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Cable Update (GBPUSD)

  • #32,181
  • Sep 21, 2007 10:26am Sep 21, 2007 10:26am
Quoting Big Wave Rider
Are we ever on topic?
BWR... could you send a memo down to your guys and get them to short the fiber and cable? lol... you're the ceo right?
  • #32,182
  • Sep 21, 2007 10:27am Sep 21, 2007 10:27am
Quoting leachimeewg
well.. it seems we have 2 camps here..
One of us will leave this alive then..

SHORT SHORT SHORT... SHOW ME THE PIPS! *heh heh*


Someone said something abt large size fonts..

Ha ha till now 2.0207
those who short better put your SL
  • #32,183
  • Sep 21, 2007 10:30am Sep 21, 2007 10:30am
erm.. who's trading cable now?

I'm not... :
  • #32,184
  • Sep 21, 2007 10:31am Sep 21, 2007 10:31am
My GU bulls rock!!
.
  • #32,185
  • Sep 21, 2007 10:37am Sep 21, 2007 10:37am
OOOPPSS... I think we overkilled here, guys..:

"We're going to keep watching that dollar," said Arthur Cashin, UBS director of floor operations. "Thank goodness it's stable now, but if next week is anything like this week, we could have a lot of problems."
CNBC.
  • #32,186
  • Sep 21, 2007 10:39am Sep 21, 2007 10:39am
Quoting leachimeewg
BWR... could you send a memo down to your guys and get them to short the fiber and cable? lol... you're the ceo right?

Well at the begining of the week I posted that we will see up or sideways movement till the end of the week and then starting Monday or tuesday we should go down close to or beat the low in august. According to my E.W count and analysis, But my other trading system shows that this is going to continue with the long term trend, however it is not confirmed on the daily yet which means that the E.W analysis could still hold true which means I dont know where the fu*k we are going next week so I am not making calls since I myself have two conflicting views. So my call is Long cable Short come monday. No more analizing I am switching to following.
Its eaiser and makes more pips.
Just Trade It
  • #32,187
  • Sep 21, 2007 10:39am Sep 21, 2007 10:39am
Since when is talk about world economy (Mickey D's in China) not considered related to currencies like Cable.

I read a story yesterday on Reuters about Russian steel mills opening another repeat another new plant in the good ole USA.

Who'd thunk it.
  • #32,188
  • Sep 21, 2007 10:40am Sep 21, 2007 10:40am
Quoting cesarnc
OOOPPSS... I think we overkilled here, guys..:

"We're going to keep watching that dollar," said Arthur Cashin, UBS director of floor operations. "Thank goodness it's stable now, but if next week is anything like this week, we could have a lot of problems."
CNBC.
Isn't that a nice FA?
  • #32,189
  • Sep 21, 2007 10:45am Sep 21, 2007 10:45am
Quoting Big Wave Rider
Well at the begining of the week I posted that we will see up or sideways movement till the end of the week and then starting Monday or tuesday we should go down close to or beat the low in august. According to my E.W count and analysis, But my other trading system shows that this is going to continue with the long term trend, however it is not confirmed on the daily yet which means that the E.W analysis could still hold true which means I dont know where the fu*k we are going next week so I am not making calls since I myself have two conflicting views. So my call is Long cable Short come monday. No more analizing I am switching to following.
Its eaiser and makes more pips.
Dude, since we are on the topic, Personally I use 1day charts to confirm overall bullish trends for the day i'm trading. if its bullish, long on dips, bearish, i short on rallies..

It just look overbought on the fiber but its slightly more on the upside towards cable..

stochastics look off the chart... force indicators too..

bow wow.. forget my ramblings.. lol..
  • #32,190
  • Sep 21, 2007 10:46am Sep 21, 2007 10:46am
Quoting SunTrader
Since when is talk about world economy (Mickey D's in China) not considered related to currencies like Cable.

I read a story yesterday on Reuters about Russian steel mills opening another repeat another new plant in the good ole USA.

Who'd thunk it.
Maybe that had a side deal to open Mickey D's in all parts of Russia?
  • #32,191
  • Sep 21, 2007 10:50am Sep 21, 2007 10:50am
Just got an email from FXCM to say my account is now up and running...the first trade with them has to be a winner...somewhow I dont think this is the right point on the chart ! 0220 might be worth a tiny short next week if there is a hint of weakness.........or if it goes there and dips then breathes again.....yes i think I want my virgin deal to be a long...

virgins need long ones...
  • #32,192
  • Sep 21, 2007 10:51am Sep 21, 2007 10:51am
Quoting allserene
Just got an email from FXCM to say my account is now up and running...the first trade with them has to be a winner...somewhow I dont think this is the right point on the chart ! 0220 might be worth a tiny short next week if there is a hint of weakness.........or if it goes there and dips then breathes again.....yes i think I want my virgin deal to be a long...

virgins need long ones...

Gd luck trading. Outta curiosity, what made you decide on FXCM as your broker of choice?
  • #32,193
  • Sep 21, 2007 10:52am Sep 21, 2007 10:52am
That's all for today
what a choppy week
I let the bull running till next friday (4 lots!!!)
in and out, still +ve , thank god....(it's friday?)
c u all guys next week...
  • #32,194
  • Sep 21, 2007 10:53am Sep 21, 2007 10:53am
Quoting leachimeewg
Dude, since we are on the topic, Personally I use 1day charts to confirm overall bullish trends for the day i'm trading. if its bullish, long on dips, bearish, i short on rallies..

It just look overbought on the fiber but its slightly more on the upside towards cable..

stochastics look off the chart... force indicators too..

bow wow.. forget my ramblings.. lol..

Right, we really dont have complete bullish conformation on the daily yet, maybe about 50% conformation but not much more, and on the stochs they will ALWAYS be over sold in an uptrend or over bought in a downtrend Stochs are only good for entering in a reversal or retracement on a lower time frame.
Trust me, I have made hundreds of pips and added to positions even though my stochs were over sold. and they will stay oversold until a reversal.
Just Trade It
  • #32,195
  • Sep 21, 2007 10:56am Sep 21, 2007 10:56am
Quoting Big Wave Rider
Right, we really dont have complete bullish conformation on the daily yet, maybe about 50% conformation but not much more, and on the stochs they will ALWAYS be over sold in an uptrend or over bought in a downtrend Stochs are only good for entering in a reversal or retracement on a lower time frame.
Trust me, I have made hundreds of pips and added to positions even though my stochs were over sold. and they will stay oversold until a reversal.
We agree on the point on not enough info.

I agree with the stochs. LOL. I only come in on reversal. but i use a combination of indicators to confirm my in and out. Looks good at the moment. But i'm testing it out with real pips for at least 3-6months before I go BIG.
  • #32,196
  • Sep 21, 2007 10:58am Sep 21, 2007 10:58am
McD sells burgers in china->construction flourishes to reinforce soil-> construction buys steel from Russian steel company.

Solution Buy Steel shares, McD shares and will be millionaires in no time
.
  • #32,197
  • Sep 21, 2007 10:59am Sep 21, 2007 10:59am
[quote=Big Wave Rider;1606244]Well at the begining of the week I posted that we will see up or sideways movement till the end of the week and then starting Monday or tuesday we should go down close to or beat the low in august. According to my E.W count and analysis, But my other trading system shows that this is going to continue with the long term trend, quote]
hm....
nice articel...
http://www.economist.com/opinion/dis...ory_id=9833056
its just money
  • #32,198
  • Sep 21, 2007 11:01am Sep 21, 2007 11:01am
USCAD really holding on to that parity level, I though a sharp retracement would of happend by now, Wait untill monday, as with all pairs
Just Trade It
  • #32,199
  • Sep 21, 2007 11:04am Sep 21, 2007 11:04am
Quoting Big Wave Rider
USCAD really holding on to that parity level, I though a sharp retracement would of happend by now, Wait untill monday, as with all pairs
aw man.. i hate to hold overnite positions.. lol...
  • #32,200
  • Sep 21, 2007 11:04am Sep 21, 2007 11:04am
It is really not difficult to determine the trend... LOL (You do not need inidcators for that. LOL) Look at the chart if you have on average higher highs and higher lows you have an uptrend. Also take a period, say 3 months if right of the chart is higher than left of the chart, guess what, it is an uptrend....
I just colour my charts with RSI and MAs, I do not really use them because I trade quantitatively ie statiticla probabilities. The only thing I might consider trednlines but those just to support my ideas....
.
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