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Cable Update (GBPUSD)

  • #307,721
  • Apr 12, 2012 5:43am Apr 12, 2012 5:43am
Quoting bguguen
could be broker time zone difference that cause it...
not euphoria follower
  • #307,722
  • Apr 12, 2012 5:49am Apr 12, 2012 5:49am
Quoting TauTrader
Good day to you,

I have a fractal break-out on GU. This could indicate more upside pressure. At least a further 20 or so - I would guess. Also have fib support.


Staying long for now - but will lock at BE+2.

Regards
Closed longs @ 1.5960 and 1.5961

Regards
  • #307,723
  • Apr 12, 2012 5:55am Apr 12, 2012 5:55am
I just figured out what the problem is here.....with this up and down price action......

The market is waiting for nAVIN to close and reverse his long position - the bears need that little extra momentum to move the pendulum.

I don't trust any move - when you have profit...take it.
  • #307,724
  • Apr 12, 2012 5:58am Apr 12, 2012 5:58am
Quoting UbuFamily
wait wait wait...are u the one saying those BS post long time ago? I mean last month??

we are now currently at the hour of freshly-opened-london-business-hour....so expect something by it..I mean anytime...waiting is our job for the time being...even to poo poo in toilet needs patience..
hi Ubu, yes you right, i am ..... maybe it what i named mass murdered / slaughtered, cable moving up when majority perception (technically) expecting bearish...but it's the characteristic of cable just like you said, oftenly giving us surprise...., ......absolutely crazy....
  • #307,725
  • Apr 12, 2012 6:01am Apr 12, 2012 6:01am
Quoting Faller
I just figured out what the problem is here.....with this up and down price action......

The market is waiting for nAVIN to close and reverse his long position - the bears need that little extra momentum to move the pendulum.



will be watching 1.65 - 67 area for me to consider a short with any conviction
  • #307,726
  • Apr 12, 2012 6:02am Apr 12, 2012 6:02am

Quoting Red Alert
hi Ubu, yes you right, i am ..... maybe it what i named mass murdered / slaughtered, cable moving up when majority perception (technically) expecting bearish...but it's the characteristic of cable just like you said, oftenly giving us surprise...., ......absolutely crazy....
not euphoria follower
  • #307,727
  • Apr 12, 2012 6:04am Apr 12, 2012 6:04am
Quoting Faller
I just figured out what the problem is here.....with this up and down price action......

The market is waiting for nAVIN to close and reverse his long position - the bears need that little extra momentum to move the pendulum.

let's see, will Navin close his lovely bull position? i am not sure .... maybe it's his momentum now.... sweet for Navin....

by the way, i expecting the momentum you said faller.....The momentum will feed my poor bears....
  • #307,728
  • Apr 12, 2012 6:06am Apr 12, 2012 6:06am
Quoting Red Alert
let's see, will Navin close his lovely bull position? i am not sure .... maybe it's his momentum now.... sweet for Navin....

by the way, i expecting the momentum you said faller.....The momentum will feed my poor bears....

i certainly will not close the move hasnt even started
I have at least 2 months more in this sum bitch of a trade
  • #307,729
  • Apr 12, 2012 6:07am Apr 12, 2012 6:07am
wanna close my long at 1.5997
  • #307,730
  • Apr 12, 2012 6:08am Apr 12, 2012 6:08am
Bond auctions were crap today, UK trade balance was crap - there were a few Italian Banks that were limit down in trade today......Bid to Cover Ratio for UK Bpnds was crap today....

Can't see how this is bullish for Euro or the Pound.....

But like I have said before....

I am not that smart.

everything takes time - and it always makes sense when you look back.

Faller
I don't trust any move - when you have profit...take it.
  • #307,731
  • Apr 12, 2012 6:09am Apr 12, 2012 6:09am
Quoting iqyu5an
In this case, technically, it was indicated bearish, but the fact it was bullish
  • #307,732
  • Apr 12, 2012 6:11am Apr 12, 2012 6:11am
GBP hit the trendline to the pip where I added Shorts. TP 1.57

M15 looks like its tipping over as well.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD trendline short.jpg Size: 90 KB
  • #307,733
  • Apr 12, 2012 6:11am Apr 12, 2012 6:11am
Quoting nAVIN2007
i certainly will not close the move hasnt even started
I have at least 2 months more in this sum bitch of a trade

I admire your fortitude.
I don't trust any move - when you have profit...take it.
  • #307,734
  • Apr 12, 2012 6:14am Apr 12, 2012 6:14am
Quoting Faller
I admire your fortitude.

Thank u..off to work soon, gonna leave in around 1 hr time..
if i dont get a chance to say it..have a great day!!
  • #307,735
  • Apr 12, 2012 6:14am Apr 12, 2012 6:14am
Good day to you,

Entered short @ 1.5956.

Do not ask me why.... it's a long story. SL above the recent high. Shorted EJ as well. Well EJ was the reason for the short now. So EJ short possibly means EU need some weakness... EU weakness - if correlated - could pull GU with it...

As I said - long story....

Figured I may give it a go..

Regards
  • #307,736
  • Apr 12, 2012 6:15am Apr 12, 2012 6:15am
i decided stays sideline on cable.. trading fiber atm.. easier and better.. already covered my loss due to the SL trading fiber..

i will let cable settle down a bit before deciding on trading the pair..

later everyone..
  • #307,737
  • Apr 12, 2012 6:16am Apr 12, 2012 6:16am
Quoting TauTrader
Good day to you,

Entered short @ 1.5956.

Do not ask me why.... it's a long story. SL above the recent high. Shorted EJ as well. Well EJ was the reason for the short now. So EJ short possibly means EU need some weakness... EU weakness - if correlated - could pull GU with it...

As I said - long story....

Figured I may give it a go..

Regards
wish you well with your shorts
  • #307,738
  • Apr 12, 2012 6:17am Apr 12, 2012 6:17am
With a proper market reaction.....should see 1.5860 today.

But with all the governments covering up their shit and buying bonds and intervening here and there to make the world economy look better then what it is......who the hell knows.......

At face value - Euro should be at 1.25 Pound should be at 1.40 and oil should be at 60 bucks.

Just my thoughts.....

Faller.
I don't trust any move - when you have profit...take it.
  • #307,739
  • Apr 12, 2012 6:18am Apr 12, 2012 6:18am
Quoting corpo30
It may go to 5968 area to accomplish gartley, this area is ABCD 127.2% expansion and also coinciding with 61.8% retracemant of XA. I may look for sell signal in this area and i may go short if and only if MACD trend will turn bearish at 4H and 1H timeframe after accomplishing that gartley. Now trend at 4H time frame and 1H time frame is bullish. If it will disrespect 5968 area then next level to watch for is 1.6000 because it will be very very near to ABCD 1.618 expansion and also 1.6 is psychological no. . This will be last hope for bears....
It hit 5968 and now respecting that area. I will see if it give a sell signal by trend changing at MACD traditional or by any significant bearish candle pattern .
  • #307,740
  • Apr 12, 2012 6:20am Apr 12, 2012 6:20am
Quoting Faller
With a proper market reaction.....should see 1.5860 today.

But with all the governments covering up their shit and buying bonds and intervening here and there to make the world economy look better then what it is......who the hell knows.......

At face value - Euro should be at 1.25 Pound should be at 1.40 and oil should be at 60 bucks.

Just my thoughts.....

Faller.
Same here, but oil at $75, GBPUSD 1.50, SP500 1000 and DJIA 10,000.

These seam to be fair values.
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