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Cable Update (GBPUSD)

  • #313,041
  • May 14, 2012 2:06pm May 14, 2012 2:06pm
What do you think about the GBP/CHF? I am currently short I think that has alot of potential for a down move.
  • #313,042
  • May 14, 2012 2:06pm May 14, 2012 2:06pm
[quote=GlennFX1;5666107]
Quoting bguguen

OK, Tnx for the reply on swap free brokers, will look a bit harder..... any suggestions??
Im using Tadawulfx... 2 pip spread on EURUSD and 3 pip spread on GBPUSD...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,043
  • May 14, 2012 2:07pm May 14, 2012 2:07pm
Quoting 45Condor
...and struggle you will even with a strategy that you have proved to yourself works. Currently, you have entered the week after some major fundamentals have altered market positioning. In addition to this, the fallout from the repercussions in capital readjustments has yet to be fully manifested.

If with no proven track-record from previous trading - demo or otherwise - it would be wise to reduce exposure to a minimum... wide stops and minimum lots. Should you feel the urge to have a trade running - a killer of many that acquire this habit - Cable...
very very good advice.. most important part is : wait for the market to show its hand - there is always a retrace - and then get in.
  • #313,044
  • May 14, 2012 2:09pm May 14, 2012 2:09pm
Okay London Closed... anyone ready to see GBPUSD make its final effort towards 1.60?? from 1.60 i wil watch closely how it reacts as 1.60 maybe a first sign to long....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,045
  • May 14, 2012 2:17pm May 14, 2012 2:17pm
Quoting A-speculator
very very good advice.. most important part is : wait for the market to show its hand - there is always a retrace - and then get in.
Well Specs, with Fridays close, I didn't expect that TL to hold, you got that one up on me mate. I have never seen such regular falling knife catching on cable before, it's insane.
Come with me if you want to live....
  • #313,046
  • May 14, 2012 2:27pm May 14, 2012 2:27pm
Good day to you,

Slight drop off the recent high - expected. Will now watch 1.6050 region to see... would like to see a higher low form in the next few sessions for prelim evidence of a possible bullish cycle... also will be watching 1.60900 ( thurday's low)

To the downside, 1.60212 ( last month's open will) be the level to watch.

If we took Friday past price action and calculate the angle and the time spent in that last drop lower - we should have closed today at 1.5996..

Price turned - at least for the day...

Regards
  • #313,047
  • May 14, 2012 2:33pm May 14, 2012 2:33pm
Quoting TauTrader
Good day to you,

Slight drop off the recent high - expected. Will now watch 1.6050 region to see... would like to see a higher low form in the next few sessions for prelim evidence of a possible bullish cycle... also will be watching 1.60900 ( thurday's low)

To the downside, 1.60212 ( last month's open will) be the level to watch.

If we took Friday past price action and calculate the angle and the time spent in that last drop lower - we should have closed today at 1.5996..

Price turned - at least for the day...

Regards
Nice work Tau, I was expecting follow thru also but this turn at this point in the descending 4hr channel changes things for me also
Come with me if you want to live....
  • #313,048
  • May 14, 2012 2:34pm May 14, 2012 2:34pm
Quoting Ill-b-back
Well Specs, with Fridays close, I didn't expect that TL to hold, you got that one up on me mate. I have never seen such regular falling knife catching on cable before, it's insane.
this is forex mate, anything can happen..
  • #313,049
  • May 14, 2012 2:39pm May 14, 2012 2:39pm
Quoting Bones
Yo my best forex friend !! Im thinking long 1.6 ,short 1.6300 x
yes bro..i have to agree
  • #313,050
  • May 14, 2012 2:39pm May 14, 2012 2:39pm
another thing to consider is that the move to the downside is sooo bloody slow, if it is a new trend, the price should fall like there will be no tomorrow. other than that, as i mentioned before, the calculation for squaring is at about 50% meaning that

the move from 5800-6300 takes 2 weeks accumulated for 500 pips

the move from 6300 - 6060 takes 2 week accumulated for 240 pips

which is more or less 50% of move in the same time period, perhaps the move to the downside is almost over.. imho.
  • #313,051
  • May 14, 2012 3:30pm May 14, 2012 3:30pm
Quoting belekas
Riding the bear since last week with +100 pips atm and already scaled out a few times. Holding the rest on b/e+1. Already got a small long open today in case we get support bounce. Will load more shorts IF we break lower.)

katching katching
Sl to b/e and off to bed. Good night ya'll ;-)
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  • #313,052
  • May 14, 2012 3:35pm May 14, 2012 3:35pm
Dont sleep take it !!


Quoting belekas
Sl to b/e and off to bed. Good night ya'll ;-)
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,053
  • May 14, 2012 3:37pm May 14, 2012 3:37pm
Nav



Quoting nAVIN2007
yes bro..i have to agree
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,054
  • May 14, 2012 3:39pm May 14, 2012 3:39pm
1.6 buyers for def ,yes ,when there Eur may finish for bit im thinking
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,055
  • May 14, 2012 3:40pm May 14, 2012 3:40pm
Quoting Bones
Dont sleep take it !!
Take what?
  • #313,056
  • May 14, 2012 3:43pm May 14, 2012 3:43pm
under 1.6000 and major rising tl
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,057
  • May 14, 2012 3:44pm May 14, 2012 3:44pm
Take the buy not up def not

Quoting belekas
Take what?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,058
  • May 14, 2012 3:46pm May 14, 2012 3:46pm
Quoting Bones
Take the buy not up def not
Let the market decide =)
  • #313,059
  • May 14, 2012 3:49pm May 14, 2012 3:49pm
ok catch you in a bit

Quoting belekas
Let the market decide =)
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,060
  • May 14, 2012 3:50pm May 14, 2012 3:50pm
down

Quoting Bones
im short ,watch daily
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On-site guru & also FF member's' psychiatrist, when not drinking tea
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