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Cable Update (GBPUSD)

  • #101
  • Nov 22, 2006 9:58am Nov 22, 2006 9:58am
No way this is going to break the 1,9178 level overnight, so small short 1.9154 S/l 35 pips and wait and see what happens. TP 1.91

IMHO the risk is small as 4hr rsi @ 82 - some profit taking more than likely and crude oil under $59 again after the latest stock figures showed more availability than expected so all in all, US$ should recover a bit.
  • #102
  • Nov 22, 2006 9:59am Nov 22, 2006 9:59am
The market left a big ass footprint last night and the night before with those crazy ass spikes thats what my system does it checks thoes footprints/dna and matches it up with previous ones and that how i get my buy or sell signal, so it doesn't matter what kind of news comming out and it damn sure don't use charts if the market makes a footprint my system is all over it. something that has never been done before, i still say to myself i don't believe this shits works. thanks mr. adiar it tuly take a rocket science to come up with some stuff like that, pure genuis
If I Go Broke Trying Then I Will die happy.
  • #103
  • Nov 22, 2006 10:00am Nov 22, 2006 10:00am
Quoting alpin
Amen for that.
Ya my euro trade got stopped out at 2920, it jumped thru it in like 2 minutes, it was around 2900 and i left for 2 or 3 minutes because of stupid GF and came back and had no position left....... I think it will pull back to atleast 2880 or so by the weekend
Ghost Swoopen in for my pips while no one is lookin !!
  • #104
  • Nov 22, 2006 10:01am Nov 22, 2006 10:01am
Call me crazy, but I believe that strategies which are known to everyone DON'T work. So, if this trade works out, I shall reveal something I noticed about this particular trade after I close it.
  • #105
  • Nov 22, 2006 10:03am Nov 22, 2006 10:03am
Quoting howard
On what time frame, Will?

Thanks

howard
Any time frame. Its all relative.
A. Finesse Williams Making Millions One Pip At A Time!
  • #106
  • Nov 22, 2006 10:04am Nov 22, 2006 10:04am
And the decline in crude oil prices will surely help the dollar. Good for all the short positions.

And please, don't use my posts as a trading recommendation. I'm not even right 50% of the time. A monkey could pick a position in the market, better than I can. :
  • #107
  • Nov 22, 2006 10:22am Nov 22, 2006 10:22am
The cable has made a correction. It is not a strong one. So I look for it oscillate for the rest of this week in a 30 pp range. Scalper get ready to trade the bollingers.
A. Finesse Williams Making Millions One Pip At A Time!
  • #108
  • Nov 22, 2006 11:29am Nov 22, 2006 11:29am
Damnt! I hate when Im right but dont fallow through with my thinking,
it corrected back to the 61% Fib and then some!
I be pip'n!
  • #109
  • Nov 22, 2006 1:21pm Nov 22, 2006 1:21pm
anyone think it will go higher, EUR 1.3000 or GDP 1.9200 possible?
  • #110
  • Nov 22, 2006 1:21pm Nov 22, 2006 1:21pm

I thinl its maxing out right now. But its iffy. Because its been on a rise sice a '02. And our government aint trying to help nothing that doesn't benefit their personal pockets or health. So we all have to watch and see whats it is going to do. With no signifcane news coming out and the holidays in swing, We are looking at a consolidtion of 8800 to 9100 (+/-). I assure you i will not drop to levels or earlier this year. Thank the government for that.
  • #111
  • Nov 22, 2006 1:58pm Nov 22, 2006 1:58pm
Interesting to see that they are still pushing higher !!
You think that a normal retail trader would find a good idea to buy after a long ride like today, for a reward of maybe 50 against a risk of much more in this moment ... ?

Somebody knows why the slow retracements (take profit) of the old times have disappeared ?
I think I know...
  • #112
  • Nov 22, 2006 2:03pm Nov 22, 2006 2:03pm
Quoting trucco
Interesting to see that they are still pushing higher !!
You think that a normal retail trader would find a good idea to buy after a long ride like today, for a reward of maybe 50 against a risk of much more in this moment ... ?

Somebody knows why the slow retracements (take profit) of the old times have disappeared ?
I think I know...
Probably because I am short
  • #113
  • Nov 22, 2006 2:07pm Nov 22, 2006 2:07pm
Quoting PipBird
Probably because I am short
many are short. me too

thats why they pushed higher all the day long
  • #114
  • Nov 22, 2006 2:15pm Nov 22, 2006 2:15pm
I think a lot of traders got margined out today.
 It's been a hard day at the office today.
  • #115
  • Nov 22, 2006 3:37pm Nov 22, 2006 3:37pm
article from Bloomberg :

``The dollar's losses today were a bit exaggerated,'' said Christian Dupont, a senior currency trader at Societe Generale SA in Montreal. ``The market is a lot less liquid.''

http://www.bloomberg.com/apps/news?p...Yak&refer=home
  • #116
  • Nov 22, 2006 3:48pm Nov 22, 2006 3:48pm
with all this next it seems like the dollar is weakening more and more so no chance for this high to reverse and we see a big sort next week?

i still have a few shorts open ..
  • #117
  • Nov 22, 2006 3:51pm Nov 22, 2006 3:51pm
bias is still on uptrend
  • #118
  • Nov 22, 2006 4:58pm Nov 22, 2006 4:58pm
Quoting Tatton
with all this next it seems like the dollar is weakening more and more so no chance for this high to reverse and we see a big sort next week?

i still have a few shorts open ..
Well, I cant garantee you the uptrend is finished and reverse is coming, but happens very often that things look like no return and then after 2 days, the picture changes complitly...There is no retracement now just because they changed the rules, because before many were using just the easy retracemente after long big moves (like today) to make money, and ofcourse, everything that becomes common use, and is a less cash for them, is cut off as soon as possible.
I keep my short, no problem at all
I won't give them a penny
I can play with other pairs in meantime
  • #119
  • Nov 22, 2006 5:19pm Nov 22, 2006 5:19pm
trucco,

i agree with you. i think cable will countinue uptrend up to 1.9205 or another resistance line at 1.9238
"Invest With The Insiders, Not The Masses" George Muzea
  • #120
  • Nov 22, 2006 6:36pm Nov 22, 2006 6:36pm
New I shoulda held long over night

24hour SMA held held and kept holding until eventually a big move came, big enough not to make 30pip stop anything to worry about.

24hour price cross is my best Buy / Sell Signal, 24hour Support / Resistance is also high up there.

Shame I wasn't around today

Alot of buying today, Long on a pull back, nearer 24hour I presume closed tommorow ??

previous highs 1.9180, Max lots on that sucker breaking for me!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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