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Cable Update (GBPUSD)

  • #29,361
  • Sep 6, 2007 10:32am Sep 6, 2007 10:32am
I say this is a major breakout of the triangle, after the retest&failure in the 4hr.

Cable is 2.08, Euro 1.39 next week or I want a lightning to strike me in the head

  • #29,362
  • Sep 6, 2007 10:35am Sep 6, 2007 10:35am
Quoting cesarnc
I say this is a major breakout of the triangle, after the retest&failure in the 4hr.

Cable is 2.08, Euro 1.39 next week or I want a lightning to strike me in the head

Listen to this 2 times i have lost and then get back approx 8% of my day trading account. if i touch the button again i will cut my hand and give it to cannibals.
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  • #29,363
  • Sep 6, 2007 10:36am Sep 6, 2007 10:36am
OMG just came back from town, my stop loss was 1/2 pip away from being triggered , pheeeew, now i closed alll my longs at 260 , this market is becoming annoying now. I see tomorrow as bears day duno why just some gut feeling i guess
  • #29,364
  • Sep 6, 2007 10:37am Sep 6, 2007 10:37am
Quoting bullrock
Listen to this 2 times i have lost and then get back approx 8% of my day trading account. if i touch the button again i will cut my hand and give it to cannibals.
So we have the same problem...

At 0180, after the bounce off 0150s, I decided to go long cable and euro 3675, placed the stoploss and scambled to the supermarket...

Exactly to take the "human factor" out of the table!
  • #29,365
  • Sep 6, 2007 10:38am Sep 6, 2007 10:38am
short anyone.
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  • #29,366
  • Sep 6, 2007 10:44am Sep 6, 2007 10:44am
because of this phucking market i cpould not do proper work whole day. i looked like a drugged idiot who is missing something. then when i went to the sower room to cool of my head and came back with a wet head everyone was a looking at me like i just landed from the mars...meanwhile i have lost and then get back a little fortune. i screwed all my rules and started tp play with ane xtreme leverage and rsiking 20%... i went mad and though under drugs that i am in a casino...
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  • #29,367
  • Sep 6, 2007 10:46am Sep 6, 2007 10:46am
Quoting bullrock
because of this phucking market i cpould not do proper work whole day. i looked like a drugged idiot who is missing something. then when i went to the sower room to cool of my head and came back with a wet head everyone was a looking at me like i just landed from the mars...meanwhile i have lost and then get back a little fortune. i screwed all my rules and started tp play with ane xtreme leverage and rsiking 20%... i went mad and though under drugs that i am in a casino...
calm down and becareful buddy
Trade what you see, not what you think.
  • #29,368
  • Sep 6, 2007 10:48am Sep 6, 2007 10:48am
Hello folks,

Just got up in CA and looked at the last 6 hours on 1H chart... wow! Reminds me of Disneyland .

Anyways, my little analysis tells me this - if you plot 2 sets of BB, one with STD = 2 and another with STD = 3 - you would see that if a pair touches the STD3 BB, it has to rebounce off of that, usually the retrace is twice the delta between the mid-range and the touched BB. I think this is also a system around on this forum, but if you think statistically... the meaning of BB and the price action - it all makes sense!

Anyone with me? Was just my two cents.... oops! Two pence!

Enjoy the ride while it lasts .
  • #29,369
  • Sep 6, 2007 10:51am Sep 6, 2007 10:51am
Quoting cesarnc
So we have the same problem...

At 0180, after the bounce off 0150s, I decided to go long cable and euro 3675, placed the stoploss and scambled to the supermarket...

Exactly to take the "human factor" out of the table!
Nice move...which could set up your swamp or moon trade for tomorrow.....

0350 at a minimum, depending on the numbers and how the NYSE reacts to it...one hour after....

But then again...tomorrow is Friday.....
  • #29,370
  • Sep 6, 2007 10:52am Sep 6, 2007 10:52am
I think a 50 pip retracment and the all the way to 2.0350-2.0400. I was in long and had to leave put limit on 2.0220! whish I was round to let it run!
  • #29,371
  • Sep 6, 2007 10:57am Sep 6, 2007 10:57am
Quoting karmostaji
calm down and becareful buddy
Well yep. never do that again
.
  • #29,372
  • Sep 6, 2007 11:25am Sep 6, 2007 11:25am
Quoting Turtle
Nice move...which could set up your swamp or moon trade for tomorrow.....

0350 at a minimum, depending on the numbers and how the NYSE reacts to it...one hour after....

But then again...tomorrow is Friday.....
As long as we go one seeing those huge seesaws in the stock market, things will go on ugly here. A 70, 80 points day in Dow Jones were considered rare and showed theenthusiasm in the market. Now Dow Jones puts 80 points down from a +180 intraday... That's CRAZY.

Even the US rate sentiment is still uncertain. One day is "cut for sure" because of one economic data and the next one "cut not coming" because of other data.

In the between the <BLEEEP> Bernanke, the officer in command who knows <BLEEP> about what is going on.

"Inflation a concern", while inflation is contained
"Subprime contained" while it's spreading across the globe.

ANd to crown another tough week, the NFP.... I'll be safe at 100km of my computer by the time
  • #29,373
  • Sep 6, 2007 11:33am Sep 6, 2007 11:33am
And to be fair about CB officers, that I use to critize heavily, today's Trichet press conference was an EXAMPLE of a man who has it all figured out.

It was the best conference I saw, the impact of what he said was minimal to the market (although the content was pretty heavy) and even Sarkosy got a piece of his mind after opening the mouth too wide.
  • #29,374
  • Sep 6, 2007 11:43am Sep 6, 2007 11:43am
That's why you gotta love this market...so crazy...could see this until the 18th and then Bernanke will say...no cut......market goes crazy...then 2 weeks later...oh I'm sorry here is your rate cut......
  • #29,375
  • Sep 6, 2007 12:03pm Sep 6, 2007 12:03pm
Quoting cesarnc
As long as we go one seeing those huge seesaws in the stock market, things will go on ugly here. A 70, 80 points day in Dow Jones were considered rare and showed theenthusiasm in the market. Now Dow Jones puts 80 points down from a +180 intraday... That's CRAZY.

Even the US rate sentiment is still uncertain. One day is "cut for sure" because of one economic data and the next one "cut not coming" because of other data.

In the between the <BLEEEP> Bernanke, the officer in command who knows <BLEEP> about what is going on.

"Inflation a concern", while inflation is contained
"Subprime contained" while it's spreading across the globe.

ANd to crown another tough week, the NFP.... I'll be safe at 100km of my computer by the time
Yeah tomorrow I stay out like hell.
.
  • #29,376
  • Sep 6, 2007 1:28pm Sep 6, 2007 1:28pm
Quoting Turtle
But then again...tomorrow is Friday.....
agree, ...and thats all we need to know,...
its just money
  • #29,377
  • Sep 6, 2007 2:08pm Sep 6, 2007 2:08pm
anybody for a long gbp/jpy ?
its just money
  • #29,378
  • Sep 6, 2007 2:22pm Sep 6, 2007 2:22pm
I killed the cable today by a short trade @ 2.025's area, which I guess it was a challenge, and I didn't take any long trade after I closed this short trade, but I kept on scalping above 2.021's to 2.023's, another good day for me, I noticed that cable will not give any clear view, so I acted as if I'm playing a game, I was playing on the key levels, and luckily it worked with me, now I forgot the loss of the last week, tomorrow is the mirror of the week, so no surprises, when I said this week that cable is saying you go your way and I'll go mine, nobody listened to it, so be careful, tomorrow won't be an easy day
  • #29,379
  • Sep 6, 2007 2:51pm Sep 6, 2007 2:51pm
I agree with you Pino...tomorrow I'm looking to see if these numbers come in bad....all indicators are pointing that way.

If so, I will see which way the market is going and jump on for the ride....if numbers are good, I might be a scalper....

But then again...tomorrow is Friday and I shouldn't expect anything less than a crazy day....
  • #29,380
  • Sep 6, 2007 3:21pm Sep 6, 2007 3:21pm
Nice NFP and weekend to everybody. I'm going off...

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