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Cable Update (GBPUSD)

  • #334,541
  • Jan 23, 2013 12:47pm Jan 23, 2013 12:47pm
Quoting Goldflake
Shorts booked.
Long from 5840. target is too big @ 1.6330. (about 500 pips).
i hope you have SL for that also.. and hopefully it's not a 500pips..
  • #334,542
  • Jan 23, 2013 1:00pm Jan 23, 2013 1:00pm
Quoting A-speculator
i hope you have SL for that also.. and hopefully it's not a 500pips..
SL is 5740 (100 pips) and Expecting 5900 before london open.
When Scalpers win, I lose and Vice varsa...
  • #334,543
  • Jan 23, 2013 1:05pm Jan 23, 2013 1:05pm
Quoting strategos
The knowledge of fundamental will enable us understand the actual movement of cable.
Can you elaborate? How would you explain the whipsaw movements of a meager 100 pips of range with fundamentals? Fundamentals are good for really long long term investment whereby currency appreciated/depreciated by a few percentage points, not 0.5% up/down daily.
  • #334,544
  • Edited 1:23pm Jan 23, 2013 1:07pm | Edited 1:23pm
Quoting Goldflake
SL is 5740 (100 pips) and Expecting 5900 before london open.
alright then, i think i know why you pick on long and i wouldn't disagree on it for the time being.

as you can see, we have 2 dojis in daily, maybe that the indication of a reversal and i hope for that also - on the price to be at a higher price.

but, if the price unable to trade sustainably above the high of the resistance or not being able to break the resistance, than i think we would not see the price trading upside and we might see price breaking the low of the dojos instead.

i would not speculate on where the price might move, but at current range, i see no reason to trade at all on cable, at least that's might personal view. perhaps better to find good position in long the swissy (at 9285 perhaps? )

anyway, i wish you green pips and all the best mate.
  • #334,545
  • Jan 23, 2013 1:09pm Jan 23, 2013 1:09pm
Quoting Goldflake
SL is 5740 (100 pips) and Expecting 5900 before london open.
You mean it's a straight up move from here? Even if we see 5900 before London and 6300 in the long term, did you consider it might goto 5900 and then 5700 and then maybe 6300?
  • #334,546
  • Jan 23, 2013 1:13pm Jan 23, 2013 1:13pm
Quoting A-speculator
alright then, i think i know why you pick on long and i wouldn't disagree on it for the time being.

as you can see, we have 2 dojis in 4h, maybe that the indication of a reversal and i hope for that also - on the price to be at a higher price.

but, if the price unable to trade sustainably above the high of the resistance or not being able to break the resistance, than i think we would not see the price trading upside and we might see price breaking the low of the dojos instead.

i would not speculate on where the price might move, but at current...
Good point. The fact that the dojis are kind of inside bars of Monday but also that yesterday it broke the low of Monday for a brief while suggests that there is some low side left to it maybe. I may be wrong but I guess even if we go higher from here, it might want to visit down below once more at least if not sustain keep going down (or up).
  • #334,547
  • Jan 23, 2013 1:17pm Jan 23, 2013 1:17pm
Quoting CasperTrader
Good point. The fact that the dojis are kind of inside bars of Monday but also that yesterday it broke the low of Monday for a brief while suggests that there is some low side left to it maybe. I may be wrong but I guess even if we go higher from here, it might want to visit down below once more at least if not sustain keep going down (or up).
let it move up first mate.. i haven't been able to be in position yet...

if it's move directly downwards from here on, then i will be missing the train
  • #334,548
  • Jan 23, 2013 1:18pm Jan 23, 2013 1:18pm
Quoting CasperTrader
You mean it's a straight up move from here? Even if we see 5900 before London and 6300 in the long term, did you consider it might goto 5900 and then 5700 and then maybe 6300?
make it 5500 mate..
  • #334,549
  • Jan 23, 2013 1:22pm Jan 23, 2013 1:22pm
Quoting CasperTrader
You mean it's a straight up move from here? Even if we see 5900 before London and 6300 in the long term, did you consider it might goto 5900 and then 5700 and then maybe 6300?
I don't see it moving back down after reaching 5900. market accumulated buyers since last 2 weeks. It is just ready to blast to the previous tops which is around 6300. May be it is waiting for euro to join the train before blasting to the upside. This whole process may take about 1 month. Intraday, we may see small retraces but i don't see 5700 in next few weeks.( I'll be screwed if it touches 5700 )
When Scalpers win, I lose and Vice varsa...
  • #334,550
  • Jan 23, 2013 1:23pm Jan 23, 2013 1:23pm
dont f&*k with the pound
  • #334,551
  • Jan 23, 2013 1:23pm Jan 23, 2013 1:23pm
Quoting nAVIN2007
dont f&*k with the pound
why u say that mate?
  • #334,552
  • Jan 23, 2013 1:26pm Jan 23, 2013 1:26pm
Quoting A-speculator
why u say that mate?
Yep.. It really fucked too many people since last 2 weeks.
When Scalpers win, I lose and Vice varsa...
  • #334,553
  • Jan 23, 2013 1:27pm Jan 23, 2013 1:27pm
Quoting Goldflake
I don't see it moving back down after reaching 5900. market accumulated buyers since last 2 weeks. It is just ready to blast to the previous tops which is around 6300. May be it is waiting for euro to join the train before blasting to the upside. This whole process may take about 1 month. Intraday, we may see small retraces but i don't see 5700 in next few weeks.
for that to happen, there must be other pairs agreeing for the move..

currently, we see the ucad blasted to the roof and i think we might see swissy follows the ucad in nearest term. that's mean that cable might be continuing the move down, maybe there will be some retracement to the upside but i don't think to 6300..
  • #334,554
  • Jan 23, 2013 1:29pm Jan 23, 2013 1:29pm
Quoting CasperTrader
Closed the longs on Cable. Shorting here for a 100 pips. Will look to long again. SL above 1.5893.
Closing my shorts here. Will wait out for some time.
  • #334,555
  • Jan 23, 2013 1:34pm Jan 23, 2013 1:34pm
Quoting A-speculator
why u say that mate?
its just one of those saying..makes me laugh..hehe

also its never sink when ya need it too
except when im long
  • #334,556
  • Jan 23, 2013 1:38pm Jan 23, 2013 1:38pm
Quoting nAVIN2007
its just one of those saying..makes me laugh..hehe

also its never sink when ya need it too
except when im long
lol. wait for it mate.. let's hope the price can get to 59xx area by today for fresh short.. been waiting for several days now..

my PO on kiwi already triggered at 8420.. hopefully it doesn't get to 8445.. my SL 8450.
  • #334,557
  • Jan 23, 2013 2:09pm Jan 23, 2013 2:09pm
Quoting A-speculator
lol. wait for it mate.. let's hope the price can get to 59xx area by today for fresh short.. been waiting for several days now..

my PO on kiwi already triggered at 8420.. hopefully it doesn't get to 8445.. my SL 8450.
oh damn.. stupid of me letting the position triggered at the very end of the day and having to pay for the Wed. rollover..
  • #334,558
  • Jan 23, 2013 2:18pm Jan 23, 2013 2:18pm
Quoting A-speculator
oh damn.. stupid of me letting the position triggered at the very end of the day and having to pay for the Wed. rollover..
Can't control that trade trigger button? eh.. LOL
  • #334,559
  • Jan 23, 2013 2:20pm Jan 23, 2013 2:20pm
Quoting CasperTrader
Can't control that trade trigger button? eh.. LOL
no, i had that pending order earlier.. haven't thought of the time of the day, watching the green PO until its triggered without doing anything..

should have cancel the PO and re pending again after the rollover.. oh my..
  • #334,560
  • Jan 23, 2013 2:43pm Jan 23, 2013 2:43pm
Quoting CasperTrader
Can't control that trade trigger button? eh.. LOL

these days u can enter comeback after a few days and find u havent moved..
all we pay is swap fees everyday for reward
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