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Cable Update (GBPUSD)

  • #312,221
  • May 9, 2012 3:59am May 9, 2012 3:59am
Quoting Faller
honestly I don't believe either are very strong bull - but u know me!


me too..but i will say one thing to me..i personally think the pound formation is more rounded bottom..but USD just doesnt want to fall..its bearish but going against gravity..

even look at the last month bearish candle ..its completely ignored..
cable also despite news the mofo is still charging!!!

something is cooking which is why i cashed in the lower buys
  • #312,222
  • May 9, 2012 4:02am May 9, 2012 4:02am
closed 1hr candle's body bearishly engulfs last 8 bodies on same t/f but closes in the previous minor 4hr/1hr swing lo zone around yesterday's lo...

G/L
Attached Image (click to enlarge)
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ex member
  • #312,223
  • May 9, 2012 4:04am May 9, 2012 4:04am
Try looking at 8H chart.. you get the bigger picture where market headed. Since there too many noise on < 4H chart.. 8H chart is suitable to use in this market condition.

http://www.dailyfx.com/charts

Im getting used to be ignore in the forum, so dont bother replying..

Just my 2 cent.
Trade what you see. Write what you feel
  • #312,224
  • May 9, 2012 4:06am May 9, 2012 4:06am
Quoting e_piz
Try looking at 8H chart.. you get the bigger picture where market headed. Since there too many noise on < 4H chart.. 8H chart is suitable to use in this market condition.

http://www.dailyfx.com/charts

Im getting used to be ignore in the forum, so dont bother replying..

Just my 2 cent.

ok.....ignore this - I did not reply...honest!
I don't trust any move - when you have profit...take it.
  • #312,225
  • May 9, 2012 4:08am May 9, 2012 4:08am
well actually now my eye is on the fiber... something will happen pretty soon.. PA just playing ' round 'the marker'... just waiting for it touch.. and ... boom.. im going to take it for 50 pips to the north...
  • #312,226
  • May 9, 2012 4:15am May 9, 2012 4:15am
How much demand leading down to Monday's 6113 Lo ? How strong are the bears ?

G/L
ex member
  • #312,227
  • May 9, 2012 4:16am May 9, 2012 4:16am
closed my long position with -30 pips but i'm able to cover it back by just winning on GJ short by 32 pips...
  • #312,228
  • May 9, 2012 4:17am May 9, 2012 4:17am
Quoting nAVIN2007
so far it looks to me like a pullback to retest channel breakout..
Based on what u r saying for the pullback to retest channel breakout, i will not surprise to see her back to 1.6 level which is a 61.8% fibo on my chart and near the long bullish TL from 3 Mar 2012.

Comments?

http://img163.imageshack.us/img163/2523/cable3p.jpg
May the pips be with me !!!
  • #312,229
  • May 9, 2012 4:18am May 9, 2012 4:18am
Quoting KlSaso
I think long, futures UP

Quoting Amir_Forex




Have U Fastened Your Belts...!?

Have a nice flight








Where are these people now?


Like I said earlier - if you are going to make calls on the market could you please back them up with a chart and some other explanation other then saying UP UP UP - fasten your seat belts. This is not very good advice for new traders.

Hope everyone is on the side of the trade that they want to be.

Faller.
I don't trust any move - when you have profit...take it.
  • #312,230
  • May 9, 2012 4:23am May 9, 2012 4:23am
Well fellow traders -

It was another early morning wake up for me.....2AM EST - took profit from my trade and going to bed now for a while - may come back later to see if we have moved much from this price -

Good luck with the chop - maybe one day price will break out???

Post results -

Cheers,

Faller.
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I don't trust any move - when you have profit...take it.
  • #312,231
  • May 9, 2012 4:24am May 9, 2012 4:24am
It's been good advice all morning from Faller and a good eg.

95% of all forum posts are nonsense - it's hard to spot the nuggets - but there are some occassionally !? Do your own analysis and make your own decisions. Use the forum/thread to pass the time inbteween set-ups Lol !

G/L
ex member
  • #312,232
  • May 9, 2012 4:25am May 9, 2012 4:25am
Quoting Faller
Well fellow traders -

It was another early morning wake up for me.....2AM EST - took profit from my trade and going to bed now for a while - may come back later to see if we have moved much from this price -

Good luck with the chop - maybe one day price will break out???

Post results -

Cheers,

Faller.

fyi - profit taken because we have to be aware of the 30 yr bond auction the the UK is having today - there is no scheduled release for the data and therefore at any moment in time price can go crazy due to the results.....when news is tentative - we have to be on guard.

Cheers,

Faller
I don't trust any move - when you have profit...take it.
  • #312,233
  • May 9, 2012 4:29am May 9, 2012 4:29am
1,61140 breached.....
swing it!
  • #312,234
  • May 9, 2012 4:38am May 9, 2012 4:38am
I would prefer her to test 1.61 then retrace back to retest the TL, fail to break/close above it then i will sell order.

Comment?

http://img845.imageshack.us/img845/1057/cable4.jpg
May the pips be with me !!!
  • #312,235
  • May 9, 2012 4:40am May 9, 2012 4:40am
Quoting Faller
fyi - profit taken because we have to be aware of the 30 yr bond auction the the UK is having today - there is no scheduled release for the data and therefore at any moment in time price can go crazy due to the results.....when news is tentative - we have to be on guard.

Cheers,

Faller

and there you have it - news came out at 5:38AM for auction results - no warning......just price movement.

Trade well...

Faller
I don't trust any move - when you have profit...take it.
  • #312,236
  • May 9, 2012 4:45am May 9, 2012 4:45am
3 fib cluster at the current daily lo - 38.2% 5769-6300, 50% 5893-6300, 76.4% 6036-6300. Price at the Lo is in top 1/2 of previous dly sw lo zone runs down to 6080 with Weekly S1 @/around 6090 and Daily S2 @/around 6084

G/L
ex member
  • #312,237
  • May 9, 2012 4:46am May 9, 2012 4:46am
Quoting Faller
fyi - profit taken because we have to be aware of the 30 yr bond auction the the UK is having today - there is no scheduled release for the data and therefore at any moment in time price can go crazy due to the results.....when news is tentative - we have to be on guard.

Cheers,

Faller
good call
May the pips be with me !!!
  • #312,238
  • May 9, 2012 4:46am May 9, 2012 4:46am
These are indeed very dangerous times. Pls traders be careful
The only way not to think about money is to have a great deal of it
  • #312,239
  • May 9, 2012 4:49am May 9, 2012 4:49am
Well done to you long term stratagy I knew I was getting somewhere


Quoting uksnowman
Waiting for her at 1.606 to see reaction for buy
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #312,240
  • May 9, 2012 4:54am May 9, 2012 4:54am
D1 talking to you yet !!


Quoting Bones
Highly prob nav what more do you requre as day trader ? I recognise price movement I think on lower t/fs

Trades not the best right now lol
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On-site guru & also FF member's' psychiatrist, when not drinking tea
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