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Cable Update (GBPUSD)

  • #311,801
  • May 6, 2012 11:07pm May 6, 2012 11:07pm
Quoting UbuFamily
Attachment


Cheers
The above chart posted last 3 may, below are the current daily.

Attached Image (click to enlarge)
Click to Enlarge Name: huhu.gif Size: 31 KB


Will it be that easy?
I trade to live
  • #311,802
  • May 6, 2012 11:10pm May 6, 2012 11:10pm
Quoting Faller
Good evening everyone -

I am going to bed - UK Bank holiday today.....was short right at the open had the same profit 20 min into the trade as I did 6 hours later so I closed the trade......happy trading to everyone. Will be back later - but do not expect much today -

Hope everyone had a great weekend!

Faller.
Good evening to u,

Don't sleep, market never sleep. Have some beers and chat with us.

Joking Well done for your scalp!
I trade to live
  • #311,803
  • May 6, 2012 11:13pm May 6, 2012 11:13pm
Quoting TauTrader
Good day to you,

Yes - long time ago. Took a total of 7 short trades on the way down at various times. Last 2 on Friday. Wanted to get back in again - but the level was risky and do not keep trades open over week-ends.

Regards


Awesome. Enjoy the profit with some grilled salmon and Domaine de la Romanee-Conti...
I trade to live
  • #311,804
  • May 6, 2012 11:18pm May 6, 2012 11:18pm
Quoting UbuFamily


Awesome. Enjoy the profit with some grilled salmon and Domaine de la Romanee-Conti...
Hehe

It's 06h00 in the morning. It's Monday... My wife will look at me funny if I put on the grill and start drinking.

(not a bad idea though...)

All success to you

Regards
  • #311,805
  • May 6, 2012 11:24pm May 6, 2012 11:24pm
Quoting TauTrader
Hehe

It's 06h00 in the morning. It's Monday... My wife will look at me funny if I put on the grill and start drinking.

(not a bad idea though...)

All success to you

Regards
Ha ha yes that's weird for a breakfast.

Have a nice day TT. Today may be a boring day with UK bank holiday. Tomorrow French bank holiday.

Regards
I trade to live
  • #311,806
  • May 7, 2012 12:41am May 7, 2012 12:41am
Quoting UbuFamily
The above chart posted last 3 may, below are the current daily.

Attachment

Will it be that easy?
Yeah bro why not? I'm going to think of the market as my friend, like you
Come with me if you want to live....
  • #311,807
  • May 7, 2012 12:47am May 7, 2012 12:47am
At last, GBP was down until 1.6114......wishing it will continue down to 1.600 hahaha
  • #311,808
  • May 7, 2012 1:16am May 7, 2012 1:16am
Quoting ttan2003
At last, GBP was down until 1.6114......wishing it will continue down to 1.600 hahaha
It will.. just not too soon..
Trade what you see. Write what you feel
  • #311,809
  • May 7, 2012 1:35am May 7, 2012 1:35am
Quoting Ill-b-back
Yeah bro why not? I'm going to think of the market as my friend, like you
Awww...quite a rejection now...Seems it is not that easy huh bro

I think the sudden up-spike just now caused by massive pending buy order setup at 6114.
I trade to live
  • #311,810
  • May 7, 2012 1:38am May 7, 2012 1:38am
Quoting TauTrader
Good day to you,

Just got up.

Entering long scalp here - will see.

Regards
Good day to you,

Locked in 15. Going out for meetings.

All the best

Regards
  • #311,811
  • May 7, 2012 1:40am May 7, 2012 1:40am
Morning , eu & gu situation now .
fontu
http://www.forexfactory.com/showthre...45#post5643245
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #311,812
  • May 7, 2012 1:46am May 7, 2012 1:46am
Quoting UbuFamily
Awww...quite a rejection now...Seems it is not that easy huh bro

I think the sudden up-spike just now caused by massive pending buy order setup at 6114.
Yeah good bounce off the 540 (I think) MA. Go Frankie!
Come with me if you want to live....
  • #311,813
  • May 7, 2012 1:55am May 7, 2012 1:55am
Bought at 1.6140 stop 1.6050 target 1.6250
The only way not to think about money is to have a great deal of it
  • #311,814
  • May 7, 2012 1:56am May 7, 2012 1:56am
Quoting Ill-b-back
Yeah good bounce off the 540 (I think) MA. Go Frankie!

I trade to live
  • #311,815
  • May 7, 2012 2:26am May 7, 2012 2:26am
Quoting UbuFamily
Linear weighted HLC, it's ok one.
Come with me if you want to live....
  • #311,816
  • May 7, 2012 3:02am May 7, 2012 3:02am
Quoting UbuFamily
Good evening to u,

Don't sleep, market never sleep. Have some beers and chat with us.

Joking Well done for your scalp!

ahhh......good morning. Back after my little sleep. I see not much has changed.

May go back to bed.......but will assess for a little bit first.

Faller
I don't trust any move - when you have profit...take it.
  • #311,817
  • May 7, 2012 3:26am May 7, 2012 3:26am
Including it opened at the price it pretty much closed at and comparing it to the aud/usd, eur/usd opened. Do you believe that she has found a bit of support and could climb from here to 1.6200?

i apologize if someone has already said something similar to this.
  • #311,818
  • Edited 3:33am May 7, 2012 3:32am | Edited 3:33am
Quoting pippaholic
Including it opened at the price it pretty much closed at and comparing it to the aud/usd, eur/usd opened. Do you believe that she has found a bit of support and could climb from here to 1.6200?

i apologize if someone has already said something similar to this.

Good question - now to analyze it.....which is the hard part. First off -I do not find much comfort these days in comparing or trying to find a correlation between pairs - very tough to do....just look at Eur/Usd and Gbp/Usd - eur been tanking while gbp has been climbing.....sometimes they say gbp tanks with eur as Euro problems affect gbp and sometimes they say gbp not following Euro because gbp is seen as a safe haven.....so like I said tough to make correlations.

When I look at the charts I see the need for a retrace back up to 1.6160 before a continued move lower - but it does not have to go up to 1.6160 it can just keep grinding lower.....to say it will go 1.6200 that is possible but I don't see that in the charts right now.....a move higher before a continued move lower is most likely. Remember bank holidays today....and tomorrow.

Trade safe...

Faller.
I don't trust any move - when you have profit...take it.
  • #311,819
  • May 7, 2012 3:41am May 7, 2012 3:41am
Thank you for those words of wisdom faller. I also agree trying to compare those 2 is quite hard. Your completely right about the bank holiday to push to 1.6200 would be pretty unlikely ill wait till price is around 1.6160 and do as you said see what the charts are telling me.
  • #311,820
  • May 7, 2012 3:52am May 7, 2012 3:52am
Quoting Faller
ahhh......good morning. Back after my little sleep. I see not much has changed.

May go back to bed.......but will assess for a little bit first.

Faller
Yeap. H4 and Daily's tl still in play.

I trade to live
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