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Cable Update (GBPUSD)

  • #299,981
  • Feb 5, 2012 7:21pm Feb 5, 2012 7:21pm
Quoting Ill-b-back
Just remembered this post. Good call
Why, thank you sir!

We are still there now, will accept a bit more Asian session weakness, down to the trend line I'm sure ALL have seen by now, this is for long on 1 hour chart for me, if there is breakdown, larger price action on daily maybe having more strength, you thoughts?

Either way, we should have a trade today!

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It takes a lot for me to IGNORE you, but you can try.
  • #299,982
  • Feb 5, 2012 7:58pm Feb 5, 2012 7:58pm
Quoting Erebus
Why, thank you sir!

We are still there now, will accept a bit more Asian session weakness, down to the trend line I'm sure ALL have seen by now, this is for long on 1 hour chart for me, if there is breakdown, larger price action on daily maybe having more strength, you thoughts?

Either way, we should have a trade today!

Yep, breakdown is possible, hard to see posted charts on my phone unfortunately . Yes expecting a flat day today while things catch up. Just had a REALLY strange experience at work. I asked the ranger on duty at Davidson National Park (a reasonably cute blonde) for the key to their electrical box to do some work. She handed me 2 keys and said "I'm not sure if it's the silver or black one". Then she gave me a very suggestive look with a cheeky grin and said "but black usually opens more things around here". I literally nearly fell over I was so surprised. I bit my lip as I thought to myself "if only I wasn't married and if only I was black". Oh well...
Come with me if you want to live....
  • #299,983
  • Feb 5, 2012 8:02pm Feb 5, 2012 8:02pm
Quoting Erebus
Why, thank you sir!

We are still there now, will accept a bit more Asian session weakness, down to the trend line I'm sure ALL have seen by now, this is for long on 1 hour chart for me, if there is breakdown, larger price action on daily maybe having more strength, you thoughts?

Either way, we should have a trade today!

You're welcome by the way
Come with me if you want to live....
  • #299,984
  • Edited 8:08pm Feb 5, 2012 8:04pm | Edited 8:08pm
Fellow traders.....as you all get excited about this nice run up in the cable.....please remember to watch Feb 9th very close - http://www.forexfactory.com/calendar...y=2012-2-9&c=2

Look at the asset purchase facility numbers.......going higher it would appear.....Posen said that they would increase QE......this have very grave affects for Cable.......not looking pretty - if people remember my posts from last week....I was showing charts for a pullback in cable.......trade safe.

I am posting the daily chart for cable futures that I posted a few days back....it no new notes....just a few more candle sticks on the chart......time will tell.

Faller.
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I don't trust any move - when you have profit...take it.
  • #299,985
  • Feb 5, 2012 8:10pm Feb 5, 2012 8:10pm
As well.....

I want to mention that I am short cable....new position just started tonight at 9pm.....I will post my chart and trading platform if people wish to see.....but I am sure you know by now that I do not bullshit.......

short cable 1.5799 - futures price.....equal to 1.5802 forex.


Faller.
I don't trust any move - when you have profit...take it.
  • #299,986
  • Feb 5, 2012 8:12pm Feb 5, 2012 8:12pm
More QE along with di$k F*$k greece - as we can see from tonight the USD is gaining strenght.....look at the USDX daily chart........

watch your longs.....watch your shorts.......this market is primed to move big......look at Dow, ES, and NQ - trade safe....

Faller
I don't trust any move - when you have profit...take it.
  • #299,987
  • Feb 5, 2012 8:17pm Feb 5, 2012 8:17pm
Posting a chart of where price should want to gravitate to......should test the low from Friday.....the Pink line on the chart.

Faller.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart of GLOBEX~@6BH2 Friday Low.jpg Size: 167 KB
I don't trust any move - when you have profit...take it.
  • #299,988
  • Feb 5, 2012 8:37pm Feb 5, 2012 8:37pm
I also want to share with my fellow traders in here.....that I am not perfect.......I try to be very selective with my trades....but we all have losses....and as you know I do show my losses as well when I post my trading platform. So while I sit here watch my current trade in cable - I want to share my trading platform again to show my Sunday night results. As you can see I have a loss on oil of $215 dollars or 21 ticks. I went long crude oil because I let the news affect my decision making.....I kept reading tonight how Israel is going to attack Iran blah blah blah....so I got it in my hear that oil was going to go up....even though when I looked at my charts and my indicators and everything that I look at and it told me that oil was going to go down tonight........I got away from my basic principle trade what you see not what you think. News can F you up - it is important to know what is going on in the world and how it can affect prices....but at the end of the day you have to trade what you see and a lot of times it does not make sense to what you THINK should be happening.

Anyway - here is my trading platform results from tonight.....just wanted to share some thoughts.

Faller.
Attached Image (click to enlarge)
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I don't trust any move - when you have profit...take it.
  • #299,989
  • Feb 5, 2012 9:22pm Feb 5, 2012 9:22pm
Good Night Fellow Traders....

I took profit...and going to bed now. See you at London.

Here is my trading platform with positions closed - and my chart showing my exit.

Cheers and good night.

Faller.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Chart of GLOBEX~@6BH2 Took Profit.jpg Size: 167 KB
I don't trust any move - when you have profit...take it.
  • #299,990
  • Feb 5, 2012 9:45pm Feb 5, 2012 9:45pm
Quoting bashi_bd
Hi Everyone,

I am a new trader. Just traded couple of days. Managed to make a profit of mere £3.

I am reading all the guidelines and tips how to make money but it seems very elusive.

I noticed that the marked GBP/USD going up and down every day in a rhythmic manner.


Could anyone tell me that if it is wise to follow the rhythm and maka a move.
What ever you do, do not listen to TurveyD. He has never made any money trading currencies. He is not making any money now. He talks , that's all he's done for years. HE IS NOT MAKING MONEY.
  • #299,991
  • Feb 5, 2012 9:52pm Feb 5, 2012 9:52pm
Quoting TheGreatMilenko
What ever you do, do not listen to TurveyD. He has never made any money trading currencies. He is not making any money now. He talks , that's all he's done for years. HE IS NOT MAKING MONEY.

I read his earlier post and kind of scratched my head...what experience do you have with that trader that you say he is not making money. Did he take you down a wrong path. Please share so people know who they are dealing with here.......

Thank you.

Faller.

keep it real
I don't trust any move - when you have profit...take it.
  • #299,992
  • Feb 5, 2012 10:00pm Feb 5, 2012 10:00pm
please.. let's back to trading shall we..


asian stock markets and us futures turn green so far.
as my previous post this is my buying area with SL at 5707.

but that just me
  • #299,993
  • Feb 5, 2012 10:07pm Feb 5, 2012 10:07pm
that's what you get here in the EURUSD thread, oh wait, this is ......

It takes a lot for me to IGNORE you, but you can try.
  • #299,994
  • Feb 5, 2012 10:13pm Feb 5, 2012 10:13pm
Quoting gsantri
please.. let's back to trading shall we..


asian stock markets and us futures turn green so far.
as my previous post this is my buying area with SL at 5707.

but that just me

I see you edited your post to add something regarding trading......why not just make a new post?

And if you are going to tell us Asia is in the green...why not tell us what percentage they are up....tell us what the volume is like tell us why they are up.....why is DOW down 35, ES down 4 and NQ down 4.5 while asia is up? why why why? That would be good trading talk.
I don't trust any move - when you have profit...take it.
  • #299,995
  • Edited 10:59pm Feb 5, 2012 10:28pm | Edited 10:59pm
Test..
still profit
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  • #299,996
  • Edited 12:32am Feb 6, 2012 12:30am | Edited 12:32am
Quoting abdul_halim
Test..
still profit
update..
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  • #299,997
  • Feb 6, 2012 12:31am Feb 6, 2012 12:31am
Have cut buy loss short. Now selling down to the 4hr 60sma/TL. Tp1 there then watch PA
Come with me if you want to live....
  • #299,998
  • Feb 6, 2012 12:44am Feb 6, 2012 12:44am
Morning , so price below the intial range now & waiting see now how reacts and bull can try still or correct down at 5749 & 5706 , eu 3053 & 3025 .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #299,999
  • Feb 6, 2012 12:54am Feb 6, 2012 12:54am
daily 10ema looks good also
Come with me if you want to live....
  • #300,000
  • Feb 6, 2012 12:55am Feb 6, 2012 12:55am
chart sorry
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Come with me if you want to live....
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