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Cable Update (GBPUSD)

  • #312,681
  • May 11, 2012 2:53am May 11, 2012 2:53am
Quoting Ill-b-back
The truth is, I have too many hats, I would have gladly given you one bro, but as it is, maybe I will have to throw some of the crappy ones out for spring cleaning


you always make me smile, kills the tension when i'm against the market as of right now with my aussie position..
  • #312,682
  • May 11, 2012 3:06am May 11, 2012 3:06am
G/M,

4hr ascending trend line, Daily S1 and top of previous minor 4hr/1hr swing lo zone at the current Daily lo.
-----------------------------
Intraday bearish so far after yesterday's bullish-neutral candle.
-----------------------------
Uk data @ 0930am bst.
------------------------
4 fib cluster at yesterday's hi - 2 shown on 4hr below and 76.4% 6214-6068 and 85.4% 6198-6068

G/L
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ex member
  • #312,683
  • May 11, 2012 3:16am May 11, 2012 3:16am
Quoting A-speculator


you always make me smile, kills the tension when i'm against the market as of right now with my aussie position..
So your long? Damn, she's tanking on the rate cut I suppose even though they said future ones less likely now on revised conditions. She's falling hard which is a little surprising to me atm. Maybe they are like me and don't believe the bullshit fudged figures budget, it is a complete scam. Bring back John Howard I say
Come with me if you want to live....
  • #312,684
  • May 11, 2012 3:19am May 11, 2012 3:19am
Quoting Ill-b-back
So your long? Damn, she's tanking on the rate cut I suppose even though they said future ones less likely now on revised conditions. She's falling hard which is a little surprising to me atm. Maybe they are like me and don't believe the bullshit fudged figures budget, it is a complete scam. Bring back John Howard I say
this is why i long.. see the 261 fibo mate.. i assume completion of the rundown at about the support.

and i didn't take into account the lowest point into my calculation and have a drawdown of 10 pips or so..
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  • #312,685
  • May 11, 2012 3:25am May 11, 2012 3:25am
Quoting A-speculator
this is why i long.. see the 261 fibo mate.. i assume completion of the rundown at about the support.

and i didn't take into account the lowest point into my calculation and have a drawdown of 10 pips or so..
Ahh crikey bro, that looks like a great place to go long, got some nice divergence going your way, 10 pips!, what's that man, your sweet...
Come with me if you want to live....
  • #312,686
  • May 11, 2012 3:31am May 11, 2012 3:31am
-1,5%... should fall to 1.6060
"Study the past if you would define the future." Confucius
  • #312,687
  • May 11, 2012 3:31am May 11, 2012 3:31am
Quoting Ill-b-back
Ahh crikey bro, that looks like a great place to go long, got some nice divergence going your way, 10 pips!, what's that man, your sweet...
no it's not mate.. 10 pips of error is actually huge.. it's a mistake on my side, a careless mistake..

thing is, with that 10 pips of error, it will delay me to secure my position.. and it shows that i'm unable to predict the move accurately, i have to go back to my drawing board, better to lose the train rather that in red for a long time..
  • #312,688
  • May 11, 2012 3:36am May 11, 2012 3:36am
seems like i'm 30 mins away to get a new hat...
  • #312,689
  • May 11, 2012 3:45am May 11, 2012 3:45am
Quoting A-speculator
silap2 cable weekly close spinning.. dia main area2 nie je.. adoiii bosan.. ahahaha..

my broker doesn't print any 1h candle closed above the 0040.. mungkin pasal ko 4 digit kot.. sbb tu ko ada..
he he could be bro..boleh jadi juga...

Yea mine 4 digit.. :nerd:
I trade to live
  • #312,690
  • May 11, 2012 3:48am May 11, 2012 3:48am
Quoting A-speculator
seems like i'm 30 mins away to get a new hat...
Ha ha ha
I trade to live
  • #312,691
  • May 11, 2012 4:00am May 11, 2012 4:00am
Looks like there are plenty of buyers below last weeks low;1.6104. Still need to see a close below 1.6090 for bears to take control...
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  • #312,692
  • May 11, 2012 4:15am May 11, 2012 4:15am
Quoting A-speculator
seems like i'm 30 mins away to get a new hat...
I'm drinking now so I will leave. Watching 4hr close in 50 mins, SL at BE.
Good luck on the Aussie Specs , have a great weekend. really weird place on cable now, consolidating and hard to trade.
Come with me if you want to live....
  • #312,693
  • May 11, 2012 4:16am May 11, 2012 4:16am
Quoting Ill-b-back
I'm drinking now so I will leave. Watching 4hr close in 50 mins, SL at BE.
Good luck on the Aussie Specs , have a great weekend. really weird place on cable now, consolidating and hard to trade.
And I need a holiday, what's your address bro??
Come with me if you want to live....
  • #312,694
  • May 11, 2012 4:36am May 11, 2012 4:36am
38,2% 6181-6096 and prev minor 1hr sw lo zone at the current pullback hi
----------------------
current pip range today 55pips = 64% of 20 day atr. So far this week on last trading day only 53% of 20 week atr covererd.
-----------------------------
t/f's to 15min mixed, 30min-1hr generally bearish, intraday still bearish so far.

G/L
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ex member
  • #312,695
  • May 11, 2012 4:47am May 11, 2012 4:47am
bguguen this is just a general question:-

how reliable is yur system in terms of % success and drawdown

cause i aint being funny but id expect it to be good in a choppy market which is completely range bound, in a rally yur finished..

every system i think performs well in a range bound markets..i guess what i am saying is yur system is junk because it puts u in a position where if the market rally yur done..cooked!!

I hope u evaluate yur system b4 its to late
  • #312,696
  • May 11, 2012 5:05am May 11, 2012 5:05am
Quoting Faller
watch your charts......keep on eye open...
Quoting Faller
Here is a hint for you it starts with a US and ends in a DX

if it is where it is......then where should Cable be?
Quoting Faller
Something is cooking.....market futures are tanking huge right now.......they can move first sometimes........just a heads up.

Faller.

Enjoy the trading day everyone - going to be around for a bit but then have to take the Volvo in for some service and since it is Fry-day - I try to sit back and watch as there is no need to give back weekly profits.

Good trading to everyone - hope some of you read my post from late yesterday afternoon and found some profit.

Cheers,

Faller.
I don't trust any move - when you have profit...take it.
  • #312,697
  • May 11, 2012 5:16am May 11, 2012 5:16am
Quoting Ill-b-back
I'm drinking now so I will leave. Watching 4hr close in 50 mins, SL at BE.
Good luck on the Aussie Specs , have a great weekend. really weird place on cable now, consolidating and hard to trade.
thanks mate. weekly might closed as spinning.. so no point in trading cable for the time being imho..
  • #312,698
  • May 11, 2012 5:17am May 11, 2012 5:17am
Quoting Ill-b-back
And I need a holiday, what's your address bro??
  • #312,699
  • May 11, 2012 5:25am May 11, 2012 5:25am
Downside looking vulnerable ?
----------------------------
Intraday remains bearish
----------------------------
Price testing Daily S1 etc / ascending trend lines

G/L
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ex member
  • #312,700
  • May 11, 2012 5:37am May 11, 2012 5:37am
Looking 150pips or so to the downside of current price:

6096 Daily S1 @/around
6095 area ascending 4hr trend line coming thru on current 4hr candle
6095-90 4hr/1hr sw lo zone incl 6095= 76.4% 6068-6181 6090 =Weekly S1 @/around
[ 6085-79 prev 1hr sw lo zone incl 6085=85.4% 6068-6181
[ 6083-76-68 prev minor Daily/4hr/1hr sw lo zone
[ 6071-57 prev minor 4hr sw hi zone
[ 6058-48= 3 fib cluster
[ 6055-24 prev minor weekly/Daily sw hi zone (non immed) incl 6046 = Daily S2 @/around, 6045-36 = prev 4hr sw lo zone, and 6035 = Weekly S2 & 50% 5769-6300, and 6034 38.2% 5601-6300

6019-07 prev 4hr sw lo zone
6006 Daily S3 @/around
6002 61.8% 5817-6300

[ 5995 61.8% 5805-6300
[ 5995-90 ascending Daily and 4hr t/lines on present 4hr candle

[5982-66 prev minor Daily/4hr sw hi zone (non-immed) incl 5971=61.8% 5769-6300
[ 5970-62-57 prev 4hr sw lo zone

5952 50% 5601-6300

G/L
ex member
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