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Cable Update (GBPUSD)

  • #306,441
  • Apr 5, 2012 5:35am Apr 5, 2012 5:35am
Quoting smikester
This is getting serious.
the major obstacles for fiber is 1.3.. would like to see how price behave about the support..
  • #306,442
  • Apr 5, 2012 5:38am Apr 5, 2012 5:38am
Quoting 0rPhioZ
I missed that easy money . LOL, will wait for retracement and nice PA before adding SHORT. I'm not confident to add any more LONG for now, still holding my LONG from yesterday. It seems to me we haven't seen the bottom yet. What a nice troll for celebrating easter .
must be careful in longs for a while!
i was waiting to short near 5930
as always thinking on a price could mean to miss a good trade.
again the same lesson for me: never think!! look charts.

anyway if price will tank down without testing levels 5930-50 etc.... must be ready to accept a possible fast move up!
90% of traders use TA, indicators and prediction
  • #306,443
  • Apr 5, 2012 5:42am Apr 5, 2012 5:42am
Quoting A-speculator
the major obstacles for fiber is 1.3.. would like to see how price behave about the support..
hourly speaking they could find a way to keep support holding.
question is: for how much time?
overall european situation is getting worse every new season for what i see.

but let's see.
everytime euro dips, someone comes and buy it and price fly 200-300 pips before another tank.

actually, talking in med term looks like there is not anymore reasons to go above 1.34 - 1.35
90% of traders use TA, indicators and prediction
  • #306,444
  • Apr 5, 2012 5:43am Apr 5, 2012 5:43am
Quoting _BBKing_
must be careful in longs for a while!
i was waiting to short near 5930
as always thinking on a price could mean to miss a good trade.
again the same lesson for me: never think!! look charts.

anyway if price will tank down without testing levels 5930-50 etc.... must be ready to accept a possible fast move up!
depending on the PA today, i think we might get rejection somewhere around the 5750 level.. the test of the previous top of candles before breakout to the upside..
  • #306,445
  • Apr 5, 2012 5:46am Apr 5, 2012 5:46am
Quoting _BBKing_
hourly speaking they could find a way to keep support holding.
question is: for how much time?
overall european situation is getting worse every new season for what i see.

but let's see.
everytime euro dips, someone comes and buy it and price fly 200-300 pips before another tank.

actually, talking in med term looks like there is not anymore reasons to go above 1.34 - 1.35
better if we can get breakout on the 1.3 today, so that we can load short when the price retested that area..
  • #306,446
  • Apr 5, 2012 5:52am Apr 5, 2012 5:52am
Quoting A-speculator
depending on the PA today, i think we might get rejection somewhere around the 5750 level.. the test of the previous top of candles before breakout to the upside..
i only now that near 5780-5810 i will search long entries
and near 5950 will search short entries

unless these levels appears tomorrow: i will not trade tomorrow, maybe give an eye at charts but i expect too much volatility. surely something will go broken tomorrow, not certainly my account
90% of traders use TA, indicators and prediction
  • #306,447
  • Apr 5, 2012 5:52am Apr 5, 2012 5:52am
Quoting A-speculator
depending on the PA today, i think we might get rejection somewhere around the 5750 level.. the test of the previous top of candles before breakout to the upside..
i suspected 5700-5750 area... so i'm planning on closing all my positions on cable at 5750..
  • #306,448
  • Apr 5, 2012 5:57am Apr 5, 2012 5:57am
Quoting _BBKing_
must be careful in longs for a while!
i was waiting to short near 5930
as always thinking on a price could mean to miss a good trade.
again the same lesson for me: never think!! look charts.

anyway if price will tank down without testing levels 5930-50 etc.... must be ready to accept a possible fast move up!
Yep, but I don't feel comfortable shorting this pair from such lagging retracement. Now currently lagging again, this pair is quite a mess. It feels like we're sitting in a range. I feel that this range will be broken tomorrow. To where ? Unknown.
  • #306,449
  • Apr 5, 2012 6:03am Apr 5, 2012 6:03am
Quoting A-speculator
i suspected 5700-5750 area... so i'm planning on closing all my positions on cable at 5750..
for what i see also 5750 looks far today.
but depends in the kind of trade.... if i was short near 1.5900 i would certainly already closed at these levels. but it's me!

price technically can also go in 1.56 again even lower.
let's see, every new h1 candle there is something new to read
90% of traders use TA, indicators and prediction
  • #306,450
  • Apr 5, 2012 6:04am Apr 5, 2012 6:04am
Cable..
TP around 5806 ????
Attached Image (click to enlarge)
Click to Enlarge Name: 5806.jpg Size: 116 KB
  • #306,451
  • Apr 5, 2012 6:14am Apr 5, 2012 6:14am
Quoting _BBKing_
for what i see also 5750 looks far today.
but depends in the kind of trade.... if i was short near 1.5900 i would certainly already closed at these levels. but it's me!

price technically can also go in 1.56 again even lower.
let's see, every new h1 candle there is something new to read
yeah, 1.56 is definite from current PA unless we see strong reversal candles indicate otherwise..

anyway, today is the 3rd day run downtrend.. perhaps we might get some sort a reversal after today.. maybe we can see some sort of exhaustion after today session..
  • #306,452
  • Apr 5, 2012 6:15am Apr 5, 2012 6:15am
nice sell guys..

damn good trade..i wish i sold as well..but wasnt to confident in it

weekly aint looking to go for meh
  • #306,453
  • Apr 5, 2012 6:30am Apr 5, 2012 6:30am
Quoting nAVIN2007
nice sell guys..

damn good trade..i wish i sold as well..but wasnt to confident in it

weekly aint looking to go for meh
Navin the mad trader. he sticks to his 1.65 levels no matter what happens. even i gave up yesterday after gbp was unable to break 1.5913 and closed in small loss. but navin is navin . I remember a forex trading secret when i see this stupid navin

Never trade in the opposite trend and he does it regularly.
  • #306,454
  • Apr 5, 2012 6:39am Apr 5, 2012 6:39am
Short these fraudsters:

In total, nearly 200,000 farmers in Britain received payments of £3.3bn in 2009, up from £2.6bn in 2008, but the Department for Environment, Food and Rural Affairs (Defra) has enforced an information blackout on the subsidies paid to the richest.


(Guardian UK)
Gone to a better place
  • #306,455
  • Apr 5, 2012 6:48am Apr 5, 2012 6:48am
Quoting Nachiket
Navin the mad trader. he sticks to his 1.65 levels no matter what happens. even i gave up yesterday after gbp was unable to break 1.5913 and closed in small loss. but navin is navin . I remember a forex trading secret when i see this stupid navin

Never trade in the opposite trend and he does it regularly.
Stupid and mad are not words you should use to describe a fellow trader. I am occasionally stupid and mad but you are not allowed to tell me that.

Go away.
Gone to a better place
  • #306,456
  • Apr 5, 2012 6:51am Apr 5, 2012 6:51am
Quoting Nachiket
Navin the mad trader. he sticks to his 1.65 levels no matter what happens. even i gave up yesterday after gbp was unable to break 1.5913 and closed in small loss. but navin is navin . I remember a forex trading secret when i see this stupid navin

Never trade in the opposite trend and he does it regularly.
Be carefull with your speech. That is rude.
  • #306,457
  • Apr 5, 2012 6:59am Apr 5, 2012 6:59am
load a long @ 5852
  • #306,458
  • Apr 5, 2012 7:04am Apr 5, 2012 7:04am
the train already arrived. Who's come with me?
  • #306,459
  • Apr 5, 2012 7:05am Apr 5, 2012 7:05am






Quoting smikester
Stupid and mad are not words you should use to describe a fellow trader. I am occasionally stupid and mad but you are not allowed to tell me that.

Go away.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #306,460
  • Apr 5, 2012 7:06am Apr 5, 2012 7:06am
Quoting mavewei
load a long @ 5852
you should have load short at that price.. i'm just saying..
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