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Cable Update (GBPUSD)

  • #307,461
  • Apr 11, 2012 2:02pm Apr 11, 2012 2:02pm
Quoting A-speculator
that's a bit ambitious i might say.. 5938 is at about the high of 4h fractal.. i'm not sure it's going that way, fiber is tanking and it's just a matter of time cable will follow.. the most cable will go i think is 5915 for current 4h candle, but once cable trading below 5900, i think that will be it for the upside..
Good day to you,

Just popped in ans saw your comments. Thank you - I take note and appreciate you taking the time to post.

I am testing something I have devised in terms of a scalping system to compliment my general trading system. Gunning for 1.5938. Schoolfees if it does not work out. So do not pay much attention.

Wish you all success

Warm regards
  • #307,462
  • Apr 11, 2012 2:03pm Apr 11, 2012 2:03pm
Quoting TauTrader
Good day to you,

Just popped in ans saw your comments. Thank you - I take note and appreciate you taking the time to post.

I am testing something I have devised in terms of a scalping system to compliment my general trading system. Gunning for 1.5938. Schoolfees if it does not work out. So do not pay much attention.

Wish you all success

Warm regards
orait mate.. green pips to you too..

see u later..
  • #307,463
  • Apr 11, 2012 2:59pm Apr 11, 2012 2:59pm
4hr sell signal, tight stop
Come with me if you want to live....
  • #307,464
  • Apr 11, 2012 4:00pm Apr 11, 2012 4:00pm
Quoting PoundTrader
im short at 1.5927, s/l 1.5987, t/p 1.5824
i close this trade, now waiting for the next set-up
  • #307,465
  • Apr 11, 2012 4:34pm Apr 11, 2012 4:34pm
im looking for a break up to 1.5997. base on price action. it's been a tough week for price action unless your using small time frame
  • #307,466
  • Apr 11, 2012 5:27pm Apr 11, 2012 5:27pm
Quoting bguguen
Well heres something interesting for you... Why is there such a strong support at 1.5800?? thats cuz theres big money there keeping it up...
if i were a big boy..... id try to take out those stops... thats big profits for me (ie the big boys)
Yea it depends...as in from where are the big money most comes from?

and take out those stops as in breaking them in very very huge lump sum of sell?
I trade to live
  • #307,467
  • Apr 11, 2012 5:29pm Apr 11, 2012 5:29pm
Quoting A-speculator
yeah, i see that level too.. 5600 will be taken out eventually, it won't go down in a straight line.. might get a rebound back to test 5800 once the price touch 5600 before going lower.. imho..
Yea according to historical of cable movements huh....

only the big boys loves to destroy the traditions...
I trade to live
  • #307,468
  • Apr 11, 2012 5:33pm Apr 11, 2012 5:33pm
Quoting A-speculator
technically, there are 2 support at that area.. the ascending daily trendline and the 50fibo/61fibo (depending on the TF you use) that is why there is quite a rejection at that area..

i don't think it's about stop loss hunting, the purpose of SL is to protect our margin, how we use it/where we use it totally depend on us.. what i mean is, stoploss is usually placed above s&r level, if you want to minimize the SL level, PO you position very close to the SL level, by doing that, you won't have 50 pips SL..

This strategy is doable and...
IMO, it is not really a good setup in a ranging market as it now..
I trade to live
  • #307,469
  • Apr 11, 2012 5:33pm Apr 11, 2012 5:33pm
Quoting UbuFamily
Yea according to historical of cable movements huh....

only the big boys loves to destroy the traditions...
Dont you think the coming olympic games will make it go to 1,60+?

Got a long @1,5814. Hoping to hold it until 1,6130 at least...
  • #307,470
  • Apr 11, 2012 5:38pm Apr 11, 2012 5:38pm
Quoting PoundTrader
look like she wants to flirt with 1.6000 area
If she dare to break 5837(yesterday high) first

mommy said no flirting until u reach 5837 age!
I trade to live
  • #307,471
  • Apr 11, 2012 5:42pm Apr 11, 2012 5:42pm
Quoting eggs
Stops are Stops...Potato e / Potato. Either way it's big $$. Big money SL propping up the area. Or if the support is broken STOP entries getting filled pushing price lower......Only Details. You have to look past the trees to see the forest.
It depends what stop order entry was being setup.. cuz we got 2 button of buy & sell..

Ya I agree 5800 zone is a strong support..

It is the place of tournament

Attached Image
I trade to live
  • #307,472
  • Apr 11, 2012 5:44pm Apr 11, 2012 5:44pm
Quoting Leeson
Dont you think the coming olympic games will make it go to 1,60+?

Got a long @1,5814. Hoping to hold it until 1,6130 at least...
Why would Olympics strengthen pound? Olympic profits?
Come with me if you want to live....
  • #307,473
  • Apr 11, 2012 5:47pm Apr 11, 2012 5:47pm
Quoting Ill-b-back
Why would Olympics strengthen pound? Olympic profits?
Lot's of people will be traveling to UK lots of pounds will be bought, also it will be quite good to the UK economy this event. Just wondering...
  • #307,474
  • Apr 11, 2012 5:47pm Apr 11, 2012 5:47pm
Quoting UbuFamily
If she dare to break 5837(yesterday high) first

mommy said no flirting until u reach 5837 age!
You on the juice again bro? I got a small short with tight SL above the high. How's your system been handling this odd PA? or have you been on the sidelines?
Come with me if you want to live....
  • #307,475
  • Apr 11, 2012 5:48pm Apr 11, 2012 5:48pm
Quoting Johnny Depp
I still not having a clear shot.. Ive might pull the trigger for a short at 5920 ,but the wind too strong.... its out of my scope range.. right now pound seem to be tanking more then usd so.. im on the side line.. may be there is NO trade for me today..
If u have no trade today... please continue making a new movie of Pirate carribean...I love johnny Depp..the real one not u!!

just playing my friend
I trade to live
  • #307,476
  • Apr 11, 2012 5:50pm Apr 11, 2012 5:50pm
Quoting Leeson
Lot's of people will be traveling to UK lots of pounds will be bought, also it will be quite good to the UK economy this event. Just wondering...
Yeah, that was my general impression of things but then someone (can't remember who),said countries don't really profit overall from Olympics but make substantial loss. Personally, I have no idea and I apologise if I have misquoted someone.
Come with me if you want to live....
  • #307,477
  • Apr 11, 2012 5:57pm Apr 11, 2012 5:57pm
Quoting Leeson
Dont you think the coming olympic games will make it go to 1,60+?

Got a long @1,5814. Hoping to hold it until 1,6130 at least...
Sorry mate I haven't study that yet...well I'm not the biggest fundie trader here mate...u gotta wait for dude named Bguguen here..he's the man...

by the way, u got a nice 'long' trade there..u didn't put TP? well I'm not suggesting u to close it bro..but don't be greedy for sure cable loves to give surprices
I trade to live
  • #307,478
  • Apr 11, 2012 6:02pm Apr 11, 2012 6:02pm
Quoting Leeson
Dont you think the coming olympic games will make it go to 1,60+?

Got a long @1,5814. Hoping to hold it until 1,6130 at least...
Hey buddy change your 'custom user title'...if u saying it like that, traders here won't have positive judgement on u..

anyway, about the Olympic games, do u think UK wanna have a very expensive currency exchange? Foreigner are coming to watch the game and wanna buy some popcorn for it..if the popcorn are yummy, they might as well looking for a longer stay..yup?
I trade to live
  • #307,479
  • Apr 11, 2012 6:05pm Apr 11, 2012 6:05pm
Quoting Leeson
Lot's of people will be traveling to UK lots of pounds will be bought, also it will be quite good to the UK economy this event. Just wondering...
Sorry forgot to include these.. yup u are correct on that as well..
I trade to live
  • #307,480
  • Apr 11, 2012 6:08pm Apr 11, 2012 6:08pm
Quoting Ill-b-back
You on the juice again bro? I got a small short with tight SL above the high. How's your system been handling this odd PA? or have you been on the sidelines?
ha ha what juice are u talking about bro? Don't tell me its the tiger balm..

funny thing is that I don't have any system bro...just my own scalping timing..a little bit of hedging I can say but not hedging...
I trade to live
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