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Cable Update (GBPUSD)

  • #299,501
  • Jan 30, 2012 7:35pm Jan 30, 2012 7:35pm
Quoting Ill-b-back
small trade. SL 5647, target 58
SL -BE
Come with me if you want to live....
  • #299,502
  • Jan 30, 2012 8:26pm Jan 30, 2012 8:26pm
Quoting Ill-b-back
SL -BE
why stoploss at BE?
  • #299,503
  • Jan 30, 2012 9:09pm Jan 30, 2012 9:09pm
Quoting mano940
why stoploss at BE?
To prevent loss?? Is that a trick question?
Come with me if you want to live....
  • #299,504
  • Jan 30, 2012 9:35pm Jan 30, 2012 9:35pm
Quoting Ill-b-back
To prevent loss?? Is that a trick question?
Actually Mano, if your thinking Frankie/London may take me out unnecessarily, good point. I might reconsider
Come with me if you want to live....
  • #299,505
  • Jan 30, 2012 9:35pm Jan 30, 2012 9:35pm
Quoting Ill-b-back
To prevent loss?? Is that a trick question?
oh no no.....i was just asking u the simple reason of changing sl........no other trick behind this
  • #299,506
  • Jan 30, 2012 9:39pm Jan 30, 2012 9:39pm
Quoting mano940
oh no no.....i was just asking u the simple reason of changing sl........no other trick behind this
the thing is, this is not a trade by my usual system, so I don't trust it as much. This pair can be as mad as hell sometimes. Sorry dude
Come with me if you want to live....
  • #299,507
  • Jan 30, 2012 9:58pm Jan 30, 2012 9:58pm
Quoting Ill-b-back
the thing is, this is not a trade by my usual system, so I don't trust it as much. This pair can be as mad as hell sometimes. Sorry dude
Really hoping this doesn't retrace much further than 5720.
Come with me if you want to live....
  • #299,508
  • Jan 30, 2012 10:23pm Jan 30, 2012 10:23pm
Quoting Ill-b-back
Really hoping this doesn't retrace much further than 5720.
but i think buy is dangerous at the moment
  • #299,509
  • Jan 30, 2012 10:41pm Jan 30, 2012 10:41pm
Quoting mano940
but i think buy is dangerous at the moment
Am going to take some of nAVs advice and hold this one a little longer. New TP 5975 (just short of 50 retrace/resistance and weekly 60sma. If I get a short signal, will hedge down.
Come with me if you want to live....
  • #299,510
  • Jan 30, 2012 10:53pm Jan 30, 2012 10:53pm
GU short:


Target 1.57

and then reverse
Attached Image (click to enlarge)
Click to Enlarge Name: gu pattern trade.gif Size: 12 KB
BEING PROFESSIONAL IS ALL ABOUT HOW YOU CONTROL FASTEST THING--UR MIND!
  • #299,511
  • Jan 30, 2012 11:39pm Jan 30, 2012 11:39pm
Quoting Ill-b-back
the thing is, this is not a trade by my usual system, so I don't trust it as much. This pair can be as mad as hell sometimes. Sorry dude
but GBP/USD is still my favorit pair to trade because it is easily to predict not like YEN and Frank that has lots of intervensi from their central bank. For trade GU i think technical analysis is enough, but to trade YEN and CHF i better to combine fundamental analysis and technical analysis, especialy about their central bank policy.
  • #299,512
  • Jan 30, 2012 11:42pm Jan 30, 2012 11:42pm
Quoting Ill-b-back
Am going to take some of nAVs advice and hold this one a little longer. New TP 5975 (just short of 50 retrace/resistance and weekly 60sma. If I get a short signal, will hedge down.
oh well....let see
  • #299,513
  • Jan 30, 2012 11:56pm Jan 30, 2012 11:56pm
Quoting honeybhi
GU

So far WP holding at 1.5658 .

Above WP 1.5769 and 1.5881 and

Below WP 1.5547 and 1.5434 are my targets ...
Closing longs here. Waiting to see how monthly closes....
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 100 KB
  • #299,514
  • Edited 1:07am Jan 31, 2012 12:08am | Edited 1:07am
I see bull won in the morning but np post so far , anyway expecting a mofu range around here beforef urther decision as to how the crazy should run up before break down or final breakdown .
crazies usually run till death , they do not have confidence to give any correction & follow any regular price action ,so non stop .
next level stop expecting 5754 to 65 before back 5709-02 . scalping doing as per . as is in mofu waves may not work at all & levels subject to change any . next important level for bull breaks the lowest failure level previous 5773. if able break this time then next time may go for limit level 5875 if can escape mofu formation , crazy continues . waiting see failure around this level 5766 or so to sc hort scalping when see it.
lets see .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: gu3.gif Size: 16 KB
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  • #299,515
  • Jan 31, 2012 12:45am Jan 31, 2012 12:45am

will come back after i wake up.
deep sleep night....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.gif Size: 25 KB
Click to Enlarge Name: gu2.gif Size: 23 KB
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  • #299,516
  • Jan 31, 2012 12:52am Jan 31, 2012 12:52am
Quoting dantebreath
but GBP/USD is still my favorit pair to trade because it is easily to predict not like YEN and Frank that has lots of intervensi from their central bank. For trade GU i think technical analysis is enough, but to trade YEN and CHF i better to combine fundamental analysis and technical analysis, especialy about their central bank policy.
Mine too, it's all I trade. Most predictable I agree, if patient for set up IMO I used to LOVE the Euro/yen but sucks now in my book
Come with me if you want to live....
  • #299,517
  • Jan 31, 2012 12:56am Jan 31, 2012 12:56am
Quoting mano940
oh well....let see
My SL is below swing low dude
Come with me if you want to live....
  • #299,518
  • Jan 31, 2012 1:11am Jan 31, 2012 1:11am
bunch people wiped out already

http://www.myfxbook.com/community/outlook
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  • #299,519
  • Jan 31, 2012 1:19am Jan 31, 2012 1:19am
Quoting honeybhi
GU

So far WP holding at 1.5658 .

Above WP 1.5769 and 1.5881 and

Below WP 1.5547 and 1.5434 are my targets ...
First resistance here
  • #299,520
  • Jan 31, 2012 2:01am Jan 31, 2012 2:01am
5 min chart is not like 2 years before now its full of news spikes, we loss the price action
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