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Cable Update (GBPUSD)

  • #307,641
  • Apr 12, 2012 3:38am Apr 12, 2012 3:38am
maybe this is the time to make lower low. i added my short position
  • #307,642
  • Apr 12, 2012 3:38am Apr 12, 2012 3:38am
Quoting UbuFamily
she just broke 5937
lol. SL was triggered.. well being cable, you know.. sideline atm..
  • #307,643
  • Apr 12, 2012 3:39am Apr 12, 2012 3:39am
Quoting bguguen
...
i sincerely dont know what the fuck's going on right now...
good job then that you don't have to know, just trade what we see - not what we think. - The market doesn't care what we think.

--------

testing 61.8% 6045-5803 now at the Hi.

G/L
ex member
  • #307,644
  • Apr 12, 2012 3:40am Apr 12, 2012 3:40am
LOL,

Looks like I'm not the only one who have been confused by the reaction to news...


Seb
Attached Image (click to enlarge)
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  • #307,645
  • Apr 12, 2012 3:41am Apr 12, 2012 3:41am
Quoting bbmac
the market is always full of bears and bulls, sellers and buyers, supply and demand - there is nothing strange about it or about this PA,...

market reacting to 0930am data now.

G/L
i know, the thing is, it's not as volatile as during london market open.. that is why i thought i might miss something.. perhaps it is due to critical price level before breakout, right?
  • #307,646
  • Apr 12, 2012 3:44am Apr 12, 2012 3:44am
90% of traders use TA, indicators and prediction
  • #307,647
  • Apr 12, 2012 3:46am Apr 12, 2012 3:46am
I have no idea - I'm not that smart. To me it was a classic hi-probability 'buy the resistance' PA pattern ie the dips being bought on tests of the supply leading to 5936-yesterday's hi resulting in HL's and an asending wedgy thing.

G/L

Quoting A-speculator
i know, the thing is, it's not as volatile as during london market open.. that is why i thought i might miss something.. perhaps it is due to critical price level before breakout, right?
ex member
  • #307,648
  • Apr 12, 2012 3:48am Apr 12, 2012 3:48am
supply coming in at that 61.8% 6045-5803, will it restest the 5936 area hi zone ? will this then act as support following the b/o ? -or- like yesterday a false upside break ?

G/L
ex member
  • #307,649
  • Apr 12, 2012 3:49am Apr 12, 2012 3:49am
Quoting bguguen
Whoa bad news in UK with increased balance of payment trade deficit... and we have GBPUSD flying up... i wonder if this is a stop hunt at 1.5950 before the drop...
i sincerely dont know what the fuck's going on right now...
this one are not fundi, notechnical either
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #307,650
  • Apr 12, 2012 3:50am Apr 12, 2012 3:50am
Quoting Allseeingeye
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I trade to live
  • #307,651
  • Apr 12, 2012 3:50am Apr 12, 2012 3:50am
Quoting A-speculator
yeah seems that way..

hi all,,...is it a good idea to go long eur/gbp , as its very low and rigth now?
or it will fall more...what u think..thanx in advance
  • #307,652
  • Apr 12, 2012 3:51am Apr 12, 2012 3:51am
Quoting bguguen
Whoa bad news in UK with increased balance of payment trade deficit... and we have GBPUSD flying up... i wonder if this is a stop hunt at 1.5950 before the drop...
i sincerely dont know what the fuck's going on right now...

I don't trust any move - when you have profit...take it.
  • #307,653
  • Apr 12, 2012 3:51am Apr 12, 2012 3:51am
Looks like somebody working for a big fund pressed the wrong button.
  • #307,654
  • Apr 12, 2012 3:53am Apr 12, 2012 3:53am
Quoting A-speculator
lol. SL was triggered.. well being cable, you know.. sideline atm..
stoploss hunting took it to 1.5955. bears still in control till 1.5975 not broken.
  • #307,655
  • Apr 12, 2012 3:54am Apr 12, 2012 3:54am
Quoting RRRulio
Looks like somebody working for a big fund pressed the wrong button.
no he did a very perfect job!!! and not ended yet.
ok i disappear again...
byebye good luck
90% of traders use TA, indicators and prediction
  • #307,656
  • Apr 12, 2012 3:55am Apr 12, 2012 3:55am
Quoting ash_k
hi all,,...is it a good idea to go long eur/gbp , as its very low and rigth now?
or it will fall more...what u think..thanx in advance
i wouldn't long that pair coz daily pattern is dojis making lower lows and highs.. but that just me..
  • #307,657
  • Apr 12, 2012 3:55am Apr 12, 2012 3:55am
Quoting _BBKing_
i have a sell limit @1.6230

just in case price will reach there when i'm out or sleeping.
R you still asleep?
  • #307,658
  • Apr 12, 2012 3:56am Apr 12, 2012 3:56am
Quoting A-speculator
i wouldn't long that pair coz daily pattern is dojis making lower lows and highs.. but that just me..

thankyou...
  • #307,659
  • Apr 12, 2012 3:57am Apr 12, 2012 3:57am
Quoting RRRulio
Looks like somebody working for a big fund pressed the wrong button.

HAHA. Thats true, bear all the way. Personal sentiments might test 1.5875. If it breaks further it'll go to 15800. Might be retesting, for cable it won't be able to test the 585. to hit the 1.60.

Basically US will end the market, this is the 4th wave already. US will end the market doing pretty well <
  • #307,660
  • Apr 12, 2012 3:57am Apr 12, 2012 3:57am
Quoting _BBKing_
no he did a very perfect job!!! and not ended yet.
ok i disappear again...
byebye good luck
Stay, stay
If skills could be acquired by watching, every dog would be a butcher. Turk
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