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Cable Update (GBPUSD)

  • #312,301
  • May 9, 2012 9:21am May 9, 2012 9:21am
Quote
Good day to you,

Do not put any value to this post....

Advertised price on weekly timeframe is 1.6086. Will we see this? That's the Q. I say YES.

We will see.

Regards
http://www.forexfactory.com/attachme...1&d=1335798077



Good day to you,

Entered long scalp @ 1.6083

Setup seems ok for this - will see

Regards
  • #312,302
  • May 9, 2012 9:29am May 9, 2012 9:29am
are there any option stories @ 1.61 relevant today?
Don't be a hero. Don't have an ego. Always question yourself
  • #312,303
  • May 9, 2012 10:05am May 9, 2012 10:05am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
20 pips better then me TT....I had order @ 61 filled and going nowhere

Piece of sh*t if didn't go anywhere by tomorrow , I'll kill it. BOE might decide to do QE and cable can crap to 160ishh..I would luv to buy there..

Quoting TauTrader


Good day to you,

Entered long scalp @ 1.6083

Setup seems ok for this - will see

Regards
  • #312,304
  • May 9, 2012 10:10am May 9, 2012 10:10am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
there is always something but bettre one's are in 3rd week...
Considering it's MAY i expect down moves..

Quoting USD-Bear
are there any option stories @ 1.61 relevant today?
  • #312,305
  • May 9, 2012 10:10am May 9, 2012 10:10am
Quoting ams
20 pips better then me TT....I had order @ 61 filled and going nowhere
Good day to you,

I was tempted this morning to long, but the chart was not ligned up. I left the city on a trip inland and only arrived back this afternoon - saw the drop and then things fell in place...

Still early days on this scalp. However - but I do think it will work out. I'm however looking to lock it now at BE. Just in case.

All the best with your trade.

Regards
  • #312,306
  • May 9, 2012 10:14am May 9, 2012 10:14am
Nice entry TT,
I should have realised my profit and go long as it was my "perfect entry" situation. Closed it for - 88 points dollar seems to be weakening atm
Gold in a rally.
swing it!
  • #312,307
  • May 9, 2012 10:17am May 9, 2012 10:17am
Quoting ams
there is always something but bettre one's are in 3rd week...
Considering it's MAY i expect down moves..
really strange moves in relation to USD-Index there, ah well, holding shorts and keeping them
Don't be a hero. Don't have an ego. Always question yourself
  • #312,308
  • Edited 10:31am May 9, 2012 10:20am | Edited 10:31am
With long close short will test below 6124 ( limit for bear ) , sl above it to see how strong bear is next or not at all perhaps as price bouncing from channel bottom also .breach limit then will think long again after the correction down .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.gif Size: 14 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #312,309
  • May 9, 2012 10:23am May 9, 2012 10:23am
Quoting tomspin
Nice entry TT,
I should have realised my profit and go long as it was my "perfect entry" situation. Closed it for - 88 points dollar seems to be weakening atm
Gold in a rally.
Thanks

Patience is such an important thing - i'm realizing more and more.

EU now starting to line up for a long scalp as well. This will be the fist long indication since that little rise on Monday.

Trade entered on 5min chart - so only looking for a few pips.

All success to you.

Regards
  • #312,310
  • May 9, 2012 10:50am May 9, 2012 10:50am
my bot account making its revenge recovery now...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #312,311
  • May 9, 2012 10:54am May 9, 2012 10:54am
Well looks like the retailers uncanny ability to enter the market in completely the wrong direction continues. They short below 1.61 so market reverses. Counter trading them is like money in the bank.
  • #312,312
  • May 9, 2012 11:01am May 9, 2012 11:01am
looks like there was a false breakout on GU..

1.61 area holding as support now
The market will deceive you. Make your own judgement.
  • #312,313
  • May 9, 2012 11:11am May 9, 2012 11:11am
or even 1.5970 first - before going for long term target at 1.6425 - may dip again before this move (week 1.6180)
  • #312,314
  • May 9, 2012 11:19am May 9, 2012 11:19am
Quoting Vikingbarde
or even 1.5970 first - before going for long term target at 1.6425 - may dip again before this move (week 1.6180)
Good day to you,

Quite possible to dip..

But EU seems to be setting up for a longer term long from the current levels. So I do not think GU will dip too much. However not confirmed as yet.

Regards
  • #312,315
  • May 9, 2012 11:28am May 9, 2012 11:28am
Quoting TauTrader
Good day to you,

Quite possible to dip..

But EU seems to be setting up for a longer term long from the current levels. So I do not think GU will dip too much.

Regards
good day sir,

i don't think fiber is setting any longer term long from the 4h/daily basis, movement like this in cable is quite common. cable is well known for whipsaws but that doesn't change that cable is in downtrend based on higher TF..

anyway, i just put a test short on cable at 6130..
  • #312,316
  • May 9, 2012 11:29am May 9, 2012 11:29am
Quoting TauTrader
Good day to you,

Quite possible to dip..

But EU seems to be setting up for a longer term long from the current levels. So I do not think GU will dip too much.

Regards
Closed short at 6075. Tech analysis maybe right, fake out north in progress will reverse to hunt for stops with a 6000 - 6050 floor before resuming march upwards for long term trend
  • #312,317
  • May 9, 2012 11:37am May 9, 2012 11:37am
Quoting A-speculator
good day sir,

i don't think fiber is setting any longer term long from the 4h/daily basis, movement like this in cable is quite common. cable is well known for whipsaws but that doesn't change that cable is in downtrend based on higher TF..

anyway, i just put a test short on cable at 6130..
No doubt, looking at the chart - that the trend is down. I need to make it clear that I trade 5min to 30 min charts. For me, "longer term long" does not carry the same meaning as you would perceive it.

In any case - not confirmed yet. Will only act on confirmation.

I should be clearer. Thank you for that.

All success to you

Regards
  • #312,318
  • May 9, 2012 11:38am May 9, 2012 11:38am
Quoting Bones
Thats becuase you fail to look
,if you looked you would not wait for the unachievable ,just helping you out
good day sir,

seems like fiber really went south and we got a closed below 1.2990 level. got myself in at 1.2990 but closed the position already for 50 pips since my position is based on candle revesal and not series of candles reversal..

hopefully, the price can retrace back up in the form of series of candles..

anyway, nice analysis mate and i wish u green pips always..
  • #312,319
  • May 9, 2012 11:39am May 9, 2012 11:39am
Wish to see the bottom of the channel at 1.5985-1.6000 tested before going north again.

Also, there is a longer term downward trendline on top, that could put pressure on cable bulls.
Attached Image(s) (click to enlarge)
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  • #312,320
  • May 9, 2012 11:40am May 9, 2012 11:40am
Quoting TauTrader
No doubt, looking at the chart - that the trend is down. I need to make it clear that I trade 5min to 30 min charts. For me, "longer term long" does not carry the same meaning as you would perceive it.

In any case - not confirmed yet. Will only act on confirmation.

I should be clearer. Thank you for that.

All success to you

Regards
longer term = 4hr + here. TY
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