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Cable Update (GBPUSD)

  • #336,661
  • Mar 8, 2013 7:56am Mar 8, 2013 7:56am
Over than 100 pips down...LOL... very good news from USD...
MAKE SURE you still can TRADE tomorrow
  • #336,662
  • Mar 8, 2013 7:57am Mar 8, 2013 7:57am
Well i think this is heavily oversold, and a lot of peoples would have been stopped out finally from the 50's and lets not forget the 60's. I am long and hopefully we get a nice correction next week. Happy Farming
  • #336,663
  • Edited 8:33am Mar 8, 2013 8:01am | Edited 8:33am
http://img825.imageshack.us/img825/9519/gbpw.jpgTime to bounce back!! Wait n see now~~ good luck guys~
  • #336,664
  • Mar 8, 2013 8:12am Mar 8, 2013 8:12am
Quoting zusch
pipnapper,

Give TradeStation a look...best charting by far in my opinion.
I agree. Looking forward to using it in the near future..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #336,665
  • Mar 8, 2013 8:23am Mar 8, 2013 8:23am
I'm done..!!! over than 70 pips from EU, GU & UJ...enough for me...it's time to take a rest....LOL
Have a nice trade all...

MAKE SURE you still can TRADE tomorrow
  • #336,666
  • Mar 8, 2013 8:26am Mar 8, 2013 8:26am
Quoting zusch
pipnapper,

Give TradeStation a look...best charting by far in my opinion.
But then I would have to open a TS Account, right?

Just looked at their Spreads and they are too high for me.
  • #336,667
  • Mar 8, 2013 8:57am Mar 8, 2013 8:57am
Yeah you would have to open an account. I know they are part of an ECN so they offer competitive spreads. I haven't really noticed the spread being too much even in Asian session which I trade frequently. Maybe you're a scalper and then spreads would be more important, but extra fractions of a pip don't affect my own profitability.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #336,668
  • Mar 8, 2013 9:50am Mar 8, 2013 9:50am
Looks like traders went for gold already so i dont expect much more north from cable today!! Gold is a few pips higher than when the move started already. Seemed like The right pair to buy at that point really.
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #336,669
  • Mar 8, 2013 10:00am Mar 8, 2013 10:00am
NFP & other US positive news with sharp reaction down , gu more , eu a little ( as below previous low but gold , audusd withstand nicely , usdcad also but usdchf not .
anyway for gu watching 4981 again for more up instead one more leg down towards 4800.
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 23 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #336,670
  • Mar 8, 2013 10:01am Mar 8, 2013 10:01am
Quoting baherhosni
Looks like traders went for gold already so i dont expect much more north from cable today!! Gold is a few pips higher than when the move started already. Seemed like The right pair to buy at that point really.
Yup, here is the retest already!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #336,671
  • Mar 8, 2013 10:04am Mar 8, 2013 10:04am
Quoting baherhosni
Yup, here is the retest already!
Seems like a good entry now for a mid sized long.. but may require holding through the weekend. Oh and have gr8 weekend yall!,
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #336,672
  • Mar 8, 2013 11:06am Mar 8, 2013 11:06am
Next target is 1.4826. if down trend will not stop. next week we will see that.
On monday i see correction to 1.500 and if it will not push higher suppose to 1.5070 then down trend continues.

Short from 1.5045 stop loss 1.5075 TP 1.4826
  • #336,673
  • Mar 8, 2013 11:08am Mar 8, 2013 11:08am
today rigth before u.s news put short 1.500 TP 1.490 stop loss 1.5030. So risking -30 pip reward +100. works
  • #336,674
  • Mar 8, 2013 11:33am Mar 8, 2013 11:33am
Damn it, bailed on my shorts before going to bed

Have a great weekend all
Come with me if you want to live....
  • #336,675
  • Mar 8, 2013 11:35am Mar 8, 2013 11:35am
I shoulda kept to me plan of Phuking wit da Pound eh nAV

he he...
Come with me if you want to live....
  • #336,676
  • Mar 8, 2013 12:42pm Mar 8, 2013 12:42pm
Quoting Ill-b-back
I shoulda kept to me plan of Phuking wit da Pound eh nAV

he he...

yes..we can always think we got the right direction, fuck man..remeber when we were at 1.63 and i said the mofo was going to 1.51 maybe even lower..but i bought instead!!

dont punish yourself we can easily get it right but do the opposite afterall..there are only 2 directions..thats why i always chuckle when a mofo says " remember my forecast..

market is a mofo from hell
  • #336,677
  • Mar 8, 2013 1:36pm Mar 8, 2013 1:36pm
Quoting Ill-b-back
I shoulda kept to me plan of Phuking wit da Pound eh nAV

he he...
yeah i reckon soro is f&&^kin with da pound or maybe the mrs
  • #336,678
  • Mar 8, 2013 1:39pm Mar 8, 2013 1:39pm
Here is my game plan for next week assuming we don't crash these last 2 hours and make a new low. Just following the weekly candles (not to mention last month's candle). Personally I think its insane to be buying right now. Whats to say Cable doesn't plummet like it did when it fell ~6000 pips from August '08 to Feb '09. Looks like Cable has been basically ranging for 4 years so maybe this year it trends strongly like at the end of '08. We've only moved 1500 pips so far so its defiantly not too late to be entering short.

I also want to bring up this post I made late last night about possible targets for Cable to reach by the end of the week and missed my 1.4880 level by 4 pips. http://www.forexfactory.com/showthre...61#post6500161

Pair is just moving so hard and so fast and so clean that no one should be stepping in front of this train.

Looking forward to trading with everyone next week!
Attached Image (click to enlarge)
Click to Enlarge Name: 3.8.13 GBPUSD Weekly Outlook.png Size: 37 KB
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #336,679
  • Mar 8, 2013 2:15pm Mar 8, 2013 2:15pm
Quoting nAVIN2007
yes..we can always think we got the right direction, fuck man..remeber when we were at 1.63 and i said the mofo was going to 1.51 maybe even lower..but i bought instead!!

dont punish yourself we can easily get it right but do the opposite afterall..there are only 2 directions..thats why i always chuckle when a mofo says " remember my forecast..

market is a mofo from hell
Market from hell and going back there also it seems from PA.
To hell with Soros, I should have made $20 today
Come with me if you want to live....
  • #336,680
  • Mar 8, 2013 2:42pm Mar 8, 2013 2:42pm
Quoting Ill-b-back
Market from hell and going back there also it seems from PA.
To hell with Soros, I should have made $20 today

man i hope not..
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