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Cable Update (GBPUSD)

  • #311,581
  • May 4, 2012 10:25am May 4, 2012 10:25am
Yes =freefall !!



Quoting Bones
Low taken ,please keep an eye on
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Click to Enlarge Name: eur jpy 4-5-12 h1 7.gif Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #311,582
  • May 4, 2012 10:26am May 4, 2012 10:26am
Quoting Tnfx
Did you get in? 4+ now.

no...I did not get in - taking it easy today.
I don't trust any move - when you have profit...take it.
  • #311,583
  • May 4, 2012 10:28am May 4, 2012 10:28am




Quoting bbmac
I don't think I can predict it at all with any accuracy, I just trade the set-ups that are part of my edge. The question probably relates thougn to whether it is possible to see farther out re time scale ? Again I think it is impossible to predict a market - all you can do is have an edge and play the edge - howsoever it is derived (technically, fundamentally or another type of analysis) None of us can know what is going to happen next and if that is the case - then it must be harder to know what is going to happen farther out ?

G/L
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #311,584
  • May 4, 2012 10:34am May 4, 2012 10:34am
Quoting bbmac
I don't think I can predict it at all with any accuracy, I just trade the set-ups that are part of my edge. The question probably relates thougn to whether it is possible to see farther out re time scale ? Again I think it is impossible to predict a market - all you can do is have an edge and play the edge - howsoever it is derived (technically, fundamentally or another type of analysis) None of us can know what is going to happen next and if that is the case - then it must be harder to know what is going to happen farther out ?

G/L

So very well said - and after you look at the charts and with all your experience and all your tools to help you place your trade things still do not seem clear - step away. There are 3 positions we can take in the market.....long - short - or no position at all.

I am flat and will remain that way for the rest of the day -

Faller
I don't trust any move - when you have profit...take it.
  • #311,585
  • May 4, 2012 10:34am May 4, 2012 10:34am
I reccommend Hussin read thread
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #311,586
  • May 4, 2012 10:36am May 4, 2012 10:36am
No ,power of confluence confluence !

This market very connected


Quoting Faller
So very well said - and after you look at the charts and with all your experience and all your tools to help you place your trade things still do not seem clear - step away. There are 3 positions we can take in the market.....long - short - or no position at all.

I am flat and will remain that way for the rest of the day -

Faller
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #311,587
  • May 4, 2012 10:44am May 4, 2012 10:44am
Anyone buying ?
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #311,588
  • May 4, 2012 10:45am May 4, 2012 10:45am
Quoting Bones
Anyone buying ?
Nice~, buying any pair tonight is suicide..

Edit: Saw Eur/GBP and I see Long opportunity.. went long on that pair @8108.. Try to swing it till next week
Trade what you see. Write what you feel
  • #311,589
  • May 4, 2012 11:09am May 4, 2012 11:09am
Quoting Bones
no
candy resistance is at about 9960 mate.. imho.

if that price rejects, cable will move up again..
  • #311,590
  • May 4, 2012 11:10am May 4, 2012 11:10am
Quoting Bones
Anyone buying ?
Looks it talks to you really lol

Great job Bones.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #311,591
  • May 4, 2012 11:17am May 4, 2012 11:17am
Quoting A-speculator
candy resistance is at about 9960 mate.. imho.

if that price rejects, cable will move up again..
wtf is candy btw?? i hope ur not talking about USDCAD... because thats called the Loonie....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #311,592
  • May 4, 2012 11:18am May 4, 2012 11:18am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Going fast nowwhere are we....
Seems we will close @ 6170...I'd love to see 6100 or below though for buying


Quoting ams
we otta collect pips dropped for nfp don't we...no surprises there...go back to where we started the day now...

I like to see 6100 though weekly res...and low of last week to put buy order...

http://www.forexfactory.com/showthre...15#post5637715
  • #311,593
  • May 4, 2012 11:20am May 4, 2012 11:20am
Quoting bguguen
wtf is candy btw?? i hope ur not talking about USDCAD... because thats called the Loonie....
yeah it known as loonie also..
  • #311,594
  • May 4, 2012 11:22am May 4, 2012 11:22am
Quoting A-speculator
yeah it known as loonie also..
anyways... if i did my calculations right... at the configured lot size im playing with.... i should be back to 8000 USD by end of June
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #311,595
  • May 4, 2012 11:23am May 4, 2012 11:23am
Quoting ams
Going fast nowwhere are we....
Seems we will close @ 6170...I'd love to see 6100 or below though for buying
if cable go to 6100 why buy? it's selling zone mate.. atm cable already pass 6160, so no no to buy.. unless cable can sustainably trade above 6160..

let's wait and see.. stop that ichy fingers.. lol.
  • #311,596
  • May 4, 2012 11:25am May 4, 2012 11:25am
Quoting bguguen
anyways... if i did my calculations right... at the configured lot size im playing with.... i should be back to 8000 USD by end of June
yeah, actually i'm worried that you might blow your account.. because i think you are a good fundi trader and i don't want you to get depressed and stop trading..

taking a big loss does not only damage the account, it also damage one's soul.. i hope, and i really mean it, you are doing well..
  • #311,597
  • May 4, 2012 11:29am May 4, 2012 11:29am
Quoting A-speculator
yeah, actually i'm worried that you might blow your account.. because i think you are a good fundi trader and i don't want you to get depressed and stop trading..

taking a big loss does not only damage the account, it also damage one's soul.. i hope, and i really mean it, you are doing well..
Mate this account is not manual trades dude.... its a system....
so no fundies are involved in this bot....
I aint blowing no accounts... in fact my Manual account is in the green right now...

In fact i feel the bot was rather unfortunate... GBPNZD did retrace before and it almost took profit at 1.9625 but it just didnt drop down enough the retracement low as 10 pips short from the Take profit.... so its just major unfortunate...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #311,598
  • May 4, 2012 11:29am May 4, 2012 11:29am
No A really no that wont happen this week mate please check your weekly ,tell me what you see


Quoting A-speculator
candy resistance is at about 9960 mate.. imho.

if that price rejects, cable will move up again..
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #311,599
  • May 4, 2012 11:30am May 4, 2012 11:30am
looking too bullish to me
  • #311,600
  • May 4, 2012 11:32am May 4, 2012 11:32am
Haha

Thanks Z

Really enjoyed this week




Quoting Zircon
Looks it talks to you really lol

Great job Bones.
On-site guru & also FF member's' psychiatrist, when not drinking tea
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