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Cable Update (GBPUSD)

  • #308,361
  • Apr 16, 2012 7:53am Apr 16, 2012 7:53am
Quoting Allseeingeye
My mistake you said dont go to aggressive on longs i messed up it was Ill Be Back.
no problem mate..
  • #308,362
  • Apr 16, 2012 8:05am Apr 16, 2012 8:05am
Quoting Ill-b-back
Could be bro, I'm off to do a massage but still holding my hedge from the other week, so long as it don't completely crap itself south, I think I could be offloading my short this week and maybe the long next week, but just estimating
what hedge u holding bro?
I trade to live
  • #308,363
  • Apr 16, 2012 8:51am Apr 16, 2012 8:51am
mix good and bad data from US.......i am waiting how cable react to them, still observing, it is still not far from 5830.....anything possible...seems like it will test 825 again....ATM i don't have any position here, still waiting....
  • #308,364
  • Apr 16, 2012 8:54am Apr 16, 2012 8:54am
Quoting Red Alert
mix good and bad data from US.......i am waiting how cable react to them, still observing, it is still no far from 5830.....anything possible...seems like it will test 825 again....ATM i don't have any position here, still waiting....
i hope not.. i get bored when price consolidate.. lol
  • #308,365
  • Apr 16, 2012 9:01am Apr 16, 2012 9:01am
Quoting A-speculator
i hope not.. i get bored when price consolidate.. lol
hi mate...check it on m1/5/15 aussie, ..... i know it's too early to say...but it could be something...

good luck
  • #308,366
  • Apr 16, 2012 9:04am Apr 16, 2012 9:04am
Quoting Red Alert
hi mate...check it on m1/5/15 aussie, ..... i know it's too early to say...but it could be something...

good luck
yeah, i saw that too.. seems like its struggling to get pass the 61 fibo.. but i wouldn't do anthing about it yet.. still waiting for confirmations.. i'm thinking to add to my position but maybe tomorrow, see how price progress first..
  • #308,367
  • Apr 16, 2012 9:05am Apr 16, 2012 9:05am
Quoting A-speculator
you off to bed already? this early? come on man..
he's 2 hour ahead of us bro
I trade to live
  • #308,368
  • Apr 16, 2012 9:10am Apr 16, 2012 9:10am
Quoting Faller
1.5836 breaks look for 1.5800 then 1.5775

Posted last night.....above.

Faller.
I don't trust any move - when you have profit...take it.
  • #308,369
  • Apr 16, 2012 9:13am Apr 16, 2012 9:13am
Quoting UbuFamily
he's 2 hour ahead of us bro
i see.. no wonder..
  • #308,370
  • Apr 16, 2012 9:16am Apr 16, 2012 9:16am
Quoting A-speculator
yeah, i saw that too.. seems like its struggling to get pass the 61 fibo.. but i wouldn't do anthing about it yet.. still waiting for confirmations.. i'm thinking to add to my position but maybe tomorrow, see how price progress first..
nice mate, your patience to wait the momentum....., good luck mate.... i am waiting and waiting (not usual like this, ...waiting mode on...)
  • #308,371
  • Apr 16, 2012 9:17am Apr 16, 2012 9:17am
Quoting UbuFamily
It depends how NY open react..London open I don't care because of the fishy stuff I said earlier..Last week huge drop lead to invitation for big boys' stop hunt traps..Not just one hunt, lots of it..but Daily remain bearish in formation...I can't affort to float anymore..PA decides it..

Hey look at UCAD... could be 20-30p bull retrament in Cable..IMO i may be wrong..
Ok I'm done with small 15bucks sell scalp...as I said earlier to Ill b back, I would only take serious trade if PA looks good to me...but u see what I meant by fishy? This is a fishy tight consolidation now..I'm not interested to see charts..I think i'm off to bed...by the way, it is not recommended to trade on Monday except if u are a professional...

the 20-30p retraction did really reacted..

good night all i hope everyone have a good entry or pips..

I trade to live
  • #308,372
  • Apr 16, 2012 9:30am Apr 16, 2012 9:30am
Quoting Red Alert
nice mate, your patience to wait the momentum....., good luck mate.... i am waiting and waiting (not usual like this, ...waiting mode on...)
well, i think you'll get used to it.. trading is full of waiting..

i was thinking to add to my fiber position at 3030, but too scared to push the button.. lol

the reason for this is the retest above the 4h hammer.. i think i missed it.. oh well..
  • #308,373
  • Apr 16, 2012 9:43am Apr 16, 2012 9:43am
Quoting A-speculator
well, i think you'll get used to it.. trading is full of waiting..

i was thinking to add to my fiber position at 3030, but too scared to push the button.. lol

the reason for this is the retest above the 4h hammer.. i think i missed it.. oh well..
hi mate, just like what navin said, it will be million of chance later...you missed nothing...take it easy...you remind us, don't trade if not sure or confusing....
  • #308,374
  • Apr 16, 2012 9:48am Apr 16, 2012 9:48am
Quoting Red Alert
hi mate, just like what navin said, it will be million of chance later...you missed nothing...take it easy...you remind us, don't trade if not sure or confusing....
i guess so..

until we see ucad going back down side, cable will move aggressively to the upside..

i'm thinking ucad has just made its highest price level.. which is retest the low of the consolidation.. just my 2 cents..
  • #308,375
  • Apr 16, 2012 9:58am Apr 16, 2012 9:58am
Quoting A-speculator
i guess so.. until we see ucad going back down side, cable will move aggressively to the upside..

i'm thinking ucad has just made its highest price level.. just my 2 cents..
i have different view mate....in H1 TF i see big hammer also AU, i just made sell at 15850, small lot just for test....
  • #308,376
  • Apr 16, 2012 10:03am Apr 16, 2012 10:03am
Quoting Red Alert
i have different view mate....in H1 TF i see big hammer also AU, i just made sell at 15850, small lot just for test....
just to show you why i'm bullish, i have to zoom in the chart a little.. now see the wick in 4h, we have yet to see new low from the wick, meaning that in lower TF, the price unable to make new lows..

that translates to... cable will not move to the downside.. imho.

comfirmation for the uptrend will be a 4h closed above the 50 fibo which is about 5850..
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 40 KB
  • #308,377
  • Apr 16, 2012 10:09am Apr 16, 2012 10:09am
Quoting A-speculator
just to show you why i'm bullish, i have to zoom in the chart a little.. now see the wick in 4h, we have yet to see new low from the wick, meaning that in lower TF, the price unable to make new lows..

that translates to... cable will not move to the downside.. imho.

comfirmation for the uptrend will be a 4h closed above the 50 fibo which is about 5850..
other than that, we have swissy aggressively move to the downside and fiber to the upside, the only hold cable atm is the candy, once candy insync with swissy, than only cable will move along with fiber..

eurgbp also move aggressively to the upside, which hold movement on cable.. so 2 factors currently holding cable from moving to the upside, it's just a matter of time before cable joins fiber..
  • #308,378
  • Apr 16, 2012 10:12am Apr 16, 2012 10:12am
Quoting A-speculator
just to show you why i'm bullish, i have to zoom in the chart a little.. now see the wick in 4h, we have yet to see new low from the wick, meaning that in lower TF, the price unable to make new lows..

that translates to... cable will not move to the downside.. imho.

comfirmation for the uptrend will be a 4h closed above the 50 fibo which is about 5850..
nice analysis mate, i am flexible....maybe short may be long.....my manual cut loss will be done if needed.....
  • #308,379
  • Apr 16, 2012 10:15am Apr 16, 2012 10:15am
Quoting Red Alert
nice analysis mate, i am flexible....maybe short may be long.....my manual cut loss will be done if needed.....
i prefer not to use hard stop by means that we have to cut loss ourself since most of the time when we want to cut loss our position, we have to fight with emotions (the fear & hope) so normally i will set the stops first before thinking which price to take..
  • #308,380
  • Apr 16, 2012 10:21am Apr 16, 2012 10:21am
Quoting A-speculator
i prefer not to use hard stop by means that we have to cut loss ourself since most of the time when we want to cut loss our position, we have to fight with emotions (the fear & hope) so normally i will set the stops first before thinking which price to take..
yes you right, in many case on me, hope won the war , very nice mate....how we should manage our emotion and think more logical about risk we are facing....you show me, which one i have to improve .....thank you mate.....
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