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Cable Update (GBPUSD)

  • #304,801
  • Mar 22, 2012 11:03pm Mar 22, 2012 11:03pm
Quoting A-speculator
you caught me eh... it's bare mate..

I know....just wanted to see if u knew.....all good! but it was a good play on words......bear meaning go down....to support.....very keen!
I don't trust any move - when you have profit...take it.
  • #304,802
  • Mar 22, 2012 11:03pm Mar 22, 2012 11:03pm
Quoting A-speculator
you caught me eh... it's bare mate..
i'm so so bearish, i wrote everything as bear, you know..
  • #304,803
  • Mar 22, 2012 11:50pm Mar 22, 2012 11:50pm
Quoting A-speculator
i'm so so bearish, i wrote everything as bear, you know..
You guys are quite funny... Good day everyone
  • #304,804
  • Mar 23, 2012 1:53am Mar 23, 2012 1:53am
since there's no one in this thread, i'd like to post my analysis on eurgbp.. imho, current daily resistance for the pair is at about 8360 area. so, i'm putting a PO at 8360 which is right at the resistance level. hopefully, my PO will get triggered by today..

pretty quiet at london open today.. seems like everybody is anticipating with the move.. everyone is having vacation already?
  • #304,805
  • Mar 23, 2012 2:07am Mar 23, 2012 2:07am
Test...
long before london session
SL 1.5770
TP : open
Attached Image (click to enlarge)
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  • #304,806
  • Mar 23, 2012 2:07am Mar 23, 2012 2:07am
Quoting A-speculator
since there's no one in this thread, i'd like to post my analysis on eurgbp.. imho, current daily resistance for the pair is at about 8360 area. so, i'm putting a PO at 8360 which is right at the resistance level. hopefully, my PO will get triggered by today..

pretty quiet at london open today.. seems like everybody is anticipating with the move.. everyone is having vacation already?
i also share the same thoughts
  • #304,807
  • Mar 23, 2012 2:13am Mar 23, 2012 2:13am
This is an indicator I play around with on demo when I am bored and find it interesting as a trend reversal and support/resistance mechanism from time to time. The weekly chart seems particularly relevant looking back over history.

I am posting first the Monthly chart showing a clear bullish break of the line with fib 61.8 fib level retrace.

Then the weekly chart showing support provided by the indicator.

Given this picture, I'm glad I am hedged at the moment to be honest, it would seem a lot less stressful than being committed "one" way. However, I would still like it to travel south as I think 5650 support is more achievable in 1 day.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: christmas trade45gif.gif Size: 17 KB
Come with me if you want to live....
  • #304,808
  • Mar 23, 2012 2:18am Mar 23, 2012 2:18am
Got to go for dinner.
Have fun everyone and enjoy the weekend.
Come with me if you want to live....
  • #304,809
  • Mar 23, 2012 2:20am Mar 23, 2012 2:20am
Absoultely Flat. It is interesting to wait clear signal for the direction for long movement after long consolidation, seems like a pull back in action now, pull back or long trend?.....we will see
  • #304,810
  • Mar 23, 2012 2:29am Mar 23, 2012 2:29am
stopped out from my position.. oh well..
  • #304,811
  • Mar 23, 2012 2:29am Mar 23, 2012 2:29am
im flat and done for the week
  • #304,812
  • Mar 23, 2012 2:34am Mar 23, 2012 2:34am
Quoting PoundTrader
im flat and done for the week
Smart move I think bro
Have a great weekend.
see ya
Come with me if you want to live....
  • #304,813
  • Mar 23, 2012 2:35am Mar 23, 2012 2:35am
starting from today, in all vocabulars around the world, the meaning of the word "slaughter" will show this picture!
hiihihihihi
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90% of traders use TA, indicators and prediction
  • #304,814
  • Mar 23, 2012 2:37am Mar 23, 2012 2:37am
Quoting _BBKing_
starting from today, in all vocabulars around the world, the meaning of the word "slaughter" will show this picture!
hiihihihihi

cannot argue with chart bro!!!..lol
  • #304,815
  • Mar 23, 2012 2:39am Mar 23, 2012 2:39am
What a move, I was very wrong Forex has a way of making you eat your words. Closed my short for +60 pips, catching a long scalp, going to close it for +15 pips here and call it a night I think.
  • #304,816
  • Mar 23, 2012 2:41am Mar 23, 2012 2:41am
Quoting C5fx
What a move, I was very wrong Forex has a way of making you eat your words. Closed my short for +60 pips, catching a long scalp, going to close it for +15 pips here and call it a night I think.

long term i believe is up..one way or other cable will find away
of to work catch yall in the evening..be lucky
  • #304,817
  • Mar 23, 2012 2:43am Mar 23, 2012 2:43am
Quoting nAVIN2007
cannot argue with chart bro!!!..lol
i must admit that since beginning of the year and mostly this month..... market is really really really not for everyone! must be very cautious! i bet there was billions people short. killed everyone in one m15 move. this is not a move, this is a declaration of war!
90% of traders use TA, indicators and prediction
  • #304,818
  • Mar 23, 2012 2:47am Mar 23, 2012 2:47am
Quoting _BBKing_
i must admit that since beginning of the year and mostly this month..... market is really really really not for everyone! must be very cautious! i bet there was billions people short. killed everyone in one m15 move. this is not a move, this is a declaration of war!
lol.. this the real war of terrorism.. lol.

actually this is life, if it is too easy, where's the challenge? this is why stops really a useful tool in trading, been saved by it many many times...
  • #304,819
  • Mar 23, 2012 2:48am Mar 23, 2012 2:48am
Quoting _BBKing_
i must admit that since beginning of the year and mostly this month..... market is really really really not for everyone! must be very cautious! i bet there was billions people short. killed everyone in one m15 move. this is not a move, this is a declaration of war!
this is the nature of the market..i mentioned to phanti buy euro i while back it seemed like crazy to buy it..it was pretty much caught on the bottom..but i didnt buy myself because it appear crazy

cable downtrend needs to suck blood..so big player play with PA to suck short into market and blow them out of the sea

even myself confused but if u look at bigger time aspect this appear normal and everything else is noise

now im late..lol
  • #304,820
  • Mar 23, 2012 2:49am Mar 23, 2012 2:49am
frankie fakey anyone?

has to be a run on the sls of the many shorts
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