looking at yur chart ..u never would..its bearish view
now look at different time frames to get a more accurate picture
now look at different time frames to get a more accurate picture
Cable Update (GBPUSD)
- #312,481
- May 10, 2012 7:35am May 10, 2012 7:35am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #312,482
- May 10, 2012 7:40am May 10, 2012 7:40am
yesterday price shot up and today there was a gap which the market filled..stops are placed on the short side above 1.63
and people want to see 1.63 to place a short..so u think market will leave 1.63??
lets see
. I will definitely exit my LONG position on 1.63ish (providing this pair ever reach there). Playing safe compensating more profit is my current style now .
- #312,483
- May 10, 2012 7:43am May 10, 2012 7:43am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
I would hope that this guy touch 1.63 again, since this is bullish flag on daily chart, I wouldn't surprise if we break 1.63 targeting 1.64-1.65. This is just me interpreting bullish flag pattern though
1.65 is on but there i will be looking for sell positions i think
will be surprised to not see 1.63
- #312,484
- May 10, 2012 7:45am May 10, 2012 7:45am
looking at yur chart ..u never would..its bearish view
now look at different time frames to get a more accurate picture
i'l just stick with my chosen time frame which is 4h plus day close of cos
, it's back into the region if not negative. true, it's bullish intra day but i'd still like to see where the day close is, only firm close above 6200 will change my plan to neutral.
- #312,485
- May 10, 2012 7:46am May 10, 2012 7:46am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
i'l just stick with my chosen time frame which is 4h plus day close of cos
- #312,486
- May 10, 2012 7:52am May 10, 2012 7:52am
- | Joined Dec 2010 | Status: AngryBird hate Pig but love Trading | 1,024 Posts
Totally agree.....
And I was not trying to come down on anyone - was really just trying to get a grasp as to where they were coming from - I do respect Arnold and his own personal insights into the market.......Arnold - Ill-be-back....get it????
Faller
Ahhhh...Arnold=IBB???or me?
I trade to live
- #312,488
- May 10, 2012 8:00am May 10, 2012 8:00am
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
or me?
Goodnight bro, Aaaargh, I'll be back...
Come with me if you want to live....
- #312,490
- May 10, 2012 8:05am May 10, 2012 8:05am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #312,491
- May 10, 2012 8:07am May 10, 2012 8:07am
Mix good and poor data from US, it was released Unemployment claim declined just 1000 compare with the previous week data, in the other hand, poor data for trade balance and import prices, i believe trade balance will give bigger impact we will see how cable react with this thing...
- #312,494
- May 10, 2012 8:18am May 10, 2012 8:18am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
End month???That's too long dude......
i knew u was going to comment
- #312,495
- May 10, 2012 8:20am May 10, 2012 8:20am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Yeah sorry, anything more than a 1000 pip stop is just fcuking rediculous
did u get out of the hedge bro?
- #312,497
- May 10, 2012 8:33am May 10, 2012 8:33am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Ahaaa.....so you know me well....
- #312,498
- May 10, 2012 8:36am May 10, 2012 8:36am
- Joined Jan 2011 | Status: Winning is my hobby! | 2,120 Posts
this range is pain for every1..
- #312,499
- May 10, 2012 8:41am May 10, 2012 8:41am
everything happens for a reason..nothing is trapped imho..its consolidation..i love seeing folks in here bat between both sides, having no conviction for either because there always in the middle..
gotta love the weak..its what make us money!!
i know im being crude buts its the truth, market needs folks to not have a clue
- #312,500
- May 10, 2012 8:47am May 10, 2012 8:47am
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
