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Cable Update (GBPUSD)

  • #313,481
  • May 17, 2012 3:04am May 17, 2012 3:04am
Aright thats it !! ,give me your palm !!

Quoting bbmac
That is not what I said - you must do what you think, it's your account. re 6020 - anything is possible - none of us know - we are traders not fortune tellers.

G/L
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,482
  • May 17, 2012 3:06am May 17, 2012 3:06am
Quoting Bones
But Seb I think we have good chance
Yes, and no wicks please.
  • #313,483
  • May 17, 2012 3:07am May 17, 2012 3:07am
Break ,break
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,484
  • May 17, 2012 3:08am May 17, 2012 3:08am
Quoting Mr.4season
thank you for u all opinion guys, just in case my Margin level just left 369% buy g/u at 6020. can my account survive if i decide for hold on until g/u turn up at less until 6000 ( maybe i'll cut at 6000 ) and switch for long sell in there later. wat do you think ?
"im going to jump out of a window? do u think its a good idea?"
you are asking people here to reaffirm your opinion or idea...
i suggest u make a trading plan, test it on demo, cos it looks like ur trading isnt based on anything at this point...
if i sound harsh its cos we've all made these mistakes before
id read up on babypips, read up on supply/demand, find out about pivot points, fib levels...
but u need a plan...y r u entering at that point? where is your exit point if it goes downhill, and where u gonna take profit?

btw, im not really gonna jump out of a window...my workplace feels having a window gives us employees a means to escape and offers us hope
  • #313,485
  • May 17, 2012 3:34am May 17, 2012 3:34am
Quoting Flynchenberg
Yes, and no wicks please.

She is waiting your magic phrase sell the pound , say it.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #313,486
  • May 17, 2012 3:39am May 17, 2012 3:39am
4h seems like we have little wedge/triangle breakout to the downside..

well, hello 5800..
  • #313,487
  • May 17, 2012 3:42am May 17, 2012 3:42am
Quoting Mr.4season
geez, i had buy 6020, wat should i do ? just hold on or hedge ? any idea guys
hold it,gu will definitely rose to 1.5980-1.6000
Sometimes it's better to be wrong,to learn..
  • #313,488
  • May 17, 2012 3:43am May 17, 2012 3:43am
5886-6908 the current lower t/f range - clearly some demand at the low-descending trend line on 1hr cappping the upside for now.

G/L
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ex member
  • #313,489
  • May 17, 2012 3:47am May 17, 2012 3:47am
Quoting Zircon
She is waiting your magic phrase sell the pound , say it.
LoL.

She is bouncing between two fib levels right now.


Seb
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  • #313,490
  • May 17, 2012 3:50am May 17, 2012 3:50am
Just to cheer every one...
here are my 3 postion short results.

1st postion opened 0n monday +180(pips) and b/e
2nd postion opened on wednesday +100(pips) and b/e
3rd postion opened today +20(pips) and s/l 60 pips

still bearish.

happy pippin...everyone...
I am a hunter...i kill both bulls and bears...
  • #313,491
  • May 17, 2012 3:56am May 17, 2012 3:56am
Zoom in support already breached


Quoting Bones
Break ,break
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,492
  • May 17, 2012 4:14am May 17, 2012 4:14am
Quoting KiNgEdwarD
hold it,gu will definitely rose to 1.5980-1.6000
LOL..
  • #313,493
  • May 17, 2012 4:15am May 17, 2012 4:15am
as pic

G/L
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ex member
  • #313,494
  • May 17, 2012 4:16am May 17, 2012 4:16am
now testing higher ,gold I feel
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,495
  • May 17, 2012 4:23am May 17, 2012 4:23am



Quoting bbmac
as pic

G/L
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,496
  • May 17, 2012 4:25am May 17, 2012 4:25am
Break ?
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,497
  • May 17, 2012 4:30am May 17, 2012 4:30am
trade ,monitor next hour



Quoting Bones
now testing higher ,gold I feel
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,498
  • May 17, 2012 4:39am May 17, 2012 4:39am
break to downside imo...
but then we got us data later ^
  • #313,499
  • Edited 4:53am May 17, 2012 4:40am | Edited 4:53am
to the immediate downside:

5881 Weekly S3 @/around
5877 85.4% 5805-6300
5874-60 prev 4hr sw lo zone incl 5869 = 61.8% 5601-6300, and 5865 = Daily S1 @/around
5847 85.4% 5769-6300
5824-16-03-5799 prev Daily/4hr swing lo zone (prev Weekly sw lo zone to 5803) incl 5821 = Daily S2 @/around
5796-88-69 prev Daily/4hr sw lo zone incl 5769 = 76.4% 5601-6300 & 50% 5234-6300
5755 Daily S3 @/around
5741-34-22 prev 4hr sw hi x 3 zone (non-immed)
5706-5697 (-93) prev minor 4hr sw lo zone incl 5705 = 85.4% 5769-6300, and 5696=Weekly S4 @/around
5630-18 prev 4hr sw lo zone incl 5616 = Monthly S2 @/around
5615-01 prev Daily/4hr sw lo zone

Price at 67% 20 day atr so far today, 106% 20 week atr so far this week - remember these atr's have become very low - historically - for this pairing of late.

G/L
ex member
  • #313,500
  • May 17, 2012 4:42am May 17, 2012 4:42am
Quoting Bones
Break ?
Beautiful break it is. I see the black candle closed on the asc t/l (support) and second white candle opened closely on the asc t/l (became resistance then). My bearish sentiment on Pound still one sided.

By the way, you are really a great and kind trader bones.
I trade to live
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