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Cable Update (GBPUSD)

  • #315,581
  • Jun 4, 2012 3:07pm Jun 4, 2012 3:07pm
Quoting 1stECN
Cable going North to 1.5441
I was long this pair; but due to the holiday, it turned out so slow in uptrend movement; so I closed for 15+ pips to bet on AUDUSD for a long reaching 0.9804

good luck on your cable trades; I'm out for AU.
Perfect Trading Core completed on 13/10/2012 : 2002-2012 |10yrs
  • #315,582
  • Jun 4, 2012 5:19pm Jun 4, 2012 5:19pm
Quoting 1stECN
I was long this pair; but due to the holiday, it turned out so slow in uptrend movement; so I closed for 15+ pips to bet on AUDUSD for a long reaching 0.9804

good luck on your cable trades; I'm out for AU.
yes price turned around 5415... happens!
not a good sign for bears that now staggering still near 5380 with no that strong signs of rejection.

let's see what happens tomorrow!
90% of traders use TA, indicators and prediction
  • #315,583
  • Jun 4, 2012 5:25pm Jun 4, 2012 5:25pm
are we going to see that kind of scenario where ... when prices go down everybody looking to pick the bottom and when prices go up, everybody looking to sell the top that never comes?
90% of traders use TA, indicators and prediction
  • #315,584
  • Jun 4, 2012 5:33pm Jun 4, 2012 5:33pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting _BBKing_
are we going to see that kind of scenario where ... when prices go down everybody looking to pick the bottom and when prices go up, everybody looking to sell the top that never comes?

lmao
  • #315,585
  • Jun 4, 2012 5:37pm Jun 4, 2012 5:37pm
Quoting _BBKing_
are we going to see that kind of scenario where ... when prices go down everybody looking to pick the bottom and when prices go up, everybody looking to sell the top that never comes?
  • #315,586
  • Jun 4, 2012 5:51pm Jun 4, 2012 5:51pm
Quoting _BBKing_
are we going to see that kind of scenario where ... when prices go down everybody looking to pick the bottom and when prices go up, everybody looking to sell the top that never comes?
For those who do, I think they forget Rule #1 :
The Trend Is Your Friend.
Show Me Your Pips!!!
  • #315,587
  • Jun 4, 2012 6:48pm Jun 4, 2012 6:48pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Simple stuff here old tops new bottoms?? We'll see??

Could have bearing on CABLE at the pivotal area of both pairs.
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  • #315,588
  • Jun 4, 2012 7:00pm Jun 4, 2012 7:00pm
Quoting PoundTrader
we have a little uptrend going, lets see if it can hold.

giddy up!
I don't trust any move - when you have profit...take it.
  • #315,589
  • Jun 4, 2012 7:03pm Jun 4, 2012 7:03pm
Quoting Faller
giddy up!
Giggity giggity giggity....Oh right...

(Taken from Glenn Quagmire from Family Guy)


Long time no see brother!!

How are you??

I trade to live
  • #315,590
  • Jun 4, 2012 7:08pm Jun 4, 2012 7:08pm
Quoting UbuFamily
Giggity giggity giggity....Oh right...

(Taken from Glenn Quagmire from Family Guy)


Long time no see brother!!

How are you??


Doing well....just been working in my own quite zone.......seen lots of bashing again the other day.....just laying low - trading. I have been trading many different instruments lately - More NQ, also lots more CL, dipping into NG and Euro.....but still pounding away at the pound! Hope u r well also!

Faller.
I don't trust any move - when you have profit...take it.
  • #315,591
  • Jun 4, 2012 7:10pm Jun 4, 2012 7:10pm
Quoting UbuFamily
Giggity giggity giggity....Oh right...

(Taken from Glenn Quagmire from Family Guy)


Long time no see brother!!

How are you??


Could be interesting if some stops get hit.....might see one hell of a pop????
I don't trust any move - when you have profit...take it.
  • #315,592
  • Jun 4, 2012 7:39pm Jun 4, 2012 7:39pm
Quoting _BBKing_
yes price turned around 5415... happens!
not a good sign for bears that now staggering still near 5380 with no that strong signs of rejection.

let's see what happens tomorrow!
Hi bb

This can be retrace of weekly candle before going down ....We will see today and 2morrow...
I am a hunter...i kill both bulls and bears...
  • #315,593
  • Jun 4, 2012 9:09pm Jun 4, 2012 9:09pm
Quoting _BBKing_
are we going to see that kind of scenario where ... when prices go down everybody looking to pick the bottom and when prices go up, everybody looking to sell the top that never comes?
Nice BBking, the option will be sell on the top / buy from the bottom (looking for pivot point) or just simply follow the trend........simple but always hard to be done
  • #315,594
  • Jun 5, 2012 1:36am Jun 5, 2012 1:36am
triangle in 15 min
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Keep Simple...!
  • #315,595
  • Jun 5, 2012 2:33am Jun 5, 2012 2:33am
Quoting kotlt
triangle in 15 min
break it to down
  • #315,596
  • Jun 5, 2012 2:43am Jun 5, 2012 2:43am
have an entry now to buy cable at 1.5383 target 1.5483
The only way not to think about money is to have a great deal of it
  • #315,597
  • Jun 5, 2012 3:21am Jun 5, 2012 3:21am
Analyst Brooks on Bloomberg says she see's a level of 1.4500 on Cable if Euro talks heat up.
Maybe it's time I drop my TP level from 1.5290
Show Me Your Pips!!!
  • #315,598
  • Jun 5, 2012 3:51am Jun 5, 2012 3:51am
dunno if to step out now or trail it down a bit more.

I expect a 1.2330-50 area to be honest but that flat line might act as a decent support for now and there are some buyers expected around this level.
the biggest prob is that RSI and the stochs point down and as soon as RSI will step under 50 line we drop fast
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  • #315,599
  • Jun 5, 2012 4:11am Jun 5, 2012 4:11am
same on UCAD

there will be a bounce and retrace from this level but I cannot tell for sure
I expect it to go higher due to the rate decision which should be the same (and USD will be stronger)....but I expected a deeper fall to 1.03 level to have a good buy....
too many news today,closed half now and rest at BE....the one that kills me is gold..dammit
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  • #315,600
  • Jun 5, 2012 5:02am Jun 5, 2012 5:02am
hi again

in 1 h (11 GMT) there will be the G7 conf call so EU might spike up to 1.2555-1.2577(more likely 1.2577) and if that one gives up we see 1.2676 as a decent R

but it depends on the USD news later on if the rally will hold(if there will be any)
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