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Cable Update (GBPUSD)

  • #35,381
  • Oct 15, 2007 3:41am Oct 15, 2007 3:41am
Quoting de123
ronald pissing again,...anyway its preety cold here, aprox -2C, Moscow had a snow yesterday,...turkey will decide on wednesday if it will attack the Kurds in Iraq, the US did make a statement about the armenians being invaded in the past from the turks,..turks not pleased, Polish parliamentary and slovenian presidental elections on Sunday, china breaking all Resistance towards trilion Cap wona be by some their chips,...among with other regular news,...

News from the U.S

http://www.caglecartoons.com/images/...158aa6d%7D.gif
Just Trade It
  • #35,382
  • Oct 15, 2007 3:52am Oct 15, 2007 3:52am
news from the world...
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its just money
  • #35,383
  • Oct 15, 2007 3:58am Oct 15, 2007 3:58am
cable is becoming ridiculous........but i wont be complaining
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  • #35,384
  • Oct 15, 2007 4:15am Oct 15, 2007 4:15am
Quoting Big Wave Rider
News from the U.S

http://www.caglecartoons.com/images/...158aa6d%7D.gif


Morning all...
  • #35,385
  • Oct 15, 2007 4:18am Oct 15, 2007 4:18am
Morning...
  • #35,386
  • Oct 15, 2007 4:33am Oct 15, 2007 4:33am
I took a short on cable from 2.0385 as it hit the high of 9 Oct at 2.03921, black line. The reqson for the short is because the daily stochs are heading down as you see in the pic below. Also the 4hr and 1hr stochs had woulnd up enough.

Now using the fib extension tool the we get a 61.8 fib xtension just below Friday's low, so that would let me to beleive that is my firsttarget then the 100 extension down at 2.0078ish would be my next target.

I'll still keep an eye on the 2.0366 as this is the only possible place for it to bounce and will be tough to crack again, but I think it will go down.
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  • #35,387
  • Oct 15, 2007 4:38am Oct 15, 2007 4:38am
Quoting spiritbreezer
I took a short on cable from 2.0385 as it hit the high of 9 Oct at 2.03921, black line. The reqson for the short is because the daily stochs are heading down as you see in the pic below. Also the 4hr and 1hr stochs had woulnd up enough.

Now using the fib extension tool the we get a 61.8 fib xtension just below Friday's low, so that would let me to beleive that is my firsttarget then the 100 extension down at 2.0078ish would be my next target.

I'll still keep an eye on the 2.0366 as this is the only possible place for it to bounce and will be tough to crack again, but I think it will go down.
cable is going along with euro for simpathy and it's right at the 4H trendline it didn't breach last time....

That put me (still) in the sidelines with this pair. Euro has all it takes to go to 4380 shall 4240 goes today, 5 pips to go. But I don't know how far could cable go up right ahead of important data releases....

Those have been the hardest days to trade cable, as far as I remember... It was so easily traded when a USD bearish sentiment hit the market and coupled with the huge bullish sentiment in cable, that is no longer seen here.
  • #35,388
  • Oct 15, 2007 4:46am Oct 15, 2007 4:46am
Quoting cesarnc
cable is going along with euro for simpathy and it's right at the 4H trendline it didn't breach last time....

That put me (still) in the sidelines with this pair. Euro has all it takes to go to 4380 shall 4240 goes today, 5 pips to go. But I don't know how far could cable go up right ahead of important data releases....

Those have been the hardest days to trade cable, as far as I remember... It was so easily traded when a USD bearish sentiment hit the market and coupled with the huge bullish sentiment in cable, that is no longer seen here.
I scalped cable short last week for 50 pips, other than that I have been on the sidelines for quite sometime as triagle develops inside another triangle which turns into yet another traingle EURGBP has taken over as far as I am concerned.
Just Trade It
  • #35,389
  • Oct 15, 2007 5:17am Oct 15, 2007 5:17am
i took my long at 330 looking for cable to reach 450-470 lets see.
If I Go Broke Trying Then I Will die happy.
  • #35,390
  • Oct 15, 2007 5:17am Oct 15, 2007 5:17am
Quoting cesarnc
cable is going along with euro for simpathy and it's right at the 4H trendline it didn't breach last time....

That put me (still) in the sidelines with this pair. Euro has all it takes to go to 4380 shall 4240 goes today, 5 pips to go. But I don't know how far could cable go up right ahead of important data releases....

Those have been the hardest days to trade cable, as far as I remember... It was so easily traded when a USD bearish sentiment hit the market and coupled with the huge bullish sentiment in cable, that is no longer seen here.
I am bearish.
.
  • #35,391
  • Oct 15, 2007 5:20am Oct 15, 2007 5:20am
Quoting bullrock
I am bearish.
i will turn to bear as soon as i get a clear signal, but for now im riding the long train.
If I Go Broke Trying Then I Will die happy.
  • #35,392
  • Oct 15, 2007 5:27am Oct 15, 2007 5:27am
Quoting Moe
i will turn to bear as soon as i get a clear signal, but for now im riding the long train.
Hi Moe. I have done a lot of calculations during the weekend and finalized finally my methodology. I have completely cleared everything from my screen (including trendlines) and I have 100% quantitative/mm approach + price action. It showed me bearis for the GU. But it is right just 52% of the time so you know...
.
  • #35,393
  • Oct 15, 2007 5:29am Oct 15, 2007 5:29am
Quoting Moe
i took my long at 330 looking for cable to reach 450-470 lets see.
If it gets there, chances of going through 0500 increases, no? A weekly trendline (top of the triangle) lies at 0450 right now.
  • #35,394
  • Oct 15, 2007 5:32am Oct 15, 2007 5:32am
Quoting bullrock
Hi Moe. I have done a lot of calculations during the weekend and finalized finally my methodology. I have completely cleared everything from my screen (including trendlines) and I have 100% quantitative/mm approach + price action. It showed me bearis for the GU. But it is right just 52% of the time so you know...
you can be right 50% of the time and still make money as long as your winners is bigger then your loser's. to me thats a low percentage, once you get a feel for it then you can ajust and have those homerun trades.
If I Go Broke Trying Then I Will die happy.
  • #35,395
  • Oct 15, 2007 5:33am Oct 15, 2007 5:33am
Quoting bullrock
I am bearish.
need some feedbacks pls...why is it so? isnt price going up?

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...
  • #35,396
  • Oct 15, 2007 5:34am Oct 15, 2007 5:34am
Moe is bullish
Bullrock is bearish


WTF??
Just Trade It
  • #35,397
  • Oct 15, 2007 5:36am Oct 15, 2007 5:36am
Quoting cesarnc
If it gets there, chances of going through 0500 increases, no? A weekly trendline (top of the triangle) lies at 0450 right now.
b.t.w. what happen to you risking a long position with me, yes the chances increase to hit 500 if it does this could mean long for the whole week. im just going with the flow, wait and see.
If I Go Broke Trying Then I Will die happy.
  • #35,398
  • Oct 15, 2007 5:39am Oct 15, 2007 5:39am
Quoting Moe
b.t.w. what happen to you risking a long position with me, yes the chances increase to hit 500 if it does this could mean long for the whole week. im just going with the flow, wait and see.
Looks like everyone like the GBPUSD.
Can I ask you guys why trading with Cable are so populair?
  • #35,399
  • Oct 15, 2007 5:40am Oct 15, 2007 5:40am
Quoting Big Wave Rider
Moe is bullish
Bullrock is bearish


WTF??
only the market can be right.
If I Go Broke Trying Then I Will die happy.
  • #35,400
  • Oct 15, 2007 5:43am Oct 15, 2007 5:43am
I am staying out of cable even though I have a bullish signal on the 4hr, I will wait until I get the signal on the daily and by then hopefully it breaks out of this range. The water is too mudy to jump in right now.
Just Trade It
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