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Cable Update (GBPUSD)

  • #304,481
  • Mar 21, 2012 6:15pm Mar 21, 2012 6:15pm
Quoting smikester
Congrats on 2005 posts, and never a sharp edge .
OMG
Come with me if you want to live....
  • #304,482
  • Mar 21, 2012 6:42pm Mar 21, 2012 6:42pm
Quoting Faller
I am tending to the bbq right now....but in short. USA is turning the corner - USD strength has been showing for a while now. USA debt as a ratio of GDP is lower the Japan and I believe Germany which are the other big boys on the GDP block - USA did things out of the gate with QE1 and QE2 where Britian and Euro lagged....remember when Trichet was increasing rates last year while USA was lowering and easing......well it is now Euro and Britians turn to ease more......USA is moving forward - Britian and Euro are at a stand still and slowly moving...
Thx bro, tomorrow will be interesting.
Back to work.
Come with me if you want to live....
  • #304,483
  • Mar 21, 2012 6:46pm Mar 21, 2012 6:46pm
GBPJPY,
EURJPY

Both on sell looking for 50-70 pips for today,

Target are 131.60-70
Target 109.40-50.

Lets see what happens.
what ever i write here i trade in real accounts real time.



Thank You.
Waqas
  • #304,484
  • Mar 21, 2012 6:52pm Mar 21, 2012 6:52pm
Quoting Fx.Fishermen
GBPJPY,
EURJPY

Both on sell looking for 50-70 pips for today,

Target are 131.60-70
Target 109.40-50.

Lets see what happens.
what ever i write here i trade in real accounts real time.



Thank You.
Waqas
i think u're in the wrong thread mate.. furthermore, on what basis is your TA?
  • #304,485
  • Mar 21, 2012 6:54pm Mar 21, 2012 6:54pm
Quoting Fx.Fishermen
GBPJPY,
EURJPY

Both on sell looking for 50-70 pips for today,

Target are 131.60-70
Target 109.40-50.

Lets see what happens.
what ever i write here i trade in real accounts real time.



Thank You.
Waqas

just wrote and it and the down move started i love this.
should close some at 30 pips
  • #304,486
  • Mar 21, 2012 6:55pm Mar 21, 2012 6:55pm
morning everyone..

since currently we are in asian session, i don't expect the price to resume its move yesterday, will wait till euro & london open..

will sell on strength.
  • #304,487
  • Mar 21, 2012 6:57pm Mar 21, 2012 6:57pm
Quoting A-speculator
morning everyone..

since currently we are in asian session, i don't expect the price to resume its move yesterday, will wait till euro & london open..
Good morning to you sir..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #304,488
  • Mar 21, 2012 6:59pm Mar 21, 2012 6:59pm
Quoting baherhosni
Good morning to you sir..
morning to you too mate..
  • #304,489
  • Mar 21, 2012 6:59pm Mar 21, 2012 6:59pm
Quoting Fx.Fishermen
just wrote and it and the down move started i love this.
should close some at 30 pips
Nice Move closed +30 pips
looking for another up move for more pips. and targets mentioned earlier.

Thank You.
  • #304,490
  • Mar 21, 2012 7:01pm Mar 21, 2012 7:01pm
as for cable, i would like to see the price trading below 5875..

seems like we didn't break the support yesterday and price play the scenario 1.. well well, hopefully by today we can get below the support level..
  • #304,491
  • Mar 21, 2012 7:07pm Mar 21, 2012 7:07pm
Quoting A-speculator
as for cable, i would like to see the price trading below 5875..

seems like we didn't break the support yesterday and price play the scenario 1.. well well, hopefully by today we can get below the support level..
In Egypt, we would say "from your mouth to heaven's doors" indicating the desire to have what you are talking about come true

I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #304,492
  • Mar 21, 2012 7:09pm Mar 21, 2012 7:09pm
i would like to share some of my strategies.. the profit level i'm looking forward to are 5750 on cable or 3150 on fiber whichever comes first..

which means that i will close all my positions based on the level above..

once that price level is reached, i expect a minor pullback to test the broken support and that will depend on how the momentum of the price towards the said price level
  • #304,493
  • Mar 21, 2012 7:11pm Mar 21, 2012 7:11pm
Quoting baherhosni
In Egypt, we would say "from your mouth to heaven's doors" indicating the desire to have what you are talking about come true

wooo.. don't depend on me mate.. i'm fallable too, you know.. and i'm same as you mate, just an ordinary guy.. strengthen your TA skills and the rest is just numbers..
  • #304,494
  • Mar 21, 2012 7:14pm Mar 21, 2012 7:14pm
Quoting A-speculator
wooo.. don't depend on me mate.. i'm fallable too, you know.. and i'm same as you mate, just an ordinary guy.. strengthen your TA skills and the rest is just numbers..
Don't worry, I am just indicating that I have the same desire for the price action.. Thats all
After all you are just "A-Speculator" right?
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #304,495
  • Mar 21, 2012 7:16pm Mar 21, 2012 7:16pm
Quoting baherhosni
Don't worry, I am just indicating that I have the same desire for the price action.. Thats all
all right then..

anyway there's not much i think we can do in the asian session.. let's just see where's the PA towards the opening of euro and london..
  • #304,496
  • Edited 7:32pm Mar 21, 2012 7:17pm | Edited 7:32pm
just a side note, be extra cautious if cable is trading above 5875 and fiber above 3225 level.. (you might get a better entry price)

just a reminder..
  • #304,497
  • Mar 21, 2012 7:38pm Mar 21, 2012 7:38pm
Quoting A-speculator
just a side note, be extra cautious if cable is trading above 5875 and fiber above 3225 level.. (you might get a better entry price)

just a reminder..
this is for those who are holding positions at the low.. if you're holding at the high.. i think there would not be a problem, right?
  • #304,498
  • Mar 21, 2012 7:45pm Mar 21, 2012 7:45pm
another thing is, to maintain this bearish view rather than to have a range, we should not have any candle closed above the 5880 level in 4h tf..
  • #304,499
  • Mar 21, 2012 7:51pm Mar 21, 2012 7:51pm
Quoting A-speculator
this is for those who are holding positions at the low.. if you're holding at the high.. i think there would not be a problem, right?
I shouldn't think so
Come with me if you want to live....
  • #304,500
  • Mar 21, 2012 7:57pm Mar 21, 2012 7:57pm
Quoting Ill-b-back
I shouldn't think so
hi mate.. i see that you have trouble with your position yesterday.. sorry to hear that mate. did you manage to clear your position?

as i told you before, that is the dangerous of having buy stop at resistance level, if it does breakout, only enter on retest..

i see that you're trying so hard to chase the price and to be in profit mate.. hope that will never happen again..

Well, forget about yesterday, hope today will bring more greens to both of us eh..
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