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Cable Update (GBPUSD)

  • #341,621
  • Edited 4:51am May 24, 2013 3:58am | Edited 4:51am
me too .. dunno hehehe
different view ...different time frame ...different target

***
the damn euro already broke daily high and ready to reach the optimum bull target ...for daily trader...
( sometimes........something happened in topseal or bedrock ... waiting for that... )


his brother...gu... in about 88.6 level to knock the high


Quoting Trader88q
{quote} i have no ideas. somebody is trying to confuse market. who they are? yes, THE BIG GUYS they are coming. or we hit 4900 today or 5300 technically we must go down to hit 4900 first. but fundamentally we must go up to 5300. i think i will short pound. no no i will long pound. no no i will short pound. no no i will long pound... no no i wll long and short and long and short
Attached Image(s) (click to enlarge)
Click to Enlarge Name: damn euro.png Size: 46 KB
Click to Enlarge Name: usdeks.png Size: 45 KB
Attached File(s)
File Type: ex4 2013 ay-Iqyu5anFibo.ex4   15 KB | 478 downloads
not euphoria follower
  • #341,622
  • May 24, 2013 4:00am May 24, 2013 4:00am
Quoting iqyu5an
tq mate... salam.. {quote}
you are most welcome sir..

salam..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #341,623
  • May 24, 2013 4:11am May 24, 2013 4:11am
Quoting Trader88q
{quote} i have no ideas. somebody is trying to confuse market. who they are? yes, THE BIG GUYS they are coming. or we hit 4900 today or 5300 technically we must go down to hit 4900 first. but fundamentally we must go up to 5300. i think i will short pound. no no i will long pound. no no i will short pound. no no i will long pound... no no i wll long and short and long and short
I just closed all positions, don't want to have difficult situation like last week when Friday trading make me loss 70% of weekly profit.... It is Friday anyway...
Maybe we will have swing movement in the certain price area, so it will be good for scalping... Usually technical not working good on friday NY season...
  • #341,624
  • May 24, 2013 4:20am May 24, 2013 4:20am
Quoting iqyu5an
8 pips to break yesterday - high... {quote}
I hope not
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 36 KB
Come with me if you want to live....
  • #341,625
  • May 24, 2013 4:24am May 24, 2013 4:24am
what's going on here?? technically GU will going down, but why it's bull??
  • #341,626
  • May 24, 2013 4:26am May 24, 2013 4:26am
this hour close could be short set up in pound I think
  • #341,627
  • May 24, 2013 4:29am May 24, 2013 4:29am
not easy to break the roof ..
Attached Image (click to enlarge)
Click to Enlarge Name: gehu.png Size: 40 KB
not euphoria follower
  • #341,628
  • May 24, 2013 4:31am May 24, 2013 4:31am
Quoting Ill-b-back
{quote} I hope not {image}
my way of handling this situation will be to:

  1. close all and wait for signal
  2. OR buy 0.01 and sell 0.01 here.. buy target 120 sl move to BE at 10 pips then monitor pa. if it goes south you make use of the sell to cancel the buy..


cheers..

I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #341,629
  • May 24, 2013 4:38am May 24, 2013 4:38am
Quoting baherhosni
{quote}my way of handling this situation will be to: close all and wait for signal OR buy 0.01 and sell 0.01 here.. buy target 120 sl move to BE at 10 pips then monitor pa. if it goes south you make use of the sell to cancel the buy.. cheers..
you migh want to add another sell on the way down if indeed it goes up and is turning around.. you will need to keep monitoring the pa on lower tf in this case..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #341,630
  • May 24, 2013 4:39am May 24, 2013 4:39am
Quoting Rantaro
what's going on here?? technically GU will going down, but why it's bull??
That's what Cable often does, fake moves before NY.

Up then down or down then up....
Come with me if you want to live....
  • #341,631
  • May 24, 2013 4:41am May 24, 2013 4:41am
Quoting baherhosni
{quote}my way of handling this situation will be to: close all and wait for signal OR buy 0.01 and sell 0.01 here.. buy target 120 sl move to BE at 10 pips then monitor pa. if it goes south you make use of the sell to cancel the buy.. cheers..
Hi Baherhosni,
Thanks, it's ok, I don't move SL to break even.

I'm hardly wet in the market,

Cheers mate.
Come with me if you want to live....
  • #341,632
  • Edited 5:26am May 24, 2013 5:02am | Edited 5:26am
Market already made french kiss in the weekly bed rock.... they need go home to low or 11.4 of the weekly fib first before any move

( most of the time.......... but not a must )

don't try this at your kitchen...


Quoting iqyu5an
me too .. dunno hehehedifferent view ...different time frame ...different target ***the damn euro already broke daily high and ready to reach the optimum bull target ...for daily trader...( sometimes........something happened in topseal or bedrock ... waiting for that... ) his brother...gu... in about 88.6 level to knock the high {quote} {file} {image} {image}
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gehu mingguan.png Size: 39 KB
Click to Enlarge Name: to_be_or_not_to_be_by_sharp_negative-d3f1qr5.png Size: 102 KB
not euphoria follower
  • #341,633
  • May 24, 2013 5:33am May 24, 2013 5:33am
Quoting iqyu5an
Market already made french kiss in the weekly bed rock.... they need go home to low or 11.4 of the weekly fib first before any move ( most of the time.......... but not a must ) don't try this at your kitchen... {quote} {image} {image}
STAY OFF THE DRUGS..there is not enough for both of us..hehe
  • #341,634
  • May 24, 2013 5:34am May 24, 2013 5:34am
broken..

Quoting iqyu5an
8 pips to break yesterday - high... {quote}
not euphoria follower
  • #341,635
  • May 24, 2013 5:36am May 24, 2013 5:36am


off mate... gonna have some dinner here....

salam yaaaaaaaa


Quoting nAVIN2007
{quote} STAY OFF THE DRUGS..there is not enough for both of us..hehe
not euphoria follower
  • #341,636
  • May 24, 2013 5:39am May 24, 2013 5:39am
Quoting iqyu5an
off mate... gonna have some dinner here.... salam yaaaaaaaa {quote}
salam
  • #341,637
  • May 24, 2013 6:21am May 24, 2013 6:21am
Quoting Ri Dwe
We have the Friday Pivot. I think it is likely to go down to 1.5038 (S1 Daily) around Frankfurt Open, and after that it will go up to 1.515 (R1) or 1.519 (R2)
The bears attacked to early and hit the wall at 1.506. But I still see the possibility to retest 1.504 after reaching 1.515. Then I think it would be the last chance for the bears to unload their packs. The change of direction is imminent.
Make it simple, but not simpler - Einstein
  • #341,638
  • May 24, 2013 6:30am May 24, 2013 6:30am
Shorted 5120 SL 5200 TP 4990
  • #341,639
  • May 24, 2013 6:32am May 24, 2013 6:32am
Quoting Ri Dwe
{quote} The bears attacked to early and hit the wall at 1.506. But I still see the possibility to retest 1.504 after reaching 1.515. Then I think it would be the last chance for the bears to unload their packs. The change of direction is imminent.
if you are refering to that 15 pip candle on m15, then that is just scalpers closing buy positions.. the bears are not in play yet imo..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #341,640
  • May 24, 2013 6:36am May 24, 2013 6:36am
Hi All,

I had shorted 100K at 5073. I didn't put a stop loss and it's hovering around 5125. Now, the BBA mortgage data came negative and so the Cable should have dropped but it kept going up. The US core durable goods data is at 6:00. Yesterday, the home sales data came and had next to no impact even though its an important measure and was positive. Now, all things point to the cable going down, but it isn't. I have an available margin of 100 pips.

Please advise if I should pack my bags at a 500 USD loss or stay? M super confused.
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