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Cable Update (GBPUSD)

  • #328,621
  • Oct 30, 2012 9:56am Oct 30, 2012 9:56am
Quoting maximinus
We all three [you, me and the market] could be wrong
Who's right then!?

Signs of price breaking down from the compression. Did not reach my short entry. Not a single trade so far this week. Oh well, with NY out of action, maybe it is for the better and with NFP (if it is still on!) I think it is going to be a quiet week for me trade wise!
  • #328,622
  • Oct 30, 2012 10:27am Oct 30, 2012 10:27am
Quoting bbakker
Who's right then!?
I just don't see the things, and people like (somes) being right and (others) being wrong, good and bad. That's enough hardwork for me trying to be fair and just. No one is wise enough IMO - not even the market - to act and be right constantly. I agree with myself this assertion leads us nowhere, or in an asylum
Don't be smart. Be rich.
  • #328,623
  • Oct 30, 2012 10:41am Oct 30, 2012 10:41am
Quoting maximinus
I just don't see the things, and people like (somes) being right and (others) being wrong, good and bad. That's enough hardwork for me trying to be fair and just. No one is wise enough IMO - not even the market - to act and be right constantly. I agree with myself this assertion leads us nowhere, or in an asylum
Markets can stay irrational for a long time, so therefore trade what you see, not what you think!

Cable really wants to see 6097.
  • #328,624
  • Oct 30, 2012 11:26am Oct 30, 2012 11:26am
Quoting bbakker
Markets can stay irrational for a long time, so therefore trade what you see, not what you think!

Cable really wants to see 6097.
A madman like me in asylum could stay irrational longer than the market.
Don't be smart. Be rich.
  • #328,625
  • Oct 30, 2012 11:31am Oct 30, 2012 11:31am
Quoting maximinus
A madman like me in asylum could stay irrational longer than the market.
BTW, I'll short it if price come back to 6082.
Don't be smart. Be rich.
  • #328,626
  • Oct 30, 2012 11:40am Oct 30, 2012 11:40am
Quoting walkman
sold
still waiting LH to sell on a break

previous closed on 0 pip
Attached Image (click to enlarge)
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  • #328,627
  • Oct 30, 2012 11:43am Oct 30, 2012 11:43am
price is holding daily resistance 1.6080 for past 4hrs .i hope it breaks and goes up.
  • #328,628
  • Oct 30, 2012 11:53am Oct 30, 2012 11:53am
eu also waiting LH
Attached Image (click to enlarge)
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  • #328,629
  • Oct 30, 2012 1:00pm Oct 30, 2012 1:00pm
something like that
Attached Image (click to enlarge)
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  • #328,630
  • Oct 30, 2012 1:38pm Oct 30, 2012 1:38pm
i dont believe any healthy retrace before 6105/07
Learning Requires Failure
  • #328,631
  • Oct 30, 2012 2:32pm Oct 30, 2012 2:32pm
Good day,

Slow as to be expected today.

Holding longs - more upmove due before we can consider a sustainable drop.

See tomorrow.

Regards
  • #328,632
  • Oct 30, 2012 5:31pm Oct 30, 2012 5:31pm
Quoting tirmizi
i dont believe any healthy retrace before 6105/07
That's why it hasn't been making it to those levels yet, hehe. fear of retrace i guess. I'm also on long waiting for 1.611x .
prepare for worst & expect the best
  • #328,633
  • Oct 30, 2012 7:46pm Oct 30, 2012 7:46pm
I just took a long postion for 80 pips. Tight stop.
  • #328,634
  • Oct 30, 2012 8:51pm Oct 30, 2012 8:51pm
Quoting alex1976
I just took a long postion for 80 pips. Tight stop.
Its been pretty hard on wanting to go upside, suggesting maybe possible eur/usd may go 1.3040 and gbp/usd to 1.6140 ....
prepare for worst & expect the best
  • #328,635
  • Oct 30, 2012 10:52pm Oct 30, 2012 10:52pm
Quoting redbeben
coming closer to the point of no return.

eyeball 1.0263-80 if that fails( I doubt it will fail on first attempt and consolidation will be seen) we go to last TP
so what you selling
  • #328,636
  • Oct 30, 2012 11:19pm Oct 30, 2012 11:19pm
Took long @ 6080 with target around 6115/20.
When Scalpers win, I lose and Vice varsa...
  • #328,637
  • Oct 31, 2012 12:48am Oct 31, 2012 12:48am
My Bias on short sides as long as the GU still respect the Top Line of Down Trend Channel...

Still holding 1st short @ 16110, SL @ BE, TP 15850

Placing another short @ 16085, SL 30 pips, TP 80 pips

The chart is attached below

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 4h tf 31 oct2012.gif Size: 21 KB
  • #328,638
  • Oct 31, 2012 1:34am Oct 31, 2012 1:34am
short on 16085 as well
Quoting ForexRatVN
My Bias on short sides as long as the GU still respect the Top Line of Down Trend Channel...

Still holding 1st short @ 16110, SL @ BE, TP 15850

Placing another short @ 16085, SL 30 pips, TP 80 pips

The chart is attached below

Attachment
  • #328,639
  • Oct 31, 2012 1:38am Oct 31, 2012 1:38am
Quoting SmallPaul
so what you selling
signals
  • #328,640
  • Edited 2:23am Oct 31, 2012 2:06am | Edited 2:23am
Quoting motokolo
short on 16085 as well
We're on the same boat to witness this submarine heads back to seabed
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