CBI in 7 minutes, hopefully this will bring some volatility, that we all are waiting
Cable Update (GBPUSD)
- #330,562
- Nov 22, 2012 4:59am Nov 22, 2012 4:59am
- Joined Mar 2011 | Status: Trader | 1,525 Posts
the divergence is on the 1hr bro..so the trend should change on there, it will be interesting..hopefully for my sake we have a down day..following tomorrow bear attack
pray for meh
edit:- i didnt like the small body on daily yesterday with the big ass tail..
- If you look to E/G on M15, you'll find a buy signal after it broke the UML to the upside.
- And you know there's an inverse relationship between G/U an E/G.
- So, G/U has a good probability to go down as E/U is stuck with UML.
- Now, you see the whole picture after looking at the charts.
- Cheers.
- #330,563
- Nov 22, 2012 5:06am Nov 22, 2012 5:06am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- OK I'll pray for you, the reason I posted that cable on m15, that I saw engulfing bearish candle after touch the UML(upper median line) and off course what happens on M15, will definitely effect on h1.
- If you look to E/G on M15, you'll find a buy signal after it broke the UML to the upside.
- And you know there's an inverse relationship between G/U an E/G.
- So, G/U has a good probability to go down as E/U is stuck with UML.
- Now, you see the whole picture after looking at the charts.
- Cheers.
- #330,564
- Nov 22, 2012 5:21am Nov 22, 2012 5:21am
your entry would be my conservative entry.......hope you have a plan.
any idea ???
Golden Goose Return This Month:
na
- #330,565
- Nov 22, 2012 5:25am Nov 22, 2012 5:25am
- Joined Aug 2010 | Status: Trader | 3,185 Posts
I don't trust any move - when you have profit...take it.
- #330,567
- Nov 22, 2012 5:34am Nov 22, 2012 5:34am
- Joined Aug 2010 | Status: Trader | 3,185 Posts
I don't trust any move - when you have profit...take it.
- #330,571
- Nov 22, 2012 6:35am Nov 22, 2012 6:35am
- Joined May 2009 | Status: Trader | 4,895 Posts
seems like price is testing the 5960 as we discussed earlier, let's see can bulls live past that level... well guys.. what happened recently? why the fights? 
- #330,572
- Nov 22, 2012 6:42am Nov 22, 2012 6:42am
- | Commercial User | Joined Sep 2005 | 2,784 Posts
seems like price is testing the 5960 as we discussed earlier, let's see can bulls live past that level... well guys.. what happened recently? why the fights?
Before there was a guy who was selling the pair, and another one asked him informations about his stoploss, and well some fight begun!
Looks like trading can be a stressful job
- #330,573
- Nov 22, 2012 6:48am Nov 22, 2012 6:48am
- Joined Sep 2012 | Status: classic Arts | 1,043 Posts
- #330,574
- Nov 22, 2012 6:52am Nov 22, 2012 6:52am
Cable is temporary held in check with this classic 3 way lead lag Cross play between EURO EURGBP & GBP..
Considering how much EURGBP had advanced from today's low, the old fella is doing not too shabby standing firm here @1.5950.. expect Cable to resume its upside baby elephant march once EURGBP back off after max-out it's daily ATR here.. however, a deeper retrace would be more then welcome for those who had missed the sub 1.59 train.. fwiw..
Ill-b-back.. not being privy to previous history & judging only by his verbal outbursts shown today,...
Looking good but I do expect up around 1.610 and then down to check some lows
Loosening is not an option
- #330,576
- Nov 22, 2012 6:59am Nov 22, 2012 6:59am
- Joined Sep 2012 | Status: classic Arts | 1,043 Posts
- #330,578
- Nov 22, 2012 7:08am Nov 22, 2012 7:08am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Yes, as long as eurgbp go to the sky, cable seems to not be able to fly.
Before there was a guy who was selling the pair, and another one asked him informations about his stoploss, and well some fight begun!
Looks like trading can be a stressful job
every1 should learn one thing from trading..is anything can happen, they are no rules..trader only needs one thing to be profitable..thats what counts..jessie livermore who made a fortune also died because he lost a fortune..i dont see any1 attacking him
trader also have there known rules which might not be rules for others..profit is what counts
- #330,580
- Nov 22, 2012 7:15am Nov 22, 2012 7:15am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction