Ooops! Bye, bye bulls!

Cesarnc's market talk, gossips, rumours & fun

Damn, I need to visit here more often when I'm stre$$ed out @ work. Helps every time! Good luck with the employment data, everyone! Any surprises could make or brake multiple markets right now: Cable, dow, oil etc... Exciting! (I ...

Cesarnc's market talk, gossips, rumours & fun

Happy Fête du Canada Jack!

Cable Update (GBPUSD)

Well, it's probably all going to be insignificant "noise", until the shit hits the fan @ 12:30 GMT tomorrow. Anyhow, expecting a sweet smell, that is something like: "Oh, we only lost about 285k jobs, that sounds soooo good compared to the 360k loss ...

Cable Update (GBPUSD)

Very short term: Bearish (at least < 6415).

Cable Update (GBPUSD)

My current view: Dollar is weakening. Expecting downside action in the coming days. Pound hit a brick wall yesterday. GBPUSD: Viewed separately, I would be more or less negative on the pair itself and both components (GBP, USD and GBPUSD) right now. ...

Cable Update (GBPUSD)

Tom DeMark based: My main strategy is qualified TD trendline breaks on multiple (at least two, where one of them is H1 or H4) timeframes. Current position in W1 limits the allowed direction (must be above a current TD demand line for bullish entries ...

Cable Update (GBPUSD)

I like to stay in each trade for a while (i.e. a couple of weeks), catching larger moves when a trade goes well. So my SL's are usually at least a days range away.

Cable Update (GBPUSD)

Well, my longs (1.6394, 1.6343, 1.6305) from last week are still running. But I guess they doesn't look as attractive as they did this morning. Been offline since around 08 CET, so I missed most of the action... I've moved SL to BE now, doesn't seem ...

Cable Update (GBPUSD)

Quite a ride today! Cable got hit in the face twice today: We got a sharp pound reversal after bad economic numbers, followed by a dollar reversal when U.S. markets opened. Time to re-evaluate the strategy...

Cable Update (GBPUSD)

Interestingly, the breakout-action at the moment is pound-based, the dollar has yet to follow suit with a similar break to the downside. The dollar looks anemic, but we need it to fall properly today to keep the freight train running...

Cable Update (GBPUSD)

Goodbye range!

Cable Update (GBPUSD)

If your 1.6600 order hasn't executed by now, change broker! However, wonky quoting is not uncommon, adding a couple of pips (in addition to half of the spread) in safety margin might help.

Cable Update (GBPUSD)

Good advice, quite risky to go long while it's trying to break out/up. If you expect an upside range breakout, the least risky place to enter is actually at the bottom half of the range, following respect of support.

Cable Update (GBPUSD)

Bear trap image

Cable Update (GBPUSD)

Yes, looks like we hit a bunch of sell orders @ mid-quote 1.6600 exactly.

Cable Update (GBPUSD)

Long, just look at those charts..!

Cable Update (GBPUSD)

Breakout seems imminent (< 12 hrs.)

Cable Update (GBPUSD)

Very likely target, looks like an excellent trade. Stock markets finished weakly on Friday and it makes sense technically. I'm looking for a range breakout, possibly within the next 4 trading days, direction following stock markets. Independent ...

Cable Update (GBPUSD)

Excellent point! I should have expressed it like this: Minimum capital: 3 years of required income (36X required monthly income). Then you will be able to maintain your living standard and break even at 2.8% profit on a monthly basis. I guess we are ...

Cable Update (GBPUSD)