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Cable Update (GBPUSD)

  • #303,741
  • Mar 14, 2012 11:47am Mar 14, 2012 11:47am
Quoting _BBKing_
ehhe yes i moved @be
let's see where will go.
i'm doing like this whole day.
some where will take a direction
I've been trading the eur/usd mainly today, got a nice 50+ pips before on a sell. I took this trade because of the mini cup and handle pattern on the 5m, having a 2EMA close over my candles helps me ALOT, when finding cheeky hidden patterns amongst alot of noise, etc.

SL is a break even.

There was a nice hammer on the eurusd on the 30, was gonna go long but prefer to only trade one currency in any one trade.

TP 5830...??
  • #303,742
  • Mar 14, 2012 11:52am Mar 14, 2012 11:52am
Quoting _BBKing_
compression into demand area.
long stop loss 25p
Nice setup

I have long position too @1.5668 but was closed for 20p
" Pips by pips to my pocket "
  • #303,743
  • Mar 14, 2012 11:53am Mar 14, 2012 11:53am
Quoting GDR3k
I've been trading the eur/usd mainly today, got a nice 50+ pips before on a sell. I took this trade because of the mini cup and handle pattern on the 5m, having a 2EMA close over my candles helps me ALOT, when finding cheeky hidden patterns amongst alot of noise, etc.

SL is a break even.

There was a nice hammer on the eurusd on the 30, was gonna go long but prefer to only trade one currency in any one trade.

i was trying to go long in EU whole day.
closed every time @BE or few loss/profits....
last chance i gave up and what the bastard does??? take the shutlle just after i closed the chart to take the GU position.
hate so much EU!!! and i'm sure he hates me!!!
heheh

5701 while writing :-)
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  • #303,744
  • Mar 14, 2012 11:55am Mar 14, 2012 11:55am
Quoting mynameisndhy
Nice setup

I have long position too @1.5668 but was closed for 20p
i learnt a lot of things from one of my mentors redsoword11 ;-)

20 p profits is 20p profits.
i'm holding but just because i'm stupid.
mayeb i will get another stop @be.

today total 10 stops @be. could have done 100 pips if i closed every time at 10 pips profits.
ehehhe
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  • #303,745
  • Mar 14, 2012 12:02pm Mar 14, 2012 12:02pm
I'm waiting for this baby to break out northward of the channel I posted earlier
  • #303,746
  • Mar 14, 2012 12:06pm Mar 14, 2012 12:06pm
huh, what a day.. just managed to closed my fiber position earlier with 0 pips.. i don't think it's time for the bull just yet

by the way, we seems unable to closed above the 5740 and quite a choppy market today.. i thought today we might see more upside but seems like price is being contained below 5740.. my PO has been triggered at 5700 short as i'm writing this..

GL
  • #303,747
  • Mar 14, 2012 12:07pm Mar 14, 2012 12:07pm
Oh, thanks for defending me by the way, BB... Yes there's a time and place for vulgarity and it loses its value used inappropriately. Also, it puts people off posting in this thread. Here's a clip about swearing:

(Warning to the easily offended)

Inserted Video
Gone to a better place
  • #303,748
  • Mar 14, 2012 12:08pm Mar 14, 2012 12:08pm
Quoting _BBKing_
i learnt a lot of things from one of my mentors redsoword11 ;-)

20 p profits is 20p profits.
i'm holding but just because i'm stupid.
mayeb i will get another stop @be.

today total 10 stops @be. could have done 100 pips if i closed every time at 10 pips profits.
ehehhe
If u really stupid, it's mean I'm more stupid than you

This my chart

http://s14.postimage.org/tw4e3xeb5/gu22.gif

I'm waiting the price break one of horizontal line 1.5655 and 1.5740
" Pips by pips to my pocket "
  • #303,749
  • Mar 14, 2012 12:08pm Mar 14, 2012 12:08pm
Quoting GDR3k
I'm waiting for this baby to break out northward of the channel I posted earlier
yes me too. actually still a dream.
i give her these 50 minutes.
or go. or no go IMo
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  • #303,750
  • Mar 14, 2012 12:22pm Mar 14, 2012 12:22pm
yes very choppy mkt.
no easy.
the more time goes the more i'm sure that there is something cooking in GU.

cleaning levels to take next direction?

best thing to do is to pick it at very extreme levels much more possible and pray in a strong breake up or down.

lol or get the 11th stop @be.
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  • #303,751
  • Mar 14, 2012 12:26pm Mar 14, 2012 12:26pm
Quoting _BBKing_
yes very choppy mkt.
no easy.
the more time goes the more i'm sure that there is something cooking in GU.

cleaning levels to take next direction?

best thing to do is to pick it at very extreme levels much more possible and pray in a strong breake up or down.

lol or get the 11th stop @be.

and i was hoping a downwards breakout after Ben Bernanke's press conference...
maybe time to stop acting such a dick then huh... humbled today but im still thinking a downwards break is more likely to happen since my indicators are showing bearish pressure... (sorry if this might offend)
We live in a finite world with infinite possibilities.
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  • #303,752
  • Mar 14, 2012 12:34pm Mar 14, 2012 12:34pm
Quoting _BBKing_
yes very choppy mkt.
no easy.
the more time goes the more i'm sure that there is something cooking in GU.

cleaning levels to take next direction?

best thing to do is to pick it at very extreme levels much more possible and pray in a strong breake up or down.

lol or get the 11th stop @be.
yeah, i also got stopped out @be / small losses several times today when i took the trade towards the bull side which i think market is saying that i'm wrong.. so now i'm back to the bear side.. if bull are taking over, we should be at more than 5740 by now.. imho.
  • #303,753
  • Mar 14, 2012 1:00pm Mar 14, 2012 1:00pm
i give up!
i dont like these mkt conditions.....

good luck every1
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  • #303,754
  • Mar 14, 2012 1:01pm Mar 14, 2012 1:01pm
Quoting bguguen

and i was hoping a downwards breakout after Ben Bernanke's press conference...
maybe time to stop acting such a dick then huh... humbled today but im still thinking a downwards break is more likely to happen since my indicators are showing bearish pressure... (sorry if this might offend)
yes a lot of things say down.
and a lot of others say up.

i will stay out till things are clear
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  • #303,755
  • Mar 14, 2012 1:05pm Mar 14, 2012 1:05pm
Quoting A-speculator
yeah, i also got stopped out @be / small losses several times today when i took the trade towards the bull side which i think market is saying that i'm wrong.. so now i'm back to the bear side.. if bull are taking over, we should be at more than 5740 by now.. imho.
yes true but also we are not below 5650 yet!
that's the problem!

a lot of cross today went roar up
gbp aud
gbp jpy
gbp chf
gbp nzd
gbp everything.
but hell gbp usd ping pong.
god knows if i hate when this happen!!!!

oh well not my day.
tomorrow wil be better!
at least i was right in 1 thing: at the end of the day will be funny!

lol both bears n bulls today didn't win didn't loose!
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  • #303,756
  • Mar 14, 2012 1:14pm Mar 14, 2012 1:14pm
Quoting _BBKing_
yes true but also we are not below 5650 yet!
that's the problem!

a lot of cross today went roar up
gbp aud
gbp jpy
gbp chf
gbp nzd
gbp everything.
but hell gbp usd ping pong.
god knows if i hate when this happen!!!!

oh well not my day.
tomorrow wil be better!
at least i was right in 1 thing: at the end of the day will be funny!

lol both bears n bulls today didn't win didn't loose!
yeah, what u said is true.. we are not below 5650 either.. if you see fiber, seems like the option for cable is going south or stay ping pong.. atm there's no any indication telling it will go up.. fiber down, swissy up.. EG also down.. well.. whats for bullish?
  • #303,757
  • Mar 14, 2012 1:26pm Mar 14, 2012 1:26pm
Quoting mynameisndhy
If u really stupid, it's mean I'm more stupid than you

This my chart

http://s14.postimage.org/tw4e3xeb5/gu22.gif

I'm waiting the price break one of horizontal line 1.5655 and 1.5740
That chart probably says it all for cable at the moment, except for the fledgling downward channel. I squeezed one small short out of this pair today and I'm out now until your triangle is busted.
Gone to a better place
  • #303,758
  • Mar 14, 2012 3:21pm Mar 14, 2012 3:21pm
Quoting A-speculator
yeah, what u said is true.. we are not below 5650 either.. if you see fiber, seems like the option for cable is going south or stay ping pong.. atm there's no any indication telling it will go up.. fiber down, swissy up.. EG also down.. well.. whats for bullish?
yes you are right.
there are a lot of things against gu bullish.
but the same thing you said above: AU down EU down etc...
i read it different than you.
i mean: AU down!?! hurraaaaaaaaaaa!! where the hell was that thing going?
EU down!!! hurraaaaaaaa! it was going near good entry level for long.

etc..
now seriously, i really would like if today GU went in tank mode to touch 1.55 area or even lower.
so: bguguen would be happy ( joking) and me too coz i would get my prefered entry long in that area.

today definetly GU held above 5650 due to correction in cross pairs. let's see if tomorrow breake somewhere!

...i hope ..... :-D

must not forget that 1.5600 is january pivot line so if mkt wants to print another bullish monthly candle, i don't think she will go so much down from here.

time will tell
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  • #303,759
  • Mar 14, 2012 3:29pm Mar 14, 2012 3:29pm
Quoting bguguen

and i was hoping a downwards breakout after Ben Bernanke's press conference...
maybe time to stop acting such a dick then huh... humbled today but im still thinking a downwards break is more likely to happen since my indicators are showing bearish pressure... (sorry if this might offend)
based on today i agree unfortunately..bloody cable and now fitch looks like the sum bitch revised gbp to negative..the mofo
  • #303,760
  • Mar 14, 2012 3:31pm Mar 14, 2012 3:31pm
Quoting smikester
Oh, thanks for defending me by the way, BB... Yes there's a time and place for vulgarity and it loses its value used inappropriately. Also, it puts people off posting in this thread. Here's a clip about swearing:

(Warning to the easily offended)

http://www.youtube.com/watch?v=us-0JEw-q7w
90% of traders use TA, indicators and prediction
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