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Cable Update (GBPUSD)

  • #300,701
  • Feb 16, 2012 5:12am Feb 16, 2012 5:12am
Quoting smikester
Thank you and to Flatfish too for adding some sanity. I do see some support at 1.5668 but it's a down day and I doubt if it will hold through NY unless some news throws a curver.
Thats why im a bit more cautious not at London open but US open... like any Friday of the week... the Profit taking flow at the end of the US session is somewhat unpredictable...
and US open is wehre i see most of the activity for today...
Still in relax mode for now
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #300,702
  • Feb 16, 2012 5:15am Feb 16, 2012 5:15am
Quoting bguguen
Lol... nice post... ive been warning everyone 2 weeks ago... that USD is gona strengthen... i even posted a chart to back it up... i saw the USDX changing direction like 2 weeks ago... thats why i've been positioning to long everything Dollar... as you can see from the trades i posted today..
i hope people could learn to read the bigger picture now... lol

How are you though??
having an enjoyable breakfast at myside
Thank you. I'm fine but shouldn't be wasting time posting here. Flatfish is right, there's not much to trade here today - maybe a sell stop under this hourly consolidation - but I did add a short EUR/GBP under the bearish hourly candle straddling .8300 which is a big number there.

Flatfish! Post more please...

Enjoy your breakfast.. (Looks at watch...)
Gone to a better place
  • #300,703
  • Feb 16, 2012 5:15am Feb 16, 2012 5:15am
Quoting bguguen
Lol... nice post... ive been warning everyone 2 weeks ago... that USD is gona strengthen... i even posted a chart to back it up... i saw the USDX changing direction like 2 weeks ago... thats why i've been positioning to long everything Dollar... as you can see from the trades i posted today..
i hope people could learn to read the bigger picture now... lol

How are you though??
having an enjoyable breakfast at myside
+1 my friend I remember that when you said it,also remember some clown busting here with monthly charts and how this quote {rocket gonna fly to 1.60}.
  • #300,704
  • Feb 16, 2012 5:25am Feb 16, 2012 5:25am
There is a double bottom forming on the H4. Hahah hehehe...
Gone to a better place
  • #300,705
  • Feb 16, 2012 5:25am Feb 16, 2012 5:25am
Quoting pinkiaiii
+1 my friend I remember that when you said it,also remember some clown busting here with monthly charts and how this quote {rocket gonna fly to 1.60}.
Cheers buddy... lets not pinpoint who it was... but hey... green pips to all and good luck to you too, just be patient until some obvious movements happens, big boy's been playing around with the GBPUSD at the start of the week...
didnt make sense at all when GBPUSD moved up this week... correlation with the Equities were completely gone and movements are just not making sense...
ridiculous to long any risk pairs this week anyways...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #300,706
  • Feb 16, 2012 5:31am Feb 16, 2012 5:31am
green pip to you aswell,dont want to mock but its a good lesson always never be sure,as we know this market changes in a blink of an eye
  • #300,707
  • Feb 16, 2012 5:34am Feb 16, 2012 5:34am
Chart:

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd120216h4.gif Size: 31 KB
Gone to a better place
  • #300,708
  • Feb 16, 2012 5:34am Feb 16, 2012 5:34am
Quoting bguguen
Cheers buddy... lets not pinpoint who it was... but hey... green pips to all and good luck to you too, just be patient until some obvious movements happens, big boy's been playing around with the GBPUSD at the start of the week...
didnt make sense at all when GBPUSD moved up this week... correlation with the Equities were completely gone and movements are just not making sense...
ridiculous to long any risk pairs this week anyways...
Absolutely its a great time to lose money trading the market where it is now. Don't post too much as getting tired of cable price action. I remember cable trading 200-250 pip daily as its norm. Was easy to get on a trend and make good pips, but now intraday cable makes you work for it- you need 5 trades to get you the same pips.
  • #300,709
  • Feb 16, 2012 5:40am Feb 16, 2012 5:40am
Quoting abdul_halim
Test
long...
SL 5641
TP close manually depend on price movement
my view in H4
still holding short since febuary 6..
if i wrong,i'm sorry...
Attached Image (click to enlarge)
Click to Enlarge Name: sorry.jpg Size: 144 KB
  • #300,710
  • Feb 16, 2012 5:44am Feb 16, 2012 5:44am
Quoting Flatfish
Absolutely its a great time to lose money trading the market where it is now. Don't post too much as getting tired of cable price action. I remember cable trading 200-250 pip daily as its norm. Was easy to get on a trend and make good pips, but now intraday cable makes you work for it- you need 5 trades to get you the same pips.
Indeed... i've been pretty patient too... waiting for the UJ to actually move up, been long UJ at around 76 for some time now... glad its about to take profit at 79 soon... but my ultimate target is 80 then 82...
GBPUSD... well the last 3 days.. the movements of the GBPUSD didnt make sense at all.. when GBPUSD moved up equities didnt follow the normal behaviour... corelations were whacked... soo i knew big boys were playing some games...

BTW... Where in Uk are you Flatfish??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #300,711
  • Feb 16, 2012 5:46am Feb 16, 2012 5:46am
Quoting abdul_halim
my view in H4
still holding short since febuary 6..
if i wrong,i'm sorry...
It's a good view. Some good shorts there as well. Wonder how long you can hold them? Maybe strong close above 1.5730?
Gone to a better place
  • #300,712
  • Feb 16, 2012 5:49am Feb 16, 2012 5:49am
Quoting abdul_halim
Test
long...
SL 5641
TP close manually depend on price movement
I have made the same
  • #300,713
  • Feb 16, 2012 5:57am Feb 16, 2012 5:57am
Quoting wormboy
and by the way, if you're trying to learn, stay away from the interactive section. there is very little to learn here, especially when things starts to pick up, this place will turn into the horses's.
Great advice.
Gone to a better place
  • #300,714
  • Feb 16, 2012 6:05am Feb 16, 2012 6:05am
Quoting smikester
It's a good view. Some good shorts there as well. Wonder how long you can hold them? Maybe strong close above 1.5730?
close manually depend on price movement bro...
  • #300,715
  • Feb 16, 2012 6:19am Feb 16, 2012 6:19am
Quoting bguguen

BTW... Where in Uk are you Flatfish??
I live in Northamptonshire. Gold still proves profitable, when a good setup long appears, but current gold chart pretty flat to slightly bearish. I look for gold and aussie to confirm either a reversal or continuation of dollar strength. Otherwise hard to trust cable when it goes on its own.
Attached Image (click to enlarge)
Click to Enlarge Name: gold.jpg Size: 111 KB
  • #300,716
  • Feb 16, 2012 6:44am Feb 16, 2012 6:44am
Big move will comming in today
GELORE
  • #300,717
  • Feb 16, 2012 6:54am Feb 16, 2012 6:54am
Quoting musani
Big move will comming in today
Wait and see...................
  • #300,718
  • Feb 16, 2012 7:01am Feb 16, 2012 7:01am
Quoting musani
Big move will comming in today
It would be time already how many it is possible to wait
  • #300,719
  • Feb 16, 2012 7:08am Feb 16, 2012 7:08am
  •  duca
  • | Joined Dec 2011 | Status: Investing is simple, but not easy | 409 Posts
go down?
Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 33 KB
give 1 and get 100
  • #300,720
  • Feb 16, 2012 7:38am Feb 16, 2012 7:38am
Uh oh... what happened lol... Jobless claim in US Fell... i wonder if that has to do with the fact that NFP published earlier this month created a lot more jobs than expected... hence a lesser people unemployed as we see..
i say... Dollar Strength, dollar strength and dollar strength indeed...

watchout for the kneejerk reactions though... GBPUSD spiked up for a moment there cuz people are covering their longs, closing their longs so that they can go Bullish the Dollar...

Dollar bull is obvious everywhere now... watch your asses... Dollar bears...
Yawn...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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