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Cable Update (GBPUSD)

  • #299,681
  • Feb 1, 2012 12:52pm Feb 1, 2012 12:52pm
15min bat brewing, I'm short for 50pips, holding 5750 long
Come with me if you want to live....
  • #299,682
  • Edited 1:26pm Feb 1, 2012 1:12pm | Edited 1:26pm
Quoting _BBKing_
ahahaahhah
no have a secret room underground
anyway was joking about bears' hamburgers

hey look aud usd daily peak?
Thanks for the hint, checking this lady retrospective , reached crazily to daily/weekly top & a probable very great level to intiate great bear at the same time , will watch 1.0371 breaks or not .
if so all ladies to follow .
will not care though today short gu , will close /tp around 5804 to stop .if gu breaks 5795 & next 5787 confirmed with 5706 then to follow will be smooth for gu also .
will watch next day .
gold similar to au scenerios , 1750 is nothing any confirmative breaking top & go bull . still can bear & more bear towards the same 1032 or near possible . so next few days movement should be very important ,
fontu .
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 8 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #299,683
  • Feb 1, 2012 1:27pm Feb 1, 2012 1:27pm
Hello fellow traders....

Was a quite day for me today.....slept most of the day - feeling run down. Anyway....just got to the screens scalped long USD for a few pips....scalped crude oil long for a few ticks.....then got to looking at things and the POUND daily chart......seeing how price is hitting the 200 ema on the futures chart.....we will either blast through it or have a little pull back.....I am looking for a little pull back so I put a short on cable at 1.5830 futures price which is = to 1.5835 forex price........going to give it a little room here......posting a quick chart with a few notes on it.

Hope all had a good trading day....

Cheers,

Faller.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart of GLOBEX~@6BH2 - Pullback.jpg Size: 139 KB
I don't trust any move - when you have profit...take it.
  • #299,684
  • Feb 1, 2012 1:49pm Feb 1, 2012 1:49pm
I came across this article after I took my position in Cable - it is well written and provides some good information as to what professional traders look at.......


http://www.forbes.com/sites/greatspe...british-pound/

I am not trying to tell anyone what to do with their trades.....just sharing information that I found......I thought it was a good read.

Enjoy.

Faller.
I don't trust any move - when you have profit...take it.
  • #299,685
  • Feb 1, 2012 2:16pm Feb 1, 2012 2:16pm
Hi Faller, thx for that . What price is your 200ema at? Mine is around 5808 or so. My chart is showing a retrace to retest the 200ema from above before a possible bullish move to strong resistance/50fib/60sma at 5990ish. What are your thoughts. Your chart seems to show the 200 as resistance while mine us showing it as possible support. Amazing what a difference a few pips can make to perspective
Come with me if you want to live....
  • #299,686
  • Feb 1, 2012 2:18pm Feb 1, 2012 2:18pm
Quoting Ill-b-back
Hi Faller, thx for that . What price is your 200ema at? Mine is around 5808 or so. My chart is showing a retrace to retest the 200ema from above before a possible bullish move to strong resistance/50fib/60sma at 5990ish. What are your thoughts. Your chart seems to show the 200 as resistance while mine us showing it as possible support. Amazing what a difference a few pips can make to perspective
hope u making pips bro..
  • #299,687
  • Feb 1, 2012 2:23pm Feb 1, 2012 2:23pm
Quoting nAVIN2007
hope u making pips bro..
Heaps thx my friend. I am experimenting with scalping along the way also while holding main position. It's kinda cool, haven't done it before. How's tricks??
Come with me if you want to live....
  • #299,688
  • Feb 1, 2012 2:26pm Feb 1, 2012 2:26pm
Quoting Ill-b-back
Heaps thx my friend. I am experimenting with scalping along the way also while holding main position. It's kinda cool, haven't done it before. How's tricks??

well actually had a bad day..i placed an order to buy ipad 2 ..looks like i was deceived (waxwi.com)..lost perhaps 467 pounds..not sure if it was jacko

so i need this mofo to go where i need it too go..then i day trade with u guys..the sooner the better..anyway..i hope u learning a thing or two..all these little bit and pieces u pick up along the way will help make u tough as nails


if 1.59 holds as support i have excellent chances..otherwise it may be a great sell
  • #299,689
  • Feb 1, 2012 2:28pm Feb 1, 2012 2:28pm
Quoting nAVIN2007
hope u making pips bro..
Thx also for the encouragement to be patient and trust the charts. Now ignoring NEWS sentiment. It's all hogwash I think Cheers to you bro...
Come with me if you want to live....
  • #299,690
  • Feb 1, 2012 2:28pm Feb 1, 2012 2:28pm
Quoting Ill-b-back
Hi Faller, thx for that . What price is your 200ema at? Mine is around 5808 or so. My chart is showing a retrace to retest the 200ema from above before a possible bullish move to strong resistance/50fib/60sma at 5990ish. What are your thoughts. Your chart seems to show the 200 as resistance while mine us showing it as possible support. Amazing what a difference a few pips can make to perspective


Well my friend I am not sure how you have your charts setup.....but I will post you my pound daily chart forex first....and the second chart is the futures for the pound......both charts on the daily are below the 200 ema.....I posted the pound forex chart the other night. Hope this helps you....but price is under the 200 ema on both charts...and as you can see we have a death cross also...50 ema crossed below 200 ema.....on the daily forex chart.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Chart of IDEALPRO~#GBP.USD Forex.jpg Size: 145 KB
Click to Enlarge Name: Chart of GLOBEX~@6BH2 - Pullback.jpg Size: 139 KB
I don't trust any move - when you have profit...take it.
  • #299,691
  • Feb 1, 2012 2:35pm Feb 1, 2012 2:35pm
Quoting nAVIN2007
well actually had a bad day..i placed an order to buy ipad 2 ..looks like i was deceived (waxwi.com)..lost perhaps 467 pounds..not sure if it was jacko

so i need this mofo to go where i need it too go..then i day trade with u guys..the sooner the better..anyway..i hope u learning a thing or two..all these little bit and pieces u pick up along the way will help make u tough as nails


if 1.59 holds as support i have excellent chances..otherwise it may be a great sell
So sorry to hear that nAV, give me their address, I have some friends in low places who will have them for lunch. Yeah, toughens you up, but I'm an Aussie bro, already TOUGH!!
Come with me if you want to live....
  • #299,692
  • Feb 1, 2012 2:35pm Feb 1, 2012 2:35pm
Keeping things honest here.....as I always do.......here is my trading platform showing my results for the day....and my current position in cable.
Attached Image (click to enlarge)
Click to Enlarge Name: Trading Platform Feb 1, 2012.png Size: 94 KB
I don't trust any move - when you have profit...take it.
  • #299,693
  • Feb 1, 2012 2:37pm Feb 1, 2012 2:37pm
Quoting fontu
Thanks for the hint, checking this lady retrospective , reached crazily to daily/weekly top & a probable very great level to intiate great bear at the same time , will watch 1.0371 breaks or not .
if so all ladies to follow .
will not care though today short gu , will close /tp around 5804 to stop .if gu breaks 5795 & next 5787 confirmed with 5706 then to follow will be smooth for gu also .
will watch next day .
gold similar to au scenerios , 1750 is nothing any confirmative breaking top & go bull . still can bear & more bear towards the same 1032...
yes that's exactly what i mean!!
i closed few seconds ago a short from 0730. now waiting new daily candle patiently. im ready to overload it in short! at least this area should reject something everytime price will approach it! tomorrow i expect heavy profit takings before london closings because of nfp friday.
lets see! i smell huge fast pips around the corner
90% of traders use TA, indicators and prediction
  • #299,694
  • Feb 1, 2012 2:38pm Feb 1, 2012 2:38pm
Quoting Ill-b-back
So sorry to hear that nAV, give me their address, I have some friends in low places who will have them for lunch. Yeah, toughens you up, but I'm an Aussie bro, already TOUGH!!


Quoting Faller
Keeping things honest here.....as I always do.......here is my trading platform showing my results for the day....and my current position in cable.
that how to do it!!
  • #299,695
  • Feb 1, 2012 2:38pm Feb 1, 2012 2:38pm
Hmm on my way home for breakfast, will look at my chart again. Just as well I put a short on before going to work. Got to go now, driving. Good luck to all.
Come with me if you want to live....
  • #299,696
  • Feb 1, 2012 2:40pm Feb 1, 2012 2:40pm
Cable Daily 200 EMA 1.5813 or so,
Cable Daily 200 SMA 1.5953

Daily 50 ema has NOT crossed 200.
  • #299,697
  • Feb 1, 2012 2:41pm Feb 1, 2012 2:41pm
just to share that im also in profits
interesting to see amount lot decrease and profit up!
for who knows what it means... its a great thing for my balance and MM!
Attached Image (click to enlarge)
Click to Enlarge Name: Immagine.jpg Size: 32 KB
90% of traders use TA, indicators and prediction
  • #299,698
  • Feb 1, 2012 3:01pm Feb 1, 2012 3:01pm
Quoting Mpt
Cable Daily 200 EMA 1.5813 or so,
Cable Daily 200 SMA 1.5953

Daily 50 ema has NOT crossed 200.
I think they are talking about the bear cross that has happened, screeeech, crash!!!
Come with me if you want to live....
  • #299,699
  • Feb 1, 2012 3:14pm Feb 1, 2012 3:14pm
Quoting Faller
Well my friend I am not sure how you have your charts setup.....but I will post you my pound daily chart forex first....and the second chart is the futures for the pound......both charts on the daily are below the 200 ema.....I posted the pound forex chart the other night. Hope this helps you....but price is under the 200 ema on both charts...and as you can see we have a death cross also...50 ema crossed below 200 ema.....on the daily forex chart.
Is that close or high setting Faller?
Come with me if you want to live....
  • #299,700
  • Feb 1, 2012 3:35pm Feb 1, 2012 3:35pm
Quoting Ill-b-back
Is that close or high setting Faller?

well errrr ummmm - it is the daily candle and it is open high low close candle......so errr ummmm the close is the close......

not sure about a setting to change my candles to close at the high????

why would you want them to close at the high that is what the wick is for.
I don't trust any move - when you have profit...take it.
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