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Cable Update (GBPUSD)

  • #332,601
  • Dec 19, 2012 5:24am Dec 19, 2012 5:24am
Quoting A-speculator
i'm not interested anymore on cable.. might get choppy from here on, i guess..

i'm more interested to the commodity currency.. might not make any trade on cable for sometime i guess until clear breakout or valid reversal sighted..
Enjoy... BULLISH (Total) Trend
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-12-19_Cable in H4 Chart.png Size: 26 KB
Always looking the GREAT, never left GOOD Point...
  • #332,602
  • Dec 19, 2012 5:24am Dec 19, 2012 5:24am
Shorting is tempting but ........................
Attached Image (click to enlarge)
Click to Enlarge Name: cable10.gif Size: 19 KB
  • #332,603
  • Dec 19, 2012 5:24am Dec 19, 2012 5:24am
Quoting nAVIN2007
market is very short on cable..and any attempt to short has failed...my head looks at the chart and i see bulls longer term but then i reflect on euro and fundamentals and think why would cable fly?? longer term

conflict arise and i go fundamental ..and get it!..still its in a place where short still has a chance so not concerned
Agree with you on fundies there.
  • #332,604
  • Dec 19, 2012 5:29am Dec 19, 2012 5:29am
I realized that every losing trade is a mistake. If you believe otherwise (the old, "Well, It's good because I've learned my lesson"), then you are going to at least ENJOY losing your entire account. Get with the program, man! would you be happy to have set your hair on fire, because now you can say, "Well, I'll never do that again!"?

- Source "How to be a Trader" Ch. 1 Pg 7
Numbers NEVER Lie
  • #332,605
  • Dec 19, 2012 5:30am Dec 19, 2012 5:30am
God knows where we could end up.

buying dips
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Come with me if you want to live....
  • #332,606
  • Dec 19, 2012 5:30am Dec 19, 2012 5:30am
Quoting CasperTrader
Agree with you on fundies there.

when i looked at the 16 month chart i struggled to see a bullish signal to be fair but it was the probability of the quickest move, longer term i say 1.4 at least..because nobody can deny the big bear flag formation..which lines up with the fundamentals ....i have gone with this scenero

christmas is a time cable generally does well..
  • #332,607
  • Dec 19, 2012 5:34am Dec 19, 2012 5:34am
Quoting Ill-b-back
God knows where we could end up.

buying dips
this chart of yur worries me
  • #332,608
  • Dec 19, 2012 5:40am Dec 19, 2012 5:40am
Looking at previous monthly PA around 6450, this may be an initial road block.
Attached Image (click to enlarge)
Click to Enlarge Name: gu29.gif Size: 12 KB
Come with me if you want to live....
  • #332,609
  • Dec 19, 2012 5:42am Dec 19, 2012 5:42am
Quoting nAVIN2007
agree
might get lucky

Hi naV Bro,

Where is your BULLS ???
Attached Image (click to enlarge)
Click to Enlarge Name: 5 Bulls.jpg Size: 877 KB
Always looking the GREAT, never left GOOD Point...
  • #332,610
  • Dec 19, 2012 5:49am Dec 19, 2012 5:49am
Quoting nAVIN2007
when i looked at the 16 month chart i struggled to see a bullish signal to be fair but it was the probability of the quickest move, longer term i say 1.4 at least..because nobody can deny the big bear flag formation..which lines up with the fundamentals ....i have gone with this scenero

christmas is a time cable generally does well..
How abt the possibility of touch of upper trendline of the bear flag?

After Fed announcement I did not expect a move this high. Even AUD/USD didn't move much. Except for GU and EU.
  • #332,611
  • Dec 19, 2012 5:51am Dec 19, 2012 5:51am
Quoting Ill-b-back
Looking at previous monthly PA around 6450, this may be an initial road block.
Hei Bro,

If Price 1.6300 BROKEN, Cable will be go to...
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-12-19_Cable in W1 Chart.png Size: 17 KB
Always looking the GREAT, never left GOOD Point...
  • #332,612
  • Dec 19, 2012 5:51am Dec 19, 2012 5:51am
Quoting nAVIN2007
when i looked at the 16 month chart i struggled to see a bullish signal to be fair but it was the probability of the quickest move, longer term i say 1.4 at least..because nobody can deny the big bear flag formation..which lines up with the fundamentals ....i have gone with this scenero

christmas is a time cable generally does well..
Shale oil reserves totalling 20 times larger than previous know reserves in the US and even eclipse known reserves of the middle East have been found in the US and they are drilling as we speak I believe.
Investment in these projects started quite some time ago by bigwigs in the know.

Ben has also promised to do all he can to destroy the USD until at least 2015 regardless of economic developments between now and then.

I don't follow fundamentals in my trading, but for those that do, this maybe interesting.
Come with me if you want to live....
  • #332,613
  • Dec 19, 2012 5:52am Dec 19, 2012 5:52am
Quoting Ill-b-back
God knows where we could end up.

buying dips
We could end up @1.7288~>1.8888~>1.9888..

"Bungee Spring to 2.0000" on Mr. Tautrader's Cable monthly charthttp://www.forexfactory.com/attachme...1&d=1355911104

"Anticipation is the mother of all FX Evil..
He who keep anticipating bottoms, gets piece on Earth..
He who keep anticipating tops, gets peace in Heaven.." Fx_ConfusCius..

Trade safe & hoard Cheerios..
  • #332,614
  • Dec 19, 2012 5:53am Dec 19, 2012 5:53am
Quoting Tsar
Hei Bro,

If Price 1.6300 BROKEN, Cable will be go to...
Looks to me like 63 will go Sir
Come with me if you want to live....
  • #332,615
  • Dec 19, 2012 5:54am Dec 19, 2012 5:54am
Quoting cdndollar
We could end up @1.7288~>1.8888~>1.9888..

"Bungee Spring to 2.0000" on Mr. Tautrader's Cable monthly charthttp://www.forexfactory.com/attachme...1&d=1355911104

"Anticipation is the mother of all FX Evil..
He who keep anticipating bottoms, gets piece on Earth..
He who keep anticipating tops, gets peace in Heaven.." Fx_ConfusCius..

Trade safe & hoard Cheerios.....


Yes Sir, longer term, it is written in my chart also
Come with me if you want to live....
  • #332,616
  • Dec 19, 2012 5:54am Dec 19, 2012 5:54am
Quoting cdndollar
We could end up @1.7288~>1.8888~>1.9888..


Look... 8 Number is your favorites. Me too
Always looking the GREAT, never left GOOD Point...
  • #332,617
  • Dec 19, 2012 6:01am Dec 19, 2012 6:01am
Quoting CasperTrader
How abt the possibility of touch of upper trendline of the bear flag?

After Fed announcement I did not expect a move this high. Even AUD/USD didn't move much. Except for GU and EU.

yeah thats my thinking..also move has been slow..
  • #332,618
  • Dec 19, 2012 6:15am Dec 19, 2012 6:15am
I am not swayed by a reversal
The fragrance remains in the hands of those that gves the rose
  • #332,619
  • Dec 19, 2012 6:20am Dec 19, 2012 6:20am
Quoting Ill-b-back


Yes Sir, longer term, it is written in my chart also
Hi Sir IBB.. Hope you're collecting in the pips.. That correction down to 1.6008 was a great buy on dip setup..
The eccentric old fella is on steroid after taking out 1.61.. pausing here in a 4 way Cross play prior to pole vaulting over 1.63..


Quoting Tsar


Look... 8 Number is your favorites. Me too
more 8 Numbers for you..
  • #332,620
  • Dec 19, 2012 6:25am Dec 19, 2012 6:25am
Quoting okosodo
I am not swayed by a reversal
Me neither.

I have no idea why fundamentals should kick in now when investors and central banks have been denying their natural order in the market since the 2008 drop.

The monthly has made a series of higher swing lows and lower swing highs signalling no trend.

2012 however MAY change that
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