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Cable Update (GBPUSD)

  • #305,481
  • Mar 30, 2012 3:01am Mar 30, 2012 3:01am
Quoting Faller
but I would not trust the one hour....cuz the 4 hour and the 8 hour look like this thing could tear you a new asshole - if it keeps moving up based on a simple indicator calculation this could move up 200 pips easy......

but I am flat.

Faller.

wow - unreal price action
I don't trust any move - when you have profit...take it.
  • #305,482
  • Mar 30, 2012 3:02am Mar 30, 2012 3:02am
Quoting Fx.Fishermen
Be careful
false break out gbp/usd.
Don't go with that big boys can play you.

Good.luck

what makes u think its a false breakout?

look at the monthly..we broke the low then the high..that represents strength?
  • #305,483
  • Mar 30, 2012 3:06am Mar 30, 2012 3:06am
Quoting Faller
wow - unreal price action
Yeah crazy bro.
Took this counter trend out of interest and Resistance looking for 40 pips. Didn't hink it would work out.
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Come with me if you want to live....
  • #305,484
  • Mar 30, 2012 3:07am Mar 30, 2012 3:07am
Quoting Faller
wow - unreal price action

today is a day not to take position this thing u looking to tear an asshole for sure..
  • #305,485
  • Mar 30, 2012 3:08am Mar 30, 2012 3:08am
Quoting Mpt
Cable has now run into the weekly 200 SMA. The last time the two met was August 2008
Stop dead at your squiggly. Nice one
Thank You
  • #305,486
  • Mar 30, 2012 3:09am Mar 30, 2012 3:09am
Quoting nAVIN2007
today is a day not to take position this thing u looking to tear an asshole for sure..
Agreed, last trading day for the sessions, week, month, quarter.
Thank You
  • #305,487
  • Mar 30, 2012 3:10am Mar 30, 2012 3:10am
the only 2 x potential resistance factors I had at the current hi were that 85.4% 6165-5234 and 176.4% extension of yesterday's down move...hardly compelling I know but the drop has been quite pronounced so far ? It remains bullish at least 1hr, 4hr and daily at the moment but whether it is a false breakout only time will tell. Quite a 5min candle a couple back - a big bearish thrust - although for you mate 5min is neither here nor there.

G/L

Quoting nAVIN2007
what makes u think its a false breakout?

look at the monthly..we broke the low then the high..that represents strength?
ex member
  • #305,488
  • Mar 30, 2012 3:11am Mar 30, 2012 3:11am
Quoting nAVIN2007
today is a day not to take position this thing u looking to tear an asshole for sure..

it is fry-day - no need to be a hero.
I don't trust any move - when you have profit...take it.
  • #305,489
  • Mar 30, 2012 3:12am Mar 30, 2012 3:12am
lol, so my short trade I had at 1.6000 with 30 pip stop loss trigged my stop pretty much to the pip and reversed. This is just one of those days. Got short on eurusd at 1.3363, so making money for the time being, moved that to be+5... going to bed
  • #305,490
  • Mar 30, 2012 3:13am Mar 30, 2012 3:13am
Quoting nAVIN2007
today is a day not to take position this thing u looking to tear an asshole for sure..

unreal - I turn the screens on and see price at 1.60 now 4 mins later a 40 pip drop.....oil dropping, euro dropping....cad dropping.....wtf?
I don't trust any move - when you have profit...take it.
  • #305,491
  • Mar 30, 2012 3:14am Mar 30, 2012 3:14am
Quoting bbmac
the only 2 x potential resistance factors I had at the current hi were that 85.4% 6165-5234 and 176.4% extension of yesterday's down move...hardly compelling I know but the drop has been quite pronounced so far ? It remains bullish at least 1hr, 4hr and daily at the moment but whether it is a false breakout only time will tell. Quite a 5min candle a couple back - a big bearish thrust - although for you mate 5min is neither here nor there.

G/L

yes i have to say the drop so far isnt good..however these big guns need to suck seller in..1.61 i hope i see today

thanks man
  • #305,492
  • Mar 30, 2012 3:15am Mar 30, 2012 3:15am
testing the previous 1hr swing lo zone now..5min hidden div and bullish hammer results..how true is this ?

G/L
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ex member
  • #305,493
  • Mar 30, 2012 3:20am Mar 30, 2012 3:20am
lets see where this sum bitch goes
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  • #305,494
  • Mar 30, 2012 3:21am Mar 30, 2012 3:21am
pump and dump due to QE comments out of UK.
I don't trust any move - when you have profit...take it.
  • #305,495
  • Mar 30, 2012 3:26am Mar 30, 2012 3:26am
Hey Nav

don't you find these long term trades heartreakers ? I don't know how you do it - they're up - then they're down lol ! I much prefer the instant (ish) gratification or instant (ish) disappointment and move on.

G/L
ex member
  • #305,496
  • Mar 30, 2012 3:27am Mar 30, 2012 3:27am
Just closed a long scalp for the USD - I also trade the dollar index. Quick scalp small 2 lot on a 10 cent move up - Captured a little profit.

Will sit on hands now - Wish I got up 15 mins earlier today. My eyes were still fuzzy when I turned my screens on and I did not have enough time to assess what was going on when all of a sudden things started to shake rattle and roll!!!!!

That was an unreal move down!!!!!

Anyway - can post results if you want but I do not see a need as I know everyone here knows I am not a bull shitter.

I will spend most of my day now going over charts and setting my other instruments that have rolled into the next months contract.


Faller.
I don't trust any move - when you have profit...take it.
  • #305,497
  • Mar 30, 2012 3:31am Mar 30, 2012 3:31am
Quoting Faller
unreal - I turn the screens on and see price at 1.60 now 4 mins later a 40 pip drop.....oil dropping, euro dropping....cad dropping.....wtf?
Daily DXY.


Quoting Faller
Anyway - can post results if you want but I do not see a need as I know everyone here knows I am not a bull shitter.
says you...
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  • #305,498
  • Mar 30, 2012 3:31am Mar 30, 2012 3:31am
Dam it got quite in here again.....is it just me....I get up and post a comment or two and everyone disappears - or are people just sitting there in front of their screens frozen saying WTF????
I don't trust any move - when you have profit...take it.
  • #305,499
  • Mar 30, 2012 3:34am Mar 30, 2012 3:34am
Quoting Fudomyo
Daily DXY.




says you...
I look forward to your charts. Work of art. Really.
Gone to a better place
  • #305,500
  • Mar 30, 2012 3:36am Mar 30, 2012 3:36am
Quoting Fx.Fishermen
Be careful
false break out gbp/usd.
Don't go with that big boys can play you.

Good.luck
as i said.
FALSE BREAK OUT.

Hope you guys used Proper Money Management.

Choose.Wisely
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