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Cable Update (GBPUSD)

  • #300,841
  • Feb 17, 2012 4:25am Feb 17, 2012 4:25am
Quoting 16Nov16
Only realistic downtrend has an outer limit of 1.5800. If it peaks above that today, then my earlier assertion that it will get above 1.5860 and then up to 1.6000 holds. If not, then heading back down tomorrow and into next week.
Has hit very strong S/R line of 1.5860 (+/- 5 pips) and stalled.

The next upper-bound downtrend that I have suggests Resistance at 1.5895, which is the lower limit of my next strong S/R line of 1.5905 (+/- 10 pips). If it gets through that, then the next downtrend that I have is miles away and so would keep going up.

However, the 1.5860 mark is at one of the clear upper lines of a strong uptrend and these can often be very difficult to get through.

Unfortunately, however, I am gone for the afternoon and so must leave, as I hate having an open trade over the weekend.

I wish you all the very best of luck.
  • #300,842
  • Feb 17, 2012 5:47am Feb 17, 2012 5:47am
boring,try to scalping
4H flat..
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  • #300,843
  • Feb 17, 2012 5:57am Feb 17, 2012 5:57am
i cashed my long near 5850.
got enough of it.

it's friday and everything can happen.
couldnt resist to close 180 pips profits! lol

lets see if market gives other opportunities before closing time in 10hours
90% of traders use TA, indicators and prediction
  • #300,844
  • Feb 17, 2012 6:01am Feb 17, 2012 6:01am
Quoting _BBKing_
i cashed my long near 5850.
got enough of it.

it's friday and everything can happen.
couldnt resist to close 180 pips profits! lol

lets see if market gives other opportunities before closing time in 10hours
Nice result !
I'm in short from 1.5850
  • #300,845
  • Feb 17, 2012 6:05am Feb 17, 2012 6:05am
Quoting abdul_halim
boring,try to scalping
4H flat..
lock SL+1
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  • #300,846
  • Feb 17, 2012 6:07am Feb 17, 2012 6:07am
Small weekly range so far for cable, last weeks too was only just over 200 pips. It Friday so market can get one sided. Could well get a short squeeze. Watching gold for clues. Gold has similar down trend channel to cable, but unlike cable has not been able to breakout with a bullish trust, so will see if market wants risk on or risk off.
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  • #300,847
  • Feb 17, 2012 6:14am Feb 17, 2012 6:14am
Quoting Flatfish
Small weekly range so far for cable, last weeks too was only just over 200 pips. It Friday so market can get one sided. Could well get a short squeeze. Watching gold for clues. Gold has similar down trend channel to cable, but unlike cable has not been able to breakout with a bullish trust, so will see if market wants risk on or risk off.
  • #300,848
  • Feb 17, 2012 6:36am Feb 17, 2012 6:36am
be careful on shorting gu!
imo market will not allow so much bears to come in....

im leaving, busy day!
good luck you all
bybye
90% of traders use TA, indicators and prediction
  • #300,849
  • Feb 17, 2012 7:40am Feb 17, 2012 7:40am
Quoting _BBKing_
be careful on shorting gu!
imo market will not allow so much bears to come in....

im leaving, busy day!
good luck you all
bybye

Going into this weekend and all that could come out of Euro and Greece etc.....it is just a gamble. We know absolutely nothing regarding the outcome of Greece so trying to claim that you should go long or short is pure gambling at the moment. Even the daily chart on Cable is sitting in a pause mode......it is in the middle of nowhere. So for me, I traded the London session for profit and now I am going to sit back and watch the fireworks as we go into this weekend - And remember Monday is a holiday!

Have a good weekend everyone.

Cheers,

Faller
I don't trust any move - when you have profit...take it.
  • #300,850
  • Feb 17, 2012 7:48am Feb 17, 2012 7:48am
Quoting _BBKing_
couldnt resist to close 180 pips profits! lol
Good result BB. Nice that you could get the motorbike out again...
Gone to a better place
  • #300,851
  • Feb 17, 2012 7:52am Feb 17, 2012 7:52am
Quoting Faller
Going into this weekend and all that could come out of Euro and Greece etc.....it is just a gamble.r
It's gettin interesting. Thanks for your input and have a good one yourself...
Gone to a better place
  • #300,852
  • Feb 17, 2012 8:19am Feb 17, 2012 8:19am
scalping allowed
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  • #300,853
  • Feb 17, 2012 8:22am Feb 17, 2012 8:22am
Quoting abdul_halim
scalping allowed
you are doing great bro.. may i know your rules about those scalping action?
  • #300,854
  • Feb 17, 2012 8:34am Feb 17, 2012 8:34am
Quoting plumiash
you are doing great bro.. may i know your rules about those scalping action?
SMA/BB period 560(8H) in TF M1 flat..
  • #300,855
  • Feb 17, 2012 8:52am Feb 17, 2012 8:52am
going flat now or just close manually ... what a good week for me anyway with 977 pips ....

trade safe ppl..good night...
  • #300,856
  • Feb 17, 2012 9:02am Feb 17, 2012 9:02am
i feel bad for shorts
  • #300,857
  • Feb 17, 2012 9:09am Feb 17, 2012 9:09am
my view in H4
TP-will close manually depend on price movement
Good luck!
Out..
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  • #300,858
  • Feb 17, 2012 1:49pm Feb 17, 2012 1:49pm
just got in to see how people doing.
had a busy day got just some scalps (2) now everything closed, new week new things.
have a good week end everyone!
90% of traders use TA, indicators and prediction
  • #300,859
  • Feb 17, 2012 4:01pm Feb 17, 2012 4:01pm
Assuming nothing crazy happens over the weekend, I am shorting next week..
Have a great weekend everyone
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Come with me if you want to live....
  • #300,860
  • Feb 17, 2012 4:37pm Feb 17, 2012 4:37pm
Quoting Ill-b-back
Assuming nothing crazy happens over the weekend, I am shorting next week..
Have a great weekend everyone
Good to know...
ive added my last short on GU at 5800
expect a sharp fall to happen sometime next week in all risk pairs...

Today's been great for me... my long on UJ took profit at 79, and 79.5, one last long awaiting tp at 80 though i might slowly push the TP up on this one...

All and all... great week for me, except Ben's Talk of death that happened late thursday, but the upmove not strong enough to turn my bias, still bearish on EURUSD, GBPUSD, AUDUSD (this pair is bound for a fall for a really long time... as soon as China stop propping this guy up... they will fall hard... 0.95 is my ultimate target for this guy)
We live in a finite world with infinite possibilities.
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