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Cable Update (GBPUSD)

  • #301,701
  • Feb 28, 2012 6:38am Feb 28, 2012 6:38am
nc trader your trend line looks very interesting. Well spotted. One or two others posted this before you, though. I like the squeeze these tops and the trend line form . Gives us something to trade off. I just set a small long (sounds wrong) off 1.5850 with a tight stop loss and I'm also preparing to short EUR/GBP, again with a small stop loss. Thanks for the chart.

A navin hater got banned! Always good for a laugh reading this thread. Mustn't spend too much time joining in... Work...
Gone to a better place
  • #301,702
  • Feb 28, 2012 6:52am Feb 28, 2012 6:52am
Quoting GDR3k
5880 will be a hurdle so will 59, 5926, 5950, 5980, there will be alot of resistance at these areas in my humbling opinion.

However, keep going north you slagggg
Yeah, maybe but you'll never out humble me...
Gone to a better place
  • #301,703
  • Feb 28, 2012 7:25am Feb 28, 2012 7:25am
Quoting smikester
Yeah, maybe but you'll never out humble me...


Currently long gbp/jpy also @ 127.57 tp 129.73, missed a nice buy opportunity at 126.80 area aswell. Think I'm gonna just stick to gbp/usd and gbp/jpy from now on, they seem to adhere well to my trading style.
  • #301,704
  • Feb 28, 2012 7:37am Feb 28, 2012 7:37am
lets see where that bad US data takes us......
I don't trust any move - when you have profit...take it.
  • #301,705
  • Feb 28, 2012 7:46am Feb 28, 2012 7:46am
Quoting nc_trader
What did you think about this trend line?
It's a nice trend line, but there is a resistence zone on 1.588 zone
http://img521.imageshack.us/img521/6836/catsbzl.jpg
Uploaded with ImageShack.us
That is the trend line I was trading off yesterday evening and this morning.

As you said, however, there is considerable resistance at 1.5880 and CABLE has yet to touch the 1.5925 from a couple of weeks ago. I was in at 1.5840 but have exited now as I am just not certain that it will rebound off 1.5865 and start heading down towards 1.5655.
  • #301,706
  • Feb 28, 2012 7:49am Feb 28, 2012 7:49am
Nice a smal hanging man stop bulls,ouuuuuuuuuuf
Attached Image (click to enlarge)
Click to Enlarge Name: cable4.gif Size: 30 KB
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #301,707
  • Feb 28, 2012 8:14am Feb 28, 2012 8:14am
picture below shows what i think is happening
hiihih
Attached Image
90% of traders use TA, indicators and prediction
  • #301,708
  • Feb 28, 2012 8:14am Feb 28, 2012 8:14am
Attached Image (click to enlarge)
Click to Enlarge Name: snapshot-5.png Size: 205 KB


CABLE currently at the upper edge of a down channel that has been forming since Sept/Oct. of last year. If it can get past 1.5930, then it will keep going for quite a while. If not, then downwards ho!
  • #301,709
  • Feb 28, 2012 8:16am Feb 28, 2012 8:16am
Quoting Faller
lets see where that bad US data takes us......
Not all news are true.
Even are, the market do what it should be .
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #301,710
  • Feb 28, 2012 8:20am Feb 28, 2012 8:20am
Attached Image (click to enlarge)
Click to Enlarge Name: snapshot-6.png Size: 282 KB


For those of you who doubt the fractal nature of FX trading, here is a trend line that goes the whole way back as far as 2001 and which still has relevance today.
  • #301,711
  • Feb 28, 2012 8:30am Feb 28, 2012 8:30am
Quoting _BBKing_
picture below shows what i think is happening
hiihih
I believe on cable strength ,but Usd shall be uptrend man, i think so.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #301,712
  • Feb 28, 2012 8:32am Feb 28, 2012 8:32am
Quoting Zircon
Not all news are true.
Even are, the market do what it should be .

what?????

the news was not true?

ok...I guess your numbers are better then the ones that they post.

I just said lets see what happens with the bad numbers out of the USA.............the actual posted numbers were bad........and really who cares if they are true or not.....those were the numbers that people see and will trade off of..........

enjoy your tin foil hat my friend.
I don't trust any move - when you have profit...take it.
  • #301,713
  • Feb 28, 2012 8:33am Feb 28, 2012 8:33am
Quoting 16Nov16
Attachment

For those of you who doubt the fractal nature of FX trading, here is a trend line that goes the whole way back as far as 2001 and which still has relevance today.

which trend line...I see like 50 or more! ha ha ah!
I don't trust any move - when you have profit...take it.
  • #301,714
  • Feb 28, 2012 8:39am Feb 28, 2012 8:39am
hope everyone is enjoying the fake news that came out this morning - and went short USD, Long Euro long the market and well.....cable....most people in here have been banging the long.......

enjoy the day!

one piece of advice - look left.....it tells you a nice story.

if dollar index fills the gap to 78.60 - cable goes to 1.5800 or below.
I don't trust any move - when you have profit...take it.
  • #301,715
  • Feb 28, 2012 8:48am Feb 28, 2012 8:48am
Quoting Faller
what?????

the news was not true?

ok...I guess your numbers are better then the ones that they post.

I just said lets see what happens with the bad numbers out of the USA.............the actual posted numbers were bad........and really who cares if they are true or not.....those were the numbers that people see and will trade off of..........

enjoy your tin foil hat my friend.
OK man thanks
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #301,716
  • Feb 28, 2012 8:48am Feb 28, 2012 8:48am
There is nice drop from 1.5850 to 1.5822 anybody can tell me why?
  • #301,717
  • Feb 28, 2012 8:52am Feb 28, 2012 8:52am
Quoting Faller
which trend line...I see like 50 or more! ha ha ah!
Ha ha ah?
  • #301,718
  • Feb 28, 2012 8:52am Feb 28, 2012 8:52am
Quoting Faller
hope everyone is enjoying the fake news that came out this morning - and went short USD, Long Euro long the market and well.....cable....most people in here have been banging the long.......

enjoy the day!

one piece of advice - look left.....it tells you a nice story.

if dollar index fills the gap to 78.60 - cable goes to 1.5800 or below.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #301,719
  • Feb 28, 2012 9:03am Feb 28, 2012 9:03am
Have not done this in a while.....but everyone is calling their shots here but not posting how they are making out....I used to do this often....I would call the trade and post my chart right away....then when I closed the position I would post a closing chart along with my trading platform to show my results. Lots of people here are calling B.S. trades - it only hurts the people that are trying to learn....and if you are trying to learn and are calling trades....well you are just hurting everyone......if you are going to call a trade.....call you entry, stop and target....and then post what you did.....tell us you had profit or a loss.....if you can't do that....stop call long and short trades.....please. It only hurts those that do not know any better.

So here I am posting a chart - 2 blue circles show my short entries...I made 2 trades today....both short. Along with my chart I am posting my trading platform as I have done in the past showing my results.

Cheers to all......and based on my profit today....hmmmm 666 (the number of the beast) I think I will lay low - not too often that number shows up! ha ha ha!!!

Faller.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2 shorts.jpg Size: 168 KB
Click to Enlarge Name: trading platform.png Size: 109 KB
I don't trust any move - when you have profit...take it.
  • #301,720
  • Feb 28, 2012 9:06am Feb 28, 2012 9:06am
Quoting Faller
Have not done this in a while.....but everyone is calling their shots here but not posting how they are making out....I used to do this often....I would call the trade and post my chart right away....then when I closed the position I would post a closing chart along with my trading platform to show my results. Lots of people here are calling B.S. trades - it only hurts the people that are trying to learn....and if you are trying to learn and are calling trades....well you are just hurting everyone......if you are going to call a trade.....call...
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