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Cable Update (GBPUSD)

  • #28,941
  • Sep 4, 2007 3:41pm Sep 4, 2007 3:41pm
Quoting cesarnc
What bothers me about UJ for the medium term is the weekly 100 EMA. UJ took 2 weeks to crack in on the way down and retested it once from bottom up. Now at 117.22. This EMA will be critical. Only above of it the resumption of the uptrend could be considered again. I don't trade Uj for 4 weeks already.
That weekly EMA might get the bulls in difficulty but until then we are looking for 100 pips just on UJ.

You are away from Uj for a long time, maybe you missed this.

Take a look...

http://img211.imageshack.us/img211/2475/ujzu2.jpg


This is a H4 chart and that is a 100 SMA.

As you see during the turmoil, that MA is just perfectly hit by the pip as a decline standard.

Today we saw a powerful breakout... not just a spike.

Maybe this mean something, maybe not but, at least we have to bear in mind that the sentiment is not the same, or else that MA would prove to be strong again.
  • #28,942
  • Sep 4, 2007 3:41pm Sep 4, 2007 3:41pm
Quoting pino2
Bullrock, why don't you skip reading my posts if you don't like it that much, you have your own system, your own thoughts, your own views, and your own magic ball that tells you what will happen in the future and the direction as well, ok I respect all this as long as it is bringing profit to you and makes you convinced
I have my own system as well, and I'm making good money out of it and I'm convinced as well
I said earlier this week that cable is acting "You go your way and I'll go mine"
so why don't you act the same with me, just skip my posts
On the otherside, if I have something that may help, I won't hide it from you
I did not want to piss you off. I am reading your posts.. In fact all posts. And as usual I am not reading your posts and all posts for my distraction I am trying to find new ideas new directions etc etc etc.. I am trying to be part of a community of traders (we are here) I did not meant to hurt your feelings and thoughts. Sorry. I just published two numbers.
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  • #28,943
  • Sep 4, 2007 3:43pm Sep 4, 2007 3:43pm
Quoting cesarnc
That's the bad side of disclosing your trades. I'm thinking about not disclosing anymore...

If you lose, you read "hey cesarnc, how's that cable long of yours?" or "here's my view, target 9730". If you win, not a word
Ok, I won't write anything more here on this thread either win or lose
  • #28,944
  • Sep 4, 2007 3:44pm Sep 4, 2007 3:44pm
Quoting pino2
Also I mentioned today that 2.0137 is the key of the day, when cable broke it, it dropped down to 2.0072, and now price is above this figure, not safe for short trades, so take care from this figure till the end of the day
By the way pino2 the 2.0137 has been broken again... I will wait for the hourly close to see...
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  • #28,945
  • Edited 3:48pm Sep 4, 2007 3:44pm | Edited 3:48pm
Quoting cesarnc
That's the bad side of disclosing your trades. I'm thinking about not disclosing anymore...

If you lose, you read "hey cesarnc, how's that cable long of yours?" or "here's my view, target 9730". If you win, not a word

Key reason I don't like to disclose...I rather post thought provoking stuff.......because it's not a matter of where you enter...the question is why?????
  • #28,946
  • Sep 4, 2007 3:47pm Sep 4, 2007 3:47pm
What is your problem pino2? I am really happy that you make good money. I would lie if not. Probably you make more than myself. I am still in the "research" and "gain confidence" phase. I am not a professional trader but a quant... So have fun... This is my last word. Take it or leave it.
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  • #28,947
  • Sep 4, 2007 3:50pm Sep 4, 2007 3:50pm
Quoting bullrock
By the way pino2 the 2.0137 has been broken again... I will wait for the hourly close to see...
It's ok Bullrock
Cable didn't close below 2.0137 for the last 5 hours, will the check the hourly close for this hour
but 2.0137 is a daily key that will be changed by the end of the day, new keys to take place
  • #28,948
  • Sep 4, 2007 3:52pm Sep 4, 2007 3:52pm
Quoting bullrock
What is your problem pino2? I am really happy that you make good money. I would lie if not. Probably you make more than myself. I am still in the "research" and "gain confidence" phase. I am not a professional trader but a quant... So have fun... This is my last word. Take it or leave it.
It's ok Bullrock, thanks for your feelings, same here
  • #28,949
  • Sep 4, 2007 3:52pm Sep 4, 2007 3:52pm
Quoting pino2
Ok, I won't write anything more here on this thread either win or lose
I'm bound to quit my ultra-risky trades, too. It was an August project only to see how far could I go in terms of risk as I was waiting for a cash I was to receive. Too bad this panic took over and we had unusual moves across the board.

I can go for minimum 1% of caiptal a day pretty easily, with the chance of extending it with the SL at B/E ASAP method. Tomorrow I'm funding the account and time to get more serious has come.

Gonna wait to see whether or not this Fed cut will kick in and try to build from there. Possibly from next week on, after NFP B.S.
  • #28,950
  • Sep 4, 2007 3:53pm Sep 4, 2007 3:53pm
Quoting pino2
It's ok Bullrock
Cable didn't close below 2.0137 for the last 5 hours, will the check the hourly close for this hour
but 2.0137 is a daily key that will be changed by the end of the day, new keys to take place
When is your "day end". Mine is 5 GMT
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  • #28,951
  • Sep 4, 2007 3:56pm Sep 4, 2007 3:56pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Hi All
I'm fairly new to FF, personnally i like to know what people are trading and thinking, it helps me check my views and learn new things.

Unfortunatley there seems to be a few people that get really pissed when others don't agree. I think that will in the long run kill this great thread, you can already see others starting new threads to get away from it all. it a shame.

I was about to ask cesarnc how the Au trade went but not to diss him but to see how his view compaired to mine (are my trend line correct, is my system reacting quick enough, that sort of thing)

we are adults, please think about how you would feel before you post a

F**K you

if you wouldn't like don't post it. think about how to refrase the question/opinion.

today i lose tomorrow i win. don't bitch - learn

to all Happy trading
  • #28,952
  • Sep 4, 2007 3:58pm Sep 4, 2007 3:58pm
Quoting bullrock
When is your "day end". Mine is 5 GMT
I'm abroad now, so it's after 2 min
  • #28,953
  • Sep 4, 2007 3:59pm Sep 4, 2007 3:59pm
Quoting pino2
I'm abroad now, so it's after 2 min
One more question pino2. Just curiosity. How do you calculate your keys for the day?
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  • #28,954
  • Sep 4, 2007 4:03pm Sep 4, 2007 4:03pm
Previous days low?
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  • #28,955
  • Sep 4, 2007 4:06pm Sep 4, 2007 4:06pm
Cable might be testing the 2.0072 area soon. bearish 1 h candle, evening star, at a fib level stoch divergence.looks like a good case. will be a slow one until london bring it back to 2.0147. At 2.0126 and lowering.
  • #28,956
  • Sep 4, 2007 4:08pm Sep 4, 2007 4:08pm
Here is how I calculated my levels.
Previous three (including today) days high and low. Fibo expansion tool.

So the levels are
2.0053,
1.9993,
1.9932,
1.9895

Just to explain the rationale behind my numbers
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  • #28,957
  • Sep 4, 2007 4:10pm Sep 4, 2007 4:10pm
Quoting MPP
H

I was about to ask cesarnc how the Au trade went but not to diss him but to see how his view compaired to mine (are my trend line correct, is my system reacting quick enough, that sort of thing)
I cut it at B/E this morning when things started to get ugly for those against the dollar. Never had the chance to bank in profit at 8260s.

Now I'm back to this trade again, same price.
  • #28,958
  • Sep 4, 2007 4:13pm Sep 4, 2007 4:13pm
I think last month really got us all confused....I know it did me....had more losers than winners.

But I'm not mad, cause I learned that with a mixed market you can still make pips.

I also tried some risky trades only to see them up so many pips and then come back to BE or even for a loss....

So now it's all about making profit...new strategy (for me) is to make quota and then take majority of my lots off the table and leave one solider out there to see if a trend is developing and then move my s/l to +1.

At least I have made some profit and then if a trend is in the making I can add lots later.

Just my two pips..
  • #28,959
  • Sep 4, 2007 4:15pm Sep 4, 2007 4:15pm
Quoting Turtle
I think last month really got us all confused....I know it did me....had more losers than winners.

But I'm not mad, cause I learned that with a mixed market you can still make pips.

I also tried some risky trades only to see them up so many pips and then come back to BE or even for a loss....

So now it's all about making profit...new strategy (for me) is to make quota and then take majority of my lots off the table and leave one solider out there to see if a trend is developing and then move my s/l to +1.

At least I have made some profit and then if a trend is in the making I can add lots later.

Just my two pips..
Heh I trade the same way... :
.
  • #28,960
  • Sep 4, 2007 4:22pm Sep 4, 2007 4:22pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting cesarnc
I cut it at B/E this morning when things started to get ugly for those against the dollar. Never had the chance to bank in profit at 8260s.

Now I'm back to this trade again, same price.

my view is posted in the aussie pairs thread, i still think your a week early.

happy trading

just to add last month was crap for me, i can't handle the fast indecisive times. lost money so spent the time studying other systems, so the month wasn't a waste.
should have listened to WTB and stayed out.
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