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Cable Update (GBPUSD)

  • #303,341
  • Mar 13, 2012 6:51am Mar 13, 2012 6:51am
Quoting smikester
Hello. Yes, post whatever you want, especially if it is amusing. You'll find that you are not popular with me if you just post trade calls with no analysis, or triangles of any sort and people do this to annoy me.
.






Sorry
Come with me if you want to live....
  • #303,342
  • Mar 13, 2012 6:52am Mar 13, 2012 6:52am
Quoting Ill-b-back
.






Sorry
Damn, triangle didn't work
Come with me if you want to live....
  • #303,343
  • Mar 13, 2012 7:07am Mar 13, 2012 7:07am
Quoting UbuFamily
Thanks bro

Happy Trading
Cheers!
Hey mate I want to say sorry for last time, really i am sorry that's it.

good luck.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #303,344
  • Mar 13, 2012 7:21am Mar 13, 2012 7:21am
seems like we might have a breakout on fiber, seems like more easier trading fiber these days than cable.

sorry guys, i stay away from cable for the time being until i see clear direction and possible heavy momentum..
  • #303,345
  • Mar 13, 2012 8:41am Mar 13, 2012 8:41am
Quoting Ill-b-back
Damn, triangle didn't work
Gone to a better place
  • #303,346
  • Mar 13, 2012 8:42am Mar 13, 2012 8:42am
Does anybody know why the cable is shooting up all of sudden?
Make your losses in demo. Earn your profits live.
  • #303,347
  • Mar 13, 2012 8:42am Mar 13, 2012 8:42am
Attached Image (click to enlarge)
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  • #303,348
  • Mar 13, 2012 8:45am Mar 13, 2012 8:45am
Quoting Forexia
Does anybody know why the cable is shooting up all of sudden?

Because people are buying it or because they are covering their shorts.
I don't trust any move - when you have profit...take it.
  • #303,349
  • Mar 13, 2012 8:46am Mar 13, 2012 8:46am
Quoting Forexia
Does anybody know why the cable is shooting up all of sudden?
lmfao..yea kinda wierd cuz i cant find good news shorted 1.5682 stoploss 1.5705
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #303,350
  • Mar 13, 2012 8:46am Mar 13, 2012 8:46am
Quoting Forexia
Does anybody know why the cable is shooting up all of sudden?
ihihihi
because i bought 1500lots @5622
90% of traders use TA, indicators and prediction
  • #303,351
  • Mar 13, 2012 8:55am Mar 13, 2012 8:55am
Quoting Faller
Because people are buying it or because they are covering their shorts.
u guys are funny. Why are ppl buying cable specifically all of sudden and not others? Any particular reason why?

The only thing I can find is that there were some sell-stops triggered @ EUR/GBP. Is that it?
Make your losses in demo. Earn your profits live.
  • #303,352
  • Mar 13, 2012 9:03am Mar 13, 2012 9:03am
Quoting scramble
hi
for what i see price is doing a good erosion of supply.
not easy to define a trend actually.
but i'm an action trader so i trade what i see between the right and the left of this 22" screen.

any comment is welcome.
ty
for me this one looks more like southside...
Hero calls followed by margin calls...
  • #303,353
  • Mar 13, 2012 9:04am Mar 13, 2012 9:04am
Quoting Forexia
Does anybody know why the cable is shooting up all of sudden?
Looks like possible stop hunting or big boys testing major resistance of 5700 to me .
  • #303,354
  • Mar 13, 2012 9:09am Mar 13, 2012 9:09am
Quoting Forexia
u guys are funny. Why are ppl buying cable specifically all of sudden and not others? Any particular reason why?

The only thing I can find is that there were some sell-stops triggered @ EUR/GBP. Is that it?
Try analyze eurgbp.. and then u know why.. imho
  • #303,355
  • Mar 13, 2012 9:10am Mar 13, 2012 9:10am
Quoting 0rPhioZ
Looks like possible stop hunting or big boys testing major resistance of 5700 to me .
Thanks. Well if that's the case, this spike won't last long. Still didn't see any major news. Stupid big boys.
Make your losses in demo. Earn your profits live.
  • #303,356
  • Mar 13, 2012 9:11am Mar 13, 2012 9:11am
Quoting PhAnTi'
for me this one looks more like southside...
hi
yes i got stopped out on that for some pips.
reloaded lower.

ty

p.s. forum takes some time to upload my post. due to a kind of moderation.
  • #303,357
  • Mar 13, 2012 9:14am Mar 13, 2012 9:14am
Quoting bguguen
Is it just me or does it feel like the big boys will be quite active this week on the EURGBP??
Hey folks... just got back from college and HELL what do you know?! didnt i say something is up with the EURGBP... told everyone to watchout for EURGBP because i belive the EURO is gona dive and GBP to retrace up today... i knew the big boys was on to something today...

nice wins... still waiting to for GBPUSd 1.57 though...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,358
  • Mar 13, 2012 9:14am Mar 13, 2012 9:14am
Quoting Forexia
u guys are funny. Why are ppl buying cable specifically all of sudden and not others? Any particular reason why?
Technical. As Faller stated, traders are covering their shorts and with this price action, traders are opening new longs that then move the price further up.

I think FOMC will try to down play the recovery and say that if other economic figures don't improve, they might initiate QE3 in the summer (although it won't be those exact words.) which would provide further impetus to the upmove.

I have a possible move to 1.5750 which is 61.8% fib retracement, from recent hi (1.5832) to yesterdays' lo, with previous support turn resistance? (supply level). Or we might only reach 1.5695... let's see.

I got some profit from my short yesterday, but failed to factor in the 50% fib of the up move, so to attack this level again, we have to do it higher up. I am still bearish on GU medium-term and I still favour a move to the downside as per my chart from a couple of weeks back.

egkid
  • #303,359
  • Mar 13, 2012 9:18am Mar 13, 2012 9:18am
Quoting yoshitsune
sorry as i'm still a newbie, if Ben mentions abt the possibility of QE3 and that of course will weaken the USD and for EUR & Cable it will get stronger vs weaker USD right? it shud be good opportunity to long EUR & Cable if that happens... pls correct me if I'm wrong
Hi sorry i was away at college... the reasoning behind shorting at todays top is... IF the EURUSD and GBPUSD are in a long term downtrend you are best in terms of risk reward ratio, to have a higher chance on Winning along trading the direction the market is going instead of going against it...
Soo let it retrace a bit and short would be the ideal way... in fact Short on the downwards trendline... ill plot you a graph later when im free...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,360
  • Mar 13, 2012 9:20am Mar 13, 2012 9:20am
Quoting bbakker
Technical. As Faller stated, traders are covering their shorts and with this price action, traders are opening new longs that then move the price further up.

I think FOMC will try to down play the recovery and say that if other economic figures don't improve, they might initiate QE3 in the summer (although it won't be those exact words.) which would provide further impetus to the upmove.

I have a possible move to 1.5750 which is 61.8% fib retracement, from recent hi (1.5832) to yesterdays' lo, with previous support turn resistance? (supply...
Glad to see some geniune intelligence here... indeed its much better to short with the direction of the trend instead of longing now hoping to go high on retracement lol...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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