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Cable Update (GBPUSD)

  • #314,061
  • May 21, 2012 4:13am May 21, 2012 4:13am
Quoting A-speculator
no problem mate.. always remember that forex is not about making money, it's all about how not to lose money..

by remembering that, perhaps next time you might carefully place your entry,TP and SL at a better price..

all the best mate.
Aku suke ni beb
I trade to live
  • #314,062
  • May 21, 2012 4:15am May 21, 2012 4:15am
Quoting chazzle
shorting the pullback
took a scalp , she's fighting back , whatever
  • #314,063
  • May 21, 2012 4:18am May 21, 2012 4:18am
Quoting ams

Cable has been really strong and it has been tanking for absolutely no reason
I thought it was all rate spec. ? rumour=hike , then dovish boe ? might be wrong
  • #314,064
  • May 21, 2012 4:31am May 21, 2012 4:31am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Nah, purely fear from euro members (high net worth individuals, businesses and banks) have been keeping it high. It's damaging UK economy badly and europe is the largest customer for UK and most want the pound to go down but european banks are the largest buyer of cable....specially deutsche bank.

Well I see a massive pullback in euro soon. Before tanking it has to close it's weekend gaps 29ishh and 31ishh
All this EG buying is not for nothing it will result in euro pullback and get weak shorts cleared and longs on-board..

Quoting chazzle
I thought it was all rate spec. ? rumour=hike , then dovish boe ? might be wrong
  • #314,065
  • Edited 4:48am May 21, 2012 4:37am | Edited 4:48am
Quoting chazzle
would say that's a downside break
would like to re-enter short the retest , but still a narrow opening range so far ... can see indecision by the MAs weaving
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  • #314,066
  • May 21, 2012 5:24am May 21, 2012 5:24am
Short @ 1.5797
Loosening is not an option
  • #314,067
  • May 21, 2012 5:49am May 21, 2012 5:49am
Cable's messing with our heads today leaving her alone
Come with me if you want to live....
  • #314,068
  • May 21, 2012 5:50am May 21, 2012 5:50am
Quoting Ill-b-back
Cable's messing with our heads today leaving her alone
I was thinking the same thing! Up, down, up, down. Arghh.
  • #314,069
  • May 21, 2012 6:06am May 21, 2012 6:06am
Heads up ,
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,070
  • May 21, 2012 6:09am May 21, 2012 6:09am
Quoting Pedini89
I was thinking the same thing! Up, down, up, down. Arghh.
cable , aussie and eu all compressing right now , best to wait for the break -- will most likely be sharp then enter on a retest of a level/flag
  • #314,071
  • May 21, 2012 6:38am May 21, 2012 6:38am
Quoting FXConveyor
Got in at 58 and will out at 5840

Moving tp to 1.50
Moved tp to 1.5865, this looks more bullish now
  • #314,072
  • May 21, 2012 6:43am May 21, 2012 6:43am
Quoting FXConveyor
Moved tp to 1.5865, this looks more bullish now
What makes you say that?
  • #314,073
  • May 21, 2012 6:46am May 21, 2012 6:46am
Quoting Pedini89
What makes you say that?
my 15 min chart but unable to post it from my computer
  • #314,074
  • May 21, 2012 6:51am May 21, 2012 6:51am
Quoting FXConveyor
my 15 min chart but unable to post it from my computer
The 15m TL?
  • #314,075
  • May 21, 2012 6:53am May 21, 2012 6:53am
looks like a trend is starting, finally
  • #314,076
  • May 21, 2012 6:57am May 21, 2012 6:57am
Quoting Pedini89
The 15m TL?
Just pulled up the 15 min on my phone. SThe SMMA7 that I use for entry does not show bullish. I will keep an eye on my 58 entry.

SL placed at 5770
  • #314,077
  • May 21, 2012 6:59am May 21, 2012 6:59am
Quoting tunera
looks like a trend is starting, finally
how come .. if u bearsh we need first to break 1.5800 then break 1.5779 then break 1.57300
  • #314,078
  • May 21, 2012 7:00am May 21, 2012 7:00am
Quoting Ranke Ali
how come .. if u bearsh we need first to break 1.5800 then break 1.5779 then break 1.57300
how we look the market is mostly subjectively, most of us use different way to define a trend, however don't worry we'll get soon to all your numbers

Edit: (Maybe!) everything can happen
  • #314,079
  • May 21, 2012 7:06am May 21, 2012 7:06am
Heading short 5802
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Come with me if you want to live....
  • #314,080
  • May 21, 2012 7:07am May 21, 2012 7:07am
Quoting tunera
how we look the market is mostly subjectively, most of us use different way to define a trend, however don't worry we'll get soon to all your numbers

Edit: (Maybe!) everything can happen
I hope that 2 i want to start bearsh
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