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Cable Update (GBPUSD)

  • #337,801
  • Mar 27, 2013 9:27am Mar 27, 2013 9:27am
Quoting A-speculator
what happened to cable? lol.

ucad has moved 20pips from my entry and cable goes nowhere.. been boring trading cable these days, even fiber better..
fibo 38 still holding
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  • #337,802
  • Mar 27, 2013 9:28am Mar 27, 2013 9:28am
Quoting walkman
fibo 38 still holding
we might get back to at least 5135 imho.. maybe tomorrow..

no trade for me on cable atm until we reach the said price.
  • #337,803
  • Mar 27, 2013 9:35am Mar 27, 2013 9:35am
OK, I understand your strategy. But I couldn't find any chance of loading longs because it is going down!

Quoting A-speculator
that flow that you've been talking about, to me is rather subjective mate..

one might see intraday flow, others might see yearly flow.. as long as we're in profit, that's what matters, right?
  • #337,804
  • Mar 27, 2013 9:38am Mar 27, 2013 9:38am
Quoting Maso
OK, I understand your strategy. But I couldn't find any chance of loading longs because it is going down!
don't hold mate.. for counter position, one must always fastern his seat belt (SL).. scalp is ok i think..

you are viewing it as if everyone is swinging long / everyone is a swing trader.. perhaps that's not the case.

if you're a swing trader, i agree on your view on swing short position. for example, what's your take on ucad?
  • #337,805
  • Mar 27, 2013 9:39am Mar 27, 2013 9:39am
Quoting Robot
i hope you sold it down as well. my tp hasn't hit yet wait for me to hit my tp before you go long

No long for me until we get much lower, Vouch was deserved, I read all of your posts going back first. Watched you hold your nerve too and stick to your opinion.

Too many people change their mind with every 10 pip swing.


This is bearish overall (not Maso bearish but still)

Baherhosni called it right a few posts ago. It will meander its way through S and R down to test the lows at some point. Just got to call them correctly.

I generally don't get involved in the daily moves as im more of a swing trader. Im really only looking to set up a few long entries from as low as possible.
Money never sleeps...
  • #337,806
  • Mar 27, 2013 9:40am Mar 27, 2013 9:40am
Quoting A-speculator
don't hold mate.. for counter position, one must always fastern his seat belt (SL).. scalp is ok i think..

you are viewing it as if everyone is swinging long / everyone is a swing trader.. perhaps that's not the case.

if you're a swing trader, i agree on your view on swing short position. for example, what's your take on ucad?
Good stuff A Spec,

just a conflict in styles that's all.
Money never sleeps...
  • #337,807
  • Mar 27, 2013 9:45am Mar 27, 2013 9:45am
I'm not interested in UCAD because of its trading level which is not profitable.

Quoting A-speculator
don't hold mate.. for counter position, one must always fastern his seat belt (SL).. scalp is ok i think..

you are viewing it as if everyone is swinging long / everyone is a swing trader.. perhaps that's not the case.

if you're a swing trader, i agree on your view on swing short position. for example, what's your take on ucad?
  • #337,808
  • Mar 27, 2013 9:48am Mar 27, 2013 9:48am
Quoting Maso
I'm not interested in UCAD because of its trading level which is not profitable.
ok then, let me explain, if you viewing it as an intraday trader, you might say that ucad is in a downtrend, but if you're a swing trader you will say it is in an uptrend.

for me, ucad is in a range (minor range/small range) which might have good probability to go up if 1.0150 level hold as it is 50% of the retracement from the start of the uptrend.
  • #337,809
  • Mar 27, 2013 10:05am Mar 27, 2013 10:05am
Long from here, in daily chart with bollinger band (20) this down is only corrective wave
GL
  • #337,810
  • Mar 27, 2013 10:11am Mar 27, 2013 10:11am
Thanks mate

Quoting A-speculator
ok then, let me explain, if you viewing it as an intraday trader, you might say that ucad is in a downtrend, but if you're a swing trader you will say it is in an uptrend.

for me, ucad is in a range (minor range/small range) which might have good probability to go up if 1.0150 level hold as it is 50% of the retracement from the start of the uptrend.
  • #337,811
  • Mar 27, 2013 10:35am Mar 27, 2013 10:35am
Quoting Maso
Thanks mate
No prob, mate
  • #337,812
  • Mar 27, 2013 10:36am Mar 27, 2013 10:36am
Quoting airafx
Long from here, in daily chart with bollinger band (20) this down is only corrective wave
GL
Imho, the upmove is the correction..
  • #337,813
  • Mar 27, 2013 10:47am Mar 27, 2013 10:47am
Quoting A-speculator
Imho, the upmove is the correction..
Be interesting to see what supply does ...
Stronger supply might be @ .5134
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbpusdh1.png Size: 31 KB
  • #337,814
  • Mar 27, 2013 10:50am Mar 27, 2013 10:50am
Quoting taomql4
Be interesting to see what supply does ...
Yeah, hope price can get to at least 5130.. hopefully it didnt just stall at 5120..
  • #337,815
  • Mar 27, 2013 12:19pm Mar 27, 2013 12:19pm
let's test 1 small short at 5120..
  • #337,816
  • Mar 27, 2013 12:31pm Mar 27, 2013 12:31pm
Quoting A-speculator
let's test 1 small short at 5120..
triggered my larger lot at 5130, now looking to clear my test position...
  • #337,817
  • Mar 27, 2013 12:45pm Mar 27, 2013 12:45pm
Quoting A-speculator
Yeah, hope price can get to at least 5130.. hopefully it didnt just stall at 5120..
Well , they are trying ...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1-2.png Size: 32 KB
  • #337,818
  • Mar 27, 2013 12:47pm Mar 27, 2013 12:47pm
Quoting taomql4
Well , they are trying ...


hopefully tomorrow we can see the move down, i'm don't think in the asian session.. what do you think?

bear flag can be seen from 1h.. hope it stays that way..
  • #337,819
  • Mar 27, 2013 1:42pm Mar 27, 2013 1:42pm
Just opened short; TP @ .5110. unless I stay at the PC I'll ride it out
To maximize your gains you must minimize your losses
  • #337,820
  • Mar 27, 2013 1:48pm Mar 27, 2013 1:48pm
Hardly a convincing move down today.
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