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Cable Update (GBPUSD)

  • #251,921
  • Sep 9, 2010 8:35am Sep 9, 2010 8:35am
Quoting HiCS
yeah, just like yesterday from 5525, and broke even on this from 5446 and already up 16 pips :nerd:

There is quite a difference from yesterday, equities and oil had room to run yesterday, today we are looking at some good resistance on both. uCAD today is not driving us, eJ is fairly flat here, yields are going the other way.

Apples and Pears.

That said, I am not short yet, need to see how all this plays out first, covered some of the longs, holding about 1/3
  • #251,922
  • Sep 9, 2010 8:35am Sep 9, 2010 8:35am
Quoting javajames
Hi GM

I'm with you.... already entered twice and ready to add to my positions......

BTW NzdUsd seems to me also a good opportunity for shorts....I already did...

wish you all the best my friend
Hi James,
been flat since yesterday...equities indicate topping out after the knee-jerk rally...so it's gonna be an interesting session....

Cheers buddy!
Hear the music before the song is over ...
  • #251,923
  • Sep 9, 2010 8:36am Sep 9, 2010 8:36am
I took a short based on 15 min candle behaviour at the utl.
Attached Image (click to enlarge)
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******************* I'd rather make money than be right.
  • #251,924
  • Sep 9, 2010 8:40am Sep 9, 2010 8:40am
G2G

s/l to -9pips at 5408 (got 5412 as top of range) and got tp at 5470...

Lets see who wins, bulls or bears?

NAH... put s/l to be and up 20 pips... free trade so let's just see...

OFF TO EAT AGAIN
@pawpaw1000 on Twitter
  • #251,925
  • Sep 9, 2010 8:43am Sep 9, 2010 8:43am
Quoting gammase1
Hey GM,

Yields on US Treasuries, the 2y-30y portion of the curve, are etching up (benchmark 10y is up 4bps on the day), which, with all things being equal, supports the...
Hi Paul,
yen is too strong and boj can't to do a damn thing about it just like snb...we might see some dollar strength tho via cable today to even out yesterday's imbalance...

you too...have a good one!
Hear the music before the song is over ...
  • #251,926
  • Sep 9, 2010 8:58am Sep 9, 2010 8:58am
Quoting pawpaw1000
G2G

s/l to -9pips at 5408 (got 5412 as top of range) and got tp at 5470...

Lets see who wins, bulls or bears?

NAH... put s/l to be and up 20 pips... free trade so let's just see...

OFF TO EAT AGAIN
up next: 5451 then maybe 5474
  • #251,927
  • Sep 9, 2010 9:00am Sep 9, 2010 9:00am
Quoting cloggie
SnP is approaching big resistance here at 1115. There is definite appetite for risk today and with equities rallying on the open, does not bode well for the dollar.

DP is still key on Cable, 2756 is the decider on fibre, 1115 on es. Lots of directional SR's here across the board. Nymex crude 76 is another one to keep an eye on to judge the risk appetite for today.
Sorry..what does DP stands for?
  • #251,928
  • Sep 9, 2010 9:03am Sep 9, 2010 9:03am
Quoting iqyu5an
no reason for short. wanna short ? just go to vegas ......
how is vegas ?
not euphoria follower
  • #251,929
  • Sep 9, 2010 9:05am Sep 9, 2010 9:05am
First profit 1.5570
  • #251,930
  • Sep 9, 2010 9:05am Sep 9, 2010 9:05am
50% fib from yesterday's fall @ 5455...

took early profit and left the last short after getting an exit signal.. waiting for another short
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  • #251,931
  • Sep 9, 2010 9:44am Sep 9, 2010 9:44am
Quoting Phate
well please forgive him. He might have failed in real life which might explain the online behaviour.
Anyway cloggie... I saw that you mentioned about S&P and Oil hitting the resistance. big one.. does that translate to not much movement today? or
GU might just come down again

I do expect some dollar strength back in the market here, I posted 2 levels to watch earlier

Quoting cloggie

DP is still key on Cable, 2756 is the decider on fibre
  • #251,932
  • Sep 9, 2010 9:52am Sep 9, 2010 9:52am
Quoting cloggie

That said, I am not short yet, need to see how all this plays out first, covered some of the longs, holding about 1/3

Covered all my longs. Nice little run so far.

Hics, you got that seriously wrong today didn't you? Guess your 5 degrees and superduper strategy is falling a little "short" today.....
  • #251,933
  • Sep 9, 2010 10:01am Sep 9, 2010 10:01am
Hi all

I know this will be of little interest, but I just wanted to say that I have had a complete lightbulb day today. For the first time since I started learning this dark art, everything finally came together and I looked at my chart, and fully understood what I was seeing.

I know that must sound really basic to some of you old hands, but it feels utterly incredible to me.

You guys have contributed so much to this day, I just wanted to say thank you and look forward to learning more with you along the way!

  • #251,934
  • Sep 9, 2010 10:02am Sep 9, 2010 10:02am
not worthed lowering ourselves...


back to trading took a lond frm 15 m TL chickend out @ 15460..few but very good ..yesterdays fibre was great ....too tp @ pin point 2671
We cannot direct the winds but we can adjust our sail.
  • #251,935
  • Sep 9, 2010 10:03am Sep 9, 2010 10:03am
Quoting Delite
Hi all

I know this will be of little interest, but I just wanted to say that I have had a complete lightbulb day today. For the first time since I started learning this dark art, everything finally came together and I looked at my chart, and fully understood what I was seeing.

I know that must sound really basic to some of you old hands, but it feels utterly incredible to me.

You guys have contributed so much to this day, I just wanted to say thank you and look forward to learning more with you along the way!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #251,936
  • Sep 9, 2010 10:03am Sep 9, 2010 10:03am
Quoting Delite
Hi all

I know this will be of little interest, but I just wanted to say that I have had a complete lightbulb day today. For the first time since I started learning this dark art, everything finally came together and I looked at my chart, and fully understood what I was seeing.

I know that must sound really basic to some of you old hands, but it feels utterly incredible to me.

You guys have contributed so much to this day, I just wanted to say thank you and look forward to learning more with you along the way!

Congrats! I know what that feels like & it is magical
******************* I'd rather make money than be right.
  • #251,937
  • Sep 9, 2010 10:03am Sep 9, 2010 10:03am
i can not see the trend .it is line. so i think just wait.
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A chart helps those who can read it.
  • #251,938
  • Sep 9, 2010 10:09am Sep 9, 2010 10:09am
i'm still hold with the pound..target is 1.5490...what do u guys think?i'm new here
  • #251,939
  • Sep 9, 2010 10:14am Sep 9, 2010 10:14am
Green for down and red for up is kinda confusing
  • #251,940
  • Sep 9, 2010 10:17am Sep 9, 2010 10:17am
Quoting nunrgguy
Green for down and red for up is kinda confusing
Actually, if you consider the statistics on traders, being that 90% will lose their asses...Working stuff backwards almost makes sense.

LOL
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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