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Cable Update (GBPUSD)

  • #309,361
  • Apr 23, 2012 11:03am Apr 23, 2012 11:03am
Quoting TauTrader
Good day to you,

Just something to make you smile...

I have to admire your staying power... be safe too!

Regards

love it!!
  • #309,362
  • Apr 23, 2012 11:10am Apr 23, 2012 11:10am
Quoting TauTrader
Good day to you,

Just something to make you smile...

I have to admire your staying power... be safe too!

Regards
Excellent...

NAV, hope all turns out well for your long.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #309,363
  • Apr 23, 2012 11:17am Apr 23, 2012 11:17am
Quoting nAVIN2007
i kinda of agree but the weekly previous suggest perhaps a new high..the concern i have if it retrace monthly will be bearish..this could make me exit..this i think is a concern..movement this week to the upside may be explosive if the direction is up

thx man, u too brother!! trade safe
I really admire your courage to stay it. bravo
  • #309,364
  • Apr 23, 2012 11:23am Apr 23, 2012 11:23am
Quoting mattrader
I really admire your courage to stay it. bravo
Quoting 45Condor
Excellent...

NAV, hope all turns out well for your long.

THANK U
  • #309,365
  • Apr 23, 2012 11:27am Apr 23, 2012 11:27am
its playing up down .. down up
i know we eventually will be together
  • #309,366
  • Apr 23, 2012 11:29am Apr 23, 2012 11:29am
Quoting 45Condor
Excellent...

NAV, hope all turns out well for your long.
Good day to you, kind sir

Nice to see you pop in!

Now THAT'S excellent...

All success

Regards
  • #309,367
  • Apr 23, 2012 11:33am Apr 23, 2012 11:33am
looking at this scenero..hope it works out..

Quoting nAVIN2007
demo chart

not a easy short by any means..retest of support perhaps..quite hard to be sure

update of that chart ..(chart below)
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  • #309,368
  • Apr 23, 2012 11:40am Apr 23, 2012 11:40am
Quoting nAVIN2007
looking at this scenero..hope it works out..
Good day to you,

Nice chart - I see that bullishness can be justified... nice shampoo - trendline break - it's all there.

But I have my reservations about continuing straight from here - that would be too easy. We either turn to kill fresh longs or we entice bears first to continue later.

but I am not one for the longer term stuff - so I am expecting a leg lower, as mentioned - for either reason.

And I wanna trade that one..

See you,

Regards
  • #309,369
  • Apr 23, 2012 11:42am Apr 23, 2012 11:42am
Quoting TauTrader
Good day to you,

Nice chart - I see that bullishness can be justified... nice shampoo - trendline break - it's all there.

But I have my reservations about continuing straight from here - that would be too easy. We either turn to kill fresh longs or we entice bears first to continue later.

but I am not one for the longer term stuff - so I am expecting a leg lower, as mentioned - for either reason.

And I wanna trade that one..

See you,

Regards

understandable
  • #309,370
  • Apr 23, 2012 11:53am Apr 23, 2012 11:53am
Quoting nAVIN2007
understandable
Good day to you,

It's just that on my 1hr, this is one of the biggest forced PA movements I have seen in recent times. Therefore my reasoning.

Squeeze. Squeeze... Like teenagers at the back of the drive-in.

You go my man

Regards
  • #309,371
  • Apr 23, 2012 12:13pm Apr 23, 2012 12:13pm
I heard it would probably be explosive already, when it breaks out - but which direction.One bank trading co, is suggesting to keep trading and follow it all the way down. I was contemplating putting in an order to short at x50 if it reaches 1.6190, - that gives a lot of leeway (but it may not be enough) and may have to prop it up, while at x25 you get double when it drops to 1.5790 - its a long way down.
Better to wait, see direction and trade x50 or x100

One guy on our site almost exclusivey trades gbp/usd gets profit on 96 to 96 / 100 trades, He opened a buy on Friday - but he trades at x10.
Info I got from forex site was:

TAKE OUT 1.6165 VERY LIKELY, AND IF
NEXT TARGET IS 1.6359
NEXT STRONG RESISTANCE 1.7332


Itraday We'll stay neutral first. On the upside, break of 1.6165 will favor that such consolidation is going to extend with another rise. But strong resistance should be seen at 50% retracement of 2.1161 to 1.3503 at 1.7332



In such case, completion of decline from 1.6764 should be confirmed. And, stronger rally should be seen to 100% projection of 1.5234 to 1.5991 from 1.5602 at 1.6359 next.
On the downside, though, below 1.6037 minor support will dampen the immediate bullish case and turn bias neutral first.


In the bigger picture, price actions from 1.3503 (2009 low) are treated as consolidations to long term down trend from 2.1161, no change in this view. Recent development painted a mixed picture on whether such consolidation is finished. We'll stay neutral first. On the upside, break of 1.6165 will favor that such consolidation is going to extend with another rise. But strong resistance ( should be seen at 50% retracement) of 2.1161 to 1.3503 at 1.7332 to limit upside to conclude the consolidation. On the downside, below 1.5234 will revive the case that such consolidation is completed and bring deeper fall to 1.4229 support for confirmation.


LONGER TERM : - corrective nature of advance from 1.0463 to 2.1161, suggests GBP/USD is now in early stage of a long term down trend.
  • #309,372
  • Apr 23, 2012 1:15pm Apr 23, 2012 1:15pm
Good day to you,

Starting to look for short here on the 4hr. Small entry going in @ 1.6113. Will add one more @ 1.6150 - then hold.

This is my personal opinion. Please do not follow.

Going to bed now. See tomorrow.

Regards
  • #309,373
  • Apr 23, 2012 1:45pm Apr 23, 2012 1:45pm
recently closed a longie. thinking short. Thanks for any opinions. I am a fallible trader and like to gather info. Seems like a good thread here.

will
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  • #309,374
  • Apr 23, 2012 2:43pm Apr 23, 2012 2:43pm
Quoting cytek
Constantia, Plattekloof, Camps Bay or Bantry Bay. very upmarket areas, very safe and with your kinda money, can definitely get something stunning. Google "Pam Golding" south africa - they are upmarket real estate agents who have some istings on their website. Cheers.
  • #309,375
  • Apr 23, 2012 3:43pm Apr 23, 2012 3:43pm
A Chart with analysis.....
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I don't trust any move - when you have profit...take it.
  • #309,376
  • Apr 23, 2012 3:53pm Apr 23, 2012 3:53pm
Quoting Faller
A Chart with analysis.....
nice to see u around bro!!
  • #309,377
  • Apr 23, 2012 4:04pm Apr 23, 2012 4:04pm
Quoting nAVIN2007
nice to see u around bro!!

Thanks.....things got a little rough last week with Iquan and I just had enough. I did take a little hit last week - stopped out minus 60 pips.......the BS in this forum distracted me and I was just not on my game. Took the family to Windsor last week (Thursday to Sunday) to visit extended family.....back at it today. Little trade overnight for profit.....currently waiting for another short entry.

Hope you are well nAVIN -

Faller.
I don't trust any move - when you have profit...take it.
  • #309,378
  • Apr 23, 2012 4:10pm Apr 23, 2012 4:10pm
Quoting Faller
Thanks.....things got a little rough last week with Iquan and I just had enough. I did take a little hit last week - stopped out minus 60 pips.......the BS in this forum distracted me and I was just not on my game. Took the family to Windsor last week (Thursday to Sunday) to visit extended family.....back at it today. Little trade overnight for profit.....currently waiting for another short entry.

Hope you are well nAVIN -

Faller.

great to hear bro!!..yes sometimes forum can distract, main thing is realising, take step back fix..come back..

having a break, damn good idea..im good bro..just waiting trying to see if this level may save my ass or do i need to wait much longer

lets both be lucky
  • #309,379
  • Apr 23, 2012 5:50pm Apr 23, 2012 5:50pm
bear waiting for dinner
Attached Image
  • #309,380
  • Apr 23, 2012 6:20pm Apr 23, 2012 6:20pm
Hello guys,

Today it is GBPUSD and GBPCAD sell every rally sell and make money.

please take my advise guys. try ti in demo, i am here to help, i am here to keep traders on right path, when you guys are wrong. i just warn you.

Please Pay Attention. Don't buy GBPUSd and GBPCAD
You Peoples Dont know Me and i am not here to share my strategy.
fact is That "" real working strategies never ever revealed to Public "" that is fact Banks Hedge Funds, buy that after testing the trader fro 6 months and they pay a lot of money for that.
anyways that is off the topic.
i am just here to help.
please guys i dont want to see ForexFactory traders take Loss thats All.
and please check my all posts i always did the old trade to new trade and shown the results. like i am writing this after 12 hours i will see you and will remind you about my Post.

My target is GBPUSD 1.6060
GBPCAD target is : 1.5900

what ever i write here i trade in real account.
you can see below.
in the snap shot i have to hide the acc Numbers.
but that is real statement of todays trade.
tomorrow i mean tuesday will be same GBPUSD SELL and GBPCAD Selll.



PipSniper.
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