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Cable Update (GBPUSD)

  • #303,521
  • Mar 13, 2012 2:26pm Mar 13, 2012 2:26pm
Quoting mynameisndhy
Hello cable lovers,

I'm new here, I have long position for cable @1.5695 with target @1.5795 until tomorrow and I set up my stop loss @1.5645.

What do you think about my position guys? Any advice?
Thanks

My experience says never ever copy trades of any trader even if he is the champion of trading.

95% chances are that you will loose your whole account.

Another thing you keep copy trades you will never learn. If you are a newbie first learn it and do demo trading.

I have seen majority to traders who follow forums and come to forum to get an idea blown their account many times.
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  • #303,522
  • Mar 13, 2012 2:29pm Mar 13, 2012 2:29pm
Cable is almost 250 pips down .
  • #303,523
  • Mar 13, 2012 2:30pm Mar 13, 2012 2:30pm
Quoting bbakker
WTF! Why are you bringing US politics into this. We have American traders in here like Faller and PT! Show some respect!

When I get home, I'll show you a chart as to what news headlines can do, like the announcement of BoE QE back in October!!
Here is the post and chart - http://www.forexfactory.com/showthre...16#post5427316

I am out for the night!
  • #303,524
  • Mar 13, 2012 2:34pm Mar 13, 2012 2:34pm
Quoting bbakker
WTF! Why are you bringing US politics into this. We have American traders in here like Faller and PT! Show some respect!

When I get home, I'll show you a chart as to what news headlines can do, like the announcement of BoE QE back in October!!
im just really frustrated.. i genuinely want the US to recover for the better... since i live in HK and HKD is pegged with the USD... and a strong USD can pay easily for my tuition here in UK... make sense why im so dollar bullish now?? haha lol omg currencies affect me

btw No offense to Faller and PT... both great trader... but lets just say i would've wanted obama to do more... im glad he is finally manning up against the feds and i seriously wont put my hopes with romney...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,525
  • Mar 13, 2012 2:37pm Mar 13, 2012 2:37pm
Quoting bguguen
im just really frustrated.. i genuinely want the US to recover for the better... since i live in HK and HKD is pegged with the USD... and a strong USD can pay easily for my tuition here in UK... make sense why im so dollar bearish now?? haha lol omg currencies affect me

btw No offense to Faller and PT... both great trader... but lets just say i would've wanted obama to do more... im glad he is finally manning up against the feds
he aint..theres just more likely to be a bomb shell..its also election strategy to have another term i think
  • #303,526
  • Mar 13, 2012 2:39pm Mar 13, 2012 2:39pm
Quoting nAVIN2007
he aint..theres just more likely to be a bomb shell..its also election strategy to have another term i think
Atleast its working way better than what im seeing from the republicans... only republican capable to take on an intellectual debate with obama would seriously be ron paul....
but hey Apparently Teenage girls love Romney and Santorum....


Please please give ron paul a chance to debate against obama... this will be amazing
Or bring bush back... i love his standup comedy speeches lol!!!
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,527
  • Mar 13, 2012 2:50pm Mar 13, 2012 2:50pm
Cable D1 lower highs & lower lows for over a week including today. There is no possible way that is bullish unless you turn your monitor upside down.

Sell the rallies till it turns would be it for me.

Here's a formation that I am keeping an eye on, it's not valid yet but just a heads up to anyone interested:

1. http://www.forexfactory.com/showthre...71#post5459271


Good luck to everyone.
Thank You
  • #303,528
  • Mar 13, 2012 2:52pm Mar 13, 2012 2:52pm
Quoting A-speculator
well, earlier today, i'm not trading cable because of how i see eurgbp reacts and managed to secure profits from trading fiber. As you know it, i always analyze my trade by comparing to other pairs just to get the overall picture of the sentiment in the market.

From what i see, since fiber 4h managed to print lower low, i think cable will resume this down move maybe tomorrow, and upside is limited to 5740 where you TPed your position and perhaps you already know, the 5740 is the last defence for the bears.. imho.
yes i know about your great eye in correlations what i really i'm unable to do!! really EU confuses whole my trading every time i look that chart. ihihihi

anyway today have been a great day up-down at good strong levels so let's see what will play out tomorrow.
daily close will tell something but not everything.
yes 5740 is a great distinction line.


actually if market is moved by buy sentiment, will show around 5660-80 pip more pip less.


early to say.
90% of traders use TA, indicators and prediction
  • #303,529
  • Mar 13, 2012 2:55pm Mar 13, 2012 2:55pm
Quoting Zircon
You are a good and disciplined trader BBking.

thanks but... believe me: not really so much disciplined. i get worst mistakes one could imagine, but my luck is that from time to time i get also great trades so overall in profits.....

90% of traders use TA, indicators and prediction
  • #303,530
  • Mar 13, 2012 2:55pm Mar 13, 2012 2:55pm
Quoting bguguen
Atleast its working way better than what im seeing from the republicans... only republican capable to take on an intellectual debate with obama would seriously be ron paul....
but hey Apparently Teenage girls love Romney and Santorum....


Please please give ron paul a chance to debate against obama... this will be amazing
Or bring bush back... i love his standup comedy speeches lol!!!

i personally dont trust obama..ron paul is good but he stands for something completely different, he is being discredited (i think)..
Bush should have gone into stand up comedy its a wonder how he became a president.
  • #303,531
  • Mar 13, 2012 2:58pm Mar 13, 2012 2:58pm
Quoting nAVIN2007
i personally dont trust obama..ron paul is good but he stands something completely different and he is being discredited (i think)..bush should have gone in stand up comedy how he became a president needs to be looked into
i dunno... i have a feeling you dont really trust obama because hes democratic... and democratic believe in government intervention meaning supporting the Fed in printing money and flooding the economy with money... so yea the sudden change of heart in obama's take towards the fed is somewhat suspicious i agree... might be part of a plan for his campaign....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,532
  • Mar 13, 2012 2:59pm Mar 13, 2012 2:59pm
Quoting mynameisndhy
Yeah,, you right, I was closed my position for 3pips, it's my lucky

Now I'm waiting at MA 96 and lower BB 480 SD -2



well i'm not used anymore to look at indies.
what i'm looking for is price to show reasons for long at or near that rectangled light gray area.
i mean tomorrow or during asia.
time will tell.

last post.
bybye :-)
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90% of traders use TA, indicators and prediction
  • #303,533
  • Mar 13, 2012 3:13pm Mar 13, 2012 3:13pm
[quote=wormboy;5472099]Cable D1 lower highs & lower lows for over a week including today. There is no possible way that is bullish unless you turn your monitor upside down.

Sell the rallies till it turns would be it for me.

Here's a formation that I am keeping an eye on, it's not valid yet but just a heads up to anyone interested:

1. http://www.forexfactory.com/showthre...71#post5459271


Good luck to
Come with me if you want to live....
  • #303,534
  • Mar 13, 2012 3:14pm Mar 13, 2012 3:14pm
Quoting wormboy
Cable D1 lower highs & lower lows for over a week including today. There is no possible way that is bullish unless you turn your monitor upside down.

Sell the rallies till it turns would be it for me.

Here's a formation that I am keeping an eye on, it's not valid yet but just a heads up to anyone interested:

1. http://www.forexfactory.com/showthre...71#post5459271


Good luck to everyone.
I have to agree, my daily channel broke south
Come with me if you want to live....
  • #303,535
  • Mar 13, 2012 3:15pm Mar 13, 2012 3:15pm
hey maybe someone could help me to learn with forex if anyone intrested drop me e-mail [email protected] thanks
  • #303,536
  • Mar 13, 2012 3:23pm Mar 13, 2012 3:23pm
Quoting bguguen
i dunno... i have a feeling you dont really trust obama because hes democratic... and democratic believe in government intervention meaning supporting the Fed in printing money and flooding the economy with money... so yea the sudden change of heart in obama's take towards the fed is somewhat suspicious i agree... might be part of a plan for his campaign....

  • #303,537
  • Mar 13, 2012 3:33pm Mar 13, 2012 3:33pm
closed @ 1.5703, approaches 50% and geppy at the resistance.
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  • #303,538
  • Mar 13, 2012 4:21pm Mar 13, 2012 4:21pm
Last Friday’s US non-farm payrolls report has led to a mixed reaction in the financial markets. All the major currencies have lost ground against the US dollar. Investors now believe that there is a lower probability of additional quantitative easing from the US Federal Reserve. The GBP/USD has given up around half of its 2012 gains and bounced off the 50% Fib. retracement and we can observe a small wick on yesterday’s candle. This is more likely to be caused by short-side profit taking rather than fresh buying. So the 1.5650/5730 area could provide resistance going forward. In short, the GBP/USD looks in danger of a further pull-back on both technical and fundamental grounds.
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  • #303,539
  • Mar 13, 2012 4:39pm Mar 13, 2012 4:39pm
Quoting bbakker
WTF! Why are you bringing US politics into this. We have American traders in here like Faller and PT! Show some respect!

When I get home, I'll show you a chart as to what news headlines can do, like the announcement of BoE QE back in October!!
I think Faller is Canadian and if he is, he probably won't take kindly to being called American.
Gone to a better place
  • #303,540
  • Mar 13, 2012 4:43pm Mar 13, 2012 4:43pm
Quoting Cosmin Ruse
This is more likely to be caused by short-side profit taking rather than fresh buying. So the 1.5650/5730 area could provide resistance going forward. In short, the GBP/USD looks in danger of a further pull-back on both technical and fundamental grounds.

Interesting analysis. The way you put it, it is possibly a retest of this area in a typically cable overshooting style?
Gone to a better place
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