Come with me if you want to live....
  • #295,584
  • Dec 25, 2011 8:46pm Dec 25, 2011 8:46pm
my broker closed. from the market watch I could see them open for 36 minutes then stopped.

adding to my previous post, there is interesting PA on the daily chart. each AO crossing almost always occur pullback.

If MA 5 and 34 added then this pullback can be regarded as price action retest to the moving averages, which were acting as a dynamic Support / Resistance.

from what I read Bill Williams created AO with initial idea of the macd 5,34.
macd = moving averages convergence divergence.

Happy New Year.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: setup3.gif Size: 20 KB
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  • #295,585
  • Dec 25, 2011 8:47pm Dec 25, 2011 8:47pm
Bias: Neutral

http://lcchong.files.wordpress.com/2...ng?w=837&h=380


http://lcchong.files.wordpress.com/2...ng?w=837&h=379
  • #295,586
  • Dec 26, 2011 12:08am Dec 26, 2011 12:08am
Morning , watching if price back from below 5646 toward 5580 or 5556 or not .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #295,587
  • Dec 26, 2011 12:12am Dec 26, 2011 12:12am
volatility is surely on the crazy size this morning cause all major banks are not trading just crazy speculators in the jungle now
  • #295,588
  • Dec 26, 2011 1:18am Dec 26, 2011 1:18am
Quoting GlobalMacro
Hi All,
Hope everyone's having a great and merry Christmas.

Cable trading within April-July-August downtrend channel.

Nearby downtrend line off August-October tops indicates an

acceleration of the bearish pressure towards the base of the channel.

1.5770 barrier rejected the price clearly on three different occasions

in December culminating in ca. 150pip selloff on Friday.

This spells further weakness going forward.

Cable is trading @ 1.5590 right now as of this writing.

My stance is as follows:

Setting POs to establish short positions on...
Alright....sell orders are filled

I'm now short @ 1.5618.

Cable's trading @ 1.5620 right now.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_D.jpg Size: 58 KB
Hear the music before the song is over ...
  • #295,589
  • Dec 26, 2011 1:52am Dec 26, 2011 1:52am
sold 5620 tp 5555 watching price action for SL
Come with me if you want to live....
  • #295,590
  • Dec 26, 2011 1:54am Dec 26, 2011 1:54am
Quoting GlobalMacro
Alright....sell orders are filled

I'm now short @ 1.5618.

Cable's trading @ 1.5620 right now.
Sorry, did not see your call, just logged in.
Come with me if you want to live....
  • #295,591
  • Dec 26, 2011 3:17am Dec 26, 2011 3:17am
Quoting PoundTrader
look like il be taking a long position when market open with a t/p 1.5693
  • #295,592
  • Dec 26, 2011 3:19am Dec 26, 2011 3:19am
Poundtrader, are you long?
  • #295,593
  • Dec 26, 2011 3:20am Dec 26, 2011 3:20am
Quoting nostradamus7
Poundtrader, are you long?
yes sir
  • #295,594
  • Dec 26, 2011 3:23am Dec 26, 2011 3:23am
Quoting PoundTrader
yes sir

i might be wrong but if quarterly chart close in a few days it will be a doji..
  • #295,595
  • Dec 26, 2011 3:24am Dec 26, 2011 3:24am
Hi everyone

My broker spread is bid 15616 ask 15628 with that sort of a spread how's it possible to trade??
  • #295,596
  • Dec 26, 2011 3:26am Dec 26, 2011 3:26am
on the side line presently, too much uncertainty today
  • #295,597
  • Dec 26, 2011 3:26am Dec 26, 2011 3:26am
Quoting Ill-b-back
Yes, totally I'm afraid. I was going to quit when the baby arrived home but alas it was not to be.
I will do my best to post trade calls and nothing more. No discussion as this just soaks up my day/evening time and seriously interferes with work/family life.

ahhhh dont worry about it..u just might be focused which is a good thing
I have made more than 4k post so im one to talk..haha
  • #295,598
  • Dec 26, 2011 3:26am Dec 26, 2011 3:26am
Quoting jmtini
Hi everyone

My broker spread is bid 15616 ask 15628 with that sort of a spread how's it possible to trade??
yeah lots of brokers spreads are wide, pfgbest is 4 pips on gbp/usd witch is the best i see atm
  • #295,599
  • Dec 26, 2011 3:31am Dec 26, 2011 3:31am
Poundtrader where are you situating your stoploss?
  • #295,600
  • Dec 26, 2011 3:34am Dec 26, 2011 3:34am
long 1.5593, s/l 1.5542, t/p 1.5693
202 traders viewing now, 1 is registered:
munlee