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Cable Update (GBPUSD)

  • #318,201
  • Jul 5, 2012 8:13am Jul 5, 2012 8:13am
Quoting Faller
Hey young man......I am on holidays at the beach for the past week.....trading a bit....but nothing heavy........I did not trade this event at all.......

Good for you on your short........
Thank you faller! just dont call me a blind man bro im still young (20 years old for that fact) and very much capable of trading... hell in fact im working for a financial consultant firm this summer for a full-time summer job, talk about a 1st year undergraduate job.... deliciously awesome, i get to see what companies in Hong Kong are issuing new shares and IPOs and companies about to do major acquisitions...
but sad thing is i cant trade it as its illegal
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #318,202
  • Jul 5, 2012 8:20am Jul 5, 2012 8:20am
Quoting bguguen
Thank you faller! just dont call me a blind man bro im still young (20 years old for that fact) and very much capable of trading... hell in fact im working for a financial consultant firm this summer for a full-time summer job, talk about a 1st year undergraduate job.... deliciously awesome, i get to see what companies in Hong Kong are issuing new shares and IPOs and companies about to do major acquisitions...
but sad thing is i cant trade it as its illegal

Sounds like great experience for you.....good stuff.

Here are my trading results for the first 3 days of July while I have been on holidays.....good trading to you.

Cheers Faller.
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I don't trust any move - when you have profit...take it.
  • #318,203
  • Jul 5, 2012 8:22am Jul 5, 2012 8:22am
Quoting Faller
Sounds like great experience for you.....good stuff.

Here are my trading results for the first 3 days of July while I have been on holidays.....good trading to you.

Cheers Faller.
wow u must be trading big account...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #318,204
  • Jul 5, 2012 8:26am Jul 5, 2012 8:26am
Quoting Faller
Sounds like great experience for you.....good stuff.

Here are my trading results for the first 3 days of July while I have been on holidays.....good trading to you.

Cheers Faller.
nice Faller. I wish I get there one day
  • #318,205
  • Jul 5, 2012 8:31am Jul 5, 2012 8:31am
Quoting bguguen
wow u must be trading big account...

To be honest not a very big account at all - I have refined my trade entries to the point where I do not trade very often and only wait for my setups which normally produce a very nice pip count. This has taken a long time to achieve.....but all good things take time. Rome was not built in a day.

Cheers to everyone......getting ready to head to the beach shortly. Here for a few more days.

Faller.
I don't trust any move - when you have profit...take it.
  • #318,206
  • Jul 5, 2012 8:42am Jul 5, 2012 8:42am
Downside breech of ascending Daily trend line on data inspired move down...5508 the current daily lo in that prev 1hr minor sw lo zone..@/below here:

5511-07 prev minor 1hr sw lo zone
5505-5492-83-76-72 prev Dly/4hr/1hr (Dly/4hr to 5472) sw lo zone, incl 5497=Daily S2 @/around, and 5491=76.4% 5402-5776
5466-52 prev Dly/4hr sw lo zone, incl 5460=61.8% main 5267-5776 move, and 5457=85.4% 5402-5776
5427 76.4% 5320-5776
5422 Daily S3 @/around
5412-02 prev minor 4hr sw hi x2 & Dly/4hr sw lo zone incl 5404 = Weekly S2 @/around
5389 Monthly S1 @/around
5388/87/86 Monthly S1 @/around/85.4% 5320-5776/76.4% main 5276-5776 move
5340 85.4% main 5267-5776 move
5332-19 prev Dly/4hr sw lo zone incl 5324 Weekly S3 @/around
5315-10 ascending weekly trend line on current daily candle
5281-67 (-34) Prev Wkly/Dly/4hr sw lo zone

To the immediate upside per 1hr screenshot below

G/L
　
　
　
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ex member
  • #318,207
  • Jul 5, 2012 9:40am Jul 5, 2012 9:40am
Quoting redbeben
this is why I don't trade fundies coz they simply don't exist.tmr maybe USA will start the war in Iran...how can we tell that? price will whipsaw
" Fundies " are lagging indicators , really .. The end results are already baked on the charts... No " ECB interest rate cut" can stop that Distribution on Gu ( 18 days in the making ...) If folks @1.5484 (4hr support ) can't stop it , then it's left to traders @ 1.5318 (...and they are on shaky grounds , so close to the Distribution phase )

Edit ;
BTW , I don't even know what happened with the decision , didn't bother checking..lol
Attached Image (click to enlarge)
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  • #318,208
  • Jul 5, 2012 10:11am Jul 5, 2012 10:11am
Quoting taomql4
" Fundies " are lagging indicators , really .. The end results are already baked on the charts... No " ECB interest rate cut" can stop that Distribution on Gu ( 18 days in the making ...) If folks @1.5484 (4hr support ) can't stop it , then it's left to traders @ 1.5318 (...and they are on shaky grounds , so close to the Distribution phase )

Edit ;
BTW , I don't even know what happened with the decision , didn't bother checking..lol
Very nice chart.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #318,209
  • Jul 5, 2012 10:18am Jul 5, 2012 10:18am
Quoting PoundTrader
look like she wanna break 1.5400 area
cable
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  • #318,210
  • Jul 5, 2012 12:37pm Jul 5, 2012 12:37pm
anybody still selling?
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  • #318,211
  • Jul 5, 2012 1:34pm Jul 5, 2012 1:34pm
Quoting walkman
anybody still selling?
maybe will sell @ 1.554 and another short if gets higher to 1.559
  • #318,212
  • Jul 5, 2012 4:07pm Jul 5, 2012 4:07pm
Look like a nice long long at 1.5520, s/l 1.5474, t/p 1.5598
  • #318,213
  • Jul 5, 2012 4:49pm Jul 5, 2012 4:49pm
Quoting PoundTrader
Look like a nice long long at 1.5520, s/l 1.5474, t/p 1.5598
Holy Toledo, nice set up there BatMan!!
I think the chances of success are about 50/50
Come with me if you want to live....
  • #318,214
  • Jul 5, 2012 5:00pm Jul 5, 2012 5:00pm
Quoting PoundTrader
im trading blindly, we have to wait and see, at least im not in any trade and losing money
I was joking about the 50/50 (if I'm reading it right )....
Is an interesting set up though dude, I've looked casually at this before and wondered about a rule of 100. But not looked into it too much. 5583 will be tough to break??
Come with me if you want to live....
  • #318,215
  • Jul 5, 2012 5:03pm Jul 5, 2012 5:03pm
Quoting Ill-b-back
I was joking about the 50/50 (if I'm reading it right )....
Is an interesting set up though dude, I've looked casually at this before and wondered about a rule of 100. But not looked into it too much. 5583 will be tough to break??
, much love and respect
  • #318,216
  • Jul 5, 2012 5:07pm Jul 5, 2012 5:07pm
Quoting PoundTrader
, much love and respect
Haha, Crikey dude, you still drunk
Come with me if you want to live....
  • #318,217
  • Jul 5, 2012 5:10pm Jul 5, 2012 5:10pm
Quoting Ill-b-back
Haha, Crikey dude, you still drunk
dealing with a hangover
  • #318,218
  • Jul 5, 2012 5:11pm Jul 5, 2012 5:11pm
Quoting PoundTrader
dealing with a hangover
but i can see longs and t/p at 1.5598, good luck to all
  • #318,219
  • Jul 5, 2012 5:20pm Jul 5, 2012 5:20pm
Quoting PoundTrader
Look like a nice long long at 1.5520, s/l 1.5474, t/p 1.5598
technically speaking.. the 5600 is possible since tomorrow is NFP and usually we have good spikes. but seems a bit far: first problems can be near 5570.

main problem for longs is the overall outlook

that demand level apparently is good but few pips below it there is 61% of whole "up-move" going in 5463 or so and some pips more down i have the famous weekly TL near 5400.

180pips is nothing in an NFP day. problem is the direction.. will they move UP, DOWN, or UP-DOWN?

i'm for the UP-DOWN.
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90% of traders use TA, indicators and prediction
  • #318,220
  • Jul 5, 2012 5:21pm Jul 5, 2012 5:21pm
Not a bad day, im out =)
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