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Cable Update (GBPUSD)

  • #332,441
  • Dec 13, 2012 12:19pm Dec 13, 2012 12:19pm
Quoting josh1125
Just added another short...So far this pair is being good to me.
Well done Sir
Come with me if you want to live....
  • #332,442
  • Dec 13, 2012 12:58pm Dec 13, 2012 12:58pm
Looking like today's daily candle will close in such a way that yesterday's hi becomes a fractal hi on this t/f - the 2nd HH following 3 x Hl's on this t/f. The drop from today's current hi to today's current lo found support at 50% of the recent 6001-6168 move. 1hr opa uptrend is over, 4hr is probably in some doubt now, daily remains intact - as of now at any rate.

G/L
ex member
  • #332,443
  • Dec 13, 2012 1:14pm Dec 13, 2012 1:14pm
Quoting surgeon
Sell BPD/USD, in my opinion.

Reason for the sudden drop: DJ S&P Puts Negative Outlook on UK's AAA Rating
Very much doubt that - Weekly Supply has been sitting there( and waiting...) for a very long time ..
Well , Just considering GBPUSD alone ..
Attached Image (click to enlarge)
Click to Enlarge Name: gu-sd.gif Size: 29 KB
  • #332,444
  • Dec 13, 2012 1:46pm Dec 13, 2012 1:46pm
selling here. Yeah it could range sidways before going up for a few days, but Im reading it as sell.
  • #332,445
  • Dec 13, 2012 1:52pm Dec 13, 2012 1:52pm
Quoting alex1976
selling here. Yeah it could range sidways before going up for a few days, but Im reading it as sell.

down to 6060
  • #332,446
  • Dec 13, 2012 3:30pm Dec 13, 2012 3:30pm
Quoting alex1976
down to 6060
Welcome to the club! That would be my target as well for part of my position.
  • #332,447
  • Dec 13, 2012 6:31pm Dec 13, 2012 6:31pm
Quoting CasperTrader
Welcome to the club! That would be my target as well for part of my position.
  • #332,448
  • Dec 13, 2012 8:58pm Dec 13, 2012 8:58pm
i think it's still too soon to short..

will gonna wait 1 more daily candle for cable..

atm i think i'll trade other pairs.

good luck guys.
  • #332,449
  • Dec 13, 2012 9:24pm Dec 13, 2012 9:24pm
i think fiber prints a better picture in daily, while still not confirmed on the breakout yet (no breakout on the high or the low of the doji), at least the indecision candle is clearer..

guess i'll be shorting fiber first, cable will come next on my list.. lol.
  • #332,450
  • Dec 13, 2012 9:47pm Dec 13, 2012 9:47pm
what bothers me to short cable/fiber is due to swissy can't trade above 9240 atm and ucad is still below 9900..

atm short still very risky to me..
  • #332,451
  • Dec 13, 2012 11:16pm Dec 13, 2012 11:16pm
Quoting A-speculator
what bothers me to short cable/fiber is due to swissy can't trade above 9240 atm and ucad is still below 9900..

atm short still very risky to me..
Exzactly mate, very good confirmation, 5 days bearish in a row for UCHF. reversal candle still not confirmed. retracement to 1.6080 maybe to take SL of buyers before going up. Fiber also gove us 5 days bullish. I can't find any reason to shorts at cable and fiber at the moment.

more save to be bull than bear....
  • #332,452
  • Dec 13, 2012 11:36pm Dec 13, 2012 11:36pm
Shorted 6139, good RR.
Looking for 1.6
Come with me if you want to live....
  • #332,453
  • Dec 13, 2012 11:42pm Dec 13, 2012 11:42pm
Quoting Ill-b-back
Shorted 6139, good RR.
Looking for 1.6
well done sir, green already....
  • #332,454
  • Dec 13, 2012 11:47pm Dec 13, 2012 11:47pm
Quoting Red Alert
Exzactly mate, very good confirmation, 5 days bearish in a row for UCHF. reversal candle still not confirmed. retracement to 1.6080 maybe to take SL of buyers before going up. Fiber also gove us 5 days bullish. I can't find any reason to shorts at cable and fiber at the moment.

more save to be bull than bear....
well, seems like that.. but things kinda haywire in cable, even EG better..

i'm gonna give another test on cable on this pullback (1h) @ 6130 again.. but i don't really like candle progress in cable..
  • #332,455
  • Dec 13, 2012 11:55pm Dec 13, 2012 11:55pm
Quoting Red Alert
well done sir, green already....


Now wait and see.

Cooking BBQ now, all the best guys.

Cable still FUBAR, choppy as hell for rest of the year I think.
Come with me if you want to live....
  • #332,456
  • Dec 14, 2012 12:17am Dec 14, 2012 12:17am
i need nav to support this bullish...

come on 6300.. nav, have you bought this already?
  • #332,457
  • Dec 14, 2012 1:03am Dec 14, 2012 1:03am
Quoting Ill-b-back


Now wait and see.

Cooking BBQ now, all the best guys.

Cable still FUBAR, choppy as hell for rest of the year I think.
nice price you got there mate.. i think atm everything is in you favor.. i'll stay sideline.. been giving back to market since yesterday (50 pips test lot), not going to give anymore.. lol.

all the best mate..
  • #332,458
  • Dec 14, 2012 1:52am Dec 14, 2012 1:52am
i'm going for an end of the week "chat" about:
definition of scalping
definition of trend
difference between real/demo/contest trading
if you like, join me at this link in 10 minutes from now at new hour beginning time.

tks
90% of traders use TA, indicators and prediction
  • #332,459
  • Dec 14, 2012 2:07am Dec 14, 2012 2:07am
Closed some of my shorts earlier before the spike. The rest hit BE. Now wondering should I keep my long from last week
  • #332,460
  • Dec 14, 2012 2:08am Dec 14, 2012 2:08am
Quoting _BBKing_
i'm going for an end of the week "chat" about:
definition of scalping
definition of trend
difference between real/demo/contest trading
if you like, join me at this link in 10 minutes from now at new hour beginning time.

tks

postponed one hour later
90% of traders use TA, indicators and prediction
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