Home Land Security e-watch department reports sharply increased amounts of cursing today. Not related with any government institutions this time...
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Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
DislikedI think Faller is pointing to the elephant in the room. I hope no one notices it.Ignored
Disliked...tried to give my answer - and no feathers ruffled at all. It's nice to have to try and validate one's position, as it forces one to take a closer look.
This morning's pump was a little worrisome - I wonder if this was a last attempt to get a good price before market close tonight, and you know what, if true.
Anyway, thanks IBB, you've spoilt my riding this afternoon; as opposed to concentrating on my centre line as I jump, I'll now have images of ascending and descending TL's confusing my retinas. Dear me, I hope I don't start trying to...Ignored
DislikedYO!!! wassup mike...
just woke up seeing this nice fake... i wonder how many poor bulls got caught longing....
gosh the markets are so unforgiving sometimes...Ignored
Disliked...tried to give my answer - and no feathers ruffled at all. It's nice to have to try and validate one's position, as it forces one to take a closer look.
This morning's pump was a little worrisome - I wonder if this was a last attempt to get a good price before market close tonight, and you know what, if true.
Anyway, thanks IBB, you've spoilt my riding this afternoon; as opposed to concentrating on my centre line as I jump, I'll now have images of ascending and descending TL's confusing my retinas. Dear me, I hope I don't start trying to...Ignored
Disliked...tried to give my answer - and no feathers ruffled at all. It's nice to have to try and validate one's position, as it forces one to take a closer look.Ignored
Dislikedboth is not good.. market can eat your margin by two way: 1) bit by bit which is call as piranha effect, lol 2) in one large sum, shark effect.. lol.
i don't do 50 pips sl.. like today, my entry is 5820 sl 5830, the reason i choose 5830 is because it is just above the 4h high. by placing your entry at the best level, you cannot be at the wrong direction every time.. if you always in the wrong direction, then you have to check with your TA..
as we speak, i see good level to enter fiber at 3270 with stop at 3290 which is just above the high...Ignored
DislikedThanks for the charts. In a nutshell I would say those lines are not trend lines. They are not trend lines because the price can move a long way from them. To me a trend line follows the price to a tight fit a bit like a 20 or 30 sma. Ideally in a channel. Once the price leaves that area then the trend line is invalidated. It's up to the analyst whether to move it, or not.
So what are those lines if they are not trend lines? They form dynamic support and resistance areas which are only useful if they complete a picture for the trader in conjunction...Ignored
DislikedIn the long term for a currency to be strong it has to be based on strong economic factors can anyone name any strong economic factors for Britain?Ignored
DislikedBeing offered a short here but I don't like it. Looking at other pairs.Ignored
Dislikednope.. think i might re enter at 3240, after got a 4h closed below that price.. did you manage to trigger a short? however i manage to get into short cable at 5880, sorry for not posting that since i got a visit from my aunty..
chart shows 5900 price level which i mention earlier and that is why it is the price i am looking for during the move up, but due to the momentum, i haven't had the guts to pull the trigger, only shorted when the price stalled at 5880..Ignored
Dislikednope.. think i might re enter at 3240, after got a 4h closed below that price.. did you manage to trigger a short? however i manage to get into short cable at 5880, sorry for not posting that since i got a visit from my aunty..
chart shows 5900 price level which i mention earlier and that is why it is the price i am looking for during the move up, but due to the momentum, i haven't had the guts to pull the trigger, only shorted when the price stalled at 5880..Ignored
DislikedI did not managed to short it be cause already using to much of margin and my broker increases margin requirements during weekends. So I'm looking to close today some and re-enter on mondayIgnored
Dislikedthis is just a talk, not exactly an analysis. yes, it is true that we have support at 5750 area. But since we are actually so close to the support (atm it is about less than 100pips) i personally think it won't hold the momentum and the fall is expected to stalled at ultimately 5600 level (bear in mind that we have a support also at 5650), so let's just take 5600-5650 as the area of the support zone.Ignored