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Cable Update (GBPUSD)

  • #334,961
  • Jan 30, 2013 4:37am Jan 30, 2013 4:37am
Quoting Ill-b-back
There you go bulls, now stop your complaining

Just kidding guys, enjoy

hows the little one buddy?
  • #334,962
  • Jan 30, 2013 4:48am Jan 30, 2013 4:48am
Quoting nAVIN2007
hows the little one buddy?
She's great thx nAV, started part time daycare and settling in ok. I'm going to miss her like crazy when I go back to Uni.

But man she's got a set of lungs and she likes to use them when I'm tired.

I think she hates forex also due to its all consuming nature. I can sit down with her on any chair in the house without a fuss, but when I sit at the desk and bring up a chart, she chucks a fit.

I don't think she likes being ignored either.
Come with me if you want to live....
  • #334,963
  • Jan 30, 2013 6:04am Jan 30, 2013 6:04am
Quoting CasperTrader
Shorting again. SL above the gap. Volatility before major news is good for scalping.
Bailing out. Will look to re-enter.
  • #334,964
  • Jan 30, 2013 6:07am Jan 30, 2013 6:07am
Quoting Ill-b-back
She's great thx nAV, started part time daycare and settling in ok. I'm going to miss her like crazy when I go back to Uni.

But man she's got a set of lungs and she likes to use them when I'm tired.

I think she hates forex also due to its all consuming nature. I can sit down with her on any chair in the house without a fuss, but when I sit at the desk and bring up a chart, she chucks a fit.

I don't think she likes being ignored either.
all women seek attention..its nature
looks like cable is reacting and perhaps confirming it aint done with higher levels..USD strength always concerns me
  • #334,965
  • Jan 30, 2013 6:16am Jan 30, 2013 6:16am
Quoting nAVIN2007
all women seek attention..its nature
looks like cable is reacting and perhaps confirming it aint done with higher levels..USD strength always concerns me
Yep, I'm outnumbered now damn it nAV.

Oh well, let's see how high she can go.
I'll be in bed for US session as usual darn it.

Have a great day mate, I'm up in 6 hrs, got to get some sleep.

Hope she lifts hard for you
Come with me if you want to live....
  • #334,966
  • Jan 30, 2013 6:32am Jan 30, 2013 6:32am
Time to close the gap. Will be closing 5679 long soon me thinks.
Ghost Rider - WWTBMD?
  • #334,967
  • Jan 30, 2013 6:38am Jan 30, 2013 6:38am
Quoting albchr
Time to close the gap. Will be closing 5679 long soon me thinks.
Good trade there
  • #334,968
  • Jan 30, 2013 6:39am Jan 30, 2013 6:39am
I think that that it's gonna go up till 1.58 that's it's resistance to complete the downtrend cosolidation
  • #334,969
  • Jan 30, 2013 6:39am Jan 30, 2013 6:39am
Quoting Ill-b-back
Yep, I'm outnumbered now damn it nAV.

Oh well, let's see how high she can go.
I'll be in bed for US session as usual darn it.

Have a great day mate, I'm up in 6 hrs, got to get some sleep.

Hope she lifts hard for you
u too bud
  • #334,970
  • Jan 30, 2013 6:51am Jan 30, 2013 6:51am
Quoting albchr
Time to close the gap. Will be closing 5679 long soon me thinks.
Yep, I'm out at 5780 before news. Will be interesting to watch from here.
Ghost Rider - WWTBMD?
  • #334,971
  • Jan 30, 2013 6:53am Jan 30, 2013 6:53am
Quoting CasperTrader
Good trade there
Thank you sir.
Ghost Rider - WWTBMD?
  • #334,972
  • Jan 30, 2013 10:07am Jan 30, 2013 10:07am
new trend? perhaps bulls might in control in the coming weeks? perhaps cable will follow fiber?

something to think of i guess..
  • #334,973
  • Jan 30, 2013 10:08am Jan 30, 2013 10:08am
will try to enter cable on the long side at about 5770 and short EG at 8595 with very tight stop at about just above 8600..
  • #334,974
  • Jan 30, 2013 10:12am Jan 30, 2013 10:12am
this is the chart on cable..
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 25 KB
  • #334,975
  • Jan 30, 2013 10:24am Jan 30, 2013 10:24am
gbpusd now sleep...
  • #334,976
  • Jan 30, 2013 10:27am Jan 30, 2013 10:27am
Some new people say they are here to learn.
To those who think that playing the news is smart I ask to read this post from my blog.

"Do you think facts and 'Truth' (i.e. market news) make money?"

Read this and think again: http://wp.me/p2oF7p-pr

My opinion, of course, but found that a few successful traders agree with that article.

Let me know your thoughts...
"markets traded by programs/HFT offer a significant trading edge..."
  • #334,977
  • Jan 30, 2013 10:33am Jan 30, 2013 10:33am
this is the EG chart, the first fibo is the fibo used to find the extension and second which is from the larger wave is to check for the retracement and also to check if the fibo extension used is valid.

by this analysis, i think EG is at about the crossroad again which is the current price - which is at about the 261 fibo level, perhaps already at the top of the wave. before moving downwards, price might range between 261 fibo level and 23 fibo which is 8500. 38/161 fibo is at about 8435.

so one step at a time..

this analysis is invalid if price managed to closed above its previous high - at about 8606.
Attached Image (click to enlarge)
Click to Enlarge Name: eg.gif Size: 23 KB
  • #334,978
  • Jan 30, 2013 11:26am Jan 30, 2013 11:26am
hi everyone,
looking at history chart, found that this pair made pretty much the same level gap on September 2011 09 18, the main difference there that it didn't closed that gap... i'm short at the moment @1.57977, targeting 1.54010
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_4h_2013_01_30_vs_2011_09.jpg Size: 137 KB
  • #334,979
  • Jan 30, 2013 11:40am Jan 30, 2013 11:40am
Quoting xau
hi everyone,
looking at history chart, found that this pair made pretty much the same level gap on September 2011 09 18, the main difference there that it didn't closed that gap... i'm short at the moment @1.57977, targeting 1.54010
Perhaps price is just testing the neckline of the double bottom there, mate..

I dont think we gonna get to the 54xx area judging by current PA..
  • #334,980
  • Jan 30, 2013 12:12pm Jan 30, 2013 12:12pm
In the meantime, i would like to see ucad retest the 1.0 area.. hopefully i can make an entry there and hopefully that support hold..

Later guys.
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