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Cable Update (GBPUSD)

  • #252,901
  • Sep 14, 2010 9:50am Sep 14, 2010 9:50am
Cloggie - how did you know to go long? what have i missed?
  • #252,902
  • Sep 14, 2010 9:51am Sep 14, 2010 9:51am
Quoting Magix
Well, if this move is to be believed, we are looking at a possible top cap in at about 1.5503-7 which will give us the full range of motion.

Taking triggers off the 1, will see what happens.
Closed longs and loaded first short on counter @ 1.5502.

Will add if we see 5520, 5540.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #252,903
  • Sep 14, 2010 9:51am Sep 14, 2010 9:51am
Quoting Beljevina
Remain cautious ... forexlive reports the following:
[indent]Swiss Rate Hike Talk Swirling - Traders note talk of one of the big Swiss banks circulating an e-mail touting a rate hike from the SNB this Thursday. One would think the monetary conditions created by a record high franc would be enough to dissuade them from hiking but I assume these guys know more than me…makes no sense, but it is what we’re hearing.

If the hike occurs, one market prognosticator likes...
Just got afternoon overview from Dukascopy Swiss, possibility of interest rate hike is top among their talks. I think CHF would soon ruin the entire fx world
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #252,904
  • Sep 14, 2010 9:51am Sep 14, 2010 9:51am
Quoting Sammie
Cloggie - how did you know to go long? what have i missed?

Commodities was the driver today.
  • #252,905
  • Sep 14, 2010 9:52am Sep 14, 2010 9:52am
Quoting cloggie
Check, 5533 next.
Its interesting to see you have always on the right side of the market and always seems to pick the top and bottom, every single time.. Thanks for sharing your exit targets.. Well I understand why you cannot post the entries ever... LOL ...
  • #252,906
  • Sep 14, 2010 9:55am Sep 14, 2010 9:55am
H&S break on USDX
Waiting for 1.554 to break weekly and let it run with more convidence.....

Attached Image
Don't be a hero. Don't have an ego. Always question yourself
  • #252,907
  • Sep 14, 2010 9:56am Sep 14, 2010 9:56am
Quoting cloggie
Gold, Silver, Palladium, just about everything is driving this one. Am still targeting 5503.
Sorry Clog, I'm learning.. How you got the 5503? I don't see any historic significance there.
  • #252,908
  • Sep 14, 2010 9:57am Sep 14, 2010 9:57am
Quoting Magix
I choose not to play in congested areas, but will grab a quick take for a couple bucks.

Double hulls looks like the chart....

Thanks Magix, I think trading choppy waters has been my downfall recently. I just don't know when to stop taking my setups. Good example is today. I traded from London open through to 1.5 hours ago and came out slightly negative. Now I come back to my desk after collecting the kids and look what I see. Ah well.....
  • #252,909
  • Sep 14, 2010 9:57am Sep 14, 2010 9:57am
Quoting Xxavier
Its interesting to see you have always on the right side of the market and always seems to pick the top and bottom, every single time.. Thanks for sharing your exit targets.. Well I understand why you cannot post the entries ever... LOL ...

If you go over my posts from the last week you will see where and how I post just about every target and range pretty much to within a pip or 2. Posting my entries without knowing my strategy and R/R ratios is pretty useless, however posting areas of consolidation and intermediate targets is of benefit to readers here.

Last Friday I went through the effort of posting consolidation areas and targets pretty much play by play for both Cable and Fibre and every call was called before areas were reached and were called pretty much to the pip.

I am not going to call my exact entries as it would just mean that I would be trading for you, and for that you are on your own I am afraid.
  • #252,910
  • Sep 14, 2010 9:57am Sep 14, 2010 9:57am
Price could very well test NL 2 (neck line 2) before turning.
Attached Image (click to enlarge)
Click to Enlarge Name: GU H4.jpg Size: 90 KB
  • #252,911
  • Sep 14, 2010 9:59am Sep 14, 2010 9:59am
Quoting cloggie
Check, 5533 next.
Will it have the legs though? Triggered my short order from a few days back... with my SL at 5535... Let's see what happens!
  • #252,912
  • Sep 14, 2010 10:00am Sep 14, 2010 10:00am
Quoting bbakker
Will it have the legs though? Triggered my short order from a few days back... with my SL at 5535... Let's see what happens!

If 5503 holds, it won't, that is the key.
  • #252,913
  • Sep 14, 2010 10:00am Sep 14, 2010 10:00am
Quoting Sutts
Thanks Magix, I think trading choppy waters has been my downfall recently. I just don't know when to stop taking my setups. Good example is today. I traded from London open through to 1.5 hours ago and came out slightly negative. Now I come back to my desk after collecting the kids and look what I see. Ah well.....
Don't let a single day or trade define you.

We all get em wrong once in a while.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #252,914
  • Sep 14, 2010 10:00am Sep 14, 2010 10:00am
Quoting Precap2
Remember this: Cable has done it's weekly high already (you can quote me). I'm going short all the way
You did say we could quote you !!
  • #252,915
  • Sep 14, 2010 10:02am Sep 14, 2010 10:02am
u t

Quoting cloggie
If you go over my posts from the last week you will see where and how I post just about every target and range pretty much to within a pip or 2. Posting my entries without knowing my strategy and R/R ratios is pretty useless, however posting areas of consolidation and intermediate targets is of benefit to readers here.

Last Friday I went through the effort of posting consolidation areas and targets pretty much play by play for both Cable and Fibre and every call was called before areas were reached and were called pretty much to the pip.
  • #252,916
  • Sep 14, 2010 10:02am Sep 14, 2010 10:02am
DX should probably break 81.43 before the GU tests the NL2. DX is sitting right on the 200 ema weekly with an inverse HS there.
  • #252,917
  • Sep 14, 2010 10:03am Sep 14, 2010 10:03am
Quoting dag777
stopped out, -56 pips on this one, the morning trade was +45 pips,

-11 pips for the day, what a mess
Moving your stops means either of two things, either your analysis changed or emotion took over. I hope it's not the later. It's better to leave your sl based on the original plan, take the loss and look for bright clowds
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #252,918
  • Sep 14, 2010 10:06am Sep 14, 2010 10:06am
+103

Forgot to change the TP when the upside break got going.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_03 Sep. 14 16.51.jpg Size: 83 KB
" Never let the past hold the future to ransom "
  • #252,919
  • Sep 14, 2010 10:06am Sep 14, 2010 10:06am
Quoting cloggie
Commodities was the driver today.
Maybe precious metals, not commodities in general so far I can see....
Don't be a hero. Don't have an ego. Always question yourself
  • #252,920
  • Sep 14, 2010 10:08am Sep 14, 2010 10:08am
+108
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_04 Sep. 14 16.57.jpg Size: 97 KB
" Never let the past hold the future to ransom "
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