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Cable Update (GBPUSD)

  • #318,001
  • Jul 3, 2012 12:01pm Jul 3, 2012 12:01pm
Cable's gonna spring up like a mo..f..ker! If the 1.5720 level is not breached before end of NY session today then we'll see 1.5820. If that same level is not breached by end of NY session 2morrow then its 1.5920. Whats it gonna be!
The only way not to think about money is to have a great deal of it
  • #318,002
  • Jul 3, 2012 12:09pm Jul 3, 2012 12:09pm
Quoting Makavelli7
Cable's gonna spring up like a mo..f..ker! If the 1.5720 level is not breached before end of NY session today then we'll see 1.5820. If that same level is not breached by end of NY session 2morrow then its 1.5920. Whats it gonna be!
ahhh errrr....ummmmm

does nobody know what day it is tomorrow?

July 4th.......USA closed for business.
I don't trust any move - when you have profit...take it.
  • #318,003
  • Jul 3, 2012 12:25pm Jul 3, 2012 12:25pm
Quoting Faller
ahhh errrr....ummmmm

does nobody know what day it is tomorrow?

July 4th.......USA closed for business.
is that like an Independence day or something?..kinda has a ring to it..perhaps from da movies
  • #318,004
  • Edited 12:41pm Jul 3, 2012 12:30pm | Edited 12:41pm
Quoting Makavelli7
OK! bringing ma money out of the friggin bank now. Longing cable at current price 1.5688 target is 1.5820. Hey Tau, how you doing brother
Good luck with that trade.

1.57 is proving to be some stubborn resistance as of late, If I was to get in any direction on this pair I'd wait for a bounce off 1.5725/1.5750/1.5775 areas or the 1.57 area and go short, or if going long, either the 1.5675, 1.5650 or 1.5625 area, but thats me and what ever I decided would depend on current price action at the time.

  • #318,005
  • Jul 3, 2012 1:20pm Jul 3, 2012 1:20pm
Hi GDR3K,

How is your full time trading going? I might be joining your ranks soon so any pointers would be greatly appreciated.

As for cable, I am not comfortable with going long at all. I am waiting for it to go further up for shorting opportunities .

Kind regards.
  • #318,006
  • Jul 3, 2012 1:28pm Jul 3, 2012 1:28pm
Quoting GDR3k
Good luck with that trade.

1.57 is proving to be some stubborn resistance as of late, If I was to get in any direction on this pair I'd wait for a bounce off 1.5725/1.5750/1.5775 areas or the 1.57 area and go short, or if going long, either the 1.5675, 1.5650 or 1.5625 area, but thats me and what ever I decided would depend on current price action at the time.

'Goodluck' is that what u base ur trades on?
The only way not to think about money is to have a great deal of it
  • #318,007
  • Edited 2:01pm Jul 3, 2012 1:46pm | Edited 2:01pm
Quoting Rasi
Hi GDR3K,

How is your full time trading going? I might be joining your ranks soon so any pointers would be greatly appreciated.

As for cable, I am not comfortable with going long at all. I am waiting for it to go further up for shorting opportunities .

Kind regards.
Hello, its going very well thankyou, its picked up the last couple of months and I've had some really good days over the past few weeks, overall I've got alot more than I started with and thats after paying bills, etc.

Not really got any pointers to give other than looking at charts all day certainly does help in finding reoccuring patterns on where the price is likely to stall, then if it does stall and then reverses, where its got a high probability of going next.

What trading strategy or method are you currently using?

Regards
  • #318,008
  • Edited 2:00pm Jul 3, 2012 1:47pm | Edited 2:00pm
Quoting Makavelli7
'Goodluck' is that what u base ur trades on?
No.
  • #318,009
  • Jul 3, 2012 2:14pm Jul 3, 2012 2:14pm
Quoting GDR3k
No.
we can Yap Yap all we want but the market'l stil do what it wants to do. So lets just wait and see
The only way not to think about money is to have a great deal of it
  • #318,010
  • Jul 3, 2012 2:27pm Jul 3, 2012 2:27pm
Quoting GDR3k
Hello, its going very well thankyou, its picked up the last couple of months and I've had some really good days over the past few weeks, overall I've got alot more than I started with and thats after paying bills, etc.

Not really got any pointers to give other than looking at charts all day certainly does help in finding reoccuring patterns on where the price is likely to stall, then if it does stall and then reverses, where its got a high probability of going next.

What trading strategy or method are you currently using?

Regards
Thank you for your reply and I'm glad things are working out well for you. I hope the trend continues...

As for me, I'm in full time employment at present (that could change soon) which means I tend to look for long(ish) types of trades as I don't have the time to stay in front of the screen and watch the trades like a hawk.

I consider myself to be a fundamental trader due to my education and work experience but learning charts/price action for some time now. This year my success rate is circa 65% (or 2:1) and I tend to deal in small lot sizes. Overall I'm doing fine with my trading but there is always a lot of room for improvement in this business.

Wishing you green pips.
  • #318,011
  • Jul 3, 2012 2:40pm Jul 3, 2012 2:40pm
Quoting PoundTrader
look like a strong chance we ends the week in a downtrend.
watch out for a nice drop, good luck to all
  • #318,012
  • Jul 3, 2012 3:31pm Jul 3, 2012 3:31pm
Quoting PoundTrader
watch out for a nice drop, good luck to all
It seems that way.
Come with me if you want to live....
  • #318,013
  • Jul 3, 2012 3:35pm Jul 3, 2012 3:35pm
Quoting Ill-b-back
It seems that way.
im not short but im looking
  • #318,014
  • Jul 3, 2012 3:44pm Jul 3, 2012 3:44pm
Quoting PoundTrader
watch out for a nice drop, good luck to all
I dont think sooo
The only way not to think about money is to have a great deal of it
  • #318,015
  • Jul 3, 2012 4:25pm Jul 3, 2012 4:25pm
Quoting PoundTrader
im not short but im looking
It's clustered and we are bullish on my platform but Price failed. Can't see longs from here but shorts are a tight squeeze also.
Come with me if you want to live....
  • #318,016
  • Jul 3, 2012 5:38pm Jul 3, 2012 5:38pm
Have been played well by the market since yesterday
  • #318,017
  • Jul 3, 2012 5:59pm Jul 3, 2012 5:59pm
Not an expert and also could be wrong page to post this but i entered long on USD/CAD at 1.0121 level as its 50% fib level of .9800-1.0448 and also its trading over 200sma level on daily chart.
http://www.forexfactory.com/images/e...ttach_long.gif
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCADDaily.gif Size: 16 KB
Click to Enlarge Name: USDCADH4.gif Size: 17 KB
  • #318,018
  • Jul 3, 2012 6:13pm Jul 3, 2012 6:13pm
Quoting Niranj
Not an expert and also could be wrong page to post this but i entered long on USD/CAD at 1.0121 level as its 50% fib level of .9800-1.0448 and also its trading over 200sma level on daily chart.
http://www.forexfactory.com/images/e...ttach_long.gif
Good Evening Niranj,
Check out the link below that deals with your question.

http://www.forexfactory.com/showthre...04#post5811504
Killer Whale does a good job in discussing his views. Just be polite and he can teach us plenty.

Regards and good luck!
Remember what the door mouse said....
  • #318,019
  • Jul 3, 2012 10:03pm Jul 3, 2012 10:03pm
Quoting Makavelli7
OK! bringing ma money out of the friggin bank now. Longing cable at current price 1.5688 target is 1.5820. Hey Tau, how you doing brother
good day to you,sir

Sorry - was sleeping. Just busy with annual budgets that need to be at the factories by Friday. So not trading much.

But I'm peachy.

Can not apply longterm strat at present - price nowhere in that sense. So just looking for a few here and there.

All the best

Regards
  • #318,020
  • Jul 3, 2012 10:40pm Jul 3, 2012 10:40pm
Quoting Makavelli7
I dont think sooo
do you think at all, just kidding
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