someone tell me what area is this? (5831-5833) Come with me if you want to live....
Cable Update (GBPUSD)
- #302,841
- Mar 8, 2012 9:36pm Mar 8, 2012 9:36pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
- #302,843
- Mar 8, 2012 10:27pm Mar 8, 2012 10:27pm
- | Joined Dec 2010 | Status: AngryBird hate Pig but love Trading | 1,024 Posts
I sometimes see this before big news, price stops between fibs. Personally, I thing the GU is the most technically accurate pair, so from this perspective, it makes it hard for news traders to make easy money from news items. Price can go in the expected direction from the news outcome, hit the technical fib level then reverse and take you out. Just my theory...
Hmmm....3hour from now there's this germany and french stuff...so I'm guesing pushing cable a little bear cave there? Since when bear lives in cafe?
anyway am looking at possible bear entry now...just to minimize the short I made earlier...anyway Is 5833 a support line? Seeing cable can't break it though...earlier u guys talking about stop hunting..big boys sure playing fool out of us...I always thought that do they ever have the time to search forum discussion like FF just to see what traders believe in the current market...maybe they did hire a group of spies just to check traders behavior and perceptions....lol that's how they playing the game...setting traps for us.. So if we were to have this particular trend or pattern predictions, they already smile ahead of us..waiting to stab us from behind while drinking their starbucks....anyway correct me if I'm wrong...fundamentally looking...with mitt romney as the front runner and leave behind the other candidates, I see it is logic that cable will be back to 1.56 - 1.55 - and all the way to 1.52 by the end of year...maybe november during re election of obama... but still in my thought/thinking so hard, as to why some traders here are seeing 1.62? Is it retracement? and now I realized that whenever I am stuck with wrong entry I got this fire burning in me to write all this bullshit of mine...what a pain in my ASS!!
I trade to live
- #302,844
- Mar 8, 2012 10:32pm Mar 8, 2012 10:32pm
- Joined May 2009 | Status: Trader | 4,895 Posts
Hmmm....3hour from now there's this germany and french stuff...so I'm guesing pushing cable a little bear cave there? Since when bear lives in cafe?
- #302,845
- Mar 8, 2012 10:32pm Mar 8, 2012 10:32pm
- | Joined Dec 2010 | Status: AngryBird hate Pig but love Trading | 1,024 Posts
i think by monday we will get pass 5650 area.. hopefully by wednesday it retest that area again.. imho
Yea same here...I'm totally into 5650 too...no doubt about it...anyway, do u mind to share your charts bro? Thanks
just wanna know how u study this cable's trend....and don't worry I am not following or judging because I know every traders have their on faith...and I have faith to myself...
I trade to live
- #302,846
- Mar 8, 2012 10:46pm Mar 8, 2012 10:46pm
- | Joined Aug 2009 | Status: Trader | 2,585 Posts
Annoying Precision
- #302,847
- Mar 8, 2012 10:47pm Mar 8, 2012 10:47pm
- Joined May 2009 | Status: Trader | 4,895 Posts
Yea same here...I'm totally into 5650 too...no doubt about it...anyway, do u mind to share your charts bro? Thanks
and don't worry I am not following or judging because I know every traders have their on faith...and I have faith to myself...
Furthermore, though we still seeing a positive momentum, but the acceleration of the movement has been slowed down, if price failed to close above the cluster area of 5830, there will not be a higher price imho.. and in 4h we currently have lower highs and lower lows..
Looking at weekly, we have a shooting star, though it's still has not confirmed yet, it showed that sellers are more dominant than buyer..
- #302,848
- Mar 8, 2012 11:10pm Mar 8, 2012 11:10pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
there you go.. as you can see, price at the moment is at 50 fibo and low of the ichimoku cloud, i think there is where cluster resistance exist and i think there is also will be distribution phase at about the low of the cloud.
Furthermore, though we still seeing a positive momentum, but the acceleration of the movement has been slowed down, if price failed to close above the cluster area of 5830, there will not be a higher price imho.. and in 4h we currently have lower highs and lower lows..
Looking at weekly, we have a shooting star, though...
if you are looking for a fib retracement as a hint for a bearish continuance, you need to start with your fib tool from the top from what I understand. 50 fib retrace is at 5840 or so with 61.8 at 5880.
Come with me if you want to live....
- #302,849
- Mar 9, 2012 12:16am Mar 9, 2012 12:16am
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
200 and 55 ema's here.
From a day traders perspectice and a day traders timeframe, I seriously doubt we are going down very far today.
I am putting in a small buy speculator at the 1 hr 55ema and 4 hr 200ema (retest and 50 fib for this ema) just to satisfy my own curiosity Wish me luck.
From a day traders perspectice and a day traders timeframe, I seriously doubt we are going down very far today.
I am putting in a small buy speculator at the 1 hr 55ema and 4 hr 200ema (retest and 50 fib for this ema) just to satisfy my own curiosity
Wish me luck.
Come with me if you want to live....
- #302,850
- Mar 9, 2012 12:19am Mar 9, 2012 12:19am
- Joined May 2009 | Status: Trader | 4,895 Posts
I think your fib is upside down
- #302,851
- Mar 9, 2012 12:22am Mar 9, 2012 12:22am
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
200 and 55 ema's here.
From a day traders perspectice and a day traders timeframe, I seriously doubt we are going down very far today.
I am putting in a small buy speculator at the 1 hr 55ema and 4 hr 200ema (retest and 50 fib for this ema) just to satisfy my own curiosity
Come with me if you want to live....
- #302,852
- Mar 9, 2012 12:23am Mar 9, 2012 12:23am
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
i did that because i want to get the extension of the fibo..
Come with me if you want to live....
- #302,853
- Mar 9, 2012 12:31am Mar 9, 2012 12:31am
- Joined May 2009 | Status: Trader | 4,895 Posts
Ah ha, ok.
I mean as high as the price will go before the move down..
- #302,855
- Mar 9, 2012 12:46am Mar 9, 2012 12:46am
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
- #302,857
- Mar 9, 2012 1:01am Mar 9, 2012 1:01am
- | Joined Dec 2010 | Status: AngryBird hate Pig but love Trading | 1,024 Posts
Actually, just at the 4 hr 200ema, no point in throwing more money away if I am wrong. DO NOT follow me on this trade, I'm just playing today.
I trade to live
- #302,859
- Mar 9, 2012 1:06am Mar 9, 2012 1:06am
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
u are always playing bro...
Come with me if you want to live....
