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Cable Update (GBPUSD)

  • #35,581
  • Oct 16, 2007 4:34am Oct 16, 2007 4:34am
Quoting Moe
this will be a strong week, up and down, im off to bed i will be checking out n.y. open, short is not a sure thing, if i can't get 100+ pips i don't trade.
I was hoping for a strong CPI to get cable back to the trend... I wish... With this CPI cable is doomed to this triangle in the weekly for ages to come...

Euro and swiss are back to their noman's land and I'm clueless again, about everything

This is already one hell of a freaking week..
  • #35,582
  • Oct 16, 2007 4:37am Oct 16, 2007 4:37am
Quoting cesarnc
I was hoping for a strong CPI to get cable back to the trend... I wish... With this CPI cable is doomed to this triangle in the weekly for ages to come...

Euro and swiss are back to their noman's land and I'm clueless again, about everything

This is already one hell of a freaking week..
Don't forget, GJ trapped in 237-240 range. Also AJ trapped in 107-104
Patience + Humility + Study = Success
  • #35,583
  • Oct 16, 2007 4:44am Oct 16, 2007 4:44am
Quoting DutchTrader
Don't forget, GJ trapped in 237-240 range. Also AJ trapped in 107-104
I see...

I'm just very frustrated because I still can't handle consolidative periods. And those big moves at 7am GMT yesterday and today got me backfooted. Loses are starting to run out of control, so it's time to me to step out...

There are a bunch of news this week and US news have become one hard task to trade. Good news ends in dollar selloff, bad news is good news, stock market is out of control, reacting to the previous hour's news only, carry trades insane, 7am GMT sharks ...
  • #35,584
  • Oct 16, 2007 5:28am Oct 16, 2007 5:28am
Quoting cesarnc
I see...

I'm just very frustrated because I still can't handle consolidative periods. And those big moves at 7am GMT yesterday and today got me backfooted. Loses are starting to run out of control, so it's time to me to step out...

There are a bunch of news this week and US news have become one hard task to trade. Good news ends in dollar selloff, bad news is good news, stock market is out of control, reacting to the previous hour's news only, carry trades insane, 7am GMT sharks ...
You should go on holiday IMHO.
.
  • #35,585
  • Oct 16, 2007 5:30am Oct 16, 2007 5:30am
Quoting Moe
this will be a strong week, up and down, im off to bed i will be checking out n.y. open, short is not a sure thing, if i can't get 100+ pips i don't trade.
Ithink it go down to 2.013ish Thats 200 pips
.
  • #35,586
  • Oct 16, 2007 5:32am Oct 16, 2007 5:32am
Quoting cesarnc
I see...

I'm just very frustrated because I still can't handle consolidative periods. And those big moves at 7am GMT yesterday and today got me backfooted. Loses are starting to run out of control, so it's time to me to step out...

There are a bunch of news this week and US news have become one hard task to trade. Good news ends in dollar selloff, bad news is good news, stock market is out of control, reacting to the previous hour's news only, carry trades insane, 7am GMT sharks ...
I don't know if this will comfort you Cesar...but on the Oanda forum people who have been trading for as long as 20 years are being wiped out. We are going through difficult times but the ones who stay alive shall be rewarded !!!!!
For he that would be deceived, let him.
  • #35,587
  • Oct 16, 2007 5:33am Oct 16, 2007 5:33am
Quoting cesarnc
I see...

I'm just very frustrated because I still can't handle consolidative periods. And those big moves at 7am GMT yesterday and today got me backfooted. Loses are starting to run out of control, so it's time to me to step out...

There are a bunch of news this week and US news have become one hard task to trade. Good news ends in dollar selloff, bad news is good news, stock market is out of control, reacting to the previous hour's news only, carry trades insane, 7am GMT sharks ...

Hello World!
  • #35,588
  • Oct 16, 2007 5:38am Oct 16, 2007 5:38am
Quoting pinchapip
I don't know if this will comfort you Cesar...but on the Oanda forum people who have been trading for as long as 20 years are being wiped out. We are going through difficult times but the ones who stay alive shall be rewarded !!!!!
I thought FX markets are very young in age and therefore I was quite an old guy who has seen 1+ years, lolz

New guys replacing Old guys is not a very good idea, I think I just got a lesson to learn.
Hello World!
  • #35,589
  • Oct 16, 2007 5:41am Oct 16, 2007 5:41am
Quoting ClockTrader
I thought FX markets are very young in age and therefore I was quite an old guy who has seen 1+ years, lolz

New guys replacing Old guys is not a very good idea, I think I just got a lesson to learn.
I didn't mean they're trading Forex for 20 years....but you get the idea
For he that would be deceived, let him.
  • #35,590
  • Oct 16, 2007 5:43am Oct 16, 2007 5:43am
Quoting pinchapip
I don't know if this will comfort you Cesar...but on the Oanda forum people who have been trading for as long as 20 years are being wiped out. We are going through difficult times but the ones who stay alive shall be rewarded !!!!!
I am relieved now.
.
  • #35,591
  • Oct 16, 2007 5:46am Oct 16, 2007 5:46am
Quoting pinchapip
I didn't mean they're trading Forex for 20 years....but you get the idea

ooOOOPPPSSS, my bad, I got it however and the lesson too :-)
Hello World!
  • #35,592
  • Oct 16, 2007 5:50am Oct 16, 2007 5:50am
Quoting cesarnc
I see...

I'm just very frustrated because I still can't handle consolidative periods. And those big moves at 7am GMT yesterday and today got me backfooted. Loses are starting to run out of control, so it's time to me to step out...

There are a bunch of news this week and US news have become one hard task to trade. Good news ends in dollar selloff, bad news is good news, stock market is out of control, reacting to the previous hour's news only, carry trades insane, 7am GMT sharks ...
Thats when you step away, I had to learn that the hard way.
Patience + Humility + Study = Success
  • #35,593
  • Oct 16, 2007 5:55am Oct 16, 2007 5:55am
Bears are poking the 320 area....if it goes the 260 may go as well !!!! What a beautiful Tuesday !!!!
For he that would be deceived, let him.
  • #35,594
  • Oct 16, 2007 5:58am Oct 16, 2007 5:58am
320 support breached.....hummmmmm
For he that would be deceived, let him.
  • #35,595
  • Oct 16, 2007 5:58am Oct 16, 2007 5:58am
Oil at 87, at this rate we might see 90 by the end of the week.
So who's in profit?
Just Trade It
  • #35,596
  • Oct 16, 2007 5:59am Oct 16, 2007 5:59am
Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee !!!!!!!!!!!!!!!!!!!!!!!!!
For he that would be deceived, let him.
  • #35,597
  • Oct 16, 2007 5:59am Oct 16, 2007 5:59am
Quoting Big Wave Rider
Oil at 87, at this rate we might see 90 by the end of the week.
So who's in profit?

BIG PROFITS HERE !!!!!!!!!!!!
For he that would be deceived, let him.
  • #35,598
  • Oct 16, 2007 6:01am Oct 16, 2007 6:01am
Quoting cesarnc
I see...

I'm just very frustrated because I still can't handle consolidative periods. And those big moves at 7am GMT yesterday and today got me backfooted. Loses are starting to run out of control, so it's time to me to step out...

There are a bunch of news this week and US news have become one hard task to trade. Good news ends in dollar selloff, bad news is good news, stock market is out of control, reacting to the previous hour's news only, carry trades insane, 7am GMT sharks ...
Hi cesar, i don't know if i'll be able to help you much, but while i was searching the world wide web of forex, i came across 2 systems that work pretty well for the "7am sharks".

the 1st system is by taking the lowest low and the highest high of the previous 1hour candles leading upto 7am. Basically set a short 5 pips below the low and a Long 5 pips above the high.

the 2nd system uses the high and low of the 6am 1HR candle then going down to a 10 min chart and wait for a candle to close outside the previous high/low.

I hope this helps anyone in any way.
  • #35,599
  • Oct 16, 2007 6:02am Oct 16, 2007 6:02am
Quoting Big Wave Rider
Oil at 87, at this rate we might see 90 by the end of the week.
So who's in profit?
oil touched 87.99 today

OMG my SL @ 280

F U Cable
  • #35,600
  • Oct 16, 2007 6:03am Oct 16, 2007 6:03am
Quoting benssol
oil touched 87.99 today

OMG my SL @ 280

F U Cable
87.99? woah... petrol gonna be expensive!
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