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Cable Update (GBPUSD)

  • #305,821
  • Apr 2, 2012 9:31pm Apr 2, 2012 9:31pm
imho, the first down move can be expected if we get a breakout on the minor asc trendline and validated by the breakout of 5950 at about the kijun sen (the blue line)
Attached Image (click to enlarge)
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  • #305,822
  • Apr 2, 2012 10:55pm Apr 2, 2012 10:55pm
Short - 1.6028 futures prices

forex price = 1.6038

target....below 1.6028

stop above 1.6040

based on charts, techs, and fundamentals - and everything else that I look at but a lot of weight has been put on the AUD rate news.

Cheers,

Faller.

p.s. sorry nAVIN - could not help it.......just following it as I do.
Attached Image (click to enlarge)
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I don't trust any move - when you have profit...take it.
  • #305,823
  • Apr 2, 2012 11:11pm Apr 2, 2012 11:11pm
Inserted Video
not euphoria follower
  • #305,824
  • Apr 2, 2012 11:19pm Apr 2, 2012 11:19pm
Quoting iqyu5an
http://www.youtube.com/watch?v=yCjJyiqpAuU

Not sure what the F that was all about....but it did kill 2 mins and 34 seconds of my life......
I don't trust any move - when you have profit...take it.
  • #305,825
  • Apr 2, 2012 11:25pm Apr 2, 2012 11:25pm
Quoting Faller
Not sure what the F that was all about....but it did kill 2 mins and 34 seconds of my life......
i think he says that market is stagnant/boring PA..
  • #305,826
  • Apr 2, 2012 11:29pm Apr 2, 2012 11:29pm
Quoting A-speculator
i think he says that market is stagnant/boring PA..

ok....I see.

depends on what star you are looking at though.....would you not say?
I don't trust any move - when you have profit...take it.
  • #305,827
  • Apr 2, 2012 11:33pm Apr 2, 2012 11:33pm
Quoting iqyu5an
http://www.youtube.com/watch?v=yCjJyiqpAuU
At first I thought he was saying morning star, but then I realised it just warmed my heart Good time to short though I admit, looking for lower channel
Come with me if you want to live....
  • #305,828
  • Apr 2, 2012 11:33pm Apr 2, 2012 11:33pm
Quoting Faller
ok....I see.

depends on what star you are looking at though.....would you not say?
i don't know what star we should be looking... lol. what i know is i expect a drop in fiber for 3300 & 3250 (have 3 positions on fiber) from current high..
  • #305,829
  • Apr 2, 2012 11:37pm Apr 2, 2012 11:37pm
Quoting A-speculator
i don't know what star we should be looking... lol. what i know is i expect a drop in fiber for 3300 & 3250 (have 3 positions on fiber) from current high..

I am tired.....

I hope u r right.....that will help my position......
I don't trust any move - when you have profit...take it.
  • #305,830
  • Apr 2, 2012 11:41pm Apr 2, 2012 11:41pm
Quoting Faller
I am tired.....

I hope u r right.....that will help my position......
i thought you got the aussie.. that pair has moved like 50p to the downside and my was entry triggered like few hours ago, i do posted my PO here on the aussie mate, didn't get the kiwi tho..
  • #305,831
  • Apr 2, 2012 11:49pm Apr 2, 2012 11:49pm
ill-be-back, trend can be changing, i now have buy stop and sell stop orders in. short is close for some small pips.
  • #305,832
  • Apr 2, 2012 11:57pm Apr 2, 2012 11:57pm
.
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not euphoria follower
  • #305,833
  • Apr 2, 2012 11:59pm Apr 2, 2012 11:59pm
Quoting iqyu5an
.

Triangle is getting smaller and exhausted -
I don't trust any move - when you have profit...take it.
  • #305,834
  • Apr 3, 2012 12:00am Apr 3, 2012 12:00am
.
Quoting Faller
Triangle is getting smaller and exhausted -
Attached Image (click to enlarge)
Click to Enlarge Name: pvj407.gif Size: 21 KB
not euphoria follower
  • #305,835
  • Apr 3, 2012 12:02am Apr 3, 2012 12:02am
Quoting A-speculator
i thought you got the aussie.. that pair has moved like 50p to the downside and my was entry triggered like few hours ago, i do posted my PO here on the aussie mate, didn't get the kiwi tho..
i have more positions in fiber compared to only one in cable is due to i see that cable somehow can relates to usd vs commodity (mainly the CAD). if no uptrust in candy, we won't see continuation of the downtrend/no additional momentum on cable to the downside..

so if we can have the candy trading above the 9900, it will be the sign that cable will move to the downside

unlike cable, fiber relates intimately with swissy and very easy to trade.. lol.

just my 2 cents.
  • #305,836
  • Apr 3, 2012 12:06am Apr 3, 2012 12:06am
Quoting PoundTrader
ill-be-back, trend can be changing, i now have buy stop and sell stop orders in. short is close for some small pips.
I do fav short down too the 1.5936 area lets see how she breaks
  • #305,837
  • Apr 3, 2012 12:06am Apr 3, 2012 12:06am
Quoting PoundTrader
ill-be-back, trend can be changing, i now have buy stop and sell stop orders in. short is close for some small pips.
Hey PT, thx for the heads up. I have hedged positions floating from the other week and am in my single short position. I've left for work again so am committed to it. Will see how she plays out
Come with me if you want to live....
  • #305,838
  • Apr 3, 2012 12:10am Apr 3, 2012 12:10am
Quoting PoundTrader
I do fav short down too the 1.5936 area lets see how she breaks
He he, I had 5937-38 marked on my charts, I guess I need to change brokers
Come with me if you want to live....
  • #305,839
  • Apr 3, 2012 12:11am Apr 3, 2012 12:11am
Quoting Ill-b-back
Hey PT, thx for the heads up. I have hedged positions floating from the other week and am in my single short position. I've left for work again so am committed to it. Will see how she plays out
mate. i'm trying to understand why are u still holding your hedged positions? why don't you just considered it to be a loss and recovered the loss on the next trading sessions?
  • #305,840
  • Apr 3, 2012 12:12am Apr 3, 2012 12:12am
Quoting ill-b-back
he he, i had 5937-38 marked on my charts, i guess i need to change brokers
158 even 156 maybe 155 before we go back up.
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