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Cable Update (GBPUSD)

  • #339,081
  • Apr 18, 2013 9:38am Apr 18, 2013 9:38am
Quoting blobsaudio
It seems a few of these are currently around, I'm hoping some bigger ones make an appearance soon {image}


Now that is being a bully "with love"......
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #339,082
  • Apr 18, 2013 9:40am Apr 18, 2013 9:40am
5300 breash.. no confirm yet.. Man, I'd just flip a coin with this PA.. hehe
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #339,083
  • Apr 18, 2013 9:42am Apr 18, 2013 9:42am
shorted 1.5305 sl 1.5375 tp 1.5155. I don't think the spike have to do with anything technical.
Taking advantage of the the yen crosses fluctuation!
Trade according to current market condition, not what you think would be.
  • #339,084
  • Apr 18, 2013 9:43am Apr 18, 2013 9:43am
Quoting baherhosni
Now that is being a bully "with love"......
Unfortunately the man from the BOE scared it away
  • #339,085
  • Apr 18, 2013 9:48am Apr 18, 2013 9:48am
Quoting blobsaudio
Unfortunately the man from the BOE scared it away
  • #339,086
  • Apr 18, 2013 10:09am Apr 18, 2013 10:09am
Quoting blobsaudio
Unfortunately the man from the BOE scared it away
Technically 5280 is still holding.. with confluence with the 55ema (looking north now) on the hourly.. Still waiting for a possible continuation as an effect of the bad US data and another possible dip on the USD basket index as a result..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #339,087
  • Apr 18, 2013 10:41am Apr 18, 2013 10:41am
The breakout should happen soon going by the 5 min TF, which way though, theory says a higher chance of a south move based on the type of wedge.

Attached Image (click to enlarge)
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  • #339,088
  • Apr 18, 2013 11:14am Apr 18, 2013 11:14am
50 back battle in play:
Attached Image (click to enlarge)
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  • #339,089
  • Apr 18, 2013 11:14am Apr 18, 2013 11:14am
so whats next step???south or north??
when GOD brings you a challenge he also gives you the power to deal with it
  • #339,090
  • Apr 18, 2013 11:23am Apr 18, 2013 11:23am
look like going north
when GOD brings you a challenge he also gives you the power to deal with it
  • #339,091
  • Apr 18, 2013 11:28am Apr 18, 2013 11:28am
Quoting kamifx
GU for Short time 1.5265 / 88 must be touched to see pair 1.5215/20 and then 1.5147 So best Sell entry is above 1.5255 S/L=1.5305
I mentioned the sell area and during hours 2 times return from that area but this time be care for going few pips more up
Don’t follow someone else’s trading advice blindly
  • #339,092
  • Apr 18, 2013 11:36am Apr 18, 2013 11:36am
Quoting kamifx
I mentioned the sell area and during hours 2 times return from that area but this time be care for going few pips more up

????

whats your point?

till now there is no direction cable did only 100 pips +/- movment today...
very "dry"..
when GOD brings you a challenge he also gives you the power to deal with it
  • #339,093
  • Apr 18, 2013 11:46am Apr 18, 2013 11:46am
if we close the day above 1.5325 , the trend up will continue slowly tomorrow or next week
Attached Image (click to enlarge)
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  • #339,094
  • Apr 18, 2013 11:48am Apr 18, 2013 11:48am
I have 2 levels on the cable. 1.5313 or 1.5212. 2nd one looks more possible
  • #339,095
  • Apr 18, 2013 11:55am Apr 18, 2013 11:55am
Quoting -sonny-
if we close the day above 1.5325 , the trend up will continue slowly tomorrow or next week {image}
wow.. you have been holding on those long positions for days as far as i remember!!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #339,096
  • Apr 18, 2013 11:58am Apr 18, 2013 11:58am
Quoting eitan1010
???? whats your point? till now there is no direction cable did only 100 pips +/- movment today... very "dry"..
it seems you didn't notice to the time i suggested the trend when it was on 1.5250 and it was going down and said it would go up to the sell area
May you just wanna say sth
Don’t follow someone else’s trading advice blindly
  • #339,097
  • Apr 18, 2013 12:34pm Apr 18, 2013 12:34pm
Quoting baherhosni
wow.. you have been holding on those long positions for days as far as i remember!!
I open lower lots at the top, and bigger lots near the support, if I'm wrong I close all at break even or with little profit. It's my way to trade but always with the money management as priority.
I would like to see the price near the 100 ma daily, before closing the buys and starting to sell.
  • #339,098
  • Apr 18, 2013 12:34pm Apr 18, 2013 12:34pm
GU on 4H: isn´t making head and shoulder? plz see chart. I just went short on fail of closing above the 1.5300 looking to reach 1.5100-1.5050.
Attached Image (click to enlarge)
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  • #339,099
  • Apr 18, 2013 12:48pm Apr 18, 2013 12:48pm
looking closer few hours off close


Quoting Bones
From a daily point of view $ is consolidating ,tl confirmation ? The £ is bullish over gbp/lfx 1.6300 eu is better short if $ breaks res {image}
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #339,100
  • Apr 18, 2013 12:58pm Apr 18, 2013 12:58pm
Thanks Bones. I will wait for the day close. If the current 4H candle closes below the Weekly support at 1.57 zone, I will hold my short position.
I see you are using hte Us FXCM, do you have data before January-2011? I found it difficult to use it since we broke higher than these last years high. Thanks
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