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Cable Update (GBPUSD)

  • #35,161
  • Oct 12, 2007 1:51am Oct 12, 2007 1:51am
Just be prepared to go long.. expecting up 200-250pips
"Invest With The Insiders, Not The Masses" George Muzea
  • #35,162
  • Oct 12, 2007 2:06am Oct 12, 2007 2:06am
Quoting Qu|cksilver
Just be prepared to go long.. expecting up 200-250pips
I hope you are right I am sitting on a bad long position 100 pips down. Cable at the bottom of the 4H channel I'll have to take a loss after 0245! Ouch and that just after a gain of 143pips. I guess I am still in the 54%, but I'll never surender!!!
  • #35,163
  • Oct 12, 2007 2:08am Oct 12, 2007 2:08am
Quoting Runway Trade
I hope you are right I am sitting on a bad long position 100 pips down. Cable at the bottom of the 4H channel I'll have to take a loss after 0245! Ouch and that just after a gain of 143pips. I guess I am still in the 54%, but I'll never surender!!!
always use a stoploss
Trade what you see, not what you think.
  • #35,164
  • Oct 12, 2007 2:22am Oct 12, 2007 2:22am
Quoting Qu|cksilver
Just be prepared to go long.. expecting up 200-250pips
u have entry ?
I Deeply Love My Virtual Life In Virtual World , RLC
  • #35,165
  • Oct 12, 2007 3:03am Oct 12, 2007 3:03am
cable as usual in its agile mode, lets see if takes up any further position, right now around .0254
Hello World!
  • #35,166
  • Oct 12, 2007 3:05am Oct 12, 2007 3:05am
short gu short. damn I hate this.
.
  • #35,167
  • Oct 12, 2007 3:06am Oct 12, 2007 3:06am
Quoting notme32
u have entry ?
maybe 2.0220 area
"Invest With The Insiders, Not The Masses" George Muzea
  • #35,168
  • Oct 12, 2007 3:07am Oct 12, 2007 3:07am
This is crazy. When GU goes up everyone is shouting short. When GU is going down and the signals start to be clear for short everyone start to shout long...
.
  • #35,169
  • Oct 12, 2007 3:11am Oct 12, 2007 3:11am
Quoting bullrock
This is crazy. When GU goes up everyone is shouting short. When GU is going down and the signals start to be clear for short everyone start to shout long...
all seem to be using RSI only, that too on small time frames
Hello World!
  • #35,170
  • Oct 12, 2007 3:15am Oct 12, 2007 3:15am
Quoting karmostaji
always use a stoploss
I have a SL, just a very long one. I am useing the W and D and all supposed to go to 500-550. Now looks like it will greak the w channel!
  • #35,171
  • Oct 12, 2007 3:16am Oct 12, 2007 3:16am
Quoting bullrock
This is crazy. When GU goes up everyone is shouting short. When GU is going down and the signals start to be clear for short everyone start to shout long...
Yes i know cable pointing down and but still in retracement mode. The long term trend still upward. We can short, no problem for that but for the long term investor they said "BUY THE DIP"
"Invest With The Insiders, Not The Masses" George Muzea
  • #35,172
  • Oct 12, 2007 3:19am Oct 12, 2007 3:19am
Morning all... it is one sad picture that of the H4 in cable.. melting, forgotten, beaten up like a dog who lost its teeth...

Ok, there is a 747-Cargo packed up with UK news to land next week... If they don't come mixed and confusing, we may see our beloved lil pig moving out of these triangles-inside-of-triangles BS...

But with the pack of US news today, I will not touch cable.
  • #35,173
  • Oct 12, 2007 3:32am Oct 12, 2007 3:32am
Quoting cesarnc
Morning all... it is one sad picture that of the H4 in cable.. melting, forgotten, beaten up like a dog who lost its teeth...

Ok, there is a 747-Cargo packed up with UK news to land next week... If they don't come mixed and confusing, we may see our beloved lil pig moving out of these triangles-inside-of-triangles BS...

But with the pack of US news today, I will not touch cable.
That's pretty wise, I'm gonna close my shorts soon too. I would not advise anyone to enter between now and the releases. Having said that, any plan for the PPI release? What if it comes out as expected? For me, it's an immediate short. previous was -1.4%.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #35,174
  • Oct 12, 2007 3:34am Oct 12, 2007 3:34am
Quoting cesarnc
Morning all... it is one sad picture that of the H4 in cable.. melting, forgotten, beaten up like a dog who lost its teeth...

Ok, there is a 747-Cargo packed up with UK news to land next week... If they don't come mixed and confusing, we may see our beloved lil pig moving out of these triangles-inside-of-triangles BS...

But with the pack of US news today, I will not touch cable.
Dont make me laugh too hard, I forgot to drink water before I went to bed last night. Today is another trade from my bed with a hangover day.
Just Trade It
  • #35,175
  • Oct 12, 2007 3:49am Oct 12, 2007 3:49am
I made 4 points scalping cable today, not bad for a day like Friday :-)

Hello World!
  • #35,176
  • Oct 12, 2007 4:09am Oct 12, 2007 4:09am
Quoting Qu|cksilver
Yes i know cable pointing down and but still in retracement mode. The long term trend still upward. We can short, no problem for that but for the long term investor they said "BUY THE DIP"
Sure sure... I am long LONG TERM. I need to see the close of the day before saying anything.
.
  • #35,177
  • Oct 12, 2007 4:10am Oct 12, 2007 4:10am
Quoting Plutonite
That's pretty wise, I'm gonna close my shorts soon too. I would not advise anyone to enter between now and the releases. Having said that, any plan for the PPI release? What if it comes out as expected? For me, it's an immediate short. previous was -1.4%.
Same view here, but I will jump in euro in this case to start building a position to ride a correction in the next week. I will be nice go start the next week with some +30 as a cushion in case things go wrong.

I think one of the best short term (days?) opportunities is in EURGBP shorts, if euro confirms a correction starting up (breach of 4150 level is my clue)....

This pair is trading the fibo levels pretty nicely. breach of 6946 (23%) brings 6900 (38%) and 6853 (50%)...
  • #35,178
  • Oct 12, 2007 4:13am Oct 12, 2007 4:13am
But for some reason the fealing that the GU will go down it is just building up.
.
  • #35,179
  • Oct 12, 2007 4:20am Oct 12, 2007 4:20am
Quoting Qu|cksilver
Yes i know cable pointing down and but still in retracement mode. The long term trend still upward. We can short, no problem for that but for the long term investor they said "BUY THE DIP"
The only question Qu|cksilver is "where is the dip"?? Here or 200 pips lower? (edit)
.
  • #35,180
  • Oct 12, 2007 4:23am Oct 12, 2007 4:23am
Quoting bullrock
But for some reason the fealing that the GU will go down it is just building up.
In the intraday I like to watch the 7:00 GMT price as a pivot (frankfurt open) to get started (today 0275). Went down in the 7h candle, up in the 8h, bounced off yesterday's low, refreshed the short term oscilators and it is bound 0275 again.

Clearing some 20-30 pips downwards is usually bearish for the rest of the day... (not factoring news in)
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