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Cable Update (GBPUSD)

  • #314,021
  • May 21, 2012 2:04am May 21, 2012 2:04am
Quoting oathbreaker
But it is part of my strategy...i don't worry about 70 pip loss...i trade my rules...
Last week i made +2500pips,compare to that 70 pips not so big amount i guess...
Anyway we will look when Uk and Us sessions opens....
2500 pips. now that's what is called profit.
  • #314,022
  • May 21, 2012 2:06am May 21, 2012 2:06am
Quoting Nachiket
don't understand why some people trade against the trend.
bring on 1.57.
  • #314,023
  • May 21, 2012 2:07am May 21, 2012 2:07am
Quoting A-speculator
if cable wants to get higher, the price has to trade above the daily hammer high sustainably.. seems like cable failed miserably to trade above the hammer high.. and the momentum is not there..

maybe bulls giving up already..
oh and i am bearish on fiber. hopefully i didn't get caught in the trap. another thing is, down is the main trend on both pairs, i don't see the danger of shorting the pair (supported by TA stuff, of course)..
  • #314,024
  • May 21, 2012 2:13am May 21, 2012 2:13am
for fiber, i'm already short but currently looking for a closed below 2760 to further confirmed the bearish view.
  • #314,025
  • May 21, 2012 2:14am May 21, 2012 2:14am
looks like a bearish london open, ok guys if everything goes smooth see you at 1.56
  • #314,026
  • May 21, 2012 2:24am May 21, 2012 2:24am
Morning all

bulls defending 5792 area, break of this level could see quick 20-30 pip drop
  • #314,027
  • May 21, 2012 2:28am May 21, 2012 2:28am
as I see we are now in rectangle from 1.5834 to 1.5797 ... am waiting to break it to choose my way
  • #314,028
  • May 21, 2012 2:44am May 21, 2012 2:44am
Quoting Ranke Ali
as I see we are now in rectangle from 1.5834 to 1.5797 ... am waiting to break it to choose my way
I agree, but unfortunately got carried away at the Asian open so I'm already in for a short..... time will tell.
  • #314,029
  • May 21, 2012 2:47am May 21, 2012 2:47am
Quoting A-speculator
for fiber, i'm already short but currently looking for a closed below 2760 to further confirmed the bearish view.
Where do you short? I think fiber is going up from now
  • #314,030
  • May 21, 2012 2:48am May 21, 2012 2:48am
Quoting Nisda_
Where do you short? I think fiber is going up from now
2785
  • #314,031
  • May 21, 2012 2:53am May 21, 2012 2:53am
but if u look now u will c that bullish got ready to wake up
  • #314,032
  • May 21, 2012 2:58am May 21, 2012 2:58am
Quoting Ranke Ali
but if u look now u will c that bullish got ready to wake up
not if the price still trading below the daily hammer high.. no bullish unless that price is broken.
  • #314,033
  • May 21, 2012 3:00am May 21, 2012 3:00am
Quoting A-speculator
2785
what do u c nw about cable?
  • #314,034
  • May 21, 2012 3:02am May 21, 2012 3:02am
Quoting A-speculator
not if the price still trading below the daily hammer high.. no bullish unless that price is broken.
This level has been tested so many times already. If it is going to break you would think it would do so soon? I'm still long from 58000, ones of the reason I sometimes choose against BE stops
  • #314,035
  • May 21, 2012 3:04am May 21, 2012 3:04am
Quoting A-speculator
not if the price still trading below the daily hammer high.. no bullish unless that price is broken.
yup I know and so that I didn't move till now
  • #314,036
  • Edited 3:15am May 21, 2012 3:04am | Edited 3:15am
Quoting Ranke Ali
but if u look now u will c that bullish got ready to wake up
Got in at 58 and will out at 5840

Moving tp to 1.50
  • #314,037
  • May 21, 2012 3:10am May 21, 2012 3:10am
G/M,

Some upside follow thru so far today on Friday's Daily t/f PB candle. the recovery has found supplyt at/around 50% 5932-7731 / 23.6% 6197-5731(Friday's Low) and this in a previous 1hr swing hi zone.

More upside off Friday's PB or will the bears come in again ?

G/L
ex member
  • #314,038
  • May 21, 2012 3:17am May 21, 2012 3:17am
Quoting Ranke Ali
yup I know and so that I didn't move till now
i think that is a high probability trade based on me.. i got in at 5830 (PO triggered with SL at 5845).

this is not trade call, it is my personal view of the market and my positioning.
  • #314,039
  • May 21, 2012 3:21am May 21, 2012 3:21am
up and down up and down.. break or not?
  • #314,040
  • May 21, 2012 3:30am May 21, 2012 3:30am
i think it will go down again
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