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Cable Update (GBPUSD)

  • #301,741
  • Feb 28, 2012 10:25am Feb 28, 2012 10:25am
Quoting Faller
I don't really post my trades anymore - I will talk about charts and price action and levels that are of interest for price action - but if you are going to make a call I stick to my previous post - make your call post your trade entry, exit and target and show us how you did....keep it real.

The other night a guy said ya watch out this thing could go to 1.65 soon.....but when I started to chat with him he told me that he was actually short from 1.5885. So you read his post and you think ya go long....but he was actually short.

In short,...
just come out to give you a thumbs up
  • #301,742
  • Feb 28, 2012 10:42am Feb 28, 2012 10:42am
90% of traders use TA, indicators and prediction
  • #301,743
  • Feb 28, 2012 10:45am Feb 28, 2012 10:45am
Quoting Zircon
Who want be a millionaire sell now and forget it for three weeks.

ok i shorted my account will burn @1.5999
if you see 1.5999 pèlease send me those money i lost listening to you
90% of traders use TA, indicators and prediction
  • #301,744
  • Feb 28, 2012 10:47am Feb 28, 2012 10:47am
Quoting _BBKing_
ok i shorted my account will burn @1.5999
if you see 1.5999 pèlease send me those money i lost listening to you
just joking...
90% of traders use TA, indicators and prediction
  • #301,745
  • Feb 28, 2012 10:48am Feb 28, 2012 10:48am
Try short
Attached Image (click to enlarge)
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If skills could be acquired by watching, every dog would be a butcher. Turk
  • #301,746
  • Feb 28, 2012 10:50am Feb 28, 2012 10:50am
A chart.....for everyone.

Look inside the blue circles - starting from the left compare the circles above and below each other.....and finally look at the blue circle furthest to the right.......

trade safe.

Faller.
Attached Image (click to enlarge)
Click to Enlarge Name: be careful.jpg Size: 193 KB
I don't trust any move - when you have profit...take it.
  • #301,747
  • Feb 28, 2012 10:53am Feb 28, 2012 10:53am
Quoting _BBKing_
just joking...
I believe that cable trend will end sooner.
I am not joke.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #301,748
  • Feb 28, 2012 10:59am Feb 28, 2012 10:59am
Quoting Zircon
I believe that cable trend will end sooner.
I am not joke.
naa... she's simply eating supply near 5900.
last time went down to 5650 due to boe mpc statement etc.
but now things are different.

strong push at 5799 is clear!
imo can touch easy 5970-83 before week ends...
90% of traders use TA, indicators and prediction
  • #301,749
  • Feb 28, 2012 11:03am Feb 28, 2012 11:03am
Quoting _BBKing_
naa... she's simply eating supply near 5900.
last time went down to 5650 due to boe mpc statement etc.
but now things are different.

strong push at 5799 is clear!
imo can touch easy 5970-83 before week ends...

there is more to trading then an opinion.....I know you know that. All I will say is there is tomorrow - does everyone know what tomorrow is? There is very important market news that will be coming out that can shake things up big time!

Faller.
I don't trust any move - when you have profit...take it.
  • #301,750
  • Feb 28, 2012 11:05am Feb 28, 2012 11:05am
anyway until 59 area is cleared out better be careful both in longs and shorts!
i'm for the daily bull flag which will move us to 6130
but since nothing is sure, i want to see action into 1.59 area to be more confident in going long here 5880.
no hurry
90% of traders use TA, indicators and prediction
  • #301,751
  • Feb 28, 2012 11:07am Feb 28, 2012 11:07am
Quoting Faller
there is more to trading then an opinion.....I know you know that. All I will say is there is tomorrow - does everyone know what tomorrow is? There is very important market news that will be coming out that can shake things up big time!

Faller.
yes true tomorrow full calendar!
lets see today's candle where will close first
90% of traders use TA, indicators and prediction
  • #301,752
  • Feb 28, 2012 11:08am Feb 28, 2012 11:08am
Quoting _BBKing_
naa... she's simply eating supply near 5900.
last time went down to 5650 due to boe mpc statement etc.
but now things are different.

strong push at 5799 is clear!
imo can touch easy 5970-83 before week ends...
We are you hours before, i am short ,i will stop my short then


just joke , i believe on loss and gain in the market and like end up.


good luck
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #301,753
  • Feb 28, 2012 11:13am Feb 28, 2012 11:13am
Indeed plenty of high end news out tomorrow, should see some nice moves.
  • #301,754
  • Feb 28, 2012 11:14am Feb 28, 2012 11:14am
also last month's day tomorrow.
need to close above 5800 to be well bullish..
that's why i think today's push @5800 looks like a clear declaration by 'bulls'
90% of traders use TA, indicators and prediction
  • #301,755
  • Feb 28, 2012 11:20am Feb 28, 2012 11:20am
Quoting _BBKing_
also last month's day tomorrow.
need to close above 5800 to be well bullish..
that's why i think today's push @5800 looks like a clear declaration by 'bulls'
Yes, words from the wise. Although I'm bearish overall, I would expect cable to have another run at 1.6. bbakker postulated this after I posted my chart last Saturday...
Gone to a better place
  • #301,756
  • Feb 28, 2012 11:38am Feb 28, 2012 11:38am
Quoting Faller
there is more to trading then an opinion.....I know you know that. All I will say is there is tomorrow - does everyone know what tomorrow is? There is very important market news that will be coming out that can shake things up big time!

Faller.
today if close like this id be nervous about short..we broke the low then the high..fairly bullish..but forex being the way it is..nothing surprises me anymore..i see u are quite bearish on this bro?
  • #301,757
  • Feb 28, 2012 11:45am Feb 28, 2012 11:45am
Quoting nAVIN2007
today if close like this id be nervous about short..we broke the low then the high..fairly bullish..but forex being the way it is..nothing surprises me anymore..i see u are quite bearish on this bro?

trading what I see through the day - no long term here with me. intra day only. until I see a break above certain levels I short it at the highs back down to support - I rode it long from the beginning of the year...if you remember (you can check my posts) I called the bull run from 1.52 blah blah blah....caught enough on the up....now just short off the tops until we decide to go higher.....I hope it goes high enough for you to get out and you can start actively trading with all of us!

cheers Nav....

Faller.
I don't trust any move - when you have profit...take it.
  • #301,758
  • Feb 28, 2012 11:46am Feb 28, 2012 11:46am
Quoting smikester
Yes, words from the wise. Although I'm bearish overall, I would expect cable to have another run at 1.6. bbakker postulated this after I posted my chart last Saturday...
i missed so many older posts...
you overall bearish? mmm
i feel more confident see.ing price to print at least 1.6130 in med run.
would be good to see a strong bull weekly closing. last week is not very good for bulls.
90% of traders use TA, indicators and prediction
  • #301,759
  • Feb 28, 2012 11:59am Feb 28, 2012 11:59am
Quoting smikester
Yes, words from the wise. Although I'm bearish overall, I would expect cable to have another run at 1.6. bbakker postulated this after I posted my chart last Saturday...
Traders who say that price must do this usually get their arses handed on a plate by Mr Market. As traders we must always remain flexible and be ready to change from a bull or bear at the drop of a hat based on the facts presented to us and that is price action and what our chart is telling us. Those who refuse to change their stance even though price is clearly telling them otherwise will get burned, fact!

My postulation on cable was based on the weekly charts. The higher the timeframe you go, the more noise you remove from the charts. Now, I could be right and I could be wrong because nothing is a certainty in this game. Traders who are certain price will do this or price will do that are simply not flexible enough in their thinking and over the long-term they will get burned.

I am not trading much right now. I am still struck down with this nasty virus and I spent most of the day in bed again. When I am ill, I try to avoid trading because my mind is not clear and one needs to have a clear mind to trade successfully.

I wish you all success with your trading.
  • #301,760
  • Feb 28, 2012 11:59am Feb 28, 2012 11:59am
Quoting Faller
trading what I see through the day - no long term here with me. intra day only. until I see a break above certain levels I short it at the highs back down to support - I rode it long from the beginning of the year...if you remember (you can check my posts) I called the bull run from 1.52 blah blah blah....caught enough on the up....now just short off the tops until we decide to go higher.....I hope it goes high enough for you to get out and you can start actively trading with all of us!

cheers Nav....

Faller.
good stuff buddy
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